The European Commission has proposed to the European Parliament and the Council an aid of €945 million from the EU Solidarity Fund (EUSF) to Spain to support the recovery from the destructive ‘DANA floods’ of October 2024 in Valencia. In addition, the Commission has approved the reallocation of €645 million from Spain’s cohesion policy funds via […]
EU announces €2.3 billion support package at Ukraine Recovery Conference 2025
The President of the European Commission, Ursula von der Leyen, unveiled last July 10 a new €2.3 billion package of agreements with international and bilateral public financial institutions to support Ukraine’s recovery and reconstruction efforts. It shows the EU’s steadfast commitment to Ukraine’s recovery and its future in the EU. The new €2.3 billion package of […]
Parliament warns of impact of recovery costs on EU budget by 2024
Parliament warned on Wednesday about the impact of recovery costs on the bloc’s 2024 budget, putting the bloc’s main plans at risk. MEPs are “deeply concerned that, if the necessary measures are not taken, the cost of increased funding for European recovery instruments could severely constrain the EU budget in terms of financing EU priorities […]
The visit to Spain by the European Parliament’s Committee on Budgetary Control to evaluate the recovery funds comes to an end
The delegation met with members of the Spanish Government, including Nadia Calvinho, First Vice-President and Minister of Economy and Digital Transformation; María Jesús Montero, Minister of Finance and Public Administrations; and José Luis Escrivá, Minister of Inclusion, Social Security and Immigration. They also met with parliamentarians from Castilla-La Mancha, Madrid, Extremadura, Andalusia and Aragon, as […]
The Council will include REPowerEU chapters in the Recovery and Resilience Facility
The Council formally adopted a regulation modifying the Recovery and Resilience Facility to include REPowerEU chapters. The goal is to increase the EU’s strategic autonomy by diversifying its energy supplies and ending its reliance on Russian fossil fuel imports. This is the last step in the adoption process. In practise, under NextGenerationEU, member states will […]
Recovery plans: MEPs push for wise use of money, democratic oversight
Countries should use the more than €700 billion available under EU recovery plans to adapt to new social and economic realities, MEPs say. The EU’s Recovery and Resilience Facility was set up at the height of the Covid-19 crisis to help EU countries support struggling businesses and people. While the EU’s economy rebounded in 2021 after […]
EU budget 2023
The Commission has proposed an annual EU budget of €185.6 billion for 2023, to be complemented by an estimated €113.9 billion in grants under NextGenerationEU. The EU budget will continue to mobilise significant investments to boost Europe’s strategic autonomy, the ongoing economic recovery, safeguard sustainability and create jobs. The Commission will continue to prioritise green […]
REACT-EU: Spain receives 382.7 million to fight COVID-19 and facilitate the green and digital transition
2022 has started with a new investment in Spain as the European Commission has granted 382.7 million euros to Spain within the framework of Next Generation EU, through the REACT-EU funds. This additional funding under the European Regional Development Fund is added to twelve 2014-2020 operational programmes to help the health system fighting the coronavirus pandemic […]
HORIZON EUROPE: COVID-19 Recovery Through Sustainable Tourism Growth and SME Support
Expected Outcome Expected results: Enhanced resilience and competitiveness of tourism SMEs through better uptake of sustainability principles, innovation, and digitalisation (i.e. use of new technologies, greening, data); New business models in tourism building on digitalisation, new technologies, sustainability, circularity; Enhanced cooperation along the tourism value chain; Improved transnational and cross-border cooperation, knowledge transfer and peer […]