State of the Union 2017: Commission presents strategy for a smart, innovative and sustainable industry
The Commission today presented a renewed EU Industrial Policy Strategy for a world leading industry in innovation, digitisation and decarbonisation. Industry is at the heart of the Juncker Commission’s political priorities since the beginning of the mandate. Now the Commission brings together all horizontal and sector-specific initiatives to support industry into a comprehensive strategy. The strategy announces new initiatives in the areas of circular economy, mobility, intellectual property, public procurement, skills and sustainable finance, in addition to the proposals on trade, investment screening, cybersecurity and data announced by President Juncker in his State of the Union address on 13 September. It also clarifies the tasks ahead for all actors involved and sets out the fora – an annual Industry Day, the first edition of which took place in February 2017, and a High Level Industrial Roundtable – that will allow in particular industry and civil society to steer industrial policy actions in the future. For more information on today’s Industrial Policy Strategy see related press release, factsheets on the Strategy and Key Commission initiatives and stockshots on European industry. The press conference with Vice-President Katainen and Commissioner Bieńkowska held today in Brussels can be watched on EbS.
Juncker Plan supports agriculture project in Bulgaria as EIB opens office in Sofia
The European Investment Bank (EIB) has signed a loan agreement in Bulgaria with Oliva AD, the leading sunflower and oil producer and grain trader in the country. The company will use the loan to finance the construction of a new sunflower oilseed production plant and storage and logistics facilities in the Beloslav municipality near Varna. This agreement is supported by the European Fund for Strategic Investments (EFSI), the core part of the Investment Plan for Europe, or so-called Juncker Plan. The EIB also opened a new office in Sofia today, which will help provide local, targeted assistance for project promoters and small businesses looking for investment. Commissioner for Agriculture, Phil Hogan, said: “I welcome the EIB’s commitment to targeting EU investment to the agri-food sector. This is a growth sector with massive potential to contribute more to job creation and growth with smart, tailored investment. I encourage any and all agri-food operators with a suitable investment plan to make contact with the EIB to investigate what options may be open to them.” (For more information see the new and updated website, which has the latest data about EFSI financing including results for all countries, material such as stories about small businesses that have benefitted from the EFSI, and all the latest news.