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European promotional institutions and EIB join forces to support EU security and defence
The national promotional institutions of France, Germany, Italy, Poland and Spain as well as the European Investment Bank (EIB) will cooperate to bolster Europe’s security and defence industry. The six long term investors – Caisse des Depôts, Kreditanstalt für Wiederaufbau (KfW), Cassa Depositi e Prestiti (CDP), Bank Gospodarstwa Krajowego (BGK) and Instituto de Crédito Oficial (ICO) and the EIB – agreed to further explore cooperation opportunities.
Italy : EIB, with SACE and InvestEU guarantees, provides €150 million for Piedmont water services
The European Investment Bank (EIB) has granted a €150 million loan to Acqua Novara.VCO to improve the efficiency and resilience of water infrastructure in the Italian provinces of Novara and Verbano-Cusio-Ossola. The EIB financed is backed by SACE’s Archimede guarantee - which covers two-thirds of the funding - and the European Union’s InvestEU programme - which covers the remaining €50 million.
Italy: EIB and Banca Popolare di Sondrio to provide €300 million in support of agribusinesses
The European Investment Bank (EIB) and Banca Popolare di Sondrio have signed an agreement aimed at mobilising over €300 million for small and medium-sized enterprises (SMEs) and mid-caps active in the agriculture and bioeconomy sectors in Italy, with a particular focus on green projects. This is the first operation signed by the EIB in Italy as part of the €3 billion package approved by the EIB last year to support small and medium-sized businesses active in the agriculture sector.