European Commission launches Competitiveness Compass to boost innovation and economic resilience On Wednesday, 29 January, the European Commission unveiled its Competitiveness Compass, an initiative aimed at strengthening the EU’s competitiveness, resilience, and innovation. The Compass comes at a critical moment for Europe as it strives to maintain its position in the face of growing global competition. The Competitiveness Compass will closely follow the recommendations laid out by both the Draghi and the Letta reports. The Compass comprises three pillars: Pillar 1: Closing the innovation gap Pillar 2: A joint...

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The EIB Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024. A record of nearly 60% of all EIB Group financing supported the green transition, climate action and environmental sustainability. There was a sharp increase in higher-risk activities, with a record €8 billion committed for equity and quasi-equity investment. Financing for security and defence projects doubled to €1 billion in 2024, with a further doubling planned in 2025. The European Investment Bank (EIB) Group...

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Montpellier, January 30, 2025 – Cilcare, a biotechnology company specializing in auditory sciences, is pleased to announce the appointment of Dr. Preethi Sundaram to its Board of Directors. With 25 years of experience in the pharmaceutical industry, Dr. Sundaram brings exceptional expertise in drug development, commercialization, and business development strategies, including mergers and acquisitions. She joins Cilcare at a strategic juncture to contribute to the company’s mission of leveraging precision auditory sciences to redefine and reimagine the future of care...

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EIB Global loan will partially fund SES’s continued O3b mPOWER medium earth orbit fleet expansion, enabling additional capacity worldwide. The O3b mPOWER satellite network aims to bridge the urban-rural digital divide, supporting objectives of the EU’s Global Gateway initiative and the EU Space Programme 2021-2027. The European Investment Bank’s global arm, EIB Global, has signed a €125 million loan agreement with SES, a provider of satellite-enabled content and connectivity solutions, for three satellites of its second-generation medium earth orbit (MEO)...

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Aalborg, Denmark – January 22, 2025 – MDSI (EU & US) announced today collaboration partnerships with Integrity ISR, LSAS Tec, and NAL Research to pursue concept exploration and advanced development in multi-domain situational awareness. The partnership is initially focused on expanding Quantum Eye, MDSI EU’s multi-domain situational awareness platform, which is now providing critical ISR services for Greenland. The new high-performance team consisting of MDSI, Integrity ISR, LSAS Tec, and NAL Research will bring a best of industry approach to...

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The European Stability Mechanism (ESM) and the European Investment Bank (EIB) signed today a Memorandum of Understanding (MoU). Its overall aim is to further strengthen and enhance the bilateral partnership and collaboration between both institutions, and to develop, consolidate, and define their mutual cooperation.  “The Memorandum of Understanding signed today opens a new chapter in our collaborative framework. It builds upon the ongoing partnership since the early days of the EFSF in 2010, when the EIB provided valuable support in...

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Donald Tusk revealed Polish Presidency priorities with focus on defence Polish Prime Minister Donald Tusk addressed MEPs in Strasbourg on Wednesday (22 January), presenting Poland’s agenda for its six-month presidency of the EU Council. Under the slogan of ‘Security, Europe!’, Tusk outlined defence as the paramount theme in the EU for the next six months, given an increasingly volatile global landscape, while also touching on migration, energy, and economic resilience. Defence Mr. Tusk highlighted the unprecedented challenges facing the EU, urging a...

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