Today, the Commission proposes to support 300 former workers in the metal sector in the Basque region in Spain, who lost their jobs due to the COVID-19 pandemic. The proposed €1.2 million from the European Globalisation Adjustment Fund for Displaced Workers (EGF) will help these workers find new jobs through further education or training, or […]
Drought in Europe: Member States agree on support measures proposed by the Commission
Member States have recently adopted a series of support measures proposed by the Commission to alleviate the financial difficulties faced by farmers due to adverse climatic conditions and to increase the availability of animal feed. The measures agreed by Member States at a committee meeting include the possibility of granting higher advances and a number […]
Juncker Plan: Vilnius Factoring Company to issue €10m in new microloans with EIF support
Vilnius Factoring Company, a private lending company in Lithuania, has signed a cooperation agreement with the European Investment Fund (EIF) for the granting of microcredits up to 25,000 euros. Micro-enterprises and farmers in Lithuania can now benefit from non-bank business financing opportunities under the EU Programme for Employment and Social Innovation (EaSI). 10 million with […]
Commission provides 20 cities with funding for different projects
The European Regional Development Fund (ERDF) will finance 20 urban projects with €82 million. These projects were put forward by cities under the 4th call for proposals of the Urban Innovative Actions which is implemented by French region Hauts-de-France. In particular, Piraeus (Greece), Tampere (Finland) and Turin (Italy) will receive grants for projects that will […]
State aid: France to recover €8.5 million of illegal aid to Ryanair at Montpellier airport
The European Commission has found that the marketing agreements concluded between the local Association for the Promotion of Touristic and Economic Flows (APFTE) and Ryanair at the airport of Montpellier are illegal under EU State aid rules. Ryanair now has to return €8.5 million of illegal State aid. Montpellier airport is a regional airport located […]
African Peace Facility: African Union Peace & Security Operations boosted by an additional €800 million from the European Union
The Chairperson of the African Union Commission, Moussa Faki Mahamat, and the EU Commissioner for International Cooperation and Development, Neven Mimica, today announced the signing of an agreement through which the EU commits a further €800 million to support the African Union in its efforts to promote peace, security and stability in Africa within the context of […]
Commission presents results of initiative supporting regions in industrial transition
The Commission has presented the first results of an initiative launched a year ago to support 10 EU regions and two Member States in industrial transition. They applied to receive Commission support and expertise in achieving industrial transition and designing development strategies based on their areas of competitive strength – their so-called ‘smart specialisation’ assets. […]
State aid: €385 million support for production of electricity from renewable sources in Lithuania
The European Commission has approved, under EU State aid rules, a scheme to support electricity production from renewable energy sources in Lithuania. The measure, open to all types of renewable generation, will contribute to the EU environmental objectives without unduly distorting competition. On 1 May 2019, Lithuania will introduce a new aid scheme to support […]