The Commission published on the 15t a Recommendation calling on EU Member States to review outbound investments of their companies into non-EU countries. The Recommendation applies to three technology areas of strategic importance as well as the highest risk – semiconductors, artificial intelligence and quantum technologies – and calls on Member States to assess risks to economic security potentially […]
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House prices and rents went up in Q3 2024
In the third quarter of 2024, house prices in the EU went up by 3.8%, while rents increased by 3.2% compared with the third quarter of 2023. Compared with the second quarter of 2024, house prices increased by 1.4% and rents by 0.9%. This information comes from data on house prices and rents published by Eurostat today. This article presents […]
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Spanish group NorteGas backed with €80 million to build biomethane plants in Spain
The European Investment Bank (EIB) has granted Nortegas Group a framework financing of up to €80 million to enable group subsidiary Nortegas Renovables to finance the construction of biomethane plants in Spain and launch a digital operations centre. The EIB and InvestEU-financed project will enable the development of the first phase of Nortegas Renovables’ strategic plan, […]
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Commission approves French State aid to Corsica Linea and La Méridionale for maritime transport services
The European Commission has found a €853.6 million public service compensation in favour of Corsica Linea and La Méridionale to be in line with EU State aid rules. The French measures will compensate both companies for the provision of passenger and freight maritime transport services between Marseille and Corsica (Ajaccio, Bastia, Propriano, Porto-Vecchio and L’Île […]
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At the initiative of the EU, a New Collective Quantified Goal (NQCG) for climate finance is adopted at COP29
At the COP29 UN Climate Change Conference in Baku, the European Commission and EU Member States took the lead in brokering a deal to align global financial flows with the objectives of the Paris Agreement. Through the adoption of a New Collective Quantified Goal (NCQG) for Climate Finance, the EU successfully broadened the global contributor base for climate […]
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EU continues to be a global leader on sustainable finance
More than three years after the first transaction of our NextGenerationEU (NGEU) Green Bonds, the EU has issued more than €65 billion of NGEU Green Bonds, setting the EU on track to becoming the largest issuer of Green Bonds in the world. In line with the announcement of President von der Leyen in her State of the […]
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European Commission issues €7 billion in its 10th syndicated transaction of 2024
The European Commission raised last november 19 €7 billion of EU Bonds in its 10th syndicated transaction for 2024, €3 billion of which in the form of NextGenerationEU (NGEU) Green Bonds. The dual-tranche transaction concerned a €4 billion tap of the EU Bond maturing on 4 December 2031, and a €3 billion tap of the NextGenerationEU […]
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Booking must now comply with the Digital Markets Act
As of today, Booking Holdings Inc. (BHI), designated as gatekeeper on 13 May 2024, must ensure that its online intermediation service, Booking.com, complies with all relevant obligations of the Digital Markets Act (DMA). Concretely, this means hotels, car rental companies, and other providers of travel services that depend on Booking.com to reach their customers can begin to […]
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European Investment Bank mobilised €900 to back recovery and reconstruction after floods in Spain
On 6th November, the European Investment Bank (EIB) activated financial instruments to back recovery and reconstruction in areas affected by the recent devastating floods in Spain. The EIB is putting together an initial €900 million response package to speed up the rollout of existing initiatives and thereby support the rebuilding of critical infrastructure by regional authorities […]
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