President Hoyer at the European Financial Congress
26 June 2013
President Werner Hoyer opened the second day of the European Financial Congress held in Sopot, Poland with a speech on the EIB and European initiatives in financing infrastructure. He underlined that investment in key infrastructure assets, in research and in people, is the key to providing long-term growth, needed so much nowadays in Europe.
He focused on three core infrastructure networks, Trans European Networks in transport (TEN-T), energy and broadband which, according to a European Commission estimate, might need up to EUR 2 trillion from now until 2020. The President also underlined that the infrastructure investments constitute a major part of the EIB involvement in Poland. Last year, for example, the EIB financed strategic TEN-T projects worth some EUR 2 billion.
The European Financial Congress, held every year in Sopot, Poland, consists of pragmatic debates and speeches from experts in the fields of business, politics and academia. These are held at specialist conferences, congresses, sector-related seminars and thematic steering committees and meetings, organised by the Gdansk Institute for Market Economics and the Gdansk School of Banking.
The whole project produces recommendations, and carries out analyses and studies into how these recommendations can be implemented practically.
The main areas of interest are the security and stability of EU financial markets, challenges facing capital market development, finance for major infrastructural projects, and the value-based management of strategic enterprises.
The European Investment Bank (EIB), acting as a Fund of Funds Manager under Regional Operational Programmes, signed three operational agreements for the total amount of PLN 273 million (approx. EUR 64 million equivalent) with Getin Noble Bank S.A., one of the leading banks in the Polish housing sector. The goal is to provide loans for the much-needed thermo-modernisation of multi-family residential buildings in three Polish regions: Pomerania, Mazovia and Kujawsko-Pomorskie.
The European Investment Bank (EIB), acting as a Fund of Funds Manager under Regional Operational Programmes, signed three operational agreements for the amount of PLN 378m (approx. EUR 85 m. equivalent) with Bank Gospodarstwa Krajowego, Poland’s national promotional bank, to support urban regeneration projects in the Polish regions of Pomerania, Mazovia and Silesia.
The Warsaw Forum on 26 November will provide a platform for exchange between those directly involved in the development of energy and transport networks in Central and Eastern Europe. European Parliament President Jerzy Buzek and EIB President Philippe Maystadt will be the keynote speakers. The Forum will provide an opportunity to discuss key issues at the political level and share information on financing needs and opportunities.