Tag Archives: Thomas Östros

EIB Invests €150 Million in Helsinki’s Renewable Energy Transition

(IN BRIEF) The European Investment Bank (EIB) has inked a €150 million loan deal with Helen Ltd, a prominent Finnish energy company owned by the City of Helsinki. This funding aims to bolster two new renewable-energy initiatives in the district … Read the full press release

Lithuania Advances Rail Electrification with EUR 200 Million Investment in Electric and Battery Trains

(IN BRIEF) A financing agreement between the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link signals a significant step forward for Lithuania’s rail sector. The agreement, totaling EUR 200 million, will facilitate the purchase of nine … Read the full press release

Lithuania’s Rail Revolution: EIB, NIB, and LTG Link Spearhead Electric Train Fleet Renewal

(IN BRIEF) In a landmark move towards sustainable transportation, the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link have sealed a financing deal to procure electric and battery-powered trains. With loans totaling €200 million, nine electric … Read the full press release

EIB President Leads Delegation to Washington DC for Multilateral Development Meetings

(IN BRIEF) The European Investment Bank (EIB) Group, led by President Nadia Calviño, is set to participate in the 2024 Spring Meetings of the International Monetary Fund and the World Bank Group in Washington DC. The delegation, including Vice-Presidents Ambroise … Read the full press release

EIB and EIF Partner with Erste Bank to Propel SME Lending in Austria through Synthetic Securitisation

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have collaborated with Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) to facilitate SME lending in Austria through a pioneering synthetic securitisation transaction. This landmark transaction, the … Read the full press release

EIB Group’s €49 Million Guarantee Empowers Erste Bank to Boost SME Lending in Austria

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have joined forces to provide Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) with a €49 million guarantee for a synthetic securitisation transaction, marking Austria’s first such … Read the full press release

EIB Supports Skellefteå’s Social Housing Drive Amidst Green Industrialization

(IN BRIEF) The European Investment Bank (EIB) is backing Skellefteå Kommun in Sweden with a SEK 800 million loan (€70 million) to facilitate the construction of 743 new, energy-efficient social housing units. These homes, vital amidst the green industrialization, especially … Read the full press release

TowerCo of Africa Uganda Secures US$40 Million Financing to Expand Rural Telecom Infrastructure in Uganda

(IN BRIEF) TowerCo of Africa Uganda has secured a US$40 million financing package from European development finance partners to spearhead the installation of 506 new telecom towers in rural areas of Uganda. This initiative, supported by the European Investment Bank, … Read the full press release

EIB and Hypo Vorarlberg Partner to Finance Energy-Efficient Housing Projects

(IN BRIEF) The European Investment Bank (EIB) and Hypo Vorarlberg have inked agreements to fund the construction of highly energy-efficient residential buildings. The deal comprises a synthetic securitisation transaction and a funding transaction, totaling €61 million. This initiative aims to … Read the full press release

EIB Group Expands Baltic Presence with New Offices in Riga and Tallinn

(IN BRIEF) The European Investment Bank (EIB) Group has announced plans to establish local offices in Riga, Latvia, and Tallinn, Estonia, aiming to bolster its support for regional projects and investments. This move signifies a deeper commitment to the Latvian … Read the full press release

European Investment Bank Group Records Historic €2.91 Billion Financing for Swedish Projects in 2023

(IN BRIEF) In 2023, the European Investment Bank Group (EIB Group) provided a record-breaking €2.91 billion in financing for 32 projects in Sweden. The majority of funding (76.7%) was allocated to climate action and environmental sustainability initiatives, with notable support … 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

Ericsson Secures €420 Million EIB Funding for 5G Technology Development and Energy Efficiency

(IN BRIEF) Ericsson has inked two funding agreements with the European Investment Bank (EIB) totaling €420 million, with an initial disbursement of €250 million in December 2023. These loans will bolster Ericsson’s financial position and support its research, development, and … Read the full press release

EIB and NIB Commit €371 Million for H2 Green Steel’s Revolutionary Low-Carbon Plant

(IN BRIEF) The European Investment Bank (EIB) and the Nordic Investment Bank (NIB) have joined forces to provide €371 million in financing for H2 Green Steel’s groundbreaking steel plant project in Boden, Sweden. Backed by the European Union’s InvestEU program, … Read the full press release

Pioneering Green Steel Project in Sweden Attracts Significant Investment from European Banks

(IN BRIEF) H2 Green Steel, a Swedish company, has secured significant financial support from the European Investment Bank (EIB) and the Nordic Investment Bank (NIB) for its pioneering green steel project in Northern Sweden. This project aims to revolutionize the … Read the full press release

EIB and One World Media Collaborate to Spotlight Solutions for Girls and Women Worldwide

(IN BRIEF) The European Investment Bank (EIB) has renewed its partnership with One World Media (OWM) to highlight underreported stories that focus on empowering girls and women while addressing global challenges. Through this collaboration, EIB sponsors an award recognizing outstanding … Read the full press release

Celebrating Sustainability: EIB Invests Over $1 Billion in Northvolt’s Gigafactory Expansion

(IN BRIEF) The European Investment Bank (EIB) is set to provide a substantial lending package of slightly over $1.038 billion (€942.6 million) to support the expansion of Northvolt’s gigafactory in Skellefteå, Sweden. This financing is a crucial component of a … Read the full press release

EIB Supports Volvo’s €420 Million Initiative for Cutting-Edge Electric Vehicle Platform

(IN BRIEF) Volvo Car Corporation has secured a €420 million loan from the European Investment Bank (EIB) to support the development of an all-electric vehicle platform. This financing covers research and development, software development, and advanced manufacturing technologies for electric … Read the full press release

EIB Provides €10 Million Loan to Boost Access to Finance for Women Entrepreneurs in Mozambique

(IN BRIEF) The European Investment Bank (EIB) has signed a €10 million loan agreement to support women entrepreneurs in Mozambique. This financing will facilitate a new €20 million facility by Moza Banco, focusing on small and medium-sized businesses (SMEs) in … Read the full press release

EIB Invests €12.5 Million in Swedish Medical Startup BrainCool AB to Advance Innovative Cooling Technologies

(IN BRIEF) The European Investment Bank (EIB) has signed a €12.5 million venture debt agreement with Swedish medical company BrainCool AB, specializing in medical cooling solutions. BrainCool is pioneering body cooling technologies that have the potential to revolutionize care standards … Read the full press release

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 €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 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

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

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 €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

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

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

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

Oxford’s Saïd Business School Hosts African Venture Capital Leaders for Impactful ‘Africa Venture Finance Programme

(IN BRIEF) The University of Oxford’s Saïd Business School recently played host to 42 prominent African and Africa-focused venture capital (VC) fund managers as part of the ‘Africa Venture Finance Programme.’ This event, organized by the European Investment Bank’s Boost … Read the full press release

Winners of European Investment Bank’s Social Innovation Tournament Announced

(IN BRIEF) The European Investment Bank Institute recently unveiled the winners of this year’s Social Innovation Tournament (SIT) at a ceremony in Stockholm, celebrating European social entrepreneurs and their impactful products or services. The SIT, an annual event organized by … Read the full press release

EIB Provides €175 Million Loan to Valmet for Sustainable R&D in Pulp, Paper, and Energy Industries

(IN BRIEF) The European Investment Bank (EIB) has signed a €175 million loan agreement with Valmet, a Finnish technology and services provider for the pulp, paper, and energy sectors. This financing will support Valmet’s research, development, and innovation activities, aiming … Read the full press release

EIB’s “Financing in Africa Survey 2023” Reveals Resilience and Challenges in African Banking Sector

(IN BRIEF) The European Investment Bank (EIB) has published its “Financing in Africa Survey 2023,” offering insights into the evolving financial landscape in Africa. Conducted in partnership with 33 leading banks across the continent, the survey highlights the challenges and … Read the full press release

Stockholm Hosts 12th European Investment Bank Social Innovation Tournament

(IN BRIEF) Fifteen of Europe’s leading social innovators are set to compete in the 12th European Investment Bank Institute Social Innovation Tournament in Stockholm on September 28. These innovators from ten countries have developed projects with remarkable social, ethical, or … Read the full press release

EIB and Enefit Green Partner to Fund €180 Million Wind Farm in Estonia

(IN BRIEF) Enefit Green and the European Investment Bank (EIB) have inked a €180 million financing deal to support the construction of Estonia’s Sopi-Tootsi onshore wind farm, boasting a 255-megawatt capacity with 38 wind turbines. This strategic collaboration will significantly … Read the full press release

European Investment Bank Signs €300 Million Financing Agreement with Lithuania for Green and Digital Transitions

(IN BRIEF) The European Investment Bank (EIB) and the Republic of Lithuania have signed a €300 million financing agreement aimed at supporting long-term competitiveness, job creation, and the green and digital transitions in Lithuania. This loan is the first installment … Read the full press release

Acre Impact Capital’s Export Finance Fund Receives $40 Million Backing from EIB for Climate Investment in Africa

(IN BRIEF) The European Investment Bank (EIB) has committed up to $40 million to Acre Impact Capital’s Export Finance Fund I, which aims to accelerate climate infrastructure investment in Africa. The fund focuses on investing in the commercial debt tranches … Read the full press release

European Investment Bank Launches Landmark Water Investment in Djibouti for Enhanced Access and Climate Resilience

(IN BRIEF) The European Investment Bank (EIB) has announced its first-ever water investment in Djibouti. This transformative project, part of the Global Gateway initiative, will significantly improve water access, enhance climate resilience, and provide clean drinking water to over 555,000 … Read the full press release

2X Challenge Achieves Remarkable $16.3 Billion in Gender Lens Investments

(IN BRIEF) 2X Global, an initiative launched by Development Finance Institutions (DFIs), has exceeded its target of raising $15 billion in gender lens investments. From 2021 to 2022, the initiative raised a total of $16.3 billion, benefiting 473 businesses across … Read the full press release

Atea ASA receives €50m financing from EIB to enhance data security and support data sovereignty in EU

(IN BRIEF) IT infrastructure company Atea ASA has secured a €50 million loan from the European Investment Bank to improve and expand its hosting facilities in EU countries, with a focus on improving data security and supporting the European goal … Read the full press release