Meeting highlights from the Committee for Medicinal Products for Human Use (CHMP) 7-10 December 2020
Fifteen new medicines recommended for approval.
Adam
Europe
ECB extends pandemic emergency longer-term refinancing operations
ECB to offer four additional pandemic emergency longer-term refinancing operations in 2021 allotted on a quarterly basis, each with a tenor of one year. Additional operations provide liquidity backstop to preserve the smooth functioning of the money market during the extended pandemic period.
ECB prolongs support via targeted lending operations for banks that lend to the real economy
Extension by an additional 12 months, to June 2022, of period of favourable interest rates for banks that lend to the real economy Three additional three-year operations in June, September and December 2021 Borrowing allowance raised to 55% of eligible loans
Monetary Policy Decisions
In view of the economic fallout from the resurgence of the pandemic, today the Governing Council recalibrated its monetary policy instruments as follows:
Gulyás: EU Talks ‘Success for Hungary’
Regarding the debate on the European Union’s multiannual budget and its coronavirus recovery package, Gergely Gulyás said Hungary had conducted “intense negotiations” with Polish Prime Minister Mateusz Morawiecki and the EU’s German presidency.
Euro area securities issues statistics: October 2020
The annual growth rate of the outstanding amount of debt securities issued by euro area residents increased from 8.0% in September 2020 to 8.3% in October For the outstanding amount of listed shares issued by euro area residents, the annual growth rate increased from 0.6% in September 2020 to 1.0% in October
Justice Minister: EU Proposal on Rule of Law Mechanism ‘Legal Nonsense’
The European Union’s proposal for a rule of law mechanism is “legal nonsense”, Justice Minister Judit Varga said.
Szijjártó: Ankara EU’s ‘Strategic Partner’
Hungary sees Turkey, whose economy is the strongest among Europe’s neighbours, as a strategic partner of the European Union, Foreign Minister Péter Szijjártó has said in an interview to Turkey’s state news agency.
Szijjártó: Hungary Committed to Moldova Integration
Hungary is committed to supporting the Eastern Partnership programme and Moldova’s European integration, Hungarian Foreign Minister Péter Szijjártó said after talks in Chișinău with his Moldovan counterpart, Aureliu Ciocoi. Szijjártó told a joint press conference that Hungarian experts would provide assistance to the Moldovan finance and agriculture ministries.
Szijjártó: Bulgaria-Hungary Ties Strong
Bulgaria-Hungary ties are strong even in times of crisis, Foreign Minister Péter Szijjártó said after talks with Bulgarian Deputy Prime Minister Marijana Nikolova, adding that one of the effects of the pandemic was to boost bilateral cooperation.