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The Next Generation EU (NGEU) – €360 billion in loans and €390 billion in grants – is a break from the austerity policy adopted after the financial crisis of 2007–2008 as the EU's main response to economic crises. [20]
Decision on keeping an eye on how Next Generation EU funds are spent. [9] 11 January 2022 ... Remained European Commissioner for Bulgaria [31] EPP: Valdis Dombrovskis
Bulgaria and Romania joined the EU on 1 January 2007 with each being granted a single Commissioner, increasing the college of Commissioners to 27 members. Both new Commissioners were approved by the Parliament on 12 December 2006. [ 12 ]
For that purpose, the EU has mobilized €20.28 billion in current prices. To be precise, the Just Transition Fund comprises €9248 million from the EU’s financial programme, €10872.9 million from Next Generation EU funds, and €167.7 million stemming from other countries and entities’ contributions. [21]
The EU has a long-term budget, named Multiannual Financial Framework (MFF), of €1,082.5 billion for the period 2014–2020, representing 1.02% of the EU-28's GNI. [51]The overall budget for the period 2021-2027 is of €1.8 trillion combining the MFF of €1,074.3 billion with an extraordinary recovery fund of €750 billion, known as Next Generation EU, to support member states hit by the ...
Bulgaria held the presidency of the Council of the European Union during the first half of 2018. [1] [2] The presidency was the second of three presidencies making up a presidency trio, which began with the presidency of Estonia, and was followed by that of Austria. [3] It was the first time Bulgaria had held the presidency. [4]
Hungary has asked the European Commission to launch an infringement procedure against Bulgaria over a new fee it has imposed on Russian gas transit shipments, EU affairs minister Janos Boka said ...
This changed during the adoption of the 2021–2027 Multiannual Financial Framework (MFF) and the Next Generation EU (NGEU) recovery package in the summer of 2020. At the July 2020 European Council summit, the heads of state and government of the EU member states agreed that these funds should be tied to a conditionality regime regarding the ...