Patients who suffer from the most aggressive type of brain cancer, glioblastoma, will soon have broader access to a new form of treatment thanks to financing by the European Investment Bank (EIB). The EIB and German medical device company MagForce signed a financing agreement which will allow the company to borrow up to EUR 35 million over the coming three years, subject to achieving a set of agreed performance criteria.
The European Investment Bank (EIB) and the Junta de Castilla y León have signed two new loans for a total of EUR 105m to support SMEs in the Castilla y León region and finance investment in transport and rural tourism infrastructure. This amount is in addition to the more than EUR 2bn the EU bank has provided to the region since 1989 with the aim of driving economic growth and job creation via projects concerning roads, water supply and sanitation, hospitals, the environment and other areas.
Alexander Stubb has been appointed Vice-President and Member of the Management Committee of the European Investment Bank (EIB). He takes up his duties today, succeeding Jan Vapaavuori, who had tendered his resignation in June.
The European Investment Bank (EIB) has directly financed a company in Georgia for the first time. The EU bank will provide a EUR 21.47m long-term loan to Tbilisi’s water utility – Georgian Water and Power (GWP) – to support its water and wastewater infrastructure development programme. EIB Vice-President Vazil Hudák today announced the signature of the loan together with GWP’s CEO Giorgi Tskhadadze.
President Werner Hoyer will lead the European Investment Bank (EIB) for another six-year term, starting on 1st of January 2018. He was reappointed today by the Board of Governors of the EIB, consisting of the Economy and Finance ministers of the 28 EU Member States.
The EIB signed a loan of EUR 29 million with Ospedal Grando S.p.A., to support the design, construction and operation of the new Cittadella della Salute within the Ca' Foncello Hospital in Treviso. Ospedal Grando will operate under a 21-year concession agreed with the local health authority, Azienda Unità Locale Socio Sanitaria (AULSS) n. 2 Marca Trevigiana.
The EIB and Banco Sabadell will provide EUR 800m to Spanish SMEs with the aim of supporting their investments and promoting the development of new projects, particularly in the services and industrial sectors. To this end, the EIB will grant a EUR 400m loan to Banco Sabadell, to which the Spanish bank will add an additional EUR 400m of its own. This means that the institutions will together provide EUR 800m to Spanish SMEs.
The EIB has provided EUR 20m to VÚB Leasing to finance smaller projects pursued by SMEs and midcaps. The loan is designed to support investments fostering regional development and environmental and knowledge-based economy projects.
The EIB will provide a EUR 125m loan to the Barcelona Municipal Housing Board (a public entity under the responsibility of the City Government), with the aim of building 2 198 homes for public rental to low-income households. The agreement is supported by the European Fund for Strategic Investments (EFSI), the central pillar of the European Commission's Investment Plan for Europe (the so-called Juncker Plan), and was signed today in Barcelona by EIB Operations Director for Spain and Portugal Birthe Bruhn-Léon and Mayor of Barcelona Ada Colau.