Investment in Ireland and the EU
|
|
- Buddy Hodges
- 6 years ago
- Views:
Transcription
1 Investment in and the EU Debora Revoltella Director Economics Department Dublin April 10, /04/2017 1
2 Real investment: IE v EU country groupings Real investment (2008 = 100) IE Core Cohesion Periphery Source: EIB, based on Eurostat National Accounts 20/04/2017 European Investment Bank Group 2
3 Real investment: Sector-level IE Real GFCF by institutional sector (4Q 2008 = 100) EU Q05 3Q06 1Q08 3Q09 1Q11 3Q12 1Q14 3Q Q05 3Q06 1Q08 3Q09 1Q11 3Q12 1Q14 3Q Financial corporations Government HH NFC Total Financial corporations Government HH NFC Total Note: Includes 2016 revisions Source: EIB, based on Eurostat Sectoral Accounts 20/04/2017 European Investment Bank Group 3
4 Real investment by asset IE Real GFCF by asset class (1Q 2008 = 100) EU Q05 1Q06 1Q07 1Q08 1Q09 1Q10 1Q11 1Q12 1Q13 1Q14 1Q15 1Q IPP Other structures Other Dwellings Machinery & Equipment Total IPP Other structures Other Dwellings Machinery & Equipment Total Source: EIB, based on National Accounts and Eurostat 20/04/2017 European Investment Bank Group 4
5 Infrastructure investment Infrastructure investment in per cent of GDP % of GDP % of GDP Government Corporate PPP Non-PPP Proejct Utilities Transport Communication Education Health Source: EIB, based on Eurostat National Accounts 20/04/2017 European Investment Bank Group 5
6 EIB Investment Survey (EIBIS) Annual survey commenced 2Q 2016 Some 12,500 firms surveyed across EU28 (of which 400 in ) NFCs with 5+ employees operating in manufacturing, services, construction & infrastructure Qualitative and quantitative information on: firm characteristics and performance Investment needs and constraints past investment activities and future focus sources of finance Representative of the economy (firms weighted by value-added) 20/04/2017 European Investment Bank Group 6
7 The share of Irish firms investing is already high and, on balance, these expect to mildly expand investment Investment cycle Low investment expanding High investment expanding Construction CY ES Services HR HU CZ Medium/Large IT GR UK FR AT SI SK EU DE BE SE LU FI PT PL RO BG NL IE Manufacturing MT DK EE LV Micro/Small Infrastructure LT Low investment contracting High investment contracting This graphs plots the average share of firms that invested in the previous financial year (x-axis) against the net difference between those intending to expand and those expecting to contract investment in coming year. 20/04/2017 European Investment Bank Group 7
8 Share of Irish firms investment into intangibles highest in the EU, with machinery further crowded out by property 12% 1 8% 6% 4% Investment into intangibles 10 8 Investment areas Organisation/ business processes Training of employees Software, data, IT, website R&D 2% EL ES IT SK DE HU PT AT CZ EU18 SI DK UK NL US FI FR BE IE SE Source: INTAN invest EU Manufacturing Construction Services Infrastructure Micro/Small Medium/Large Machinery and equipment Land, business buildings and infrastructure **The blue bars indicate the proportion of firms who have invested in the last financial year. A firm is considered to have invested if it spent at least EUR 500 per employee on investment activities. Investment intensity is the median investment per employee of investing firms. Q. In the last financial year, how much did your business invest in each of the following with the intention of maintaining or increasing your company s future earnings? 20/04/2017 European Investment Bank Group 8
9 Share of firms operating at or above capacity Share of firms at or above full capacity % % Luxembourg Malta Austria Estonia Romania Denmark Portugal Poland Germany Netherlands UK Cyprus Hungary Czech Rep Bulgaria Croatia Slovakia Belgium Italy Slovenia Sweden Spain Finland Greece Latvia France Lithuania Manufacturing Construction Services Infrastructure Micro/Small Medium/Large At or above capacity EU average Full capacity is the maximum capacity attainable under normal conditions e.g., company s general practices regarding the utilization of machines and equipment, overtime, work shifts, holidays etc. Q. In the last financial year, was your company operating above or at maximum capacity attainable under normal circumstances? 9
10 Perceived investment gap Quality of capital stock State-of-the-art machinery & equipment Perceived investment gap by country 10 8 % Germany Austria Hungary Malta Slovenia Italy Spain Netherlands Luxembourg Estonia Latvia Belgium Denmark Croatia Slovakia Portugal Finland Czech Rep Romania Sweden France Lithuania UK Poland Bulgaria Base: All firms Q. What proportion, if any, of your machinery and equipment, including ICT, would you say is state-of-the-art? Data not shown for Greece and Cyprus, as the Greek translation may have influenced interpretation of the question. This will be addressed in the next round of interviews. Energy efficient building stock Cyprus Lithuania Slovenia Greece Croatia Latvia Hungary Denmark Romania Estonia Poland Slovakia Bulgaria Spain Czech Rep Germany UK Portugal France Malta Sweden Luxembourg Netherlands Finland Belgium Italy Austria Too much About the right amount Too little Don t know Q. Looking back at your investment over the last 3 years, was it too much, too little, or about the right amount to ensure the success of your business going forward? % Malta Spain Austria Germany Italy Slovakia Hungary Croatia Netherlands Slovenia Bulgaria Denmark Belgium Latvia UK Romania Estonia Luxembourg Sweden Portugal Czech Rep France Finland Poland Lithuania Base: All firms Q. What proportion, if any, of your commercial building stock satisfies high or highest energy efficiency standards? Data not shown for Greece and Cyprus, as the Greek translation may have influenced interpretation of the question. This will be addressed in the next round of interviews. 20/04/2017 European Investment Bank Group 10
11 Investment focus over coming three years Future investment priorities by country Irish firms future investment priorities by sector Croatia Romania Denmark Slovakia Netherlands Cyprus Czech Rep Poland UK Germany Austria Latvia Greece Lithuania Sweden Bulgaria Spain Hungary Estonia Luxembourg Italy Slovenia Belgium Malta Finland Portugal France EU Manufacturing Construction Services Infrastructure Micro/Small Medium/Large Capacity expansion Replacement New products/services No investment planned Q. Looking ahead to the next 3 years, which of the following is your investment priority (a) replacing existing buildings, machinery, equipment, IT (b) expanding capacity for existing products/services (c) developing or introducing new products, processes, services? 11
12 Technology: Investment to modernise stock Investment in new products, processes or services that are new to the company, new to the country or new to the global market? 10 8 CZ DK FI IT SK ES UK HR PL IE SE CY BE HU NL PT DE FR MT LU LV LT RO BG EL SI AT EE Did not invest in new products New to the company New to the country New to the global market Base: All firms that invested in the last financial year (excluding don t know/refused responses) Q. Were the new products, process or services (a) new to the company; (b) new to the country; (c) new to the global market? 20/04/2017 European Investment Bank Group 12
13 Long-term barriers to investment: uncertainty & skilled labour Long-term barriers to investment Long-term barriers by investment sufficiency Uncertainty about the future Uncertainty about the future Availability of finance Availability of external finance Adequate transport infrastructure Adequate transport infrastructure Business regulations Business regulations Labour market regulations Access to digital infrastructure Energy costs Availability of staff with right skills Demand for products or services 8 10 Labour market regulations Access to digital infrastructure Energy costs Availability of staff with right skills Demand for products or services 8 10 A major obstacle A minor obstacle Firms that invested sufficiently Firms that invested too little Q. Thinking about your investment activities in, to what extent is each of the following an obstacle? Is a major obstacle, a minor obstacle or not an obstacle at all? 20/04/2017 European Investment Bank Group 13
14 Very high reliance on internal finance Type of financing used for investment Bank loan 8 8 Other bank finance Bonds Equity Leasing Factoring Loans from family/friends EU Manufacturing Construction Services Infrastructure External Internal Intra-group Q. Approximately what proportion of your investment in the last financial year was financed by each of the following? Micro/Small Medium/Large EU Manufacturing Construction Services Infrastructure SME Large Grants Other Q. Approximately what proportion of your external finance does each of the following represent? 20/04/2017 European Investment Bank Group 14
15 Access to finance: a story of two worlds Share of investing firms that are happy to rely excl. on internal funds 3 25% 15% 1 high availability of internal sources; low external barriers LU SE Internally financed vs. financially constrained CZ FI EE FR DK BE AT DE PL UK ES SK NL IT LV SL High availability of internal sources; high external barriers 5% little availability of little availability of internal sources; low internal sources; high external barriers external barriers 2% 4% 6% 8% 1 12% 14% 16% 18% Share of investing firms that are external finance constrained RO LT IE MT CY BG HR HU EL PT Base: All firms Finance constrained firms include: those that invested which dissatisfied with the amount of finance obtained (received less), firms that sought external finance but did not receive it (rejected) and those who did not seek external finance because they thought borrowing costs would be too high (too expensive) or they would be turned down (discouraged) Firms happy to use internal funds are those that invested using exclusively internal funds and who stated that they did not seek any external finance because they were satisfied with their internal funds. 20/04/2017 European Investment Bank Group 15
16 Financially constrained firms Share of financially constrained firms Satisfaction with external finance Amount obtained 15% Cost of finance 1 Maturity 5% Collateral Type of finance Portugal Cyprus Greece Malta Bulgaria Croatia Hungary Romania Lithuania Slovenia Latvia Italy Netherlands Slovakia Spain Austria Belgium Germany UK Denmark Estonia France Poland Finland Czech Rep Luxembourg Sweden Rejected Received less Too expensive Discouraged Base: All firms; Finance constrained firms include: those dissatisfied with the amount of finance obtained (received less), firms that sought external finance but did not receive it (rejected) and those who did not seek external finance because they thought borrowing costs would be too high (too expensive) or they would be turned down (discouraged) 8 10 Very satisfied Fairly satisfied Neither Fairly dissatisfied Very dissatisfied Q. How satisfied or dissatisfied are you with? 20/04/2017 European Investment Bank Group 16
17 Brexit Expected effect of outcome of Brexit referendum on investment activities 10 8 positive negative no impact Don't know/refused Q. How do you expect the outcome of the UK referendum on EU membership to affect your investment activities in the coming year? 20/04/2017 European Investment Bank Group 17
18 Summary Survey findings for Investment continues to recover, though data and accounting particularities related to multinationals blur the picture. Infrastructure investment severely hit and continued to suffer through 2015, with the impact of fiscal constraints on public sector capital investment driving; High private sector propensity to invest ongoing, with rotation toward catchup in construction and services; elevated share of smaller firms not investing; Main barriers to investment are uncertainty, lack of skills, energy costs, and digital infrastructure; external finance a limiting factor for firms that underinvested. Polarised world of financing needs, with a high share of firms relying on internal finance, including intra-group, and most of the remainder on banking, with an elevated share of firms experiencing constraints, especially smaller and younger firms; cost and collateral requirements are important. 20/04/2017 European Investment Bank Group 18
19 19 Thank you!
20 Annex 20/04/2017 European Investment Bank Group 20
21 Investment purpose in 2015 Purpose of investment in last financial year by country Purpose of investment in last financial year by sector Slovakia Croatia Spain Bulgaria Romania Czech Rep Malta Greece Sweden UK Latvia Belgium Hungary Netherlands Italy Austria Denmark Poland Cyprus Lithuania Germany Portugal Slovenia Finland Luxembourg France Estonia EU Manufacturing Construction Services Infrastructure Micro/Small Medium/Large Capacity expansion Replacement New products/services Other Q. What proportion of total investment was for (a) replacing existing buildings, machinery, equipment, IT (b) expanding capacity for existing products/services (c) developing or introducing new products, processes, services? Base: All firms who invested in the last financial year (excluding don t know/refused responses) 21
22 External finance 0.5 Satisfaction with external finance Amount obtained Cost of finance Maturity Collateral Type of finance Very satisfied Fairly satisfied Neither Fairly dissatisfied Very dissatisfied Received Less Rejected Too Expensive Discouraged Q. How satisfied or dissatisfied are you with? Base: All firms; Finance constrained firms include: those dissatisfied with the amount of finance obtained (received less), firms that sought external finance but did not receive it (rejected) and those who did not seek external finance because they thought borrowing costs would be too high (too expensive) or they would be turned down (discouraged) 20/04/2017 European Investment Bank Group 22
23 On average, Irish firms are more productive than their EU counterparts Index (100 = median TFP for the EU in ) Distribution of firm-level TFP in p10 p50 p90 mean Productivity Average firm-level TFP growth is falling in IE but the growth rate is higher than in the EU EU IE Core Periphery Cohesion Note: Core: AT BE DE DK FI FR SE UK; Periphery: EL ES IE IT PT SI; Cohesion: BG CZ EE HU PL RO SK. Source: ECON calculations based on the Bureau Van Dijk s Orbis database.
Investment in France and the EU
Investment in and the EU Natacha Valla March 2017 22/02/2017 1 Change relative to 2008Q1 % of GDP Slow recovery of investment, and with strong heterogeneity Overall Europe s recovery in investment is slow,
More informationInvestment in Germany and the EU
Investment in Germany and the EU Pedro de Lima Head of the Economics Studies Division Economics Department Berlin 19/12/2016 11/01/2017 1 Slow recovery of investment, with strong heterogeneity Overall
More informationInvestment and Investment Finance. the EU and the Polish story. Debora Revoltella
Investment and Investment Finance the EU and the Polish story Debora Revoltella Director - Economics Department EIB Warsaw 27 February 2017 Narodowy Bank Polski European Investment Bank Contents We look
More informationInvestment in Romania and the EU
Investment in Romania and the EU Debora Revoltella Director Economics Department Bucharest June 21, 217 2/6/217 European Investment Bank Group 2 Investment dynamics in RO 12 Investment Index 28=1 45 Gross
More informationInvestment and Investment Finance in Slovenia
Investment and Investment Finance in Slovenia Debora Revoltella Chief Economist European Investment Bank Bank of Slovenia, European Investment Bank, European Commission Conference Ljubljana November 16,
More informationInvestment and Investment Finance open questions?
Investment and Investment Finance open questions? COMPNET 13 th ANNUAL CONFERENCE CHIEF ECONOMISTS PANEL 29 June 2017 Debora Revoltella Economics Department European Investment Bank Key issues Questions
More informationGrowth, competitiveness and jobs: priorities for the European Semester 2013 Presentation of J.M. Barroso,
Growth, competitiveness and jobs: priorities for the European Semester 213 Presentation of J.M. Barroso, President of the European Commission, to the European Council of 14-1 March 213 Economic recovery
More informationDATA SET ON INVESTMENT FUNDS (IVF) Naming Conventions
DIRECTORATE GENERAL STATISTICS LAST UPDATE: 10 APRIL 2013 DIVISION MONETARY & FINANCIAL STATISTICS ECB-UNRESTRICTED DATA SET ON INVESTMENT FUNDS (IVF) Naming Conventions The series keys related to Investment
More informationINTANGIBLE INVESTMENT AND INNOVATION IN THE EU: FIRM- LEVEL EVIDENCE FROM THE 2017 EIB INVESTMENT SURVEY 49
CHAPTER II.6 INTANGIBLE INVESTMENT AND INNOVATION IN THE EU: FIRM- LEVEL EVIDENCE FROM THE 2017 EIB INVESTMENT SURVEY 49 Debora Revoltella and Christoph Weiss European Investment Bank, Economics Department
More informationBUSINESS INVESTMENT AND INVESTMENT FINANCE IN MALTA EVIDENCE FROM THE EIBIS 2017 SURVEY
BUSINESS INVESTMENT AND INVESTMENT FINANCE IN MALTA EVIDENCE FROM THE EIBIS 217 SURVEY Article published in the Quarterly Review 218:1, pp. 3-36 BOX 2: BUSINESS INVESTMENT AND INVESTMENT FINANCE IN MALTA
More informationOctober 2010 Euro area unemployment rate at 10.1% EU27 at 9.6%
STAT//180 30 November 20 October 20 Euro area unemployment rate at.1% EU27 at 9.6% The euro area 1 (EA16) seasonally-adjusted 2 unemployment rate 3 was.1% in October 20, compared with.0% in September 4.
More informationJanuary 2010 Euro area unemployment rate at 9.9% EU27 at 9.5%
STAT//29 1 March 20 January 20 Euro area unemployment rate at 9.9% EU27 at 9.5% The euro area 1 (EA16) seasonally-adjusted 2 unemployment rate 3 was 9.9% in January 20, the same as in December 2009 4.
More informationHOW RECESSION REFLECTS IN THE LABOUR MARKET INDICATORS
REPUBLIC OF SLOVENIA HOW RECESSION REFLECTS IN THE LABOUR MARKET INDICATORS Matej Divjak, Irena Svetin, Darjan Petek, Miran Žavbi, Nuška Brnot ??? What is recession?? Why in Europe???? Why in Slovenia?
More informationGender pension gap economic perspective
Gender pension gap economic perspective Agnieszka Chłoń-Domińczak Institute of Statistics and Demography SGH Part of this research was supported by European Commission 7th Framework Programme project "Employment
More informationFlash Eurobarometer 398 WORKING CONDITIONS REPORT
Flash Eurobarometer WORKING CONDITIONS REPORT Fieldwork: April 2014 Publication: April 2014 This survey has been requested by the European Commission, Directorate-General for Employment, Social Affairs
More informationFrom Recovery to Sustainable Growth"
From Recovery to Sustainable Growth" 2017-2018 EIB Investment Report Debora Revoltella OECD 25 January 2018 European Investment Bank Group 2017-2018 EIB Investment Report: Key messages Investment recovery,
More informationNOTE ON EU27 CHILD POVERTY RATES
NOTE ON EU7 CHILD POVERTY RATES Research note prepared for Child Poverty Action Group Authors: H. Xavier Jara and Chrysa Leventi Institute for Social and Economic Research (ISER) University of Essex The
More informationThemes Income and wages in Europe Wages, productivity and the wage share Working poverty and minimum wage The gender pay gap
5. W A G E D E V E L O P M E N T S At the ETUC Congress in Seville in 27, wage developments in Europe were among the most debated issues. One of the key problems highlighted in this respect was the need
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of IE researchers funded by MSCA: EU budget awarded to IE organisations (EUR million): Number of IE organisations in MSCA: 253 116,04 116 In detail, the number
More informationOverview of Eurofound surveys
Overview of Eurofound surveys Dublin 21 st October 2010 Maija Lyly-Yrjänäinen Eurofound data European Working Conditions Survey 91, 95, 00, 05, 10 European Quality of Life Survey 03, 07, 09, 10 (EB), 11
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of BE researchers funded by MSCA: EU budget awarded to BE organisations (EUR million): Number of BE organisations in MSCA: 274 161,04 227 In detail, the number
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of NL researchers funded by MSCA: EU budget awarded to NL organisations (EUR million): Number of NL organisations in MSCA: 427 268.91 351 In detail, the number
More informationCOMMISSION DECISION of 23 April 2012 on the second set of common safety targets as regards the rail system (notified under document C(2012) 2084)
27.4.2012 Official Journal of the European Union L 115/27 COMMISSION DECISION of 23 April 2012 on the second set of common safety targets as regards the rail system (notified under document C(2012) 2084)
More informationEurofound in-house paper: Part-time work in Europe Companies and workers perspective
Eurofound in-house paper: Part-time work in Europe Companies and workers perspective Presented by: Eszter Sandor Research Officer, Surveys and Trends 26/03/2010 1 Objectives Examine the patterns of part-time
More informationSocial Protection and Social Inclusion in Europe Key facts and figures
MEMO/08/625 Brussels, 16 October 2008 Social Protection and Social Inclusion in Europe Key facts and figures What is the report and what are the main highlights? The European Commission today published
More informationTaxation trends in the European Union EU27 tax ratio at 39.8% of GDP in 2007 Steady decline in top personal and corporate income tax rates since 2000
DG TAXUD STAT/09/92 22 June 2009 Taxation trends in the European Union EU27 tax ratio at 39.8% of GDP in 2007 Steady decline in top personal and corporate income tax rates since 2000 The overall tax-to-gdp
More informationFIRST REPORT COSTS AND PAST PERFORMANCE
FIRST REPORT COSTS AND PAST PERFORMANCE DECEMBER 2018 https://eiopa.europa.eu/ PDF ISBN 978-92-9473-131-9 ISSN 2599-8862 doi: 10.2854/480813 EI-AM-18-001-EN-N EIOPA, 2018 Reproduction is authorised provided
More informationFlash Eurobarometer 441. Report. European SMEs and the Circular Economy
European SMEs and the Circular Economy Survey requested by the European Commission, Directorate-General Environment and co-ordinated by the Directorate-General for Communication This document does not
More informationFiscal competitiveness issues in Romania
Fiscal competitiveness issues in Romania Ionut Dumitru President of the Fiscal Council, Chief Economist Raiffeisen Bank* October 2014 World Bank Doing Business Report Ranking (out of 189 countries) Ease
More information2 ENERGY EFFICIENCY 2030 targets: time for action
ENERGY EFFICIENCY 2030 targets: time for action The Coalition for Energy Savings The Coalition for Energy Savings strives to make energy efficiency and savings the first consideration of energy policies
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of FR researchers funded by MSCA: EU budget awarded to FR organisations (EUR million): Number of FR organisations in MSCA: 1 072 311.72 479 In detail, the
More informationMay 2009 Euro area external trade surplus 1.9 bn euro 6.8 bn euro deficit for EU27
STAT/09/106 17 July 2009 May 2009 Euro area external trade surplus 1.9 6.8 deficit for EU27 The first estimate for the euro area 1 (EA16) trade balance with the rest of the world in May 2009 gave a 1.9
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of FI researchers funded by MSCA: EU budget awarded to FI organisations (EUR million): Number of FI organisations in MSCA: 155 47.93 89 In detail, the number
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of PT researchers funded by MSCA: EU budget awarded to PT organisations (EUR million): Number of PT organisations in MSCA: 716 66,67 165 In detail, the number
More informationCountry Health Profiles
State of Health in the EU Country Health Profiles Brussels, November 2017 1 The Country Health Profiles 1. Highlights 2. Health status 3. Risk Factors 4. Health System (description) 5. Performance of Health
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of SE researchers funded by MSCA: EU budget awarded to SE organisations (EUR million): Number of SE organisations in MSCA: 138 114.71 150 In detail, the number
More informationPROGRESS TOWARDS THE LISBON OBJECTIVES 2010 IN EDUCATION AND TRAINING
PROGRESS TOWARDS THE LISBON OBJECTIVES IN EDUCATION AND TRAINING In 7, reaching the benchmarks for continues to pose a serious challenge for education and training systems in Europe, except for the goal
More informationThe EFTA Statistical Office: EEA - the figures and their use
The EFTA Statistical Office: EEA - the figures and their use EEA Seminar Brussels, 13 September 2012 1 Statistics Comparable, impartial and reliable statistical data are a prerequisite for a democratic
More informationPROGRESS TOWARDS THE LISBON OBJECTIVES 2010 IN EDUCATION AND TRAINING
PROGRESS TOWARDS THE LISBON OBJECTIVES IN EDUCATION AND TRAINING In, reaching the benchmarks for continues to pose a serious challenge for education and training systems in Europe, except for the goal
More informationIdentifying factors that support and hinder the scaling up of promising new ventures
Identifying factors that support and hinder the scaling up of promising new ventures Debora Revoltella Director Economics Department European Investment Bank ECB MIT Joint Conference Fostering Innovation
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of LV researchers funded by MSCA: EU budget awarded to LV organisations (EUR million): Number of LV organisations in MSCA: 35 3.91 11 In detail, the number
More informationAugust 2008 Euro area external trade deficit 9.3 bn euro 27.2 bn euro deficit for EU27
STAT/08/143 17 October 2008 August 2008 Euro area external trade deficit 9.3 27.2 deficit for EU27 The first estimate for the euro area 1 (EA15) trade balance with the rest of the world in August 2008
More informationLEADER implementation update Leader/CLLD subgroup meeting Brussels, 21 April 2015
LEADER 2007-2013 implementation update Leader/CLLD subgroup meeting Brussels, 21 April 2015 #LeaderCLLD 2,416 2,416 8.9 Progress on LAG selection in the EU (2007-2013) 3 000 2 500 2 000 2 182 2 239 2 287
More informationCOMMISSION STAFF WORKING DOCUMENT Accompanying the document. Report form the Commission to the Council and the European Parliament
EUROPEAN COMMISSION Brussels, 4.5.2018 SWD(2018) 246 final PART 5/9 COMMISSION STAFF WORKING DOCUMENT Accompanying the document Report form the Commission to the Council and the European Parliament on
More informationJanuary 2009 Euro area external trade deficit 10.5 bn euro 26.3 bn euro deficit for EU27
STAT/09/40 23 March 2009 January 2009 Euro area external trade deficit 10.5 26.3 deficit for EU27 The first estimate for the euro area 1 (EA16) trade balance with the rest of the world in January 2009
More informationH Marie Sklodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of FR researchers funded by MSCA: EU budget awarded to FR organisations (EUR million): Number of FR organisations in MSCA: 565 198.92 370 In detail, the number
More informationEBA REPORT ON HIGH EARNERS
EBA REPORT ON HIGH EARNERS DATA AS OF END 2017 LONDON - 11/03/2019 1 Data on high earners List of figures 3 Executive summary 4 1. Data on high earners 6 1.1 Background 6 1.2 Data collected on high earners
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of AT researchers funded by MSCA: EU budget awarded to AT organisations (EUR million): Number of AT organisations in MSCA: 215 78.57 140 In detail, the number
More informationLibrary statistical spotlight
/9/2 Library of the European Parliament 6 4 2 This document aims to provide a picture of the, in particular by looking at car production trends since 2, at the number of enterprises and the turnover they
More informationFor further information, please see online or contact
For further information, please see http://ec.europa.eu/research/sme-techweb online or contact Lieve.VanWoensel@ec.europa.eu Seventh Progress Report on SMEs participation in the 7 th R&D Framework Programme
More informationSpecial Eurobarometer 418 SOCIAL CLIMATE REPORT
Special Eurobarometer 418 SOCIAL CLIMATE REPORT Fieldwork: June 2014 Publication: November 2014 This survey has been requested by the European Commission, Directorate-General for Employment, Social Affairs
More informationCOMMISSION STAFF WORKING DOCUMENT Accompanying the document
EUROPEAN COMMISSION Brussels, 9.10.2017 SWD(2017) 330 final PART 13/13 COMMISSION STAFF WORKING DOCUMENT Accompanying the document REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL, THE
More informationTHE 2015 EU JUSTICE SCOREBOARD
THE 215 EU JUSTICE SCOREBOARD Communication from the Commission to the European Parliament, the Council, the European Central Bank, the European Economic and Social Committee and the Committee of the Regions
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of PT researchers funded by MSCA: EU budget awarded to PT organisations (EUR million): Number of PT organisations in MSCA: 592 54.79 135 In detail, the number
More informationHow much does it cost to make a payment?
How much does it cost to make a payment? Heiko Schmiedel European Central Bank Directorate General Payments & Market Infrastructure, Market Integration Division World Bank Global Payments Week 23 October
More informationDecember 2010 Euro area annual inflation up to 2.2% EU up to 2.6%
STAT/11/9 14 January 2011 December 2010 Euro area annual inflation up to 2.2% EU up to 2.6% Euro area 1 annual inflation was 2.2% in December 2010 2, up from 1.9% in November. A year earlier the rate was
More informationFiscal sustainability challenges in Romania
Preliminary Draft For discussion only Fiscal sustainability challenges in Romania Bucharest, May 10, 2011 Ionut Dumitru Anca Paliu Agenda 1. Main fiscal sustainability challenges 2. Tax collection issues
More informationFlash Eurobarometer 470. Report. Work-life balance
Work-life balance Survey requested by the European Commission, Directorate-General for Justice and Consumers and co-ordinated by the Directorate-General for Communication This document does not represent
More informationTwo years to go to the 2014 European elections European Parliament Eurobarometer (EB/EP 77.4)
Directorate-General for Communication PUBLIC OPINION MONITORING UNIT Brussels, 23 October 2012. Two years to go to the 2014 European elections European Parliament Eurobarometer (EB/EP 77.4) FOCUS ON THE
More informationThe Skillsnet project on Medium-term forecasts of occupational skill needs in Europe: Replacement demand and cohort change analysis
The Skillsnet project on Medium-term forecasts of occupational skill needs in Europe: Replacement demand and cohort change analysis Paper presented at the Workshop on Medium-term forecast of occupational
More informationMay 2009 Euro area annual inflation down to 0.0% EU down to 0.7%
STAT/09/88 16 June 2009 May 2009 Euro area annual inflation down to 0.0% EU down to 0.7% Euro area 1 annual inflation was 0.0% in May 2009 2, down from 0.6% in April. A year earlier the rate was 3.7%.
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of LT researchers funded by MSCA: EU budget awarded to LT organisations (EUR million): Number of LT organisations in MSCA: 79 5.03 21 In detail, the number
More informationStandard Eurobarometer
Standard Eurobarometer 67 / Spring 2007 Standard Eurobarometer European Commission SPECIAL EUROBAROMETER EUROPEANS KNOWELEDGE ON ECONOMICAL INDICATORS 1 1 This preliminary analysis is done by Antonis PAPACOSTAS
More informationState of play of CAP measure Setting up of Young Farmers in the European Union
State of play of CAP measure Setting up of Young Farmers in the European Union Michael Gregory EN RD Contact Point Seminar CEJA 20 th September 2010 Measure 112 rationale: Measure 112 - Setting up of young
More informationSecuring sustainable and adequate social protection in the EU
Securing sustainable and adequate social protection in the EU Session on Social Protection & Security IFA 12th Global Conference on Ageing 11 June 2014, HICC Hyderabad India Dr Lieve Fransen European Commission
More informationGuidelines compliance table
Guidelines compliance table EBA/GL/2018/01 12 January 2018; Date of application 20 March 2018 Guidelines on uniform disclosures under Article 473a of Regulation (EU) No 575/2013 as regards the transitional
More informationEIBIS 2016 Ireland. Country Overview
EIBIS 2016 2014 EIB Group Survey on Investment and Investment Finance 2016 Country Overview Finance Country Overview: European Investment Bank (EIB), 2016. All rights reserved. About the EIB Investment
More informationSTAT/14/ October 2014
STAT/14/158-21 October 2014 Provision of deficit and debt data for 2013 - second notification Euro area and EU28 government deficit at 2.9% and 3.2% of GDP respectively Government debt at 90.9% and 85.4%
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of CZ researchers funded by MSCA: EU budget awarded to CZ organisations (EUR million): Number of CZ organisations in MSCA: 157 23.11 58 In detail, the number
More informationTAX EUROPEAN UNION VAT RATES AND THRESHOLDS. At 1 January 2018
TAX EUROPEAN UNION RATES AND THRESHOLDS EUROPEAN UNION: RATES & THRESHOLDS Format of number registration Austria AT UST ATU12345678 30,000 (nil for non resident Belgium BE BTW BE 0123.456.789 NIL (option
More informationEIBIS Luxembourg. Country Overview
EIBIS 2016 2014 EIB Group Survey on Investment and Investment Finance 2016 Country Overview Finance Country Overview: European Investment Bank (EIB), 2016. All rights reserved. About the EIB Investment
More informationGuidelines compliance table
Guidelines compliance table EBA/GL/2017/01 Appendix 1 08 March 2017; Date of application 31 December 2017 (Updated: 14 November 2017) Guidelines on LCR disclosure to complement the disclosure of liquidity
More informationTraffic Safety Basic Facts Main Figures. Traffic Safety Basic Facts Traffic Safety. Motorways Basic Facts 2015.
Traffic Safety Basic Facts 2013 - Main Figures Traffic Safety Basic Facts 2015 Traffic Safety Motorways Basic Facts 2015 Motorways General Almost 30.000 people were killed in road accidents on motorways
More informationReport on the distribution of direct payments to agricultural producers (financial year 2016)
Report on the distribution of direct payments to agricultural producers (financial year 2016) Every year, the Commission publishes the distribution of direct payments to farmers by Member State. Figures
More informationRecommendations compliance table
Recommendations compliance table EBA/REC/2017/03 20 December 2017; Date of application 1 July 2018 Recommendations on outsourcing to cloud service providers The following competent authorities* or intend
More informationFieldwork: October 2006 Report: December 2006
Flash Eurobarometer European Commission Business attitudes towards cross-border sales and consumer protection Summary Fieldwork: October 2006 Report: December 2006 Flash Eurobarometer 186 The Gallup Organization
More informationGuidelines compliance table
Guidelines compliance table EBA/GL/2017/05 Appendix 1 11 May 2017; Date of application 01 January 2018 (Updated 19 February 2018) Guidelines on ICT Risk Assessment under the Supervisory Review and Evaluation
More informationFlash Eurobarometer 408 EUROPEAN YOUTH REPORT
Flash Eurobarometer EUROPEAN YOUTH REPORT Fieldwork: December 2014 Publication: April 2015 This survey has been requested by the European Commission, Directorate-General for Education and Culture and co-ordinated
More informationEuropean Commission. Statistical Annex of Alert Mechanism Report 2017
European Commission Statistical Annex of Alert Mechanism Report 2017 COMMISSION STAFF WORKING DOCUMENT STATISTICAL ANNEX Accompanying the document REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT,
More informationInvestment and competitivenss" Boris Vujčić, guverner
Investment and competitivenss" Boris Vujčić, guverner e-mail: boris.vujcic@hnb.hr Outline Capital investment and FDI developments in Croatia and peer countries Structural position of Croatia Why are some
More informationGuidelines compliance table
compliance table EBA/GL/2018/05 18 July 2018; Date of application 1 January 2019 on fraud reporting under the Payment Services Directive 2 (PSD2) The following competent authorities* or intend to with
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of SI researchers funded by MSCA: EU budget awarded to SI organisations (EUR million): Number of SI organisations in MSCA: 121 12.53 35 In detail, the number
More informationEU-28 RECOVERED PAPER STATISTICS. Mr. Giampiero MAGNAGHI On behalf of EuRIC
EU-28 RECOVERED PAPER STATISTICS Mr. Giampiero MAGNAGHI On behalf of EuRIC CONTENTS EU-28 Paper and Board: Consumption and Production EU-28 Recovered Paper: Effective Consumption and Collection EU-28 -
More informationAleksandra Dyba University of Economics in Krakow
61 Aleksandra Dyba University of Economics in Krakow dyba@uek.krakow.pl Abstract Purpose development is nowadays a crucial global challenge. The European aims at building a competitive economy, however,
More informationMacroeconomic overview SEE and Macedonia
Macroeconomic overview SEE and Macedonia Zoltan Arokszallasi Chief Analyst, Macro & FX/FI Research Erste Group Bank Erste Investors Breakfast, 29 September, Skopje 02. Oktober SEE shows mixed performance
More informationThe Eurostars Programme
The Eurostars Programme The EU-EUREKA joint funding programme for R&D-performing SMEs What is EUREKA? > 2 > EUREKA is a public network supporting R&D-performing businesses > Established in 1985 by French
More informationMacroeconomic Policies in Europe: Quo Vadis A Comment
Macroeconomic Policies in Europe: Quo Vadis A Comment February 12, 2016 Helene Schuberth Outline Staff Projection of the Euro Area Monetary Policy Investment Rebalancing in the euro area Fiscal Policy
More informationEUROPEAN COMMISSION EUROSTAT
EUROPEAN COMMISSION EUROSTAT Directorate F: Social statistics Unit F-3: Labour market Doc.: Eurostat/F3/LAMAS/29/14 WORKING GROUP LABOUR MARKET STATISTICS Document for item 3.2.1 of the agenda LCS 2012
More informationTraffic Safety Basic Facts Main Figures. Traffic Safety Basic Facts Traffic Safety. Motorways Basic Facts 2016.
Traffic Safety Basic Facts 2013 - Main Figures Traffic Safety Basic Facts 2015 Traffic Safety Motorways Basic Facts 2016 Motorways General Almost 26.000 people were killed in road accidents on motorways
More informationRES in SEERMAP financing aspects
financing aspects Authors: Gustav Resch, Lukas Liebmann, Albert Hiesl all Energy Economics Group, TU Wien Contact Web: http://eeg.tuwien.ac.at Email: resch@eeg.tuwien.ac.at developed initially in the period
More informationPUBLIC PERCEPTIONS OF VAT
Special Eurobarometer 424 PUBLIC PERCEPTIONS OF VAT REPORT Fieldwork: October 2014 Publication: March 2015 This survey has been requested by the European Commission, Directorate-General for Taxations and
More information14349/16 MP/SC/mvk 1 DG D 2B
Council of the European Union Brussels, 15 November 2016 (OR. en) 14349/16 COPEN 336 EUROJUST 146 EJN 72 NOTE From: To: General Secretariat of the Council Delegations No. prev. doc.: 9638/15 Subject: Implementation
More informationEuropeans attitudes towards the issue of sustainable consumption and production. Analytical report
Flash Eurobarometer 256 The Gallup Organisation Analytical Report Flash EB N o 251 Public attitudes and perceptions in the euro area Flash Eurobarometer European Commission Europeans attitudes towards
More informationTraffic Safety Basic Facts Main Figures. Traffic Safety Basic Facts Traffic Safety. Motorways Basic Facts 2017.
Traffic Safety Basic Facts 2013 - Main Figures Traffic Safety Basic Facts 2015 Traffic Safety Motorways Basic Facts 2017 Motorways General More than 24.000 people were killed in road accidents on motorways
More informationHarmonised Index of Consumer Prices (HICP) August 2015
Aug-14 Sep-14 Oct-14 Nov-14 Dec-14 Jan-15 Feb-15 Mar-15 Apr-15 May-15 Jun-15 MONTENEGRO STATISTICAL OFFICE R E L E A S E Broj: 201 Podgorica, 18 September 2015 When using the data please name the source
More informationDG JUST JUST/2015/PR/01/0003. FINAL REPORT 5 February 2018
DG JUST JUST/2015/PR/01/0003 Assessment and quantification of drivers, problems and impacts related to cross-border transfers of registered offices and cross-border divisions of companies FINAL REPORT
More informationH Marie Skłodowska-Curie Actions (MSCA)
H2020 Key facts and figures (2014-2020) Number of LT researchers funded by MSCA: EU budget awarded to LT organisations (EUR million): Number of LT organisations in MSCA: 104 6,82 29 In detail, the number
More informationScenario for the European Insurance and Occupational Pensions Authority s EU-wide insurance stress test in 2016
17 March 2016 ECB-PUBLIC Scenario for the European Insurance and Occupational Pensions Authority s EU-wide insurance stress test in 2016 Introduction In accordance with its mandate, the European Insurance
More informationCOVER NOTE The Employment Committee Permanent Representatives Committee (Part I) / Council EPSCO Employment Performance Monitor - Endorsement
COUNCIL OF THE EUROPEAN UNION Brussels, 15 June 2011 10666/1/11 REV 1 SOC 442 ECOFIN 288 EDUC 107 COVER NOTE from: to: Subject: The Employment Committee Permanent Representatives Committee (Part I) / Council
More informationUPDATE ON THE EBA REPORT ON LIQUIDITY MEASURES UNDER ARTICLE 509(1) OF THE CRR RESULTS BASED ON DATA AS OF 30 JUNE 2018.
UPDATE ON THE EBA REPORT ON LIQUIDITY MEASURES UNDER ARTICLE 509(1) OF THE CRR RESULTS BASED ON DATA AS OF 30 JUNE 2018 20 March 2019 Contents List of figures 3 List of tables 4 Abbreviations 5 Executive
More information