45

eredmény(ek)

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Szakpolitikai terület
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The ESM and the EIB: comparison of some features

07-04-2020

This paper presents in a tabular format the main characteristics of the European Stability Mechanism and the European Investment Bank. Both institutions collect funds on capital markets. The ESM provides loans to Member States, while the EIB provides loans and venture capital to private and public institutions. Both institutions have been called on to take initiatives in the context of EU reaction to the economic crisis due to the Covid-19 pandemic.

This paper presents in a tabular format the main characteristics of the European Stability Mechanism and the European Investment Bank. Both institutions collect funds on capital markets. The ESM provides loans to Member States, while the EIB provides loans and venture capital to private and public institutions. Both institutions have been called on to take initiatives in the context of EU reaction to the economic crisis due to the Covid-19 pandemic.

How the EU budget is spent: European Fund for Strategic Investments (EFSI)

03-04-2019

Created after the start of the current multiannual financial framework (MFF), the European Fund for Strategic Investments (EFSI) aims to trigger additional investment worth €500 billion in crucial sectors of the EU's economy that suffer from market failures and sub-optimal investment situations. Another major objective is to improve access to finance for European companies, with a special focus on smaller businesses. The functioning of EFSI relies on a strategic partnership with the European Investment ...

Created after the start of the current multiannual financial framework (MFF), the European Fund for Strategic Investments (EFSI) aims to trigger additional investment worth €500 billion in crucial sectors of the EU's economy that suffer from market failures and sub-optimal investment situations. Another major objective is to improve access to finance for European companies, with a special focus on smaller businesses. The functioning of EFSI relies on a strategic partnership with the European Investment Bank Group, which can approve and finance investment operations with a higher-risk profile than its usual portfolio, thanks to the guarantee provided by the EU budget under EFSI. For the post-2020 period, the European Commission has proposed an InvestEU Fund that should build on EFSI's results.

Guarantee Fund for External Actions

13-12-2018

The Guarantee Fund for External Actions (GFEA) backs loans and loan guarantees granted to non-EU countries, or to finance projects in non-EU countries. Its objectives are to help protect the EU budget against the risks associated with such loans. The main objective of the actions backed by the GFEA is to support the increase of growth and jobs, and to improve the business environment in developing countries by strengthening the involvement of the private sector. The GFEA also contributes to the European ...

The Guarantee Fund for External Actions (GFEA) backs loans and loan guarantees granted to non-EU countries, or to finance projects in non-EU countries. Its objectives are to help protect the EU budget against the risks associated with such loans. The main objective of the actions backed by the GFEA is to support the increase of growth and jobs, and to improve the business environment in developing countries by strengthening the involvement of the private sector. The GFEA also contributes to the European External Investment Plan, which addresses the root causes of migration, the ongoing refugee crisis and security-related issues.

World Bank support for investment in EU and Western Balkan transport

01-10-2018

Over the six decades during which the World Bank has been active in Europe, its engagement has evolved hand in hand with the development of the continent. Initially supporting reconstruction efforts after World War II, it later shifted the focus of its action to development support. In the past, as today, it has provided financing, knowledge and assistance to countries seeking to join the European Union. As a starting point in providing a deeper insight into how the World Bank contributes to the ...

Over the six decades during which the World Bank has been active in Europe, its engagement has evolved hand in hand with the development of the continent. Initially supporting reconstruction efforts after World War II, it later shifted the focus of its action to development support. In the past, as today, it has provided financing, knowledge and assistance to countries seeking to join the European Union. As a starting point in providing a deeper insight into how the World Bank contributes to the development of European countries today, this briefing first looks at the Bank's complex structure, the functioning of its different parts and the types of investment and assistance it offers its clients. Then, leaving aside the many other areas of the Bank's activity, the focus narrows to its support for transport in the EU and its Western Balkan partners. As the World Bank is one of several international institutions that are active in the Western Balkans, the briefing also looks into how the Bank links with the development-support efforts of the European Commission and the financial landscape of the Western Balkans Investment Framework.

Defence: What has the EU done?

29-06-2018

Attempts to move towards a common defence have been part of the European Project since its inception. However, more has been achieved in the past two years than in the last 60 years.

Attempts to move towards a common defence have been part of the European Project since its inception. However, more has been achieved in the past two years than in the last 60 years.

Extending the European Investment Bank's External Lending Mandate to Iran

15-06-2018

The European Commission adopted two delegated decisions designed to counter the effects of United States (US) extraterritorial sanctions against Iran on 6 June 2018. One of the decisions updates Regulation (EC) 2271/96, known as the Blocking Regulation, to prohibit EU companies from complying with the US sanctions against companies investing in, or transacting business with, Iran. The second decision (C(2018) 3730 final) – the subject of this 'At a glance' note – brings Iran within the remit of the ...

The European Commission adopted two delegated decisions designed to counter the effects of United States (US) extraterritorial sanctions against Iran on 6 June 2018. One of the decisions updates Regulation (EC) 2271/96, known as the Blocking Regulation, to prohibit EU companies from complying with the US sanctions against companies investing in, or transacting business with, Iran. The second decision (C(2018) 3730 final) – the subject of this 'At a glance' note – brings Iran within the remit of the European Investment Bank's (EIB) External Lending Mandate (ELM), by adding it to the list of countries outside the EU that are eligible for EIB lending. Both decisions are part of the EU's efforts to protect the Joint Comprehensive Plan of Action (JCPOA) from the repercussions of the unilateral US withdrawal. The JCPOA was agreed between Iran and the E3/EU+3 – France, Germany, the United Kingdom and the EU plus China, Russia and the USA – in 2015, and is designed to ensure the peaceful nature of Iran's nuclear programme.

Plenary round up - May I

03-05-2018

The May I plenary session highlight was the European Commission statement on the post-2020 Multiannual Financial Framework package adopted by the College of Commissioners on the morning of 2 May 2018. The package comprises proposals for a new post-2020 multiannual financial framework (MFF) for the European Union, as well as for a new system of own resources (OR) to provide the EU with the means to finance its annual budgets. Members will respond in a resolution to be voted at the end of May, and ...

The May I plenary session highlight was the European Commission statement on the post-2020 Multiannual Financial Framework package adopted by the College of Commissioners on the morning of 2 May 2018. The package comprises proposals for a new post-2020 multiannual financial framework (MFF) for the European Union, as well as for a new system of own resources (OR) to provide the EU with the means to finance its annual budgets. Members will respond in a resolution to be voted at the end of May, and the Commission will make a series of further legislative proposals for individual spending programmes later in May and in June. Prime Minister of Belgium, Charles Michel, also attended the session, for a debate on the future of Europe. Members also discussed VP/HR Federica Mogherini's statement on early presidential elections in Venezuela and approved a call for their immediate suspension. Parliament voted, inter alia, on a number of own-initiative reports

European Investment Bank: 2016 financial report

25-04-2018

During the May I plenary session, the European Parliament is expected to discuss the financial report of the European Investment Bank (EIB) for the year 2016. The increasing importance of the EIB, both in budgetary terms and in its varied funding contributions in different areas of activity, calls for high level of transparency and accountability. Although the European Parliament's Committee on Budgetary Control (CONT) acknowledges some progress in this regard, it considers there is still room for ...

During the May I plenary session, the European Parliament is expected to discuss the financial report of the European Investment Bank (EIB) for the year 2016. The increasing importance of the EIB, both in budgetary terms and in its varied funding contributions in different areas of activity, calls for high level of transparency and accountability. Although the European Parliament's Committee on Budgetary Control (CONT) acknowledges some progress in this regard, it considers there is still room for improvement.

State Aid and EU funding: are they compatible?

16-04-2018

State aid involves the transfer of state resources. These are resources which are controlled by public authorities. EU funds which are granted directly to undertakings without coming under the control of a public authority of a Member State cannot be considered to be state resources. However, EU funds channelled through managing authorities become state resources and can constitute state aid if all the other criteria of Article 107(1) TFEU are satisfied.

State aid involves the transfer of state resources. These are resources which are controlled by public authorities. EU funds which are granted directly to undertakings without coming under the control of a public authority of a Member State cannot be considered to be state resources. However, EU funds channelled through managing authorities become state resources and can constitute state aid if all the other criteria of Article 107(1) TFEU are satisfied.

Külső szerző

Professor Phedon Nicolaides

European Fund for Strategic Investments – EFSI 2.0

15-02-2018

On 14 September 2016, the Commission proposed an extension of the duration of the European Fund for Strategic Investments (EFSI) until end-2020, and the introduction of technical enhancements for that fund and the European Investment Advisory Hub. Under the new regulation, (EFSI 2.0), steps are taken to increase support for small-scale projects; Parliament can send a (non-voting) expert to EFSI’s steering board, and EFSI’s scoreboard will be publicly available after a project is signed. The increase ...

On 14 September 2016, the Commission proposed an extension of the duration of the European Fund for Strategic Investments (EFSI) until end-2020, and the introduction of technical enhancements for that fund and the European Investment Advisory Hub. Under the new regulation, (EFSI 2.0), steps are taken to increase support for small-scale projects; Parliament can send a (non-voting) expert to EFSI’s steering board, and EFSI’s scoreboard will be publicly available after a project is signed. The increase in the financial allocation needed to deliver the higher investment targeted will come from an increase in the EU budget guarantee from €16 billion to €26 billion, and an increase in the EIB contribution from €5 billion to €7.5 billion. However, the provisioning rate for the guarantee is reduced to 35 %, giving a total contribution from the EU budget of €9.1 billion, compared to an initial contribution of €8 billion. Parliament managed to reduce the share of this increased contribution financed via redeployments from the Connecting Europe Facility programme, by instead drawing more heavily on EFSI-assigned revenues and investment reflows. The agreed text was adopted on 12 December 2017.

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