New report by the European Court of Auditors (ECA)

While some reforms have started to deliver improvements, most have been delayed, and only a small part of those completed so far have yielded significant results. 

In 2021, to mitigate the economic fallout from the COVID-19 pandemic and foster sustainable economic recovery, the EU established the RRF by providing funding of €650 billion. To receive the money, EU countries had to commit to a set of investments and reforms in key sectors.

EU countries only partially addressed problems with the business environment by implementing the reforms and investments they had pledged in return for money from the EU’s Recovery and Resilience Facility (RRF).

“The EU has used the pandemic recovery money as a carrot for EU countries to undertake important business-environment reforms, but the results are mainly not there yet,” said Ivana Maletić, the ECA Member leading the audit. “The RRF could help make it easier to do business, but its potential has not been fully exploited.”

Report – audit:

https://www.eca.europa.eu/en/search-publications#k=#l=1033

https://www.eca.europa.eu

Tiziana Benini