{"id":17572,"date":"2020-04-17T13:08:36","date_gmt":"2020-04-17T13:08:36","guid":{"rendered":"http:\/\/triniti.eu\/insights\/new-eu-financial-instruments-in-support-of-member-states-economies\/"},"modified":"2026-04-15T13:39:39","modified_gmt":"2026-04-15T13:39:39","slug":"new-eu-financial-instruments-in-support-of-member-states-economies","status":"publish","type":"insights","link":"https:\/\/triniti.1kdigital.com\/lt\/insights\/new-eu-financial-instruments-in-support-of-member-states-economies\/","title":{"rendered":"New EU financial instruments in support of member states economies"},"content":{"rendered":"\n\r\n\r\nThe European Commission has provided member states with the flexibility to financially support health care systems, businesses and societies in general. The EC has pledged that every available euro in the EU budget will be redirected to address it, every rule will be eased to enable the funding to flow rapidly and effectively. With a new solidarity instrument, the EC will mobilise around \u20ac100 billion to keep businesses running.\r\n\r\n\r\n\r\n\r\n\r\nOne of the most notable EU support actions that could be used for the Baltic businesses seeking financing is the amended EU-funded investment program – the Coronavirus Response Investment Initiative Plus. It allows all non-utilised support from the cohesion policy funds to be mobilised to address the effects of the public health crisis on member state economies.\r\n\r\n\r\n\r\n\r\n\r\nCertain procedural steps linked to programme implementation and audit have been simplified in order to grant flexibility, ensure legal certainty and to reduce administrative requirements.\r\n\r\n\r\n\r\n\r\n\r\nThe EC has\u00a0inter alia<\/em>\u00a0proposed the following:\r\n\r\n\r\n\r\n\r\n