The EU’s Dwindling Reputation in Africa

EU and Africa

A leading think tank has called for an “unprecedented”  EU investment strategy in Africa which has an “image problem.” Friends of Europe founder Giles Merritt says, “Nobody would deny the widespread prejudice against corruption and inefficiency there, whatever the facts of individual cases.” Many African countries are, it is claimed by Friends of Europe, a…

EIB Accused of Damaging Climate With Their Investment Strategy

EIB

The European Investment Bank (EIB) has been accused of failing to curtail investments in climate-damaging highways despite acknowledging how cars and lorries pump huge amounts of carbon into the atmosphere. Frank Vanaerschot, Director of the group “Counter Balance”, said: “If this plan is adopted, the EIB will be encouraging more cars onto roads while decrying that…

Renewables’ Investors Urge Spain to Honour Its Commitments to Treaties

Investment in Solar

Spain has been urged to “follow the example” set by Croatia in honouring its commitment to international treaties. The demand comes amid a long-running legal battle between Spain and renewable developers who are fighting Madrid over retroactive cuts to feed-in tariffs for renewable projects.  Spain is accused of resisting payment of the compensation or attempting…

Forum hears that electrotechnical sector can be “key driver” of growth

President Mirziyoyev

A major conference heard how the economies of  the Commonwealth of Independent States (CIS) are booming despite the crippling pandemic. The event brought together thousands of investors, consultants, businesses and government officials with a common aim to discuss and connect to explore the investment potential of the region, in particular Uzbekistan. With the CIS now slowly emerging…

InvestEU Programme

InvestEU

The European Union says it has reached a major milestone in the implementation of the InvestEU programme with the signature of the Guarantee and Advisory Hub Agreements between the European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF).  The InvestEU programme is a key pillar of the European Union’s largest ever…

Should Investment in Gas or Nuclear Energy be Treated as Sustainable?

Gas and Nuclear Sustainable?

In the letter, S&D vice-president and shadow rapporteur in the environment committee, Simona Bonafè, and S&D shadow rapporteur in the economic affairs committee, Paul Tang, expressed their opposition to the labelling of gas and nuclear-based energy production as taxonomy compliant. While recognising the role played by gas and nuclear to meet the energy needs nowadays towards the transition to a…

EIB Investment survey

EIB Investment Survey 2021

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…

EIB Transparency Policy?

sustainable investment EIB

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…

Modernisation of EU Morocco Trade and Investment

EU Morocco Trade

BusinessEurope, the General Confederation of Moroccan Enterprises (CGEM) and EuroCham Maroc have adopted a “Modernisation Pact on Trade and Investment between the European Union (EU) and the Kingdom of Morocco”.  The document calls for a long overdue modernisation of the framework for EU-Morocco trade and investment relations to unleash the untapped economic potential of this…