Last July 7, the Commission positively assessed Spain’s fifth payment request for 23 billion under the Recovery and Resilience Facility (RRF), the centrepiece of NextGenerationEU. This assessment is a significant step towards the disbursement of EU funds to support Spain’s economic growth and resilience efforts. The Commission found that Spain delivered reforms and investments that will benefit citizens and businesses, focusing […]
Nature Credits Roadmap to reward nature-positive action and boost private finance
Last July 7, the European Commission launched a ‘Roadmap towards Nature Credits’, to incentivise private investments into actions that protect and preserve nature, and reward those who undertake these actions and invest in them. Nature credits represent an investment into nature-positive actions by a company, a financial institution, a public entity or a citizen, which in […]
EU invests €2.8 billion in 94 projects to enhance sustainable mobility across Europe
The European Commission selected 94 transport projects to receive nearly €2.8 billion in EU grants under the Connecting Europe Facility (CEF). By modernising railways, inland waterways and maritime routes across the trans-European transport network (TEN-T), the projects will not only help better connect European regions and cities – north to south, east to west, but also make the EU’s […]
New companies selected for major investments under the EIC STEP Scale Up program
The Commission has announced the second group of companies that have successfully passed the assessment phase of the Scale Up call of the European Innovation Council’s (EIC) Strategic Technologies for Europe Platform (STEP). Together, they will receive up to a total of €90 million in equity investments, and will now move to the ERC Fund […]
Commission requests information for European savings and investment accounts scheme
The European Commission invites citizens and stakeholders to contribute to the development of a European savings and investment account scheme. This initiative, which is part of the Savings and Investment Union Strategy, aims to make it easier for citizens to participate in capital markets, improving the profitability of their savings while increasing the finance available […]
EU-Chile Interim Trade Agreement enters into force
The EU-Chile Interim Trade Agreement (ITA) has entered into force, following the completion of Chile’s ratification process. The ITA, which was signed in December 2023, is of key geopolitical importance. It will boost the competitiveness of businesses on both sides, while providing a shared platform for the development of our net-zero economies. This work will be further underpinned by ongoing […]
Council sets budget expenditure paths for 21 Member States
The Council moved a step closer to implementing the EU’s new fiscal rules by adopting today recommendations approving the first national medium-term fiscal-structural plans and setting out net expenditure paths for 21 Member States. The national medium-term fiscal-structural plans are a cornerstone of the new economic governance framework. They set out Member States’ fiscal paths, […]
The European Commission approves a €120 million Spanish scheme to support investments in strategic sectors of the Asturias region
The European Commission has approved a €120 million Spanish scheme to support investments in strategic sectors in the Asturias region to foster the transition to a zero net emission economy, in line with the Green Deal Industrial Plan. The scheme was approved under the Temporary Crisis and Transition Framework for state aid, adopted by the […]
Do you know what the EU has done to promote and support the development and use of clean technologies?
In a Communication adopted, the Commission is setting out what the EU has done to promote and support the development and deployment of clean technologies, by reinforcing the Single Market, ensuring a level-playing field, supporting research and innovation, expanding its network of trade agreements, and mitigating the impact of external developments. It also looks at first […]