Tag Archives: European Commission

New EIBG and Solar Impulse Initiative Helps European SMEs Boost Energy Efficiency and Cut Costs

(IN BRIEF) The European Investment Bank Group (EIBG), European Commission, and Solar Impulse Foundation have partnered to launch an initiative supporting small and medium-sized enterprises (SMEs) in Europe with energy efficiency investments. By facilitating access to clean technologies through innovative … Read the full press release

JASPERS Expands Advisory Reach to Ukraine and Moldova, Secures Support for European Development Projects Through 2027

(IN BRIEF) JASPERS, a collaborative advisory initiative by the European Investment Bank and the European Commission, held its annual meeting in Brussels, marking nearly two decades of supporting regional development projects across Europe and beyond. Since 2005, JASPERS has facilitated … Read the full press release

European Commission Evaluates Poland’s Media Adherence to the Right to be Forgotten

THE EUROPEAN COMMISSION HAS BEEN ACTIVELY ASSESSING POLAND’S ALIGNMENT WITH THE EU’S “RIGHT TO BE FORGOTTEN” DIRECTIVE AS IT PERTAINS TO MEDIA OUTLETS. THIS SCRUTINY FOLLOWS A RECENT PROPOSAL AIMED AT EXPANDING THESE RIGHTS WITHIN THE MEDIA SECTOR. OVER THE … Read the full press release

Global Race for Autonomous Trucks: Europe a Critical Region Transport Transformation

(IN BRIEF) In 2024, the trucking industry has made significant strides in commercializing autonomous driving technology to address challenges like high operational costs, driver shortages, and safety concerns. The global trucking fleet is expected to incorporate an additional 500,000 Level … Read the full press release

Lille Secures €276 Million for Sustainable Transport Revolution: EIB and European Commission Fund Green Mobility Initiative

(IN BRIEF) The Métropole Européenne de Lille has secured a €245 million green loan from the European Investment Bank (EIB) to modernize its urban transport system, alongside a €31.5 million grant from the European Commission. This joint financing will support … Read the full press release

Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity

(IN BRIEF) The European Union faces a growing challenge in combating disinformation and media manipulation. Citizens and organizations are calling for an expansion of the “right to be forgotten” to include media outlets, holding them accountable for defamatory or misleading … Read the full press release

DNV Supports European Commission in Updating Carbon Capture and Storage Guidance Documents

(IN BRIEF) DNV has supported the European Commission in updating guidance documents on geological carbon storage (CCS) under the CCS Directive to streamline permitting procedures and enhance sustainable CO2 storage in the European Economic Area (EEA). The updates integrate the … Read the full press release

SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests

The solution will increase forest management productivity and cost-effectiveness, and enable forest managers, authorities, and policymakers to deal with forest threats proactively (IN BRIEF) Insect outbreaks, wildfires, and windthrow pose significant threats to European forests, exacerbated by climate change-induced extreme … Read the full press release

EIF Backs €100 Million Investment for Underprivileged Students’ Education in Germany and Spain

(IN BRIEF) The European Investment Fund (EIF) has committed to guaranteeing over €100 million in financing through three intermediaries in Germany and Spain. Aimed at providing better access to education and training for underprivileged students and learners, the initiative is … Read the full press release

Cybersecurity across Europe in the last quarter: Post-Quantum Cryptography, 6G Network and Cloud Security

(IN BRIEF) In the last quarter (1 Dec 2023 – 1 Mar 2024), Europe’s cybersecurity scene was marked by significant strides, with Thales and Ericsson leading initiatives to enhance digital security. Thales’ TrustNest R-Cloud received European Restricted certification, bolstering secure … Read the full press release

Italy’s Motorway Network Set for Green Transformation with EIB’s €1.2 Billion Investment

(IN BRIEF) The European Investment Bank (EIB) has allocated a €1.2 billion loan to Autostrade per l’Italia SpA (ASPI) for the modernization of approximately 3,000 kilometers of motorways in Italy. This investment, supported by the EIB’s Climate Bank Roadmap and … Read the full press release

European Commission, EIB, and ESA Collaborate to Boost European Space Sector

(IN BRIEF) In a significant move, the European Commission, the European Investment Bank (EIB), and the European Space Agency (ESA) have signed a collaboration arrangement to strengthen the European space sector, with a particular focus on small and medium businesses … Read the full press release

Pioneering Green Steel Project in Sweden Attracts Significant Investment from European Banks

(IN BRIEF) H2 Green Steel, a Swedish company, has secured significant financial support from the European Investment Bank (EIB) and the Nordic Investment Bank (NIB) for its pioneering green steel project in Northern Sweden. This project aims to revolutionize the … Read the full press release

European Commission Approves Quantum Key Distribution Infrastructure for Enhanced Cybersecurity

(IN BRIEF) The European Commission has awarded a consortium led by Deutsche Telekom, named “Nostradamus,” the task of constructing testing infrastructure for quantum key distribution (QKD). This initiative will facilitate the evaluation of QKD devices from European manufacturers, a crucial … Read the full press release

Deutsche Telekom Leads Consortium to Advance Quantum Security in Europe

(IN BRIEF) The European Commission has initiated a 10-year strategic partnership led by Deutsche Telekom, called “Nostradamus,” to build a quantum key distribution (QKD) testing infrastructure. This infrastructure will evaluate QKD devices from European manufacturers and support the development of … Read the full press release

Eight Dutch Projects Receive €2.3 Million Funding to Enhance Water Security in EU’s ‘Water4all’ Program

(IN BRIEF) Eight Dutch projects have secured funding under the EU’s ‘Water4all’ program, with over €2.3 million invested, €1.6 million of which is co-funded by Dutch ministries and NWO, and €700,000 by the European Commission. The projects focus on improving … Read the full press release

European Commission Boosts Young People’s Influence in EU Policies Following European Year of Youth

(IN BRIEF) The European Commission has announced measures to empower young Europeans and enhance their influence on EU policies. Building upon the achievements of the 2022 European Year of Youth, these actions aim to involve young people in EU policymaking … Read the full press release

Eurojust Joins Forces with Belgium’s EU Presidency to Combat Drug Trafficking

(IN BRIEF) Belgium, holding the EU Council Presidency, is prioritizing efforts to combat organized drug-related crime, focusing on logistic hubs and major ports. Eurojust, the EU’s criminal justice cooperation agency, will collaborate with third countries to address cross-border drug trafficking. … Read the full press release

Iberdrola’s Commitment to Innovation Garners Second Consecutive Recognition from European Commission

(IN BRIEF) Iberdrola, a major energy company, has received recognition as the world’s leading private utility for investment in innovation and development, marking its second consecutive year of achievement in this regard. The European Commission’s report, ‘The 2023 Industrial R&D … Read the full press release

European Commission Approves €2.6 Billion Compensation to RWE for Early Coal Phase-Out

(IN BRIEF) The European Commission has given its approval for RWE to receive €2.6 billion in compensation for the early phase-out of its lignite-fired power plants, as mandated by the German Act to Reduce and End Coal-Fired Power Generation passed … Read the full press release

UK Becomes Associated Country to Horizon Europe, Gains Access to Research and Innovation Funding

(IN BRIEF) Starting from January 1, 2024, the United Kingdom will officially become an associated country to Horizon Europe, the European Union’s research and innovation program. This milestone was achieved as the EU-UK Specialized Committee on Participation in Union Programs … Read the full press release

FlagshipONE: Ørsted’s Carbon-Neutral Shipping Initiative Secures EU-Catalyst Partnership Support at COP28

(IN BRIEF) At COP28, Ørsted announced that its FlagshipONE project, Europe’s largest e-methanol plant, has received support from the EU-Catalyst Partnership, including the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank. This partnership will aid in advancing carbon-neutral … Read the full press release

Green Energy Initiative: Iberdrola and bp pulse’s €1 Billion Plan for High-Speed EV Charging Across Iberia

(IN BRIEF) Iberdrola and bp pulse have officially launched their joint venture, aiming to create an extensive high-speed electric vehicle (EV) charging network in Iberia. The venture plans to invest €1 billion and deploy 5,000 charging points in Spain and … Read the full press release

U.S. Commits $1 Million to Eurojust’s ICPA in Support of Ukraine Aggression Prosecution

(IN BRIEF) The U.S. Department of State has pledged USD 1 million to support the International Centre for the Prosecution of the Crime of Aggression Against Ukraine (ICPA), hosted at Eurojust. Eurojust, the European Union’s agency for judicial cooperation in … Read the full press release

EIB and European Commission to Triple Advisory Assistance for Western Balkans and Turkey

(IN BRIEF) The European Investment Bank (EIB) and the European Commission have announced a new agreement that will triple the EIB’s advisory assistance for the Western Balkans and potentially Turkey under the JASPERS program. This agreement includes the largest-ever budget … Read the full press release

EIF and Millennium bcp Partner to Provide €405 Million in InvestEU Financing to Portuguese SMEs

(IN BRIEF) The European Investment Fund (EIF) and Millennium bcp (BCP) have signed a €405 million InvestEU-backed guarantee agreement to support investment in Portugal. The financing will focus on key EU priorities, including sustainability, innovation, digitalization, social entrepreneurship, and more. … Read the full press release

Rheinmetall-Led FEDERATES Consortium Gains €30 Million EU Funding to Transform European Simulation Resources

(IN BRIEF) The FEDERATES consortium, led by Rheinmetall, has secured €30 million in funding from the European Union for an innovative training and decision support project. FEDERATES aims to create a “distributed synthetic simulation environment” that connects various simulation resources … Read the full press release

EIB Commits €500 Million in Landmark Investment to Eradicate Polio Globally

(IN BRIEF) The European Investment Bank (EIB) has announced a substantial investment of €500 million to support the eradication of polio in Africa and Asia. This landmark commitment was unveiled during a press conference in Brussels, signifying a historic partnership … Read the full press release

EIB, European Commission, and Bill & Melinda Gates Foundation Commit €1.1 Billion to Eradicate Polio and Advance Global Health Innovation

(IN BRIEF) The European Commission, the European Investment Bank (EIB), and the Bill & Melinda Gates Foundation have unveiled a groundbreaking financing partnership aimed at addressing global health challenges. The partnership, with support from the World Health Organization (WHO) and … Read the full press release

EIF and Malta Ministry Collaborate to Inject €16.55 Million into Maltese SMEs

(IN BRIEF) In a collaborative effort between the European Investment Fund (EIF) and Malta’s Ministry of European Funds and Lands, €16.55 million will be provided to support small and medium-sized businesses (SMEs) in Malta through the ‘Malta Member State Compartment.’ … Read the full press release

European Commission Unveils Green Freight Measures to Cut Emissions and Boost Efficiency

European Commission Unveils Green Freight Measures to Cut Emissions and Boost Efficiency

(IN BRIEF) European Commission proposes measures to make freight transport more efficient and sustainable, aligning with the European Green Deal’s goal of reducing transport emissions by 90% by 2050. The proposed initiatives include optimizing rail capacity to improve cross-border coordination, … Read the full press release

Improved Cross-Border Connections: European Commission and EIB Advocate European Track Gauge Implementation

(IN BRIEF) A study conducted by the European Commission and the European Investment Bank (EIB) suggests that implementing the European track gauge on lines to Lviv and Chișinău would be a crucial first step in enhancing connections between Poland and … Read the full press release

European Investment Bank Expands Presence in Mauritania through Collaboration with BMI to Support SMEs and Mid-Caps

(IN BRIEF) Banque Mauritanienne de l’Investissement (BMI) and the European Investment Bank (EIB) have signed a memorandum of understanding to provide support to small and medium-sized enterprises (SMEs) and mid-caps in Mauritania. The partnership, under the new 2023-2027 agreement between … Read the full press release

Mexico and EIB Enhance Collaboration on Sustainable Financing for Development Projects

(IN BRIEF) The European Investment Bank (EIB) and the Ministry of Foreign Affairs in Mexico have signed a declaration of intent to strengthen their strategic partnership on financing sustainable development in Mexico. The agreement aims to provide appropriate and affordable … Read the full press release

EIB Report Calls for Reforms and Financial Support to Boost Nature-Based Solutions in Europe

(IN BRIEF) A report by the European Investment Bank (EIB) highlights the importance of nature-based solutions in building resilient societies in the face of climate change. The report calls for regulatory and subsidy reforms and a more flexible range of … Read the full press release

TotalEnergies Advances Methane Emissions Reduction Efforts with Colorado State University Partnership

(IN BRIEF) TotalEnergies is partnering with Colorado State University to develop an international protocol for methane emissions measurements as part of its commitment to reduce methane emissions. The collaboration aims to establish standards for the accuracy and detection limits of … Read the full press release

EBRD and European Commission Join Forces to Enhance Moldova’s Rail Infrastructure

(IN BRIEF) EBRD and the European Commission have approved a financial package to rehabilitate railway lines in Moldova. The €71 million project will receive a €20 million investment grant from the EU, a €23 million loan from EBRD, and €28 … Read the full press release

European Consortium Aims to Deliver Secure and Resilient Satellite Connectivity with IRIS²

(IN BRIEF) A group of European space and telecommunications companies, including Airbus Defence and Space, Eutelsat, Hispasat, SES, and Thales Alenia Space, have formed a consortium to respond to the European Commission’s call for tender for the future European satellite … Read the full press release

EIB launches “EU for Ukraine Initiative” to support reconstruction and recovery efforts

(IN BRIEF) The European Investment Bank (EIB) has launched the “EU for Ukraine Initiative” to support reconstruction and recovery efforts in Ukraine, following the full-scale Russian invasion in 2022. The initiative includes the establishment of a Trust Fund to enable … Read the full press release

Capgemini selected to lead €8m Next Generation IoT project for the European Commission

(IN BRIEF) Capgemini has been chosen to lead the IoT-NGIN project, which is part of the European Commission’s NGI initiative, aimed at modernizing the Internet for the future. The project, with a budget of €8 million and lasting until September … Read the full press release