Category Archives: Luxembourg

Press Releases & News from Luxembourg distributed via EuropaWire

EIB and Terna Seal €500 Million Deal for Tyrrhenian Link Renewable Energy Project

(IN BRIEF) During the EIB Forum in Luxembourg, the European Investment Bank (EIB) and Terna signed a €500 million financing contract, marking the final tranche of the €1.9 billion financing for the Tyrrhenian Link project. This submarine electricity cable, spanning … Read the full press release

EIB and Sciences Po Renew Partnership for Sustainable Development and Climate Transition

(IN BRIEF) The European Investment Bank (EIB), recognized as the EU’s climate bank, has reaffirmed its commitment to advancing sustainable finance and climate dialogue by renewing its support for the Sciences Po European Chair for Sustainable Development and Climate Transition. … Read the full press release

EU Private Sector Women Launch Network to Drive Climate Action

(IN BRIEF) In a proactive move towards advancing the green transition and fostering climate resilience, women leaders from the EU private sector have inaugurated the Women Climate Leaders Network, hosted by the European Investment Bank Group (EIB Group). With the … Read the full press release

EIB Commits €350 Million to Umicore for EV Battery Materials Innovation and Recycling

(IN BRIEF) In a significant move to bolster Europe’s electric vehicle (EV) battery industry, the European Investment Bank (EIB) has entered a €350 million financing agreement with Umicore to support research, development, and innovation (RDI) in rechargeable battery materials technologies. … Read the full press release

EIB and Kutxabank Partner to Boost Green Investment in Spain with €300 Million Agreement

(IN BRIEF) The European Investment Bank (EIB) and Kutxabank have inked a landmark covered bond purchase agreement totaling €300 million, facilitating Kutxabank to unlock up to €600 million for financing green projects in Spain, particularly focusing on energy-efficient construction. This … Read the full press release

EIB Group Forum Highlights European Resilience and Investment Priorities

(IN BRIEF) The second edition of the EIB Group Forum in Luxembourg convened senior policymakers, business leaders, academics, and civil society representatives to discuss EU policy priorities and challenges amidst global instability. EIB President Nadia Calviño emphasized the role of … Read the full press release

EIB Successfully Prices $4 Billion 10-Year Bond, Demonstrating Strong Investor Confidence

(IN BRIEF) The European Investment Bank (EIB) has successfully priced its second USD benchmark of the year, issuing a new USD 4 billion 10-year Global Benchmark due February 13, 2034. The bond pays a semiannual coupon of 4.125% and has … Read the full press release

EIB Group Commits €359 Million to Support Slovenian Projects in 2023, Bolstering Infrastructure and Energy Sectors

(IN BRIEF) The European Investment Bank Group (EIB Group) has reported a successful year in 2023, allocating €359 million in new commitments to projects in Slovenia. These investments are aimed at boosting economic growth and preserving jobs in Slovenia and … Read the full press release

Sustainable Transportation Milestone: EIB Allocates €400 Million for Croatia’s Railways

(IN BRIEF) The European Investment Bank (EIB) has signed a €400 million contract with Croatia’s Ministry of Finance to support the country’s railway infrastructure and rolling stock upgrade. Part of a €900 million commitment, this financing aims to promote sustainable … Read the full press release

EIB Grants €49 Million Loan to Transform Public Infrastructure in Croatia’s Split

(IN BRIEF) The European Investment Bank (EIB) has signed a €49 million loan agreement with the City of Split to support its 2023-2027 multi-sector investment program aimed at revitalizing public infrastructure. This marks the EIB’s first flagship municipal operation in … Read the full press release

EIB Group’s Strong Growth in France: €12 Billion Investment Spurred by Climate Action, Innovation, and Sustainable Infrastructure

(IN BRIEF) In 2023, the European Investment Bank (EIB) Group experienced robust growth in France, providing nearly €12 billion in long-term financing to the private sector and local and regional authorities. This included €10.6 billion from the EIB and €1.4 … Read the full press release

European Investment Bank Pours €1.26 Billion into Austria for Renewable Energy, Water Supply, and Housing Projects in 2023

(IN BRIEF) The European Investment Bank (EIB) Group in Austria has revealed its commitment to financing projects focused on renewable energies, water supply, and social housing in 2023, with a total investment of €1.26 billion. Despite an initial cautious approach … Read the full press release

RESA and EIB Sign €190 Million Loan Agreement to Advance Energy Transition

(IN BRIEF) RESA, an energy distribution network operator, has partnered with the European Investment Bank (EIB) to secure a €190 million loan agreement to support the first phase of its industrial plan for 2023-2026. The energy transition necessitates substantial investments … Read the full press release

EIB and TBC Bank Partner to Boost SME Financing in Georgia

(IN BRIEF) The European Investment Bank (EIB) has signed a guarantee agreement with TBC Bank, supported by the European Union, to provide favorable financing terms and reduced collateral requirements for the local private sector in Georgia. This partnership will enable … Read the full press release

EIF Signs €2 Billion Guarantee Agreements to Boost SMEs and Green Transition in Bulgaria

(IN BRIEF) The European Investment Fund (EIF), a part of the European Investment Bank Group, has inked guarantee agreements with four Bulgarian banks, including Postbank (Eurobank Bulgaria), ProCredit Bank Bulgaria, UniCredit Bulbank, and United Bulgarian Bank, facilitating up to €2 … Read the full press release

European Investment Bank (EIB) Issues EUR 3 Billion 15-Year Bond Amid Strong Demand

(IN BRIEF) The European Investment Bank (EIB) has successfully issued a new EUR 3 billion 15-year EARN bond, set to mature on February 15, 2039. The bond offers an annual coupon of 3% and was priced at 99.072%. With demand … Read the full press release

EIF Commits €60 Million to Future Energy Ventures Fund I for Sustainable Energy Innovation

(IN BRIEF) The European Investment Fund (EIF) is investing €60 million in Future Energy Ventures Fund I, a venture capital fund with a €250 million target size, managed by Future Energy Ventures (FEV). This investment is aimed at supporting early-stage … Read the full press release

EIB Invests €150 Million in Germany’s Lusatia for Social and Green Transformation

(IN BRIEF) The European Investment Bank (EIB) has committed €150 million to the 2038 Lusatia program, aimed at mitigating the socio-economic impact of lignite phase-out and advancing climate neutrality in the region. Collaborating closely with Investitionsbank des Landes Brandenburg (ILB), … Read the full press release

ABN AMRO Secures €250 Million Financing from EIB to Boost Sustainable Investments for Dutch Businesses

(IN BRIEF) ABN AMRO has successfully secured €250 million in financing from the European Investment Bank (EIB), which will be matched by the bank itself, resulting in a total of €500 million in new loans available to Dutch businesses. This … Read the full press release

EIB Backs Installation of Over 8,400 EV Charging Stations in Eastern Europe to Boost Clean Mobility

(IN BRIEF) The European Investment Bank (EIB) has committed a €40 million loan to Eldrive Holding GmbH, based in Austria, to establish 8,472 electric vehicle (EV) charging stations across Bulgaria, Lithuania, and Romania over the next three years. This project … Read the full press release