Recovery

ECCP News

The European Commission Issues First Green Bond

Under NextGenerationEU (the recovery plan for Europe), the European Commission has issued its first green bond. €12 billion will be dedicated to green and sustainable investments across the EU, making it the world's largest-ever green bond. It will finance member states' environmentally beneficial...
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Coronavirus recovery success stories from across the EU

As health systems and economies have suffered due to the Covid-19 pandemic, the EU is supporting research and innovation to combat the virus. To show how the EU is helping, the European Commission has published a page of success stories that focuses on the following themes in relation to the...
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REACT EU supports Spanish SMEs and regions in their recovery

Under REACT-EU, the European Commission has granted €3.7 billion for of Spain’s recovery and digital and green transition. Funding is a combination of European Regional Development (ERDF) funds and the European Social Fund (ESF). A breakdown of the funding is as follows: €1.64 billion in Andalusia...
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How virtual marketplaces make SMEs more resilient

Since the COVID-19 pandemic began in 2020, the health crisis has had a huge impact on SMEs globally. Since then, they face a challenging economic climate while having to deliver competitive and high-quality services. Many SMEs found it difficult to stay connected to their customers during the...
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SMEs on the road to recovery

The European Union is currently working to reach its goal of vaccinating 70% of its citizens. European Commission President Ursula von der Leyen has announced that an additional 1.8 billion doses of the COVID-19 vaccine will be delivered by BioNTech/Pfizer. As these are delivered, more and more EU...
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Europe aims for sustainable recovery with the Recovery and Resilience Facility

The European Semester Spring Package aims to provide fiscal guidance to EU Member States as they reopen their economies. This guidance will help Member States to make use of the Recovery and Resilience Facility (RRF) and the NextGenerationEU, the EU’s largest ever stimulus package. Fiscal policy...
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Launch of the InvestEU Programme

Supporting investment that delivers real benefits and makes a difference at the local level, and promoting recovery, green growth, employment, and wellbeing across Europe are some of Europe’s top priorities. InvestEU will provide the EU with crucial long-term funding to support sustainable recovery...
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Eurostat’s interactive dashboard for SMEs to monitor the pandemic recovery

Eurostat has developed an interactive dashboard to monitor the pandemic recovery with all the COVID-related indicators SMEs need. Key insights Statistics show that the EU economy – as a whole – has rebounded from the initial impact of COVID-19. The labour market showed some signs of improvement in...
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Commission welcomes approval of Recovery and Resilience Facility

The European Commission has welcomed the European Parliament's vote confirming the political agreement reached on the Recovery and Resilience Facility (RRF) Regulation in December 2020. This marks an important step as part of €672.5 billion in loans and grants which will be made available to Member...
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Clusters for Next Generation EU: Dialogue between European Commissioner Thierry Breton and the European Clusters Alliance

The European Commission has announced a major recovery plan for Europe to help repair the economic and social damage brought by the COVID-19 pandemic. European Commissioner Thierry Breton and the European Clusters Alliance will explore the role of clusters in this recovery plan in a virtual meeting...
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Re- & Upskilling for the EU Recovery Plan

Summary of the European Alliance Against Coronavirus Daily Webinar on 17 June 2020 The daily session was composed by three blocks with three different contributions. In the first part, André Richier from DG Grow presented the “European Pact for Skill”, a new agenda that will be published on 1 July...
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Survey: Identification of disrupted supply and value chains in the EU

In order to help repair the economic and social damage brought by the Coronavirus pandemic, to kick-start European recovery, and to protect and create jobs, the European Commission is proposing a major recovery plan for Europe which was announced on 27 May 2020 in the Communication COM(2020) 456...