EC releases new advice on investment frameworks for offshore energy
To increase security of supply, support economic competitiveness and be ‘pillar of the energy transition’
European Commission
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EC spies pockets of light in gloomy European economic outlook
Economic Sentiment Indicator up 0.7 percentage points in March across EU and 0.8 percentage points across the European area
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EC, EIB and ESA boldly go into space-fuelled partnership
The European Commission, European Investment Bank and European Space Agency have signed a collaboration agreement with a view to strengthening the continent’s space sector. Announcing the move, the European Investment Bank (EIB) said the collaboration between the three institutions aimed to foster cooperation and coordination with a focus on providing financing and advisory support for…
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EFAMA critiques EC proposals on retail investment
Industry body EFAMA has responded to the European Commission’s (EC) Retail Investment Package first proposed in May this year. The European Fund and Asset Management Association lists what it calls a number of “positive elements”, along with ones that the association says need to be reconsidered. The changes were proposed earlier this year and were…
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ECB advises push on green transition around COP28
Europe has to “push” the green transition forward if it wants to remain competitive on the global stage, the European Central Bank (ECB) has warned. The assertion was made in the first in a series of articles from Fatih Birol, executive director of the International Energy Agency, Werner Hoyer, president of the European Investment Bank,…
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EC proposes plan to overhaul continent’s electricity grids
The EC has proposed an ‘Action Plan’ to help accelerate the roll-out of electricity grids across the continent, calculating €584bn in investment will be needed. The proposal from the European Commission said electricity consumption was expected to rise 60% by 2030, precipitating the need for investment. The €584bn figure had been calculated, it said, based…
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EC to invest heavily to rebuild Ukraine as green industry ‘hub’
The European Commission (EC) is preparing a €50-€60bn package to help support Ukraine’s National Plan to rebuild the country. Addressing the Kyiv Investment Forum, EC president Ursula von der Leyen said Ukraine had the people and the determination to make the country a “hub of green industry and digital innovation”. “The city of Kyiv is…
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European area economy lagging in GDP growth – EC
The European Commission (EC) has revised down its GDP growth predictions for the bloc, acknowledging the high cost of living, weak external demand and monetary tightening. In its Autumn 2023 Economic Outlook, the EC expected economic activity would gradually recover but that GDP growth would be 0.6% in both the EU and the European area.…
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Industry organisations take aim at EMIR 3.0
EFAMA and other trade bodies call for ‘active account requirement’ to be scrapped
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EC runs investor survey, following seventh EU-Bond transaction of 2023
The European Commission (EC) launched its first investor survey this week to gauge opinion on its borrowing activities and status as an issuer. The survey, which can be seen here, has been put together by the EU with the assistance of BofA Securities, Credit Agricole CIB, and HSBC. The EC noted: “The survey – which…
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EC and EIB earmark €18bn for climate transition projects
The EC and the EIB are to supply €18bn of financing under Global Gateway, Europe’s investment strategy for partner countries. A statement from the two organisations, released alongside the Global CITIZEN Now Summit in New York, said the investment would be concentrated on climate action, clean energy and connectivity in the continent’s partner countries around…