The financial crisis began with the collapse of Lehman Brothers, starting a worldwide chain reaction. The EU economy contracted for five consecutive quarters, with growth returning only in the second half of 2009. Stimulatory and fiscal actions by national governments and the EU, and the Eurosystem’s loose monetary policy, helped
Tag: Finance
EU Budget 2020 Approved
EU Budget 2020: investing more in climate, jobs and the youth in focus Over €500 million more dedicated to climate action Support for the young: boosting Erasmus and the fight against youth unemployment Last annual budget of current financial framework 2014-2020 For next year’s EU budget, MEPs have secured better support
EU Fall 2019 Economic Forecast
The EU's economy is now in its seventh consecutive year of growth and is forecast to continue expanding in 2020 and 2021. Labor markets remain strong and unemployment continues to fall. However, the external environment has become much less supportive and uncertainty is running high. This is particularly affecting the
EU-Tunisia: EU approves 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
Quantamental Investing
The world is awash in data like never before. From a person’s morning Uber ride and favorite coffee spot, to the emails sent from their office—all these activities create massive amounts of data, but also behavioral and investment insights. Warren Buffett’s investment style exemplifies the fundamental approach: “Which companies offer the
Moodys: Montenegro affirms B1 credit rating
Moody's credit rating agency has affirmed the B1 credit rating for Montenegro, while retaining "positive" outlook. The credit rating is the result of high GDP per capita, optimistic prospects for EU accession, and a strong investment trend with a focus on foreign direct investment. The latest Moody's report welcomes significant
Montenegro Creative Forum Opened
Prime Minister of Montenegro Duško Marković opened in Podgorica earlier today a conference titled "Montenegro Creative Forum" by noting that the Government will not save money when it comes to culture, that the Government encourages culture and artists in this area in many ways and that the aim is to
EIB supports clean urban transport
The European Investment Bank (EIB) has provided almost EUR 200m to cut the polluting emissions produced by buses in Spain's largest cities. The EU bank has been providing this financing since 2017 under the Cleaner Transport Facility, which aims to promote cleaner transport systems. This joint EIB-European Commission financing instrument is
Urban regeneration and sustainable tourism by EBRD
Urban regeneration, green buildings and sustainable and inclusive tourism with links to the local economy are the priorities of the EBRD’s new strategy for the property and tourism sector, approved by the EBRD’s Board of Directors. In particular, the strategy will guide the Bank’s investments and policy work for the period
EU Package of measures for sustainable finance and benchmarks
EU Package of measures for sustainable finance and benchmarks EU Package of measures for sustainable finance and benchmarks Low-Carbon Benchmarks Positive-Carbon-Impact Benchmarks Back in 2018, the European Commission presented a package of measures on the financing of sustainable growth. The package includes three proposals aimed at
ESG (Environmental, Social and Governance) criteria for the sustainable development
Western Balkans Summit Poznan 2019 held
estern Balkans Summit 2019: Poland welcomed the Heads of Government of the Berlin Process participants, as well as representatives of the European Institutions, International Financial Institutions, OECD, the Regional Cooperation Council (RCC), and the Regional Youth Cooperation Office. The Poznan Summit builds on the previous Berlin, Vienna, Paris, Trieste and London