Ioannis Tsakiris

The European Invest Descriptionment Bank (EIB), through its advisory services, is supporting the German aviation company VÆRIDION in the development of a fully electric regional aircraft. The advisory support, provided under the EU Innovation Fund Project Development Assistance (IFPDA) programme, aims to help the company advance its Microliner programme towards industrialization and prepare it for future investment.

The European Investment Bank (EIB) will advise its Romanian counterpart on strengthening water networks across the country. Under a new advisory services agreement, the EIB will provide advisory support and capacity building to the Romanian Investment and Development Bank (BID) to advance  climate-resilient water and wastewater infrastructure in Romania. Romania plans to upgrade ageing water infrastructure to address increasing climate risks – including more frequent droughts and floods – while ensuring compliance with European Union environmental legislation. The advisory accord was signed today at the annual EIB Forum in Luxembourg and stems from a request by the BID, which is seeking to reinforce its capacity to assess, structure and monitor water projects that enhance long-term climate resilience. The EIB is one of the world’s largest multilateral investors in the water industry and has long been a major supporter of Romanian initiatives in the sector. The new agreement with EIB Advisory will strengthen the BID’s role as a national financial intermediary, helping translate Romania’s climate-adaptation and water-management strategies into bankable investments fully aligned with EU legislation and EIB standards.

Under a new ELENA contract  the EIB Group’s advisory arm will support the Polish National Fund for Environmental Protection and Water Management (NFOŚiGW) over the next 4 years in deploying €288 million to improve energy efficiency in public buildings and upgrade district heating systems.