Save the date: EU Sustainable Investment Summit – 24 January 2024 and InvestEU: Financing Europe’s Future - 23 January 2024
Brussels Economic Forum: Save the date – 16 May 2024
This report provides an overview of economic developments in candidate and pre-candidate countries.
This report takes a close look at how inflation is affecting consumer sentiment and behaviour.
The European Investment Bank (EIB) has signed an agreement for a loan of up to €10 million with Lublin-based Polish company SDS Optic Inc., to support the development and commercialisation of its diagnostic and monitoring photonic biosensing platform. The EIB investment is backed by the InvestEU programme
A European Investment Fund guarantee agreement with ING Belgium will enable up to €214 million in new financing for Belgian small and medium-sized enterprises. The agreements were made possible with the support of the InvestEU programme.
The Commission has given a positive assessment of Spain's modified recovery and resilience plan, which includes a REPowerEU chapter. The plan is now worth €163 billion (€83 billion in loans and €80 billion in grants) and covers 111 reforms and 142 investments. The Council will now have, as a rule, four weeks to endorse the Commission's assessment.
The Commission has received the payment request from Portugal for the third and fourth instalments under the Recovery and Resilience Facility. The request covers reforms such as improving the quality and sustainability of public finances and improving access to highly regulated professions, as well as investments in housing and education.
Bulgaria's second payment request for €724 million in grants relates to 61 milestones and 5 targets, covering investments in areas such as research and innovation, smart industry, the renovation of buildings and the digitalisation of the electricity transmission grid. The Commission will now assess the request.
The payment of €18.5 billion in grants and loans was made possible by Italy's fulfilment of the 54 milestones and targets linked to the third instalment. They include several key reforms in areas such as competition, justice, education, as well as investments in digitalisation, renewables, electricity grids, railways, and social policies.
Register now to this year’s hybrid edition of the Annual Research Conference 2023, European Integration, Institutions and Development, taking place in Brussels on 13, 14 and 15 November 2023. Check the website for more details on the programme.
The European Investment Bank has approved framework financing of up to €1.7 billion for Solaria to support the construction of some 120 photovoltaic power plants mostly located in Spain, as well as Italy and Portugal. The project is backed by the InvestEU programme.
The Commission has paid €1.5 billion under the Macro-financial Assistance + package for Ukraine, worth up to €18 billion. With this instrument, the EU seeks to help Ukraine cover its immediate funding needs, with stable, predictable and sizeable financial support in 2023. With today's payment, Ukraine has so far received €13.5 billion this year under Macro-financial Assistance +.
The Commission has endorsed a positive preliminary assessment of Estonia's payment request for €286 million of grants. Estonia submitted a payment request based on the achievement of the 28 milestones and 1 cover reforms and investments related to energy, green and digital transition, labour market, health and long-term care, green skills, innovation and transport.
Slovakia’s third payment concerns 21 milestones and 6 targets. The reforms include measures to promote renewables, boost the green renovation of buildings and setting up an industry decarbonisation scheme. The investments include the greening of the national police force vehicle fleet, by providing them with electric and hybrid vehicles.
Italy's fourth payment request, which is worth €16.5 billion, relates to 21 milestones and seven targets covering several reforms in the areas of social inclusion, public procurement and investments related to digitalisationthe development of the space industry, green hydrogen, transport, research, education and social policies.
“Two-and-a-half years since its launch, the Recovery and Resilience Facility is delivering on its promise. From clean energy to high-speed internet, from training and education to flood protection, RRF funds are supporting crucial investments and reforms that are already improving the lives of millions of Europeans.”
The second annual report on the implementation of the Recovery and Resilience Facility (RRF) shows that the Commission has disbursed €153.4 billion for the delivery of agreed investments and reforms. The report casts light on the high level of transparency which characterises the instrument, and provides information on the Commission's actions to strengthen audit and control over the RRF.
Register Now to the Annual Research Conference, 13-15 November 2023
This paper analyses two central elements of the ECB’s 2021 monetary policy strategy review in an estimated open-economy structural macroeconomic (DSGE) model of the euro area: (1) explicit symmetry of the 2% inflation target, and (2) commitment to persistent monetary accommodation when interest rate are close to the lower bound.
