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EBRD and EU finance Serbian businesses via OTP Banka Serbia
The European Bank for Reconstruction and Development (EBRD) is providing 60 million euros in financing to OTP Banka in Serbia. As part of the financial package, 10 million euros will be lent through the EBRD’s small and medium-sized enterprise (SME)…
List of ship recycling facilities: first renewals of inclusion for yards located outside the EU
Today, the European Commission adopted the 12th edition of the European List of ship recycling facilities. The updated list renews the inclusion of two yards located in Türkiye and one yard located in the USA, after 5 years on the list.…
Warming, acidification, dropping oxygen levels threaten Europe’s seas
The EEA briefing ‘How climate change impacts marine life’ summarises how increasing levels of greenhouse gas emissions in the atmosphere are affecting marine ecosystems in Europe. Supporting the review of the EU Marine Strategy Framework Directive, the EEA briefing further…
ABB signs 500 million euros EIB financing to further drive smart and sustainable electrification technologies
ABB and the European Investment Bank (EIB), the lending arm of the European Union, have signed a 500 million euros financing agreement to support ABB’s research and development in its Electrification business area. Global demand for electricity is growing 10…
First EBRD loan to support solar power in Croatia with InvestEU
The first European Bank for Reconstruction and Development (EBRD) project with the InvestEU programme, designed to support sustainable economy projects, will finance the construction of 30 MW of new solar generation capacity in Croatia. It is the Bank’s first solar…
Commission welcomes agreement between European Parliament and Council on Nature Restoration Law
The Commission welcomes the provisional agreement just reached between the European Parliament and the Council on the Nature Restoration Law. Once adopted and applied in the EU Member States, the law will be a key contribution to reaching climate neutrality…
EU food prices: olive oil up 75 percent since January 2021
After substantial increases in 2022, food prices in the EU continued to rise also in 2023. Data for the second and third quarters of this year show that the prices of some items registered a slower increase. In September 2023, prices of…