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Tourism plays an enormously important role in the EU economy and society. It generates foreign exchange, supports jobs and businesses, and drives forward local development and cultural exchanges. It also makes places more attractive, not only as destinations to visit but also as locations to live, work, invest and study. Furthermore, as tourism is closely linked with many other sectors – particularly transport – it also affects the wider economy. The coronavirus pandemic has hit the tourism sector ...

Plenary round-up – July 2021

De un vistazo 09-07-2021

During the July 2021 plenary session in Strasbourg, Parliament continued to debate and adopt Multiannual Financial Framework programmes for 2021-2027, this time finalising programmes in the justice and home affairs, fisheries and infrastructure areas. Debates on a number of Council and Commission statements were held, including on the programme of activities of the Slovenian Council Presidency, on the conclusions of the European Council meeting of 24-25 June 2021, on the Commission’s 2022 work programme ...

During its July plenary session, Parliament is set to discuss the Committee on Budgetary Control's report on the control of the European Investment Bank's financial activities in 2019. The report highlights the role of the Bank in financing the European Green Deal, and its gradual shift towards being 'the EU Climate Bank'. It also looks into the implementation of the European Fund for Strategic Investments (EFSI) and the Bank's external operations, among other things. As last year, the report strongly ...

Plenary round-up – Brussels, July 2020

De un vistazo 13-07-2020

The July 2020 plenary session was the fifth conducted with Members participating remotely, using the alternative voting procedure put in place in March by Parliament's Bureau, although a majority were present in Brussels. During this session a number of Council and European Commission statements were debated, with the presentation of the programme of activities of the German Presidency a highlight. Members also debated the conclusions of the European Council meeting of 19 June and preparation of ...

Durante el período parcial de sesiones de julio, el Parlamento Europeo examinará el informe de la Comisión de Control Presupuestario sobre el control de las actividades financieras del Banco Europeo de Inversiones (BEI) para 2018. Entre otras cosas, el informe destaca el papel del Banco en la financiación del Pacto Verde Europeo, el Fondo de Transición Justa y su futura orientación para convertirse en el «Banco de la Unión para el Clima». El informe subraya asimismo la necesidad de aumentar la eficacia ...

Durante el período parcial de sesiones de julio, está previsto que el Parlamento vote el informe de 2019 sobre las actividades financieras del Banco Europeo de Inversiones, elaborado por la Comisión de Presupuestos. Entre otras cosas, el informe destaca la necesidad de que el banco se centre más en el clima, la digitalización y una transición justa; que invierta en mayor medida en la UE y fuera de ella; que preste un apoyo constante a las pequeñas y medianas empresas (pymes) y a las empresas de mediana ...

The ESM and the EIB: comparison of some features

Análisis en profundidad 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.

Just transition in EU regions

De un vistazo 28-01-2020

The EU plans to cut greenhouse gas emissions by at least 50 % by 2030, and to achieve climate neutrality by 2050. This will require a socio-economic transformation in regions relying on fossil fuels and carbon-intensive industries. As part of the European Green Deal, the new Commission has announced a 'Just Transition Mechanism' of €100 billion to support the territories most affected by the transition towards climate neutrality.

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 ...

The European Fund for Strategic Investments (EFSI), one element of the ‘Juncker Plan’, was proposed in 2015 with the aim of covering part of the investment gap that occurred as a consequence of the global financial and European sovereign debt crises. In the absence of adequate public investment, the plan would mobilise private investment in specific areas through the use of first-loss guarantees provided from the EU budget. It was estimated that, through the provision of €21 billion in guarantees ...