Business activity in the euro zone grew strongly this month, only dipping from July's two-decade high monthly pace, as a rapid COVID-19 vaccination drive allowed more firms to reopen and customers to venture out, a survey showed.
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...
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.
French Economy Minister Bruno Le Maire and German Finance Minister Olaf Scholz unveiled their national recovery and resilience plan at a joint press conference Tuesday (27 April) ahead of the indicative 30 April deadline set by the European Commission.
An unprecedented alliance of Polish environmental NGOs and business associations denounce a lack of transparency and misleading signals in the energy transition. They are challenging the Polish prime minister to publish the national recovery plan as soon as possible and drive the transition to a climate neutral future, writes Marcin Korolec.
Lawmakers in the European Parliament voted to pass the EU's €672.5 recovery and resilience facility on Tuesday evening (9 February), unlocking unprecedented funding aimed at helping Europe "build back better" after the COVID-19 crisis.
The process of drafting national recovery plans under time pressure seems to be a handful for Visegrad countries. Frequent issues include a lack of stakeholder involvement, problems with streamlining different requests and ensuring transparency in the process.
The grants and loans provided to EU countries under the bloc’s €750 billion recovery plan will not automatically exclude funding for gas infrastructure or highways, as long as these are part of a coherent national decarbonisation strategy with clear milestones, EU officials have said.
Member states should include more specific milestones and targets and more ambitious reforms in their recovery plans to access the unprecedented stimulus package to combat the COVID pandemic, the European Commission warned on Tuesday (19 February).
Negotiations between the European Parliament and EU member states on the bloc's coronavirus recovery fund concluded early on Friday morning (18 December), unlocking €265 billion of the total €672.5 available for the green transition in EU countries.
The European Parliament will fight to loosen the conditionality required from national governments in order to receive money from the EU recovery fund, according to the negotiating position MEPs will adopt this week.
The environment committee in the European Parliament voted on Monday (12 October) to exclude fossil fuels from support under the EU’s €750 billion recovery fund intended to boost the bloc's economy in the wake of the coronavirus crisis.
The approval process for the EU’s €750 billion recovery funds may take longer than foreseen, and it would be optimistic to expect the first disbursements by mid-2021, an EU official said on Thursday (17 September).