EIB Global, part of the European Investment Bank, and the Housing Finance Bank (HFB) of Uganda have announced a partnership to avail €50 million investment to support private sector entities, notably SMEs in Uganda.
European Investment Bank President Nadia Calviño today shared with EU finance ministers an ambitious strategy to build on the strengths of the EIB Group, focus on eight core policy priorities and deploy the full potential of the institution to boost growth and social and territorial cohesion, and support Europe’s leadership in the twin green and digital transitions, as well as increasing Europe´s competitiveness, open strategic autonomy and economic security.
On the 21st February 2024, the Ambassador Secretary General of the Parliamentary Assembly of the Mediterranean and PAM’s Head of Administration and Protocol... The post PAM Secretary General and PAM Head of Administration and Protocol visit the EMEA offices to discuss regional cooperation in the Euro-Mediterranean and the Gulf appeared first on EMEA.
Commission Implementing Decision (EU) 2024/581 of 16 February 2024 on the harmonised standard for accreditation of medical laboratories drafted in support of Regulation (EC) No 765/2008 of the European Parliament and of the Council
On 20 February 2024, EMEA, one of the founding organisations of the Brain Capital Alliance, organised an online expert meeting on “Challenges and... The post EMEA organises online expert meeting on the importance of exercise and physical movement, as keys in mental health and cognitive development of populations appeared first on EMEA.
The European Investment Bank (EIB) announced a new €143 million loan to support the Hellenic Foundation for Research and Innovation’s (HFRI) research and development (R&D) activities in public higher education institutions and research centres across Greece.
Commission Implementing Decision (EU) 2024/564 of 14 February 2024 on harmonised standards for solid fuel boilers and packages of a solid fuel boiler, supplementary heaters, temperature controls and solar devices
Polo Strategico Nazionale (PSN) continues to serve as the main facilitator of Italy’s digital transformation, thanks also to the support of the main Italian financial institutions and the European Investment Bank (EIB).
Commission Implementing Decision (EU) 2023/2723 of 6 December 2023 on harmonised standards for electrical equipment drafted in support of Directive 2014/35/EU of the European Parliament and of the Council - OJ L, 2023/2723, 13.12.2023
As long-standing partners in supporting the growth of French businesses, the Crédit Agricole and EIB groups have stepped up their joint initiatives to help SMEs and midcaps finance their green transition in 2023.
On 25 January 2024, following the World Economic Forum in Davos, the European Brain Council, in partnership with Rice University Baker Institute for... The post EMEA President R. Ayadi and EMEA Advisors H. Eyre, N. Hilmi, E. Ernst, and P. Swieboda participate in event on Brain Capital organised by the European Brain Council appeared first on EMEA.
Commission Implementing Decision (EU) 2024/373 of 24 January 2024 on the harmonised standards for inspection of pesticide application equipment in use drafted in support of Directive 2009/128/EC of the European Parliament and of the Council - OJ L, 2024/373, 25.01.2024
3Sun, Enel Green Power's photovoltaic cell and modules production gigafactory, has secured a 560 million euro financial package to back the expansion of its production capacity, in a significant milestone for Europe’s energy transition and security. The financing was made possible through a collaborative effort between the European Investment Bank (EIB), supported by InvestEU, and a pool of Italian banks, led by UniCredit and comprising BPER Banca (Corporate & Investment Banking) and Banco BPM, backed by SACE.
Commission Implementing Decision (EU) 2024/354 of 19 January 2024 on harmonised standards for cableway installations drafted in support of Regulation (EU) 2016/424 of the European Parliament and the Council - OJ L, 2024/354, 23.01.2024
The EIB and the Nordic Investment Bank (NIB) will take part in the project finance deal to support H2 Green Steel’s large-scale production facility in Northern Sweden. The EIB will contribute €314 million, of which €200 backed by a guarantee from the European Commission under the InvestEU programme, and €114 million of intermediated financing to be provided through commercial banks participating in the project financing. The Nordic Investment Bank will provide €57 million to the project finance package, of which €9 million supported under InvestEU.
The Mediterranean region stands at a crossroads, grappling with the pressing challenges of environmental degradation, climate change, and economic inequality. In response to... The post EMGN Annual Conference 2023: “Assessing the Suitability of Traditional Guarantee Schemes to Drive the Growth of the Green Economy in the Mediterranean” – 17.01.2024 appeared first on EMEA.
Commission Implementing Decision (EU) 2024/224 of 10 January 2024 on the harmonised standards for appliances burning gaseous fuels drafted in support of Regulation (EU) 2016/426 of the European Parliament and of the Council - OJ L, 2024/224, 12.01.2024
ESAs consult on draft implementing technical standards specifying certain tasks of collection bodies and certain functionalities of the European Single Access Point 08 January 2024 Market data The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) today published a Consultation Paper on the draft implementing technical standards (ITSs) regarding the tasks of the collection bodies and the functionalities of the European Single Access Point (ESAP). These ITSs and the requirements they set out are designed to enable future users to be able to effectively harness the comprehensive financial and sustainability information centralised on the ESAP. Stakeholders are encouraged to provide their feedback to this consultation by 8 March 2024. The purpose of this consultation is to give interested parties the opportunity to provide their views on the proposed rules with regard to: Tasks of collection bodies: automated validations to be performed on the information submitted by entities, the characteristics of the Qualified Electronic Seal, the open standard licenses to be applied, the characteristics of the data collection application programming interface (API), the characteristics of the metadata for the information, the time limits for providing the information to ESAP, the indicative list of formats that are acceptable as data extractable and as machine readable. Functionalities of the ESAP: the characteristics of the data publication API, the legal entity identifier to be used to identify the entities that submit the information or to which the information relates, the classification of the types of information, the categories for the size of the entities, and the characterization of industry sectors to classify the information contained in ESAP and allow users to search for it. The establishment of the ESAP is a flagship action of the Capital Markets Union Action Plan. The purpose of the ESAP is to facilitate access to publicly available information of relevance to financial services, capital markets and sustainability. The ESAP is expected to become operational in July 2026 and will start publishing information no later than July 2027. Consultation process Comments on this consultation can be sent to the ESAs via the ESMA’s consultation page. The deadline for the submission for comments is 8 March 2024. All contributions received will be published following the end of the consultation, unless requested otherwise. Public hearing ESAs will organise a public hearing in the form of a webinar. More details will be provided in due course on the ESAs websites. Next steps The ESAs will consider the feedback received to this consultation and will submit the draft ITSs to the European Commission by 10 September 2024. Further information: Cristina Bonillo Senior Communications Officer@ press@esma.europa.eu 08/01/2024 JC 2023 78 Consultation Paper on draft ITS specifying certain tasks of collection bodies and certain functionalities of the European Single Access Point Consultation on draft ITS specifying certain tasks of collection bodies and certain functionalities of the European Single Access Point
Commission Communication in the framework of the implementation of Regulation (EC) No 1907/ 2006 of the European Parliament and of the Council concerning the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) (Publication of titles and references of European standards under entry 27 (nickel) of Annex XVII to REACH)
On Monday 11th December 2023, the Euro-Mediterranean Economists’ Association held the final Advocacy Session focusing on Building an Enabling Environment for Entrepreneurs in the... The post EMEA holds final advocacy session providing policy recommendations to for economic prosperity and sustainability in the Southern Mediterranean for INVESTMED project appeared first on EMEA.
Bürgschaftsbank Baden-Württemberg and Bürgschaftsbank Nordrhein-Westfalen have signed up for a counter-guarantee from the EIF. The €76 million counter-guarantee, made possible by the InvestEU programme, enables the banks to support SME financing of up to €200 million. Bürgschaftsbank Baden-Württemberg (BBBW), together with Bürgschaftsbank Nordrhein-Westfalen (BBNRW), will increase their guarantee support for regional financial institutions that want to extend financing to small and medium...
On the 30th November and 1st December 2023, CREACT4MED participated as a partner in the RedStart Tunisie’s Inno’Preneur Days, an event bringing together... The post EMEA’s Senior Project Manager, Maria Ruiz, participated in the RedStart Tunisie IP Days 2023 in Tunisia, highlighting the success of the CREACT4MED project appeared first on EMEA.
The post Paper trail ends in jail time for 1013 money mules: 2822 Banks and financial institutions join forces with law enforcement agencies in global effort against money laundering appeared first on EBF.
The Structural Change and Economic Dynamics journal published the paper “Trade Networks and the Productivity of MENA Firms in Global Value Chains” co-authored... The post The Structural Change and Economic Dynamics journal published the paper “Trade Networks and the Productivity of MENA Firms in Global Value Chains” in their November 2022 issue appeared first on EMEA.
The European Investment Bank (EIB) today launched the sixth edition of its Climate Survey. These are some of the most striking results of this annual survey conducted in August and September 2023. Running since 2018, the EIB Climate Survey offers insights into the climate change-related views of people in major economies around the world, with more than 30 000 respondents in the European Union, the United States, China, India, Japan, the United Kingdom, UAE, Canada and South Korea. The EIB is the lending arm of the European Union and the world’s largest multilateral lender for climate action projects.
Today, EIB President Werner Hoyer and Vice-President Teresa Czerwińska are visiting Kyiv to meet President Volodymyr Zelenskyy, Prime Minister Denys Shmyhal, and other officials, and to inaugurate the EIB Regional Hub for Eastern Europe with the presence of the EU Ambassador to Ukraine Katarína Mathernová alongside representatives from the Ukrainian Ministries for Restoration and Finance. The visit reaffirms the EIB’s continued commitment to working closely with Ukraine, including a series of new recovery and resilience initiatives to be financed under the EIB’s EU for Ukraine Fund. They are designed to address Ukraine’s most urgent infrastructure needs and sustain the country’s economy.
The Baker Institute for Public Policy published the Policy Brief “How Brain Capital Can Drive Progress on UN’s Sustainable Development Goals” co-authored by... The post Paper on how Brain Capital can drive progress on UN’s SDGs co-authored by R. Ayadi, H. Eyre, W. Hynes, P. Swieboda, S. Ronco and E. Stotts-Lee published by the Rice University’s Baker Institute for Public Policy appeared first on EMEA.
Under the INVESTMED project, EMEA has collaborated with Verkami, the leading reward crowdfunding platform in Spain and one of the largest in Europe,... The post EMEA releases A Practical Guide to Crowdfunding for Cultural and Creative Entities, authored by the crowdfunding platform Verkami, under the INVESTMED project appeared first on EMEA.
The European Investment Bank (EIB), as part of Team Europe, announced today the launch of the technical assistance facility for the Caribbean Sustainable Water Management and Clean Oceans programme.
ESMA signs Memorandum of Understanding with the Indonesia Financial Services Authority and recognises PT Kliring Penjaminan Efek Indonesia as Tier 1 CCP 26 October 2023 CCP International cooperation The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has signed a Memorandum of Understanding (MoU) with the Indonesia Financial Services Authority and updated its list of recognised third-country central counterparties (TC CCPs) under the European Markets Infrastructure Regulation (EMIR). On 19 October 2023, ESMA recognised PT Kliring Penjaminan Efek Indonesia (KPEI) as a Tier 1 CCP under Article 25 of the European Market Infrastructure Regulation (EMIR). The recognition of PT Kliring Penjaminan Efek Indonesia as a third country CCP follows the adoption of an equivalence decision regarding the regulatory framework for central counterparties in Indonesia with EMIR requirements on 8 June 2022. ESMA and the Indonesia Financial Services Authority signed a Memorandum of Understanding (MoU) on 30 September 2023. The MoU establishes cooperation arrangements, including the exchange of information, regarding CCPs which are established in Indonesia and authorised or recognised by the Otoritas Jasa Keuangan, the Indonesia Financial Services Authority, and which have applied for EU recognition under EMIR. EMIR provides for cooperation arrangements between ESMA and the relevant non-EU authorities whose legal and supervisory framework for CCPs has been deemed equivalent to EMIR by the European Commission. With this MoU, ESMA has concluded 25 cooperation arrangements under EMIR with relevant non-EU supervisory authorities from 21 countries across all continents, including: Africa: South Africa Asia: China, Hong Kong, Indonesia, Israel, Japan, Malaysia, Republic of Korea, Singapore, Taiwan, United Arab Emirates Europe: Switzerland, United Kingdom North America: Canada, Mexico, United States of America South America: Brazil, Chile, Colombia Oceania: Australia, New Zealand Further information: Sarah Edwards Senior Communications Officer @ press@esma.europa.eu 26/10/2023 ESMA91-398-6343 Memorandum of Understanding between ESMA and Otoritas Jasa Keuangan (‘OJK’, the Indonesia Financial Services Authority) related to CCPs Established in Indonesia 25/10/2023 ESMA70-152-348 List of third-country CCPs recognised to offer services and activities in the Union
On the 25th October 2023, Maria Ruiz de Cossío, Senior Project Manager at the Euro-Mediterranean Economists Association (EMEA) and Coordinator of the CREACT4MED... The post EMEA’s Senior Project Manager and Coordinator of the CREACT4MED project, Maria Ruiz de Cossío, attends the European Culture & Creativity Days in Barcelona appeared first on EMEA.
ESA’s Joint Board of Appeal suspends the decision by the European Securities and Markets Authority to withdraw the recognition decision of Dubai Commodities Clearing Corporation as a Tier 1 third-country central counterparty 25 October 2023 Board of Appeal The Joint Board of Appeal (“the Board”) of the European Supervisory Authorities (“ESAs”) decided that the application for suspension brought by Dubai Commodities Clearing Corporation (“DCCC”) against the European Securities and Markets Authority (“ESMA”) is admissible and suspends the ESMA Decision. The application was brought in relation to ESMA’s Decision, adopted under Article 25p Regulation (EU) No 648/2012 (EMIR), to withdraw the recognition of DCCC as a Tier 1 third-country central counterparties (CCP) as a consequence of the United Arab Emirates (UAE) being included in the list of high-risk third countries provided for in the Commission Delegated Regulation (EU) 2016/1675. DCCC challenged ESMA’s Decision, asking the Board to extend the adaptation period and to suspend the withdrawal Decision until the outcome of the appeal is concluded. The Board finds that the appeal case is admissible and suspends the ESMA Decision. 25/10/2023 BoA-D-2023-03 Board of Appeal of the ESAs - Decision on Dubai Commodities Clearing Corporation (DCCC) vs ESMA
The Government of Jamaica together with Inter-American Development Bank (IDB), Green Climate Fund (GCF), the United Kingdom, and the European Investment Bank (EIB) as part of Team Europe[1] today announced a collaborative approach to support a package aimed at enhancing the nation’s ability to mitigate and adapt to the effects of climate change.
European Investment Fund guarantee will support financing to microenterprises and natural persons experiencing difficulties in accessing credit markets. The transaction is backed by InvestEU thematic guarantee “Microfinance, Social and Skills” The transaction is supported by the InvestEU programme, which aims to mobilise over €372 billion in additional investment for EU policy priorities over the period 2021-27. The European Investment Fund (EIF) backed by the InvestEU programme has si...
Speech by President Séamus Boland on the support for civil society in the area of fundamental rights in Member States and enlargement countries Plenary debate with Gabriella Civico, President of Civil Society Europe EESC plenary, Thursday 21 September 2023, 11:30 a.m.
Fair prices for both farmers and consumers and truthful and transparent information are essential if the primary sector and consumers are to play their key role in guaranteeing strategic autonomy in European food production. This sovereignty must be in line with the European Green Deal's Farm to Fork strategy, which requires an adjustment of current food policies.
Unos precios justos tanto para los agricultores como para los consumidores, así como una información clara, veraz y transparente, son condicionantes para que el sector primario y los consumidores desempeñen su papel esencial a la hora de garantizar la autonomía estratégica en la producción alimentaria europea. Dicha soberanía debe estar en consonancia con la estrategia europea «De la Granja a la Mesa» en el marco del Pacto Verde europeo, lo que requiere un ajuste de las políticas alimentarias actuales.
On 25 September, the European Economic and Social Committee (EESC) announced its winners in the three categories of the EU Organic Awards: Best organic food processing SME, Best organic food retailer, and ...
This spring the European Commission initiated changes with respect to the potential resolution of banks. In addition to natural persons, depositor protection is to be extended to schools, hospitals, municipalities and other public institutions. When are these changes expected to become effective?
EIB President Werner Hoyer has been participating in UNGA this week alongside senior representatives of the EU Bank, which is owned by the 27 members of the European Union. President Hoyer was joining global leaders to address the climate emergency and ways to accelerate the 2030 Global Agenda for Sustainable Development through innovative investment.
Prof. Rym Ayadi, EMEA President, CEPS Senior Advisor, and co-founder of the Brain Capital Alliance, delivered a keynote speech at the Conference “Brain... The post EMEA President Prof. Rym Ayadi delivers keynote speech at the Science Summit of the 78th United Nations General Assembly, on the Brain Capital Building Conference appeared first on EMEA.
The Baker Institute for Public Policy published the Policy Brief “7 Steps for Igniting the Brain Capital Industrial Strategy” co-authored by EMEA President,... The post Paper on Brain Capital Industrial Strategy co-authored by R. Ayadi, H. Eyre, T. Edmonds, W. Hynes, and P. Swieboda published by the Rice University’s Baker Institute for Public Policy appeared first on EMEA.
Atlantic Business International (ABI), a holding company in sub-Saharan Africa of the Banque Centrale Populaire (BCP) group, and the European Investment Bank (EIB) have concluded a €65 million agreement to finance and support companies in Côte d’Ivoire, Burkina Faso and Senegal via the Banque Atlantique network. This agreement will expand cooperation between the BCP and the EIB to the region’s small and medium enterprise (SME) market.
European Investment Fund guarantee will support financing for about 15 Start-Ups, Small Medium Enterprises and Small Mid-Caps in France. The transaction is backed by three InvestEU thematic guarantees: i) “Innovation and Digitalisation”, ii) “Sustainability – SMEs and Small Mid-Caps” and iii) “SME Competitiveness”. The European Investment Fund (EIF) has signed portfolio guarantees with Wormser Freres Gestion (Fund Manager) to support new venture debt financing provided by WF Venture Loan ...
Compagnie Financière Africaine (COFINA) in Côte d’Ivoire and Senegal and the EIB signed today a memorandum of understanding with the support of the European Commission to boost the development of sustainable agricultural value chains. The ceremony took place at the EIB Academy dedicated to SME banking and microfinance in West and Central Africa.
ESAs consultation paper on draft RTS on specifying the criteria for the classification of ICT related incidents, materiality thresholds for major incidents and significant cyber threats under regulation (EU) 2022/2554 Isabelle Van Acker Tue, 09/12/2023 - 15:52 Image Topic Operational resilience
ESAs consultation paper on draft ITS to establish templates composing the register of information in relation to all contractual arrangements on the use of ICT services provided by ICT third-party service providers as mandated by regulation (EU) 2022/2554 Isabelle Van Acker Tue, 09/12/2023 - 15:39 Image Topic Operational resilience
ESA's consultation paper on draft RTS to further harmonise ICT Risk Management Tools, methods, processes and policies as mandated under article 15 and 16(3) of regulation (EU) 2022/2554. Isabelle Van Acker Tue, 09/12/2023 - 15:32 Image Topic Operational resilience
European Investment Fund guarantee will support financing for SMEs and lower mid-cap companies. The transaction is backed by three InvestEU thematic guarantees: i) “Innovation and Digitalisation”, ii) “Sustainability – SMEs and Small Mid-Caps” and iii) “SME Competitiveness”. The transaction is supported by the InvestEU programme, which aims to mobilise over €372 billion in additional investment for EU policy priorities over the period 2021-27. The European Investment Fund (EIF) backed b...
Banque Populaire, la Fédération Nationale des Socama et le Fonds européen d'investissement (FEI) ont signé hier un nouvel accord de contre-garantie de prêts à hauteur d’un milliard d’euros dans le cadre du programme InvestEU « Compétitivité des PME ». En 20 ans, le partenariat avec le FEI a déjà permis aux Banques Populaires et aux Socama d’accompagner 250 0 00 entrepreneurs avec 9 milliards de prêts. Aujourd’hui grâce à la signature d’un nouvel accord de financement d’un milliard d’euros ave...
Banque Populaire, Fédération Nationale des SOCAMA and the EIF signed a new €1 billion loan counter-guarantee agreement yesterday under the SME Competitiveness InvestEU programme. Over 20 years, the partnership with the EIF has enabled Banque Populaire and SOCAMA to provide €9 billion in loans to 250 000 entrepreneurs. The signature of a new €1 billion finance contract with the European Investment Fund (EIF) means that Banque Populaire and SOCAMA can continue to grant loans to their entreprene...
The European Investment Bank (EIB) presented a new working paper at the 2023 Finance in Common Summit in Cartagena, Colombia, today. The paper — entitled Climate Risks in Latin America and the Caribbean: Are banks ready for the green transition? — sheds light on the environmental threats faced by the region and its banking sector.
The Annals of Operations Research published the paper “Cooperative banks, business models and efficiency: A stochastic frontier approach analysis” co-authored by EMEA President,... The post Paper on Cooperative banks, business models and efficiency co-authored by Rym Ayadi, Sandra Challita and Doriana Cucinelli, published by the Annals of Operations Research appeared first on EMEA.
The Baker Institute for Public Policy published the Policy Brief “From Neuroweapons to ‘Neuroshields’: Safeguarding Brain Capital for National Security” co-authored by EMEA... The post Paper on safeguarding Brain Capital for National Security co-authored by Rym Ayadi, Harris Eyre and William Hynes, published by the Rice University’s Baker Institute for Public Policy appeared first on EMEA.