Czech Deputy Finance Minister Marek Mora to join EIB Management Committee as Vice-President

Czech Deputy Finance Minister Marek Mora to join EIB Management Committee as Vice-President

(IN BRIEF) Czech Deputy Finance Minister Marek Mora has been appointed Vice-President of the European Investment Bank, effective 20 October 2025. Nominated by the Czech government and approved by the EIB’s Board of Governors, Mora will replace Kyriacos Kakouris of Cyprus on the bank’s Management Committee. He becomes the first Czech national to hold the position since 2007. Mora brings extensive experience in Czech and EU financial governance, having served as Deputy Finance Minister, Deputy Governor of the Czech National Bank, and in senior roles at the Council of the European Union. EIB President Nadia Calviño said his appointment will strengthen the bank’s mission to drive investment and economic resilience across Europe. The EIB Group has invested nearly €30 billion in Czechia since 1992, supporting green energy, SMEs, and transport infrastructure.

(PRESS RELEASE) LUXEMBOURG, 11-Sep-2025 — /EuropaWire/ — The European Investment Bank (EIB) has announced that Marek Mora, currently Deputy Finance Minister of the Czech Republic, will join its Management Committee as Vice-President on 20 October 2025. He will succeed Kyriacos Kakouris of Cyprus, who has served as Vice-President since 2019.

Mora’s appointment was approved by the EIB Board of Governors, composed of the finance ministers of all 27 EU member states, following his nomination by the Czech government. His selection marks the first time since 2007 that a Czech national has held a Vice-President role at the EIB.

Bringing extensive experience in both Czech and European financial institutions, Mora has served as Deputy Finance Minister since April 2023. Prior to this role, he was Deputy Governor of the Czech National Bank for more than four years, and earlier worked at the Council of the European Union, where he headed the cabinet of the secretary-general before managing budget, tax, and regional policy.

EIB President Nadia Calviño welcomed the appointment, stating: “With his wide-ranging expertise in financial governance and policymaking, Marek Mora will strengthen the EIB’s ability to drive impactful investment across Europe. His leadership will support our mission to boost sustainable growth and resilience across the European Union.”

Accepting the role, Mora commented: “It is a privilege to join the EIB at such a crucial moment for Europe’s economic and climate transition. I look forward to contributing to the bank’s work in promoting sustainable development, supporting innovation, and strengthening economic cohesion.”

Mora succeeds Ivan Pilip, who was the last Czech Vice-President at the EIB, serving from 2004 to 2007.

The EIB Group, which includes the European Investment Fund (EIF), has been active in Czechia since 1992, providing close to €30 billion in financing for projects ranging from green energy and small and medium-sized enterprises (SMEs) to major transport infrastructure such as railways.

Background information

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. The EIB finances investments in eight core priorities that support EU policy objectives: climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and the bioeconomy, social infrastructure, a stronger Europe in a more peaceful and prosperous world and Europe’s capital markets union.

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

Approximately half of the EIB’s financing within the EU targets cohesion regions, where per-capita income is below the EU average, while almost 60% of annual EIB Group investments support climate action and environmental sustainability.

High-quality, up-to-date photos of the organisation’s headquarters for media use are available here.

Media Contact:

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SOURCE: European Investment Bank