Following talks with Prime Minister Edouard Philippe and Economy and Finance Minister Bruno Le Maire, the President of the EIB Group, Werner Hoyer, pays tribute to the Great Investment Plan launched by the French Government.
The EIB and Eurobank have signed a EUR 150 million loan agreement to finance eligible projects undertaken by small and medium-sized enterprises and midcaps operating in Greece. Through this credit line, SMEs and MidCaps active in the agriculture, tourism, manufacturing, services and other sectors, may obtain financing in the form of investment loans and working capital liquidity.
“Complex Disease Detector” from Sweden, and ColorADD from Portugal have been awarded the first and second prizes in the sixth edition of the Social Innovation Tournament, a competition organised by the European Investment Bank Institute to reward and promote innovative initiatives with a social, ethical or environmental impact working to create societal impact.
The EIB and biopharmaceutical company Da Volterra announced today that they have entered into a EUR 20m financing agreement. This is a key loan designed to finance Da Volterra’s clinical developments in the area of prevention and treatment of antibiotic-resistant serious infectious and hospital-acquired diseases.
The board of the EIB approved new financing totalling EUR 11.5 billion at its meeting in the Bulgarian capital Sofia today. This includes support for investment to improve transport, education, urban development, water, energy and communications, alongside backing business investment across Europe and around the world. New Public-Private Partnership (PPP) financing for urban rail, motorway construction and flood defences was also agreed.
Italy, Luxembourg, Poland, Slovakia and Slovenia have become the first EU Member States to pledge contributions for the European Investment Bank’s Economic Resilience Initiative (ERI). The ERI is an investment programme that helps to tackle the migration challenge in Europe’s Southern Neighbourhood and the Western Balkans. Under the ERI, the EU bank is increasing financing in these two regions by EUR 6 billion during the 2016-2020 period mobilising additional investment of 15 billion. The ERI EIB financing comes on top of the EUR 7.5 billion already planned.
Since the June 2014 announcement of the partnership between Belfius and the EIB aimed at supporting the development of Smart Cities in Belgium – a European first – more than 100 smart and sustainable projects, particularly those helping to combat global warming and contributing to the emergence of a circular economy, have benefited from the support and favourable financing terms provided by the two institutions. The amount provided so far totals EUR 660m, including EUR 260m as part of the second programme (Smart Cities, Climate Action & Circular Economy) launched just ten months ago. This is a remarkable result that clearly shows that the Smart Cities initiative is in full swing across Belgium, even reaching the smallest municipalities.
iZettle, a Swedish financial technology company, will receive EUR 30 million in debt funding from the EIB in the coming three years. The funds are earmarked for research and development of financial and commercial tools that address the needs of smaller companies.The transaction with iZettle was made possible by the European Fund for Strategic Investments (EFSI). EFSI is the central pillar of the Investment Plan for Europe, in which the EIB Group and the European Commission as strategic partners aim to boost the competitiveness of the European economy.
Bulgarian Prime Minister Boyko Borissov and EIB President Werner Hoyer formally inaugurated the new EIB Group Office for Bulgaria in Sofia today. The EIB Group犱s new representation will strengthen and increase EIB Group activities in Bulgaria. It is headed by Andreas Beikos.
The company UKAD, the French Environment and Energy Agency (ADEME) and Crédit Agricole Centre France today inaugurated in Saint‐Georges-de‐Mons (Puy-de-Dôme) the EcoTitanium site, in the presence of Benjamin Griveaux, Secretary of State at the Ministry of the Economy and Finance, Ambroise Fayolle, Vice-President of the EIB, and Christel Bories, Chairman and CEO of the ERAMET Group.