BRUSSELS, 13-Dec-2017 — /EuropaWire/ — On 12 December 2017, the Council extended the European fund for strategic investments (EFSI) with a target of half a trillion euros of additional investments.
EFSI is the flagship initiative under the EU’s ‘investment plan for Europe’.
“Extending EFSI and creating a well-functioning capital markets union are key measures for supporting job creation and economic growth”, said Toomas Tõniste, minister for finance of Estonia, which currently holds the Council presidency.
“Investment has now picked up in Europe, due to favourable financing conditions and positive economic sentiment. But private sector investment levels are still too low and we need to continue our efforts to achieve a balanced and sustainable recovery”, he said.
The draft regulation:
The regulation was adopted without discussion at a meeting of the Agriculture and Fisheries Council. Provisional agreement with the Parliament was reached on 26 October 2017. The Parliament approved the regulation at first reading on 12 December 2017.
Visit the meeting pageDownload as pdf
SOURCE: European Council
Press contacts
François Head
Press officer
+32 2 281 60 83
+32 475 95 38 07
(IN BRIEF) BAE Systems has been chosen by NASA to develop the Atmospheric Composition instrument…
(IN BRIEF) Brightline has announced Siemens Mobility as the "preferred bidder" to manufacture ten "American…
(IN BRIEF) Heidelberg Materials has announced the acquisition of ACE Group, the largest supplier of…
(IN BRIEF) Schneider Electric, a leader in energy management and automation, has forged a three-year…
(IN BRIEF) Neste, a global leader in sustainable aviation fuel and renewable diesel production, has…
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a groundbreaking Digital…