About: EU recovery fund

Economy & Jobs 03-08-2021

Portugal, Luxembourg, Belgium get first tranches of EU recovery funds

Portugal, Luxembourg and Belgium on Tuesday received their first tranches of money from the 800 billion euro ($950.8 billion) EU recovery fund aimed at helping them rebound from the pandemic and make their economies greener and more digitalised.
Economy & Jobs 30-07-2021

Europe leaves austerity behind with job-driven recovery

National recovery plans are expected to create at least 800,000 jobs by 2022 in the EU, thanks to additional public and private investment and planned reforms in member states, according to the European Commission.
Economy & Jobs 29-07-2021

Commission extends deadline to approve Hungarian recovery plan 

The European Commission and Hungary agreed to extend until end of September a deadline for Budapest to meet demands on its €7 billion recovery plan, the institution said on Thursday (29 July).
Economy & Jobs 26-07-2021

More than half of recovery plans approved, funds expected within days

EU finance ministers approved on Monday (26 July) the recovery plans of Croatia, Cyprus, Lithuania and Slovenia, bringing the total number of approvals to 16 out of the 27 member states.
Economy & Jobs 26-07-2021

Small businesses gain ground in sustainable recovery push

The EU’s recovery fund and new strategy on sustainable finance will expand the role small firms can play in building back the European economy in a sustainable manner, EU officials said.
Economy & Jobs 13-07-2021

EU unlocks first recovery funds amid growing Delta fears 

EU-27 finance ministers in the Ecofin Council approved on Tuesday (13 July) the first batch of twelve national recovery plans, paving the way for the first payments by the end of this month, as the spread of the Delta variant of COVID-19 across Europe increases the risk of new restrictions.
Economy & Jobs 29-06-2021

EU hands out first payments from COVID-19 war chest

The European Union on Monday (28 June) handed out the first cash from its huge COVID-19 recovery fund, in the form of grants to create jobs and support businesses in economies ravaged by the pandemic.
Economy & Jobs 24-06-2021

Tensions grow in France over recovery plan cohesion policy clash

Tensions are mounting in France over crossovers between the country's €100 billion plan to recover from the economic fallout of the pandemic and the European Union's cohesion policy, with regions complaining they have not been sufficiently consulted. 
24-06-2021

EU recovery plans will be a waste of time and money without transparency 

The lack of transparency requirements on the use of EU recovery funds risks generating corruption and undermining public support, argue Helen Darbishire and Karolis Granickas.
Economy & Jobs 23-06-2021

Cohesive recovery: where do structural funds fit in?

Cohesion, the EU’s €330 billion investment package, making up about a third of the bloc’s new seven-year budget, will focus on bringing about a smarter, greener and more connected Europe, closer to its citizens by 2027.  That’s a tall order...

The Green Brief: Building back better?

When the European Union prepared its response to the coronavirus pandemic in May last year, it promised one thing: to “build back better”. But national recovery plans show a gap between what EU countries are willing to do and what the Commission aimed for.

Recovery plans fall short of EU green spending goals, campaigners warn

As the European Commission starts endorsing national recovery plans submitted by EU countries, campaigners are growing concerned that the EU executive may not fully enforce the fund's green spending target.
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

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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...