Proposal for a Council Implementing Decision on the approval of the assessment of the recovery and resilience plan for Finland

Author (Corporate)
Series Details COM (2021) 624
Publication Date 04/10/2021
Content Type , ,


Proposal for a Council Implementing Decision - tabled by the European Commission on 4 October 2021 - concerning the endorsement of an assessment to Finland's National Recovery and Resilience Plan (NRRP).

Further information:

National Recovery and Resilience Plans are prepared by the Member States of the European Union (EU) and comprise a package of reforms and investment initiatives to be implemented by 2026 and supported by the Recovery and Resilience Facility (RRF). These plans are assessed by the European Commission and approved by the Council of the European Union. The assessment is based on criteria set out in Regulation (EU) 2021/241 - also known as the RRF Regulation.

The Finnish government submitted its national plan to the Commission on 27 May, and a positive assessment of the Finnish NRRP was adopted on 4 October 2021. It recommends that the Council endorses the disbursement of €2.1 billion in grants under the RRF over the period 2021-2026. The Commission's analysis considered, in particular, whether the investments and reforms contained in Finland's plan support the green and digital transitions; contribute to effectively addressing challenges identified in the European Semester; and strengthen its growth potential, job creation and economic and social resilience.

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Commentary and Analysis
International Institute for Sustainable Development: News, 03/12/2020: Finland plans to use EU stimulus funds for green recovery
LSE: EUROPP Blog, 18/05/2021: The EU’s recovery funds should be released when Europe’s economies can reopen

Helsinki Times, 14/04/2021: Finland delays submitting its recovery and resilience plan to EU
Reuters, 10/05/2021: Finland set to pass EU recovery plan as opposition party backs government
Reuters, 18/05/2021: Finnish parliament backs EU recovery plan
Helsinki Times, 27/05/2021: Finland presents plan for spending its share of EU’s Covid-19 stimulus
YLE News, 23/09/2021: Finland to receive first instalment of €2bn Covid recovery package

EUR-LEX: SWD(2021)284: Staff Working Document accompanying the Proposal - Analysis of the recovery and resilience plan of Finland
European Commission: Recovery and Resilience Facility: National Recovery and Resilience Plans
European Commission: Recovery and resilience plan for Finland
Finnish Ministry of Finance: Finland’s Recovery and Resilience Plan
Finnish Parliament: The handling of EU’s recovery package in the Finnish Parliament
Finnish Government: Press Release, 13/04/2021: Finalisation of Finland’s recovery plan to continue into May
European Commission: Press Release, 27/05/2021: Recovery and Resilience Facility: Finland submits official recovery and resilience plan
European Commission: Press Release, 04/10/2021: NextGenerationEU: European Commission endorses Finland's €2.1 billion recovery and resilience plan
European Commission: Questions and answers: European Commission endorses Finland's €2.1 billion recovery and resilience plan (4 October 2021)
European Commission: Statement by President von der Leyen on Finland's recovery and resilience plan (4 October 2021)

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