by Maroš Šefčovič.
The European Commission has approved an investment package of €98.2 million to support Europe’s transition to a low-carbon, circular economy under the new LIFE funding programme for the Environment and Climate Action.
In Bosnia and Herzegovina, the EU Programme for Local Development and Employment is demonstrating the continued support of the European Union to flood-affected localities, as well as EU endeavour to move from recovery to socio-economic development. EU support to all levels of society across the region is critical to enhancing the stability and development of the Western Balkans, as well as their European integration.
The European Investment Bank (EIB) and Banco Comercial Português S.A. (Millennium bcp) are joining forces to foster economic growth and job creation in the areas impacted by the forest fires that spread accross the north and centre of Portugal in 2017. The EU bank has granted a EUR 75m loan to Millennium bcp to provide financing in advantageous conditions to companies affected by the wildfires. Under the agreement, Millennium bcp undertakes to match the loan with at least the same amount. The final funds provided to facilitate economic recovery in the affected areas will therefore reach EUR 150m.