The aim of this new agreement is to provide financing on favourable terms for small projects Ensuring that credit reaches entrepreneurs and young people wanting to turn their ideas into a business is the objective behind the agreement signed between the European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO). The EIB will provide EUR 400m to ICO, which will in turn contribute an additional EUR 400m of its own, meaning that the financing volume available to micro-enterprises (with...

Cleaner cars, more European films on streaming services and concerns about the state of rule of law were among the highlight of this week’s plenary session. New cars from 2030 onward should emit 40% less CO2 than in 2021 and at least 35% of them should be electric or hybrid, MEPs proposed on Wednesday. On Tuesday Parliament approved new EU audiovisual media services rules that will better protect children and support European productions. That same day MEPs voted in favour of cancelling €70 million in pre-accession funds to Turkey, saying...

In a joint statement the European Union and United Nations have expressed their determination to further strengthen their cooperation. "At a time of unprecedented and pressing global challenges, the United Nations and the European Union continue to engage together as positive forces for change to promote and renew full commitment to multilateralism and a rules-based global order, in line with their respective mandates, and to work closely for stability and prosperity to promote a safer and better world for...

The EU is hosting a number of flagship events in the margins of the General Assembly and EU representatives have a full agenda of high-level debates  President Jean-Claude Juncker, First Vice-President Frans Timmermans and High Representative/Vice-President Federica Mogherini will together with European Council President Donald Tusk attend today the opening of the 73rd UN General Assembly in New York. In the side-lines, President Juncker, accompanied by Commissioner Hahn, will also hold a bilateral meeting with the Prime Minister of Georgia Mamuka Bakhtadze. Yesterday, President Juncker - at the Nelson Mandela Peace Summit at the United...

by Bill Rhodes, President and CEO of William R. Rhodes Global Advisors, LLC and author of Banker to the World: Lessons from the Front Lines of Global Finance Don’t be fooled. The high levels of volatility in emerging markets and sharp, sporadic pressures on a range of currencies, including those of Argentina, Mexico and Turkey, which holds elections on Sunday, are the opening salvos in a new period of mounting risks and uncertainties. The tensions and challenges in developing economies that will...

The European Fund for Strategic Investments #EFSI has mobilised €335 billion in additional investment across the EU since July 2015. It has supported at least 750,000 jobs in the EU.     More results here.   EFSI in the Research, Development and Innovation sector Sustained investment is required to turn research and development into innovation. Investing in research is a priority for the EU and the Investment Plan for Europe has been instrumental in supporting research-related projects across Europe. On average, around a quarter of Investment Plan...