The EU Commission has received the fifth payment request from Greece for €1.35 billion in grants (net of pre-financing), and €1.78 billion in loans (net of pre-financing) under the Recovery and Resilience Facility (RRF).
The European Investment Bank (EIB) is lending Bulgaria €250 million to co-finance EU-backed projects and accelerate development in areas ranging from energy efficiency and water to transport and research.
The EIB is stepping up cooperation with Ukrainian law enforcement agencies to safeguard EU financial interests in Ukraine from fraud, corruption and other irregular practices.
The European Court of Auditors (ECA) has today provided its opinion on the EU Commission’s evaluation of the EU External Action Guarantee (EAG). The auditors assessed the completeness and quality of the Commission’s evaluation, highlighting several shortcomings and suggesting ways of improving the next evaluation.
The European Investment Bank (EIB) is using again its €5 billion initiative to support manufacturers of wind-energy equipment in Europe. The EIB is extending a €500 million counter-guarantee to Germany-based Commerzbank AG. The transaction will enable Commerzbank to set up a portfolio of up to €1 billion of banking guarantees for new investment in wind farms in the EU.
Sydbank and the European Investment Bank have signed a new linked risk-sharing agreement that aims to make available up to €400 million in new financing for Danish Mid-Caps. The deal comes in the form of a fully delegated, uncapped guarantee worth €200 million.
The experts’ input contributes to the forthcoming initiative on a European AI Research Council and the Strategy to increase the uptake of AI by European scientists.
Prologis takes an EIB loan to finance the installation of rooftop solar panels and battery storage projects at its warehouses. This is expected to lower energy bills and CO2-emissions, while improving energy security in case of blackouts. The financing and underlying investments align with the EU’s REPowerEU initiative.
Funds raised by the EU Commission continue to drive the EU’s recovery from the coronavirus pandemic, strengthen the resilience of its economy, and support the EU’s neighbouring partners, notably Ukraine and the Western Balkans.These wide-ranging borrowing operations will strengthen the EU Bond market while guaranteeing continuous support to these policies.
The EIB will deploy €1 billion in credit lines and guarantees for small and medium-sized firms in security and defence supply chains. An operational Plan has been agreed to increase investment up to €95 billion in 2025. The EIB Board of Directors also backed emergency energy investments in Ukraine and financing tools for flood recovery across Europe.
Today, Ukraine joins the Media strand of the Creative Europe programme, which supports the audiovisual sector by funding selected projects related to film development and distribution, online and TV content, as well as the creation of innovative tools and business models in the audiovisual industry.
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