Erasmus+: EU will invest over €3 billion in young Europeans to study or train abroad in 2020

Today, the European Commission published its 2020 call for proposals for the Erasmus+ programme. 2020 is the last year of the current European Union programme for mobility and cooperation in education, training, youth and sport. The expected budget of over €3 billion, an increase of 12% compared to 2019, will provide even more opportunities for young Europeans to study, train or gain professional experience abroad. As part of the 2020 call for proposals, the Commission will launch a second pilot on European Universities. Moreover, the EU aims to create 35,000 opportunities for African students and staff to participate in the programme as part of the Africa-Europe Alliance for Sustainable Investment and Jobs.

(European Commission)

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Landmark agreement will protect 100 European Geographical Indications in China

Today, the EU and China concluded the negotiations on a bilateral agreement to protect 100 European Geographical Indications (GI) in China and 100 Chinese GI in the EU against imitations and usurpation. This landmark agreement is expected to result in reciprocal trade benefits and demand for high-quality products on both sides. Delivering on the commitment made at the last EU-China Summit in April 2019, this agreement is a concrete example of cooperation between the European Union and the People's Republic of China, reflecting the openness and adherence of both sides to international rules as a basis for trade relations.

(European Commission)

EU approves €150 million disbursement in Macro-Financial Assistance to Tunisia

The European Commission, on behalf of the EU, has approved today the disbursement of a €150 million loan to Tunisia. This is the third and final disbursement under the second Macro-Financial Assistance (MFA) programme to Tunisia, and follows the completion of an important set of policy measures intended to support the country's economic transition. The disbursement of MFA funds is conditional on the implementation of specific policy measures agreed in a Memorandum of Understanding. The reforms undertaken as part of this MFA reflect the efforts made by Tunisian authorities to implement a set of far-reaching reforms designed to fight corruption, build a more equitable tax system, increase the quality of public administration, and improve the country's social protection system.

(European Commission)

Commission proposes financial aid for fishermen affected by the closure of the Eastern Baltic cod fishery

Today, the Commission has adopted a proposal offering support from the European Maritime and Fisheries Fund to fishermen affected by the closure of the Eastern Baltic cod fishery to permanently decommission their fishing vessels. Eastern cod is one of the key fisheries in the Baltic Sea, but the stock is in very poor shape. At the Council meeting on 14-15 October, fisheries ministers followed a Commission proposal and agreed to reduce fishing possibilities in 2020 to almost zero. While this step is necessary to give the stock a chance to recover, the Commission recognises that it also means severe and unavoidable economic hardship for the fleets and fishing communities traditionally targeting this stock. With today's proposal, the Commission aims to mitigate the economic impact of the closure and extend a helping hand to those fishermen and women who will be hit hardest. The European Maritime and Fisheries Fund (EMFF) offers them financial support in this economically difficult situation.

(European Commission)

European Commission News

Juncker Plan supports Portuguese software start-ups at the Web Summit with €15 million investment into new fund Faber Tech II

30-10-2019

The European Investment Fund (EIF) and Instituição Financeira de Desenvolvimento (IFD) – Portugal's national promotional institution – have made a €15 million investment in Faber Tech II, a new venture capital fund. The EIF's investment is backed by the Juncker Plan's European Fund for Strategic Investments. Faber Tech II will focus on investing in early-stage, data-centric start-ups in Iberia, primarily from Portugal. As of October 2019, the Juncker Plan had already mobilised €439.4 billion of investment across the EU, including €9.8 billion in Portugal, and supported more than one million start-ups and small and medium businesses. Juncker Plan-backed investments have increased EU gross domestic product by 0.9% and added 1.1 million jobs compared to the baseline scenario. By 2022, the Juncker Plan will have increased EU GDP by 1.8% and added 1.7 million jobs.

Industrial policy: recommendations to support Europe's leadership in six strategic business areas

05- 11 - 2019

Today, the Commission publishes recommendations by a group of experts, the Strategic Forum on Important Projects of Common European Interest, to boost Europe's competitiveness and global leadership in six strategic and future-oriented industrial sectors: Connected, clean and autonomous vehicles; Hydrogen technologies and systems; Smart health; Industrial Internet of Things; Low-carbon industry; and Cybersecurity. Important Projects of Common European Interest (IPCEIs) comprise innovative research projects that often entail significant risks and require joint, well-coordinated efforts and transnational investments by public authorities and industries from several Member States. By investing jointly in Europe's industrial strengths and assets, the EU can generate jobs and growth across sectors and regions and strengthen its role on the global stage.

EU boosts humanitarian assistance following floods in Horn of Africa

30- 10 - 2019

As heavy flooding in the Horn of Africa region continues to put the lives of many vulnerable communities at risk, the European Commission today is providing an additional €3 million in emergency aid. The funding will be provided through humanitarian organisations in Somalia, Ethiopia, Kenya and South Sudan. “The EU stands in solidarity with the people of Somalia, Ethiopia, Kenya and South Sudan. These floods are a clear consequence of climate change, and are now a further driver of displacement and suffering to already vulnerable people. Our emergency aid will help deliver essential supplies to save lives," said Commissioner for Humanitarian Aid and Crisis Management, Christos Stylianides. The EU funding will provide emergency shelter for displaced people, food, logistics support for access as well as water, hygiene and sanitation assistance aimed at preventing the outbreak of cholera and other water-borne diseases.

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