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EU expands support for Ukraine with new financing of almost €600 million for energy, transport and business resilience
The European Union is stepping up economic support for Ukraine with almost €600 million in fresh financing for energy systems, transport networks and a range of businesses in the country. The European Investment Bank (EIB) Group and the European Commission announced the new EU funding package at a “Ukraine Recovery Conference” today in Rome. Most of the financing takes the form of EIB loans, which are backed by EU guarantees.
Italy: EIB, SACE and Intesa Sanpaolo provide €1.5 billion for Terna’s Adriatic Link
The European Investment Bank (EIB), Terna, Intesa Sanpaolo (IMI Corporate and Investment Banking Division) and SACE have signed agreements totalling €1.5 billion to back the development and construction of the Adriatic Link, the submarine power cable linking the Italian regions of Marche and Abruzzo. The main objectives of the project are to strengthen energy exchange in central Italy and promote the integration of renewable energy sources.
EIB Group appoints new Head of its Permanent Representation in Brussels and Deputy Secretary General
The European Investment Bank Group (EIB) has recruited ACER Director Christian Pilgaard Zinglersen as Deputy Secretary General and to head its Permanent Representation in Brussels. As Deputy Secretary General, the position also holds responsibility for the EIB Economics and Group Strategy departments.