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On 11 July 2023, the Council approved Slovakia's amended national recovery and resilience plan (NRRP, Plán obnovy) and allocated €6 408.5 million in grants for its implementation (Slovakia did not request loans). The allocation is €79.4 million higher than that initially approved (6 July 2021). The difference results from a 2022 update of the maximum financial contribution from the Recovery and Resilience Facility (RRF), which reflects changes in real gross domestic product (GDP) over time, and the ...

As the European Union's only directly elected institution, the European Parliament stands at the heart of European representative democracy, the foundation upon which the EU is built. Since its creation, the Parliament's powers have evolved significantly, and it is now a fully fledged legislative body and forum for discussion and engagement, whose influence is felt in virtually all areas of EU activity. This paper offers an overview of the European Parliament's main powers, demonstrating how they ...

In nominal terms, Poland is the third biggest beneficiary of the Recovery and Resilience Facility (RRF), after Italy and Spain. EU support for implementing Poland's amended National Recovery and Resilience Plan (NRRP) – Krajowy Plan Odbudowy – amounts to €59.8 billion, and includes €25.3 billion in grants and €34.5 billion in loans. The amount is €24.5 billion (+ 69 %) higher than the one initially approved and takes into account a 2022 update of the maximum financial contribution, additional loans ...

While supporting countries' recovery, resilience, future crisis preparedness, and improving their growth potential, the Recovery and Resilience Facility (RRF) has a clear role in promoting economic, social and territorial cohesion in the European Union. This role is emphasised by the legal basis used for establishing the Facility – Article 175 of the Treaty on the Functioning of the EU (TFEU) – the same article that underpins EU cohesion policy measures. One of the RRF's main objectives, or six pillars ...

The European Parliament is one of the key advocates of gender mainstreaming – including gender responsive budgeting (GRB) – in the European Union and its Member States. In addition, it has made significant efforts to implement gender mainstreaming in its own political, administrative and procedural processes. However, despite the commitments made at both political and administrative level, the principles of gender responsive budgeting are not yet fully reflected in the European Parliament's budget ...

The European Parliament started monitoring future shocks during the coronavirus crisis, and has continued to do so during Russia's unprecedented war on Ukraine. The annual 'Future Shocks' series reviews global risks, with a focus on specific risks and the capabilities and resilience of the EU system in the face of multiple challenges. It seeks to provide up-to-date, objective and authoritative information on these risks, based on risk literature from a broad range of sources. 'Future Shocks' includes ...

EU support for the implementation of Slovenia's National Recovery and Resilience Plan (NRRP) amounts to €2 482.3 million, and includes €1 776.9 million in grants and €705.4 million in loans. This amount should be committed by the end of 2023, and paid out to Slovenia by the end of 2026. While the overall allocation represents only 0.3 % of the total Recovery and Resilience Facility (RRF), it stood at 5.1 % of the country's gross domestic product (GDP) in 2019 (the RRF being 5.2 % of EU-27 GDP in ...

For the implementation of its National Recovery and Resilience Plan (NRRP), the Netherlands is set to receive €4 707.6 million in grants from the Recovery and Resilience Facility (RRF), the EU instrument to tackle the socio-economic consequences of the COVID-19 pandemic. This amount will almost entirely cover the total cost of the plan, estimated at €4 708.3 million. So far, the Netherlands has not requested any loans. The plan is relatively small compared with most Member States' plans. The value ...

The negative impact of the COVID-19 crisis on women's social and economic situation triggered a debate on the urgent need for a gender-sensitive policy response to the pandemic. In this context, the establishment of the Recovery and Resilience Facility (RRF) – the EU's biggest financial instrument supporting recovery in the Member States – is an opportunity to channel extraordinary resources toward measures that take into account the principles of gender equality. It is also a chance to put into ...

Offering an overview of the economic and budgetary situation in the EU and beyond, and summarising the main economic indicators in the EU and euro area and their two-year trends, this study is the sixth in an annual series of 'Outlooks' produced by the European Parliamentary Research Service (EPRS). In seven chapters, the authors of the publication explain and analyse the EU annual budget and give an overview of its headings for 2022, all within the wider budgetary context of the EU’s post-2020 Multiannual ...