On 3 October, the Commission presented a proposal to the Council for a decision to grant €2.5 billion additional financial support under the SURE instrument to Czechia, bringing the total support to the country to €4.5 billion.
The Commission has welcomed the Council's approval of its assessment of the recovery and resilience plan of the Netherlands.
On 3 October, the Eurogroup discussed the macroeconomic situation in the euro area and in particular the fiscal policy response to high energy prices and inflationary pressures.
This European Economy Economic Brief discusses the effects of mortgage interest tax relief and in particular EUROMOD simulations of a removal of the relief in 14 EU Member States.
Don’t miss the upcoming conference ‘Towards a legislative framework enabling a digital euro for citizens and businesses’ which will take place on Monday, 7 November in Brussels. Save the date – more details coming soon!
Register now for this year’s hybrid edition of the EU Sustainable Investment Summit, Building Tomorrow, taking place in Brussels on 28 October 2022. Check the website for more details on the programme #InvestGreenEU.
The EU Finance Days 2022 are organised by the European Commission and implementing partners to present new financial and support programmes to relevant stakeholders. Join us at the EU Finance Days targeting Bulgaria on 19 October 2022.
Access to microfinance by entrepreneurs and farmers across Romania will be boosted by a new cooperation between the European Investment Fund (EIF), backed by the new InvestEU programme, and BT Mic, Romania's largest microfinance institution.
The European Investment Bank (EIB) is granting a loan of 130 million euros supported by the new InvestEU program to the French group Loxam, active in the rental of equipment and tools.
On 29 September, the Commission presented three proposals to the Council for decisions to grant financial support under the ‘Support to mitigate Unemployment Risks in an Emergency' (SURE) instrument.
The Commission has published its fourth bi-annual report on the implementation and impact of SURE, the €100 billion instrument designed to protect jobs and incomes affected by the COVID-19 pandemic.
“The successful completion of these 45 milestones and targets will open the way, once the relevant procedures are completed, to a further disbursement of €21 billion. NextGenerationEU is the strongest common tool we have at our disposal. For Italy, it represents a unique opportunity to build a more competitive and sustainable economy and a fairer society. I urge the next Italian Government to ensure that this opportunity is seized.”
On 27 September, the European Commission endorsed a positive preliminary assessment of Italy's second payment request for €21 billion, of which €10 billion in grants and €11 billion in loans (net of pre-financing), under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
In this paper, the interest rates transmission to savings at low and negative rates is studied by exploiting the microdata from the EU Consumer Survey in combination with data on the monthly nominal interest rates offered on one-year household deposits in financial intermediaries across 19-euro area countries.
The paper discusses the housing market developments in the euro area with focus on housing affordability that has deteriorated in the recent years, it shows different dimensions and measures of affordability, including the regional patterns, and discusses policy areas affecting housing markets in general and housing affordability in particular.
This study analyses short-term inflation expectations in the euro area using empirical data.
The European Investment Fund (EIF) has provided a €30 million contribution to the new energy fund of the Belgian growth equity fund Junction, with a first close reached at €75 million.
The European Commission has endorsed a positive preliminary assessment of Romania's first payment request for €2.6 billion, of which €1.8 billion in grants and €0.8 billion in loans, under the Recovery and Resilience Facility (RRF), the key instrument at the heart of NextGenerationEU.
The Commission has received the second payment request from Croatia under the Recovery and Resilience Facility (RRF) for a disbursement of €700 million in financial support (net of pre-financing).
On 14 September, the European Investment Bank (EIB), the EU bank, disbursed the first tranches of the €1.59 billion package of the Ukraine Solidarity Urgent Response, which is supported by an EU guarantee.
