Category Archives: Luxembourg

Press Releases & News from Luxembourg distributed via EuropaWire

EIF and Lithuania’s ILTE Launch €191.6 Million Initiative to Boost Business Financing Through Private Credit Funds

(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

EIB Backs Oceanloop’s Sustainable Aquaculture Expansion with €35 Million Investment in Land-Based Shrimp Farming

(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

EIF and Invest-NL Back €68 Million 4impact Fund to Boost Sustainable Tech Startups in Europe

(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

EIB Report: African Fintech Growth and Gender Strategies Drive Progress Amid Financial and Climate Challenges

(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

EIB Pledges €10.3 Billion for Climate-Resilient Agriculture, Energy, and Infrastructure in Europe

(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

Swiss Re to Sell iptiQ European P&C Business to Allianz Direct, Expanding B2B2C Presence Across Europe

(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

EIF-Backed ZEST II Secures €255 Million to Drive Sustainable Energy Projects Across Europe

(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

EIB and CDP Join Forces to Unlock €1 Billion for Italy’s Public Sector, Focusing on Sustainability and Regional Development

(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

EIB Group Reports Milestones of European Tech Champions Initiative at Madrid Event

(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

České dráhy Secures €300 Million EIB Loan to Modernize Czech Rail Fleet for Enhanced Safety and Sustainability

(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

European Investment Bank and WWF Partner to Drive Nature-Based Climate Resilience Across Europe

(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

EIB Backs Gran Canaria’s Energy Security with €300 Million Loan for Salto de Chira Hydroelectric Project

(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

EIB and EACCNY Launch Alliance to Drive Sustainable Infrastructure Investment in Developing Regions

(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

EIB Backs GEWOBA’s Project for Affordable and Climate-Friendly Housing in Bremen

(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

EIB and CDP Invest €500 Million in ACEA to Boost Rome’s Energy Infrastructure and Support Green Transition

(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

EIB Boosts Funding for Stockholm’s Slussen Revamp, Advancing Sustainable Urban Development

(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

EIF Unlocks €500 Million to Support Romanian SMEs with Competitive and Sustainable Financing

(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

EIB to Lead Two Projects in Eurosystem’s Exploration of DLT for Wholesale Financial Settlements

(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

EU Businesses Lead Climate and Digital Investments Despite Economic Challenges, EIB Survey Shows

(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

EIB and Deutsche Leasing Partner to Boost Green Transformation of Small Businesses with €200 Million Financing

(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