Commission and EIB provide CureVac with a €75 million financing for vaccine development and expansion of manufacturing

The European Investment Bank (EIB) and CureVac, a clinical-stage biopharmaceutical company developing a new class of transformative medicines based on optimised mRNA, entered into a €75 million loan agreement to support the Company's ongoing development of vaccines against infectious diseases, including its vaccine candidate CVnCoV aimed at preventing SARS-CoV-2 infections. In addition, the loan will support the Company's efforts to expand its existing Good Manufacturing Practice (GMP) certified production capabilities and accelerate the completion of its fourth production site in Tübingen, Germany. The EIB financing will be provided in three €25 million tranches upon completion of pre-defined milestones.

(European Commission)

Investment Plan for Europe exceeds €500 billion investment target ahead of time

The European Commission and the European Investment Bank (EIB) Group have delivered on their pledge to mobilise €500 billion in investment under the Investment Plan for Europe. Some 1,400 operations have been approved under the European Fund for Strategic Investments (EFSI), using a budget guarantee from the European Union and own resources from the EIB Group. They are expected to trigger close to €514 billion in additional investment across EU countries and to benefit some 1.4 million small and mid-sized companies. In 2017, when the Council and the Parliament agreed to broaden the EFSI's scope and size, the goal was to mobilise €500 billion by the end of 2020. The money was intended to address the investment gap left as a result of the 2007/8 financial and economic crisis.(European Commission)

Single Market Scoreboard 2020: Member States need to do more to ensure the good functioning of the EU Single Market

Today, the Commission is publishing the Single Market Scoreboard 2020, which shows that despite improvements in certain areas, Member States need to do more to ensure the proper functioning of the Single Market. As experienced during the coronavirus crisis, a well-functioning single market is crucial for ensuring the free movement of supplies across the EU and vital for the swift recovery of the EU economy. The results of this year's Scoreboard, which is available as an online tool, highlight the importance of the renewed focus on implementation and enforcement outlined by the Commission's Enforcement Action Plan adopted in March 2020. 

(European Commission)

Next six months crucial for the EU, says von der Leyen at the start of the German Presidency of the Council of the EU

The College of Commissioners met today via videoconference the Government of Germany for the beginning of the German Presidency of the Council of the EU. President of the European Commission Ursula von der Leyen said that the start of the German Presidency came at a crucial point in time as the next six months would, to a large extent, determine the future of the EU.

She reminded of the urgency of the task to forge an agreement on the NextGenerationEU and the long-term EU budget in the European Council, saying it was the crisis that ‘sets the pace'. “Every day we lose, we will be seeing people losing their jobs, companies going bust, and the weakening of our economies.”

(European Commission)

European Commission News

Coronavirus response: Team Europe supports Somalia with three EU Humanitarian Air Bridge flights

05 - 07 - 2020

Today, an EU Humanitarian Air Bridge flight arrived in Mogadishu from Brindisi, Italy, carrying humanitarian and medical supplies provided by the Italian Ministry of Foreign Affairs and International Cooperation, Italian civil society organisations and international NGOs. Two other flights to Somalia will take off from Brindisi in the coming days, with additional material on board, bringing the total of cargo to 42 tonnes.

The EU Humanitarian Air Bridge flights to Somalia have been put in place thanks to a cooperation between the European Commission and Italy. The flights are being facilitated by the Humanitarian Logistics Network and have been organised in coordination with the Somali authorities and the Delegation of the European Union in Mogadishu. The totality of the transport costs are financed by the European Commission, humanitarian organisations provide the cargo.

Boosting the EU's green recovery: Commission invests €1 billion in innovative clean technology projects

03 - 07 - 2020

The Commission is launching today the first call for proposals under the Innovation Fund , one of the world's largest programmes for the demonstration of innovative low-carbon technologies, financed by revenues from the auction of emission allowances from the EU's Emissions Trading System. The Innovation Fund will finance breakthrough technologies for renewable energy, energy-intensive industries, energy storage, and carbon capture, use and storage. It will provide a boost to the green recovery by creating local future-proof jobs, paving the way to climate neutrality and reinforcing European technological leadership on a global scale.

EU Emergency Trust Fund for Africa: New assistance package to support vulnerable groups and address COVID-19 in North Africa

02 - 07- 2020

Today, as part of the EU's global response to the coronavirus outbreak, the EU - through its Emergency Trust Fund for Africa (EUTF) - has adopted a new assistance package to protect migrants, stabilise local communities and respond to COVID-19 in North Africa. This package includes €80 million in new funds as well as €30 million reallocated from non-contracted actions under the EUTF. 

In line with the Joint Communication on the global EU response to COVID-19, this new funding will also strengthen the immediate response capacity, reinforce the health systems and services in the North African partner countries, mitigate the socio-economic impact of the crisis, as well as allow for the continuation of actions to protect refugees and migrants and stabilise local communities.

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