Kyriacos Kakouris

The European Investment Bank (EIB) is lending Greece €220 million to help protect against floods and wildfires occurring more often as a result of climate change as well as against other natural disasters such as earthquakes. The funding will be used to buy fire engines, firefighting planes and helicopters, drones, rescue vehicles and control centres.

A €100 million (CZK 2.5bn) European Investment Bank (EIB) loan to MONETA will increase economic opportunities for small and mid-sized businesses in Czechia. At least 12% of the loan will be allocated to projects with a positive impact on the climate or the environment. In addition, MONETA has committed to doubling this allocation: it will offer over CZK 700 million to entrepreneurs and small businesses to finance their sustainable business projects in the near future.

EIB Global, the arm of the European Investment Bank (EIB) for financing activities outside the European Union, has signed a €100 million loan with Albania under a Team Europe financial package for the modernisation and electrification of a 120 km railway line from Vorë in central Albania to Hani i Hotit on the border with Montenegro. The project is in line with strategic EU support for the construction and rehabilitation of key railway sections in the Western Balkans, aiming to increase the accessibility and attractiveness of the rail transportation, contributing to socioeconomic development, better trade links, the shift to more sustainable modes of transport and the decarbonisation of local economies.