Podcasts about european fund

Imagine a sua riqueza a encolher silenciosamente, ano após ano. Não é ficção: é o que acontece ao dinheiro de 70% dos portugueses, «adormecido» em depósitos a prazo.Neste episódio, Filipa Galrão conversa com o especialista em finanças, Diogo Mendes, que nos explica por que motivo apenas 2% dos portugueses investem em ações, enquanto nos países nórdicos essa percentagem está próxima dos 20%.Se formos além da realidade europeia, os contrastes são ainda mais significativos: sem um Estado Social robusto, 62% dos americanos participam no mercado acionista.O que explica estas diferenças? Um fator-chave é precisamente o nível de literacia financeira. Mas há outros: o género, a educação e, naturalmente, o rendimento influenciam as nossas decisões financeiras e o nosso grau de aversão ao risco ao longo da vida.Quer seja um investidor experiente ou alguém que nunca comprou uma ação, junte-se à conversa e aprenda a navegar o mundo dos investimentos com mais conhecimento e confiança.REFERÊNCIAS E LINKS ÚTEISBANCO DE PORTUGAL, CMVM, ASF,«4º Inquérito à Literacia Financeira da População Portuguesa» (2023, Todos Contam)CMVM, «Perfil do Investidor» (2023, Comissão do Mercado de Valores Mobiliários)DECO PROTESTE, «Custos de corretagem: simulação Deco para corretoras online vs. Bancos» (2023, Deco Proteste)EFAMA, «Household participation in capital markets» (2023, European Fund and Asset Management Association)«MONSTER OF WALL STREET», Madoff: The (2023, Netflix)«THE MEASURE OF A PLAN, Investment returns by asset class - Last 50 years» (2023, The Measure of a Plan)«WORLD FEDERATION OF EXCHANGES, Number of listed companies» (2023, Focus World Federation of Exchanges)BIOSDiogo MendesProfessor de Finanças na Stockholm School of Economics. Doutorou-se em finanças pela Nova School of Business and Economics, tendo passado pela London School of Economics e Imperial College London. Tem investigação nas áreas de literacia financeira, finanças da empresa e economia do desenvolvimento. Faz parte da equipa de coordenação do programa “Finanças para Todos” com o intuito de promover melhores práticas financeiras em Portugal.Filipa Galrão A Filipa vive no campo, mas é à cidade que vai quando precisa de euforia, seja em festivais de música ou no Estádio da Luz. Estudou Comunicação Social e Cultural na Universidade Católica. Em pequena, gravava o diário em K7, em graúda agarrou-se aos microfones da Rádio. Depois da Mega Hits e da Renascença, é agora uma das novas vozes da Rádio Comercial. Já deu à luz 1 livro infantil - Que Estranho! - e 2 filhos.

El Gouna Land Sale Unlocks Massive Value and Reconfirms ORHD as Our Sector Top PickORHD sold a 145k sqm land plot at the backend of El Gouna for EGP1.5 billion, implying a price of USD225/sqm. This is highly positive from both a valuation perspective and an earnings perspective. If we apply the USD225/sqm price to both back and midway land in our valuation, our FV would accordingly increase from EGP26.26/share to EGP32.69/share. Egypt welcomed a record 7.1 mn tourists in 1H 2024, ever so slightly inching above the previous record in the first half of last year. Egypt received the first shipment of natural gas out of 21 shipments that were contracted to continue at intermittent intervals during the remaining months of the summer in order to avoid blackouts.The government has reverted to planned two-hour power outages as of yesterday, instead of three hours. The two-hour planned outages will take place between 3pm to 7pm.Minister of International Cooperation revealed investment guarantees provided by the EU worth EUR1.8 billion through the European Fund for Sustainable Development (EFSD), within the financing package worth EUR7.4 billion, which would enhance FDIs worth EUR11 billion in priority sectors. German carmaker Volkswagen is interested in helping develop a shared production facility in the East Port Said Industrial Zone.The Sovereign Fund of Egypt has drawn in some EGP52 bn in local investments and around USD5.1 bn in foreign investments over the past 4 years.The General Authority for Freezones and Investment has issued 31 golden licenses to local and foreign investors in Egypt since December 2022.Apex International Energy has allocated more than USD100 million to implement its operations in Egypt in 2024.Act Financial is kicking off its IPO procedures today in an event held alongside IPO manager Zilla Capital. The company has set the final IPO price at EGP2.90/share, while an independent financial advisor to the transaction, set the fair value price at EGP3.63/share.Valu, HRHO's consumer finance arm, finalized it's 10th securitization issuance worth EGP1.2 bn, under a securitization program of EGP9.0 bnSAUD will provide Raya Holding subsidiary Raya Information Technology with a credit facility of up to EGP550 mn or its equivalent in FC.CI Mortgage, CICH's arm is negotiating with two banks to receive financing facilities worth EGP400 mn to use in acquiring new customers. Qalaa Holdings' TAQA is negotiating with clients in the tourism, industrial and agricultural sectors about proposed projects to produce 150 MW of solar energy in Egypt.Egypt has started receiving import offers for liquified ethane gas for the first time in favor of petrochemicals companies.The National Tunnels Authority (NTA) has kicked off procedures to take out a loan of up to EGP74 billion from a syndicate of ten local banks. The Arab Organization for Industrialization and TMGH will work to localize elevator manufacturing under an agreement signed with Schindler.Egyptian real estate developer Al Ahly Sabbour is in talks with advisors regarding plans to go public on the EGX.Auto sales inched up 10.8% MoM in May to 6.3k vehicles.Weekly Commodities UpdateLast Price | WoW Change, %Brent, USD/bbl | 85.7 | 1.4%Diesel-HSFO Spread, USD/ton | 313.1 | 1.2%Egypt Urea, USD/ton | 337.5 | 0.0%Polyethylene, USD/ton | 1,050.0 | 1.0%Polypropylene, USD/ton | 995.0 | -0.5%Iron Ore 65%, USD/ton | 126.5 | 0.4%Steel/Iron Ore Spreads, USD/ton | 387.8 | -1.0%LME Aluminum Cash Price, USD/ton | 2,487.8 | 0.9%Egyptian Retail Cement, EGP/ton | 2,075.0 | -1.3%Steam Coal FOB Newcastle Australia, USD/ton | 133.5 | 1.1%SMP, USD/MT | 2,766.0 | 0.0%

In part 2 of this series, SS&C's Johnine Kilgallon continues the conversation with colleagues Colin Haggart and Adrian Beattie, Nicola Cowman (Carne Group) and Arun Neelamkavil (Independent Fund Consultant) about the types of European fund structures available to North American Managers. This final episode looks at the similarities to structures already familiar to North American Managers and the options of fund domicile and their various nuances that are available in Europe. Episode one can be found here.

Our panel of experts discuss the European alternative fund landscape and why North American Managers are expanding into this market including addressing current hot topics and ways to establish a presence in Europe. The panel delve into various distribution channels and the parties required to be a success in Europe. Links mentioned in this episode: https://www.ssctech.com/contact-sales

Ein Standpunkt von Michael Meyen.Die Bundesregierung bezahlt aus Steuergeldern Journalismus im Ausland – in der Ukraine und in Russland, in Belarus, in Afghanistan und möglicherweise bald auch im Iran. Das Programm heißt Hannah-Arendt-Initiative, ist im Auswärtigen Amt angesiedelt und fördert im Moment 360 Personen. Kosten allein in diesem Jahr: 3,5 Millionen Euro. Annalena Baerbock legitimiert diese Investition mit einer Rhetorik, die Deutschland als Hort der Medienfreiheit erscheinen lässt, und verschleiert so, worum es eigentlich geht – um einen neuen Trumpf im Kampf um Definitionsmacht genau dort, wo gegenwärtig die geopolitische Musik spielt.„Schutzprogramm für Journalistinnen und Journalisten“ steht über der Pressemitteilung vom 14. Oktober, die die deutsche Außenministerin mit ihrer Parteikollegin Claudia Roth herausgegeben hat. Die Beauftragte der Bundesregierung für Kultur und Medien kommt ins Spiel, weil aus ihrem Etat 2022 rund 4,2 Millionen Euro in ein Parallelprogramm fließen – in den European Fund for Journalism in Exile, kurz JX Fund. Dieser Topf soll, nomen est omen, zum einen „schnell und flexibel“ Journalisten helfen, die aus „Kriegs- und Krisengebieten“ fliehen. Zum anderen wird der „Aufbau neuer Redaktionsstrukturen im Exil“ unterstützt. Auf Deutsch: Medienangebote, die für die Herkunftsländer gemacht sind. Auf der Webseite werden die Ukraine, Belarus und Russland genannt. Außerdem fördert der JX Fund im Advent einen Workshop mit dem sprechenden Titel „Decolonising Journalism“. Die Ausschreibung spricht Menschen aus Regionen und Ländern an, die unter „dem (russischen) Imperialismus und kolonialen Strukturen“ zu leiden haben.In ihrer Pressemitteilung singen die beiden Ministerinnen ein Hohelied auf die Medienfreiheit. Annalena Baerbock sagt dort mit Blick auf „die Proteste der unerschrockenen Frauen und Mädchen im Iran und Russlands schreckliche Kriegsverbrechen in der Ukraine“: „Freier Journalismus ist die beste Medizin gegen Menschenrechtsverletzungen und Machtmissbrauch.“ Und Claudia Roth: „Journalistinnen und Journalisten werden immer häufiger zur Zielscheibe von Diktatoren, Anti-Demokraten und Extremisten, da sie mit ihrer freien und unabhängigen Berichterstattung die Potemkinschen Propaganda-Dörfer in Moskau, Kabul, Teheran, weltweit ins Wanken bringen. Sie sind laute, selbstbewusste Stimmen im Kampf für Freiheit und Selbstbestimmung, für Demokratie und Frieden.“...weiterlesen hier: https://apolut.net/medizin-gegen-machtmissbrauch-von-michael-meyen/+++Dieser Beitrag erschien zuerst am 12.11.2022 im Magazin Multipolar.+++Dank an den Autor für das Recht zur Veröffentlichung des Beitrags.+++Bildquelle: shutterstock / Alexandros Michailidis+++Apolut ist auch als kostenlose App für Android- und iOS-Geräte verfügbar! Über unsere Homepage kommen Sie zu den Stores von Apple und Huawei. Hier der Link: https://apolut.net/app/Die apolut-App steht auch zum Download (als sogenannte Standalone- oder APK-App) auf unserer Homepage zur Verfügung. Mit diesem Link können Sie die App auf Ihr Smartphone herunterladen: https://apolut.net/apolut_app.apk+++Abonnieren Sie jetzt den apolut-Newsletter: https://apolut.net/newsletter/+++Ihnen gefällt unser Programm? Informationen zu Unterstützungsmöglichkeiten finden Sie hier: https://apolut.net/unterstuetzen/+++Unterstützung für apolut kann auch als Kleidung getragen werden! Hier der Link zu unserem Fan-Shop: https://harlekinshop.com/pages/apolut+++Website und Social Media:Website: https://apolut.net/Odysee: https://odysee.com/@apolut:aRumble: https://rumble.com/Apolut Hosted on Acast. See acast.com/privacy for more information.

One key goal of the EU Commission Action Plan for financing sustainable growth is to "reorient capital flows towards sustainable investment, in order to achieve sustainable and inclusive growth”. As such, the fund industry has a key role to play in transforming our economy. This goes along with many questions: Where do we stand at the moment? How does the fund industry consider ESG and sustainable finance regulation? Is it another burden or an opportunity? And what about the challenges the industry is facing? Listen to Jan Müller-Dethard, Senior Consultant at zeb, and his deep-dive talk with Marc-André Bechet, Deputy Director General at the Association of the Luxembourg Fund Industry.

After a break of three years, the European Fund Finance symposium returned last month – in this special episode recorded just after the event, Group Partner Julia Keppe and Senior Associate Alice Wight talk about the key topics – the growth of non-bank lenders, risk pinch points and the emergence of innovative new structures.

Today we're talking to Luis Shemtov and Elad Verbin are two of the three founding partners behind Lunar Ventures - Europe's hands-down most technical early stage VC investing in frontier computer science deep tech. The result was an episode full of learnings packed in great one-liners for emerging managers - from a team that closed 4 Fund of Funds. In this episode you'll learn:- What made Lunar so sexy that they managed to land four European Fund of Funds & bounds of established GPs- How months of iteration around European deep tech founders' problems led to the founding of Lunar Ventures- Why emerging managers need to solve for the question of why LPs should invest in the first close & how Elad thinks about it.- Why raising SPVs is a poor entry route into deep tech VC & what it means to be trailblazing in the VC Twilight Zone.

New molecules, new IP, new opportunities. How can investors be induced to support the massive, but necessary funds required to support the important and carefully regulated research necessary to bring psychedelic therapies to market. Not to be crass, but if something isn't going to bring a profit, it's unlikely to receive much funding, regardless of how much good it might do, certainly not enough to cover the massive costs of bringing a disruptive therapy to market. Companies like Cybin and Bright Minds Bio are looking at modifications to create new IP, improved efficacy, and new delivery mechanisms. With investment validations now taken care of, we need to address issues around delivery of care. Are we prepared to shift to a model of care that moves from weekly one-hour sessions to intensive, multi-hour sessions that require new paradigms that have never been tried? Before you answer, let us ask you another question: with between 11 and 20 out of every 100 US Veterans suffering from PTSD, how can we afford not to try?Clara Burtenshaw, co-founder of Neo Kuma Ventures created the first European Fund dedicated to psychedelics shared with us her motivations, both professional and personal, for focusing on this space. We visited with Wavepaths CEO Mendel Kaelen about their founding principles and objectives; we explore Kernel's entre into the psychedelic research space, and we revisit Doug Drysdale, CEO of Cybin. These are the folks to watch for the future of psychedelic medicines and the healthcare revolution that is coming your way.It has been our pleasure to bring to you this series - this passion project to understand and share the opportunities, challenges, history, and future of psychedelic medicine.Humbly, Arun and JoJo

New molecules, new IP, new opportunities. How can investors be induced to support the massive, but necessary funds required to support the important and carefully regulated research necessary to bring psychedelic therapies to market. Not to be crass, but if something isn't going to bring a profit, it's unlikely to receive much funding, regardless of how much good it might do, certainly not enough to cover the massive costs of bringing a disruptive therapy to market. Companies like Cybin and Bright Minds Bio are looking at modifications to create new IP, improved efficacy, and new delivery mechanisms. With investment validations now taken care of, we need to address issues around delivery of care. Are we prepared to shift to a model of care that moves from weekly one-hour sessions to intensive, multi-hour sessions that require new paradigms that have never been tried? Before you answer, let us ask you another question: with between 11 and 20 out of every 100 US Veterans suffering from PTSD, how can we afford not to try?Clara Burtenshaw, co-founder of Neo Kuma Ventures created the first European Fund dedicated to psychedelics shared with us her motivations, both professional and personal, for focusing on this space. We visited with Wavepaths CEO Mendel Kaelen about their founding principles and objectives; we explore Kernel's entre into the psychedelic research space, and we revisit Doug Drysdale, CEO of Cybin. These are the folks to watch for the future of psychedelic medicines and the healthcare revolution that is coming your way.It has been our pleasure to bring to you this series - this passion project to understand and share the opportunities, challenges, history, and future of psychedelic medicine.Humbly, Arun and JoJoThis series is only possible because of the generosity of spirit, time, resources, and dreams of our guests and contributors. A special thanks to Sharena Rice for her excellent research. Romeo Racz for technical support.  Last but not the least, the unsung hero of our podcast series is our sound engineer, Mr. Swaminathan ThiruGnanaSambandam who did the mixing and mastering of audio. 

Hugh Cuthbert who runs the SVM Continental European Fund joins Proactive London's Katie Pilbeam to talk through the current market sentiment and how this is not necessarily a feature for them when investing. Talking about some of the current trends, Cuthbert says 'we tend to look at the more esoteric markets where we're not taking that top down bet (will economies recover, is the demand there) I really like those industries that will flourish regardless of the underlying economic growth. Things that are uncovered and haven't seen before'.

In this episode of Fund Finance Friday: Industry Conversations, Fabien Bonavia and Mohith Sondhi of OakNorth Bank join Cadwalader partner Samantha Hutchinson to discuss their experience and outlook on the fund finance markets. Visit fundfinancefriday.com for more information.

Discover the stocks, funds, ETFs and investment trusts that made investors rich in 2020. Dan runs through the most popular parts of the market and what might happen next. Laith reveals the main things on investors’ minds as they look to next year. A survey of 2,000 people provides fascinating insight into how the public is thinking about their prospects for making money in 2021. This week’s guest is fund manager Mark Denham from Carmignac whose European Leaders fund has delivered more than four times the return of the European market this year. He explains how this outperformance was achieved and why investors frustrated with lacklustre returns from parts of the UK market might want to look overseas for opportunities. Presented by Shares’ Editor Dan Coatsworth and AJ Bell’s Financial Analyst Laith Khalaf

 With the high street either shut down or harder to access during the pandemic, consumer habits had to change. Moritz Sitte, joint manager of the Baillie Gifford European Growth Trust and the European Fund, explores what this means for the future of shopping. 

  With the high street either shut down or harder to access during the pandemic, consumer habits had to change. Moritz Sitte, joint manager of the Baillie Gifford European Growth Trust and the European Fund, explores what this means for the future of shopping.  

What do you do when an economy is struggling? If you're a policymaker, a politician, or a central banker, you develop a stimulus package. That's the term we examine in today's episode. It's the inside story of one of the biggest stimulus packages in history, to find out how it was set up, how it worked and what kind of results it got. The inside story of the European Fund for Strategic Investments. Hosted on Acast. See acast.com/privacy for more information.

That would be nice... a Green New Deal. Hugh and Ciarán go through the idea of a European Green Deal and who's talking about it and how. Support us on Patreon! WE HAVE A T-PUBLIC STORE what a fashionable way to support our podcast We now have a website that you can find here! Feel free to send us an email at PreviouslyInEurope@gmail.com or follow us on Twitter @PrevInEurope If you can please leave us a review on Apple Podcasts and if you can't do that tell a friend, this stuff really helps us out Also, have you considered Matteo Renzi? Show Notes GND Stuff Hugh Read Not going to repeat their bullet points but the New Economics Foundation and DiEM25 (among others) is the best point by point plan around (though the site misses some details). https://www.gndforeurope.com/10-pillars-of-the-green-new-deal-for-europe The general point is you could do a successor to the Junker plan (European Fund for Strategic Investments) but make it both better and geared specifically towards Green investment via Bonds backed by the ECB and bond markets. https://www.weforum.org/agenda/2019/05/this-is-what-a-green-new-deal-for-europe-could-look-like/ Ireland's dealy is okay looking but wreaks of the long term planning with little short term change https://www.theguardian.com/world/2019/jun/17/ireland-to-unveil-bold-plan-to-tackle-climate-emergency Sinn Fein is grumpy because they've suggested a lot of it before Our old pal, former UK Secretary of State for Energy and Climate Change, wrote a relatively long piece in Prospect magazine (hmm). It's a pretty good read and makes some relevant general points: Short term you need plans too. You're not going to be in government forever so making plans for 2050 is great but if you don't have short term plans that get you ahead of the overall goal you're not going to make it But looking back, it’s hard not to regret that we weren’t more imaginative. Some of our actions then—such as the car scrappage scheme—now rank as missed opportunities. Yes, the new cars being subsidised were lower in emissions than the old bangers they replaced, but how much better placed might the UK car industry be today if all the resources had gone into getting ahead of curve on battery-powered cars and infrastructure? This idea has been around for quite some time and hasn't come to enough The phrase “Green New Deal” is a shorthand for the approach we need: tackling climate change through a great civil mobilisation of people into purposeful work. It was coined in Britain, under the auspices of the New Economic Foundation a decade ago, although the time didn’t prove right. The need to argue for a clear plan and keep pushing for it We can agree that children need an education, but each party has its own ideas on how it is best done, and the contest between them is healthy. If the climate needs a similar contest of plans, we shouldn’t shrink from that. Especially on the details, "Net zero carbon" means different things to different people There is a reason why Britain’s carbon emissions are so low: we’ve outsourced them. Steel made here in the UK counts towards our emissions. But steel made in China, shipped to the UK, used by a UK manufacturer and then sold to a UK consumer counts towards China’s emissions—and not ours. Quoting Dieter Helm professor of energy policy at Oxford: "If you really want to reduce global warming… it doesn’t matter where emissions take place, and therefore the only way to judge it is with carbon consumption." https://www.prospectmagazine.co.uk/features/ed-miliband-climate-change-economy-save-planet#widget_user GND Stuff Ciarán Read PODEMOS’S GREEN NEW DEAL an interview with TXEMA GUIJARRO a member of Spanish Parliament with Podemos, the interview was conducted 28/4/19 In response to concrete left vision "The two touchstones of our program are our Green New Deal package and the series of measures we are proposing as a response to the demands of the feminist movement. If I had to highlight two clear transformative proposals, in particular, I would first point to our commitment to establish a number of strategic public companies. This will include a state investment bank so as to secure Spain’s energy transition to 100 percent renewables over the next 20 years. We are also proposing to create a public energy company, building on the great work at a municipal level in places like Barcelona where we have been governing with our allies in Barcelona en Comú. The creation of a public distribution company will be key in a context in which we have to undertake a profound transformation of all energy production. This will obviously come into conflict, however, with the interests of the existing energy giants. The energy market in Spain is really a cartel, with some of the highest prices in Europe. And so we are also aiming to challenge this capture of the market by establishing such a national company." Drilling into this further TG brings up creating "a program of mass public employment, the likes of which have never really been seen in Spain before. We are talking about the creation of hundreds of thousands of new jobs." The particular concern in Spain is Desertification where it's not unrealistic to say the Sahara starts in Spain now. The Sun and Waves are the major untapped energy sources "My colleague Jaume Asens said the other day that if the planet was a bank, it would have been bailed out by now." https://jacobinmag.com/2019/04/podemos-green-new-deal-pablo-iglesias/ THE GREEN NEW DEAL’S FIVE FREEDOMS an outline of the benefits, maybe more social, of an American GND, inspired by FDR's Economic Bill of Rights (that never got fully realised) Interesting things this article mentions are programs that would aid people by guaranteeing rights to food, water and a storm proof shelter as a means of avoiding the (almost inevitable) conflict that Climate Change would bring over such things. The article argues a distinction between work and toil, freedom to work, freedom from toil. Also suggests free public transport as a means of moving away from personal transport and a borderless society to help people deal with the local environmental catastrophes https://jacobinmag.com/2019/02/green-new-deal-four-freedoms-fdr/ A GREEN NEW DEAL FOR THE UK The Labour Party's John McDonnell on how a "Green Industrial Revolution" can advance a radical program against climate change Jeremy quote "Just as the US GI Bill gave education, housing and income support to every unemployed veteran returning from the Second World War, the next Labour Government will guarantee that all energy workers are offered retraining, a new job on equivalent terms and conditions covered by collective agreements, and fully supported in their housing and income needs through transition." John argues that Labour has a focus on guaranteeing a good quality of life for the working class during a Green transition as historically economic transitions have fucked them (mentioning Thatcher's deindustrialisation of the UK). Mentions his thoughts that an invocation of the New Deal will work for Yanks but tying it to the idea of the industrial revolution would work better for Brits. A pamphlet at a Labour Party Confrence (Green Transformation) argued for attempting to reverse the decline of biodiversity (amongst other things) which I don't see brought up enough. Removing British companies from the London stock exchange if they don't meet green criteria is also an interesting idea. https://jacobinmag.com/2019/05/john-mcdonnell-labour-green-industrial-revolution/ A GREEN NEW DEAL FOR EUROPE A Barcelona graduate, policy wonk and activist talk about their plan for the EU wide GND Generating 100 percent of energy from renewables by 2050, improving drinking water infrastructure, guaranteeing a “green” job to every adult. Points out that Podemos' green turn is relatively recent, Más Madrid's public object library plan is cool. Ada Colau of Barcelona has accomplished a lot in Barcelona which colours Spain's more municipalist solutions. "As Jane McAlevey explained in a recent article for Jacobin, the much-needed alliances between trade unions and environmentalists remain rare." pointing to union examples of advocating for expansion of airports etc etc. "Similarly in France, Emmanuel Macron has abandoned his initial “environmentalist” posture — as a petition signed by more than two million people recently reminded him. Indeed, his only green minister, the well-known activist Nicolas Hulot, resigned after noting the president’s indifference towards climate questions." The article points out that the actions of the green parties in France/Germany are insufficiently radical to combat climate change. https://www.jacobinmag.com/2019/05/europe-ecosocialism-green-new-deal-labour-melenchon-podemos PIE IN THE SKY: workplace temp regulation

The concept of cultural diversity lies at the heart of the European project. Recent years have seen renewed interest in the sector's potential for promoting social cohesion, unity and tolerance, on the one hand, with continued recognition of its valuable economic role, on the other. There is a strong commitment at the EU level to ensure that culture is mainstreamed in all policy areas, with a special focus on the protection of cultural heritage and cultural diversity, which are key elements in cultural identity and expression. From the economic point of view, the cultural and creative sector, which employs 8.4 million people in the European Union, is dynamic and has a large potential for growth due to its diversity and scope for individual creative freedom. Yet the development of this potential is hampered by barriers, notably linguistic diversity, fragmentation and different financial mechanisms across the EU. The EU's cultural and creative industry also faces challenge from digital technologies and global competition, particularly from the United States' (US) audiovisual industry, and from US and Chinese diplomatic efforts to promote their cultural output. Under the Treaty on the Functioning of the European Union, the EU's role in the context of cultural policy is a supportive and complementary one, direct responsibility in the area being largely a matter for the individual Member States. Nevertheless, since 2014, these challenges have been addressed at the EU level, inter alia via the strengthening of the digital single market, which is essential for access to culture, the circulation of European cultural works, the fair remuneration of creators and fair competition. Since the economic crisis, additional funding has also been made available for the sector via the European Fund for Strategic Investment introduced by the Juncker Commission in 2015. As indicated in a 2017 European Commission communication on the role of culture and education, the synergies between the socio-economic aspects are to be enhanced. The European Year of Cultural Heritage in 2018 is to feed into a reflection and actions related to shared culture and history. These issues are addressed in the New European Agenda for Culture, while the new multiannual financial framework for 2021-2027 envisages increased funding for culture. This will also support efforts to combine artistic and technological skills, which are a prerequisite for artistic expression in the new digital environment.https://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2018)623555 Source: © European Union - EP

Through its industrial policy, the European Union (EU) has been striving to create conditions conducive to increasing industry growth and competitiveness since 1992. European industry remains a cornerstone of the economy, providing one job out of five and is responsible for the bulk of EU exports and investment in research and innovation. Today, the aim of EU policy is to enable a successful transformation towards a digital, knowledge-based, decarbonised and more circular industry in Europe. To reach this goal, the EU supports, coordinates or supplements Member State level policies and actions, mainly in the areas of research and innovation, SMEs and digital technologies. In a recent Eurobarometer poll conducted for the European Parliament, more than half of EU citizens expressed support for increased EU action on industrial policy. Despite this, it is still the least understood policy area covered in the poll. Since 2014, efforts have been made in a number of areas, including investment (mainly through the European Fund for Strategic Investment, which supports industrial modernisation); digitalisation (for example setting up a number of research partnerships, or a growing network of digital innovation hubs); financing (making it easier for industry and SMEs to access public markets and attract venture funds); greener industry (for example through the revised 2030 emission targets, or measures on clean mobility); standardisation (bringing together relevant stakeholders to collectively develop and update European standards); and skills (mobilising key stakeholders to close the skills gap and providing an adequate workforce for modern industry). The European Parliament has called for ambitious policies in many of these areas. In the future, EU spending on key areas relevant to industrial policy is expected to rise moderately. The European Commission proposes to boost the share of EU spending on research, SMEs and key infrastructure, although not as much as Parliament has requested. In the coming years, policies are likely to focus on fairer global competition, stimulating innovation, building digital capacities and increasing the sustainability of European industry.https://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2018)630309 Source: © European Union - EP

Through its industrial policy, the European Union (EU) has been striving to create conditions conducive to increasing industry growth and competitiveness since 1992. European industry remains a cornerstone of the economy, providing one job out of five and is responsible for the bulk of EU exports and investment in research and innovation. Today, the aim of EU policy is to enable a successful transformation towards a digital, knowledge-based, decarbonised and more circular industry in Europe. To reach this goal, the EU supports, coordinates or supplements Member State level policies and actions, mainly in the areas of research and innovation, SMEs and digital technologies. In a recent Eurobarometer poll conducted for the European Parliament, more than half of EU citizens expressed support for increased EU action on industrial policy. Despite this, it is still the least understood policy area covered in the poll. Since 2014, efforts have been made in a number of areas, including investment (mainly through the European Fund for Strategic Investment, which supports industrial modernisation); digitalisation (for example setting up a number of research partnerships, or a growing network of digital innovation hubs); financing (making it easier for industry and SMEs to access public markets and attract venture funds); greener industry (for example through the revised 2030 emission targets, or measures on clean mobility); standardisation (bringing together relevant stakeholders to collectively develop and update European standards); and skills (mobilising key stakeholders to close the skills gap and providing an adequate workforce for modern industry). The European Parliament has called for ambitious policies in many of these areas. In the future, EU spending on key areas relevant to industrial policy is expected to rise moderately. The European Commission proposes to boost the share of EU spending on research, SMEs and key infrastructure, although not as much as Parliament has requested. In the coming years, policies are likely to focus on fairer global competition, stimulating innovation, building digital capacities and increasing the sustainability of European industry.http://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2018)630309 Source: © European Union - EP

The concept of cultural diversity lies at the heart of the European project. Recent years have seen renewed interest in the sector's potential for promoting social cohesion, unity and tolerance, on the one hand, with continued recognition of its valuable economic role, on the other. There is a strong commitment at the EU level to ensure that culture is mainstreamed in all policy areas, with a special focus on the protection of cultural heritage and cultural diversity, which are key elements in cultural identity and expression. From the economic point of view, the cultural and creative sector, which employs 8.4 million people in the European Union, is dynamic and has a large potential for growth due to its diversity and scope for individual creative freedom. Yet the development of this potential is hampered by barriers, notably linguistic diversity, fragmentation and different financial mechanisms across the EU. The EU's cultural and creative industry also faces challenge from digital technologies and global competition, particularly from the United States' (US) audiovisual industry, and from US and Chinese diplomatic efforts to promote their cultural output. Under the Treaty on the Functioning of the European Union, the EU's role in the context of cultural policy is a supportive and complementary one, direct responsibility in the area being largely a matter for the individual Member States. Nevertheless, since 2014, these challenges have been addressed at the EU level, inter alia via the strengthening of the digital single market, which is essential for access to culture, the circulation of European cultural works, the fair remuneration of creators and fair competition. Since the economic crisis, additional funding has also been made available for the sector via the European Fund for Strategic Investment introduced by the Juncker Commission in 2015. As indicated in a 2017 European Commission communication on the role of culture and education, the synergies between the socio-economic aspects are to be enhanced. The European Year of Cultural Heritage in 2018 is to feed into a reflection and actions related to shared culture and history. These issues are addressed in the New European Agenda for Culture, while the new multiannual financial framework for 2021-2027 envisages increased funding for culture. This will also support efforts to combine artistic and technological skills, which are a prerequisite for artistic expression in the new digital environment.http://www.europarl.europa.eu/thinktank/en/document.html?reference=EPRS_BRI(2018)623555 Source: © European Union - EP

The European Fund for Strategic Investments (EFSI) hits a big target today. We mark the delivery of €315 billion in investment through this programme by turning A Dictionary of Finance into an EFSI podcast with Iliyana Tsanova, deputy managing director of EFSI. She lays out the reasoning behind the programme, which was created as part of Europe's response to the global financial crisis. Administered by the European Investment Bank, EFSI consists of a guarantee from the EU budget and some billions of EIB capital. The aim: to support viable projects that were, nonetheless, failing to find market financing. The projects were, in fact, falling through the cracks of market gaps. (You'll find out what a market gap is in the podcast too.) The original target set for the EIB was to invest in projects that would trigger €315 billion of investment after three years. That's the landmark that has been reached today, and so we put out a special issue of the podcast to mark the occasion. Hosted on Acast. See acast.com/privacy for more information.

Jyrki Katainen, vice-president at the European Commission responsible for Jobs, Growth, Investment and Competitiveness, talks to Paul Adamson about the new European Fund for Strategic Investment.

Jyrki Katainen, vice-president at the European Commission responsible for Jobs, Growth, Investment and Competitiveness, talks to Paul Adamson about the new European Fund for Strategic Investment.