EIB

STMicroelectronics opens new 1-billion-euro credit line with EIB

Chipmaker STMicroelectronics said on Thursday it had established a 1 billion euro ($1.2 billion) credit line with the European Investment Bank (EIB). The first 500-million-euro slice will be used to…

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EU leaders to back EIB financing of defence projects

European Union leaders will back a change to the lending policy of the European Investment Bank, so that the huge European government-owned lender can finance defence projects, draft conclusions of…

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Funding Ukraine weapons would put EU lending arm on ‘wrong track’, outgoing chief warns

By Rodrigo Campos NEW YORK, (Reuters) - The head of the European Investment Bank (EIB) has warned his soon-to-be-announced successor that bowing to pressure from some EU capitals to fund…

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EU opens race to run its huge investment bank EIB

By Jan Strupczewski, Maria Martinez and Jesús Aguado BRUSSELS, Sept 10 (Reuters) - Five candidates have come forward for the post of president of the huge European Investment Bank, Belgian Finance Minister Vincent…

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EIB lends €20 million to biotech company for development of cancer treatment

The European Investment Bank (EIB), backed by the InvestEU programme, has today announced it has provided a €20 million venture debt loan facility to Affibody. Affibody is a Swedish clinical…

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End of the Road – European Investment Bank to cut funding on road infrastructure – FT

July 17 (Reuters) - The lending arm of the European Union said it will cut its funding on road infrastructure to stay in line with its climate goals, the Financial Times reported on Saturday.…

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EIB chief Hoyer calls for Marshall-style Plan for Ukraine

BRUSSELS, May 11 (Reuters) - A top European official has backed a multi-trillion-euro "Marshall"-style plan to rebuild Ukraine, pledging the firepower of the EU's lending arm for what he said must be…

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EU: €1 billion for Italian SMEs and mid-caps from EIB Group and Alba Leasing

€1 billion in new financial resources will be made available to small and medium-sized enterprises (SMEs) and mid-caps thanks to an agreement between the European Investment Bank (EIB) Group and Alba Leasing.…

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Investment Plan for Europe exceeds €500 billion investment target ahead of time

The European Commission and the European Investment Bank (EIB) Group have delivered on their pledge to mobilise €500 billion in investment under the Investment Plan for Europe. Some 1,400 operations have…

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EU finance ministers agree on €500 billion emergency plan to combat Covid-19 recession

EU finance ministers agreed on a compromise strategy Thursday to fight the coronavirus economic fallout with emergency credit lines and spending plans — but no corona bonds. EU member states…

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First Juncker Plan project in Malta brings broadband to 70,000 homes

The European Investment Bank (EIB) and GO p.l.c. (GO) have signed a €28 million loan to finance GO's investments in telecommunication infrastructure. GO is listed on the Malta Stock Exchange…

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EU should drop oil, gas and coal funding, say ministers

The European Union should halt funding of oil, gas and coal projects, EU finance ministers said, potentially cutting €2bn of yearly investments. The finance ministers called upon the European Investment…

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Loan agreement between Greece and the European Investment Bank

Greek Finance Minister Christos Staikouras (2-R) Minister of Infrastructure and Transportation Kostas Karamanlis (R), Vice President of EIB Andrew Macdowell (2-L) and Athens regional governor Giorgos Patoulis (L) shake hands…

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EIB intents cutting funding for fossil fuel projects

The European Investment Bank has vowed to end its multibillion euro financing for fossil fuel projects by the end of next year in order to align its strategy with climate…

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EIB agreed to start talks to become supervised by ECB

The European Investment Bank has agreed to start talks to become independently supervised by the European Central Bank after EU governments demanded sweeping governance changes at the lender after Brexit.…

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700,000 small and medium-sized companies are set to benefit from improved access to finance through European Investment Plan

The European Fund for Strategic Investments (EFSI) has mobilised €335 billion in additional investment across the EU since July 2015. The Juncker Plan has made a clear impact on the…

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