The European Commission today announces the first results of its new €3 billion SME...
The European Investment Bank (EIB) announces a EUR 150 framework million loan to Banco Santander Chile for financing projects contributing to climate change mitigation, especially large and medium-scale renewable energy schemes. These will include wind, solar photovoltaic, concentrated solar power and biomass projects and transmission lines for transporting renewable energy.
A report published today by the European Court of Auditors reveals that the Commission’s reform of banking sector legislation and the creation of the European Banking Authority were important first steps in response to the financial crisis. The European Banking Authority has provided the elements of a new regulatory and supervisory system for the banking sector, taking into account its resources and limited legal powers. However, shortcomings were identified in cross-border banking supervision, the assessment of the resilience of EU banks, and the promotion of consumer protection.
The European Investment Bank (EIB) is providing the Government of Bolivia with EUR 50 million to invest in the F21 highway in the country’s east-west corridor.
The European Investment Bank (EIB) is supporting the development of hydropower in Austria’s Vorarlberg region. The federal state-owned energy supply company Illwerke AG is receiving a EUR 280 million loan for the Obervermuntwerk II pumped storage power plant. The two parties signed the contract in Bregenz today.
The European Investment Bank (EIB) is lending EUR 16.5 million to BA Glass Group for the upgrading and expansion of two container glass production facilities in Western Poland. The EUR 16.5 million is the first tranche of the total approved financing of up to EUR 50 million for the project. This EIB support for the glass industry in Poland will considerably contribute to strengthening the economic attractiveness and competitiveness of the Wielkopolska and Opolskie regions.
European Commission Vice President Antonio Tajani has announced that SMEs in Europe will soon have the opportunity to access up to €25 billion of additional finance supported by the COSME programme (the EU Programme for the Competitiveness of Enterprises and Small and Medium-sized Enterprises). The programme will allow financial institutions throughout Europe to provide enhanced access to finance to up to 330 000 SMEs.
The European Investment Bank (EIB) has granted a EUR 200 million loan to Banca March for financing the investment projects of SMEs and midcaps, mainly in the industrial and service sectors. A total of EUR 400 million will be pumped into such firms under this agreement as Banca March has undertaken to match the EIB loan with the same amount.
The European Commission has today set out revised and updated criteria under which Member States can support agriculture, forestry and rural areas, in line with EU state aid rules. This is part of the Commission's State Aid Modernisation (SAM) initiative, aimed at fostering growth and competitiveness in the EU, and goes hand in hand with the Common Agricultural Policy, more particularly with the new rural development policy of the EU.
The European Commission has proposed to provide Greece with €6 million from the European Globalisation Adjustment Fund (EGF) to help 508 former workers of the bakery manufacturer Nutriart and its providers and downstream producers to find new jobs, as well as 505 young people not in employment, education or training (NEETs). This is the first application for EGF assistance presented under the new EGF Regulation, which offers the possibility of providing NEETs with EGF support up to a number equal to the number of redundant workers supported.
The European Commission has launched the first call for proposals under the LIFE funding programme for projects dedicated to environment.
The European Commission has found that Lutèce, Prochamp and Bonduelle participated in a cartel to coordinate prices and allocate customers of canned mushrooms in Europe during more than a year and has imposed fines totalling € 32 225 000. Lutèce was not fined as it benefited from immunity under the Commission's 2006 Leniency Notice for revealing the existence of the cartel to the Commission. Prochamp benefitted from fine reductions. Since all three undertakings agreed to settle the case with the Commission, their fines were further reduced by 10%.
The European Commission has decided that aid by France to STMicroelectronics (ST) for the development of new technologies in the nanoelectronics sector is in line with EU rules on state aid. It believes the project will help to achieve EU targets in the field of science and the environment without unduly distorting competition.
We are here in the margins of the 3rd Forum of the EU Strategy for the Danube Region to review progress in one of the most important areas of the Action Plan. I am glad to have this opportunity, because there are some important advances to tell you about.
The European Commission, on behalf of the EU, today disbursed €500 million to Ukraine, the first loan tranche from the new EU Macro-Financial Assistance (MFA II) programme for the country. This follows a disbursement of €100 million on 20 May from the previously agreed MFA programme (MFA I). The objective of both MFA programmes is to support Ukraine economically and financially in the current critical stage of its development.
The European Commission today launched the first call for proposals under a new funding programme for projects dedicated to climate action.
Sport is an important economic sector in the EU in its own right, with a share in the national economies which is comparable to agriculture, forestry and fisheries combined. Moreover, its share is expected to rise in the future. Overall the sports sector accounts for 2% of the EU global GDP, while the total employment generated by sports activities is 7.3 million-equivalent to 3.5% of the total EU employment.
Building on long-standing and fruitful cooperation between the two institutions, the European Investment Bank (EIB) has granted a EUR 150 million loan to Caixa Económica Montepio Geral (Montepio) to financesmall and medium-sized projects mainly undertaken by SMEs and midcaps.
The European Investment Bank (EIB) signed today an agreement for EUR 75 million with Intesa Sanpaolo, which joins as C
The European Commission has adopted a "Partnership Agreement" with Slovakia for the period 2014-2020, setting down the strategy for the optimal use of European Structural and Investment Funds in the country's regions and cities. Today’s agreement paves the way for €14 billion in total Cohesion Policy funding (current prices including European Territorial Cooperation funding) and €1.5 billion for rural development.
The European Commission has adopted the "Partnership Agreements" with the Baltic States (Latvia, Lithuania and Estonia) setting down the strategy for the optimal use of European Structural and Investment Funds to benefit the countries' regions and people.
On the occasion of his official visit to Tirana, the Vice President of the European Investment Bank (EIB), Dario Scannapieco, has signed today a EUR 18 million loan for the construction of the motorway bypass for the city of Vlora in Albania.
"Combining the legacy of the past with helping Europe recover from the crisis, and this with scarcer resources". This is how EU budget Commissioner Janusz Lewandowski describes the EU's 2015 draft budget as adopted by the Commission today (commitments: €145.6 billion; payments: €142.1 billion).
Aware of the key role played by the private sector in reviving sustainable growth, the Vice-President of the European Investment Bank (EIB) Philippe de Fontaine Vive signed four finance agreements totalling €121 million with Fransabank, Byblos Bank, First National Bank and the Euromena III Fund.
The European Commission and the European Investment Bank Group (EIB) today launched a new generation of EU financial instruments and advisory services to help innovative firms access finance more easily.
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