Category Archives: Luxembourg

Press Releases & News from Luxembourg distributed via EuropaWire

Boels Rental Secures €100 Million EIB Financing to Electrify Rental Machinery and Promote Decarbonization

(IN BRIEF) Boels Rental has entered into a €100 million lending agreement with the European Investment Bank (EIB) to advance its decarbonization efforts in the rental machinery and equipment sector. This partnership is expected to serve as a model for … Read the full press release

EIB Approves PLN 2 Billion for ENEA’s Electricity Grid Modernization in Poland, Boosting Sustainability and Energy Reliability

(IN BRIEF) The European Investment Bank (EIB) has given its approval for a second loan tranche of PLN 1 billion to ENEA to support the modernization and renovation of the electricity distribution network in western Poland. This follows the first … Read the full press release

EBRD Sets Investment Record of €2.1 Billion in Ukraine for 2023, Focusing on Recovery and Reconstruction

(IN BRIEF) In 2023, the European Bank for Reconstruction and Development (EBRD) marked a significant increase in investments in Ukraine, deploying a record €2.1 billion, following €1.7 billion in 2022. The EBRD’s investment efforts were directed toward supporting Ukraine’s recovery … Read the full press release

EIB Supports Cold Lake’s Land-Based Arctic Char Farming Project with €28 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has signed a €28 million loan agreement with Cold Lake Invest AB, a Swedish company, to support its innovative project for the sustainable land-based farming of Arctic char. This initiative aims to address … Read the full press release

European Commission, EIB, and ESA Collaborate to Boost European Space Sector

(IN BRIEF) In a significant move, the European Commission, the European Investment Bank (EIB), and the European Space Agency (ESA) have signed a collaboration arrangement to strengthen the European space sector, with a particular focus on small and medium businesses … Read the full press release

Europe’s Largest Solar Panel Gigafactory, 3Sun, Secures €560 Million to Boost Clean Energy Production

(IN BRIEF) 3Sun, a photovoltaic cell and module production gigafactory owned by Enel Green Power, has successfully obtained a substantial financial package of 560 million euros to expand its production capacity, making it the largest solar factory in Europe with … Read the full press release

Former Head of Dutch Representation in Brussels to Join EIB Management Committee

(IN BRIEF) Robert de Groot, the former head of the Dutch Permanent Representation in Brussels, has been appointed as the new Vice-President of the European Investment Bank (EIB). He will assume his role on February 1, 2024, succeeding outgoing Vice-President … Read the full press release

EIB Backs Renfe’s Rail Modernization with €225 Million Financing

(IN BRIEF) The European Investment Bank (EIB) is set to provide €225 million in financing to Renfe for the modernization of its high-speed and freight trains. The funding includes a €125 million loan to renew the high-speed fleet, involving the … Read the full press release

EIB and NIB Commit €371 Million for H2 Green Steel’s Revolutionary Low-Carbon Plant

(IN BRIEF) The European Investment Bank (EIB) and the Nordic Investment Bank (NIB) have joined forces to provide €371 million in financing for H2 Green Steel’s groundbreaking steel plant project in Boden, Sweden. Backed by the European Union’s InvestEU program, … Read the full press release

EIB Commits €37 Million Loan to Protix for Sustainable Protein Expansion

(IN BRIEF) The European Investment Bank (EIB) has entered into an agreement with Protix, a leading sustainable protein producer, to provide up to €37 million in financing for the construction of a new production plant in Poland. This initiative aligns … Read the full press release

INSEAD Secures €60 Million Loan from EIB for Europe Campus Renovation

(IN BRIEF) INSEAD, the global business school, has signed a €60 million financing agreement with the European Investment Bank (EIB) to support its Europe Campus Reimagination project. The loan will facilitate the modernization and expansion of the INSEAD Europe Campus … Read the full press release

EIB and One World Media Collaborate to Spotlight Solutions for Girls and Women Worldwide

(IN BRIEF) The European Investment Bank (EIB) has renewed its partnership with One World Media (OWM) to highlight underreported stories that focus on empowering girls and women while addressing global challenges. Through this collaboration, EIB sponsors an award recognizing outstanding … Read the full press release

Luxembourg’s EV Charging Infrastructure Expands with SWIO and EVBox Partnership

(IN BRIEF) SWIO, a joint venture by mobility service provider Losch and infrastructure engineering firm SOCOM, is partnering with EVBox, a leading electric vehicle (EV) charging solutions provider, to introduce high-speed EV charging stations in Luxembourg. SWIO has already installed … Read the full press release

European Investment Bank Subscribes €100 Million to Inaugural Green Social Bonds by in’li for Affordable Housing

(IN BRIEF) The European Investment Bank (EIB) has invested €100 million in the inaugural issue of green social bonds by in’li, a subsidiary of the Action Logement Group focused on affordable rental housing in Île-de-France. These funds will be dedicated … Read the full press release

Celebrating Sustainability: EIB Invests Over $1 Billion in Northvolt’s Gigafactory Expansion

(IN BRIEF) The European Investment Bank (EIB) is set to provide a substantial lending package of slightly over $1.038 billion (€942.6 million) to support the expansion of Northvolt’s gigafactory in Skellefteå, Sweden. This financing is a crucial component of a … Read the full press release

EIB Group Signs PLN 2 Billion Securitisation Agreement with EFL to Support Polish SMEs and Sustainable Projects

(IN BRIEF) The European Investment Bank Group (EIB Group) has entered into a revolving synthetic securitisation agreement with Europejski Fundusz Leasingowy S.A. (EFL) for a PLN 2 billion portfolio of leasing receivables. EFL commits to provide PLN 2.5 billion in … Read the full press release

EIB Provides €150 Million Guarantee to novobanco for €300 Million in New Loans to Boost Portuguese Mid-Caps and Public Sector

(IN BRIEF) novobanco has entered into a contract with the European Investment Bank (EIB) for a €150 million guarantee, significantly enhancing its financing capabilities. This guarantee enables novobanco to share 50% of the risk for new loans provided to Portuguese … Read the full press release

Groupe BPCE and EIB Join Forces to Provide €300 Million for Green Transition of SMEs and Mid-Caps

(IN BRIEF) Groupe BPCE and the European Investment Bank (EIB) have collaborated to offer a €300 million package aimed at facilitating the green transition of small and medium-sized enterprises (SMEs) and mid-cap companies. This partnership enables Groupe BPCE to provide … Read the full press release

Millennium bcp and EIB Join Forces to Boost Portuguese Mid-Cap Financing with €400 Million Guarantee

(IN BRIEF) Millennium bcp and the European Investment Bank (EIB) have inked a guarantee agreement aimed at facilitating access to financing for Portuguese mid-cap companies, particularly in the face of high interest rates, a challenging operational environment, and reduced credit … Read the full press release

EIB Funds GDI’s Innovative Silicon Anode Technology to Revolutionize Battery Performance

(IN BRIEF) The European Investment Bank (EIB) has provided a €20 million quasi-equity loan to GDI, a US-based company with an affiliate in the Netherlands, to develop silicon anode technology for batteries. This technology aims to replace graphite in batteries … Read the full press release

EIB Global Invests $30 Million in Seedstars Africa Ventures to Boost Innovation and Job Creation in Africa

(IN BRIEF) EIB Global has announced a $30 million equity investment in the Seedstars Africa Ventures I venture capital fund to support innovative entrepreneurs in Africa. This investment aims to provide improved access to risk capital for startups and innovative … Read the full press release

Untapped Potential: Mid-Caps Vital for Europe’s Economic Transition, Says New Report

(IN BRIEF) A new report emphasizes the significant role of mid-sized enterprises, known as mid-caps (firms with 250 to 3,000 employees), in driving Europe’s economic transition. Published jointly by the European Investment Bank and the European Policy Centre, the report … Read the full press release

European Commission Boosts Young People’s Influence in EU Policies Following European Year of Youth

(IN BRIEF) The European Commission has announced measures to empower young Europeans and enhance their influence on EU policies. Building upon the achievements of the 2022 European Year of Youth, these actions aim to involve young people in EU policymaking … Read the full press release

EIB Backs Agria Group Holding’s Sunflower Oil Plant and Sustainable Transport in Bulgaria with €35 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has partnered with Kristera AD, a subsidiary of Agria Group Holding, to provide a €35 million loan for the construction of a new sunflower oil processing plant in northern Bulgaria and the acquisition … Read the full press release

European Investment Bank and Bank of Georgia Partner to Boost Green Investments and SME Growth with €50 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has inked a €50 million loan agreement with the Bank of Georgia, aimed at supporting small and medium-sized enterprises (SMEs) and mid-cap companies, while also promoting sustainable economic recovery and growth. Notably, a … Read the full press release

EU’s €3 Million Injection Powers Energy Efficiency in Ukrainian Public Buildings

(IN BRIEF) The European Investment Bank (EIB) has allocated €3 million to the Ukrainian government as part of the EIB Ukraine Solidarity Urgent Response package. The funds will be used to implement energy-saving renovations in 18 public healthcare and educational … Read the full press release

Global Steel Giant ArcelorMittal Engages dss+ for Company-Wide Safety Audit

(IN BRIEF) ArcelorMittal, a prominent global steel and mining company, has announced its collaboration with dss+, a leading sustainable operations management consulting service, to conduct a comprehensive safety audit across the company. The decision to undertake this company-wide audit aligns … Read the full press release

EIB Group and Santander Collaborate on Securitisation Deal to Boost Green Mortgages and Energy Efficiency Investments in Spain

(IN BRIEF) The European Investment Bank (EIB) Group, comprising the European Investment Bank and European Investment Fund, has partnered with Santander in a synthetic securitisation transaction aimed at supporting energy efficiency investments in Spain. The initiative focuses on financing the … Read the full press release

EIB and Vitalia Sign €90 Million Agreement to Enhance Elderly Care Facilities Across Seven Spanish Regions

(IN BRIEF) The European Investment Bank (EIB) and Vitalia have inked a €90 million loan deal to fund the development of new healthcare facilities, including residential and outpatient care centers, primarily catering to the elderly population in seven regions of … Read the full press release

EIB and Pekao Leasing Strengthen Collaboration with €68 Million Agreement to Boost Sustainable Growth in Poland

(IN BRIEF) The European Investment Bank (EIB) and Pekao Leasing, a subsidiary of Bank Pekao S.A., have formalized an agreement worth €68 million, reinforcing their long-standing partnership. This loan from the EIB will empower Pekao Leasing to offer new financing … Read the full press release

EIB Provides €29 Million Loan to Arteche for Advancing Energy Sector Solutions and Digitalization

(IN BRIEF) The European Investment Bank (EIB) has signed a €29 million loan agreement with Arteche, a Spanish company specializing in electrical equipment and solutions for the energy sector. This InvestEU-backed loan will support Arteche’s research, development, and innovation efforts, … Read the full press release

EIB Commits €475 Million Loan for Brussels’ Metro Line Expansion to Improve Public Transportation and Air Quality

(IN BRIEF) The European Investment Bank (EIB) and the Brussels Capital Region have signed a €475 million loan agreement to enhance Brussels’ public transportation infrastructure by upgrading the existing underground tram connection between the Albert and Gare du Nord/Noordstation stops … Read the full press release

EIB Provides €10 Million Loan to Boost Access to Finance for Women Entrepreneurs in Mozambique

(IN BRIEF) The European Investment Bank (EIB) has signed a €10 million loan agreement to support women entrepreneurs in Mozambique. This financing will facilitate a new €20 million facility by Moza Banco, focusing on small and medium-sized businesses (SMEs) in … Read the full press release

EIB and EIF Partner with Santander to Advance Energy Efficiency Investments in Spain

(IN BRIEF) The European Investment Bank (EIB) and European Investment Fund (EIF) have collaborated with Santander in a synthetic securitisation transaction aimed at supporting energy efficiency investments in Spain. The initiative focuses on financing nearly-zero-emission building construction and the renovation … Read the full press release

EIB Invests €12.5 Million in Swedish Medical Startup BrainCool AB to Advance Innovative Cooling Technologies

(IN BRIEF) The European Investment Bank (EIB) has signed a €12.5 million venture debt agreement with Swedish medical company BrainCool AB, specializing in medical cooling solutions. BrainCool is pioneering body cooling technologies that have the potential to revolutionize care standards … Read the full press release

EIB Grants €500 Million Loan to Enexis for Dutch Electricity Grid Expansion

(IN BRIEF) The European Investment Bank (EIB) has provided a €500 million loan to Dutch distribution system operator (DSO) Enexis to fund its electricity network expansion efforts in the Netherlands. Enexis plans to upgrade and expand its infrastructure, encompassing medium-voltage … Read the full press release

European Investment Bank Commits €24.15 Million for Sustainable Development in Loures Municipality

(IN BRIEF) The European Investment Bank (EIB) and the municipality of Loures have entered into an agreement for the initial €24.15 million portion of a €100 million framework loan. This funding is earmarked to enhance the city’s services, improve living … Read the full press release

EIB Commits €200 Million Loan for Vital Nervión River Tunnel Project in Bilbao’s Metropolitan Area

(IN BRIEF) The European Investment Bank (EIB) has inked a €200 million loan agreement with Interbiak, a public entity under the Department for Infrastructure and Territorial Development of the Provincial Council of Bizkaia. This financing will facilitate the construction of … Read the full press release

African Pharmaceutical Technology Foundation Takes Major Strides Toward Building a Self-Reliant African Pharmaceutical Industry

(IN BRIEF) In a significant development for Africa’s pharmaceutical sector, the African Pharmaceutical Technology Foundation and the Rwandan Government have signed a host country agreement, paving the way for the Foundation’s operationalization. The Foundation has also forged a memorandum of … Read the full press release

EIB Grants PLN 1.5 Billion Loan to Jerónimo Martins Polska for Green Store Refurbishments

(IN BRIEF) The European Investment Bank (EIB) is providing a loan of PLN 1.5 billion to Jerónimo Martins Polska, the owner of the Biedronka retail store chain in Poland, to facilitate energy efficiency investments within its store network. This financial … Read the full press release