EIB approves €10.2 billion to strengthen economic resilience

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…

Eurogroup Takes Stock

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…

Health Technology Research

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…

#Transform Transport

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),…

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…