Tag Archives: Thomas Östros

Sunly Secures €85 Million to Develop Four 329 MW Solar Parks in Latvia

Posted on 3, August 2025 by

(IN BRIEF) Sunly will build four solar parks in Latvia totaling 329 MW capacity—54 MW in Valmiera, 90 MW in Krāslava, 81 MW in Madona, and 104 MW in Saldus—using €85 million in loans from EIB, EBRD, and SEB. Completion … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Investment, Latvia, Luxembourg, Management, Marketing, News, Technology, United Kingdom

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Former Austrian Chancellor Karl Nehammer joins EIB Management Committee, succeeding Thomas Östros and reinforcing the Bank’s drive on EU policy priorities

Posted on 23, July 2025 by

(IN BRIEF) Karl Nehammer, Austria’s former Chancellor (2021–2025), has been appointed Vice-President of the European Investment Bank, joining its Management Committee on 1 September 2025. Nominated by Austria and approved by the 27 EU finance ministers, he replaces Sweden’s Thomas … Read the full press release →

Posted in Albania, Banks, Business, Economy, Financial, Industrial, Investment, Luxembourg, Management, Marketing, News, Technology

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EIB Lends €20 Million to PulPac to Scale Dry Molded Fiber as Plastic Alternative

Posted on 4, July 2025 by

(IN BRIEF) The EIB is extending a €20 million venture-debt loan to PulPac to scale its Dry Molded Fiber technology—an innovative, dry-molding process that converts cellulose fibers into rigid, renewable packaging. Funded under the EU’s InvestEU programme, the financing will … Read the full press release →

Posted in Banks, Business, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Marketing, News, Sweden, Technology

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EIB Commits €235 Million to Modernize Uusimaa Hospitals and Build Sustainable Schools in Vantaa

Posted on 13, June 2025 by

(IN BRIEF) The EIB is extending €235 million in loans to enhance public services in Finland’s Uusimaa region: €135 million for upgrading three major hospitals under Helsinki University Hospital’s broader €300 million program, and €100 million for building and refurbishing … Read the full press release →

Posted in Banks, Education, European Union, Financial, Finland, Healthcare, Investment

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EIB Global and Family Bank Partner to Support Women and Youth Entrepreneurs in Kenya with €100 Million Financing

Posted on 13, May 2025 by

(IN BRIEF) EIB Global and Family Bank in Kenya have launched a €100 million financing initiative to support small and medium-sized enterprises (SMEs), particularly those owned or led by women and youth entrepreneurs. The partnership, which includes a €50 million … Read the full press release →

Posted in Agriculture, Banks, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Investment

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EIB Finances €400 Million Helsinki Tramline Project to Boost Sustainable Transport

Posted on 1, May 2025 by

(IN BRIEF) The European Investment Bank (EIB) has provided €400 million in financing to Helsinki for the development of the Crown Bridges Light Rail project, which will extend the city’s tram network to three eastern suburbs. The project includes the … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology, Transportation & Logistics

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Sidekick Health Secures €35 Million Funding from EIB to Expand Digital Therapeutics and AI Capabilities

Posted on 1, May 2025 by

(IN BRIEF) Sidekick Health has secured a €35 million venture debt facility from the European Investment Bank (EIB) to advance its digital health and therapeutics initiatives. The funding, backed by the European Commission’s InvestEU initiative, will accelerate R&D and AI-driven … Read the full press release →

Posted in Artificial Intelligence (AI), Banks, Business, Economy, European Union, Financial, Government, Healthcare, Industrial, Investment, Luxembourg, Management, News, Technology

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EIB Funds Beccs Stockholm, Pioneering Negative Emissions Technology to Outpace Stockholm Traffic Emissions

Posted on 5, April 2025 by

(IN BRIEF) The European Investment Bank has granted a €260 million loan to Stockholm Exergi to construct Sweden’s first large-scale BECCS facility at Värtaverket, expected to be operational by 2028. The project, Beccs Stockholm, will capture up to 800,000 tonnes … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Sweden, Technology

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EIF Pledges €70 Million to Boost Nordic Green Financing with Nefco Partnership

Posted on 26, March 2025 by

(IN BRIEF) On 26 March 2025, the European Investment Fund (EIF) pledged €70 million to the Nordic Environment Finance Corporation (Nefco) under the InvestEU programme, marking a significant step in financing sustainable growth across the Nordic region. The guarantee will … Read the full press release →

Posted in Denmark, Energy, Gas & Oil, Environment, European Union, Financial, Finland, Iceland, Investment, Luxembourg, Norway, Small Business, Sweden, Technology

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EIB, SEB, and Luminor Propel Estonia’s Renewable Energy Ambitions with €62 Million Solar Park Investment

Posted on 11, March 2025 by

(IN BRIEF) A consortium led by the European Investment Bank in partnership with SEB and Luminor has provided €62 million to Sunly for a new 244 MW solar park in Risti, Estonia. Expected to be the Baltics’ largest photovoltaic facility … Read the full press release →

Posted in Banks, Energy, Gas & Oil, Estonia, European Union, Financial, Infrastructure & Utilities, Internet & Online, Investment

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EIB Boosts Latvia’s Grid Modernization with €200 Million Loan for Renewable Energy Integration

Posted on 7, March 2025 by

(IN BRIEF) The European Investment Bank has approved a €200 million loan to Latvenergo AS to upgrade Latvia’s electricity distribution network, enhancing reliability for nearly 1.9 million customers while integrating digital innovations and renewable energy sources. Scheduled for completion by … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, News, Technology

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EIF Invests €25 Million in IPR.VC Fund III to Strengthen Europe’s Film and TV Production Sector

Posted on 27, February 2025 by

(IN BRIEF) The European Investment Fund (EIF) has committed €25 million to IPR.VC Fund III, a Finnish-based initiative focused on financing high-quality European films and TV series. This investment will help attract further financial backers to the fund, which aims … Read the full press release →

Posted in Banks, Business, Entertainment, European Union, Financial, Finland, Investment, Luxembourg, Media, News

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Major Road Expansion in Kenya Set to Boost Trade and Sustainability with Support from Team Europe

Posted on 27, February 2025 by

(IN BRIEF) The upgrade of the Kwa-Jomvu to Mariakani road in Kenya, backed by Team Europe, will transform a two-lane highway into a four and six-lane dual carriageway, improving road safety, reducing emissions, and enhancing regional trade. The €140 million … Read the full press release →

Posted in Banks, Business, Economy, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, News

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EIF Allocates €30 Million to Support Swedish SMEs in Green Transition through Impact Lending Fund

Posted on 10, February 2025 by

(IN BRIEF) The European Investment Fund (EIF) has committed up to 320 million Swedish kronor (about €30 million) to Swedish Impact Lending 1, a pioneering green-financing initiative targeting small and medium-sized enterprises (SMEs) in Sweden. Managed by Svenska Hållbarhetsfonden Förvaltnings … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business, Sweden, Technology

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Swedish Cleantech Innovator Secures €22.5 Million EIB Funding to Combat PFAS Water Contamination

Posted on 20, December 2024 by

(IN BRIEF) Swedish cleantech company Chromafora has secured a €22.5 million loan from the European Investment Bank (EIB) to advance its SELPAXT technology, which removes harmful PFAS chemicals from water. Backed by InvestEU, the funding will support the deployment of … Read the full press release →

Posted in Banks, Business, Chemicals, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Sweden, Technology

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Lithuania and EIB Partner to Improve Energy Efficiency in 700 Apartment Buildings

Posted on 12, December 2024 by

  (IN BRIEF) The Lithuanian government and the European Investment Bank (EIB) have partnered in a €100 million initiative to renovate 700 multi-apartment buildings, mobilizing up to €625 million to improve energy efficiency. The project will reduce household energy bills, … Read the full press release →

Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, News, Technology

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EIB Loan Fuels Zumtobel’s Push for Smart and Sustainable Lighting Innovation

Posted on 11, December 2024 by

(IN BRIEF) The European Investment Bank (EIB) has granted a €50 million loan to the Zumtobel Group to advance its research and development of innovative lighting solutions, focusing on energy-efficient and connected technologies for smart buildings and cities. With a … Read the full press release →

Posted in Austria, Banks, Business, Construction, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology

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EIB Supports University of Latvia with €25 Million Loan for Green Campus Development

Posted on 30, November 2024 by

(IN BRIEF) The European Investment Bank (EIB) has provided a €25 million loan to the University of Latvia to support the third phase of its campus development in Riga. This phase includes constructing the “House of Health,” featuring research and … Read the full press release →

Posted in Banks, Business, Education, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Latvia, Luxembourg, Management, News, Science, Technology

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EIF Commits €40 Million to Norway’s HAVN Capital II to Accelerate Europe’s Low-Carbon Transition

Posted on 27, November 2024 by

(IN BRIEF) The European Investment Fund (EIF) has committed €40 million to HAVN Capital II, a Norway-based private equity fund targeting €250 million to invest in companies advancing renewable energy, electrification, and energy efficiency in Northern and Western Europe. The … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Norway

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SKF Secures €430 Million EIB Loan to Advance Green Technologies in Bearings and Seals

Posted on 22, November 2024 by

(IN BRIEF) SKF has secured a €430 million loan from the European Investment Bank (EIB) to advance research, development, and innovation in bearings, seals, and lubrication systems across six European countries. The funding supports green technologies in sectors like renewable … Read the full press release →

Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Sweden, Technology

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