With schools and universities closed, online learning is suddenly the flavour of the day. The European Investment Bank supported about 150 primary and secondary schools in Croatia, providing a wide range of digital infrastructure and equipment. Twenty of these schools received specific support in hardware, software and services to connect the teaching and administrative processes. We’re not encouraging anyone to stay away from school once classes get going again, but now that you have to stay home as a health preservation measure, you can still get your education.
Food delivery for people stuck at home
Supermarkets and other essential shops remain open, but not everyone can get out easily. That’s where delivery services come in, like the one set up by Grosbusch in Luxembourg. The EIB Group approved a so-called intermediary loan to BGL Bank. These types of big loans allow banks to give loans to many businesses.
Grosbusch, a family-run fruit and vegetable supplier, took out one of these loans to increase its storage capacity and provide more services. One of these new services is the delivery of fresh fruit and vegetables to those who need it across Luxembourg.
Many people are getting through the lockdown by listening to audiobooks and podcasts. The country with one of the highest usage rates for podcasts is Sweden. In 2019, the EIB signed a €25 million deal with the Swedish podcast company Acast, which also hosts the EIB’s podcasts.
Another Swedish company supported by the bank is Bonnier, the large media group. The company received a €250 million loan in 2017. One of the results of this financing is “BookBeat,” a subscription e-book service that helps people get through their days more smoothly in Sweden and Germany.
Trustworthy teleworking with coronavirus infrastructure investment
As soon as the lockdowns started, many people working in IT broke a sweat wondering how they would manage the huge tasks ahead. Teleworking puts big demands on the broadband networks that keep people connected to the internet.
The EIB has invested a lot to bring broadband internet service to rural areas in countries such as France, for example. But we also helped other countries upgrade to the latest broadband services, bringing fibre-optic services into many homes. The EIB helped Magyar Telekom in Hungary, Telekom Slovenije and the Warminsko-Mazurskie area of Poland upgrade their fibre networks, and we also updated mobile broadband in Bulgaria. We helped build local fibre networks in dense and sparsely populated areas of Malta and Cyprus. These projects now ensure that teleworking works better across Europe.
There also are many companies going the extra mile during this crisis. For example, QEV Technologies, a Spanish company that specialises in drive systems and other parts for electric vehicles, stopped its normal work to help healthcare institutions in Catalonia respond to the coronavirus pandemic.
QEV, which signed a financing deal with the EIB last year, has started importing respirators and making parts for respirators using its 3D technology. The company is also making protective masks and visors for healthcare workers.