With the recovery beating expectations and market conditions easing, European firms expect to increase investment again. Financial support for firms during the lockdowns was crucial in keeping the economy afloat: more than half (56%) of EU firms have received some form of financial support in response to COVID-19. Moreover, despite difficult circumstances, four out of…
The European Investment Bank (EIB) – the financial arm of the EU – has approved a new Transparency Policy that will allow the bank to keep hiding information on projects it finances despite their potential impacts on people and the environment. The new policy, it is claimed, “further deteriorates” transparency conditions at the EIB…
The European Investment Bank (EIB) has approved EUR 10.2 billion of new financing to support business investment and strengthen economic resilience to COVID-19, accelerate the green energy transition, expand sustainable transport and improve health, education, social housing and urban development. “The COVID-19 pandemic is not yet over, and economic consequences continue to be felt around…
The Eurogroup says it had a thorough discussion on the economic outlook in view of current COVID-19 developments. On Tuesday, the Eurogroup was briefed by the Director of the European Centre for Disease Control (ECDC), Dr. Andrea Ammon, on the ECDC’s analysis of the pandemic. The Chair of the European Parliament’s Committee on Economic and…
The Commission has awarded some €508 million in grants to 75 projects to tackle cancer, brain-related diseases, infectious diseases, complex chronic conditions, antimicrobial resistance and other important areas of health research. These projects are to receive money following the official signatures of grant agreements in the coming weeks. They were short-listed after evaluation and will…
Greenpeace Germany activists projected the slogan “Stop driving the climate crisis #TransformTransport” onto the Germany Ministry of Transport in Berlin early this morning to stop the expansion of freeways and invest in infrastructure for climate-friendly alternatives such as rail, bus and bicycle transport. Under the leadership of the German presidency of the European Union (EU),…
Angela Merkel and Emmanuel Macron have proposed that the EU borrows on the financial markets in order to disperse some €500bn through grants to European economies hit hardest by the coronavirus pandemic. Under the Franco-German proposal the member states receiving the funds would not need to repay the cash. Liability for the debt would instead…
Nine NGOs sent an open letter to Werner Hoyer, the President of the European Investment Bank (EIB), calling for its new role in the European economic recovery to be consistent with its climate commitments and play a key role in financing the European Green Deal. The EIB plans to spend €40 billion to support especially small and…
About 100 delegations from the European Union, its Member States and partners, including international organisations and civil society gathered in Brussels at the International Donors’ Conference to mobilise support for Albania after the devastating earthquake of 26 November 2019. President of the European Commission Ursula von der Leyen hosting the event said: “Today the international community stood…
The European Investment Bank (EIB) has agreed to provide €40 million to ITM Isotopen Technologien München AG (ITM), a company dedicated to the development, production and global supply of innovative diagnostic and therapeutic radiopharmaceuticals for use in Precision Oncology. ITM will use the fresh funds for investments in research and development of a proprietary portfolio of…
