About: EU recovery fund

Economy & Jobs 14-06-2021

Portugal investors demand bank bond money back or will boycott European fund

A group of international institutional investors coordinated by the Attestor Capital fund, on the hook for €2 billion in the Banco Espírito Santo case, want the European Commission to settle the case, warning that otherwise, they will not fund the post-pandemic economic recovery.

EU’s building renovation wave hits administrative snag

Differing views within the European Commission on how the EU's unprecedented recovery fund can be spent, and a rush to translate national spending plans from their original language, risk slowing down the EU's building renovation wave, experts say.
Energy 04-06-2021

Romania commits to phase out coal by 2032

Romania will exit coal by 2032 at the latest and pass a law by mid-2022 to address the closure of mines and adopt socio-economic measures to support coal communities and reskilling of worers, according to the country's official recovery plan.
Economy & Jobs 02-06-2021

EU Commission to borrow €80bn in 2021 to finance recovery

The European Commission is set to borrow about €80 billion ($97.76 billion) this year in long-term bonds to finance the European Union's plan for economic revival after the pandemic, the EU executive said on Tuesday (1 June).
Economy & Jobs 01-06-2021

EU to kick off pandemic plan with €10bn bond issue: French minister

The European Union plans to kick off its €750 billion pandemic recovery package with an initial €10 billion bond issue, France's junior minister for European affairs, Clément Beaune, said on Monday (31 May).
Economy & Jobs 28-05-2021

EU’s COVID recovery fund gets unanimous green light

The national parliaments of Austria and Poland approved Europe's huge post-virus coronavirus recovery fund on Thursday (27 May), the last of the 27 EU member states, paving the way for ratification.
Future EU 20-05-2021

The Robin Hood of Brussels should go away

There are many advantages in the EU becoming more financially independent of the member states, write Jakub Kučera and Lukáš Rejzek.
Economy & Jobs 19-05-2021

Pressure mounts on member states to ensure successful roll-out of recovery fund

As the EU recovery fund slowly nears its implementation phase, member states’ absorption capacity and control mechanisms are considered among of the main challenges for its successful roll-out.
Economy & Jobs 19-05-2021

Regions warn of bottleneck risks, double spending with EU recovery funds

Implementing the EU's €750 billion recovery plan in addition to regular regional spending at European level is likely to prove a challenge, the bloc's politicians admitted at an informal meeting of EU cohesion ministers in Lisbon on Tuesday (18 May).
Economy & Jobs 12-05-2021

European recovery gains speed as COVID-19 fund kicks in

Europe's economic recovery from the impact of COVID-19 is gaining momentum, the European Commission concluded in an economic forecast presented on Wednesday (12 May), with the rebound credited to the recovery fund, vaccines, global trade and the lifting of lockdowns. 
Economy & Jobs 10-05-2021

EU recovery fund struggles to find its true nature

Amid doubts around the implementation of the €800 billion recovery fund, European Commission and experts stress that the EU instrument is not a US-like emergency stimulus but an investment tool for the medium-term to transform the European economy.
Economy & Jobs 07-05-2021

Recovery fund: the engine behind the European transformation

Download PDF  

The unprecedented Recovery and Resilience Facility, the main instrument of the EU’s €800 billion recovery fund, represents a unique opportunity to overcome the recession triggered by the COVID-19 pandemic and complete the twin green and digital transitions of the European...

Nature is the missed opportunity of the EU’s recovery plans

Post-COVID recovery plans are the perfect moment to reset Europe's economy and become more sustainable, but current plans show that Europe is failing to embrace a systematic change in how it views nature, writes Sandrine Dixson-Decleve and Simon Zadek.
Economy & Jobs 05-05-2021

Polish parliament approves legislation needed for EU recovery fund

Poland's lower house of parliament on Tuesday (4 May) approved legislation essential to the European Union's €750 billion COVID-19 recovery fund, bringing the 27-nation bloc a step closer to implementing the plan.
Economy & Jobs 27-04-2021

From coal and steel to carbon-free and digital: EU reaches turning point

Years from now, 2021 may be seen as the moment the European Union took a leap forward from its post-World War Two birth as a coal and steel bloc to a modern green and digital economy.
Economy & Jobs 21-04-2021

No need to panic about the EU recovery fund

The EU recovery fund has been delayed by another court case in Germany. But there's no need to worry, writes Sony Kapoor.
Climate change 24-03-2021

Czechs lead the charge against EU’s ‘do no harm’ green criteria

The environment ministers of Poland, Bulgaria, and the Czech Republic have criticised the constraints imposed by the "do no significant harm" principle when it comes to EU funding. Others like Denmark, meanwhile, defend strict limits on fossil fuel spending in the EU's recovery plan.
Economy & Jobs 18-03-2021

Spain set to allocate €10 billion to combat ‘rural exodus’

The Spanish government will allocate about €10 billion of the total EU ‘post-COVID-19’ recovery funds approved for the Iberian country, to combat rural depopulation. EURACTIV's partner EuroEFE reports.

National renovation plans falling short of EU’s 2050 climate goal: study

The long-term renovations strategies that EU countries submitted last year to the European Commission are not in line with the bloc's objective of reaching climate-neutrality by 2050, according to fresh analysis due to be published this week.

Portuguese minister: EU countries should start receiving funds by June

Portugal's minister of planning, Nelson de Souza, said on Wednesday (26 February) that member states that have their recovery and resilience plans approved by April should receive the first funds by June.

EU countries back green building renovations, but quiet on binding standards

European Union countries will rally behind the bloc's plan to massively expand building renovations to cut emissions, according to a draft document, but it did not explicitly endorse using legally-binding energy performance standards to do it.

EU Commission warns of disorderly recovery from 2020 crisis

Not all EU countries will recover from the economic losses of 2020 at the same pace, the European Commission said on Monday (22 February), calling for a “strong joint response” from all 27 EU member states.

Concerns raised over green spending as EU moves forward with recovery plan

The President of the European Commission, Ursula von der Leyen, has called on EU member states to speed up delivery of their national spending plans in order tap into the EU's €750 billion recovery fund, but concerns have been raised over a lack of transparency on how the money may be spent.
Economy & Jobs 12-02-2021

Opposition leader: Romania’s recovery plan further sidelines left-led poor regions

Romania’s proposed recovery plan is economically unbalanced and politically biased as it focuses on investments in rich regions while disregarding poorer areas led by leftist local authorities, the leader of the country's main opposition, the Social Democratic Party (PSD), told EURACTIV.com in an interview.