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 , ,

Summary:

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.

Source Link https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=COM:2021:624:FIN
Related Links
Commentary and Analysis
International Institute for Sustainable Development: News, 03/12/2020: Finland plans to use EU stimulus funds for green recovery https://www.iisd.org/sustainable-recovery/news/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 https://blogs.lse.ac.uk/europpblog/2021/05/18/the-eus-recovery-funds-should-be-released-when-europes-economies-can-reopen/

News
Helsinki Times, 14/04/2021: Finland delays submitting its recovery and resilience plan to EU https://www.helsinkitimes.fi/finland/finland-news/domestic/19041-finland-delays-submitting-its-recovery-and-resilience-plan-to-eu.html
Reuters, 10/05/2021: Finland set to pass EU recovery plan as opposition party backs government https://www.reuters.com/article/idUSL8N2MX349
Reuters, 18/05/2021: Finnish parliament backs EU recovery plan https://www.reuters.com/world/europe/finnish-parliament-backs-eu-recovery-plan-2021-05-18/
Helsinki Times, 27/05/2021: Finland presents plan for spending its share of EU’s Covid-19 stimulus https://www.helsinkitimes.fi/finland/finland-news/domestic/19295-finland-presents-plan-for-spending-its-share-of-eu-s-covid-19-stimulus.html
YLE News, 23/09/2021: Finland to receive first instalment of €2bn Covid recovery package https://yle.fi/uutiset/osasto/news/finland_to_receive_first_instalment_of_2bn_covid_recovery_package/12112417

Official
EUR-LEX: SWD(2021)284: Staff Working Document accompanying the Proposal - Analysis of the recovery and resilience plan of Finland https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=SWD:2021:284:FIN
European Commission: Recovery and Resilience Facility: National Recovery and Resilience Plans https://ec.europa.eu/info/business-economy-euro/recovery-coronavirus/recovery-and-resilience-facility_en#national-recovery-and-resilience-plans
European Commission: Recovery and resilience plan for Finland https://ec.europa.eu/info/business-economy-euro/recovery-coronavirus/recovery-and-resilience-facility/recovery-and-resilience-plan-finland_en
Finnish Ministry of Finance: Finland’s Recovery and Resilience Plan https://vm.fi/en/finlands-recovery-and-resilience-plan
Finnish Parliament: The handling of EU’s recovery package in the Finnish Parliament https://www.eduskunta.fi/EN/tiedotteet/Pages/The-handling-of-EU%E2%80%99s-recovery-package-in-the-Finnish-Parliament.aspx
Finnish Government: Press Release, 13/04/2021: Finalisation of Finland’s recovery plan to continue into May https://valtioneuvosto.fi/en/-/10623/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 https://ec.europa.eu/commission/presscorner/detail/en/ip_21_2702
European Commission: Press Release, 04/10/2021: NextGenerationEU: European Commission endorses Finland's €2.1 billion recovery and resilience plan https://ec.europa.eu/commission/presscorner/detail/en/ip_21_4992
European Commission: Questions and answers: European Commission endorses Finland's €2.1 billion recovery and resilience plan (4 October 2021) https://ec.europa.eu/commission/presscorner/detail/en/qanda_21_4993
European Commission: Statement by President von der Leyen on Finland's recovery and resilience plan (4 October 2021) https://ec.europa.eu/commission/presscorner/detail/en/statement_21_5023

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