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Europe Daily Bulletin No. 12496
Contents Publication in full By article 9 / 35
EU RESPONSE TO COVID-19 / Economy

New EU instrument to support corporate solvency will target an investment level of €300 billion

On Friday 29 May, the European Commission presented the details of the new ‘Solvency Support Instrument’, which will be temporary and accessible to all Member States and all sectors covered by the European Fund for Strategic Investments (EFSI), the financial arm of the ‘Juncker’ investment plan. 

This instrument will enable “equity support to businesses all over Europe”, said, on Friday, Margrethe Vestager, Executive Vice-President of the Commission responsible for Competition...

Contents

PENTECOST: please note that our offices will be closed for the Belgian public holiday on Monday 1 June. EUROPE 12497 will be dated 3 June 2020.
EXTERNAL ACTION
CHINA: EU is seriously concerned about Chinese adoption of Hong Kong Security Law
AFGHANISTAN: EU Council calls for immediate peace negotiations
HUMAN RIGHTS: prosecutor Fatou Bensouda calls for EU support
WTO: choice of new Director General could be a key factor in driving European trade agenda
EU RESPONSE TO COVID-19
RESEARCH: ministers reaffirm importance of coordination in research and innovation to overcome crisis and ensure recovery
SPACE: spatial ecosystem must be supported within framework of European recovery plan, Mr Breton stresses
ECONOMY: Commission proposes to redirect InvestEU programme to stimulate investment in strategic sectors
ECONOMY: new EU instrument to support corporate solvency will target an investment level of €300 billion
STATE AID: green light for several national support schemes in response to Covid-19 pandemic
DEVELOPMENT: MEPs and Mike Ryan from WHO join forces to limit impact of pandemic on most vulnerable countries
CLIMATE: “Green Deal is at the heart of our recovery plans”, says Kadri Simson
ECONOMY - FINANCE - BUSINESS
TAXATION: EU Council to be ready soon to adopt its position on extension of deadlines for exchange of information due to Covid-19
BANKS: Commission is trying to coordinate industry's actions to better face crisis
SECTORAL POLICIES
ENERGY: EU hydrogen strategy takes shape
AGRICULTURE: French MEPs from Renew Europe group call for new measures from Commission
CLIMATE: confirmed 2.1% decrease in EU emissions in 2018 is mainly due to energy sector, according to EEA
TRANSPORT: new Rail Freight Forward Initiative coalition defines its priorities and lines of work
COHESION: regions are satisfied with Commission's announcements on recovery plan and next European budget
SOCIAL AFFAIRS
SOCIAL: European Parliament to adopt resolution to provide better protection for seasonal workers
COUNCIL OF EUROPE
MALTA: Parliamentary Assembly of the Council of Europe calls for cross-border teams to investigate high-level political corruption cases
NEWS BRIEFS
TRADE: sharper decline in international trade in France and Italy, according to OECD
TRADE: more than 1,300 bilateral investment treaties still active
ECONOMY: euro area inflation is 0.1% in May
ENERGY: IEA predicts 20% drop in energy investments in 2020 due to Covid-19
EU2020DE: launch of German EU Council Presidency website
MIGRATION: Frontex has recruited 265 officers to form part of permanent corps responsible for guarding EU's external borders
IMPROVED REGULATION: ETUI publishes critical report on ‘One in, one out’ principle
CSDP: EU Council appoints two Force Commanders for Operation Irini
SERBIA: EU and Serbia sign new €70.2 million pre-accession assistance package
SOCIAL: trade unions concerned about lack of a workplace safety plan in European Commission work programme
TRANSPORT: Croatian Presidency of EU Council wants to conclude negotiations on rail passenger rights before end of its mandate
CORRIGENDUM
COHESION: clarification of REACT-EU article
CALENDAR
Main activities of European Institutions: from 01 to 07/06/2020
CALENDAR EXTRA
Other Events: until 7 June 2020