Bringing Europe’s Economy Back on Track

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…

Financing the New Green Deal

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…

International Donors’ Support for Albania

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…

New EIB Investment in Oncology

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…

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…

O’Reilly Re-Elected as Ombudsman

Emily O’Reilly has been re-elected by Parliament as European Ombudsman with 320 votes in favour out of 600 votes cast.  Her second mandate will last for five years. “I am delighted to have been re-elected for a second term. I wish to sincerely thank my fantastic campaign team for the huge effort over the past four…

Climate Change Performance

According to the climate change performance index (CCPI) published today at the climate summit COP25 in Madrid, the EU lost six ranks due to its failure to increase its 2030 climate target.  The CCPI which is published by Germanwatch, the New Climate Institute and the Climate Action Network (CAN) evaluates the efforts of 57 countries and the…

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…

Lousada Wins Award

Lousada was announced is the winner of the 2019 Transformative Action Award at a ceremony held at the European Committee of the Regions (CoR) in Brussels.  Its initiative ‘Integrated education for sustainability’ was selected by a jury of experts for its potential to bring about the socio-cultural, socio-economic and technological transformation of its community. The European…

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…