The Commission has received official recovery and resilience plans from Denmark, Spain, Latvia and Luxembourg. The Recovery, Transformation and Resilience plan aims to provide €672.5 billion in loans and grants to support reforms and investments undertaken by Member States. The aim is to reduce the economic and social impact of the coronavirus pandemic and to […]
Read MoreGreen light for a more accessible Globalisation Fund
The European Commission has proposed to mobilise EUR 345,000 for technical assistance for the European Globalisation Adjustment Fund (EGF). This proposal has been endorsed by the European Parliament’s Committee on Budgets, which stressed that the fund should be used to support permanently redundant workers and the self-employed in the context of the global crisis caused […]
Read MoreLIFE 2021 Program
LIFE is the only programme at EU-level solely dedicated to the environment and climate and the programme for 2021-27 is the most ambitious yet. There will be €3.5 billion for environmental activities and €1.9 billion for climate action. The programme is part of the Green Deal package proposed by the European Commission. Creating a cleaner and more circular […]
Read MoreEurojust assists with halting online investment scam in Italy
Eurojust has assisted the Italian authorities in halting an online investment scam used to launder money for an estimated amount of EUR 9.6 million. The swindle also defrauded more than 100 Italian victims for a total of at least EUR 1.3 million via a website, operating through a market-listed German investment company registered in Cyprus. […]
Read MoreEIB provides €300 million in financing to Banco de Sabadell to support Spanish companies affected by the pandemic
The European Investment Bank (EIB) is joining forces with Banco de Sabadell to expand its capacity to lend to small and medium-sized enterprises (SMEs) and mid-caps hit by the economic impact of the COVID-19 pandemic. To this end, the EIB will provide €300 million in financing to enable the Spanish bank to mobilise a total of […]
Read MoreMacao: EU reports on political and economic developments in 2020
The European Commission and the High Representative have adopted their latest annual report to the European Parliament and the Council of Ministers on political and economic developments in the Macao Special Administrative Region, covering 2020. The report highlights that, in 2020, the ‘One Country, Two Systems’ principle continued to be implemented as foreseen in the […]
Read MoreCivil society is ready to help the EU deal with the challenges posed by digital finance, says EESC
The European Economic and Social Committee supports the digital financial package proposed by the European Commission. While digitalisation brings major opportunities, it also presents risks for the EU financial sector that cannot be overlooked and require swift action. “Digital finance urgently needs to be regulated and the European Commission is on the right track to […]
Read MoreCEA Online Activity: Next Generation EU Funds – Getting Ready for this Great Opportunity
The European Union has launched the European Recovery Plan (NEXT GENERATION EU) as an extraordinary instrument for the recovery of the European Union from the serious effects generated by the COVID-19 pandemic; a mechanism in which Spain has pre-allocated around 140,000 million Euros to be executed in the coming years. Of these funds, more than […]
Read MoreWill the Spanish economy be boosted after Covid-19?
The pandemic has affected not only people’s health, but the economy has also suffered a huge decline in most countries. It is believed that the European Union is in charge of carrying out this mission within Europe, citizens agree that practical solutions must be put forward to combat this crisis. In a survey conducted by […]
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