“We must invest more in defence and make up for years of budget cuts and underinvestment. The message is clear: we need to reduce fragmentation and invest more together, starting now”, said High Representative/Head of the European Defence Agency, Josep Borrell, during the first European Defence Innovation Day – organised by the European Defence Agency […]
€700 million for businesses affected by the COVID-19 crisis in Spain
The European Investment Bank (EIB) has signed a new agreement with Banco Sabadell under the Pan-European Guarantee Fund (EGF), which is part of the €540 billion package of measures with which the European Union is responding to the economic impact of COVID-19. The EIB will provide Banco Sabadell with a guarantee of up to €300 million to finance […]
Eurojust 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. […]
Economic and Investment Plan to support the economic recovery and convergence of the Western Balkans
The European Commission adopted a comprehensive Economic and Investment Plan for the Western Balkans, which aims to spur the long-term economic recovery of the region, support a green and digital transition, foster regional integration and convergence with the European Union. EU High Representative for Foreign Affairs and Security Policy/Vice-President of the European Commission, Josep Borrell, […]
Health Programme: Support for health investment
Health stakeholders face challenges when it comes to planning, accessing and combining funding to meet the needs of their health systems. Most health authorities are accustomed to receiving direct funding from government budgets and European Union grants, and do not have sufficient skills to shape strategies and investment plans. There is a clear need to […]
Juncker Plan: €800 million for innovative small and medium-sized businesses in eleven countries
The European Investment Bank (EIB) and ProCredit Group are providing €800 million to innovative small and medium-sized companies (SMEs), under the European Fund for Strategic Investments (EFSI), the core element of the Investment Plan for Europe, or “Juncker Plan”, and the InnovFin SME Guarantee Facility. Financing innovative SMEs The EIF-backed financing is now available through ProCredit banks […]