The EIB has signed today four EUR 70 million loans with the Portuguese banks Banco BPI, Caixa Geral de Depósitos, Millennium bcp and Banco Santander Totta in order to implement the EIB programme to foster employment and start-ups in Portugal. The project comes under the financial pillar of the Investment Plan for Europe and will be completed by an additional EUR 20 million loan at a later stage.
The EIB is lending EUR 30 million to finance investment projects and working capital of small, medium-sized and larger enterprises with preferential interest rates and maturities of up to 12 years in Bulgaria. The loan is designed to foster the creation of job opportunities for young people aged under 25 in the framework of the Jobs for Youth Initiative.
Meeting in the Maltese capital of Valetta, the Board of Directors of the EIB approved more than EUR 7.3 billion of new loans for investment in strategic infrastructure, the environmental and knowledge economy as well as private sector schemes across Europe and around the world, including ground breaking new projects in Malta. 18 of these loans, worth EUR 2.8 billion will be backed by the European Fund for Strategic Investments.
Heliatek, a world leader in organic photovoltaic and a manufacturer of solar films, has put together an EUR 80 million ($88 million) round to finance the expansion of its HeliaFilm® manufacturing capacity by one million m² p.a. This round comprises EUR 42 million in equity, EUR 20 million in debt and about EUR 18 million in subsidies.
Speaking at the UN Summit for Refugees and Migrants in New York, President of the EIB Werner Hoyer has called for new partnerships to tackle the migration and refugee challenges. He also laid out the EIB’s new Economic Resilience Initiative for the Western Balkans and EU Southern Neighbourhood, endorsed by EU leaders three months ago. President Hoyer was participating in a special roundtable hosted by Queen Rania of Jordan.
The EIB is providing a EUR 100 million loan to Bonnier AB of Sweden, a family-owned media and publishing company founded in 1804. The transaction will support the company’s RDI efforts until 2018. The operation is backed by the European Fund for Strategic Investments (EFSI) under the Investment Plan for Europe.
With fostering innovation to support research of scientific excellence and innovation as one of its top priorities, the EIB has decided to provide a CHF 250m credit facility for the High Luminosity Large Hadron Collider (HL-LHC) which is the CERN’s central project for the decade. This is the second EIB financing with CERN, following the successful loan (300 M€) signed in 2002 to finance the building of the Large Hadron Collider (LHC), the world’s largest and most powerful particle accelerator.
The EIB and the Municipality of Vilnius have signed the first EUR 25 million tranche of a EUR 50 million loan facility in support of the city’s investment programme for the coming years. In particular the financing will be used for investments in urban infrastructure renewal and the construction of the Western bypass.