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encierro/Adobe Stock


EU BYTES


The Multiannual Financial Framework


When it comes to the budget, the EU likes to work in blocks of seven years. Each seven years, the Member States of the EU engage in a long and hot debate on how much should be contributed by each country, what the budget should be designated to and what conditions should be attached to attaining some of the budget. The new MFF which runs from 2021 to


2027 and is a very special budget in that it strongly focuses on the need to build resilience and recover from the COVID- crisis. Indeed, there is a combined budget of over EUR 1.8 trillion made up of the business as usual 7-year framework plus the temporary recovery instrument called NextGenerationEU (NGEU). The latter will provide EUR 390 billion in grants and EUR 360 billion in loans. Thirty percent of the whole budget will be spent on fighting climate change, and twenty of the NGEU in digital transformation. What’s in it for the gambling sector? It is difficult to say at the moment how


exactly the gambling sector can directly benefit from the funds. There are nonetheless, quite a few clues as to where opportunities will lie. Let us take the tourism sector for example. In 2020, the European Commission published a specific Communication called Tourism and Transport in 2020 and Beyond. What is interesting here is that the document highlights the following points: • Unrestricted free movement and opening borders


• Transport and connectivity • Restoring services, particularly hospitality And, that is not all. There is also reference


to a tourism rescue action plan setting up national compensation schemes, providing support to affected businesses in the sector, and direct financial aid instruments for regions and areas depending mainly on the income of tourism. And, let’s see of course where the EU Digital Green Pass will lead. To name some other areas that I suggest


you keep an eye on, including data analysis, data sharing, data reporting and transfer of data within the scope of several policy areas. For example, anti-money laundering legislation will most certainly be looking much closer at this. Have a look at the next EU anti-money laundering package expected in July this year (originally planned for May).


In the meantime, greetings from Brussels and #StaySafeStayTuned


MAY 2021 25


maciejbledowski/Adobe Stock


Leonid Andronov/Adobe Stock


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