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Thursday, 21 December 2017

EU Commission: Spain: EIB PROVIDES EUR 151m IN JUNCKER PLAN FINANCING FOR INVESTMENT SET TO SUPPORT INNOVATION, JOB C...

Spain: EIB PROVIDES EUR 151m IN JUNCKER PLAN FINANCING FOR INVESTMENT SET TO SUPPORT INNOVATION, JOB CREATION AND ENERGY EFFICIENCY IN SPAIN

The European Investment Bank (EIB) today signed five agreements making it possible to provide EUR 151m for investment in innovation in several sectors of the Spanish economy, such as pharmaceuticals, transport and the automotive industry. Part of this financing will be used to support innovative midcaps with the goal of creating jobs in convergence regions. The EIB has also granted a loan for renovating buildings to cut their energy consumption and make them more efficient. With these objectives, the EU bank will help finance the investments of Axiare, Batz, INCARLOPSA, Laboratorios Farmacéuticos Rovi and Talgo. All of these projects are supported by the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe (commonly known as the Juncker Plan).

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Poland: EIB supports the sustainable development of Krakow, the second largest city in Poland

Two loans from the European Investment bank (EIB) will help improve significantly the quality of life and attractiveness of the second largest city in Poland.The EIB is announcing today that it has signed a PLN 135m loan (approx. EUR 32m) to the City of Krakow for a number of urban projects designed to improve its key infrastructure, predominantly roads, mobility, public buildings and education. This is the first part of a wider PLN 1.0 billion (approx. EUR 238m) commitment approved by the Bank earlier this year. A second loan of up to PLN 200m (EUR 47.2m) has been signed with the City-owned heating network operator Miejskie Przedsiebiorstwo Energetyki Cieplnej w Krakowie (MPEC), to finance the modernization and extension of the heating system and new, more energy-efficient facilities.  

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Mergers: Commission approves acquisition by Lufthansa of Air Berlin subsidiary LGW, subject to conditions

European Commission - Press release Brussels, 21 December 2017 The European Commission has approved under the EU Merger Regulation Lufthansa's proposed acquisition of certain Air Berlin assets, through the entity Luftfahrtgesellschaft Walter GmbH ('LGW'). The decision is conditional on Lufthansa's compliance with commitments to avoid competition distortions.

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Russia: EU prolongs economic sanctions by six months

The Council prolonged EU economic sanctions against Russia until 31 July 2018.

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Commission welcomes ambitious agreement on key legislation to cut down greenhouse gas emissions

European - Statement Commission Brussels, 21 December 2017 The European Parliament and the Council today reached a provisional agreement on the effort sharing regulation - a major Commission proposal for implementing the EU's 2030 climate target.

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