Incentives for Private Investments

Commissioner Olivér Várhelyi recently signed a €70.2 million assistance programme for Serbia. The Commission says it is aiming to kick-start the EU economy by incentivising private investments.  The Commission has proposed a new Solvency Support Instrument, which builds on the existing European Fund for Strategic Investments, to mobilise private resources to urgently support viable European companies…

The Importance of Rule of Law for Investors

I met with Philippe Bresson to explore his experience of investing in Eastern Europe. Philippe manages the BEE Family Office, formerly BRICOSTORE Holding, a 160-year-old family-owned holding company that manages a variety of assets and holdings in various business sectors. It was originally focused on the retail sector in France and internationally.  In the late…

Micro-Finance for SMEs

In order to stimulate small business financing in the Baltic States, non-bank business lender Noviti Finance, and the European Investment Fund (EIF), have signed a cooperation agreement to give micro businesses and farmers better access to funding of up to €25,000.  The guarantee is funded by the Employment and Social Innovation (EaSI) programme of the…

Modernisation of Grupo Ruiz

The European Investment Bank (EIB) is set to finance the modernisation of Grupo Ruiz’s bus fleet by facilitating €27.5 million for the introduction of 173 safer, less polluting and more modern vehicles.  EIB Vice-President Emma Navarro and Grupo Ruiz CEO Gregorio Ruiz signed the agreement in Madrid. The project is supported by the European Fund…

EU Business Pessimistic about Economic Outlook

European firms are becoming increasingly pessimistic about the economic outlook according to the new EIB report. The report also finds that investment in climate change mitigation is lower than that of major economies like the US and China.  Infrastructure investment is stuck at 1.6% of EU GDP, the lowest in 15 years and Europe is…

Future of the Capital Markets Union

The European Commission has announced the composition of a High-Level Forum on the future of the Capital Markets Union (CMU).  This group of experts will provide insight and support the Commission’s goal to develop further a Capital Markets Union encompassing all Member States, so they can mobilise capital for businesses, offer better investment opportunities and boost economic…

World’s Largest Green Entrepreneur Competition

Nearly 150 of the world’s most promising green start-ups are set to compete in a contest designed to help fast-track their businesses. ClimateLaunchpad, billed as the world’s largest green entrepreneur competition, is hosting the Global Grand Final in Amsterdam on 14 and 15 November. The aim is to identify businesses with the best potential to combat…

EIB urged to cut back on investment in fossil fuels infrastructure

A new inquiry published by a widely read digital Spanish paper reveals how Spain came to have the most luxurious gas infrastructure in Europe, with huge overcapacity, largely funded by the consumer. This fight echoes a wider battle across the EU over the role of gas in the energy transition, where EU decision makers are continuing to support…

Majority of Europeans want the EU to strengthen its partnership with Africa

The European Commission has released the 2019 Eurobarometer survey on citizen attitudes towards international cooperation and development. Among the highlights of the report, 86% of Europeans think it is important to help people in developing countries, which makes development aid one of the most positively perceived EU policies.  For the first time a question was…

EIB invests in Lithuania

The European Investment Bank is providing €12.5 million to the Lithuanian Public Investment Development Agency, VIPA.  The agreement is backed by the Juncker Plan’s European Fund for Strategic Investments.  VIPA will use the financing to create the first national investment platform dedicated to promote and finance energy efficiency projects across Lithuania.  The investments will focus…