EIB official: 200 billion euros needed to create broadband infrastructure in rustic territories of the EU

EIB official: 200 billion euros needed to create broadband infrastructure in rustic territories of the EU

Europe will need to invest approximately €200 billion in order for citizens in its rural areas to have broadband access of at least 100 megabits per second, according to Harald Gruber, the projects head of division of digital infrastructure at the European Investment Bank (EIB). Speaking at an event organised by EURACTIV on 9 July, Gruber emphasised the need to push the private sector in this direction. “Clearly this is not achievable with subsidies, so you have to use public money smartly,” Gruber said, adding that it is essential to…

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EU and India look for more profound exchange ties

EU and India look for more profound exchange ties

Indian and EU leaders vowed to deepen trade ties on Wednesday (15 July) as both face the economic shock of the coronavirus epidemic and rising tensions with China. At a videoconference between Prime Minister Narendra Modi and EU chiefs Ursula von der Leyen and Charles Michel, they laid plans for a ministerial-level trade dialogue. The two giant economies shared bilateral trade of more than $115 billion already last year, but efforts to strike a preferential trade deal have moved slowly. Emerging giant India is traditionally defensive of its right to…

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Conflicts continue on Azerbaijan-Armenia border

Conflicts continue on Azerbaijan-Armenia border

Border clashes erupted again early on Thursday (16 July) between arch-foes Azerbaijan and Armenia after a brief pause the previous day, officials in both countries said, amid a flare-up over a decades-long territorial dispute. At least 16 people on both sides have been killed since border clashes erupted on Sunday between the ex-Soviet republics, which have been locked for decades in a conflict over Azerbaijan’s region of Nagorno Karabakh, occupied by Armenia. The territory was seized by ethnic Armenian separatists in a 1990s war that claimed 30,000 lives, though the…

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