Latest news from EU institutions and bodies

The European Investment Bank (EIB) and Snam have signed a financing agreement for €100 million to support energy improvement projects in public buildings and energy efficiency measures for industrial activities. The framework financing agreement can be used in several tranches over three years. Each tranche will have a maximum total tenor of 15 years.

EIOPA published today an Opinion regarding the supervision of captive (re)insurance undertakings, with a particular focus on intra-group transactions, the prudent person principle and governance.

The European Investment Bank (EIB) and Madrid's Empresa Municipal de Transportes (EMT) have signed a €50 million loan to finance the expansion of EMT's zero-emissions bus fleet, boosting support for sustainable urban public transport. The project includes the purchase of 250 electric buses and 10 hydrogen buses to replace the vehicles that have been in service in Madrid the longest, and are nearing the end of their useful life.

European Commission Press release Brussels, 02 Jul 2024 The European Commission has approved, under EU State aid rules, a €3 billion (SEK 36 billion) Swedish scheme to support carbon capture and storage (‘CCS') aimed at reducing carbon dioxide (‘CO2') released during the combustion or processing of biomass (‘biogenic CO2').

European Commission Press release Brussels, 02 Jul 2024 The European Commission has approved, under EU State aid rules, Bulgaria's plans to grant postal operator Bulgarian Posts restructuring aid for up to €25.51 million (BGN 50 million). The measure will enable the company to restore its long-term viability while minimising competition distortions.

European Commission Press release Brussels, 02 Jul 2024 Today, the European Commission announced the sixth investment package under the EU's Economic and Investment Plan for the Western Balkans that is expected to mobilise €1.2 billion in investments.

European Commission Press release Brussels, 02 Jul 2024 Today, the Commission has endorsed a positive preliminary assessment of 53 milestones and targets linked to Italy's fifth payment request, for €11 billion (net of pre-financing) under the Recovery and Resilience Facility, the centrepiece of NextGenerationEU.

European Commission Press release Brussels, 02 Jul 2024 Today, the Commission endorsed a positive preliminary assessment of 19 out of the 20 milestones and targets linked to Belgium's first payment request for €658 million (net of pre-financing) under the Recovery and Resilience Facility (RRF), the centrepiece of NextGenerationEU.