Circular Economy

Today, the European Union reached a major milestone in the implementation of the InvestEU programme with the signature of the Guarantee and Advisory Hub Agreements between the European Commission, the European Investment Bank (EIB) and the European Investment Fund (EIF). The InvestEU programme is a key pillar of the European Union’s largest ever stimulus package to recover from the COVID-19 pandemic and help build a greener, more digital, and more resilient European economy.  It can also support the European economy in addressing new challenges arising from major uncertainties linked to the global and security outlook.

The Solas Sustainable Energy Fund ICAV, a new EU-focused fund targeting energy efficiency investments, has reached its first close with €140 million. The European Investment Bank (EIB) committed a €30 million cornerstone investment to SSEF, backed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe. As one of the largest providers of climate finance, the EIB supports projects that promote the priorities and objectives of the European Union.

The European Investment Bank (EIB) — the bank of the European Union— and Magyar Fejlesztési Bank (MFB), will cooperate to help MFB’s advisory unit to provide advisory services to Hungarian project promoters. The agreement will enable Hungary’s national development bank to offer support for the investment activities of businesses (small and medium-sized enterprises (SMEs) and mid-caps), municipalities and state-owned companies. The EIB grant to MFB is being provided through the European Investment Advisory Hub (EIAH), part of the Investment Plan for Europe.