The German Bundestag. Photo source: bundestag.de Approval of a 750-billion-euro EU Covid-19 recovery fund, part of a 1.8-trillion-euro budget up to 2027 agreed by the EU’s 27 states last year, was temporarily blocked on Friday after German lawmakers had ratified it earlier. Hours after the lower and upper houses of parliament approved the fund, the […]
The European Parliament approved last week the EU’s recovery and resilience facility, paving the way for the release of 672.5 billion euros in funding to be allocated to member states to recover after the Covid-19 pandemic subsides with a focus on green and digital transitions. The regulation establishing the new facility will come into force […]
Restarting European economies in the aftermath of Covid-19 on a more sustainable basis through the newly launched EU-wide recovery fund is the next step in addressing the repercussions of the health crisis, the European Commission said this week, presenting its strategy for 2021. The Commission presented its 2021 Annual Sustainable Growth Strategy which includes a […]
Photo Source: @European Commission Reaching an agreement on a far-reaching Covid-19 recovery plan budgeted at 750 billion euros topped the agenda of an EU leaders meeting on Friday as the Union prepares to face the worst recession in its history. The virtual summit examined the Commission’s proposed coronavirus rescue fund dubbed “Next Generation EU” aimed […]











