EIB Press

19 May: Saint Lucia: EIB announces new support for businesses impacted by Covid-19

(Source: European Investment Bank)

Team Europe finance to help businesses in Saint Lucia get access to finance First EIB agreement in the Eastern Caribbean since the launch of EIB Global  Financing and technical advice contributes to the EU’s response to the Covid-19 pandemic

The European Investment Bank (EIB) and the Saint Lucia Development Bank (SLDB) are partnering to deliver XCF 13.5m (USD 5m) in financing for Covid-impacted businesses.

The funding will provide micro, small and medium sized enterprises (MSMEs), which can struggle to get financing through the traditional financial sector, with short and medium-term loans. The short-term financing would support …

19 May: Finland: Self-driving technology firm Sensible 4 receives €8 million to boost sustainable transport

(Source: European Investment Bank)

Sensible 4’s software enables vehicles to operate under the most challenging weather conditions, including snow, heavy rain, fog and sandstorms. Autonomous driving contributes to sustainable transport, reducing the number of traffic accidents and carbon dioxide and polluting emissions. It also provides a solution to the shortage of public transport and logistics drivers in Europe.

The European Investment Bank (EIB) has granted an €8 million loan to Sensible 4 Oy, an innovative Finnish self-driving technology company that offers a complete and flexible autonomous driving software. The software enables self-driving and assisted-driving vehicles to operate under difficult weather …

19 May: EIB Board approves €4 billion credit line along with the EMBRACE Advisory Platform to support the integration of refugees from Ukraine in EU countries

(Source: European Investment Bank)

The €4 billion credit line aims to support EU Member States hosting people fleeing from Russia’s unjustified invasion of Ukraine and to develop vital public infrastructure for refugees and host communities. The Board approval follows the EIB’s pledge at the global fundraising event “Stand Up for Ukraine” The credit line will be complemented by the EMBRACE Advisory Platform, supported by InvestEU Advisory Hub, JASPERS and fi-compass initiatives, and helping EU Member States to better address infrastructure needs The operations are a part of the EIB Solidarity Package for Ukraine prepared in cooperation with the European Commission.…

18 May: EIB Group to strengthen impact of RRF investment across Romania

(Source: European Investment Bank)

New investment to enhance business financing, climate action and digital investment across Romania under the European Union’s Recovery and Resilience Facility will be strengthened by technical and financial support provided by the European Investment Bank and European Investment Fund confirmed in Bucharest this week.

“The European Investment Bank Group is committed to supporting economic recovery from the pandemic and the green transition across Europe by maximising the impact of new investment backed by the Recovery and Resilience Facility.  The close cooperation between EIB and EIF experts and the Government of Romania, in particular the Ministry of …

18 May: New EIB, IMF and EBRD report: Are companies in Eastern Europe and Central Asia prepared for another crisis?

(Source: European Investment Bank)

Substantial policy support during the pandemic helped to prevent large-scale bankruptcies in the region, with only 4% of firms filing for insolvency or closing permanently. Trade with developed economies, information and know-how gained through global value chains, and access to foreign technology helped boost innovation and competitiveness in the region. The transition to a net-zero carbon economy presents significant risks for the regions, and firms are lagging behind developments in others parts of the world. A lack of access to finance continues to constrain firms’ growth in the region. The number of firms without access to…

18 May: EIB approves EUR 7.3 billion for climate action, renewable energy, clean transport and refugee support

(Source: European Investment Bank)

EUR 4 billion Ukraine solidarity response to improve housing, health and education for refugees EUR 1.9 billion for climate action, renewable energy, civil protection and sustainable transport EUR 1.4 billion for corporate innovation and business financing

The Board of Directors of the European Investment Bank (EIB) today approved EUR 7.3 billion of new financing to accelerate climate action by companies and utilities, enhance civil protection from a more extreme climate and other disasters and confirmed EUR 4 billion for housing, health and education investment in countries welcoming refugees from the conflict in Ukraine.

“Addressing the humanitarian …

17 May: Romania: EUR 368 million EIB backing for construction of new Craiova regional hospital

(Source: European Investment Bank)

New hospital to transform critical healthcare in south-western Romania New 807 bed hospital to provide state of the art care, including cancer treatment, trauma and maternal care Latest EIB financing for Romanian healthcare in Romania follows Iasi and Cluj hospital investment

Healthcare for 1.9 million people living in south-western Romania will be transformed following construction of a new regional hospital in Craiova backed by a EUR 368 million long-term EIB loan.

“The European Investment Bank is a key partner for health investment in Romania. I welcome the EIB’s latest support for hospital modernization and EUR 368 …

17 May: Palestinian companies impacted by COVID-19 crisis to benefit from USD 22 million financing unlocked by a new partnership between Cairo Amman Bank and EIB

(Source: European Investment Bank)

First cooperation between Cairo Amman Bank Palestine Investment boost for Palestinian companies most impacted by pandemic Local companies can access finance through 22 Cairo Amman Bank branches in Palestine

New investment by hundreds of Palestinian companies impacted by the COVID-19 pandemic will be made possible by USD 22 million of new financing made available by the European Investment Bank and managed by Cairo Amman Bank Palestine.

The new credit line was formally announced today ahead of the formal opening of the new European Investment Bank office for the West Bank and Gaza at a ceremony in …

17 May: EIB climate action and business engagement welcomed by Israeli and Palestinian leaders

(Source: European Investment Bank)

The Prime Ministers of Israel and Palestine, Naftali Bennet and Mohammad Shtayyeh highlighted the European Investment Bank’s key contribution to supporting climate action, innovation and business investment in talks with President Hoyer and Vice President Vigliotti this week.

On Sunday, 15 May 2022 more than 120 representatives of Palestinian and European financing institutions, local business partners and international diplomatic partners attended the formal opening of the EIB’s new office for the West Bank and Gaza at a ceremony in Ramallah. The new EIB office, headed by Francesco Totaro, is located within the EU Representation in Jerusalem.…

16 May: France: Inventiva secures a €50 million credit facility from the EIB

(Source: European Investment Bank)

This credit facility is intended to support the progress and expansion of Inventiva’s pipeline The credit facility consists of two tranches of €25 million each Credit agreement is part of the European Investment Bank’s strategy to support biotech companies developing a high-level of expertise in various therapeutic areas with significant unmet medical needs

Inventiva (Euronext Paris and Nasdaq: IVA), a clinical-stage biopharmaceutical company focused on the development of oral small molecule therapies for the treatment of patients with non-alcoholic steatohepatitis (NASH) and other diseases with significant unmet medical needs, today announced the signing of a €50 …