(IN BRIEF) The MFB Hungarian Development Bank has pledged €20 million to the 3SI Innovation Fund, which is led by the European Investment Fund (EIF). The fund, targeting growth-stage businesses in Central and Eastern Europe, aims to raise €180 million … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Hungary, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged EIF, Hungary, Innovation Fund, Marjut Falkstedt, MFB Hungarian Development Bank (MFB), partnership, sustainability
(IN BRIEF) In response to Ukraine’s ongoing recovery efforts, the European Investment Bank (EIB) has allocated €14.5 million in EU-backed funds to support the rehabilitation of municipal infrastructure in Dnipro and Mykolaiv. This funding will aid in the restoration of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Ukraine
Tagged Borys Filatov, Dnipro, EIB, Municipal Infrastructure, Mykolaiv, Oleksandr Sienkevych, partnership, sustainability, Teresa Czerwinska, UKRAINE, Valdis Dombrovskis
(IN BRIEF) The European Investment Bank (EIB) has provided an initial €100 million loan for the construction of the €1 billion Laakso Joint Hospital in Helsinki, which will integrate psychiatric, neurological, geriatric, and palliative care services for 1.7 million Uusimaa … Read the full press release
Posted in Banks, Business, Construction, Environment, Financial, Finland, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Real Estate, Technology
Tagged EIB, Helsinki, Laakso Joint Hospital Project, Marko Virtanen, partnership, sustainability, Thomas Östros
(IN BRIEF) EIB Global and the European Commission have launched a €70 million financing package to support Armenian MSMEs. The package includes €58.5 million in loans to three financial institutions—Inecobank, ArmSwissBank, and Farm Credit Armenia—and an €11 million grant to … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Armen Gabrielyan, Armenia, Armswissbank, EIB Global, EU, Farm Credit Armenia, Gevorg Machanyan, Hayk Voskanyan, Inecobank, MSMEs, partnership, sustainability, Vassilis Maragos
(IN BRIEF) EIB Global and Azerbaijan have signed a Memorandum of Understanding (MoU) to support the modernization and expansion of Baku’s metro system, aiming to improve urban mobility and reduce emissions. With technical assistance from EIB Global, Azerbaijan’s Ministry of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged Azerbaijan, Baku, EIB, Gert Jan Koopman, Metro Rail, modernization, partnership, Rashad Nabiyev, sustainability, Teresa Czerwinska, urban transport
(IN BRIEF) The European Investment Bank Group (EIBG), European Commission, and Solar Impulse Foundation have partnered to launch an initiative supporting small and medium-sized enterprises (SMEs) in Europe with energy efficiency investments. By facilitating access to clean technologies through innovative … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Small Business, Technology
Tagged Ambroise Fayolle, Bertrand Piccard, Ditte Juul Jørgensen, EIBG, energy efficiency, European Commission, partnership, SMEs, Solar Impulse, sustainability
(IN BRIEF) The European Investment Bank (EIB) Group has invested €100 million in Europe’s first public solar asset-backed securitisation (ABS) led by German green tech company Enpal. This groundbreaking transaction, valued at €240 million, enables Enpal to refinance residential solar … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged clean energy, EIB Group, Enpal, Europe, Germany, investment, Nicola Beer, partnership, Solar ABS, sustainability, Viktor Wingert
(IN BRIEF) Flemish water utility De Watergroep has secured a €350 million loan from the European Investment Bank (EIB) to modernize Flanders’ drinking water infrastructure. The funding supports a comprehensive 2023-2038 plan aimed at reducing water leakage, expanding the network … Read the full press release
Posted in Banks, Belgium, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Belgium, De Watergroep, EIB, Flanders’ Drinking Water Network, Hans Goossens, modernization, partnership, Robert de Groot, sustainability
(IN BRIEF) JASPERS, a collaborative advisory initiative by the European Investment Bank and the European Commission, held its annual meeting in Brussels, marking nearly two decades of supporting regional development projects across Europe and beyond. Since 2005, JASPERS has facilitated … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Moldova, News, Ukraine
Tagged EIB, European Commission, JASPERS, Kyriacos Kakouris, MOLDOVA, partnership, sustainability, UKRAINE
(IN BRIEF) Haspa will receive €100 million from the European Investment Bank to finance small businesses and mid-sized companies in northern Germany, with a focus on renewable energy and energy efficiency projects. This funding will unlock up to €280 million … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged EIB, Germany, Haspa, investments, Michi Maaß, Nicola Beer, partnership, SMEs, sustainability
(IN BRIEF) The European Investment Fund (EIF) has committed €90 million to three venture capital funds focused on accelerating the growth of tech start-ups in Portugal’s deep tech and cybersecurity sectors. This investment, announced at the 2024 Web Summit in … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Portugal, Security & Safety, Small Business, Technology
Tagged 33N Cybersecurity and Infrastructure Software Fund, Armilar Venture Partners IV, Cybersecurity, EIF, Faber Tech III, investment, Marjut Falkstedt, partnership, Pedro Reis, PORTUGAL, SECURITY, SMEs, sustainability, Tech Start-ups
(IN BRIEF) At COP29 in Baku, multilateral development banks (MDBs) announced a commitment to collectively mobilize significant financial support to help countries meet ambitious climate goals. By 2030, MDBs estimate they will direct USD 120 billion annually towards low- and … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Media, News
Tagged Climate Action, COP29 EIB, investment, Multilateral Development Banks, Nadia Calviño, sustainability
(IN BRIEF) At COP29, the European Investment Bank (EIB) announced a €150 million investment to support Côte d’Ivoire’s forest preservation, rehabilitation, and expansion efforts. This funding aligns with President Alassane Ouattara’s Abidjan Legacy programme, which targets deforestation, land restoration, and … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News
Tagged Africa, Ambroise Fayolle, Cote d’Ivoire, EIB, forest conservation, investment, partnership, President Alassane Ouattara, restoration, sustainability
(IN BRIEF) The European Investment Bank (EIB) has provided a PLN 900 million loan to ORLEN Group for upgrades to Energa’s power grid, marking the first part of a PLN 3.5 billion funding initiative aimed at improving Poland’s energy infrastructure. … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Poland
Tagged EIB, Energa, energy security, Ireneusz Fąfara, Magdalena Bartoś, ORLEN, partnership, Poland, Renewable Energy Grid, sustainability, Teresa Czerwinska
(IN BRIEF) The European Investment Fund (EIF) and Lithuania’s national development institution, UAB ILTE, are investing €191.6 million to support private credit funds, providing alternative financing for Lithuanian businesses. With equal contributions of €95.8 million each, the partnership aims to … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Lithuania, Luxembourg, Management, News, Small Business
Tagged Business Financing, Dainius Vilčinskas, EIF, investment, Lithuania, Marjut Falkstedt, partnership, Private Credit Funds, SMEs, sustainability, UAB ILTE
(IN BRIEF) The EIB has provided Oceanloop with a €35 million loan to support the expansion of its sustainable shrimp farming technology, allowing the company to grow operations in Germany and establish a large-scale farm in Gran Canaria. This investment … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Food & Beverage, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Technology
Tagged aquaculture, EIB, expansion, Fabian Riedel, Germany, investment, Land-Based Shrimp Farming, Nicola Beer, Oceanloop, partnership, Spain, sustainability
(IN BRIEF) The European Investment Fund (EIF) and Invest-NL have invested in Dutch venture capital firm 4impact capital’s second fund, which closed at €68 million. This fund will support around 25 early-stage digital companies across north-western Europe focused on societal … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Netherlands, News, Technology
Tagged 4impact capital, EIF, Europe, Invest-NL, Jellie Banga, Marjut Falkstedt, Netherlands, partnership, Pauline Wink, sustainability, Tech Startups
(IN BRIEF) The EIB’s Finance in Africa 2024 report shows a nearly threefold increase in African fintech companies since 2020, significantly improving financial access across the continent. However, challenges like limited credit and high financing costs still impede economic growth. … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Africa, climate challenges, Debora Revoltella, EIB, Financial, partnership, sustainability, Thomas Östros
(IN BRIEF) The European Investment Bank (EIB) has committed €10.3 billion to support various European sectors, including agriculture, energy, water, education, and innovation. This funding includes €900 million for immediate reconstruction in flood-affected areas and a landmark €3 billion initiative … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged agriculture, Climate-Resilient, EIB, ENERGY, Europe, infrastructure, Nadia Calviño, partnership, sustainability
(IN BRIEF) Swiss Re is selling its iptiQ European P&C business to Allianz Direct, including its Luxembourg-based risk carrier, over 100 employees, and existing distribution agreements in several European markets. This move aligns with Swiss Re’s strategy to exit iptiQ, … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Insurance, Investment, Luxembourg, Management, News, Switzerland
Tagged acquisition, Allianz Direct, iptiQ European P&C Business, Jef Van In, Luxembourg, partnership, Philipp Kroetz, Swiss Re
(IN BRIEF) The Zencap European Sustainable Transition II (ZEST II) fund has successfully closed at €255 million, surpassing its target with a €75 million investment from the European Investment Fund (EIF) under InvestEU. This funding enables ZEST II to back … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIF, energy projects, Europe, European Union, investments, Marjut Falkstedt, partnership, sustainability, Zencap European Sustainable Transition II (ZEST II)
(IN BRIEF) The European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP) have launched a new €500 million guarantee agreement aimed at bolstering public sector investment across Italy, particularly in central and southern regions. This initiative, which builds on … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News
Tagged Cassa Depositi e Prestiti (CDP), EIB, investment, Italy, partnership, public sector, sustainability
(IN BRIEF) On October 30, 2024, the EIB Group showcased the progress of the European Tech Champions Initiative (ETCI) during an event in Madrid, emphasizing its role in supporting high-growth technology scale-ups across Europe. Since its launch in 2023, the … Read the full press release
Posted in Awards, Banks, Business, Economy, Financial, Government, Industrial, Investment, Luxembourg, Management, Media, News, Spain, Technology
Tagged Awards, Carlos Cuerpo, EIB, EIF, European Tech Champions Initiative, leadership, Madrid, Manuel Illueca Muñoz, Marjut Falkstedt, Nadia Calviño, partnership
(IN BRIEF) The European Investment Bank (EIB) has provided a CZK 7.61 billion (€300 million) loan to České dráhy, the Czech Republic’s national railway operator, to modernize and expand its rail fleet. The funding will enable České dráhy to purchase … Read the full press release
Posted in Banks, Business, Czech Republic, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Security & Safety, Technology, Transportation & Logistics
Tagged České dráhy, Czech Republic, EIB, Kyriacos Kakouris, Lukáš Svoboda, modernization, partnership, rail transportation, safety, sustainability
(IN BRIEF) The European Investment Bank (EIB) and WWF have forged a four-year partnership to promote Nature-based Solutions (NbS) in Europe, aiming to enhance climate resilience and biodiversity restoration. Formalized at COP16 in Colombia, this collaboration will focus on ecosystem … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has approved a €300 million loan to help Red Eléctrica construct the Salto de Chira pumped-storage hydroelectric plant on Gran Canaria. This innovative project integrates a 200 MW power plant with a desalination … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain
Tagged EIB, energy security, Gran Canaria, Hydroelectric Project, Jean-Christophe Laloux, partnership, Roberto García Merino, Salto de Chira, sustainability
(IN BRIEF) The European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY) have established the Transatlantic Resilient Infrastructure Alliance (TRIA) to mobilize private sector investment for infrastructure projects in low- and middle-income countries. Bringing together … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged EIB, European American Chamber of Commerce New York (EACCNY), investment, Markus Berndt, partnership, sustainability, Transatlantic Resilient Infrastructure Alliance (TRIA), USA, Yvonne Bendinger-Rothschild
(IN BRIEF) The European Investment Bank (EIB) is providing a €125 million loan to GEWOBA, Bremen’s largest rental housing provider, to support a €500 million initiative aimed at expanding affordable, climate-friendly housing in Bremen and Bremerhaven. This project will build … Read the full press release
Posted in Banks, Business, Construction, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Affordable, Anja Passlack, Bremen, Climate-Friendly Housing, EIB, GEWOBA, Nicola Beer, partnership, sustainability
(IN BRIEF) ACEA has secured €500 million in financing from the European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP), backed by SACE, to upgrade the electricity distribution network managed by Areti in Rome and Formello. This investment, aimed … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News, Technology
Tagged ACEA, Alessandra Ricci, Cassa Depositi e Prestiti (CDP), Dario Scannapieco, EIB, energy infrastructure, Fabrizio Palermo, Gelsomina Vigliotti, investment, partnership, Rome, SACE, sustainability
(IN BRIEF) The European Investment Bank (EIB) has granted an additional €264 million to the ongoing redevelopment of Stockholm’s Slussen area, which aims to modernize infrastructure and enhance sustainability. This funding builds on an earlier €382 million loan and will … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Sweden, Technology
Tagged EIB, modernization, partnership, Slussen Revamp, Sofie Nilvall, Stockholm, sustainability, Thomas Östros, urban development
(IN BRIEF) The European Investment Fund (EIF) has finalized agreements with seven Romanian banks, unlocking an additional €500 million in financing for small and medium-sized enterprises (SMEs) in Romania. The agreements will allow banks to offer SMEs better loan terms, … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Romania, Small Business, Technology
Tagged Alpha Bank, BRD Groupe Société Générale, competitive, EIF, financing, Garanti BBVA, Intesa Sanpaolo Bank, Libra Internet Bank, Marjut Falkstedt, niCredit Bank, partnership, Patria Bank, Romania, SMEs, sustainability
(IN BRIEF) The European Investment Bank (EIB) is actively participating in the Eurosystem’s exploration of distributed ledger technology (DLT) for settling wholesale financial transactions in central bank money. The EIB will be involved in two distinct projects under this initiative, … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged DLT, EIB, Eurosystem, Wholesale Financial Settlements, Xavier Leroy
(IN BRIEF) The European Investment Bank’s (EIB) 2024 Investment Survey reveals that over 60% of EU companies have already invested in climate change mitigation and adaptation, while more than 70% have embraced digital transformation. The survey, covering 12,000 firms across … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Industrial, Investment, Luxembourg, Management, News, Small Business, Technology
Tagged businesses, Climate, digital, digital technologies, economic challenges, EIB, EU, INNOVATION, investments, sustainability
(IN BRIEF) The European Investment Bank (EIB) and Deutsche Leasing have signed the second tranche of a €560 million project to support the green transformation of small and medium-sized enterprises (SMEs) and mid-caps in Germany and Eastern Europe. With €200 … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Deutsche Leasing, EIB, Financial, Germany, Nicola Beer, partnership, small businesses, sustainability
(IN BRIEF) The European Investment Bank (EIB) has provided a €120 million loan to Iberdrola to advance research, development, and innovation projects in Spain’s energy sector, with a total investment of €250 million. The projects will focus on renewable energy … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Technology
Tagged EIB, Grid Innovations, Iberdrola, partnership, renewable energy, Spain, sustainability
(IN BRIEF) The European Investment Bank (EIB) will announce new financial support for Ukraine and innovative funding solutions for climate-affected nations at the 2024 International Monetary Fund and World Bank Annual Meetings. Led by President Nadia Calviño, the EIB delegation … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, Media, News, Ukraine
Tagged Ambroise Fayolle, Andrew McDowell, Climate-Affected Nations, EIB, financial support, International Monetary Fund, Multilateral Development Banks, Nadia Calviño, partnership, sustainability, Thomas Östros, UKRAINE, World Bank Meetings
(IN BRIEF) The European Investment Bank (EIB) and the European Environment Agency (EEA) have strengthened their collaboration through a new Memorandum of Understanding (MoU) to promote climate action, biodiversity protection, and sustainable finance. The partnership will focus on sharing data, … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has provided €20 million in financing to BeDimensional SpA, an Italian materials manufacturer, to expand production of advanced graphene and other two-dimensional materials. This investment, backed by the InvestEU programme, will help BeDimensional … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Italy, Luxembourg, Management, News, Technology
Tagged BeDimensional, EIB, Europe, Gelsomina Vigliotti, Graphene Production, Green Tech Innovation, Italy, partnership, sustainability, Vittorio Pellegrini
(IN BRIEF) EIB Vice President Kyriacos Kakouris presented the Green Gateway Report during a visit to the Malta Development Bank (MDB). The report, part of a broader €30 million EIB-funded initiative, outlines opportunities to fast-track climate action and green investments … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Malta, Management, News
Tagged EIB, investments, Kyriacos Kakouris, Leo Brincat, Malta Development Bank, partnership, Paul V. Azzopardi, sustainability
(IN BRIEF) The European Investment Fund (EIF) has committed €100 million to the Prime Green Energy Infrastructure Fund II (PGEIF II), managed by Prime Capital AG, to support renewable energy projects in Scandinavia. This brings the fund’s total size to … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Finland, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Norway, Sweden
Tagged Andreas Kalusche, Dr. Mathias Bimberg, EIF, ENERGY, Finland, Marjut Falkstedt, Norway, partnership, Prime Capital AG, Prime Green Energy Infrastructure Fund II (PGEIF II), Scandinavia, sustainability, Sweden
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
