![](https://news.europawire.eu/wp-content/uploads/2023/02/EIB-and-EIF-support-regional-development-and-sustainable-innovation-in-Czech-Republic.jpg)
EIB and EIF support regional development and sustainable innovation in Czech Republic with €1.85B investment in 2022
(IN BRIEF) The European Investment Bank Group, consisting of the European Investment Bank and the European Investment Fund, invested €1.85 billion in the Czech Republic in 2022 to support regional development, improve sustainable development and innovation in small and medium enterprises and mid-caps, and secure energy supply and climate action. The EIB lent €1.78 billion through 12 operations in the public, private, and banking sector, while the EIF provided an additional €70 million in four equity, guarantee, and inclusive finance operations. The Bank partnered with the Czech government to provide €200 million to host Ukrainian refugees, contributing to the national health sector. The Czech Republic also became the 9th donor to the Trust Fund for the Eastern Partnership countries by contributing €10 million. The EIB Group’s financing in 2022, a record 19.4 billion euros, went to support clean energy, including a loan of €790 million to the Czech national utility company to upgrade and expand the country’s electricity distribution grid and promote energy independence through new renewable energy sources.
(PRESS RELEASE) LUXEMBOURG, 8-Feb-2023 — /EuropaWire/ — The European Investment Bank (EIB), the lending arm of the European Union, and the European Investment Fund (EIF), made a significant investment of €1.85 billion in the Czech Republic in 2022 with the aim of promoting regional development, fostering sustainable innovation in small and medium enterprises and mid-caps, and ensuring stability and efficiency in energy supply and climate action.
This investment is part of the EIB Group’s larger efforts to support the European Union and partner countries during these challenging times. The group has been at the forefront of efforts to help the EU and its partners cope with the economic consequences of the Russian attack on Ukraine, having deployed over €1.7 billion since the beginning of the conflict, in addition to providing €3.6 million in humanitarian aid donations outside of the EU.
The EIB Group also partnered with the Czech government to provide €200 million to assist in hosting Ukrainian refugees, primarily to finance expenses related to the national health sector. To accelerate project preparation and support the recovery of Ukraine, the Czech Republic became the 9th donor under the Trust Fund for the Eastern Partnership Countries by contributing €10 million to the fund.
In 2022, a record 19.4 billion euros of the EIB Group’s financing globally was dedicated to supporting clean energy initiatives. The group is committed to supporting the REPowerEU initiative, which aims to end European dependency on Russia, and invested over €17 billion last year in projects that contribute to this objective.
At a time when energy security is a critical concern, the EIB signed several major operations in the Czech corporate sector, including a record loan of €790 million within an investment program that spans 2023-2024 with the Czech national utility company ČEZ. The loan aims to upgrade and expand the country’s electricity distribution grid and promote Czech energy independence by enabling ČEZ to connect around 2.2 GW of new renewable energy sources.
In conclusion, the European Investment Bank Group’s €1.85 billion investment in the Czech Republic in 2022 will play a crucial role in promoting regional development, innovation, stability, and sustainability in the country. With its continued support of the EU and partner countries, the group is demonstrating its commitment to promoting a fair transition to a more sustainable energy system, and creating long-term value for everyone by ensuring access to reliable and cleaner energy.
Vice-President of the EIB, Lilyana Pavlova, in charge of operations in Czech Republic, said: „We are proud to be an integral part of the Czech success story and its transformation into a modern and globally competitive economy in the last 30 years. In 2022, we signed twelve operations, including a record deal in the energy sector, which is one of our flagship investments supporting the EU to escape the shackles of fossil-fuel dependency, meet its climate goals and contribute to the decarbonisation of the global economy. Moving ahead we will keep our strong focus on supporting the Czech economy ensuring just transition, decarbonisation of the industry, deployment of renewables, energy efficient solutions and green transport. We are committed to bring another layer of the boost for the Czech companies, households, and infrastructure, by delivering on the Memorandum of Understanding signed in November with the Ministers of Transport and Finance on the modernization of the Czech railway sector. I would like to thank our partners, especially the Government, for the opportunity to contribute to a strong Czech economy.”
Jiří Valenta, the Deputy Minister of Finance of the Czech Republic, commented: „I appreciate the activities of the European Investment Bank in the Czech economy and I believe the Bank will stay our strong and reliable financial partner for more than another 30 years. Since 1992, the EIB has invested a total of EUR 27.6 billion in the Czech Republic. In the context of the current geopolitical risks, we must continue to reduce our dependence on Russian fossil fuel imports and our priority remains investment in the development of nuclear energy and renewable energy, while respecting the climate targets. Equally important for us will be increased investment in the defence of our country.”
European Investment Bank and European Investment Fund Invest Over €27.57 Billion in Czech Republic to Support Businesses, Climate Action, and Efficient Energy Supply
The European Investment Bank (EIB) and European Investment Fund (EIF) have invested over €27.57 billion in the Czech Republic since 1992 to support key sectors of the economy. Last year, the EIB invested in three public sector operations, six with banks, and three with Czech corporations. It directed €91.6 million to CEPS to reinforce the Czech electricity transmission network from 2023 to 2025, €36.7 million to Ceske Drahy to modernize its rolling stock, and €9.9 million to Codasip and €5.5 million to Advanced Electronics RDI to support innovation. The EIB also partnered with Czech banks to provide accessible loans to SMEs and mid-caps, with a total envelope of €646 million.
The EIF invested €67.2 million in equity and guarantees for SMEs and mid-cap loans in three operations with financial institutions, and a new program with the Ministry of Industry and Trade is launching to target digital technologies through commitments to a pre-seed co-investment fund, a fintech/blockchain fund, and an AI university TT fund.
EIB Advisory Services continue to provide valuable support to the Czech government and public and private sector to improve energy efficiency and attract additional EU funds. Assignments include development of a project pipeline in the rail and road sectors, advising on the development of cycling infrastructure in Brno, and energy efficiency improvement projects in publicly and privately owned buildings. The EIB Advisory Hub also engaged extensively with Czech counterparts about support in the social and affordable housing sector.
Most ongoing assignments of Joint Assistance to Support Projects in European Regions (JASPERS) in the Czech Republic are in support of development of a project pipeline, including a strategy for implementation of TEN-T technical standards and concepts for the Czech high speed rail network and Prague rail node development.
European Local Energy Assistance (ELENA) works on three energy efficiency improvement projects of publicly and privately owned buildings in the country that receive over €10 million in grants in efforts to attract EUR €267 million for energy efficiency measures.
Background information:
The European Investment Bank (EIB) finances projects in four priority areas — infrastructure, innovation, climate and environment, and small and medium-sized enterprises (SMEs). Since the beginning of its lending operations in Slovakia in 1992, the EIB has invested €9.7 billion across key economic sectors — including small and medium-sized enterprises (SMEs), transport, infrastructure, and energy. One of the EIB’s main activities in Slovakia is to help SMEs and to improve their access to long-term financing by creating credit lines with local financial institutions.
The EIB Global finances sound investment contributing to EU policy goals, including a global just transition to climate neutrality. A subsidiary of the EIB, the European Invest Fund (EIF) is Europe’s largest venture capital and private equity financier.
At a press conference held in Brussels on 2 February 2023, the EIB Group also unveiled a new logo, which aligns its corporate branding and visual identity with that of the other EU institutions and bodies. The new logo is based on two main elements: the European flag and a graphic element representing the silhouette of the EIB Group’s headquarters in Luxembourg.
About REPowerEU The new co-investment initiative will allow Inven Capital to continue in its mission to invest in and support the growth of clean-tech start-ups with innovations that can scale positive change and eliminate negative planetary impact, focusing mainly on the topic of decarbonization and sustainability. The cooperation also furthers the objectives of the European Commission’s REPowerEU plan aiming to save and produce clean energy and diversify our energy supplies and is backed by financial and legal means to build the new energy infrastructure that Europe needs. REPowerEU sets out a series of measures to rapidly reduce dependence on Russian fossil fuels and fast-forward the green transition, while increasing energy system resilience EU-wide. The plan is based on finding alternative energy supplies, making behavioural changes to save energy and spurring investment in renewable energy.
Media contact:
Katarina Karmazinova
k.karmazinova@ext.eib.org
+352 4379 – 70217
Press Office
press@eib.org
+352 4379 – 21000
SOURCE: European Investment Bank
- Astor Asset Management 3 Ltd: Salinas Pliego Incumple Préstamo de $110 Millones USD y Viola Regulaciones Mexicanas
- Astor Asset Management 3 Ltd: Salinas Pliego Verstößt gegen Darlehensvertrag über 110 Mio. USD und Mexikanische Wertpapiergesetze
- ChargeEuropa zamyka rundę finansowania, której przewodził fundusz Shift4Good tym samym dokonując historycznej francuskiej inwestycji w polski sektor elektromobilności
- Strengthening EU Protections: Robert Szustkowski calls for safeguarding EU citizens’ rights to dignity
- Digi Communications NV announces the release of H1 2024 Financial Results
- Digi Communications N.V. announces that conditional stock options were granted to a director of the Company’s Romanian Subsidiary
- Digi Communications N.V. announces Investors Call for the presentation of the H1 2024 Financial Results
- Digi Communications N.V. announces the conclusion of a share purchase agreement by its subsidiary in Portugal
- Digi Communications N.V. Announces Rating Assigned by Fitch Ratings to Digi Communications N.V.
- Digi Communications N.V. announces significant agreements concluded by the Company’s subsidiaries in Spain
- SGW Global Appoints Telcomdis as the Official European Distributor for Motorola Nursery and Motorola Sound Products
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2023 financial year
- Digi Communications N.V. announces the exercise of conditional share options by the executive directors of the Company, for the year 2023, as approved by the Company’s Ordinary General Shareholders’ Meetings from 18th May 2021 and 28th December 2022
- Digi Communications N.V. announces the granting of conditional stock options to Executive Directors of the Company based on the general shareholders’ meeting approval from 25 June 2024
- Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report
- Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall
- SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests
- WickedBet Unveils Exciting Euro 2024 Promotion with Boosted Odds
- Museum of Unrest: a new space for activism, art and design
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group
- Digi Communications N.V. announces the agreements concluded by Digi Romania (formerly named RCS & RDS S.A.), the Romanian subsidiary of the Company
- Green Light for Henri Hotel, Restaurants and Shops in the “Alter Fischereihafen” (Old Fishing Port) in Cuxhaven, opening Summer 2026
- Digi Communications N.V. reports consolidated revenues and other income of EUR 447 million, adjusted EBITDA (excluding IFRS 16) of EUR 140 million for Q1 2024
- Digi Communications announces the conclusion of Facilities Agreements by companies from Digi Group
- Digi Communications N.V. Announces the convocation of the Company’s general shareholders meeting for 25 June 2024 for the approval of, among others, the 2023 Annual Report
- Digi Communications NV announces Investors Call for the presentation of the Q1 2024 Financial Results
- Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024
- Digi Communications N.V. announces the availability of the Romanian version of the 2023 Annual Report
- Digi Communications N.V. announces the availability of the 2023 Annual Report
- International Airlines Group adopts Airline Economics by Skailark ↗️
- BevZero Spain Enhances Sustainability Efforts with Installation of Solar Panels at Production Facility
- Digi Communications N.V. announces share transaction made by an Executive Director of the Company with class B shares
- BevZero South Africa Achieves FSSC 22000 Food Safety Certification
- Digi Communications N.V.: Digi Spain Enters Agreement to Sell FTTH Network to International Investors for Up to EUR 750 Million
- Patients as Partners® Europe Announces the Launch of 8th Annual Meeting with 2024 Keynotes and Topics
- driveMybox continues its international expansion: Hungary as a new strategic location
- Monesave introduces Socialised budgeting: Meet the app quietly revolutionising how users budget
- Digi Communications NV announces the release of the 2023 Preliminary Financial Results
- Digi Communications NV announces Investors Call for the presentation of the 2023 Preliminary Financial Results
- Lensa, един от най-ценените търговци на оптика в Румъния, пристига в България. Първият шоурум е открит в София
- Criando o futuro: desenvolvimento da AENO no mercado de consumo em Portugal
- Digi Communications N.V. Announces the release of the Financial Calendar for 2024
- Customer Data Platform Industry Attracts New Participants: CDP Institute Report
- eCarsTrade annonce Dirk Van Roost au poste de Directeur Administratif et Financier: une décision stratégique pour la croissance à venir
- BevZero Announces Strategic Partnership with TOMSA Desil to Distribute equipment for sustainability in the wine industry, as well as the development of Next-Gen Dealcoholization technology
- Digi Communications N.V. announces share transaction made by a Non-Executive Director of the Company with class B shares
- Digi Spain Telecom, the subsidiary of Digi Communications NV in Spain, has concluded a spectrum transfer agreement for the purchase of spectrum licenses
- Эксперт по торговле акциями Сергей Левин запускает онлайн-мастер-класс по торговле сырьевыми товарами и хеджированию
- Digi Communications N.V. announces the conclusion by Company’s Portuguese subsidiary of a framework agreement for spectrum usage rights
- North Texas Couple Completes Dream Purchase of Ouray’s Iconic Beaumont Hotel
- Предприниматель и филантроп Михаил Пелег подчеркнул важность саммита ООН по Целям устойчивого развития 2023 года в Нью-Йорке
- Digi Communications NV announces the release of the Q3 2023 Financial Results
- IQ Biozoom Innovates Non-Invasive Self-Testing, Empowering People to Self-Monitor with Laboratory Precision at Home
- BevZero Introduces Energy Saving Tank Insulation System to Europe under name “BevClad”
- Motorvision Group reduces localization costs using AI dubbing thanks to partnering with Dubformer
- Digi Communications NV Announces Investors Call for the Q3 2023 Financial Results
- Jifiti Granted Electronic Money Institution (EMI) License in Europe
- Предприниматель Михаил Пелег выступил в защиту образования и грамотности на мероприятии ЮНЕСКО, посвящённом Международному дню грамотности
- VRG Components Welcomes New Austrian Independent Agent
- Digi Communications N.V. announces that Digi Spain Telecom S.L.U., its subsidiary in Spain, and abrdn plc have completed the first investment within the transaction having as subject matter the financing of the roll out of a Fibre-to-the-Home (“FTTH”) network in Andalusia, Spain
- Продюсер Михаил Пелег, как сообщается, работает над новым сериалом с участием крупной голливудской актрисы
- Double digit growth in global hospitality industry for Q4 2023
- ITC Deploys Traffic Management Solution in Peachtree Corners, Launches into United States Market
- Cyviz onthult nieuwe TEMPEST dynamische controlekamer in Benelux, Nederland
- EU-Funded CommuniCity Launches its Second Open Call
- Astrologia pode dar pistas sobre a separação de Sophie Turner e Joe Jonas
- La astrología puede señalar las razones de la separación de Sophie Turner y Joe Jonas
- Empowering Europe against infectious diseases: innovative framework to tackle climate-driven health risks
- Montachem International Enters Compostable Materials Market with Seaweed Resins Company Loliware
- Digi Communications N.V. announces that its Belgian affiliated companies are moving ahead with their operations
- Digi Communications N.V. announces the exercise of conditional share options by an executive director of the Company, for the year 2022, as approved by the Company’s Ordinary General Shareholders’ Meeting from 18 May 2021
- Digi Communications N.V. announces the availability of the instruction regarding the payment of share dividend for the 2022 financial year
- Digi Communications N.V. announces the availability of the 2022 Annual Report
- Digi Communications N.V. announces the general shareholders’ meeting resolutions from 18 August 2023 approving amongst others, the 2022 Annual Accounts
- Русские эмигранты усиливают призывы «Я хочу, чтобы вы жили» через искусство
- BevZero Introduces State-of-the-Art Mobile Flash Pasteurization Unit to Enhance Non-Alcoholic Beverage Stability at South Africa Facility
- Russian Emigrés Amplify Pleas of “I Want You to Live” through Art
- Digi Communications NV announces the release of H1 2023 Financial Results
- Digi Communications NV Announces Investors Call for the H1 2023 Financial Results
- Digi Communications N.V. announces the convocation of the Company’s general shareholders meeting for 18 August 2023 for the approval of, among others, the 2022 Annual Report
- “Art Is Our Weapon”: Artists in Exile Deploy Their Talents in Support of Peace, Justice for Ukraine
- Digi Communications N.V. announces the availability of the 2022 Annual Financial Report
- “AmsEindShuttle” nuevo servicio de transporte que conecta el aeropuerto de Eindhoven y Ámsterdam
- Un nuovo servizio navetta “AmsEindShuttle” collega l’aeroporto di Eindhoven ad Amsterdam
- Digi Communications N.V. announces the conclusion of an amendment agreement to the Facility Agreement dated 26 July 2021, by the Company’s Spanish subsidiary
- Digi Communications N.V. announces an amendment of the Company’s 2023 financial calendar
- iGulu F1: Brewing Evolution Unleashed
- Почему интерактивная «Карта мира» собрала ключевые антивоенные сообщества россиян по всему миру и становится для них важнейшим инструментом
- Hajj Minister meets EU ambassadors to Saudi Arabia
- Online Organizing Platform “Map of Peace” Emerges as Key Tool for Diaspora Activists
- Digi Communications N.V. announces that conditional stock options were granted to executive directors of the Company based on the general shareholders’ meeting approval from 18 May 2021
- Digi Communications N.V. announces the release of the Q1 2023 financial results
- AMBROSIA – A MULTIPLEXED PLASMO-PHOTONIC BIOSENSING PLATFORM FOR RAPID AND INTELLIGENT SEPSIS DIAGNOSIS AT THE POINT-OF-CARE
- Digi Communications NV announces Investors Call for the Q1 2023 Financial Results presentation
- Digi Communications N.V. announces the amendment of the Company’s 2023 financial calendar
- Digi Communications N.V. announces the conclusion of two Facilities Agreements by the Company’s Romanian subsidiary
- Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by the Company’s Romanian subsidiary
- Patients as Partners Europe Returns to London and Announces Agenda Highlights
- GRETE PROJECT RESULTS PRESENTED TO TEXTILE INDUSTRY STAKEHOLDERS AT INTERNATIONAL CELLULOSE FIBRES CONFERENCE
- Digi Communications N.V. announces Digi Spain Telecom S.L.U., its subsidiary in Spain, entered into an investment agreement with abrdn to finance the roll out of a Fibre-to-the-Home (FTTH) network in Andalusia, Spain
- XSpline SPA / University of Linz (Austria): the first patient has been enrolled in the international multicenter clinical study for the Cardiac Resynchronization Therapy DeliveRy guided by non-Invasive electrical and VEnous anatomy assessment (CRT-DRIVE)
- Franklin Junction Expands Host Kitchen® Network To Europe with Digital Food Hall Pioneer Casper
- Unihertz a dévoilé un nouveau smartphone distinctif, Luna, au MWC 2023 de Barcelone
- Unihertz Brachte ein Neues, Markantes Smartphone, Luna, auf dem MWC 2023 in Barcelona
- Editor's pick archive....