Juncker Plan backs EUR 150 million loan agreement to upgrade broadband networks in Greece

The Investment Plan for Europe, the so-called “Juncker Plan”, has backed a EUR 150 million EIB loan agreement with Cosmote, a Greek telecommunications operator, to upgrade its mobile broadband network. This agreement was made possible by the support of the European Fund for Strategic Investments (EFSI).

The EUR 150 million loan agreement will help to finance Cosmote’s plans to enhance and expand its mobile broadband network, significantly increasing the network’s performance in terms of speed, capacity and coverage. It will, in particular, improve the networks performances in more rural and remote areas of the country.

Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: “This agreement demonstrates yet again the valuable role the Juncker Plan can play in mobilising investment to support and expand growth-enabling infrastructure in Greece. The agreement also serves as testament to the Commission’s broader strategic objective of seeking to fully exploit the opportunities offered by digital technologies to promote innovation, productivity and growth. The Commission remains committed to supporting investment that will act to secure Greece’s economic recovery.”

The Juncker Plan is working to boost investment, support jobs and spur growth in Greece and across Europe. As of June 2017, operations approved in Greece under the EFSI represent a financing volume of over EUR 1.1 billion and are expected to mobilise over EUR 3.3 billion in investments.

This project contributes to meeting Europeans’ growing connectivity needs, promoting access to high quality networks and boosting Europe’s competitiveness, as foreseen in the Digital Single Market strategy. Some 10% of EFSI investments are in the digital sector.

Background

The Investment Plan for Europe, the so-called “Juncker Plan”, consists of three pillars:

  • First, the European Fund for Strategic Investments which provides an EU guarantee to mobilise private investment.
  • Second, the European Investment Advisory Hub and the European Investment Project Portal which provide technical assistance and greater visibility of investment opportunities, thereby helping proposed investment projects become a reality.
  • Third, removing regulatory barriers to investment both nationally and at EU level.

Under the first pillar, the operations approved under the Juncker Plan now represent a total financing volume of EUR 39 billion. They are located in all 28 Member States and are expected to trigger total investment of around EUR 209 billion (state of play as of 20 June 2017).

Given its success so far, President Jean-Claude Juncker announced a proposal to extend and reinforce the EFSI in his State of the Union address in September 2016. The Commission is working closely with the Parliament and Member States towards the final adoption of the EFSI 2.0 proposal with the aim of securing agreement as quickly as possible for the benefit of public and private promoters driving investment projects in Europe.

For More Information

  • The EFSI’s results so far including a break-down of operations by country are available here.

Juncker-Plan besichert durch eine Garantie den Vertrag über ein Darlehen von 150 Mio. EUR zum Ausbau der Breitbandnetze in Griechenland

08/07/2017 – Enlargement, external relations and trade / Institutional affairs / Security and defence

G20 leaders met in Hamburg, Germany, on 7-8 July. European Council President Donald Tusk and European Commission President Jean-Claude Juncker represented the EU at the summit. The theme of this year’s summit was ‘shaping an interconnected world’. 

2017 Western Balkans Summit – stepping up regional cooperation to advance on the European Union path

The 2017 Western Balkans Summit will take place on 12 July in Trieste, Italy. The Summit will serve as an important occasion to work together on strengthening concrete opportunities while fostering regional cooperation with the aim of developing inclusive societies, good governance and vibrant economies, hence also further advancing the European Union integration perspective of the region.

Federica Mogherini, High Representative of the Union for Foreign Affairs and Security Policy/Vice-President of the Commission, Johannes Hahn Commissioner for European Neighbourhood Policy and Enlargement Negotiations, and Violeta Bulc,Commissioner for Transport, will participate together with Heads of Government, Foreign Ministers, Ministers of Economy and Ministers of Transport of the Western Balkans and their counterparts from 6 EU Member States (Austria, Croatia, France, Germany, Italy, and Slovenia).

Discussions will focus on three key areas of regional cooperation: 1) Connectivity, 2) Regional economic integration/private sector development and 3) People-to-people contacts.

  • In the area of connectivity, focus will be on the implementation of the Connectivity Agenda, which aims at creating conditions for economic growth and good neighbourly relations, in particular through the preparation and financing of concrete regional infrastructure investment projects in the transport and energy sectors. During the Summit, the European Commission will announce substantial new funding as part of its annual ‘connectivity package’. Moreover, the Western Balkans partners are expected to sign the Transport Community Treaty, which will help integrate the transport networks in the region and with the EU and guide related reform measures in the transport sector.
  • On regional economic integration, the Western Balkan partners are expected to agree on an action plan to develop a Regional Economic Area aimed at boosting the attractiveness of the region to encourage investment and generate jobs, especially through smart growth, start-ups and scale-ups. For the first time within the Berlin process, a digital dimension is part of the action plan: this will contribute to integrating the region into the pan-European digital market. The Chamber Investment Forum of the Western Balkans, which gathers chambers of commerce of the region, will inaugurate its Permanent Secretariat in Trieste at the margin of the Summit: the involvement of the business community will contribute to translating the Regional Economic Area into concrete opportunities for companies in the region. On private sector development, the Commission will step up its substantial existing support to SMEs through a new contribution to the Western Balkans Enterprise Development and Innovation Facility, as well as pushing for more dynamic inward investment.
  • Regarding people-to-people contacts, the European Commission together with the Italian Government is organising an EU-Western Balkans Youth forum in the margins of the Summit to take stock of the results achieved since last year and explore further areas of cooperation. The conclusions of the youth forum will be presented at the Summit. The forum and the Summit will also serve to promote participation in the Erasmus exchange programme, which is celebrating its 30th anniversary this year and has been successfully extended to the Western Balkans. Based on the outcomes of the youth forum, the Regional Youth Cooperation Office (RYCO) will further develop its work programme to foster cooperation among young people of the region. During the Summit, political leaders are further expected to reconfirm their commitment to an exchange scheme for young civil servants from the region, which was launched at last year’s Western Balkans Summit in Paris and has shown very positive results. Italy is hosting the fourth annual Summit in the framework of the “Berlin Process”, an initiative for regional cooperation in the Western Balkans, which follows the Summits in Berlin (2014), Vienna (2015) and Paris (2016).

For more information:

Factsheet: EU Engagement in the Western Balkans

2017 Trieste Summit on the Western Balkans

EU-Western Balkans Youth forum

Civil Society Forum Trieste 2017

Western Balkans – European External Action Service

Directorate General: European Neighbourhood Policy and Enlargement Negotiations

Directorate General – Mobility and Transport

2016 EU budget reports: generating added value out of every euro spent

The European Commission today published three reports on the implementation of the 2016 EU budget. They show that the EU budget in 2016 has helped achieve the political priorities of the European Union, has created added value for the EU citizens and was spent in line with EU rules.

Another conclusion from those reports is that simplifying EU rules is key to making it easier for local authorities, farmers or businesses to use EU funds effectively and correctly. This ties in with the recommendations of the High Level Group on simplification, also presented today, which are feeding into the broader reflection on the future of EU finances launched by Commissioner Günther H. Oettinger in June.

Günther H. Oettinger, in charge of budget and human resources, said: “As the data demonstrate, the EU budget delivers concrete results, be it boosting research and innovation, supporting farmers, helping Europeans find jobs, supporting investment, fighting against climate change or providing humanitarian assistance across the world.. This is real added value that only our common EU budget can bring”.

Below are some key achievements of the EU budget in 2016:

–   The Nobel Prize in Chemistry was awarded to three scientists who have benefitted from EU funding. This made a total of 17 Nobel prize laureates, four Fields medal winners and countless discoveries with global impact linked to the EU’s investment into research and innovation.

–   About seven million farmers were supported with direct payments in 2016, €150 million was made available to compensate for the milk crises.

–   More than 140 000 Small and Medium Enterprises in 21 countries received a total of €5.5 billion of loans from the COSME programme.

–   21% of the 2016 budget was devoted to fighting climate change.

–   Over 120 million vulnerable people in more than 80 countries, including those most affected by the Syria crisis, received humanitarian aid worth over €2 billion.

–   Hundreds of thousands lives saved in the Central Mediterranean alone with the joint efforts of EU Member States and the newly established European Border and Coast Guard Agency.

Background

The three reports mark the beginning of the annual procedure by which the European Parliament assesses the way the Commission has implemented the EU budget in 2016. At the end of that procedure the Parliament decides whether to sign off the EU’s accounts or not. In addition to today’s reports, the Parliament will take into account the European Court of Auditors’ annual report which is expected in September 2017. The Commission has received the Parliament’s approval every year since 1997, and the European Court of Auditors has found that the EU accounts to be fully reliable every year since 2007.

For More Information:

–   Integrated financial reporting package – 2016 brochure

–   Annual Management and Performance Report for the EU budget 2016

–   EU Accounts 2016

–   Commission Report on the follow-up to the discharge for the 2015 financial year

–   Reflection paper on the Future of EU finances

–   Follow Commissioner Oettinger on Twitter

Speech: Family Planning Summit

Good morning ladies and gentlemen and friends. I’m really delighted to be here today and also to welcome you all. I know it’s a bit of a late welcome this morning. Because we have been taking the message externally.

You heard from Melinda earlier on, she and I were doing some media this morning and really talking about the virtues of what we are doing and, of course, making the case.

So I am just thrilled that you are all here – you heard me say a bit of this last night.

But also I really want to give my thanks to Melinda, Natalia but all of you – all of you who’ve been such powerful and passionate advocates of this very, very essential issue.

We are here because of the nature of the issue and the nature of the challenges that family planning brings to all countries around the world. But, also, because of the ability that it brings to save lives and change lives and, of course, because it’s so fundamental to development.

Family planning enables women to take control of their futures, so that they can finish their educations. get better jobs, but also to plan for their families – rather than being trapped in that cycle of grinding poverty and deprivation.

Which we have to keep on saying. And I was quite struck this morning when undertaking some media interviews just the fact that we have to state that, re-state that again and again. Because we all take it for granted. In the west we all take this for granted.

So we have to be out there and really drive the case and be the advocates for this.

But we also know that these women have fewer children, and later. And these children, of course, then grow up to be healthier, they have better outcomes in terms of their own life chances and opportunities.

And that’s exactly what we need to keep on speaking about.

And, of course, that has much more, in terms of positive outcomes, for local economies, countries to grow, the prosperity agenda.

It’s exactly what we saw in Asia. The World Bank attributes one-third of economic growth in South Korea over a 40 year period to the demographic dividend, where family planning programmes have of course enabled the fertility rate to fall, alongside education programmes, awareness programmes but of course comprehensive economic plans and policies as well.

And, frankly, we know that family planning, from a development perspective, is one of the smartest and savviest tools that we have out there. And it’s a clear investment any country can make when it comes to poverty reduction.

Every pound spent on family planning can save governments over four pounds which can be spent on other public goods – on health, housing, sanitation and other public services.

So, today, we are saying that family planning is not a nice-to-do, it isn’t an add-on if you are a politician, a minister anywhere around the world – it is crucially essential. Because we cannot beat poverty, we cannot tackle the scourge of poverty unless we get on top of this issue.

And for the 214 million girls and women in the developing world right now who don’t want to get pregnant and aren’t using modern contraception – we need to give them hope, we need to give them the ability to change this, we need to give them the ability to change their circumstance and their outcomes.

And of course that’s the purpose of why we are here, the urgency as to why we need to move fast.

And right now 1.2 billion adolescents are at the start of their reproductive years –most of them don’t know about or aren’t even allowed to get access to contraception.

And every year there are 6 million unintended pregnancies amongst adolescent girls in developing countries – and 2.5 million, as we know, tragically and completely unnecessarily as well, end up in backstreet abortions. So, together, pregnancy, childbirth, HIV are the leading killers of adolescent girls in Africa.

And we can change that, we can absolutely be at the front of the queue in changing that.

And the story of a typical girl in a poor community is that she has her first, often coerced, sexual experience at a very young age, very early teens, and of course that means her first child is going to arrive at a very early age as well. And that leads to that cycle of dropping out of school. And then of course it’s that cycle, that vicious cycle, where she then goes on to have more and more children – on average around 6 children in her lifetime.

And, of course, if that young girl’s story doesn’t change, neither will that story about her own country…the prospects of her own community and her country.

And it’s simple, if we can give girls and women the chance to own their bodies, they can own their future.

And that’s why the United Kingdom feels so strongly about this. On working with many friends that I can see here, on working across the political but also public policy landscape as well.

We know that we want to make this a stronger and firmer pillar when it comes to family planning and that comprehensive approach to sexual and reproductive health and rights for women and girls.

We absolutely put this on the agenda five years ago, alongside both Bill and Melinda Gates, by hosting the inaugural Family Planning Summit here in London.

And the progress that has been made has been immense, supported by the FP2020 partnership work.

And, of course, within the UK as well, much of the work that we have focused on has been on helping nearly another 8.5 million additional women to take up modern contraception.

So we are steadfast, absolutely steadfast, in our support, unwavering in our determination. And I think that’s how we all must be as well – not just as the advocates but absolutely calling others out that need to do more in this space as well.

So it gives me tremendous pleasure to say today that the British Government will boost our support for family planning around the world by 25%.

So we are going to increase our funding as well.

And that 25% increase is an additional £45million a year. We are also extending the timeframe of our support by an additional two years – committing ourselves right up to 2022.

Which means we’re going to spend £225million on family planning every single year over the next five years…cementing our place as the leading European donor to family planning.

We’ve got to walk the talk – and that’s what this is absolutely about. Be the advocate and also call upon others to do more as well.

But the fantastic thing about this support, we can talk about money but then we have to speak about people and what this means –

We will be providing through that money contraceptive support for 20 million women and girls every year…and prevent 6 million unintended pregnancies…but also prevent the trauma of over 75,000 still births.

So that is a very comprehensive package of measures.

And what I would like today is for some of us just to hold some of those numbers, not just about the money, but the people who are associated…the 20 million women and girls, the 75,000 mothers that are involved in still births and the psychological traumas, the physical and health traumas as well.

Because behind every one of those numbers is a story. And they are the women and girls that we are here to speak up for today.

And of course this new support and the initiative, and the working together today, the partnership work in particular…is helping to bring together and knit together all of us – civil society organisations, our NGO partners, but also private sector and businesses, to tackle and unblock those supply chain issues and to reach women and girls in those rural communities through new technologies.

And actually this is the exciting aspect of what we are doing. Yes we are providing a lifeline, yes we are helping so many more women and girls, but technology is a front-runner here as well.

And we are absolutely at the front in terms of pioneering much of the research and development that’s taking place.

And of course our partners here are rolling out the new injectable contraceptive, Sayana Press, at the newly agreed reduced price; and this is the first time in more than a decade that a new contraceptive method is being introduced – but importantly being globally scaled up. We are here really as the pioneers in new technology and new methods as well.

And at the same time, supporting safe abortion and working to prevent the horrors of backstreet abortions that kill so many women and girls.

Now this can never be done in isolation. And of course we have to link this and knit this together with the wider investment when it comes to education for girls, maternal health, women’s economic empowerment, preventing HIV/AIDS, ending violence against women and girls including FGM and child marriage.

And we are the community in this room. Many of us have already been the champions and the advocates on this. And that gives us a great sense of pride and a great sense of purpose.

And we demonstrate once again that our call to action means that we can carry on with the global commitment on family planning, the global commitment that we all have for women and girls.

And we know that we can do more within the international community, as well, to bring others to the table.

In developing countries – and I know that I interrupted the country programme session – that’s exactly where the change is going to start to happen.

So we know we can’t sugar-coat some of the challenges that we are all here to address and deal with.

We know that we can work with all our partners at a macro-level in the international community – but also within countries as well.

Because we know that it’s not just about the money, it’s about the ways of working, we know that it’s about the technology. But, importantly, focusing on the efforts where we are falling short and looking through today in particular how we can pick up those challenges and step up to meet those challenges,

Work with other donors obviously – because I know many others are going to make great contributions,

But I think, importantly, being the change that we want to see and being the powerful voice in this space is effectively what this is about.

So thank you very much, have a fantastic day, I look forward to talking to so many of you throughout the day as well.

And I really just want to give a genuine and heartfelt thank you to everyone, not just for being here – but for being at the forefront of the change that we want to work together to achieve. Thank you.