On March 10, 2015 the Economic and Financial Affairs Council agreed its’ negotiating stance on a proposed regulation on a European Fund for Strategic Investments (EFSI) under the Investment Plan for Europe announced on November 2014. This will allow the Presidency, on behalf of the Council, to start negotiations with the European Parliament as soon as the EP has agreed its own negotiating stance. The aim is for an overall agreement to be reached by June, to enable new investments to begin as early as mid-2015. Council negotiating stance on the EFSI regulation >>> The Council agreed that the fund would be built on €16 billion in guarantees from the EU budget and €5 billion from the EIB. To facilitate the payment of potential guarantee calls, a guarantee fund would be established that would gradually reach €8 billion (i.e. 50% of total EU guarantee obligations) by 2020. Following a decision by the Board of Governors of the European Investment Bank (EIB) small and medium-sized companies (SMEs) across Europe should be able to benefit from the first funds from the new EFSI before this summer. The money can be available for SMEs from the European Investment Fund (EIF), part of the EIB-Group, which will cover the risk of transactions with intermediaries providing additional finance to SMEs and small mid-caps until the main EFSI is in place. The EFSI should be up and running by September 2015 at the latest. Infrastructure projects may also benefit from similar pre-financing arrangements before EFSI is fully set up. KEY MEASURES IN IMPLEMENTING THE JUNCKER’S INVESTMENT PLAN An Investment Plan for Europe is an attempt [...]
In a few words
We represent the widely understood Central Europe energy sector (electricity generation, distribution and transmission, renewables, gas, oil, heat generation and distribution, chemical industries, etc.), universities and scientific institutions.