The European Investment Bank (EIB) has signed a €40 million financing agreement with agri-technology company Devenish Nutrition which is guaranteed under the Juncker Plan's European Fund for Strategic Investments (EFSI).
The EIB loan will enable Devenish to develop a purpose-built Global Innovation Centre in Dowth, County Meath, from where it will develop and showcase its ‘One Health – from Soil to Society’ research, development and innovation programme. It will also fund innovation related capital projects and research into optimised animal nutrition, food innovation, health and sustainability.
The European Commission is standing by Europe's farmers this summer, as they grapple with the difficulties of extreme droughts.
Farmers will be able to receive their direct and rural development payments in advance and will be granted more flexibility to use land that would normally not be used for production, in order to feed their animals.
This year, Irish research institutions have won 6 European Research Council grants representing a total of €8.7 m in funding.
Six Irish researchers from Trinity College Dublin, NUI Galway and University of Limerick will be awarded Starting grants for their projects. This represents a big improvement on last year when Ireland won 2 grants.
In addition, a further 3 scientists with Irish nationality hosted at universities outside Ireland won grants.
Today four more Galileo satellites were successfully launched from the European spaceport in French Guiana on the European launcher Ariane-5. Now with a constellation of 26 satellites, the EU's global satellite navigation system will provide a more precise signal across a range of valuable services.
Two Dublin-based SMEs were this week selected for EU funding to help them get their innovative projects to market faster.
- Cortechs Connect Ltd for its CereBrill project (brain training tools to improve the focus of children with ADHD)
- InnoPharma Labs Ltd for its SmartCrys project (Advanced intelligence and close-loop control for Crystallisation of API’s (Active Pharmaceutical Ingredients).
The two SMEs will each receive up to €2.5 million.
The European Commission has today adopted a Communication outlining the ongoing work on the preparation for all outcomes of the United Kingdom's withdrawal from the European Union.
On 30 March 2019, the United Kingdom will leave the EU and become a third country. This will have repercussions for citizens, businesses and administrations in both the United Kingdom and the EU. These repercussions range from new controls at the EU's outer border with the UK, to the validity of UK-issued licences, certificates and authorisations and to different rules for data transfers.
The European Commission's Summer 2018 Interim Economic Forecast predicts Ireland to have the highest GDP growth in the EU in 2018 at 5.6%. This is well above the GDP growth rate of 2.1% forecast for the euro area and the EU28 for this year.
GDP growth of 4% is expected for Ireland for 2019, double the growth rate predicted for the EU and the euro area.
Inflation in Ireland is expected to reach 1% this year and 1.3% in 2019, below the 1.7% rate forecast for the EU for both 2018 and 2019.
You can read the full Irish forecast here.
See below for the full European Commission press release.
This report by the European Commission presents the findings of the ninth post-programme surveillance mission to Ireland and identifies remaining challenges for the Irish economy.
Read the Executive Summary below.
Download the full report here.
Following a number of requests from citizens, the European Parliament and certain EU Member States, the Commission has launched a public consultation into the current EU summertime arrangements.
European citizens and stakeholders are invited to share their views on the matter by 16 August 2018.
As of Sunday 1 July, travellers booking package holidays will enjoy stronger consumer rights.
Not only will traditional package holidays be covered, the new rules will also protect consumers who book other forms of combined travel, including self-customised packages, where the traveller chooses different elements from a single point of sale online or offline.
The new rules will also introduce protection for 'linked travel arrangements' when the traveller purchases travel services at one point of sale, but through separate booking processes, or, after having booked one travel service on one website, is invited to book another service on a different website.