This edition of the QREA takes a close look at consumption smoothing and the role of banking integration; structural change in labour demand and skills mismatches; and implicit pension liabilities.
The EFSI-backed financing aims to improve competitiveness and access to finance for Italian SMEs and midcaps in the industry, services, tourism and agriculture sectors. The loan, through the EU-budget guarantee, will contribute to mitigate the effects of the COVID-19 pandemic with approximately 50% of the new SMEs to be originated in the severely affected regions of Lombardy, Veneto and Emilia Romagna.
The EU-budget gurantee will support €100 million investment in the research, development and manufacture of an effective and safe SARS-CoV-2 vaccine, which could be rapidly made accessible to a substantial proportion of the population. This EFSI project also benefits from InnovFin Risk Sharing for Corporate Research, backed by Horizon 2020.
In the framework of the EFSI and as part of the coordinated response between the European Commission and the EIB Group to the COVID-19 crisis, a €72 million guarantee will be provided to address the working capital, liquidity and investment needs of Polish SMEs and midcaps affected by the pandemic outbreak in Poland.
A German biotherapy company will use placental stem cells and a 3D technology to research and develop cell therapies, to treat various conditions, including complications from COVID-19. An investment of €50 million, backed by the EU-budget guarantee, will finance the further research and development required to bring the products to market.
A multi-beneficiary intermediated loan (MBIL), backed by the EU-budget guarantee, will enable BBVA to expand its capacity for new lending. This will enhance access to loan finance to SMEs and midcaps affected by the COVID-19 pandemic in Spain.
Latest news on InvestEU
The European Investment Project Portal: More than 1,000 projects published
The European Investment Advisory Hub: More than 1,750 requests received
Investment Plan for Europe exceeds €500 billion investment target ahead of time
Recent press releases on EFSI
Latest results as of September 2020
Who would have imagined the changes that the year 2020 has brought, also for the Brussels Economic Forum?
This study examines the multiple reasons behind the gender investment gap, with a specific focus on the lack of female investors. It also discusses how InvestEU could stimulate gender-smart financing.
In September 2020, the recovery of the Economic Sentiment Indicator (ESI) continued, albeit at a somewhat slower speed.
The European Commission has launched an evaluation and impact assessment on the use of 1- and 2-cent coins.
The European Commission has launched a new Customs Union Action Plan setting out a series of measures to make EU customs smarter, more innovative and more efficient over the next four years.
“We must do everything in our power to preserve jobs and livelihoods…SURE is a clear symbol of solidarity in the face of an unprecedented crisis. Europe is committed to protecting citizens.”
The Commission has adopted the seventh enhanced surveillance report for Greece.
The European Commission welcomed the Council's approval of a €87.4 billion grant to provide financial support to 16 Member States.
