Prime Minister Borisov and EIB President Hoyer agree to foster co-operation on the connectivity of the Western Balkans
1 February 2018
The Prime Minister of Bulgaria, Boyko Borisov, and the EIB President, Werner Hoyer, met in Brussels on 1st February. They discussed possibilities how the EIB can support priorities of the Bulgaria’s Presidency of the Council of the European Union, namely the European Perspective and Connectivity of the Western Balkans.
Mr Borisov underlined the necessity for a partnership between Bulgaria and the EIB to deliver tangible results for the development of the Western Balkans region. Mr Hoyer stated that the Western Balkans connectivity in terms of transport, air, energy, educational and digital infrastructure represents a top priority for the EU Bank. He stressed that the EIB will provide financing and expertise to help implement Bulgarian Presidency priorities that are widely shared by the Bank.
Mr Borisov expressed his readiness to familiarize EIB management with the individual infrastructure needs of each Western Balkans country. He stressed that investments into Western Balkans connectivity, particularly along the trans-European corridors, are important not only for this region but for Europe as a whole.
Following the tragedy that struck Beirut on August 4, President Hoyer will speak at the Conférence internationale d’appui et de soutien à Beyrouth et à la population libanaise (International conference on assistance and support to Beirut and the Lebanese people).
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. the Minister for Finance, Paschal Donohoe T.D and the Minister for Agriculture, Food and the Marine, Dara Calleary T.D. today (Thursday the 30th of July) launched a €500 million expansion to the Future Growth Loan, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the EIB Group.
Pursuant to Article 27 of the Bank’s Rules of Procedure, Ms Beatrice DEVILLON-COHEN (former Managing Director – Head of Derivatives Trading, Société Générale, London) was proposed as a candidate to perform the duties of an observer to the Audit Committee.