Activities of Georgi PIRINSKI related to 2016/2064(INI)
Plenary speeches (1)
Implementation of the European Fund for Strategic Investments (debate)
Shadow opinions (1)
OPINION on the implementation of the European Fund for Strategic Investments
Amendments (16)
Amendment 7 #
Draft opinion
Recital C
Recital C
C. whereas the EFSI ishould be a significant tool for contributing to economic, social and territorial cohesion as well as supporting job opportunities, namely by providing solid support to SMEs;
Amendment 8 #
Draft opinion
Paragraph 1
Paragraph 1
1. Believes that while the main aim of projects financed under the European Fund for Strategic Investments (EFSI) should be to create growth and a dynamic labour market in Europe, and hence to enhance the well-being of EU citizens it should also contribute to greater territorial, social and economic cohesion among Member States and regions;
Amendment 14 #
Draft opinion
Paragraph 1
Paragraph 1
1. Notes that the EFSI aims at leveraging through the EIB with support from the EU budget a total of EUR 315 billion in extra investment and new projects in the real economy by 2018;
Amendment 14 #
Draft opinion
Paragraph 1 a (new)
Paragraph 1 a (new)
1a. Is deeply concerned by the fact that the majority of EFSI investments are concentrated in the EU top five economies thus creating further divergences; Regrets that there are still a number of Member States where no single EFSI project has been signed or approved;
Amendment 21 #
Draft opinion
Paragraph 2
Paragraph 2
2. Calls on the Commission and the Member States to help SMEs and micro-, micro- enterprises and other local actors such as social enterprises to tap into funding more easily, so as to increase their capacity to implement projects and afford them better access to advisory services and technical support;
Amendment 25 #
Draft opinion
Paragraph 3
Paragraph 3
3. Recalls that the objective of the EFSI, which is supported by the EU budget, unlike other current EIB financing instruments, is to identify distinct, truly additional and innovative and riskier project profiles along with new counterparts from the private sector, as well as to highlight the potential of the EFSI to fund high technology enterprises and future-looking sectors, which should be at the core of the funding programme;
Amendment 37 #
Draft opinion
Paragraph 3
Paragraph 3
3. Calls on the Member States to develop national platforms using the EFSI to invest in high- quality social and health services for new-generation jobs; calls for specific support to social investment on local, regional and national level;
Amendment 38 #
Draft opinion
Paragraph 8
Paragraph 8
8. StressesUrges the EFSI Steering Board and the Investment Committee to ensure that funding for projects ishould not be concentrated in markets or investments where it is less obvious or needed;
Amendment 41 #
Draft opinion
Paragraph 9
Paragraph 9
9. AsksIs concerned that the majority of EFSI investments are concentrated in the EU top five economies thus creating further divergences; asks, in this regard, the EFSI Steering Board and the Investment Committee, and the EIB to correct the current geographical imbalances and sectoral concentration of the EFSI portfolio, namely under the Infrastructure and Innovation Window (IIW) and the Small and Medium-sized Enterprises Window (SMEW), by enhancing its advisory activities for project design in Member States and technical assistance through the European Investment Advisory Hub (EIAH), including the possibility of increasing its budget when justified;
Amendment 47 #
Draft opinion
Paragraph 4
Paragraph 4
4. Calls for the EFSI to operate in closer conjunction with the Structural Fundsand Investment Funds as well as with other EU programmes and initiatives such as COSME, InnovaFin and the Progress Microfinance Facility;
Amendment 55 #
Draft opinion
Paragraph 22
Paragraph 22
22. Insists, for accountability purposes, on that the Investment Committee regularly assesses the development of result- driven investments to be regularly assessed through the scoreboard of indicators by the Investment Committee, with a view to identifying projects that are well- targeted in terms of their effective macro- economic impact or stimulatory effect on growth and job creation, and calls for an objective overview of the additionality and added value of these projects, as well as their consistency with Union policies or other classical EIB operations;
Amendment 55 #
Draft opinion
Paragraph 5
Paragraph 5
5. Calls on the Commission to engage more actively in consultation at local level, especially in cooperation with national investmentpromotional banks; believes that the EFSI should focus in particular on business startup projects and projects tohat reduce unemployment, create social capital and promote cohesion;
Amendment 57 #
Draft opinion
Paragraph 24
Paragraph 24
24. Believes thatUrges for improvement of the transparency of the operations selection process should be improved to includeand disclosure of all operational information on signed operations through the scoreboard of indicators, as well as the accountability of operations; considers, furthermore, that consultation with local and regional authorities should be enhanced and duly documented during assessment of the projects;
Amendment 60 #
Draft opinion
Paragraph 26
Paragraph 26
26. BelieveInsists that transparency be increased and tax provisions should be increasenhanced and reinforced, in particular as regards the provisevention onf tax avoidance;
Amendment 65 #
Draft opinion
Paragraph 6
Paragraph 6
6. Calls on the Commission and the ECIB to increase investment in projects in the outermost and poorest regions, which are particularly handicapped by underinvestment in job opportunities, resulting in unemployment, exclusion, and emigration;
Amendment 93 #
Draft opinion
Paragraph 8
Paragraph 8
8. Calls on the Member States to lay down more clear-cut investment priorities including as regards job-creation and social investment and to draw up projects in collaboration with the European Investment Advisory Hub; calls on the Commission to work in closer cooperation with Member States in the European Semester process in order to help them begin as soon as possible to implement the recommendations, in particular by carrying out economic and social reforms, thus removing national barriers to investment.