[ParlTrack]

Maria SPYRAKI, Lambert van NISTELROOIJ, Andrey NOVAKOV

Proposal for a regulation
Recital 2

(2) Comprehensive action is required to reverse the vicious circle created by a lack of investment. Structural reforms and fiscal responsibility are necessary preconditions for stimulating investment, although there is room for flexibility in order to provide incentives for creating an investment inducing environment in all Member States. Along with a renewed impetus towards investment financing, these preconditions can contribute to establishing a virtuous circle, where investment projects help support employment and demand and lead to a sustained increase in growth potential.

2015/03/06
Committee: REGI

Maria SPYRAKI, Andrey NOVAKOV, Lambert van NISTELROOIJ

Proposal for a regulation
Article 2 – paragraph 2 – subparagraph 2

To meet that objective, the EIAH shall use the expertise of the EIB, the Commission, technical assistance experts, national promotional banks and the managing authorities of the European Structural and Investment Funds.

2015/03/06
Committee: REGI

Tomáš ZDECHOVSKÝ, Andrey NOVAKOV

Proposal for a regulation
Article 12 – paragraph 4

4. The EIB and EIF shall on a regular basis provide the European Parliament, the Council and the Commission with all their independent evaluation reports which assess the practical results achieved by the specific activities of the EIB and EIF under this Regulation, focusing on outcomes and impacts.

2015/03/24
Committee: CONT

Tomáš ZDECHOVSKÝ, Andrey NOVAKOV

Proposal for a regulation
Article 12 – paragraph 5

5. At the latest [PO insert date three years after the entry into force of this Regulation], the Commission shall submit a report to the European Parliament and the Council on the application of this Regulation, including assessment of the value added of the EFSI and its additionality to existing EU funding instruments, accompanied by any relevant proposal for improvements.

2015/03/24
Committee: CONT

Andrey NOVAKOV, Vladimir URUTCHEV, Siegfried MUREŞAN, Lambert van NISTELROOIJ, Tomáš ZDECHOVSKÝ

Proposal for a regulation
Recital 11

(11) The EFSI should support strategic investments with high economic and societal value added contributing to achieving Union policy objectives in synergy and additionality with existing EU operations, including the 2014-2020 cohesion policy. The EFSI should improve the competitiveness of the European enterprises through enhancing the access to funding, supporting innovation and research, and lead to the enhancement of the regulatory environment.

2015/03/19
Committee: BUDG ECON

Andrey NOVAKOV, Vladimir URUTCHEV, Siegfried MUREŞAN, Lambert van NISTELROOIJ

Proposal for a regulation
Recital 14

(14) The EFSI should target projects delivering high societal and economic value. In particular, the EFSI should target projects that ~~promo~~create job ~~creation~~s, long- term growth, innovation and competitiveness. The EFSI should support a wide range of financial products, including equity, debt or guarantees, to best accommodate the needs of the individual project. This wide range of products should allow the EFSI to adapt to market needs whilst encouraging private investment in the projects. The EFSI should not be a substitute for private market finance but should instead catalyse private finance by addressing market failures so as to ensure the most effective and strategic use of public money. The requirement for consistency with State aid principles should contribute to such effective and strategic use.

2015/03/19
Committee: BUDG ECON

Andrey NOVAKOV, Vladimir URUTCHEV, Tomáš ZDECHOVSKÝ, Antonio TAJANI

Proposal for a regulation
Recital 15

(15) The EFSI should target projects with a higher risk~~-return~~ profile than existing EIB and Union instruments to ensure additionality over existing operations. The EFSI should finance projects across the Union, including in the countries most affected by the financial crisis through geographically and sector balanced strategic investments. The EFSI should only be used where financing is not available from other sources on reasonable terms.

2015/03/19
Committee: BUDG ECON

Andrey NOVAKOV, Vladimir URUTCHEV, Tomáš ZDECHOVSKÝ

Proposal for a regulation
Recital 17

(17) Decisions on the use of the EFSI support for infrastructure and large mid- cap projects should be made by an Investment Committee. The Investment Committee should be composed of independent experts who are knowledgeable and experienced in the areas of investment projects. The Investment Committee should be accountable to an independent Steering Board of the EFSI, who should supervise the fulfilment of the EFSI's objectives. To effectively benefit from the experience of the EIF, the EFSI should support funding to the EIF to allow the EIF to undertake individual projects in the areas of small and medium enterprises and small mid-cap companies.

2015/03/19
Committee: BUDG ECON

Andrey NOVAKOV, Vladimir URUTCHEV

Proposal for a regulation
Recital 19

(19) In order to allow for further increase in its resources, participation in the EFSI should be open to third parties, including Member States, national promotional banks or public agencies owned or controlled by Member States, private sector entities and entities outside the Union subject to the consent of existing contributors. Third parties may contribute directly to the EFSI and ~~take part in the EFSI governance structure~~co-finance operations.