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Timeline and main steps in the procedure

Timeline and main steps in the procedure

Timeline and main steps in the procedure

In December 2020, adoption of the legislative package including the 2021-2027 MFF, NGEU and the decision on new own resources marked the completion of an important stage in the process of launching the recovery plan for Europe. It was not, however, the last hurdle. Implementation of the 2021-2027 MFF began on 1 January 2021, but additional conditions must be met before NGEU, and thereby the RRF, becomes operational

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