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Spain: EIB and Otua sign €40 million loan to back the construction of a waste recycling plant in the Basque Country

The project, backed by the InvestEU programme, will making it possible to recover reusable materials from automotive waste. The investment contributes to the EU Circular Economy Action Plan and to “Circular Spain 2030” the Spanish national strategy to develop a circular economy. The European Investment Bank (EIB) and Basque Country-based Otua Group have signed a […]

Commission approves €350 million Portuguese State aid scheme to support transition to a net-zero economy

The European Commission has approved a €350 million Portuguese scheme to support investments for the production of equipment necessary to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan. The scheme was approved under the State aid Temporary Crisis and Transition Framework, adopted by the Commission on 9 March […]

EU and World Bank create new facility to strengthen capacity of civil protection in Europe

With initial funding of €6 million in 2024, the EU will help civil protection authorities of EU Member States, EU Civil Protection Mechanism Participating States, and Georgia and Kosovo[1] to bolster their capacity to achieve the Disaster Resilience Goals. Today, the European Commission launches a new financial support instrument targeting national civil protection authorities to […]

Amendment to EU budget 2024 in record time to continue delivering on EU priorities

Today, the European Commission adopted a proposal to amend the EU budget for 2024 to reflect the changes made following the agreement between the European Parliament and the Council on the revision of the Multiannual Financial Framework (MFF) for 2021-2027. This amended budget will enable the Union to continue delivering this year on the EU's […]

Over €233 million in Strategic Environment and Climate Projects across Europe

Today, the Commission is investing over €233 million in twelve new Strategic Projects across Europe under the LIFE programme to support the implementation of the EU's environmental and climate ambitions under the European Green Deal. These Strategic Projects are expected to mobilise substantial additional funds from other EU sources, including agricultural, structural, regional and research […]

Mid-term evaluation of the Recovery and Resilience Facility #NextGenerationEU

Today, the Commission presented the mid-term evaluation of the Recovery and Resilience Facility (RRF), the EU's recovery instrument at the heart of the €800 billion NextGenerationEU (NGEU) plan. Unprecedented in its scale and ambition, the RRF was established in February 2021 and has the two-fold objective of helping Member States to recover from the COVID-19 […]

New initiatives for digital infrastructures of tomorrow

Today, the Commission presented a set of possible actions to foster the innovation, security and resilience of digital infrastructures. The future competitiveness of Europe's economy depends on these advanced digital network infrastructures and services, since fast, secure, and widespread connectivity is essential for the deployment of the technologies that will bring us into tomorrow's world: […]

Report from experts on the Future of Cohesion Policy

Today, the independent Group of High-Level Specialists on the Future of Cohesion Policy presented its report, which assessed the functioning of Cohesion Policy and included recommendations on how to ensure the Policy continues to promote prosperity and convergence across the EU. These recommendations will add to the ongoing reflections and body of opinions from many […]

EIF and ICF join forces to mobilise €64 million to support social enterprises and cultural and creative businesses in Catalonia #InvestEU

With the support of the InvestEU programme, the European Investment Fund (EIF) will provide the Catalan Finance Institute (ICF) with a capped portfolio guarantee that will leverage €64 million in support of social enterprises and entities within the cultural and creative sector in Catalonia. This transaction is the first guarantee agreement between the two institutions […]

The Commission announces initial humanitarian aid of €1.8 billion for 2024

With almost 300 million people estimated to need humanitarian assistance in 2024, the EU once again reinforces its commitment to support the most vulnerable globally. The Commission has therefore adopted its initial annual humanitarian budget of more than €1.8 billion for this year. The European Commission's humanitarian aid in 2024 will be allocated as follows: […]

EU young translator contest unveils this year's 27 winners

The European Commission announces the 27 young winners of its 17th EU young translation contest (Juvenes Translatores) for secondary schools. The topic of this year was ‘daring to make a difference'. Over 3 000 enthusiastic participants put their language skills to the test, choosing to translate a text between any two of the EU's 24 […]

Horizon 2020 evaluation shows that investment in EU research and innovation greatly pays off

Horizon 2020, the EU's research and innovation programme running from 2014 to 2020 with a budget of nearly €80 billion, made a major contribution to building an EU society and economy rooted in knowledge and innovation and benefitted Europeans far beyond what could have been achieved at national or regional level. Enabling rapid response to […]
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