EFSI

Russia’s invasion of Ukraine and its economic fallout come just as firms in central Eastern Europe and Central Asia were recovering from the COVID-19 shock. A new report, published today by the EIB, EBRD and IMF, Business resilience in the pandemic and beyond, examines how firms in the region weathered the sharp downturn caused by the pandemic and how prepared they are to face future challenges. It also looks at whether gaps in access to finance are likely to impair their short-term resilience and long-term prospects.

The EU Agency for the Space Programme (EUSPA) and the European Investment Bank (EIB) have published the GNSS Investment Report today. The report provides a comprehensive investment analysis of the global navigation satellite systems (GNSS) market, examining and forecasting the dynamics of the sector overall. It also outlines the current state of play regarding available public and private funding and identifies needs and funding gaps for GNSS companies and startups in the European Union.

Today, the Board of Directors of the European Investment Bank (EIB) approved the “Strategic European Security Initiative” (SESI). The new EIB initiative aims to mobilise investment in support of Europe’s dual-use security and defence systems by backing Europe’s technology industry and civilian security infrastructure. Depending on demand, SESI will make available financing of up to € 6 billion for eligible projects.