In September 2023, Belgium submitted to the EU Commission a first payment request of €658 million, net of pre-financing, under the RRF, covering 19 milestones and 1 target. These include several reforms concerning the deployment of 5G and fibre optic networks, the reform of company car taxation with a green perspective, and the promotion of employee participation in training.
The Finnish recovery and resilience plan consists of €1.95 billion in grants. It includes 143 milestones and targets, 19 reforms and 40 investments.
Proceeds from EU-Bonds will finance disbursements under the NextGenerationEU and other policy programmes such as the Ukraine Facility, the Reform and Growth Facility for the Western Balkans and Macro Financial Assistance programmes.
The EEA and Norwegian Financial Mechanisms for 2021-2028 set out the contribution of the EEA EFTA states — Iceland, Liechtenstein, and Norway — to reducing the economic and social disparities in the European Economic Area. The two financial mechanisms will together provide a financial contribution of €3.268 billion to economic and social cohesion.
The EU Commission has adopted two decisions today, issuing a positive preliminary assessment to lift the suspension of payment of €714 million to Portugal, and €37.2 million to Romania (net of pre-financing), after acknowledging the progress made in implementing their respective recovery and resilience plans.
Today, the EU Modernisation Fund has disbursed €2.967 billion to support 39 energy projects in 10 EU Member States. These investments will support the modernisation of energy systems, reducing greenhouse gas emissions in the energy, industry and transport sectors, and improving energy efficiency.
The EU Council today approved conclusions on the mid-term evaluation of the Neighbourhood, Development and International Cooperation Instrument – Global Europe (NDICI-Global Europe).
The NEB is a policy and funding initiative that strives for creating beautiful, sustainable, and inclusive places, products and ways of living. It weaves sustainability into our daily lives, linking the European Green Deal to innovative construction, advanced materials, and circular economy practices.
During his recent visit, which included meetings with the authorities as well as visiting the troubled eastern part of the country, EZ Commissioner Lenarčič announced the EU plans to provide close to €99 million in total in humanitarian assistance this year. This amount includes €35 million, subject to approval by the EU budgetary authorities.
The EU Commission proposes an EU budget of €199.7 billion for 2025. The budget will be complemented by €72 billion of disbursements under NextGenerationEU. This substantial financial envelope will support the EU in meeting its political priorities while integrating the changes agreed in the mid-term revision of the Multiannual Financial Framework (MFF) in February 2024.
The EU Commission and Banco Português de Fomento (BPF) have signed today an InvestEU guarantee agreement worth up to €210 million. The agreement is expected to mobilise more than €3 billion in investments. With this agreement, BPF becomes the first Portuguese InvestEU implementing partner.
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