Insight EU Finance Weekly Monitoring, 15 – 19 July 2024
These are the headlines of our weekly Insight EU Finance Monitoring, published last Friday.
EU Commission approves Estonia’s €122.3m recovery request
Today, the Commission has endorsed a positive preliminary assessment of Estonia's second payment request for €122.3 (net of pre-financing) million…
Breakthrough: Poland’s efforts to restore rule of law to unlock up to €137bn in EU funds
Today, the European Commission has adopted two legal acts that will pave the way for Poland to access up to €137 billion…
RRF: EU Commission endorses positive preliminary assessment of Croatia’s fourth payment request for €162.5m
Today, the Commission has endorsed a positive preliminary assessment of Croatia's fourth payment request for €162.5 million under the Recovery and…
RRF: EU Commission endorses positive preliminary assessment of Denmark´s second payment request for €422m
Today, the Commission has endorsed a positive preliminary assessment of Denmark's second payment request for €422 million under the Recovery and…
RRF: EU Commission approves €1.3bn German State aid to support ArcelorMittal decarbonise its steel production
The aid will take the form of a direct grant and will support the construction of a direct reduction plant and three new electric arc furnaces. The…
RRF: Delivering ambitious reforms
Unprecedented in its scale and ambition, the RRF was established in February 2021 and has the two-fold objective of helping…
RRF: EU Commission approves Lithuania’s €360m request
Today, the Commission has endorsed a positive preliminary assessment of Lithuania's second payment request for €360 million in loans under…
EU Commission endorses Czechia’s €702m RRF payment
Today, the Commission has endorsed a positive preliminary assessment of Czechia's second payment request for €702 million under the Recovery and…
Germany: EU Commission approves €4bn State aid scheme partially funded under RRF to help decarbonisation
The European Commission has approved, under EU State aid rules, a €4 billion German scheme made available in part through…
RRF: EU Commission endorses positive preliminary assessment of Finland’s request for €202m disbursement
These cover a set of transformative reforms such as tax reforms to promote the electrification of industry and encourage investment in low-carbon…
EU Commission disburses REPowerEU pre-financing payments to Hungary, Lithuania and Poland under the RRF
On 28 December 2023, the Commission disbursed €779.5 million to Hungary in loans, €109.8 million to Lithuania in loans, as…
EU Commission receives Italy’s fifth payment request under the RRF
On 29 December 2023, the Commission received Italy's fifth payment request for €10.6 billion in grants and loans (net of pre-financing). Italy's…
EU Commission disburses payments to Germany, Greece, Italy, Portugal, Slovakia and Slovenia under the RRF
Germany received the first payment under the Recovery and Resilience Facility (RRF). The payment amounts to € 4 billion. On 15 September,…
EU Commission receives payment requests of Croatia, Denmark, Latvia and Malta under the RRF
Payments under the RRF are performance-based and contingent on Croatia, Denmark, Latvia and Malta implementing the reforms and investments outlined in their recovery and resilience plans. The Commission will now…
EU Commission receives payment requests of Cyprus, Romania and Slovakia under the RRF
Cyprus's second payment request is worth €152 million in grants (net of pre-financing) and concerns a total of 33 milestones and 5 targets. This payment request covers…
EU Commission to issue €75bn in long-term EU-Bonds in the first half of 2024
The European Commission has today announced its intention to issue up to €75 billion of EU-Bonds in the first half…
EU Commission receives Czechia’s second and third payment requests under the RRF
This request covers a set of transformative reforms aimed at speeding up the digitalisation of public administration by setting up digitalisation competence…
EU Approves €1.1bn Spanish aid for net-zero transition
The European Commission has approved a €1.1 billion Spanish scheme to support investments for the production of equipment necessary to foster the…
Positive preliminary assessment of Slovenia’s request for €541m disbursement under the RRF
A set of transformative reforms is included. The new Flood Risk Management Plan addresses one of the most relevant climate change risks in Slovenia.…
EU Commission greenlights Slovakia’s €662m RRF request
Today, the Commission has endorsed a positive preliminary assessment of Slovakia's payment request for €662 million in grants under the Recovery…
EU Commission receives third payment request from Greece for €1.85bn in loans under the RRF
This payment request relates to a target requiring that €3.5 billion of RRF loans are signed by financial institutions and…
EU Commission approves €5.7bn Italian State aid scheme under the RRF to support renewable energy communities
The European Commission has approved, under EU State aid rules, a €5.7 billion Italian scheme made available in part through…
EU Commission endorses Poland’s €59.8bn modified recovery and resilience plan
Today, the Commission has given a positive assessment of Poland's modified recovery and resilience plan, which includes a REPowerEU chapter.…
EU Commission endorses Greece’s €35.95bn modified recovery and resilience plan
Today, the Commission positively assessed Greece's modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now…
EU Commission’s key priorities for strengthening competitivenes
Today, the Commission has launched the 2024 European Semester cycle of economic policy coordination. The Autumn package draws on the Autumn 2023 Economic Forecast…
EU Commission endorses France’s request for €10.3bn disbursement under the RRF
On 31 July 2023, France submitted to the Commission a payment request based on the achievement of the 16 milestones…
EU Commission receives Finland’s first payment request under the RRF
They cover several reforms related to the green transition, continuous learning and social, health care and rescue services, as well as calls…
RRF: EU Commission approves €1.7bn Italian State aid scheme to support agrivoltaic installations
The European Commission has approved, under EU State aid rules, a €1.7 billion Italian scheme made available in part through…
EU Commission disburses first payment of €238.5m to Estonia under the RRF
Payments under the Recovery and Resilience Facility (RRF), are performance-based and depend on the implementation by Estonia of the investments and reforms…
Ireland submits request to modify recovery and resilience plan
Ireland's proposed modification of the plan, which will now be assessed by the Commission, concerns seven investments included in the original plan. Of…
RRF: Positive assessment of Croatia’s €700m recovery request
The Croatian recovery and resilience plan is supported by €5.5 billion in grants. Croatia requested to modify its plan and…
Main results: Economic and Financial Affairs Council, 17 October 2023
The Council took stock of the progress on the review of the economic governance framework and stressed the need to…
EU Commission gets €724m RRF payment request from Bulgaria
The payment request also includes a series of reforms aiming to enhance preschool, school, and higher education as well as lifelong learning,…
EU Commission approves €910m Italian agro-industrial RRF scheme
The European Commission has approved, under EU State aid rules, a €910 million Italian scheme made available in part through…
Boosting recovery: EU Commission releases €2.76bn to Romania
Today's payment of €2.76 billion in grants and loans was made possible by Romania's fulfilment of 49 milestones and targets linked to the second instalment. They…
Slovakia: Third RRF payment request for an €662m in grants
The third payment, which is net of pre-financing, concerns 21 milestones and 6 targets. These cover a set of transformative reforms aimed at improving the legal…
EU Commission positively assesses Estonia’s request for €286m RRF disbursement
On 30 June 2023, Estonia submitted to the Commission a payment request based on the achievement of the 28 milestones…
NextGenerationEU: Implementation of the RRF firmly underway
The Commission has today adopted its second annual report on the implementation of the Recovery and Resilience Facility (RRF), the €800 billion…
NextGenerationEU: EU Commission receives Slovenia’s second payment request under the RRF
The second and the third grant instalments and the first loan instalment, which have been combined into one payment request,…
NextGenerationEU: Germany sends first payment request for €3.97bn in grants
Germany's first payment request for €3.97 billion (net of pre-financing) relates to 28 milestones and 8 targets. They cover investments in areas such as…
NextGenerationEU: EU Commission receives first payment request from Ireland for €323.8m under the RRF
This first payment request relates to 36 milestones and five targets. These cover numerous investments, for instance in the area of jobs…
NextGenerationEU: Sweden submits request to modify recovery and resilience plan
Yesterday, Sweden submitted a request to the Commission to modify its recovery and resilience plan, to which it also wishes…
EU Recovery and Resilience Facility: 100 largest final recipients per country
Once a Member State has fulfilled all the relevant milestones and targets to unlock a Recovery and Resilience Facility (RRF)…
NextGenerationEU: EU Commission endorses Italy’s third payment request and a targeted revision of its recovery and resilience plan
The European Commission has today endorsed a positive preliminary assessment of 54 milestones and targets linked to Italy's third payment request…
RRF: EU Commission receives third payment request from Croatia for €700m in grants
Croatia's third payment request for €700 million (net of pre-financing) relates to 32 milestones and 13 targets. They cover investments in areas such…
State aid: EU Commission approves €350m Spanish scheme for developing electricity storage facilities
The scheme, which will run until June 2026, aims to increase the share of renewable energy sources in the Spanish…
NextGenerationEU: EU Commission endorses Ireland’s revised recovery and resilience plan
The Commission considers that objective circumstances justify the amendments requested by Ireland. Following an assessment of the revised plan against…
Spain: EU Commission approves €680m Spanish scheme under the RRF to support roll-out of 5G mobile networks in rural areas
The Spanish areas concerned have less than 10,000 inhabitants, and no current or planned investment in 4G networks providing speeds…
NextGenerationEU: Spain submits request to revise recovery and resilience plan
Spain's overall proposed modifications would add 18 reforms and 25 new or scaled-up investments, and amount to over €95 billion in additional RRF funding.