The European Commission has disbursed a total of €42.8 billion to five Member States (Italy, Portugal, Cyprus, Malta and Spain) under the Recovery and Resilience Facility (RRF), the centrepiece of NextGenerationEU. The disbursements are part of the Commission’s efforts to support economic growth and resilience in EU Member States, and are based on successful steps […]
Commission proposes €23 billion payment to Spain under NextGenerationEU
Last July 7, the Commission positively assessed Spain’s fifth payment request for 23 billion under the Recovery and Resilience Facility (RRF), the centrepiece of NextGenerationEU. This assessment is a significant step towards the disbursement of EU funds to support Spain’s economic growth and resilience efforts. The Commission found that Spain delivered reforms and investments that will benefit citizens and businesses, focusing […]
Council adopts new rules on pay transparency
The Council has adopted new rules to combat pay discrimination and help close the gender pay gap in the EU. Under the pay transparency directive, EU companies will be required to share information about how much they pay women and men for work of equal value, and take action if their gender pay gap exceeds 5%. […]
NextGenerationEU: Spain asks the Commission to pay 6 billion euros in subsidies in the MRRF
This is Spain’s third payment request and refers to 24 milestones and five targets covering various reforms and investments in the areas of green and digital transitions, pensions, research, development and innovation, education and vocational training. In addition, this funding will benefit healthcare, support for vulnerable groups, insolvency procedures, the quality of public spending and the […]
Commission makes second 12 billion payment to Spain under the Recovery and Resilience Mechanism
On Friday 29 July, the Commission has paid Spain the second instalment of €12 billion of non-refundable financial assistance (excluding pre-financing) under the Recovery and Resilience Mechanism (RRM). The payments made by the Commission under the RRM are performance-based and depend on Spain’s implementation of the investments and reforms outlined in Spain‘s recovery and resilience […]
Commission endorses Spain’s second payment request
The European Commission has today endorsed a positive preliminary assessment of Spain’s second payment request for €12 billion in grants under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU. On 30 April 2022, Spain submitted to the Commission a payment request based on the achievement of the 40 milestones and […]