The EIB has announced its support for the extension of the Westmetro in Espoo, in Finland’s capital region. During an official EIB visit to Finland, President Werner Hoyer signed the first EUR 100m tranche of financing.
The European Commission, the European Investment Bank and the European Federation of Pharmaceutical Industries and Associations are responding to the challenge. In a letter to the world-renowned medical journal The Lancet, they point out that through investments in innovation, the EU has enabled pharmaceutical companies to carry on their research in antimicrobials.
Climate finance totalling USD 81 billion was mobilised for projects funded by the world’s six largest multilateral development banks (MDBs), among them the European Investment Bank, in 2015. This included USD 25 billion of MDBs’ direct climate finance, combined with a further USD 56 billion from other investors.
The EIB is launching its Eastern Partnership Secondment Programme for professionals from both the public and private sectors. The Programme is set up with support by the Eastern Partnership Trust Fund (EPTATF). The deadline for applications is midnight on 06 September 2016. Full details of the roles, and how to apply, can be found at: https://erecruitment.eib.org
Agreement has been reached for the European Investment Bank to back a new small business lending initiative by Piraeus Bank that will target lending to support job creation for unemployed young people across Greece.
The European Investment Bank (EIB) will invest EUR 750 million in Portugal to foster employment and to increase the competitiveness and internationalisation of the Portuguese economy. The loan will support the selected Operational Programmes defined under the agreement between Portugal and the EU to draw up the use of the European Structural Funds (Partnership Agreement 2014-2020).
The EIB is lending EUR 15 million to Agricover Credit IFN in order to finance smaller projects implemented by SMEs in the agricultural sector. This is the first EIB transaction in Romania benefitting from the support of the EU budget guarantee under the European Fund for Strategic Investments (EFSI), the financing component of the Investment Plan for Europe (IPE).
The EIB has signed a subscription agreement with Sustainable Sàrl, a subsidiary of SUSI Partners AG (SUSI), putting into effect the EIB’s investment commitment of up to 62 million euro in the SUSI Renewable Energy Fund II (SUSI RE II). The Investment is guaranteed under the European Fund for Strategic Investments.
Minister of the Economy and Finance Pilar del Olmo and EIB Vice-President Román Escolano today signed a EUR 130m loan at a ceremony in Valladolid. The loan will drive the implementation of measures to promote economic growth, competitiveness and jobs under three EU programmes covering the 2014-2020 period: the European Regional Development Fund Operational Programme, the European Social Fund and the Rural Development Programme. These resources will be used both to invest in strategic sectors and to finance businesses within the region in order to strengthen production through innovation and internationalisation.