Tag Archives: EIB

EIB and NIB Finance €85 Million Mažeikiai Onshore Wind Farm in Lithuania

(IN BRIEF) The European Investment Bank (EIB) and Nordic Investment Bank (NIB) have signed a financing agreement for the Mažeikiai onshore wind farm in Lithuania, developed by Ignitis Group, a leading energy company in the Baltics. Both EIB and NIB … Read the full press release

EIB Commits to Supporting Refugees, Economic Resilience, and Social Inclusion at the 2023 Global Refugee Forum

(IN BRIEF) The European Investment Bank (EIB) has reiterated its dedication to addressing the needs of refugees, enhancing economic resilience in host and origin communities, and fostering social inclusion at the 2023 Global Refugee Forum. The EIB collaborated with partners … Read the full press release

EIB Approves €5 Billion Initiative to Support Wind Energy Manufacturing and €20.4 Billion for Diverse Investments Across Europe

(IN BRIEF) The European Investment Bank (EIB) Board of Directors has endorsed a €5 billion initiative aimed at bolstering wind energy equipment manufacturing companies as part of the European Wind Power Package. This strategic investment supports the transition to net … Read the full press release

EIB Commits €100 Million to Boost Affordable and Sustainable Housing in Rostock

(IN BRIEF) In a significant development, the European Investment Bank (EIB) has approved a €100 million loan to support WIRO Wohnen in Rostock Wohnungsgesellschaft mbH, the municipal housing company in Rostock, Germany. This funding will aid WIRO in constructing 561 … Read the full press release

EIB Commits €250 Million for Second Rail Track in Slovenia to Boost Transport Network

(IN BRIEF) The European Investment Bank (EIB) has signed a €250 million loan agreement with 2TDK Družba za razvoj projekta d.o.o (2TDK) to support the construction of a second rail track in Slovenia, a vital component of the Baltic-Adriatic-Mediterranean Trans-European … Read the full press release

€500 Million Investment to Boost Sustainable Rail Travel in Italy

(IN BRIEF) In a significant move towards promoting sustainable mobility, the European Investment Bank (EIB) has committed €500 million to Ferrovie dello Stato Italiane S.p.A. (FS) to enhance rail services in Italy’s Campania and Lazio regions. This partnership aims to … Read the full press release

EIB Commits €110 Million to Transform Finnish Vocational Training Facilities

(IN BRIEF) The European Investment Bank (EIB) has signed a €110 million loan agreement with KOy Helsingin Toimitilat to support Finnish vocational training provider Stadin AO. The funding will be used to construct two modern campus buildings in Myllypuro and … Read the full press release

EIB Global Pioneers Just Resilience Approach for a Climate-Resilient and Equitable Future at COP28

(IN BRIEF) At the COP28 climate change conference, EIB Global, the development arm of the European Investment Bank (EIB), introduced its new approach to increase financing and advisory services in support of a just transition and just resilience worldwide. EIB … Read the full press release

EIB Group Partners with Mission Innovation to Advance Clean Energy Innovation Globally

(IN BRIEF) The European Investment Bank (EIB) Group, comprising the European Investment Bank and the European Investment Fund, has announced a partnership with Mission Innovation to promote clean energy innovation on a global scale. The collaboration aims to facilitate access … Read the full press release

UK Becomes Associated Country to Horizon Europe, Gains Access to Research and Innovation Funding

(IN BRIEF) Starting from January 1, 2024, the United Kingdom will officially become an associated country to Horizon Europe, the European Union’s research and innovation program. This milestone was achieved as the EU-UK Specialized Committee on Participation in Union Programs … Read the full press release

EIB and Development Bank of Rwanda Collaborate to Boost Sustainable Development with €20 Million Credit Line

(IN BRIEF) During the COP 28 summit in Dubai, the European Investment Bank (EIB) and the Development Bank of Rwanda (BRD) have formalized an agreement designed to promote sustainable development in Rwanda. The €20 million line of credit, accompanied by … Read the full press release

EIB and Ørsted Sign €400 Million Agreement to Boost Renewable Energy in Europe

(IN BRIEF) The European Investment Bank (EIB) and Ørsted have inked a €400 million framework loan agreement to support the expansion of wind energy production, in alignment with the RePowerEU initiative’s objectives. This marks their fifteenth joint project, reflecting Ørsted’s … Read the full press release

EU Investment Bank Commits €25 Million to Boost Ukrainian Tech and SMEs

(IN BRIEF) The European Investment Bank (EIB), managing the EU for Ukraine Fund, held its initial Contributors’ Committee meeting and approved its first project financing of €25 million for Ukraine’s equity growth fund, Horizon Capital Growth Fund IV (HCGF IV), … Read the full press release

Global Green Bond Initiative and African Development Bank Partner to Foster Green Bond Markets in Africa

(IN BRIEF) A coalition of development finance institutions and multilateral organizations forming the Global Green Bond Initiative (GGBI) has established a strategic partnership with the African Development Bank to collaborate on technical assistance aimed at promoting green bond markets in … Read the full press release

EU-Catalyst Partnership Announces €240 Million Investment in Groundbreaking Green Tech Projects

(IN BRIEF) At COP28 in Dubai, Commission President Ursula von der Leyen, Bill Gates, Founder of Breakthrough Energy, and European Investment Bank President Werner Hoyer revealed the first two European projects selected for support through the EU-Catalyst partnership: Ørsted’s FlagshipONE … Read the full press release

EIB and HBOR Agreement to Provide Half a Billion Euros to Croatian SMEs and Green Projects

(IN BRIEF) The European Investment Bank (EIB) and Hrvatska banka za obnovu i razvitak (HBOR) have signed an agreement to allocate €500 million to support Croatian small and medium-sized enterprises (SMEs), mid-cap companies, and public-sector entities. The initial tranche of … Read the full press release

EIB Launches EU4Business Guarantee Facility to Boost SME Financing in Eastern Partnership Countries

(IN BRIEF) The European Investment Bank (EIB) Group has introduced the EU4Business Guarantee Facility, in collaboration with the European Investment Fund, aimed at supporting small and medium-sized businesses (SMEs) in Eastern Partnership countries, including Armenia. This initiative provides partial portfolio … Read the full press release

EIB Global Unveils Pioneering Climate Initiatives at COP28 in Dubai

(IN BRIEF) In a significant announcement at the United Nations Climate Change Conference (COP28) in Dubai, the European Investment Bank (EIB) revealed its pioneering approach to a just transition and just resilience on a global scale. The EIB Group introduced … Read the full press release

ARCH Cold Chain Solutions Launches Groundbreaking Cold Storage Facility in Kenya to Tackle Food Waste and Ensure Safety Standards

(IN BRIEF) ARCH Cold Chain Solutions Fund has unveiled its flagship cold storage facility in Nairobi, Kenya, within the Tatu City Special Economic Zone. This state-of-the-art facility, the first of its kind in Africa, offers temperature-controlled storage and distribution for … Read the full press release

EIB and Banca Intesa Beograd Join Forces to Boost Green Investments and SME Growth in Serbia

(IN BRIEF) In a significant move, the European Investment Bank’s (EIB) global arm, EIB Global, and Banca Intesa Beograd have signed a €100 million credit line aimed at supporting small and medium enterprises (SMEs) and mid-caps in Serbia. This initiative … Read the full press release

EIB Provides €450 Million Loan to Iveco Group for Electric Mobility and Innovation

(IN BRIEF) The European Investment Bank (EIB) has approved a €450 million loan to Iveco Group, a global automotive leader, as part of a larger €500 million financing initiative. This funding aims to support the development of innovative technologies in … Read the full press release

EIB and Luminor Bank Sign €115 Million Agreement to Boost SME Financing in the Baltic States

(IN BRIEF) The European Investment Bank (EIB) and Luminor Bank AS have inked a €115 million agreement to enhance lending to small and medium-sized enterprises (SMEs) and mid-cap companies in Estonia, Latvia, and Lithuania. The collaboration between the EIB and … Read the full press release

EIB Grants €34 Million Loan to Support Social Housing in Milan’s Sarpi District

(IN BRIEF) The European Investment Bank (EIB) has provided a €34 million loan to the Ca’ Granda Fund, managed by Investire SGR, to support the construction of new social housing units in central Milan. Over 200 apartments in the Sarpi … Read the full press release

EIB Launches Regional Hub in Kyiv and Commits €450 Million to Support Ukraine’s Recovery and Resilience Initiatives

(IN BRIEF) The European Investment Bank (EIB) President Werner Hoyer and Vice-President Teresa Czerwińska visited Kyiv to reaffirm the EIB’s commitment to Ukraine. During the visit, they inaugurated the EIB Regional Hub for Eastern Europe in Kyiv, strengthening support for … Read the full press release

EIB Grants €110 Million Loan to Billerud for Eco-Friendly Pulp and Paper Mill Upgrades

(IN BRIEF) The European Investment Bank (EIB) has signed a SEK 1.3 billion (approximately €110 million) loan agreement with Billerud, a leading paper and packaging materials supplier based in Sweden. The loan will support the modernization and environmental upgrade of … Read the full press release

AFRY Advocates Collaborative Efforts for Ukraine’s Reconstruction at ReBuild Ukraine Conference

(IN BRIEF) Global engineering and advisory firm AFRY recently participated in the 3rd International exhibition and conference ReBuild Ukraine powered by Energy in Warsaw, Poland. During the event, AFRY emphasized the need for collaborative efforts across sectors to facilitate Ukraine’s … Read the full press release

EIB Global Grants €1 Million for Tirana’s Water Distribution Improvement

(IN BRIEF) EIB Global, the European Investment Bank’s arm for activities outside the EU, has allocated a €1 million technical assistance grant to aid the Tirana municipality in enhancing its water distribution network. The grant will support a project aimed … Read the full press release

EIB Partners with Kyiv to Transform Urban Electric Transport System and Reduce Russian Dependency

(IN BRIEF) The European Investment Bank (EIB) and the city of Kyiv have signed a cooperation agreement to provide strategic advisory services for the transformation of Kyiv’s urban electric transport system. The partnership, supported by a €480,000 technical assistance grant … Read the full press release

EIB Provides €25 Million Loan to Lithuanian Municipal Water Company for Infrastructure Investment

(IN BRIEF) The European Investment Bank (EIB) has signed a €25 million loan agreement with Klaipėdos vanduo, the municipal water company in Klaipėda, Lithuania, to support its 2023-2026 investment program. The investment program aims to enhance water supply and wastewater … Read the full press release

Germitec Secures €25 Million Agreement with EIB to Develop Innovative Medical Products

(IN BRIEF) Germitec, in collaboration with the European Investment Bank (EIB), has inked a €25 million agreement aimed at financing the research, development, and commercialization of groundbreaking medical products. This partnership, facilitated by the InvestEU program, seeks to significantly reduce … Read the full press release

EIB and Malta Development Bank Join Forces to Drive Green Transition for Small and Medium-Sized Enterprises

(IN BRIEF) The European Investment Bank (EIB) and Malta Development Bank (MDB) have formed a partnership aimed at accelerating the green transformation of small and medium-sized companies (SMEs) and public sector entities in Malta. Under this collaboration, the EIB is … Read the full press release

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

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’s Continued Support: Veridos Matsoukis to Strengthen Greek Identity Document Manufacturing

(IN BRIEF) The European Investment Bank (EIB) and Veridos Matsoukis, a secure identity document printer, have agreed on a €10.5 million 10-year loan to expand Greece’s capacity to produce secure passports, identity cards, and official documents. This investment project, totaling … 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