25 Nov 2016
EUROPEAN COMMISSION DAILY NEWS – 25 NOVEMBERBrussels Daily
Better access to finance for European farmers: new joint instrument combining rural development and funding with EFSI
The European Commission and the European Investment Bank Group are preparing a joint financial instrument to combine rural development funding with the European Fund for Strategic Investments, the core of the Juncker Commission’s Investment Plan for Europe. Using the EFSI guarantee in combination with European Structural and Investment Funds (ESIF) will increase the firepower of the support. Details of the initiative will be discussed now and will be announced in due time, including with pilot projects in several Member States over the next two years. Vice-President Katainen said: “EFSI financing is available to support and already supports agricultural SMEs and economically and technically viable projects in the agri-food sectors. This new Financial Instruments vehicle is a welcome step towards using more financial instruments on the agri-food sector – we are on the right track for more jobs and growth.” Commissioner Hogan said: “By developing financial instruments of the right type and right quantity in the agri-food sector, we can dramatically enhance the capacity of our farmers and agri-businesses to innovate, grow, export and create jobs. The new EAFRD – EFSI Initiative is a great new opportunity that offers excellent possibilities for attracting private capital. I am ready to throw my full support behind all Member States willing to open the financial world to their farmers and rural businesses.” The announcement took place at today’s 7th Fi-Compass conference, broadcasted live on EbS. The presentations made at today’s event are available on the conference website.
18th EU-Ukraine Summit: Support, Solidarity and a Strengthened Partnership
At the 18th EU-Ukraine Summit, the EU reaffirmed its solidarity with Ukraine and its support for the government’s continuing reform efforts. Read the full press release on the Summit here. President Juncker welcomed the progress made: “Over the last two or three years, while working faithfully with President Poroshenko and his government, we have witnessed a great deal more progress during this short period than in the previous twenty years“. President Juncker spoke of the need for the European Parliament and Member States to reach an agreement in order to allow visa liberalisation to be granted before the end of the year. President Juncker welcomed President Poroshenko’s commitment to meet all remaining reform conditions for the next disbursement of the Macros Financial Assistance. Read the full remarks of President Juncker at the Summit press conference here. Cooperation was strengthened in a number of other areas with the signing of a Memorandum of Understanding on a Strategic Energy Partnership (press release available here) and the confirmation of a range of support programmes designed to foster accountable and transparent governance. A €15 million reform assistance programme to help Ukraine fight corruption is one element in a €300 million programme that also includes support for decentralisation (€97 million), the reform of public administration (€104 million), and the rule of law (€52.5 million).
NEWS IN FULL