InvestEU: EU Ambassadors confirm understanding with European Parliament

European Union is shaping up its new financial tool to support investment and job creation. EU ambassadors today confirmed common understanding reached by Romania’s EU Council Presidency and European Parliament on InvestEU, which will bring together under one program 14 different financial instruments currently available to support investment in the EU.

Agreement excludes budget-related and horizontal issues, which are currently being discussed as part of negotiations on EU’s next Multiannual Financial Framework (MFF) for the period 2021 to 2027.

Romanian Minister of Public Finance, Eugen Teodorovici:Thanks to InvestEU, the EU will have a permanent, strong and reliable tool to foster investment and growth that benefit everyone, to help finance ambitious infrastructure projects and to effectively tackle challenges such as digitalization of the economy and high unemployment rates. Important elements related to MFF still need to be agreed, but we now have a clear understanding of how this new instrument is going to work.

Source:Romania2019.eu