Vice-President Östros’s areas of oversight include financing of energy, health and life sciences, development (policy and horizontal issues, jointly with Vice-President Fayolle), financing operations in Austria, Estonia, Finland, Latvia, Lithuania, Sweden, Russia*, the ACP countries (Africa and the Pacific, except the Caribbean States and the Community of Latin American and Caribbean States (CELAC), jointly with Vice-President Fayolle), relations with the EIB Group Audit Committee, corporate responsibility, diversity and inclusion, Legal – lending operations and the Baltic Sea strategy. Vice-President Östros also oversees the relations with the European Anti-Fraud Office (OLAF) and the European Ombudsman, the relations with the Gulf countries relations with central bank debt management offices, relations with the African Development Bank (AfDB), the Islamic Development Bank (IsDB) and the Nordic Investment Bank (NIB).
Finland: TactoTek lands €15 mln venture debt financing under European Guarantee Fund
The European Investment Bank has committed to supporting Finnish company TactoTek, which develops “in-mold structural electronics” (IMSE®) production methods and technologies. The company will use the financing to increase its investments in innovation and research, as well as to sustain its growth, which was hampered by the difficulties brought about by the COVID-19 pandemic. The financing was made available under the European Guarantee Fund (EGF), a pan-European programme to help SMEs that are viable in the long-term but are struggling in the current crisis, to grow their way out of the ongoing difficulties.