The framework proposal was immediately followed by legislative proposals for the 37 sectoral programmes (e.g. And most importantly, this is the right deal for Europe, right now. The recovery plan can help kick-start Europe's economy after the Covid-19 crisis, and it can at the same time boost Europe's sustainability and climate action. Multiannual financial framework for 2021-2027 adopted (press release, 17 December 2020) 17 December. €390 billion grants; €360 billion loans; Capital raised on financial markets. The money for Next Generation EU will be raised through the temporary lift of the own resources ceiling to 2% of EU Gross National Income. It is the foundation of all the programmes and investments which will allow the EU to overcome the crisis, create jobs and build a sustainable economy for future generations. The other amounts are top-ups to programmes funded under the multiannual financial framework. With a financial envelope of €672.5 billion (2018 prices), the facility is the centrepiece of the Next Generation EU recovery instrument. Post-COVID-19 Europe will be greener, more digital, more resilient and better fit for the current and forthcoming challenges. The decisions follow the European Council meeting on 10-11 December, as a result of which all member states could support the package. The conclusions aim to strike a balance between an ambitious approach and the need to consider a broad range of issues, including the different starting points of Member States, when implementing the various actions foreseen in the circular economy plan. EU environment and climate ministers held a policy debate on the contribution of environmental and climate policies to the recovery from the COVID-19 pandemic. The first and hardest hit country in the European Union was Italy, immediately settling the contaminated zones in lockdown, putting health concerns over financial concerns. European Agricultural Fund for Rural Development: contributions from the Member States based on value added tax (VAT), contributions based on gross national income (GNI). Committees and working parties handle the preparatory work on files before they are discussed at Council meetings. The political agreement will be formalised by the Permanent Representatives Committee as a mandate for negotiations with the European Parliament. The Council of the EU is the institution representing the member states' governments. The new long-term budget will increase flexibility mechanisms to guarantee it has the capacity to address unforeseen needs. The €672.5 billion facility is at the heart of the EU's extraordinary recovery effort, Next Generation EU (NGEU): the €750 billion plan agreed by EU leaders in July 2020. During the informal video conference, ministers held a policy debate on how the Recovery and Resilience Facility (RRF) can contribute to the further development of the European Research Area (ERA). Find out more about documents and publications. Following the European Parliament's consent on 16 December 2020, the Council adopted the regulation laying down the EU's multiannual financial framework (MFF) for 2021-2027. To get more information about these cookies, how and why we use them and how you can change your settings, check our cookies policy page. Related payments will be made by 31 December 2026. This is a strong deal. Ministers reached a political agreement on the Recovery and Resilience Facility, the main instrument of the €750 billion recovery package negotiated by EU leaders at their meeting on 17-21 July. Infographic - Proposal for an EU recovery plan – key features. "NEXT GENERATION EU” Tuesday, March 30, at 10 pm, the fourth meeting of Lessons of Europe 2021 will take place, where the main features of the plan for the recovery of the European Union, officially known as the Next Generation EU. The General Secretariat of the Council is a body of staff responsible for assisting the European Council and the Council of the EU. They stressed the need to: On 27 May 2020, the European Commission issued its proposal for a recovery fund and an updated EU long term budget, the multiannual financial framework (MFF) for 2021-2027. The provisional agreement will now be submitted to both institutions for endorsement. European Council president Charles Michel and European Commission President Ursula von der Leyen presented a joint roadmap for recovery. The Council welcomed the long-term action plan and communication on barriers to the single market, presented as part of the European Commission's industrial strategy package of March 2020. European Council President Charles Michel presented his new proposal for the long-term EU budget and the recovery package, the so-called negobox. Next Generation EU: Europe’s recovery plan is based on innovation. The EU will use the funds borrowed for the sole purpose of addressing the consequences of the COVID-19 crisis, via the Next Generation EU (NGEU) recovery effort. NextGenerationEU is a €750 billion temporary recovery instrument to help repair the immediate economic and social damage brought about by the coronavirus pandemic. EUR, der skal bidrage til opbygningen af et grønnere, mere digitalt og mere modstandsdygtigt Europa), (EU-Haushalt: Europäische Kommission begrüßt Einigung über ein Paket von 1,8 Billionen EUR zum Aufbau eines grüneren, digitaleren und widerstandsfähigeren Europa), (ELi eelarve: Euroopa Komisjon tunneb heameelt kokkulepe üle, millega eraldatakse 1,8 triljonit eurot keskkonnahoidlikuma, digitaalsema ja vastupanuvõimelisema Euroopa ülesehitamiseks), (Προϋπολογισμός της ΕΕ: Η Ευρωπαϊκή Επιτροπή χαιρετίζει τη σύναψη συμφωνίας σχετικά με δέσμη ύψους 1,8 τρισ. These were, of course, difficult negotiations in very difficult times for all Europeans. More than 50% of the amount will support modernisation, for example through: In addition, the package pays attention to, All amounts in € billion, in constant 2018 prices. Table 1 . Ministers also discussed policy priorities for the eurozone in the context of the recovery. A European instrument to counter the impact of the coronavirus pandemic . For the Commission to start borrowing under NextGenerationEU, thus making the instrument operational, the ratification of the new Own Resources Decision by all Member States in line with their constitutional requirements is still needed. The COVID-19 pandemic has tested our societies and economies in unprecedented ways. The President of the European Council issued a statement indicating he would consult with member states ahead of the next European Council scheduled for 19 June. Ministers  stressed that the COVID-19 pandemic has revealed the importance of research and innovation in the fight against the current health and economic crisis, as well as its potential to prevent vulnerabilities in future crises. The positive assessment of payment requests will be subject to the satisfactory fulfilment of the relevant milestones and targets. Infographic - Next Generation EU – COVID-19 recovery package. The proposal can now be negotiated between the European Parliament and the Council, the EU’s co-legislators. We will use this data to improve your experience on our website. On March 2020 Europe was struck by its first wave of covid-19 epidemic, which originated in china. The EU’s long-term budget is at the heart of the recovery plan for Europe. It was subsequently taken forward as a key priority in the Council. Una rete per ricercare e formulare nuovi modelli economici ai quali accompagnare concrete proposte di cambiamento che possano essere adottate da tutti. Quando arriveranno i soldi? Significant because the effects of the crisis are far-reaching. A marathon which ended in success for all 27 member states, but especially for the people. Infographic - Recovery and Resilience Facility. Certain cookies are used to obtain aggregated statistics about website visits to help us constantly improve the site and better serve your needs. The Council approved conclusions aiming at providing comprehensive political guidance on the broad range of actions foreseen in the circular economy action plan, adopted by the Commission. It will be a greener, more digital and more resilient Europe. Ministers held a policy debate on how national recovery and resilience plans can best be used as an instrument for delivering on industrial policy goals by strengthening: Ministers broadly agreed that the Competitiveness Council should play a prominent role in the implementation of the Recovery and Resilience Facility and that it should provide coordination and guidance in the investments to be made. It put in place immediate measures to mobilise the EU budget and enable maximum flexibility in the application of budget and state aid rules. The budget of the new programme is expected to be about 25 times higher than the current Health programme (worth about €450 million for the period 2014-2020). It consists of the heads of state or government of the member states, together with its President and the President of the Commission. They discussed the relation of the European Semester with the recovery plan, as well as the assessment of national investment and reform needs. The Council adopted on 11 February 2021 the regulation establishing the Recovery and Resilience Facility (RRF). It will also help transform the EU through its major policies, particularly the European Green Deal, the digital revolution and resilience. The repayment will be scheduled until 31 December 2058. Press officers speak 'off the record' about the Council's activities. The conclusions highlight the role of the circular economy in the recovery from COVID-19 and make a link to digitalisation, underlining its importance for achieving the full potential of the circular economy. This additional funding, which is part of the EU's recovery effort, Next Generation EU (NGEU), will be available over two years: REACT-EU, which stands for Recovery Assistance for Cohesion and the Territories of Europe, is intended primarily to support health services, jobs and small and medium-sized enterprises while stimulating the twin green and digital transitions. Exception to the budgetary principle of universality, assigned revenues flatten at 10.5 % in last years. The European Council brings together EU leaders at least four times a year. 249 likes. Repayment period until 2058. The Council of the EU meets in different configurations depending on the topic discussed. Projectes Next Generation EU Apartat de la fitxa Objectius Documents de la Comissió Europea 1. Source: Conclusions of the European Council of 21 July 2020. They can not only spur economic activity but also accelerate the green and digital transitions and strengthen the resilience of our economy. We want to build a modern, clean and healthy economy, which will help to secure the livelihoods of the next generations. Total: €750 billion. Next Generation EU will give the EU budget the additional firepower necessary to respond decisively to the most urgent challenges. The European Commission will start committing the funds under the next Multiannual Financial Framework (the EU long-term budget) as of 1 January 2021, following the adoption of the relevant sector-specific rules as well as of the annual budget for 2021 by the European Parliament and the Council. Next Generation EU Club. The headquarters of the Council of the EU and the European Council are located in Brussels (Belgium). This proposal will serve as a basis for the leaders’ discussions at the Special European Council on 17-18 July 2020. Spain expects to receive €140 billion, €72 billion of which are non-repayable, from Next Generation EU, a recovery plan endowed with €750 billion approved by the European Council in the peak of the ‌Covid-19 pandemic.‌ ‌In‌ ‌this‌ ‌article‌ ‌we‌ outline how these funds will be structured. Focused because it must target the regions and sectors that are most hit by the crisis. The concentration of cuts on centralised programmes has allowed … For the Commission to start borrowing, all Member  States must ratify the new Own Resources Decision in line with their constitutional requirements. This assessment should be included a report to be presented by 15 January 2021. Other cookies are used to boost performance and guarantee security of the website. It requested the Commission to assess the resilience of the single market drawing lessons from the COVID-19 crisis. The EU institutions can now finalise the procedures for the adoption of the multiannual financial framework for 2021-2027 and the recovery package. If you don’t see the video correctly, use Chrome, it’s an HTML5 broadcast. EU leaders discussed via video conference the 2021-2027 EU budget and a recovery plan to respond to the COVID-19 crisis. The Next Generation EU (NGEU) recovery response to the Covid-19 crisis, one of the most ambitious EU integration projects so far, risks foundering over differences of procedure that ought to guarantee the link between observing the rule of law and disbursing EU funds. 10h30 Next Generation EU for sustainable and resilient regional tourism _ Laurent de Mercey, DG REGIO. Next Generation EU with a total amount of EUR 750 bn, as well as targeted reinforcements to the long-term EU budget for 2021-2027, will bring the total financial firepower of the EU budget to EUR 1.85 trillion. In 2021, contributions from “Next Generation EU” are planned to provide an additional EUR 211.3 billion of assigned revenue. In parallel, the Council would analyse and assess the proposal. It takes the form a large European loan amounting to 750 billion euros. The funds will help member states address the economic and social impact of the COVID-19 pandemic whilst ensuring that their economies undertake the green and digital transitions, becoming more sustainable and resilient. NextGenerationEU will also bring additional money to other European programmes or funds such as Horizon2020, InvestEU, rural development or the Just Transition Fund (JTF). Three-quarters of Next Generation EU payments will have to wait until 2023. Still, the EGD means first of all raising not only public but private investment – it will not all be coming from the EU budget. The new Recovery and Resilience Facility (RRF) represents the bulk of the Next Generation EU effort: close to 90% of the total envelope. Read more about the role of the European Council, EU recovery package: Council adopts Recovery and Resilience Facility (press release, 11 February 2021), COVID-19: the EU's response to the economic fallout (background information), Recovery plan for Europe (European Commission), Special European Council, 17-21 July 2020, EU long-term budget for 2021-2027 (background information), Informal video conference of research ministers, 26 February 2021, Informal video conference of internal market and industry ministers, 25 February 2021, Recovery and Resilience Facility: Council presidency and Parliament reach provisional agreement (press release, 18 December 2020), Multiannual financial framework for 2021-2027 adopted (press release, 17 December 2020), Council approves conclusions on making the recovery circular and green (press release, 17 December 2020), Next multiannual financial framework and recovery package: Council moves to finalise adoption (press release, 14 December 2020), Presidency and Parliament reach political agreement on REACT-EU (press release 18 November 2020), MFF and recovery package: Council presidency reaches political agreement with the European Parliament (press release, 10 November 2020), Capital Markets Recovery Package: Council agrees its position (press release, 21 October 2020), Council agrees position on the Recovery and Resilience Facility (press release, 9 October 2020), Video conference of economics and finance ministers, 6 October 2020, Video conference of the Eurogroup, 5 October 2020, Council sets priorities for future Single Market policy in the post COVID-19 era (press release, 21 September 2020), European industrial strategy (European Commission), President Charles Michel presents his proposal for the MFF and the recovery package, 10 July 2020, Video conference of environment ministers, 23 June 2020, Video conference of the members of the European Council, 19 June 2020, Long-term EU budget 2021-2027 (background information), Video conference of ministers of health, 12 June 2020, Video conference of economics and finance ministers, 9 June 2020, European Semester (background information), Charles Michel on the recovery fund and EU budget (press release, 27 May 2020), Conclusions of the President of the European Council following the video conference of the members of the European Council, 23 April 2020, Invitation letter by President Charles Michel to the members of the European Council ahead of their video conference on 23 April 2020, A joint roadmap for recovery, 21 April 2020, smart, sustainable and inclusive growth and jobs, policies for the next generation, including education and skills, Recovery and Resilience Facility: €672.5 billion, general eligibility rules for the national recovery and resilience plans, the assessment criteria used by the Commission, help EU companies raise capital on public markets, fostering the European development of the, making use of digital technologies to reach the ambitious. As Next Generation EU will be funded through EU issuance, it would have been a powerful signal for European integration going forward if some of that issuance had gone towards EU-level long-term programmes – as this could have increased the chance of bridging Next Generation into a permanent framework. On 9 April 2020, the Eurogroup put forward a €540 billion emergency support package for jobs and workers, businesses and member states. The European Council is the EU institution that defines the general political direction and priorities of the European Union. Follow the latest developments on policy-making and on legislation under negotiation. The recovery and resilience plans shall be assessed by the Commission within two months of the submission based on a set of criteria, including: The assessment of the recovery and resilience plans shall be approved by the Council, by qualified majority on a Commission proposal. The recovery effort (...) is significant, focused and limited in time. NGEU will be channelled through seven programmes in the form of loans (€360 billion) and grants (€390 billion): Legal commitments will be made by 31 December 2023. In order to receive support from the Recovery and Resilience Facility, EU countries plans are asked to set out a coherent package of projects, reforms and investments in six policy areas: EU countries have until 30 April 2021, as a rule, to submit their national recovery and resilience plans setting out their reform and investment agendas until 2026. EU heads of state or government reached a political agreement on the package. Descriure la situació inicial a partir de la qual s’avaluarà l’impate del projecte. Next Generation EU is intended to finance the national recovery plans implemented by the 27 EU Member States to face the pandemic crisis. The Commission relies on the commitment of Member States to proceed as quickly as possible, in the interest of all EU citizens. The package contains targeted amendments to the EU capital market rules to: The Commission presented the package on 24 July 2020 as part of the EU's overall coronavirus recovery strategy. Gradually, also other Member States entered in the first stage of the pandemic and on 17 March 2020 all the member states had reported cases of covid-19. The German Presidency of the Council and the European Parliament reached a political agreement on REACT-EU, an emergency legislative initiative to release €47.5 billion through the structural funds to the member states and regions hardest hit by the COVID-19 pandemic. Early responses were different depending on the country, most member states in the … Next Generation EU . On 10 November 2020, the European Parliament and the Council reached an agreement on the package. It was clear that the recovery would require a joint effort at EU level: EU leaders decided to work towards establishing a recovery fund. The public health emergency rapidly turned into the most drastic economic crisis in the EU's history. During the video conference of the members of the European Council, EU leaders decided to work towards establishing a recovery fund. A total of €1.8 trillion will help rebuild a post-COVID-19 Europe. Moreover, it was widely acknowledged that research and innovation are crucial in achieving the green and digital transitions. The €672.5 billion facility will be disbursed as: For grants, 70% will be committed in the years 2021 and 2022, based on the following criteria: The remaining 30% will be fully committed by the end of 2023, based on other criteria: Member states will prepare national recovery and resilience plans setting out their reform and investment agenda for the years 2021-23. The Eurogroup will continue to lead the euro area economy towards an inclusive recovery that benefits all citizens and to work on the strengthening of the Economic and Monetary Union. It is a new initiative that continues and extends the crisis response and crisis repair measures delivered through the. This is a good deal. The framework proposal was immediately followed by legislative proposals for the 37 sectoral programmes (e.g. Find open and upcoming calls for funding proposals, get background information on funding processes and programmes, and apply online. The agreement complements the financial package of €1 824.3 billion negotiated by EU leaders in July, which combines the next multiannual financial framework – €1 074.3 billion – and a €750 billion temporary recovery instrument, Next Generation EU (in 2018 prices). This will allow the Commission to use its strong credit rating to borrow €750 billion on the financial markets. In contrast, estimating member states’ contributions to the repayment of EU debt (which will be issued to finance NGEU spending) is … finalise the adoption of the MFF Regulation and the Own Resources Decision, Council decided to adopt the next long-term EU budget, agreement on the Recovery and Resilience Facility, Commission disburses further €13 billion under SURE to six Member States, The European Commission appoints a new Head of Representation in Ireland, Commission disburses further €9 billion under SURE to seven Member States, EU young translator contest ʻJuvenes Translatoresʼ – 27 winners across Europe, Recovery from coronavirus: success stories, Aid, Development cooperation, Fundamental rights, About the European Commission's web presence, Follow the European Commission on social media, research and innovation, via Horizon Europe, fair climate and digital transitions, via the Just Transition Fund and the Digital Europe Programme, preparedness, recovery and resilience, via the Recovery and Resilience Facility, rescEU and a new health programme, EU4Health, modernising traditional policies such as cohesion and the common agricultural policy, to maximise their contribution to the Union's priorities, fighting climate change, with 30% of the EU funds, the highest share ever of the European budget, biodiversity protection and gender equality, a financial contribution linked to the corporate sector, Recovery Assistance for Cohesion and the Territories of Europe (REACT-EU): NextGenerationEU also includes €47.5 billion for REACT-EU. This fund shall be of a sufficient magnitude, targeted towards the sectors and geographical parts of Europe most affected, and be dedicated to dealing with this unprecedented crisis. EU expenditure for 2021-2027. The deal will be submitted to member states for endorsement together with the other elements of the next multiannual financial framework and recovery package. We use cookies in order to ensure that you can get the best browsing experience possible on the Council website. Research and innovation spearhead efforts towards economic recovery from the COVID-19 crisis. Ministers broadly welcomed the new EU4Health programme and its objectives. The proposal, a recovery plan for Europe, was presented by the European Commission on 27 May 2020. The Commission will put forward proposals by June 2021 on sources of revenue linked to: By June 2024, the Commission will propose new sources of revenue, such as: Sources of revenue for the 2021-2027 EU budget. The provisional agreement covers a number of elements, including: At least 37% of each plan’s allocation has to support the green transition and at least 20% the digital transformation. On November 8, Mandiner learned that Viktor Orbán had written letters to key players in the European Union informing them of his intention to veto the European budget for the period 2021-2027 as well as the “Next Generation EU” program if the proposal on the rule of law, financial assistance, and conditionality is passed. Together with the Next Generation EU recovery instrument of €750 billion, it will allow the EU to provide an unprecedented €1.8 trillion of funding over the coming years to support recovery from the COVID-19 pandemic and the EU's long-term priorities across different policy areas. 10h45 Tourism in the Interreg MED Programme 2021-2027 _ Pascale Lagaye, Interreg MED Joint Secretariat. The estimation of payments from the European Union’s COVID-19 economic recovery fund, Next Generation EU (NGEU), to each EU country in 2021-2026 involves uncertainties, yet the overall magnitudes can be estimated with a reasonable degree of precision. They stressed the need for coordination between member states before establishing temporary control measures at the internal borders within the EU. The German presidency of the Council reached a political agreement with the European Parliament’s negotiators in talks aimed at securing the Parliament's consent to the next multiannual financial framework, the EU’s long-term budget. Member states' ambassadors to the EU agreed the Council's position on the Capital Markets Recovery Package. Meeting physically in Brussels, EU leaders agreed on a €750 billion recovery effort to help the EU tackle the crisis caused by the COVID-19 pandemic and on a €1074 billion long-term EU budget for 2021-2027. With the regard to the recovery plan, the package agreed with the Parliament foresees greater involvement of the budgetary authority in the oversight of revenue under Next Generation EU. Quali sono le procedure? Investing in a green, digital and resilient EU. Next Generation EU. The document set out principles and identified four key areas for action to overcome the crisis and move forward. The Commission working document concerning the new Next Generation EU (NGEU) recovery instrument (1) refers to funding allocation key (p. 51) for an amount of EUR 750 billion. It was the first in-person summit of EU leaders since the outbreak of the pandemic. Concretely, this means: repairing the damage caused by COVID-19, reforming our economies, remodelling our societies. The socio-economic impact of the coronavirus pandemic across the European Union (EU) is posing significant challenges, not least to the good functioning of the single market and the euro area. The exceptional nature of the economic and social situation due to the COVID-19 crisis requires exceptional measures to support the recovery and resilience of the economies of the Member States. Leaders also agreed that 30% of the total expenditure from the MFF and Next Generation EU would target climate-related projects. NEXT GENERATION EU A1. In the emergency European Recovery Instrument, “Next Generation EU”, put forward by the Commission EUR 500 billion are external assigned revenue. It was stressed that a well-functioning Single Market and fair competition are the main preconditions for Europe to come out stronger and more resilient from the COVID-19 crisis. The EU’s long-term budget, coupled with NextGenerationEU, the temporary instrument designed to boost the recovery, will be the largest stimulus package ever financed through the EU budget. The press office is the first point of contact for all media requests. Learn about the tendering process and opportunities for doing business with the European Commission. To finance the recovery, the EU will borrow on the markets at more favourable rates than many Member States and redistribute the amounts. On 21 July 2020, EU heads of state or government reached a political agreement on the package. Member states’ EU ambassadors agreed the Council’s position on the Recovery and Resilience Facility. The EU long-term budget will continue to be financed through the well-known revenue sources of the EU budget: In addition, as of 1 January 2021, a new national contribution based on non-recycled plastic packaging waste will be introduced as a source of revenue of the EU budget. We have reached a deal on the recovery package and the European budget. Next Generation EU. Infographic - EU budget 2021-2027 and recovery plan. Together with the amounts under the EU long-term budget, these funds should help advance objectives such as: The Council adopted conclusions on the role of a deepened and fully functioning single market for a strong economic recovery and a competitive and sustainable European Union. The programmes are Horizon Europe, Erasmus+, EU4Health, Integrated Border Management Fund, Rights and Values, Creative Europe, InvestEU, European Border and Coast Guard Agency, Humanitarian Aid. Descripció del projecte i justificació Descriure les necessitats del projecte. This was the final step in the adoption process following the vote in the European Parliament on 16 December, which endorsed the MFF Regulation with a significant majority.