Commission approves first wave of defence funding for eight Member States under SAFE

The European Commission has endorsed the national defence plans of eight Member States, marking a milestone in Europe’s push to strengthen its security. The Commission submitted a proposal to the Council to approve financial assistance for Belgium, Bulgaria, Denmark, Spain, Croatia, Cyprus, Portugal and Romania. President of the European Commission, Ursula von der Leyen, said: “Last year, the EU has made […]

Continue Reading

SeaForester: Restoring underwater forests with BlueInvest support

Portugal-based company SeaForester is restoring Europe’s lost kelp forests using a simple, scalable method:  it grows kelp seedlings on small stones in land-based nurseries, then deploys them from fishing boats. This innovative approach facilitates large-scale regeneration of marine habitats. With support from BlueInvest, SeaForester has successfully secured €1.6 million and is preparing for international expansion. […]

Continue Reading

Commission provides €1 billion in macro-financial assistance to Egypt

Today, the European Commission disbursed €1 billion in Macro-Financial Assistance (MFA) to Egypt, an important commitment of the EU-Egypt Strategic Comprehensive Partnership signed in March 2024.   Ursula von der Leyen, President of the European Commission said: “Egypt is an important strategic partner for the European Union. Today’s €1 billion payment shows both the EU’s commitment to this partnership and Egypt’s efforts to build […]

Continue Reading