NextGenerationEU | Tags | Econostrum | Economic News in the Mediterranean

European recovery instrument NextGenerationEU gets an additional €9bn

05/17/2022 | Society / Institutions

EU. The European Commission has been very successful in raising an additional €9bn under its NextGenerationEU stimulus instrument, bringing the total amount issued in 2022 alone to €40bn.

Africa, EU, European Commission, European Council, European Parliament, European Union, France, Germany, Italy, Johannes Hahn, Member States, Middle East, NextGenerationEU, obligation, United Kingdom

The European Commission pays €21 billion to Italy

04/14/2022 | Society / Institutions

ITALY. The European Commission has made a first payment of €21bn to Italy under the Recovery and Resilience Facility of the NextGenerationEU programme.

Council of the European Union, Covid-19, Economic and Financial Committee of the European Council, European Commission, European common debt, European Union, FRR, Italy, Member State, NextGenerationEU, Recovery and Resilience Facility, Recovery and Resilience Plan, Rome

The European Commission authorises the Portuguese State to recapitalise its development bank

04/12/2022 | Society / Institutions

PORTUGAL. The Portuguese economy will benefit from a €250m support measure to recapitalise the Portuguese Bank Banco Português de Fomento under the Recovery and Resilience Facility.

Banco Português de Fomento, BPF, Brussels, European Commission, InvestEU, Lisbon, NextGenerationEU, Portugal, Portuguese Development Bank, Portuguese economy

European Parliament and Council of the EU agree on the 2022 EU budget

11/16/2021 | Society / Institutions

EU. The European Parliament and the Council of the European Union agree on the European Union (EU) budget for 2022 proposed by the European Commission. Commitments reach €169.5bn and payments €170.6bn.

Afghanistan, CAP, Common Agricultural Policy, cooperation, Council of the European Union, EU, EU budget, Europe, European Commission, European Parliament, European Union, Horizon Europe, IVCDCI, Johannes Hahn, Member States, NextGenerationEU, Syria

The European Commission endorses French recovery and resilience plan

06/24/2021 | Society / Institutions

FRANCE. The European Commission has adopted France's National Recovery and Resilience Plan (NRRP) which will receive €39.4bn in loans and grants.

Covid-19, European Commission, France, National Recovery and Resilience Plan, NextGenerationEU, NRRP, Paolo Gentiloni, Paris, Valdis Dombrovskis

European Commission approves Italy's recovery plan

06/23/2021 | Society / Institutions

ITALY. After Portugal, Spain and Greece, the European Commission approves Italy's recovery and resilience plan and will finance €191.5bn of a total €222.1bn investment package.

Covid-19, economy Italy, European Commission, Italy, Mario Draghi, NextGenerationEU, Paolo Gentiloni, recovery, Recovery and Resilience Facility, resilience, Roma, RRF, Ursula von der Leyen

European Commission approves recovery plans for Portugal, Spain and Greece

06/17/2021 | Society / Institutions

EU. Measures against climate change are at the heart of the three recovery and resilience plans for Portugal, Spain and Greece, validated by the European Commission.

climate transition, Covid-19, digital transition, European Commission, FRR, Greece, NextGenerationEU, Paolo Gentiloni, Portugal, Recovery and Resilience Facility, recovery and resilience plans, Spain, Ursula von der Leyen, Valdis Dombrovskis

European Council endorses the use of a common debt issue

06/01/2021 | Society / Institutions

E.U.. The European Commission will be able to launch the process of issuing a common debt on the own resources of the twenty-seven Member States. A first.

António Costa, Covid-19, European Commission, European Council, European Union (EU), France, Italy, Next Generation EU, NextGenerationEU, pandemic, Portugal, Spain

Covid-19: EU releases an additional €286.5 million for France, Malta and Slovenia

05/26/2021 | Society / Institutions

FRANCE / MALTA / SLOVENIA. To combat the social and economic impact of the coronavirus crisis, the European Commission has approved the modification of five operational programmes in three Mediterranean countries for an amount of €286.5 million.

coronavirus crisis, Covid-19, EDF, employment, European Commission, European Fund to Assist the Most Deprived, European funds, European Social Fund ESF, European Union (EU), France, Malta, NextGenerationEU, REACT-EU, Slovenia, unemployment

Spain invests €1.55bn to convert to green hydrogen

05/25/2021 | Environment

SPAIN. Spain is to invest €1.55 billion to support the production of green hydrogen and make the country the main European industrial hub for the sector thanks to public-private partnerships.

Castilla y León, Covid-19, Cummins, energy, energy transition, European Green Deal, green economy, hydrogen, Iberdrola, Ignacio Galán, NextGenerationEU, Pedro Sánchez, public-private partnership, renewable energy, renewable energy Spain, Spain, Tom Linebarger

Portugal, first Member State to present its recovery plan to the European Commission

04/22/2021 | Society / Institutions

PORTUGAL. Lisbon is the first capital of the European Union to officially present its recovery and resilience plan (RRP) to the European Commission, which must validate it.

14 bn extra funding to help European countries in their recovery

01/27/2021 | Society / Institutions

EU. The European Commission has issued €14bn worth of social bonds under the SURE instrument developed by the European Union to help eighteen Member States protect jobs and employees from the consequences of the health crisis.

coronavirus crisis, Croatia, Cyprus, European Commission, European Union (EU), Greece, Italy, Johannes Hahn, Malta, NextGenerationEU, Portugal, Slovenia, social obligations, Spain, SURE, unemployment

The Italian government adopts a €223bn recovery plan controversial by part of its majority

01/13/2021 | Society / Institutions

ITALY. Giuseppe Conte has decided to play double or nothing by adopting a National Recovery and Resilience Plan worth €210bn to which €13bn of React-EU loans have been added, making a total of €222.9bn in loans.

Brussels, Elena Bonetti, European Stability Mechanism, European Union (EU), Five Star Movement, Giuseppe Conte, Italia Viva, Italy, IV, M5S, Matteo Renzi, MES, National Recovery and Resilience Plan, NextGenerationEU, NRPR, React EU, Roberto Gualtieri, Rome, Teresa Bellanova

750 bn of EU funds to make Member States resilient

11/17/2020 | Society / Institutions

EU. The joint debt of EU Member States will help finance national recovery plans, which are tools for resilience in the face of the economic and social crisis caused by the coronavirus. It opens a new era. The future multi-annual financial framework proposed by the European Commission and now supported by the European Council and the European Parliament.

Ursula von der Leyen unveils the European Commission's priorities for 2021

09/16/2020 | Society / Institutions

EU. Ursula von der Leyen, President of the European Commission, focused her first EU speech since her appointment on the EU's response to the health and economic crisis and the Green Pact.

European Commission calls for €750bn post-Covid recovery fund

05/27/2020 | Society / Institutions

EUROPEAN UNION. The European Commission plans to borrow €750bn between 2021 and 2024 and pay it back in grants (€500bn) and loans (€250bn) to Member States to help them tackle the economic consequences of Covid-19.