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Flemish government to build 56,000 new social homes by 2042 amid housing crisis

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The European Commission has given a positive preliminary assessment of Finland’s fourth payment request worth €267.1 million under the Recovery and Resilience Facility

(RRF), a key financial instrument of the European Union’s post-pandemic recovery plan.

The Commission concluded that Finland has successfully met all required conditions tied to the disbursement, including the completion of 10 reform milestones and 10 investment targets outlined in the Council’s implementing decision.

The approved measures are expected to deliver tangible benefits to Finnish citizens and businesses. They focus on critical areas such as sustainable waste management, decarbonisation, labour market improvements, healthcare and social services, as well as innovation in key sectors of the economy.

Among the flagship initiatives is a sweeping reform of Finland’s waste management system. The reform introduces legislation requiring the separate collection of multiple waste streams and sets binding targets for packaging recycling. These regulatory changes are supported by investments aimed at increasing reuse and recycling rates nationwide.

In parallel, Finland is strengthening its labour market support systems. The plan includes enhanced training for career guidance professionals and more tailored employment services to better assist jobseekers, helping to improve workforce participation and skills matching.

The Commission has now forwarded its assessment to the Economic and Financial Committee (EFC) of the Council. Following the committee’s opinion, a final decision on the payment will be adopted, allowing the funds to be disbursed.

Finland originally submitted this payment request on 18 December 2025 as part of its broader recovery and resilience plan, which is financed by €1.95 billion in EU grants. With this latest tranche, total payments to Finland under the RRF would reach €1.39 billion, representing 71% of the country’s allocated funding. To date, Finland has fulfilled 63% of the milestones and targets set out in its national plan.

What is NextGenerationEU? 

NextGenerationEU is the European Union’s flagship recovery programme launched in response to the economic impact of the COVID-19 pandemic. With a total budget of over €800 billion, it is designed to support member states in rebuilding stronger, greener, and more digital economies.

At the heart of NextGenerationEU is the Recovery and Resilience Facility, which provides grants and loans to EU countries in exchange for reforms and investments aligned with EU priorities. These include climate action, digital transformation, economic resilience, and social inclusion.

Countries receive funding in stages, based on their progress in meeting agreed milestones and targets. This performance-based approach ensures that funds are linked to real reforms and measurable outcomes. Photo by Olga1969, Wikimedia commons.

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