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In May 2022, the European Parliament decided to postpone the decision on granting discharge to the European Economic and Social Committee (EESC) for the 2020 budget, and presented a number of observations. Parliament's Committee on Budgetary Control (CONT) has examined the situation again, and – in its second report, taking account of progress made – recommends that discharge be granted. The vote on the second discharge report is scheduled for the October II plenary session.

The European Social and Economic Committee (EESC), established in 1957 by the Treaty of Rome, is one of the two advisory bodies of the European Union (EU). Composed of representatives of various European economic and social groups and categories, such as employers, workers, producers, farmers, liberal professions and civil society organisations, the EESC assists the European Parliament, the Council and the Commission in the policy-making and legislative process, in an advisory capacity. EESC members ...

In its November 2014 Investment Plan for Europe, the Commission announced the establishment of a new European Fund for Strategic Investments (EFSI), to bridge the EU investment gap. EFSI would be financed by an initial €21 billion: €16 billion from the EU budget in the form of a guarantee to the European Investment Bank (EIB), and €5 billion from the EIB’s own resources. Through a multiplier effect estimated at 15:1, a total of at least €315 billion would be mobilised in additional investment ...