Chapter News

Confronting the Crisis: Priorities for the Global Economy

Thursday, April 9th, 2020

A message from Kristalina Georgieva, IMF Managing Director | April 9, 2020 Introduction: A Crisis Like No Other I want to begin by wishing my personal best to everyone—for you and your families’ health and safety during these difficult times. Today we are confronted with a crisis like no other. Covid-19 has disrupted our social and […]

Coronavirus: EU global response to fight the pandemic

Thursday, April 9th, 2020

April 8, 2020 Today, the European Commission and the High Representative set out plans for a robust and targeted EU response to support partner countries’ efforts in tackling the coronavirus pandemic. The EU’s collective action will focus on addressing the immediate health crisis and resulting humanitarian needs, strengthening partner countries’ health, water and sanitation systems […]

Digitalisation of freight transport information – Council adopts new rules

Tuesday, April 7th, 2020

April 7, 2020 The Council today adopted new rules which will make it easier for freight transport companies to provide information to authorities in digital form. Increased digitalisation of freight transport and logistics will bring significant cost savings for businesses, and make the transport sector more efficient and sustainable. A provisional agreement was reached between the […]

An Early View of the Economic Impact of the Pandemic in 5 Charts

Tuesday, April 7th, 2020

April 6, 2020 The COVID-19 pandemic has pushed the world into a recession. For 2020 it will be worse than the global financial crisis. The economic damage is mounting across all countries, tracking the sharp rise in new infections and containment measures put in place by governments. China was the first country to experience the […]

EU and 15 World Trade Organization members establish contingency appeal arrangement for trade disputes

Monday, April 6th, 2020

March 27, 2020 The EU and 15 other members of the WTO today decided on an arrangement that will allow them to bring appeals and solve trade disputes among them despite the current paralysis of the WTO Appellate Body. Given its strong and unwavering support for a rules-based trading system, the EU has been a […]

Coronavirus: Commission waives customs duties and VAT on the import of medical equipment from non-EU countries

Monday, April 6th, 2020

April 3, 2020 The Commission has today decided to approve requests from Member States and the UK to temporarily waive customs duties and VAT on the import of medical devices, and protective equipment, from third countries in order to help in the fight against coronavirus. This will make it easier financially to get the medical […]

EIB Group moves to scale up economic response to COVID-19 crisis

Monday, April 6th, 2020

April 3, 2020 • Extraordinary Board of Directors discussed the EIB Group’s proposed response to economic effects of COVID-19 crisis: a €25 billion pan-European guarantee fund to support up to €200 billion for the European economy • The Board also approved key elements of an emergency measure package announced in March The Board of Directors […]

Coronavirus: Commission and European Investment Fund (part of EIB Group) unlock €8 billion in finance for 100,000 small and medium-sized businesses

Monday, April 6th, 2020

April 6, 2020 The European Commission has unlocked €1 billion from the European Fund for Strategic Investments (EFSI) that will serve as a guarantee to the European Investment Fund (EIF), part of the European Investment Bank Group. This will allow the EIF to issue special guarantees to incentivise banks and other lenders to provide liquidity […]

Agriculture and bioeconomy: EIB approves €700 million of financing under the Investment Plan for Europe amid coronavirus pandemic

Friday, April 3rd, 2020

April 2, 2020 Highlights • Financing is guaranteed by the European Fund for Strategic Investments (EFSI) and will help make the sector more resilient in light of Covid-19 • New financing targets investments by private cooperatives and companies in the agriculture and bioeconomy sector • The EIB programme loan will amount to €700 million and […]

Coronavirus: the Commission mobilises all of its resources to protect lives and livelihoods

Thursday, April 2nd, 2020

Saving lives and supporting livelihoods in these times of acute crisis is paramount. The Commission is further increasing its response by proposing to set up a €100 billion solidarity instrument to help workers keep their incomes and help businesses stay afloat, called SURE. It is also proposing to redirect all available structural funds to the […]