Commission to invest 2.7 billion Euro in transport sector
Today the European Commission is proposing to invest €2.7 billion in 152 key transport projects that support competitive, clean and connected mobility in Europe. In doing so, the Commission is delivering on its Investment Plan for Europe and on Europe’s connectivity including the recent “Europe on the Move” agenda. Selected projects will contribute to modernising rail lines, removing bottlenecks and improving cross-border connections, installing alternative fuel supply points, as well as implementing innovative traffic management solutions. Commissioner for Transport Violeta Bulc said: “The demand for investment in transport infrastructure is huge. This new wave of investment focuses on clean, innovative and digital projects to modernise Europe’s transport network. Today we are one step closer to a true Transport Union, serving the needs of citizens, stimulating the economy and creating jobs […].” This investment is made under the Connecting Europe Facility, the EU’s financial mechanism supporting infrastructure networks, and will unlock €4.7 billion of public and private co-financing. Under the Connecting Europe Facility, €23.2 billion is available from the EU’s 2014-2020 budget to co-fund trans-European transport network (TEN-T) projects in the EU Member States. A full press release in all languages, a Q&A and factsheets for each country are available online.
Juncker Plan: EUR 110 million to upgrade research and development facilities in Spain
The Juncker Plan has backed a EUR 110 million European Investment Bank (EIB) loan agreement with Sener, a Spanish engineering company. The loan will facilitate major upgrades to Sener’s research and development facilities in Bilbao and Madrid. This will allow the company to continue to develop innovative engineering solutions across a broad range of sectors, including the design of satellite, navigation and space propulsion systems. This agreement was made possible by the support of the European Fund for Strategic Investments (EFSI). The EFSI is the central pillar of the European Commission’s Investment Plan for Europe, the so-called “Juncker Plan”. European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “Developing new technology in the space industry requires a commitment to sustained investment. The Commission’s Space Strategy underlines the importance of promoting more private investment in this sector to ensure that Europe will remain a leading player in this evolving, competitive market. Today’s agreement demonstrates that the European Fund for Strategic Investments can play an important role in supporting this effort.” As of June 2017, the Juncker Plan is now expected to trigger over EUR 28 billion in investments in Spain and EUR 209 billion across Europe. A full press release is available here.
EU scales up its assistance against cholera outbreak in Yemen
The European Commission is scaling up its response to an unprecedented cholera outbreak in Yemen with an additional €5 million, bringing total EU support for efforts to tackle the disease to €8.8 million. “The cholera outbreak in Yemen continues to spread dramatically during the last weeks and warrants urgent action. The European Union is stepping up support to allow humanitarian partners to rapidly increase their capacity to treat people and save lives in Yemen. Crucially, humanitarian organisations must be allowed full access to do their life-saving job. While we do all we can to help those in need, only a political solution will bring this catastrophe to an end,” said Christos Stylianides, Commissioner for Humanitarian Aid and Crisis Management. The EU aid will support the United Nations cholera response plan which includes health treatment of cholera cases and preventive measures providing safe water and improved sanitation in high priority areas. Overall Commission humanitarian funding for Yemen in 2017 stands at €121.7 million. A full press release is available here.
€50 million for social enterprises in Italy
The European Investment Fund (EIF) and Banca Popolare Etica (BPE) have signed the first Social Entrepreneurship guarantee agreement in Italy under the EU Programme for Employment and Social Innovation (EaSI). This new guarantee agreement allows Banca Popolare Etica to provide a total of €50 million to 330 social entrepreneurs over the next 5 years, to both Spanish and Italian businesses. Social enterprises including those employing people with disabilities, people who have been long-term unemployed, migrants and asylum seekers, will be able to benefit from loans at a reduced interest rate, with reduced collateral requirements, under the EU supported programme. Banca Popolare Etica will focus on a vast range of social enterprise sectors, targeting innovative socially oriented start-ups, social agri-businesses and companies active using energy efficiency and renewable energy technology. Commissioner for Employment, Social Affairs, Skills and Labour Mobility, Marianne Thyssen, said: “With this new agreement, supported by EU funds, Banca Popolare Etica will be able to offer loans on preferential terms to over 330 social enterprises in Italy and will open up its lending activity towards social enterprises in Spain. By providing them a greater and easier access to finance, we contribute to the development of social enterprises in key areas for social inclusion, such as social agro-businesses and businesses contributing to the integration of migrants and refugees. We remain fully committed in combating social exclusion and improving working conditions in Europe.“ The European Investment Bank (EIB) Vice President, Ambroise Fayolle and the President of Banca Etica, Ugo Biggeri signed the agreement during the European Microfinance Network’s 14th Annual Conference in Venice, which focussed this year on the power of financial education for vulnerable populations and which brought together over 300 micro and social finance providers and representatives from guarantee-granting institutions.
State aid: Commission approves prolongation of the Croatian bank resolution scheme
The European Commission has authorised under EU state aid rules the prolongation of the bank resolution scheme in Croatia. The scheme was initially approved in October 2016. The measure will continue to be available for small banks with total assets below €1.5 billion, only if they are found to be in distress by the competent national authorities. The objective of the scheme is to facilitate the work of the Croatian resolution authorities, should a concrete case and need arise for it. The Commission found the prolongation of the scheme to be in line with the state aid rules on banking applicable since 2013. The non-confidential version of the decision will be available under the case number SA.48287 in the State Aid Register on the DG Competition website once any confidentiality issues have been resolved.
7th Cohesion Forum : After 2020
The Seventh Cohesion Forum, which will take place on 26-27 June 2017 in Brussels, is a large scale political event held every three years, bringing together more than 700 people including high level representatives from European institutions, central governments, regional and local representatives, economic and social partners, NGOs and academics. Keynote speeches will be delivered by the President of the European Commission, Jean-Claude Juncker, the President of the European Parliament, Antonio Tajani, and the Prime Minister of Malta, Joseph Muscat. The event will include a number of additional keynote speeches, three panel debates and three parallel workshops on critical issues regarding the future of Europe and the future of the European Structural and Investment Funds. More information here
Johannes Hahn visits the former Yugoslav Republic of Macedonia
Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations, will travel to Skopje on Monday 26 June to discuss the government’s reform plans and to reiterate the EU’s support as the country carries out the necessary reforms for it to become a Member of the European Union. The Commissioner will meet Prime Minister Zoran Zaev, the new government and country’s political leaders. Ahead of the visit, Commissioner Hahn said: “The country has finally overcome, with the continuous support of the European Union, its political crisis through well administered elections and the formation of a new government. Now the new government, together with the opposition, needs to focus on implementing Urgent Reform Priorities and the Pržino agreement in order to bring the country back on its EU integration path. Reforms must be done to improve the lives of the people, to work for stability, prosperity and justice. That is why I tasked a group of independent senior rule of law experts, led by Reinhard Priebe, to help and advise the new government on systemic rule of law issues“. Videos and photos of the visit will be available on EbS.