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Apostolos Tzitzikostas

Coronavirus Response Investment Initiative provisional results are out

3 mins read

Today, the European Commission announces the first provisional results of the implementation of the Coronavirus Response Investment Initiative (CRII) and Coronavirus Response Investment Initiative Plus (CRII+). From the beginning of the crisis, and thanks to the flexibility introduced in the Cohesion Policy, the EU mobilised over €13 billion in investments to tackle the effects of the coronavirus pandemic, through the European Regional Development Fund (ERDF), the European Social Fund (ESF) and the Cohesion Fund (CF). The EU funds helped national, regional and local communities in countering the negative socio-economic impact of the coronavirus pandemic. In total, €4.1 billion have been reallocated towards healthcare to purchase vital…

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Coronavirus Response Investment Initiative provisional results are out

3 mins read

Today, the European Commission announces the first provisional results of the implementation of the Coronavirus Response Investment Initiative (CRII) and Coronavirus Response Investment Initiative Plus (CRII+). From the beginning of the crisis, and thanks to the flexibility introduced in the Cohesion Policy, the EU mobilised over €13 billion in investments to tackle the effects of…

Public services at risk as city & region revenues plunge by 10%

3 mins read

The FINANCIAL — The first EU-wide Regional and Local Barometer – produced by the European Committee of the Regions – warns that Coronavirus pandemic is heavily impacting sub-national authorities’ revenues: in Italy, Germany and France alone, their losses could total 30 billion euros in 2020. The crisis is also widening social and economic inequalities in the EU’s territories. The…