Press release - UK and EU27 citizens in the UK to remain part of EP Communication programmes
Provider: View Original Type: Link Title: UK and EU27 citizens in the UK to remain part of EP Communication programmes | News | European Parliament Description: The European Parliament reaffirms its will to continue to engage with young generations of UK citizens and EU27 citizens resident in the UK.
EIB Group and BTV join forces to provide additional lending to SMEs and mid-caps
Provider: View Original Type: Link Title: Austria/Germany: EIB Group and BTV join forces to provide additional lending to SMEs and mid-caps Description: The EIB Group, consisting of the EIF and the EIF, has provided a guarantee for a mezzanine tranche of a synthetic securitisation transaction of around €130 million to the ´Bank für Tirol and Vorarlberg AG´ (BTV). The transaction was arranged by Erste Bank and is expected to provide capital relief under the EU Capital Requirements Regulation framework. It employs the use of a synthetic excess spread equivalent to the one-year expected loss of the reference portfolio. The capital relief provided by the transaction will enhance BTV’s risk-taking capacity and create additional lending headroom. As a result, BTV will create a new portfolio of eligible loans to SMEs and mid-caps of up to €435 million, mainly in Tirol, Vorarlberg, Vienna and southern Germany. The EIB Group operation is a direct response to the COVID-19 pandemic as the current crisis puts a particular strain on SMEs and mid-caps, which are experiencing shortages in liquidity and funding lines.
COVID-19 is the opportunity to speed up the environment agenda
Provider: View Original Type: Link Title: COVID-19 is the opportunity to speed up the environment agenda Description: In this interview, Dimitrios Karnavos (EL/EPP) answers five questions on the 8th Environment Action Programme (EAP). The Mayor of Kallithea is the rapporteur for a draft opinion that requests adequate resources for local and regional authorities to implement environment policies on the ground. The draft opinion will be put to the vote at the next plenary session on 3-5 February after a general exploratory debate at the ENVE commission meeting on 1 February.
Provider: View Original Type: Link Title: January 2021 euro area bank lending survey Description: The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.
Press release - MEPs adopt Technical Support Instrument to speed up post-COVID-19 recovery
Provider: View Original Type: Link Title: MEPs adopt Technical Support Instrument to speed up post-COVID-19 recovery | News | European Parliament Description: The Technical Support Instrument will help EU countries prepare the recovery plans needed to access funding from the Recovery and Resilience Facility.
Press release - EU will have stronger powers in trade disputes
Provider: View Original Type: Link Title: EU will have stronger powers in trade disputes | News | European Parliament Description: On Tuesday, Parliament adopted new rules allowing the EU to use countermeasures in trade disputes when arbitration is blocked.