The European Investment Bank (EIB) and ILUNION, a company of ONCE Social Group, have signed a €60 million green loan to finance the use of energy-efficient technologies at 50 of the company’s facilities. The investments focus on ILUNION’s network of hotels and industrial laundries in Spain.
As part of her visits of European capitals, European Investment Bank (EIB) Group President Nadia Calviño visited Athens today to discuss Europe’s strategic priorities and investments in Greece with Prime Minister Kyriakos Mitsotakis and Minister of Finance Kostis Hatzidakis.
Iliana Ivanova is the current EU Commissioner for Innovation, Research, Culture, Education, and Youth. Holding a Master’s degree in International Economic Relations, she previously served as Bulgaria’s member of the ECA from 2013 to 2023. Her nomination was backed unanimously by all 21 members participating in the vote.
On Thursday, Budget Committee MEPs approved €116 million in EU Solidarity Fund aid to support recovery efforts in two EU countries relating to floods that occurred in 2024.
Several German ministries launched a joint Call of the International Climate Initiative (IKI) at the Climate Change Conference in Baku. The IKI is looking for ambitious and innovative project ideas from around the world to combat the climate crisis and protect biodiversity in developing countries and emerging economies.
The European Union disbursed further short-term emergency financial support to the Palestinian Authority (PA). It amounts to a total of €110 million in grants through the PEGASE mechanism to pay salaries and pensions of the civil servants in the West Bank and to ensure the provision of essential services.
The European Commission has today raised €7 billion of EU Bonds in its 10th syndicated transaction for 2024, €3 billion of which in the form of NextGenerationEU (NGEU) Green Bonds.
In 2025, the EU’s Erasmus+ programme will support learning exchanges abroad and cooperation partnerships in education, training, youth and sport with around €5 billion. Representing a 6.5% increase in funding compared to last year, the Commission published the Erasmus+ 2025 call for proposals today.
The EU Council today approved the EU Commission’s positive assessment of Italy’s amended recovery and resilience plan. According to the analysis of the Commission, the targeted modifications put forward by Italy do not affect the relevance, effectiveness, efficiency and coherence of its recovery and resilience plans.
Today the EU Agriculture Council agreed to mobilise the European Union Solidarity Fund to provide assistance to Germany and Italy relating to natural disasters occurred in 2024. The assistance will come from the EU’s 2024 budget.
MEPs achieved increases for the 2025 EU budget and secured funds for helping EU countries facing climate-related disasters. Once the Council formally adopts the compromise, a vote is expected in the Parliament’s plenary session (planned for 27 November in Strasbourg), then it is signed into law by the President.
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