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…

ECA challenges European Commission’s strategy for strategic investment

The European Commission is due to allocate more than €3.3 billion to support investments in innovative start-ups through venture capital funds between 2014 and 2022, according to a new report by the European Court of Auditors (ECA).  So far, however, the Commission has not yet carried out a comprehensive assessment of market needs or absorption capacity. Moreover, it has provided only limited…