Vice-President Östros’s areas of oversight include financing of energy, health and life sciences, EIB Global (development policy together with Vice-President Fayolle; pre-accession policy is with Vice-President Kakouris), 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. Vice-President Östros also oversees relations with the European Anti-Fraud Office (OLAF) and the European Ombudsman, relations with the Gulf countries, relations with central banks' debt management offices, and relations with the African Development Bank (AfDB), the Islamic Development Bank (IsDB) and the Nordic Investment Bank (NIB).
Finland: EIB makes loan to replace Helsinki’s fossil-based heating plants with renewable energy
The European Investment Bank (EIB) has signed a €150 million loan agreement with Helen Ltd, a leading Finnish energy company wholly owned by the City of Helsinki, to finance two new renewable energy projects in the district heating sector. The total investment amounts to €209 million, with the EIB contributing 72%.