Press release – European Parliament visitor facilities to reopen on 15 June

In Brussels, visits to the Parlamentarium and the House of European History will now be possible, respecting all distancing and hygiene measures. On Place Luxembourg, Station Europe will welcome visitors again.  The House of European History will have a new display with objects documenting citizens’ lives during the COVID-19 lockdown.

Visits to all facilities are free of charge and possible in 24 languages. For opening times and security measures, please check below.

Parlamentarium

In the Parlamentarium, the European Parliament’s visitor’s centre, multimedia guides lead visitors to the heart of the European Parliament, explaining the path towards European cooperation, how the European Parliament works and what its Members are doing to meet current challenges. It can be experienced in any of the European Union’s 24 official languages. Visits are self-directed, with the visit taking up to 60 minutes. Visitors are kindly asked to pre-book a slot for their visit. Due to the hygiene measures in place, some sections will be temporarily closed. The temporary exhibition “Behind the Berlin Wall – State Security in the GDR Dictatorship”, inaugurated last November to mark the 30th anniversary of the fall of the Berlin Wall, will be open.

More information about distancing and hygiene measures here

House of European History

At the House of European History, visitors can explore the permanent exhibition, which includes a look at the history of the nineteenth and twentieth centuries and how European integration developed. They will discover the origins and evolution of Europe, encountering both the continent’s diversity and the many historical interpretations of its story. The museum’s trans-European viewpoint delves into historical memories, diverse experiences and common ground shared by the peoples of Europe, exploring how these relate to the present day.

As of 15 June, a new display of objects from Belgium and across Europe will be presented in the Fables Room of the museum, entitled “Documenting Covid”, revealing a snapshot of citizens’ lives during the recent COVID-19 lockdown. The curated selection shows the deep social, economic and cultural impact of the pandemic, as well as exploring common themes of solidarity, hope and resilience experienced in adversity.

Visits are allowed for individual visitors or small groups from the same household. Booking in advance is mandatory.

In addition to the Parlamentarium and the House of European History, other visitors facilities have also reopened, including Station Europe on Place Luxembourg in Brussels, where visitors can get information on the Parliament and the visitors offer. For an overview and the measures in place, please check here

More information about distancing and hygiene measures here.

Virtual tours and other online activities are available as well.




Annex to Opinion on MiFIR Transparency

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FRA further enhances its cooperation with civil society

Changes focus on strengthening the information exchange and interaction between FRA and civil society organisations on fundamental rights issues.

This includes using a variety of new tools, such as webinars, online meetings and regular consultations, and an annual civic space consultation. With these changes, the Agency aims to engage with the large variety of Platform organisations in a more tailored and theme-based approach.

More details on the new forms of cooperation with Platform organisations as well as information on how to register on the database can be found in the updated Terms of Reference. Interested civil society organisations can register on the Fundamental Rights Platform database anytime.




New EIB report: Banks in Central, Eastern and Southeastern Europe revise outlook for the coming months sharply

>@EIB
©EIB

According to the new survey, the banking sector in Central, Eastern and Southeastern Europe is likely to face one of its worst years since the global financial crisis in 2007-2008 due to the coronavirus pandemic. From a banking sector perspective, the region entered the crisis on a strong footing, with easing credit standards and robust demand for loans in the past six months. According to the new EIB survey, however, banking groups in the region are expecting the overall demand for financing to contract sharply, credit standards to tighten significantly and loan approval rates to decline. With decreasing loan application quality, non-performing loans are expected to increase for the first time since 2015.

Read the full report

“The coronavirus pandemic is an unprecedented crisis. But coordinated action and support at a European level has and will be unprecedented as well,” said EIB Vice-President Lilyana Pavlova. “In light of the grim expectations by the banking sector in the region and an increased likelihood of declining financing opportunities, we are particularly glad to have approved the pan-European Guarantee Fund. It is a timely and targeted response to alleviate the hardship endured, especially by entrepreneurs and smaller companies. We will work closely with national institutions to make sure that businesses in need can quickly access the support provided by the EIB.”

“The COVID-19 shock has changed the expectations of banking groups in the CESEE region significantly. Higher uncertainty will persist over the coming months. For the banking sector to return to pre-crisis activity levels and to ensure financing for smaller companies and corporates, providing support through instruments like the European Guarantee Fund and others will be essential. They can support a faster and forceful rebound,” said EIB Chief Economist Debora Revoltella.

The CESEE Bank Lending Survey is part of regular reporting from the EIB, IMF, EBRD and World Bank for the European bank coordination “Vienna Initiative”, a framework for safeguarding the financial stability of emerging Europe. The survey for the new edition of the report was conducted as the COVID-19 pandemic unfolded. Previous editions are accessible here.

Demand for loans

Banking groups operating in the CESEE region reported a continued increase in demand for loans in the last six months. However, demand in the coming months is expected to drop sharply. Before the pandemic, banking groups were expecting a further increase. The contraction in demand is expected to come from households rather than from corporates or SMEs. This suggests a sustained need for finance from the latter two, to meet liquidity and short-term needs.

Supply conditions for financing

In the months before the pandemic, banks in the CESEE region were mildly easing credit standards. Expectations are now that standards will sharply tighten across the client spectrum. Many factors that positively supported an easing of standards are expected to turn negative. In addition to the local and international economic environment, non-performing loans, the quality of loan applications and local capital conditions are expected to exert significant negative pressure.

Non-performing loans

Credit quality has continued to improve over the last six months. The positive trend is expected to invert dramatically. The vast majority of banks (64%) in the region anticipate that the number of non-performing loans will increase.

Background information

About the Economics Department of the EIB

The EIB Economics Department provides economic research and studies, as well as unique analysis of investment activities in the EU and beyond, and supports the Bank in its operations and in the definition of its positioning, strategy and policy. Chief Economist Debora Revoltella heads the Department, a team of 40 economists.

About the EIB CESEE Bank Lending Survey

The EIB CESEE Bank Lending Survey is a unique, bi-annual survey of some 90 local banks, banking groups and financial institutions in Central, Eastern and Southeastern Europe. It collects information on credit standards, credit terms and conditions, approval rates as well as on the various factors that may be responsible for their changes, including domestic and international elements. Demand for loans is also investigated in terms of loan applications as well as their quality. The survey also includes specific questions on credit quality and the funding conditions for banks. It is designed to build a panel of observations to support time series analysis, observations that can provide an almost real time assessment of the health of the banking sector in the CESEE region. The CESEE Bank Lending Survey was developed and is managed by the Economics Department of the EIB, and is part of a series of reports by the EBRD, IMF and World Bank for the Vienna Initiative.

For more information




Update of the list of Internationally Active Insurance Groups in the EU

The List of Internationally Active Insurance Groups (IAIGs) headquartered in the EU has been updated with the following insurance groups:

  • AXA
  • BNP Paribas Cardif
  • CNP Assurances
  • COVEA
  • Crédit Agricole Assurances
  • GROUPAMA
  • SCOR
  • SOGECAP

For the up to date list of IAIGs please check the List of Internationally Active Insurance Groups (IAIGs) headquartered in the EU.
The list is for informational purposes and should be used only in conjunction with ComFrame.