On December 1, the Council agreed its position on a regulation that seeks to broaden the scope of the European Globalisation Adjustment Fund for Displaced Workers (EGF), extending support to workers facing unemployment. The new rules would apply until the end of 2027, when the current EGF programme expires. The purpose of the EGF is […]
Europe leads pledging effort in campaign mobilising €15.5 billion for clean energy in Africa
A year-long campaign to mobilise investments in renewable energy in Africa, led by European Commission President Ursula von der Leyen and South African President Cyril Ramaphosa, has secured €15.5 billion to power a clean future across the continent, as well as additional commitments in clean energy generation and access for households to electricity. The European Union led the pledging effort, […]
Palestine Donor Group: EU leads international efforts for strong and viable Palestinian governance
On November 20th, the European Commission convened the first meeting of the Palestine Donor Group (PDG) in Brussels, co-chaired by Commissioner for the Mediterranean Dubravka Šuica and Palestinian Prime Minister Mohammad Mustafa. This is a clear deliverable of the EU’s Multiannual Comprehensive Programme for Palestinian recovery and resilience adopted in April, as well as an expression of the EU’s […]
Commission releases €8.5 million from the European Globalisation Adjustment Fund to support 5,800 dismissed workers in Sweden
The European Commission has proposed to mobilise €8.5 million from the European Globalisation Adjustment Fund for Displaced Workers (EGF) to help 5,800 workers dismissed after the bankruptcy of Northvolt in Sweden. Founded in 2016, Northvolt faced major production challenges and global oversupply in the battery market. Its bankruptcy in March 2025 led to nearly 6,500 job losses. […]
The EIF will allocate €2.5 billion from the Next Generation Fund to boost Spanish SMEs in innovation, sustainability and competitiveness.
The European Investment Fund (EIF), the European Investment Bank Group’s (EIB Group) equity investment arm for SMEs and midcaps, the Ministry of Economy, Trade and Enterprise and eleven financial institutions have signed guarantee agreements that will enable financial institutions to channel EUR 2.5 billion of new funding to the real economy. The funding will go […]
EU launches InvestAI initiative to mobilise €200 billion of investment in artificial intelligence
At the Artificial Intelligence (AI) Action Summit in Paris, Commission President Ursula von der Leyen has launched InvestAI, an initiative to mobilise €200 billion for investment in AI, including a new European fund of €20 billion for AI gigafactories. This large AI infrastructure is needed to allow open, collaborative development of the most complex AI […]
The 2025 SME Fund is now operational
The Commission and the European Union Intellectual Property Office have launched the SME Fund 2025 to provide financial support to small and medium-sized enterprises (SMEs), a grant scheme designed to help SMEs to better manage and protect their intangible assets. The SME Fund helps SMEs protect their intellectual property rights, including patents, trademarks, industrial designs […]
The Kiwa Initiative launches new projects and additional contributions from its donors to strengthen climate resilience in the Pacific Region
In the margins of the Kiwa Initiative Steering Committee meeting chaired by Canada, the Kiwa Initiative awarded grants to ten local projects in the Pacific Island Countries, as well as launched the third Kiwa regional project implemented by Wildlife Conservation Society (WCS). The IUCN ORO manages local projects for the small to medium-sized grants, specifically […]