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May 2015: Business and Consumer Surveys

May 2015: Business and Consumer Surveys

This May economic sentiment remained unchanged in the euro area and the EU. The Business Climate Indicator decreased slightly.

 
Negotiations on the Regulation for a European Fund for Strategic Investments successfully concluded

Negotiations on the Regulation for a European Fund for Strategic Investments successfully concluded

EU legislators successfully concluded negotiations on the Regulation for a European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe. This means that the Fund will become operational and start financing projects at the end of the summer.

 
EU and Ukraine sign Memorandum of Understanding for €1.8 bn in financial assistance

EU and Ukraine sign Memorandum of Understanding for €1.8 bn in financial assistance

Today in Riga, European Commission Vice-President Valdis Dombrovskis, Ukraine's Finance Minister Natalie Jaresko and the Governor of the National Bank of Ukraine Valeria Gontareva signed a Memorandum of Understanding and loan agreement for the third EU Macro-Financial Assistance (MFA) programme to Ukraine.

 
Statement on Cyprus

Statement on Cyprus

Following the recent visit to Nicosia by teams from the International Monetary Fund and the European Commission, in liaison with the European Central Bank, to review Cyprus's economic reform programme, staff-level agreement has been reached on policies that could serve as a basis for completion of the review.

 
New Excessive Deficit Procedure steps published

New Excessive Deficit Procedure steps published

The Commission published today new recommendation under the Excessive Deficit Procedure for Finland, Malta, Poland and the United Kingdom.