Outgoing European Commission president, Jean-Claude Juncker, announced on Tuesday (22 October) that the investment plan launched at the beginning of his mandate helped create 1.1 million jobs in Europe and boosted the European economy by 0.9%.
The European Investment Bank and the European Commission were forced to defend their flagship 'Juncker' investment plan, following a report of the European Court of Auditors published on Tuesday (29 January) that questioned its usefulness.
The amount of investment mobilised by the European Fund for Strategic Investments (EFSI) may have been overestimated, a new report by the European Court of Auditors has warned. It added that it may have also favoured larger member states.
The European Investment Bank (EIB) would risk its model business if it invested in Iran, given the US sanctions after its withdrawal of the nuclear deal, president of the EIB Werner Hoyer told the press on Wednesday (18 July).
The Asian Infrastructure Investment Bank (AIIB) has recently decided to start looking abroad to invest its $100 billion in capital, including ports in the EU. His vice-president Joachim von Amsberg told EURACTIV there wouldn’t be any rivalry with EU institutions, but rather "collaboration".
The European Commission put forward a proposal on Wednesday (6 June) to bring all of the EU's existing investment instruments under the banner of a new fund called "InvestEU" which will formally succeed the Juncker Plan.
Most EU countries have been hit by a collapse in investment in the past decade, according to data published by Eurostat on 14 May. EURACTIV’s partner La Tribune reports.
The EU’s investment fund set up in the aftermath of the financial crisis has mobilised €284 billion to date, mostly in private capital, surpassing the halfway point of its 2020 target.
At the COP23 summit in Bonn, Luxembourg's finance and environment ministers joined with directors of the European Investment Bank to launch a de-risking mechanism that will allow financing of climate-friendly projects.