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The OPEC Fund for International Development has pledged $30 million to support the Gulf of Suez Wind Farm in Egypt, which will be Africa’s largest onshore wind energy project to...
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January 20
2025
EU announces new humanitarian aid budget for 2025
The EU has announced its humanitarian budget for 2025, revealing an amount of €1.9 billion, which has been based on the estimation that more than 300 million people will need...
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January 14
2025
New Funding Package for Ukraine
The European Commission has announced €148 million in new funding for Ukraine. The package will be used to provide life-saving support and essential aid to the most vulnerable...
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December 31
2024
European Council Summit: Main Results
On December 19, EU leaders met to discuss Ukraine, the Middle East, the EU in the world, resilience and preparedness, migration and foreign policy issues. This article outlines...
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December 20
2024
Commission and European Investment Bank disburse €2.7 billion for clean energy projects in eight Member States
The European Commission, following an assessment by the European Investment Bank (EIB) under the Modernisation Fund, has allocated €2.7 billion to support 39 clean energy...
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December 18
2024
World Bank Group announces record $100 billion replenishment of the International Development Association
The World Bank Group has announced a record $100 billion replenishment for the International Development Association 21 (IDA21), representing the largest financing package in...
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December 17
2024
EU launches new humanitarian aid for Syria
The European Commission is launching a new Humanitarian Air Bridge operation for those most in need in Syria, to deliver emergency healthcare and other essential supplies, as...
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December 13
2024
Romania and Bulgaria granted full Schengen membership
Romania and Bulgaria will become full-time members of the Schengen Area as of 1 January 2025, completing a process that dates back to 2011, when the European Commission declared...
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December 12
2024
€3 billion of EIB Group financing for farmers and the bio-economy
European Investment Bank (EIB) Group President Nadia Calviño has announced a €3 billion financing package for agriculture, forestry and fisheries across Europe along with...
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December 06
2024
European Union provides funding to UNHCR to help Ukrainians get through the harsh winter
The European Union has provided an additional €26.4 million to support the winter response being rolled out by UNHCR, the UN Refugee Agency, across Ukraine. This comes on top of...
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December 05
2024
European Commission sets aside €4.6 billion to boost net-zero technologies under the Innovation Fund
In the first week of its mandate, the new European Commission is stepping up its efforts to boost net-zero technologies that are key to ensure the competitiveness of European...
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December 02
2024
European Commission freezes funding for Bulgaria
Bulgaria will not receive the second €653 million disbursement from the EU’s Recovery and Resilience Facility due to delays in implementing key reforms. This decision, announced...
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