EU Economy and Finance

Ready for European Green Bonds? 🌱💶 Starting Dec 21, the EU's new voluntary standard aims to boost funding for sustainable projects 🌍 with greater transparency and accountability. Find out how at https://lnkd.in/dUe48XWp

Calling all investors: Join us at Slush 2024! At Slush in Helsinki, don’t miss our “Spotlight on the InvestEU Portal: Startup pitches and networking coffee” event! This exclusive session gives you a front-row seat to some of Europe’s promising startups: • MixNmatch – Transforming fashion discovery with a hyper-personalised, AI-driven platform • Mentessa – Building inclusive workplaces by scaling mentoring benefits across diverse talent • Orbotix Technologies – AI powered military drones for enhanced safety and mission effectiveness Secure your spot and connect with Europe’s next wave of breakthrough talent ➡ https://lnkd.in/eHvSUUB3

InvestEU is at the #WebSummit 2024 in Lisbon from 11-14 November! We look forward to connecting with tech innovators and discussing how EU investments are driving growth and sustainability in Europe. Join us and be part of the conversation with us! #InvestEU #WebSummitLisbon

Together with the help of #InvestEU, the European Investment Bank (EIB) is supporting Oceanloop with a €35 million loan to expand its groundbreaking indoor shrimp farming technology. This investment will support their sustainable farms in Germany and Spain, setting a new standard for climate-friendly food production. 📺 Watch below how companies benefitted already from InvestEU. ⬇️ ⛓ Read more: https://lnkd.in/eWdr45ku #SustainableFarming #FoodTech

VAT in the Digital Age is here! 👉 europa.eu/!rKfkbp 🧾 More modern tax systems that are resilient against fraud? New EU measures harness digitalisation and simplify life for businesses. The ViDA proposal consists of three pillars: ☑️ Digital real-time reporting through e-invoicing ☑️ New VAT rules for the platform economy in the accommodation and transport sector ☑️ A Single VAT registration system The directive and regulation will help EU Member States and businesses:  ✅  EU Member States: are informed of transactions in a real time, allowing them to act fast against VAT fraud. ✅ Businesses: benefit from removing cumbersome administrative procedures and streamlining processes for all.

How are reforms and investments in the national Recovery and Resilience Plan helping citizens and businesses across Germany? 💻 digitalisation of public services, schools and hospitals 🚎 financial support for e-mobility 🏠 climate-friendly housing renovation These are just a few examples of reforms and investments helping Germany to become more sustainable, resilient and better prepared for the challenges and opportunities of the green transition and digital transition. Learn more: https://europa.eu/!pqJn4b #NextGenerationEU

Are you interested in the future of European economy? If your answer is 👍, join us on the 21 and 22 November 2024 for our Annual Research Conference, the European Commission’s main economics research event! On the agenda: 🔹 global trade, including changes in the organisation of global value chains, and their impact on economic efficiency; 🔹 capital allocation and incentives for innovation and investment in low-carbon technologies; 🔹 the costs and benefits of industrial policies to develop strategic sectors including, defence, energy, healthcare and high-tech. Have a look at the full programme and register to join the event online: https://europa.eu/!Qc8HD7

The revised regime for EU long-term investment funds benefits investors and strengthens EU capital markets.     The European Commission has finalised its reform of the European Long-Term Investment Funds (ELTIFs) rules with the publication of the Commission Delegated Regulation specifying regulatory technical standards (RTS) on 25 October. ELTIFs are EU funds that enable investors to invest in assets, companies and long-term projects.   The revised regime, commonly referred to as ELTIF 2.0 and applicable since January 2024, brings several improvements:    ➡️removing existing hurdles and enabling ELTIFs 2.0 to be marketed to investors across the EU ➡️democratising private investing by empowering retail investors and opening the door to assets classes, projects and investment strategies previously reserved primarily for highly sophisticated institutional investors ➡️enhancing investor protection safeguards by introducing a MiFID II suitability assessment, a depositary for retail ELTIFs as well as comprehensive disclosure requirements and investor alerts    The finalisation of the ELTIF 2.0 reform is expected to stimulate long-term investments in Europe. It marks a turning point for many national investment funds, which are mostly marketed domestically, and therefore unable to fully reap the benefits of the Single Market.   By addressing the shortcomings of the original ELTIF framework, ELTIF 2.0 seeks to mobilise significant private capital, strengthen the EU's capital markets and support projects crucial to the EU's long-term competitiveness.    Take a look at the recently published regulatory technical standards: https://lnkd.in/eTrFi7ja

💡𝐔𝐩𝐝𝐚𝐭𝐞 𝐨𝐧 𝐭𝐡𝐞 𝐅𝐑𝐓𝐁 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐄𝐔: The Delegated Act postponing the implementation of the Fundamental Review of the Trading Book (FRTB) in the EU has been cleared by the European Parliament and Council. The 3-month scrutiny period ended on 24 October without any objections, paving the way for the European Commission's Delegated Act to be published in the Official Journal of the EU. This means that the implementation of the market risk prudential requirements in the EU under the Basel III banking reform will be delayed by one year, to 1 January 2026.   📆️The delay will allow to preserve a global level playing field for internationally active European banks with respect to their trading activities. Find out more 👉️ https://europa.eu/!HvBmFM 

Earlier this week, the European Commission hosted a stakeholder workshop on the European Green Bond Standard. Building on the definitions of the EU Taxonomy for sustainable activities and relying on strong disclosures backed by external reviews, this new voluntary standard is an important part of the EU’s efforts to support the transition to a low-carbon economy. From 21 December 2024, businesses, financial firms and public institutions will be able to issue European Green Bonds, helping them raise money for their sustainable projects. To support prospective issuers and other stakeholders, DG FISMA organised an online event to discuss practical questions and issues with around 600 participants. Representatives of A2A, an Italian multi-utility company that is looking into issuing a European Green Bond, shared their experience so far. Meanwhile, the European Securities and Markets Authority (ESMA) presented its work on the new supervisory regime for external reviewers, the companies which will be providing independent assessments of the disclosures that issuers of European Green Bonds will need to publish.  Some key topics discussed at the event included:     👉 The requirements linked to the use of proceeds, including on EU Taxonomy alignment.    👉 How the European Green Bond Standard will interact with the Prospectus Regulation and the upcoming changes introduced by the Listing Act.     👉 The role and tasks of external reviewers, as well as the requirements they will need to meet under the new EU-level supervision system.    👉 The specific needs of some issuers, notably sovereigns.     We thank all participants for their questions and will now reflect on how to take this feedback forward to potentially provide more guidance to stakeholders.  If you want to learn more about European Green Bonds, head over to our website: https://lnkd.in/ei9jPACH You can find a recording of this week’s workshop here: https://lnkd.in/evBDZyH6 Patricia Gentile, MBA, Marina Sabinina, CESGA®, João Cruz Ferreira