European Bank Coordination Initiative

The Vienna Initiative has agreed to establish a Working Group on Capital Markets Union. This follows the European Union’s push to strengthen Capital Markets which will have a major impact on financing of investment and sustaining growth in the Central, Eastern and South-Eastern Europe region (CESEE). “Strengthening and diversifying sources of finance is crucial in the region today, as the regional catching up process advances and a new model for growth emerges”, commented Werner Hoyer, the President of the EIB, which is hosting this year’s Vienna Initiative 2 Full Forum at its headquarters in Luxembourg.

The European Investment Bank (EIB Global) has appointed Damien Sorrell as its new Head of the Regional Hub for the Western Balkans. He succeeds Alessandro Bragonzi, who will continue his career at the Bank’s headquarters. Through this new leadership, and alongside its partners, the Bank will remain committed to supporting the transition to a low-carbon economy, fostering alignment with EU standards and driving economic growth in the Western Balkans.