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European Commission

Coronavirus: a common path to Europe’s safe re-opening

11 mins read

The FINANCIAL -- Ahead of the meeting of European leaders on 25 March, the Commission is calling on Member States to prepare for a coordinated approach to a gradual lifting of COVID-19 restrictions when the epidemiological situation will allow. In a Communication adopted, it charts the way ahead for a balanced policy and common EU approach, pointing to what we need to do to advance the time when we can recover our European way of life, and do so in a safe and sustainable way with control over the virus according to European Commission.…

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Coronavirus: a common path to Europe’s safe re-opening

11 mins read

The FINANCIAL -- Ahead of the meeting of European leaders on 25 March, the Commission is calling on Member States to prepare for a coordinated approach to a gradual lifting of COVID-19 restrictions when the epidemiological situation will allow. In a Communication adopted, it charts the way ahead for a balanced policy and common EU…

Commission sets course for an open, sustainable and assertive EU trade policy

4 mins read

The FINANCIAL -- The European Commission has set out its trade strategy for the coming years. Reflecting the concept of open strategic autonomy, it builds on the EU's openness to contribute to the economic recovery through support for the green and digital transformations, as well as a renewed focus on strengthening multilateralism and reforming global trade…

Green Deal: Sustainable batteries for a circular and climate neutral economy

9 mins read

The FINANCIAL-- Today, the European Commission proposes to modernise EU legislation on batteries, delivering its first initiative among the actions announced in the new Circular Economy Action Plan.…

Nagorno Karabakh: EU allocates additional €3 mln in emergency aid to the civilians most affected by the conflict

2 mins read

The FINANCIAL — The European Commission has announced an additional €3 million in humanitarian support to ensure critical assistance to the civilians most affected by the conflict in and around Nagorno Karabakh. This funding comes on top of €900,000 allocated since early October when the hostilities started. Commissioner for Crisis Management, Janez Lenarčič, said: “The EU continues…

EIB and EU support modernisation of public infrastructure in Ukraine

2 mins read

The FINANCIAL — A preschool in Bakhmut, a hospital in Vuhledar and a central city library in Mariupol are only 3 of 244 public facilities currently being refurbished in eastern Ukraine thanks to support from the EU and the European Investment Bank (EIB). To date, more than 5.4 million Ukrainians, including nearly 700,000 internally displaced…

IFC and TCX strengthen partnership to support capital flows into world’s poorest countries

3 mins read

The FINANCIAL — IFC, a member of the World Bank Group, and The Currency Exchange Fund (TCX) have bolstered their partnership to promote cross-border investment flows by helping investors manage currency risk in the world’s poorest countries. IFC is investing $10 million in TCX for its own account and $40 million as the implementing entity…

EU to generate €10 bln in investment in Africa and the EU Neighbourhood and stimulate global recovery

1 min read

The FINANCIAL — On 12 November, the European Commission took a major step forward in boosting investment in Africa and the EU Neighbourhood, helping to stimulate global recovery from the pandemic, by concluding ten financial guarantee agreements worth €990 million with partner financial institutions that complete the European Fund for Sustainable Development (EFSD), the financing…

FRA: Worsening conditions for migrants and refugees across Europe

3 mins read

The FINANCIAL — The Coronavirus pandemic continues to severely affect migrants and refugees. Difficulties to enter the EU, increasing reports of pushbacks and violence at the borders, and worsening conditions in reception centres are some of the main concerns the EU Agency for Fundamental Rights (FRA) identifies in its latest migration quarterly bulletin. At the…

EBRD and Baltic states to develop regional market for commercial papers

5 mins read

The FINANCIAL — The European Bank for Reconstruction and Development (EBRD) and the central banks of Estonia (Eesti Pank), Latvia (Latvijas Banka) and Lithuania (Lietuvos Bankas) are joining forces to develop a regional market for commercial papers. Commercial papers (CPs) are short-term unsecured promissory notes issued by companies with a fixed-term maturity and used to…

European Commission revealed Autumn 2020 Economic Forecast

11 mins read

The FINANCIAL — The coronavirus pandemic represents a very large shock for the global and EU economies, with very severe economic and social consequences. Economic activity in Europe suffered a severe shock in the first half of the year and rebounded strongly in the third quarter as containment measures were gradually lifted. However, the resurgence…

EU commission approved €1.5 bln Dutch scheme to compensate transport companies for COVID-19 damages

4 mins read

The FINANCIAL — The European Commission has approved, under EU State aid rules, a Dutch scheme of around €1.5 billion to compensate companies providing regional and long-distance public passenger transport services in the Netherlands for the damage suffered due to the coronavirus outbreak and the emergency containment measures introduced in the Netherlands to limit the…

EU provides €100 mln to Mozambique for education, health and social protection

3 mins read

The FINANCIAL — The European Commission and the Government of Mozambique have today signed a budget support programme worth €100 million to respond to the socio-economic impacts of COVID-19. Commissioner for International Partnerships, Jutta Urpilainen, commented: “With this contribution, the European Union will support Mozambique’s Government in meeting its most urgent budgetary needs during the pandemic,…

EU Commission approved Roche’s Tecentriq in combination with Avastin for the treatment of people with liver cancer

4 mins read

The FINANCIAL — Roche (SIX: RO, ROG; OTCQX: RHHBY) today announced that the European Commission has approved Tecentriq® (atezolizumab) in combination with Avastin® (bevacizumab) for the treatment of adult patients with advanced or unresectable hepatocellular carcinoma (HCC) who have not received prior systemic therapy. “Tecentriq in combination with Avastin is the first treatment to be…

Government debt up to 87.8% of GDP in EU

3 mins read

The FINANCIAL — At the end of the second quarter of 2020, the quarter in which the impacts of the containment measures as well as policy responses to the containment measures fully materialised in increased financing needs, the government debt to GDP ratio in the euro area stood at 95.1%, compared with 86.3% at the…

EU removed more countries from safe countries list

1 min read

The FINANCIAL — Following a review under the recommendation on the gradual lifting of the temporary restrictions on non-essential travel into the EU, the European Council updated the list of countries for which travel restrictions should be lifted. As stipulated in the Council recommendation, this list will continue to be reviewed regularly and, as the…

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