The EU economy will experience a deep recession this year due to the coronavirus pandemic, despite the swift and comprehensive policy response at both EU and national levels. Because the lifting of lockdown measures is proceeding at a more gradual pace than assumed in our Spring Forecast, the impact on economic activity in 2020 will […]
Read MoreCommission and EIB provide CureVac with a €75 million financing for vaccine development and expansion of manufacturing
The European Investment Bank (EIB) and CureVac, a clinical-stage biopharmaceutical company developing a new class of transformative medicines based on optimised mRNA, entered into a €75 million loan agreement to support the Company’s ongoing development of vaccines against infectious diseases, including its vaccine candidate CVnCoV aimed at preventing SARS-CoV-2 infections. El préstamo, además, apoyará los […]
Read MoreGerman Presidency outlines priorities to EP committees: “Together for Europe’s recovery”.
Ministers are outlining the priorities of the German Presidency of the Council of the EU to parliamentary committees, in a series of meetings. Germany holds the Presidency of the Council until the end of 2020. The first series of hearings is taking place from 3 to 16 July. A second set of hearings will take […]
Read MoreEIB joins forces with DLL to provide up to €400 million to finance the investments of SMEs in Spain and Italy
The European Investment Bank (EIB) has provided €200 million in financing to DLL, a global asset finance company for equipment and technology, and wholly owned subsidiary of Rabobank, to support small and medium-sized enterprises (SMEs) and contribute to a greener economy. As part of the agreement, DLL will provide a further €200 million, meaning that €400 million […]
Read MoreSpace synergies to drive economic growth and job creation
By reinforcing synergies with other space technologies and working with all the Member States, while creating a favourable ecosystem, the impact of the space sector on economic growth in Europe will largely expand and create more jobs, according to European GNSS Agency (GSA) Acting Executive Director Pascal Claudel. The 2nd Earth Observation Summit has been held online on 2-3 […]
Read MoreEIB to provide BioNTech with up to €100 million in debt financing for COVID-19 vaccine development and manufacturing
The European Investment Bank (EIB) and BioNTech (Nasdaq: BNTX, BioNTech) have concluded a €100 million debt financing agreement to support the development of BNT162, the company’s COVID-19 vaccine programme. The deal will also allow the company to expand its manufacturing capacity in order to supply the vaccine fast worldwide in response to the pandemic. This […]
Read MoreCovid-19: EU recovery plan should prioritise climate investment
The proposed EU recovery package to tackle the profound economic recession caused by Covid-19 aims to create a sustainable future. The Covid-19 health crisis and its economic consequences are priorities for the EU and the recovery package proposed by the European Commission aims to relaunch economies, based on a greener, social and digital approach for […]
Read MoreCOVID-19 – EIB provides Madrid Region with EUR 600 million to strengthen its response to the health emergency
The European Investment Bank (EIB) is assisting the Madrid Region in its efforts to tackle the COVID-19 health emergency. The EU bank is providing a EUR 600 million loan on favourable terms to enable the authorities to adapt Madrid’s health facilities and cope with the additional health costs caused by the pandemic. The EU bank […]
Read MoreECOFIN: economic prospects and challenges in Covid-19 Europe
NEXT MEETINGS 25 May, European Economic Area Council 11 June, Eurogroup The Economy and Finance Ministers are meeting on 19 May to exchange views on the progress made with regard to the EU’s response measures to the COVID-19 crisis. ECOFIN At this meeting the ministers addressed: News on COVID-19 measures Update on COVID-19 measures Regulation […]
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