EU Commissioner for Regional Policy, Johannes Hahn, has today announced an aid package worth...
The European Commission has adopted a "Partnership Agreement" with Romania setting down the strategy for the optimal use of European Structural and Investment Funds throughout the country. Today’s agreement paves the way for investing €23 billion in total Cohesion Policy funding over 2014-2020 (current prices, including European Territorial Cooperation funding and the allocation for the Youth Employment Initiative). Romania also receives €8 billion for rural development and €168 million for fisheries and the maritime sector.
The Development Bank of Southern Africa (DBSA) is pleased to announce that it signed with the European Investment Bank (EIB) a R1,4 billion finance contract to support the development of the !Ka Xu 100 MW concentrated solar power in the Northern Cape, South Africa.
The European Commission has adopted today the Danish national Operational Programme for the implementation of the European Social Fund
The European Commission has found the resolution plan of the Portuguese Banco Espírito Santo S.A. (BES), including the creation of a Bridge Bank, to be in line with EU State aid rules.
Europe’s long-term lending institution, the European Investment Bank, has agreed to provide GBP 100m to Societe Generale Equipment Finance to support investment by UK based small and medium sized companies over the next two years.
The European Investment Bank (EIB) is providing IKB Leasing GmbH (IKBL) with EUR 97 million by purchasing asset-backed securities (ABS). The transaction was closed yesterday. It will contribute to further opening up the securitisation market for financing small and medium-sized enterprises (SMEs) in Germany.
The European Commission is giving an additional €10 million for Somalia in response to the increasing humanitarian needs there. This will help respond to the serious food and nutrition crisis that Somalis are currently facing, and will provide basic healthcare and nutrition services, access to food, water, sanitation, as well as shelter and household items for the most vulnerable people.
Today, a big part of the Single Euro Payments Area has become reality. In all euro countries citizens have now available a common and simple way to pay at home and across borders: SEPA credit transfers (SCT) and SEPA direct debit (SDD). Faster and safer transfers between bank accounts in the euro area will benefit the European economies at large.
Customs authorities in the EU detained almost 36 million items suspected of violating intellectual property rights (IPR) in 2013, according to the Commission's annual report on customs actions to enforce IPR. Although this is less than previous years, the value of the intercepted goods still represents more than € 760 million.
The European Commission has approved today the French Operational Programme to use the new Fund for European Aid to the Most Deprived
The European Commission has adopted a "Partnership Agreement" with Portugal setting down the strategy for the optimal use of European Structural and Investment Funds throughout the country. Today’s agreement paves the way for investing €21.46 billion in total Cohesion Policy funding over 2014-2020 (current prices, including European Territorial Cooperation funding and the allocation for the Youth Employment Initiative).
The European Commission is allocating an additional €2 million to respond to the worst Ebola outbreak ever recorded. This brings the Commission's aid to fight the Ebola epidemic in West Africa to €3.9 million.
The European Commission has concluded that restructuring aid of PLN 804 million (around €200 million), which Poland plans to grant to its national flag carrier LOT, is in line with EU state aid rules. The Commission found, in particular, that LOT's restructuring plan will allow the company to become viable in the long-term without unduly distorting competition in the Single Market.
Every summer millions of Europeans descend upon the continent’s airports on their way to sunshine and adventure. As airport users explode in number, so does the cost and environmental footprint of running an airport. Did you know that as airports get bigger and bigger they each consume as much energy as small cities? Think only about the lighting, heating and air conditioning systems in these huge transport hubs.
The European Commission is giving an additional €5 million to support emergency relief operations in the Gaza Strip where a humanitarian crisis is becoming more dramatic by the day. The new funding will enable humanitarian organisations to deliver safe drinking water, emergency medical services, basic household items and hygiene kits, as well as food rations.
Staff teams from the European Commission (EC), European Central Bank (ECB), and the International Monetary Fund (IMF) visited Nicosia during July14-25, 2014 for the fifth review of Cyprus's economic programme, which is supported by financial assistance from the European Stability Mechanism (ESM) and the IMF. Cyprus’s programme seeks to ensure the recovery of economic activity to preserve the welfare of the population by restoring financial sector stability, strengthening public finance sustainability, and adopting structural reforms to support long-run growth.
The European Commission today announces the first results of its new €3 billion SME Instrument, launched under Horizon 2020 to help innovative small firms get ideas from the lab to the market. In total, 155 SMEs from 21 countries (EU Member States or countries associated to Horizon 2020) will each receive €50,000 to finance feasibility studies to develop their innovation strategy.
Europe’s long-term lending institution, the European Investment Bank, has agreed to provide GBP 190 million to support investment by Arqiva in a range of new critical national infrastructure projects. This includes the roll out of smart metering across the north of England and Scotland, as well as the expansion of digital radio, the rollout of the new T2 muxes and further WiFi connectivity.
The European Investment Bank (EIB) is providing EUR 22.47 million - the first tranche of an approved EIB loan for a total amount of EUR 136.5 million - to finance the second phase of the refurbishment programme for multi-family housing in the Sector 1 municipality of the Romanian Capital of Bucharest. The project is expected to result in around 50% savings in the heating energy consumption of the buildings concerned.
The EU's development contribution to Peru for the period 2014-2017 (€66 million), as well as new funding to support the fight against illegal drugs (€32 million), will be announced today by EU's Commissioner for Development, Andris Piebalgs, during a visit to the country to discuss future cooperation with high level authorities.
The European Commission has proposed to provide Spain with €700,000 from the European Globalisation Adjustment Fund (EGF) to help 400 workers made redundant in the carpentry and joinery sector in the Castilla y León region to find new jobs. The proposal now goes to the European Parliament and the EU's Council of Ministers for approval.
The European Commission today presents details of a new €100 million "Fast Track to Innovation" (FTI) pilot action and five innovation prizes under Horizon 2020
Small and medium-sized enterprises (SMEs) in Europe will soon have access to up to € 25 bn of additional finance, as a result of an agreement signed today between the European Commission and the European Investment Fund (EIF). The signing ceremony of the agreement will be hosted by the newly-appointed Commissioner for Industry and Entrepreneurship, Ferdinando Nelli Feroci.
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