EIB Vice-President Scannapieco meets David Sassoli, President of the European Parliament

Dario Scannapieco, Vice-President of the European Investment Bank, met the President of the European Parliament David Sassoli in Brussels on Wednesday 4th December. The EP President and the EIB VP discussed the state of Europe’s economy and the role of the EIB in boosting growth and jobs, touching upon the EU Bank’s activity in accession and potential candidate countries. In particular, discussion highlighted the EIB’s commitment to mitigating the impact of the migration crisis and the social benefits of the Bank’s Economic Resilience Initiative (ERI), an extraordinary investment plan adding a fresh €15 billion into financing in the EU’s Southern Neighbourhood and the Western Balkans. Read more about the ERI here.

19 September 2017

Five countries pledge contributions for the EU Bank’s Economic Resilience initiative to tackle migration and create jobs

Italy, Luxembourg, Poland, Slovakia and Slovenia have become the first EU Member States to pledge contributions for the European Investment Bank’s Economic Resilience Initiative (ERI). The ERI is an investment programme that helps to tackle the migration challenge in Europe’s Southern Neighbourhood and the Western Balkans. Under the ERI, the EU bank is increasing financing in these two regions by EUR 6 billion during the 2016-2020 period mobilising additional investment of 15 billion. The ERI EIB financing comes on top of the EUR 7.5 billion already planned.

1 August 2025

Latvia to get solar-power boost as energy company Sunly receives almost €85 million international financing

Latvia is set to get more clean energy as a result of almost € 85 million in international financing for renewable-electricity provider Sunly. Estonia-based Sunly will use the loans from the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and SEB to build four solar parks in Latvia with total capacity of 329 megawatts (MW) – enough to meet the annual electricity consumption of up to 180,000 households.

31 July 2025

EIB supports €100 million initiative to improve Cyprus’s road network

The European Investment Bank (EIB) is funding Cyprus a further €100 million for a range of road improvements in the country. The EIB credit will cover 50% of the costs of planned renovations and extensions to make road travel in Cyprus easier and safer.

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