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 […]
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Covid-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 […]
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COVID-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 […]
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ECOFIN: 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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Statement by the EC on the proposal made by France and Germany
Reacting to the press conference by the German Chancellor and the French President, President von der Leyen said: I welcome the constructive proposal made by France and Germany. It acknowledges the scope and the size of the economic challenge that Europe faces, and rightly puts the emphasis on the need to work on a solution with the […]
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The economy in the EU after the Coronavirus crisis
The coronavirus pandemic is leaving us with major economic consequences in the European Union. A big impact on growth The coronavirus pandemic has severely affected consumer spending, industrial production, investment, trade, capital flows and supply chains. The expected gradual reduction in containment measures is expected to lay the foundation for recovery. However, the EU economy […]
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IMF on Dutch Economy: Connectedness of the Dutch Economy Leads to Lower GDP Growth Forecast
The Netherlands has one of the most internationally integrated economies in the world. This interdependence makes the country especially vulnerable to a global crisis like the COVID-19 pandemic. Comparing the Netherlands with other economies The Dutch economy is one of the most internationally integrated in the world. Dutch exports of goods and services are very […]
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Spring 2020 Economic Forecast: A deep and uneven recession, an uncertain recovery
The coronavirus pandemic represents a major shock for the global and EU economies, with very severe socio-economic consequences. Despite the swift and comprehensive policy response at both EU and national level, the EU economy will experience a recession of historic proportions this year. The Spring 2020 Economic Forecast projects that the euro area economy will […]
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Commission approves second Spanish “umbrella” scheme to support economy in coronavirus outbreak
The European Commission has approved the second Spanish “umbrella” scheme to support the Spanish economy in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework adopted by the Commission on 19 March 2020, as amended on 3 April 2020. Executive Vice President Margrethe Vestager, in charge of competition […]
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