Category Archives: Luxembourg

Press Releases & News from Luxembourg distributed via EuropaWire

EIB Provides €20 Million Loan to Xnext for Food Safety and Sustainability Innovation

(IN BRIEF) The European Investment Bank (EIB) has extended a €20 million venture debt loan to Xnext, an Italian start-up specializing in X-ray inspection systems. The loan aims to bolster food safety, support innovation, and promote environmental sustainability. Xnext’s patented … Read the full press release

EIB and Erste Bank Finance €79.2 Million for Engelhartstetten Wind Farm, Aiding Austria’s Green Energy Transition

(IN BRIEF) The European Investment Bank (EIB) and Erste Bank Austria have jointly provided loans of up to €79.2 million to WLK energy for the construction of the new Engelhartstetten wind farm in Lower Austria. This wind farm will consist … Read the full press release

EIB Grants €30.5 Million Loan to DOMINION for Technological Advancements and Innovation Across Europe

(IN BRIEF) The European Investment Bank (EIB) has recently entered into a €30.5 million loan agreement with DOMINION, a multi-technology services and integrated projects company, to fund the development of cutting-edge technology aimed at designing innovative engineering and computing solutions. … Read the full press release

EIB Group Champions European Start-Ups at 2023 Web Summit

(IN BRIEF) The EIB Group, represented by EIB Vice-President Ricardo Mourinho Félix and a team of finance and innovation experts, is set to spotlight its support for innovation and start-ups in Europe at the 2023 Web Summit in Lisbon from … Read the full press release

EU Announces €902 Million Support Package for Jordan, Focusing on Education, Water Infrastructure, and Economic Development

(IN BRIEF) The President of the European Commission, Ursula von der Leyen, welcomed King Abdullah II of Jordan to Brussels and discussed recent regional developments. During the visit, the EU announced a substantial support package for Jordan worth €902 million, … Read the full press release

EIB and European Commission to Triple Advisory Assistance for Western Balkans and Turkey

(IN BRIEF) The European Investment Bank (EIB) and the European Commission have announced a new agreement that will triple the EIB’s advisory assistance for the Western Balkans and potentially Turkey under the JASPERS program. This agreement includes the largest-ever budget … Read the full press release

EIB Commits €150 Million Loan to Deploy Smart Meters for Greece’s Energy Modernization

(IN BRIEF) The European Investment Bank (EIB) has signed a €150 million 15-year loan agreement with the Hellenic Electricity Distribution Network Operator (HEDNO) to support the deployment of electricity smart meters across Greece. This initiative aims to enhance the efficiency … Read the full press release

EIB and Intesa Sanpaolo Collaborate on €100m Loan to Promote Green Transition in Italian Public Sector

(IN BRIEF) The European Investment Bank (EIB) and Intesa Sanpaolo have entered into an agreement for a €100 million loan to facilitate the green transition of the public sector and publicly owned companies in Italy. This initiative marks the first … Read the full press release

EIB Grants €100 Million Loan to Intesa Sanpaolo to Boost Green Transition in Italy’s Public Sector

(IN BRIEF) The European Investment Bank (EIB) has signed an agreement with Intesa Sanpaolo to provide a €100 million loan aimed at supporting the green transition of the public sector and publicly owned companies in Italy. This partnership marks the … Read the full press release

European Investment Bank to Advise Bulgaria on Strengthening Development Financial Institutions

(IN BRIEF) The European Investment Bank (EIB) will provide advisory assistance to the Bulgarian Ministry of Innovation and Growth to enhance the effectiveness of the development financial institutions it supervises, with the aim of better supporting the Bulgarian economy. The … Read the full press release

In Ovo Secures €40 Million Loan from European Investment Bank to Scale Up Ella® Technology for Ethical Poultry Egg Production

(IN BRIEF) Dutch AgriTech company In Ovo has entered into a €40 million loan agreement with the European Investment Bank (EIB) to advance its proprietary Ella® technology. The technology enables the early identification of the sex of eggs through high-throughput … Read the full press release

Georgia’s East-West Highway Section Opens with EU and EIB Support, Enhancing Regional Connectivity

(IN BRIEF) The Ubisa-Shorapani section of Georgia’s East-West Highway, a crucial part of the Trans-European Transport Network (TEN-T) and the Middle Corridor, was officially opened on October 28, 2023. This section is one of seven supported by the European Union … Read the full press release

Spanish SMEs Get Boost with EIB Group and ICO’s Sabadell ABS Investment

(IN BRIEF) The European Investment Bank (EIB) Group, along with the European Investment Fund (EIF) and Instituto de Crédito Oficial (ICO), has invested in asset-backed securities (ABS) issued by Sabadell Consumer Finance to support the financial needs of small and … Read the full press release

EU Faces Challenges in Meeting Plastic Packaging Recycling Targets, Says European Court of Auditors

(IN BRIEF) The European Court of Auditors (ECA) has cautioned that the EU may struggle to meet its plastic packaging recycling targets for 2025 and 2030 outlined in the new Packaging and Packaging Waste Regulation. Packaging accounts for a significant … Read the full press release

EU Pledges €500 Million for Global Health and €134 Million for Local Manufacturing in Africa

(IN BRIEF) During the Global Gateway Forum, the EU committed €500 million to global health in collaboration with the European Investment Bank (EIB) and the Bill & Melinda Gates Foundation. This funding will strengthen healthcare capacities, improve pharmaceutical supply chains, … Read the full press release

EU Commits €16 Million to Enhance Road Safety Along Georgia’s East-West Highway

(IN BRIEF) The EU, represented by Commissioner Olivér Várhelyi and EIB President Werner Hoyer, has announced a €16 million grant through EIB Global to enhance road safety in Georgia along the East-West highway. The project aims to improve physical safety … Read the full press release

EU Commits €10 Million to Improve Education Infrastructure in Armenia’s Syunik Region

(IN BRIEF) At the Global Gateway Forum, the EU Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, and the European Investment Bank (EIB) President, Werner Hoyehr, announced a financial package to enhance education infrastructure in Armenia. The package includes a €10 … Read the full press release

EIF and Leading Romanian Banks Join Forces to Provide €1 Billion in Guarantees for SMEs in Romania

(IN BRIEF) The European Investment Fund (EIF) has partnered with five leading Romanian banks to provide €1 billion in guarantees to support small and medium-sized enterprises (SMEs) in Romania. These guarantees, backed by the InvestEU Member State Compartment and the … Read the full press release

EIF and Millennium bcp Partner to Provide €405 Million in InvestEU Financing to Portuguese SMEs

(IN BRIEF) The European Investment Fund (EIF) and Millennium bcp (BCP) have signed a €405 million InvestEU-backed guarantee agreement to support investment in Portugal. The financing will focus on key EU priorities, including sustainability, innovation, digitalization, social entrepreneurship, and more. … Read the full press release

Thales Alenia Space and Partners Collaborate on Digital Twin Earth Prototype for Flood Prediction in Luxembourg

(IN BRIEF) The Luxembourg Space Agency (LSA) has been supporting Thales Alenia Space, along with partners the Luxembourg Institute of Sciences and Technologies (LIST) and PricewaterhouseCoopers Luxembourg (PwC), in their initiative to create a Proof of Concept for a flood … Read the full press release