Jean-Claude Juncker, President of the European Commission, said: "We have achieved what we set out to do: return Europe to solid growth and boost job creation. By 2022, the Juncker Plan will have added 1.7 million jobs to the EU labour market and increased EU GDP by 1.8%. I always said that the Plan was not a cure-all. But with more than one million small-sized companies receiving financing that wasn't available to them before, we can be proud."
Jyrki Katainen, Commission Vice-President, responsible for Jobs, Growth, Investment and Competitiveness, said: “We have come a long way since the first projects in 2015! Today the European economy is back on track and the Investment Plan will have a lasting impact. The projects financed so far benefit more than one million small businesses and help us transition to a low-carbon, circular and sustainable economy. I am proud to say that we delivered on our number one priority to mobilise private money for the public good.”
Werner Hoyer, European Investment Bank Group President, said: “When we first discussed this initiative five years ago, many people were skeptical. It is hard to believe that any financial instrument can create jobs in the millions or support one million companies. Yet, recent calculations show that we were right to pursue our ideas. The Juncker Plan has had a sizable impact on economies and lives across Europe: it has supported environment- and climate-friendly projects, innovation and a fairer society, and it will continue to do so even when Jean-Claude and I are long-retired.”
Long term effect
In addition to the direct impact the Juncker Plan has had on jobs and GDP growth, the Plan will also have a long term macroeconomic impact on the EU. Looking ahead to 2037, Juncker Plan operations will still have created 1 million jobs and have increased EU GDP by 1.2%. Improved connectivity and increased productivity resulting from Juncker Plan supported projects are helping to boost European competiveness and growth in the longer-term.
Boosting investment and supporting SMEs
As of October 2019, the Juncker Plan is set to mobilise €439.4 billion in additional investment across the EU. More than one million start-ups and small businesses are now expected to benefit from improved access to finance.
Some 70% of the expected mobilised investment comes from private resources, meaning that the Juncker Plan has also met its objective of mobilising private investment.
Who has received financing?
Thanks to the Juncker Plan, the EIB and its subsidiary for financing small businesses, the European Investment Fund (EIF), have approved financing for close to 1200 operations and are on track to provide risk financing for more than one million start-ups and SMEs across a wide range of sectors and in all 28 EU countries.
As of October 2019, the top countries ranked by EFSI-triggered investment relative to GDP are Greece, Estonia, Portugal, Bulgaria and Poland. Examples of Juncker Plan projects range from pan-European high-speed charging infrastructure for electric vehicles to a food waste management company in Romania to reintegrating former military personnel into the workplace in the Netherlands. Factsheets by country and by sector provide a more detailed overview and further project examples.
How has the Juncker Plan benefited citizens and businesses?
In addition to financing innovative projects and new technologies, the Juncker Plan has supported other EU objectives, such as climate, social and transport policy. Thanks to the Juncker Plan:
More than 10 million households have access to renewable energy
20 million Europeans are benefitting from improved healthcare services
182 million passengers per year are enjoying better rail and urban infrastructure
For a complete overview of the benefits, see the European Investment Bank's 2018 annual report on its operations inside the EU.
Impact on climate action
The Juncker Plan's European Fund for Strategic Investments supports ground-breaking ideas to protect the planet. Projects financed by the EIB Group under the Juncker Plan are set to trigger €90.7 billion in investment for climate action. These include zero-energy buildings, wind farms, solar energy projects, water-saving showers, eco-friendly buses and LED lighting.
Tailor-made advisory services and online meeting place
Another important goal of the Juncker Plan is to help projects get off the ground. The European Investment Advisory Hub, provides technical assistance and advice for fledgling projects. Since its launch in 2015, the Hub has handled more than 1,400 requests from project promoters in all EU countries, of which more than 400 are benefitting from tailored advisory support. More than 50 of these have already fed into the EIB lending pipeline. One was the upgrade of the street lighting system of Vilnius to make it more energy efficient. The project, which also received a €21.6 million EFSI-backed loan, will help reduce electricity consumption and costs by an estimated 51%, saving around €1 million per year. The energy saving is equivalent to the average energy consumption of almost 3,100 households.
In addition, as of September 2019, 890 projects have been published on the European Investment Project Portal – an online meeting place for project promoters and investors. These cover all major sectors of the EU economy, with total investment proposed amounting to €65 billion. More than 60 projects have received financing since being published on the Portal. The Portal also offers additional services, such as the organisation of matchmaking events.
The Investment Plan for Europe, the Juncker Plan, was launched in November 2014 to reverse the downward trend of low-levels of investment and put Europe on the path to economic recovery. Its three objectives were to remove obstacles to investment; to provide visibility and technical assistance to investment projects; and to make smarter use of financial resources. The European Fund for Strategic Investments is an EU budget guarantee that allows the EIB Group to finance more, and often riskier, projects.
Often, financing goes towards highly innovative projects, or start-ups without a credit history. Projects also pool smaller infrastructure needs by sector and geography. The Juncker Plan allows the EIB Group to finance a greater number of operations with a higher risk-profile than would have been possible without the EU budget guarantee's backing, as well as to reach out to new clients: three out of four receiving Juncker Plan backing are new to the bank.
On 18 April 2019, the European Parliament gave its green light to the successor to the Juncker Plan for the next Multiannual Financial Framework: the InvestEU Programme.
The macroeconomic impact assessment is a joint work between the EIB Economics department and the Commission's Joint Research Centre (JRC). It is based on a well-established, published, and peer-reviewed methodology developed by the JRC. The modelling details are available in the June 2018 impact report.
АРЧР, съвместно с HMA- Greece, LCCI Cyprus, GAUSS Institute- FYROM and CCP- Albania, организират срещи на бизнеса в 4те страни, партньори по проекта
Human Resources Development Agency, together with HMA-Greece, LCCI Cyprus, GAUSS Institute-FYROM and CCP-Albania, organize business missions with B2B meetings
With regard to the DTP Specific Objective 4.1 there will be a Thematic Seminar for the 3rd Call for Proposal on the 15th of January in Bratislava, Slovakia. This transnational seminar aims at supporting the generation of high-quality project applications for the topics covered by S.O.4.1
Бизнес центърът кани фирми и експерти в сектора на агро храните на работна среща на тема „Възможности пред производителите на храни за финансиране, външни пазари и иновации“, която ще се проведе на 31 януари 2019в х-л Рига, гр. Русе.
Η Ελληνική Εταιρία Διοικήσεως Επιχειρήσεων (ΕΕΔΕ) στο πλαίσιο του Έργου “BalkanMed e-BP”, διοργανώνει το 1ο Διακρατικό Επιχειρηματικό Forum με Συναντήσεις B2B διάρκειας 2 ημερών, την Τρίτη 26 και την Τετάρτη 27 Φεβρουαρίου 2019, στο Συνεδριακό Κέντρο της ΕΕΔΕ «Γ. Κοντογεώργης» (Λ. Ιωνίας 200 & Ιακωβάτων 61, 111 44 Αθήνα) και προσκαλεί Έλληνες εκπροσώπους επιχειρήσεων & επιχειρηματίες με σκοπό την δημιουργία νέων συνεργασιών και επιχειρηματικών σχέσεων με εκπροσώπους επιχειρήσεων από τις χώρες που συμμετέχουν στο Έργο (Αλβανία, Βουλγαρία, ΠΓΔΜ και Κύπρος).
Sofia Tech Park John Atanasoff Innovation Forum: 4 Global Experts 10+ Investors 15+ Startups 500 Visitors
„Бизнес форум Балкани и Средиземно Море“ /BalkanMed Business Forum/ в Деня на Европа на 09 и B2B срещи на 10 Май, 2019г., в гр. София, Парк хотел Витоша.
The 3-year stability support programme took a coordinated approach to tackling long-standing and deep-rooted structural issues that contributed to Greece experiencing an economic crisis and losing access to financial markets. In total, Greece's European partners provided €61.9 billion in loans in return for the Greek authorities implementing a comprehensive reform package.
Under the first project, Commission and World Bank experts will help Romanian county capitals develop stronger links with their periphery and use EU funding for projects that benefit the whole urban area, not only the main economic centre. For example, experts will study how to expand urban transport networks or how to cooperate better in the field of public services to make them more accessible.
In particular, Piraeus (Greece), Tampere (Finland) and Turin (Italy) will receive grants for projects that will protect and reduce the vulnerability of public spaces, in line with the 2017 Action Plan under the Security Union. The EU funding will also support innovative solutions in digital transition, in responsible urban land use and in the fight against poverty in 17 other cities.
Commission experts from the Joint Research Centre will provide support and guidance to 13 Bulgarian research and innovation centres to help them bring their innovative ideas to the market, facilitate the transfer and dissemination of knowledge and strengthen both their ties with businesses and their participation in European and international cooperation projects.
20 September 2019 , more than 100 public and private partners covering the whole plastics value chain will sign the declaration of the Circular Plastics Alliance, which promotes voluntary actions for a well-functioning EU market in recycled plastics.
13 September 2019 At the third EU-Western Balkans Media Days taking place from 12-13 September in Podgorica, Montenegro, the European Commission confirmed its support to the region with new initiatives focusing on media accountability, literacy and governance, judicial expertise on freedom of expression and promotion of reconciliation and regional cooperation.
11 September 2019 Following today's exchange with Member States, the Commission will now adopt the measures to introduce greater transparency through improved price reporting along the food supply chain.
Commission today adopted new eco-design measures for products such as refrigerators, washing machines, dishwashers and televisions. Improving the ecodesign of products contributes to implementing the ‘Energy efficiency first' principle of the EU's Energy Union priority.
2 October 2019 in Mauritius, the EU started negotiations with five Eastern and Southern Africa partners (so-called ESA: Comoros, Madagascar, Mauritius, Seychelles and Zimbabwe) to deepen the existing Economic Partnership Agreement.
Brussels, 7 October 2019 / The Commission publishes the 2019 Regional Competitiveness Index and a Eurobarometer on Regional Policy. This will help authorities in the Member States in charge of designing the future Cohesion Policy programmes for the 2021-2027 EU budget period to evaluate public opinion, identify regional assets and better focus investments.
Brussels, 7 October 2019 / the European Union signed an agreement with Montenegro on border management cooperation between Montenegro and the European Border and Coast Guard Agency (Frontex). The agreement was signed on behalf of the EU by Dimitris Avramopoulos, Commissioner for Migration, Home Affairs and Citizenship and, Maria Ohisalo, Minister of the Interior of Finland and President of the Council, and on behalf of Montenegro by Minister of the Interior, Mevludin Nuhodžić.
Brussels, 8 October 2019 / The European Commission released the second edition of its Cultural and Creative Cities Monitor, a tool designed to benchmark and boost the creative and cultural potential of European cities, which is vital to driving economic growth and social cohesion.
With this proposal, the Commission is delivering on the political commitments made in the MedFish4Ever and Sofia Declarations to promote sustainable management of fish stocks in the Mediterranean and the Black Seas. It reflects the Commission's efforts and ambition to ensure social and economic viability for the fishermen operating in the region by restoring and maintaining stocks at sustainable levels
Brussels, 10 October 2019 / The European Commission has found Greek plans aimed at supporting the reduction of non-performing loans of Greek banks to be free of any State aid. The Commission found that, under the asset protection scheme (known by the name of “Hercules”), the Greek State will be remunerated in line with market conditions for the risk it will assume by granting a guarantee on securitised non-performing loans.
Brussels, 11 October 2019 / The Commission has published today a list of 20 regulated quarantine pests qualifying as priority pests, including Xylella fastidiosa, the Japanesebeetle, the Asian long-horned beetle, Citrus greening and Citrus Black Spot, whose economic, environmental and social impact on EU's territory is the most severe. Member States will have to launch information campaigns to the public, do annual surveys, prepare contingency plans, simulation exercises, and action plans for the eradication of these pests.
Despite the difficult global economic climate, European companies have continued to make good use of the opportunities created by the European Union's trade network - the largest in the world. In 2018 this network covered 31% of Europe's trade exchanges, a figure that is set to rise significantly (to almost 40%) as more trade agreements enter into force, according to the European Commission's annual report on the implementation of trade agreements released today. Overall, trade accounts for 35% of the EU's gross domestic product (GDP).
Brussels, 17 October 2019 / The European Vocational Skills Week 2019 taking place in Helsinki comes to an end. This year, 1,407 associated events and activities have been held across Europe so far and have helped the European Vocational Skills Week campaign to reach 2.5 million people, which is the highest number ever since the first edition in 2016.
The Investment Plan for Europe, the Juncker Plan, has played a key role in boosting jobs and growth in the EU. Investments by the European Investment Bank (EIB) Group backed by the Juncker Plan's European Fund for Strategic Investments (EFSI) have increased EU gross domestic product (GDP) by 0.9% and added 1.1 million jobs compared to the baseline scenario. By 2022, the Juncker Plan will have increased EU GDP by 1.8% and added 1.7 million jobs. These are the latest calculations by the Joint Research Centre (JRC) and the Economics Department of the EIB Group, based on financing agreements approved until the end of June 2019.
The European Union will announce 22 new commitments at the 2019 edition of Our Ocean conference, which will take place in Oslo, Norway on 23-24 October 2019, for better governance of the oceans. In addition, the EU is also launching ‘The Ocean Tracker', an interactive map to follow the over 10 billion euros commitments already made by governments, businesses and NGOs.
Brussels, 22 October 2019 The European Commission adopted today its latest report on steps taken by Bulgaria to meet its commitments on judicial reform, the fight against corruption and tackling organised crime, in the context of the Cooperation and Verification Mechanism (CVM).
Brussels, 22 October 2019 The European Commission has exceeded the target set by President Jean-Claude Juncker in 2014 committing that, by the end of his mandate, 40% of the Commission's middle and senior managers should be women. According to the latest data, female managers at all levels currently stand at 41%, up from 30% at the beginning of the mandate. This is an increase of 37%. The figure is even higher at the level of the most numerous managers in the Commission, the middle managers or Heads of Unit. At present, 42% of them are women, up from 31% when the Juncker Commission took office. These achievements place the Commission amongst the public administrations around the world with the highest share of women in leadership positions.
Strasbourg, 22 October 2019 The Commission is today reporting on Croatia's progress in meeting the necessary conditions to join the Schengen area. The European Commission considers that, based on the results of the Schengen evaluation process initiated in 2016, Croatia has taken the measures needed to ensure that the necessary conditions for the full application of the Schengen rules and standards are met. Croatia will need to continue working on the implementation of all ongoing actions, in particular its management of the external borders, to ensure that these conditions continue to be met. The Commission also today confirms that Croatia continues to fulfil the commitments, linked to the Schengen rules, that it undertook in the accession negotiations.
The fairgrounds is the largest in Southeast Europe with a total area of 352 000 square meters. It combines a comfortable base, up-to-date infrastructure and services that meet the highest standards in the exhibition industry and create a comfortable environment for the exhibitors. The fairgrounds offers excellent conditions for presentation of the companies and their products attractive locations for expositions of all kinds of goods demo zones for machinery in action advertising spots for effective messages full service for exhibitors and visitors organizing events with a different profile
Bulgarian Association of Traders of Agromachinery – BATA AGRO is a professional organization that brings together companies, authorized by the manufacturer to import and distributе self-propelled and attached agrotechnics in the territory of Bulgaria.