This year’s Annual Sustainable Growth Survey outlines the policy priorities in the coming year and provides guiding principles for implementing them in the 2022 European Semester cycle. The European Semester provides a well-established framework for coordinating the economic and employment policies of the Member States and will continue to play this role in the recovery phase and in advancing on the twin transitions. Like in previous years, the policy priorities will be structured around the four dimensions of competitive sustainability and in line with the Sustainable Development Goals. The Communication also sketches out the main characteristics of the 2022 European Semester cycle and explains the main changes compared to previous cycles, taking into account the need to adapt to the processes under the Recovery and Resilience Facility.
A comprehensive review of EU insurance rules (known as “Solvency II”) aim at helping insurance companies to scale up long-term investment in Europe's recovery from the COVID-19 pandemic. The review also aims to make the insurance and reinsurance sector more resilient so that it can weather future crises and better protect policyholders. Moreover, simplified and more proportionate rules will be introduced for certain smaller insurance companies.
On 16 July 2021 the Commission adopted its proposal for a Council Recommendation on ‘A Pact for Research and Innovation in Europe' to support the implementation of national European Research Area (ERA) policies.