European Investment Bank Group appoints Aimilia Pistrika to lead Nicosia Office and strengthen operations in Cyprus

European Investment Bank Group appoints Aimilia Pistrika to lead Nicosia Office and strengthen operations in Cyprus

(IN BRIEF) The European Investment Bank (EIB) Group has appointed Aimilia Pistrika as Head of its Nicosia Office, effective September 1. She succeeds Antonis Papageorgiou, who had served on an interim basis since the office’s inauguration in November by President Nadia Calviño. Pistrika, who has more than ten years of experience at the EIB headquarters in Luxembourg and a strong background in civil engineering, climate finance, and water management, will coordinate the EIB Group’s work in Cyprus and represent the institution at major events. She has also been closely involved in water security and Blue Economy initiatives in Cyprus and previously worked on World Bank-financed water projects in Africa. According to EIB Vice-President Kyriacos Kakouris, her appointment reinforces the EIB Group’s commitment to advancing sustainable infrastructure, energy security, public sector modernization, and climate resilience across Cyprus.

(PRESS RELEASE) LUXEMBOURG, 4-Sep-2025 — /EuropaWire/ — The European Investment Bank (EIB) Group has announced the appointment of Aimilia Pistrika as the new Head of its Nicosia Office, effective September 1. Pistrika, who has worked for over a decade at the EIB’s headquarters in Luxembourg, brings extensive expertise in civil engineering and climate finance to her new role.

She succeeds Antonis Papageorgiou, who had served in an interim capacity since the inauguration of the Nicosia office last November by EIB President Nadia Calviño. As Head of Office, Pistrika will be responsible for coordinating the EIB Group’s activities in Cyprus, supporting the implementation of transformative projects, and representing the Group at key institutional events.

Cyprus presents a distinctive landscape for investment, shaped by its geopolitical importance in the south-eastern Mediterranean as well as pressing economic and environmental challenges. The EIB Group intends to strengthen its engagement in areas such as energy security, education, modernization of public services, and water sector management—all sectors where the country is in need of strategic investment.

“I am deeply honored to take on the role of Head of the EIB Group’s office in Cyprus. Having a permanent presence here is a unique privilege, enabling us to promote investments that respond to Cyprus’s pressing needs in energy, education, public administration, and water security. These areas are crucial for the country’s future development and resilience,” said Aimilia Pistrika.

Pistrika’s experience is rooted in her work at the EIB headquarters in Luxembourg, where she specialized in the water sector and climate finance. She has been involved in numerous initiatives across Cyprus, including water security projects and Blue Economy programs. Her career also spans collaborations with international financial institutions, the European Commission, and global non-profit organizations. Before joining the EIB, she worked in the private sector on World Bank-financed water projects in Africa and contributed to implementing the Water Framework and Floods Directives in Greece and Cyprus. Pistrika holds a PhD from the National Technical University of Athens in cooperation with Delft University in the Netherlands, and an MSc from Imperial College London in the UK.

EIB Vice-President Kyriacos Kakouris welcomed the appointment, stating: “Aimilia has a deep knowledge of the EIB Group and broad experience delivering on its mission. Her appointment represents a clear step forward in our commitment to support sustainable infrastructure, water management, and climate resilience in Cyprus. I am confident she will add great value in strengthening our presence and impact in the country.”

Background information

EIB

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.

Since the first operation in 1981, the EIB Group has invested over €5.5 billion in Cyprus and remains a key partner in the country’s sustainable growth— further underlined by strengthening its local presence and leadership. The bank’s priority sectors in Cyprus are energy security, affordable housing, SMEs and innovation, water and climate resilience.

Read more about the EIB Group’s activities in Cyprus here.

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SOURCE: European Investment Bank