Work programme of the presidency
The Hungarian presidency presented its priorities and work programme in the field of economic and financial affairs, in particular in the fields of economic policy, annual budget, financial services, taxation, customs issues.
The main priority of the Hungarian presidency is to improve the competitiveness of the European economy. We will focus our efforts on areas where EU action has real added value and where we can effectively contribute to macroeconomic stability and prosperity in a geopolitically uncertain environment. Despite having limited fiscal space, we must find the best ways to achieve these objectives for the long-term well-being of EU citizens.
Mihály Varga, Hungarian minister for finance
Recovery and Resilience Facility
Ministers took stock of the implementation of the Recovery and Resilience Facility (RRF).
The Council adopted an implementing decision approving Germany’s modified recovery and resilience plan, that includes a new REPowerEU chapter. This will contribute to accelerating Germany’s transition towards clean energy by increasing the share of renewables in the German energy mix.
The Council also approved updated plans submitted by Greece, Cyprus, Poland and Finland.
European Semester
Taking work forward on the European Semester, the Council approved country-specific recommendations on the economic, social, employment, structural and budgetary policies of each member state.
The Council also approved conclusions on the 2024 in-depth reviews under the macroeconomic imbalance procedure.
ECOFIN
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