The European Investment Bank (EIB) and drone startup Quantum Systems have concluded a loan agreement of up to €10 million to further develop capabilities in the areas of autonomous flight and artificial intelligence.
Specialty chemicals company ALTANA has received a credit line from the European Investment Bank (EIB). The company, headquartered in Wesel, Germany, will be able to use up to €200 million for research and development over the next ten years.
A banker who isn’t actually a banker has been honoured as European Banker of the Year in a special ceremony: EIB President Werner Hoyer. “After more than 30 years in politics, the idea of receiving this award and to be following in the footsteps of accomplished bankers such as Jean-Pierre Mustier, Axel Weber and Jean-Claude Trichet is still difficult for me to digest,” Hoyer said in his acceptance speech at Frankfurt’s Römer City Hall.