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Transatlantic News
Transatlantic News
13
May
Previous NY Green Bank Investments Have Added Solar at 840 Homes and Wind Turbine Construction in Five Counties; Projects Expected to Reduce Carbon Emissions By Nearly Three Million Metric Tons
Governor Andrew M. Cuomo today announced the closing of four new NY Green Bank transactions, which are expected to generate up to $220 million in clean energy projects, including more than 6,200 residential rooftop solar installations across the state. NY Green Bank investments will also result in up to eight...
13
May
The EU is backing €150 million of investment in Greek small and medium-sized companies and signed the first financing agreement for a project backed by the European Fund for Strategic Investments in Greece: Creta Farms.
Investing in Greek small and medium-sized companies
Three deals were signed between the European Investment Fund and Greek intermediary banks and funds providing €150 million of additional investment to very small, small and medium-sized companies (SMEs) in Greece. Each agreement is backed by European Commission programmes.
The...
12
May
After more than three years of negotiations to forge a Transatlantic Trade and Investment Partnership (TTIP), many elements of the agreement are still far from settled. However, it is possible to reach agreement in 2016. The negotiators are determined, and there is mounting awareness that an agreement that underscores the importance of the transatlantic economic relationship and strengthens the strategic relationship between the European Union (EU) and the United States is needed.
There is ample rhetoric in the media about...
12
May
Harmonised EU entry and residence rules to make it easier and more attractive for people from third countries to study or do research at EU universities were approved by Parliament on Wednesday. The new rules clarify and improve conditions for non-EU interns, volunteers, school pupils and au pairs.
The new rules merge two existing directives (one on students and one on researchers) to ensure that:
students and researchers may stay at least nine months after finishing their studies or research in...
10
May
The Eurogroup welcomes the completion of a policy package, which should pave the way for a successful completion of the first review of the ESM programme, upon the adoption of the agreed prior actions.
Greece will implement as part of the prior actions for the first review:
a first package of fiscal parametric measures amounting up to 3% of GDP by 2018; this package includes a pension reform, a reform of the personal income tax and additional fiscal parametric measures, such...
09
May
The European Investment Fund (EIF) and ProCredit group have signed a guarantee agreement to increase lending to innovative small and medium-sized enterprises (SMEs) and small mid-caps in Greece.
This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.
Under the new agreement ProCredit group will provide EUR 20 million of loans to innovative companies in Greece over the next two years. The loans will be supported by an EIF...
09
May
09
May
Ladies and Gentlemen,
I would like to thank the organisers for inviting me to participate in this event.
In my remarks today, I intend to outline my assessment for the euro area outlook against the backdrop of developments in the rest of the global economy. In doing so, I will discuss the prospects of the euro area’s recovery as well as some of the policy initiatives which are required to make it more lasting and vigorous.
The main point that I want...
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