The EU Commission has announced today that three more projects have obtained the status required to be part of the List of Renewable Energy Cross-border Projects (CB RES list) under the Connecting Europe Facility for Energy (CEF Energy). The list, launched for the first time in August 2022 and updated in September 2023, has now a total of eight projects.
The EU Council adopted decisions establishing the existence of excessive deficits for Belgium, France, Italy, Hungary, Malta, Poland and Slovakia. In addition the Council established that Romania, which is under the excessive deficit procedure since 2020, has not taken effective action to correct its deficit and therefore the procedure should remain open.
The European Commission has approved a €750 million Dutch scheme to support investments in the decarbonisation of industrial production processes to foster the transition towards a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework (‘TCTF’).
The EU Commission has approved, under EU State aid rules, a €2 billion Dutch measure to support the PALLAS project aimed at producing medical radioisotopes for cancer diagnosis and treatment. The measure contributes to ensuring security of supply of essential and live-saving medicines in line with the Pharmaceutical Strategy for Europe.
The European Commission has approved a €1.2 billion Spanish scheme to support investments in the production of renewable hydrogen to foster the transition to a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework (‘TCTF’).
The EU Commission is disbursing to Spain the fourth payment for €9.9 billion (net of pre-financing) in grants, under the Recovery and Resilience Facility (RRF). As for all Member States, payments made to Spain under the RRF are performance-based and depend on the implementation by Spain of the investments and reforms described in its recovery and resilience plan.
Ukraine receives the first payment of €1.5 billion generated from immobilised Russian assets. These extraordinary revenues generated by EU operators and held by central securities depositories from immobilised Russian sovereign assets were made available by Euroclear to the Commission as a first instalment on 23 July 2024.
The EU Commission has approved an amendment to Bulgaria’s map for granting regional aid from 1 January 2022 to 31 December 2027, within the framework of the Regional aid Guidelines.
The European Investment Bank (EIB) and Aeroportos de Portugal (ANA) have signed a €50 million contract on introducing low-carbon infrastructure at nine airports in mainland Portugal and the Portuguese islands.
The European Investment Bank (EIB) and Greece’s four systemic banks have agreed a new collaboration: a €700m guarantee programme to support mid-caps in Greece. The EIB has committed to cover on a loan-by-loan basis 50% of any losses that may incur in portfolios of €1.4 billion worth of new financing to be granted by the four participating banks.
A €46 million loan from EIB to SIMEST will unlock funds to promote two strategic priorities: the green economy and innovation. The EIB will also provide advisory services to bolster SIMEST’s support for innovation and green transition.
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