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Image header Agence Europe
Europe Daily Bulletin No. 12448
Contents Publication in full By article 6 / 36
EU RESPONSE TO COVID-19 / Eib

EIB announces €40 billion to support SMEs in face of consequences of coronavirus

The European Investment Bank (EIB) group announced on Tuesday 17 March €40 billion to tackle the crisis caused by the COVID-19 outbreak and called on Member States to provide an additional guarantee to support SMEs and mid-cap companies.

These funds will be used to ease liquidity and working capital constraints for SMEs and mid-sized companies, the Bank said in its press release.

More specifically, these are guarantee systems dedicated to banks for “immediate” deployment that can...

Contents

EU RESPONSE TO COVID-19
EUROPEAN COUNCIL: Twenty-Seven committed to fighting coronavirus pandemic on all fronts
HEALTH: Commission sets up a scientific advisory group on COVID-19
ECONOMY: Eurogroup will do everything necessary to avoid paralysis of euro area economy
STATE AID: Commission proposes a Temporary Framework to support economy during COVID-19 outbreak
COMPETITION: Rome wants to nationalise Alitalia airline due to effects of COVID-19 pandemic
EIB: EIB announces €40 billion to support SMEs in face of consequences of coronavirus
FINANCE: EU domino effect regarding short selling
CIVIL PROTECTION: 290 EU citizens repatriated from Marrakech on Austrian flight co-financed by EU
TRANSPORT: emergency meeting of European ministers to coordinate their action to support sector faced with Covid-19
AGRICULTURE: all EU Member States will be able to extend deadline for submitting direct aid applications by one month
FISHERIES: ETF calls for urgent measures for employees affected by coronavirus
ENVIRONMENT: residents of polluted cities are more at risk from Covid-19, EPHA warns
COHESION: European Parliament Committee on Regional Development wants to activate urgent legislative procedure for COVID-19
WESTERN BALKANS: EU is considering how to involve region in European measures to combat coronavirus
EU INSTITUTIONS: COVID-19 pandemic complicates legislative decision-making
COUNCIL OF EUROPE: measures taken to deal with COVID-19 pandemic can only be for public health, warns Dunja Mijatović
DIGITAL: platforms collaborate to counter disinformation related to COVID-19
EDUCATION/YOUTH: MEP Sabine Verheyen calls for COVID-19 support measures
UNITED KINGDOM: COVID-19, cancellation of second round of negotiations on future relations between London and EU
CHINA: EU/China summit postponed indefinitely
INSTITUTIONAL
BUDGET: European Parliament Committee on Budgets submits ‘contingency plan’ for 2021-2027 MFF
DEMOCRACY: European Court of Auditors will publish a report in 2021 on effectiveness of EU's measures to combat disinformation
EXTERNAL ACTION
FOREIGN AFFAIRS: European Union wants to continue to work as closely as possible with United Kingdom
UNITED STATES: Airbus dispute, imports of aircraft subject to additional duty of 5%
SECTORAL POLICIES
ENERGY: European Commission welcomes progress made by Bulgaria, Lithuania and Slovakia in decommissioning their nuclear power plants
ENVIRONMENT: Council of EU adopts its position on reuse of waste water for agricultural irrigation
ECONOMY - FINANCE - BUSINESS
EMU: Mr Centeno expects rapid finalisation of reform of European Stability Mechanism
SOCIAL AFFAIRS
SOCIAL: digital platforms, a Commission study suggests legislative action at European level
COUNCIL OF EUROPE
MIGRATION: Dunja Mijatović's recommendations for new European Pact on Migration and Asylum
NEWS BRIEFS
COMPANIES: Just Transition Fund, SMEunited stresses need to take SMEs into account
CLIMATE: UfM calls for regional dialogue to combat water shortages
ENVIRONMENT: soil remediation could eliminate up to 5.5 billion tonnes of greenhouse gases per year, according to new study
GREECE: reduction of primary surplus targets still in review
DIGITAL: Huawei, Round Table of Industrialists calls for compensation
RESEARCH: European Commission extends closure dates for some Horizon 2020 calls for proposals
UKRAINE: EU announces further support for east of country