The EU has a framework in place to establish a single market for investment funds across EU borders, and to ensure that EU citizens’ investments are protected. But not all of its ambitious goals have been achieved, says the European Court of Auditors in a special report published today, and many potential benefits for investors Read more about Benefits of EU single market for investment funds still largely unrealised[…]
There was not enough emphasis on durability of results in the management of EU Regional Development support for productive investments in European businesses between 2000 and 2013, according to a new report from the European Court of Auditors. The auditors concluded that the results of around one in five projects did not last beyond completion Read more about EU support for productive investments in business needs greater focus on durability, say Auditors[…]
EFSA conducted a robust ex ante evaluation of its grant and procurement projects (Box 2), uses a guidance scheme to assist management in deciding upon the most appropriate funding mechanism and has made use of simplified cost options where appropriate. The verification procedures for financial grants implementation were further enhanced in spring 2015. For the Read more about Agencies’ use of grants: not always appropriate or demonstrably effective[…]
Real action, and not just words, will be needed if the European Institute of Innovation and Technology (EIT) is to achieve its objective of bringing together the worlds of education, science and business, according to the European Court of Auditors. In a recent report, the auditors warned that the EIT is impeded in its effectiveness by Read more about “Real action, not just words” needed from European Institute of Innovation and Technology, say EU auditors[…]
The European Institute of Innovation and Technology (EIT), set up to bring together the worlds of education, science and business, is impeded in its effectiveness by a complex operational framework and management problems, according to a new report by the European Court of Auditors. With a budget of €2.7 billion over the 2008-2020 period, the Read more about European Institute of Innovation and Technology hampered by “complex framework and management problems”, say EU auditors[…]