This article is brought to you in association with the European Commission. The European Commission and the Palestinian Authority have signed a Letter of Intent which sets out a strategy for addressing the critical budgetary and fiscal situation of the Palestinian Authority and the Palestinian economy, whose structural vulnerabilities have been exacerbated by the consequences of […]The European Commission and the Palestinian Authority agree on emergency financial support and the principles for a recovery and resilience programme
July 22, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission and the Palestinian Authority have signed a Letter of Intent which sets out a strategy for addressing the critical budgetary and fiscal situation of the Palestinian Authority and the Palestinian economy, whose structural vulnerabilities have been exacerbated by the consequences of […]Commission takes step towards lifting suspension of payments of €714 million for Portugal and €37.2 million for Romania under the Recovery and Resilience Facility
June 25, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has adopted two decisions today, issuing a positive preliminary assessment to lift the suspension of payment of €714 million to Portugal, and €37.2 million to Romania (net of pre-financing), after acknowledging the progress made in implementing their respective recovery and resilience […]Updated Ukraine Recovery and Reconstruction Needs Assessment Released
February 15, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. After almost two years of Russia’s full scale invasion of Ukraine, an updated joint Rapid Damage and Needs Assessment (RDNA3) released today by the Government of Ukraine, the World Bank Group, the European Commission, and the United Nations currently estimates that as of 31 […]Commission signs €400 million agreement with Türkiye to support its recovery after the 2023 earthquakes
February 8, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission signed an agreement with Türkiye on a €400 million grant from the European Union Solidarity Fund (EUSF) to finance post-disaster recovery operations after the devastating earthquakes that hit the country in early 2023. The signing of the agreement took place in Brussels, between Commissioner for […]Protecting jobs and workers: Final report confirms SURE was crucial in mitigating impact of pandemic and supporting recovery
June 5, 2023 by Leave a Comment
This article is brought to you in association with the European Commission. In 2020, the Commission´s nearly €100 billion SURE instrument designed to protect jobs and incomes affected by the COVID-19 pandemic supported about 31.5 million employees and self-employed people and over 2.5 million businesses. SURE effectively encouraged Member States to set up wide-ranging and ambitious […]US and German GDP show consumers are central to recovery, and other economy stories you need to read this week
May 29, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum./ Author: Gabi Thesing, Senior Writer, Forum Agenda 1. Revised US and German growth data shows consumers hold key to recovery The US economy grew more than previously reported in the first quarter thanks to stronger consumer spending, while revised estimates […]US and German GDP show consumers are central to recovery, and other economy stories you need to read this week
May 26, 2023 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Gabi Thesing, Senior Writer, Forum Agenda 1. Revised US and German growth data shows consumers hold key to recovery The US economy grew more than previously reported in the first quarter thanks to stronger consumer spending, while revised estimates […]Updated Ukraine Recovery and Reconstruction Needs Assessment
March 24, 2023 by Leave a Comment
This article is brought to you in association with the European Commission. A new joint assessment released today by the Government of Ukraine, the World Bank Group, the European Commission, and the United Nations, estimates that the cost of reconstruction and recovery in Ukraine has grown to US $411 billion (equivalent of €383 billion). The estimate […]Recovery and resilience plans: Commission must tighten checks and oversight
March 22, 2023 by Leave a Comment
This article is brought to you in association with the European Parliament. The Budgetary Control Committee recommended signing off the Commission’s budget, while voicing concerns on the limited options to check the use of recovery funding. By 19 votes in favour to six against, the Budgetary Control Committee recommended on Wednesday that Parliament grants discharge to […]Ukraine: Donor Coordination Platform in support of Ukraine’s repair, recovery and reconstruction kick-starts work
January 26, 2023 by Leave a Comment
This article is brought to you in association with the European Commission. The Multi-agency Donor Coordination Platform to support Ukraine’s repair, recovery and reconstruction process has been launched today. It will allow for close coordination among international donors and international financial organisations and will ensure that support is provided in a coherent, transparent, and accountable manner. […]MEPs adopt EU budget 2023: focus on Ukraine, energy and recovery
November 24, 2022 by Leave a Comment
This article is brought to you in association with the European Parliament. For next year’s EU budget, MEPs secured better and more effective support for addressing the consequences of the war in Ukraine and the pandemic recovery process. In a deal with member states on Monday, 14 November, Parliament obtained €1.05 billion for its priorities on […]Boosting Africa’s commercial aviation sector, a sure route to recovery
July 21, 2022 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Hassan El-Houry, Group CEO, National Aviation Services Commercial aviation generates $6 of related economic activity for every $1 value created, providing African leaders with an opportunity to bolster economic recovery once it overcomes the aviation gap in the […]A sustainable path to lasting recovery for Small Island Developing States lies in the ocean and the building of a robust blue economy
June 29, 2022 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Shiri Krishna Gounder, Permanent Secretary for Ministry of Economy, Government of Fiji Reliant on tourism and trade, Small Island Developing States (SIDS) were among the hardest hit globally by the economic impact of COVID-19.Fiji and other SIDS could […]How Africa’s free trade area is an opportunity for recovery and development
May 26, 2022 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Chido Munyati, Head of Regional Agenda, Africa, World Economic Forum Sub-Saharan Africa has been hard hit by the pandemic – 39 million more people have since fallen into poverty.With rising energy and food prices the region needs to […]Will digital services remain in the vanguard of the global trade recovery?
February 8, 2022 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Johannes Fritz, Chief Executive Officer, St.Gallen Endowment for Prosperity through Trade & Simon Evenett, Founder, St.Gallen Endowment for Prosperity through Trade As rising shipping costs crimp trade in goods, trade’s contribution to the pandemic economic recovery is ever […]EU Budget 2022 deal: investing more for a strong recovery
November 16, 2021 by Leave a Comment
This article is brought to you in association with the European Parliament. MEPs have fought for and obtained better support for health, research, climate action, SMEs and the young in next year’s EU budget, after talks with Council on Monday. On Monday evening, the negotiators from the European Parliament and the Council reached a provisional agreement […]NextGenerationEU: Bulgaria submits official recovery and resilience plan
October 15, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has today received an official recovery and resilience plan from Bulgaria. This plan sets out the reforms and public investment projects that Bulgaria plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is at the heart […]2022 EU budget: MEPs demand the focus must be on COVID-19 crisis recovery
September 28, 2021 by Leave a Comment
This article is brought to you in association with the European Parliament. The Budget Committee wants to boost the pandemic recovery process and lay the foundations for a more resilient EU. The Committee on Budgets adopted, in a vote on Tuesday, their position on the 2022 EU budget. In doing so they restored appropriations on all […]NextGenerationEU: European Commission endorses Romania’s €29.2 billion recovery and resilience plan
September 28, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today adopted a positive assessment of Romania’s recovery and resilience plan, an important step towards the EU disbursing €14.2 billion in grants and €14.9 billion in loans to Romania under the Recovery and Resilience Facility (RRF). This financing will support […]NextGenerationEU: Fourth bond issuance maintains strong momentum for EU borrowing for recovery
September 15, 2021 by Leave a Comment
This article is brought to you in association with the European Parliament. The European Commission has today raised a further €9 billion to support Europe’s recovery from the coronavirus crisis and its consequences, through the fourth NextGenerationEU bond issuance since the start of the programme in mid-June. The European Commission issued a 7-year bond due on […]We urgently need to kickstart tourism’s recovery but crisis offers an opportunity to rethink it
August 3, 2021 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Isabelle Durant, Acting Secretary-General, UNCTAD With vaccination advancing in most developed economies, we would have expected the tourism situation today to be significantly better than this time last year. Sadly, it is not.Less than 10 years away from […]NextGenerationEU: European Commission endorses Slovenia’s €2.5 billion recovery and resilience plan
July 2, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today adopted a positive assessment of Slovenia’s recovery and resilience plan, a key step paving the way for the EU to disburse €1.8 billion in grants and €705 million in loans under the Recovery and Resilience Facility (RRF). This financing […]World leaders must put women at centre of COVID-19 recovery
June 11, 2021 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Phumzile Mlambo-Ngcuka, Undersecretary-General and Executive Director, United Nations Entity for Gender Equality and the Empowerment of Women (UN WOMEN) The COVID-19 pandemic has exacerbated the economic gender divide around the world. As G7 leaders meet this week, they […]EU budget 2022: Speeding up Europe’s recovery and progressing towards a green, digital and resilient future
June 9, 2021 by Leave a Comment
This article is brought to you in association with the European Parliament. The Commission has today proposed an annual EU budget of €167.8 billion for 2022, to be complemented by an estimated €143.5 billion in grants under NextGenerationEU. Their combined firepower will mobilise significant investments to boost the economic recovery, safeguard sustainability, and create jobs. It […]European Semester Spring Package: Paving the way for a strong and sustainable recovery
June 2, 2021 by 1 Comment
This article is brought to you in association with the European Commission. The European Commission has today presented the European Semester Spring Package, which focuses on providing fiscal guidance to Member States as they continue the process of gradually reopening their economies. This guidance aims to help Member States strengthen their economic recoveries, making the best […]Gender equality, sustainability and social justice: A roadmap for recovery
May 31, 2021 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Laura Turquet, Policy Advisor and Deputy Chief of Research and Data, UN Women The pandemic has exacerbated gender inequalities, left women more vulnerable to jobs losses and increased their unpaid care work.According to UN Women’s projections 47 million […]Recovery and Resilience Facility: Finland submits official recovery and resilience plan
May 28, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has received an official recovery and resilience plan from Finland. This plan sets out the reforms and public investment projects that Finland plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is the key instrument at […]Creative Europe: Over €2 billion to support the recovery, resilience and diversity of cultural and creative sectors
May 26, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has today launched new actions to support the cultural and creative sectors in Europe and beyond, following the adoption of the work programme for the first year of the Creative Europe 2021-2027 programme. In 2021, Creative Europe will allocate an unprecedented budget […]Recovery and Resilience Facility: Croatia and Lithuania submit official recovery and resilience plans
May 17, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has received official recovery and resilience plans from Croatia and Lithuania. These plans set out the reforms and public investment projects that each Member State plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is the […]Recovery and Resilience Facility: Hungary submits official recovery and resilience plan
May 12, 2021 by 1 Comment
This article is brought to you in association with the European Commission. The Commission has received an official recovery and resilience plan from Hungary. This plan sets out the reforms and investment projects that Hungary plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF is the key instrument at the […]Recovery and Resilience Facility: Belgium, Italy, Austria, and Slovenia submit official recovery and resilience plans
May 3, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has received official recovery and resilience plans from Belgium, Italy, Austria, and Slovenia. These plans set out the reforms and public investment projects that each Member State plans to implement with the support of the Recovery and Resilience Facility (RRF). The RRF […]5 key lessons for energy transition from COVID-19 recovery
April 21, 2021 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Harsh Vijay Singh, Project Lead, System Initiative on Shaping the Future of Energy, World Economic Forum Geneva & Pedro Gomez, Head of Oil and Gas Industry and Partnering Against Corruption Initiative (PACI), World Economic Forum The world has […]NextGenerationEU: Commission gets ready to raise up to €800 billion to fund the recovery
April 14, 2021 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has today taken steps to ensure that borrowing under the temporary recovery instrument NextGenerationEU will be financed on the most advantageous terms for EU Member States and their citizens. The Commission will use a diversified funding strategy to raise up to around […]
