14 countries call on EIB to rethink defence investment
Signatories of the letter understood to include France, Germany, Italy, Poland and Sweden
European Investment Bank
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Europe must close economic gap on US, says EIB
EU firms have boosted investment in digitalisation, energy efficiency and supply chain diversification, according to a report from the European Investment Bank (EIB). The organisation’s Investment Report 2023/2024: Transforming for Competitiveness was released alongside the second edition of the EIB Group Forum, being held this week in Luxembourg. According to the EIB, the European economy…
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EC, EIB and ESA boldly go into space-fuelled partnership
The European Commission, European Investment Bank and European Space Agency have signed a collaboration agreement with a view to strengthening the continent’s space sector. Announcing the move, the European Investment Bank (EIB) said the collaboration between the three institutions aimed to foster cooperation and coordination with a focus on providing financing and advisory support for…
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Spain proposes Nadia Calviño to run EIB
The Spanish government has nominated the country’s deputy prime minister Nadia Calviño to run the European Investment Bank (EIB). The news comes six weeks after Margrethe Vestager, the European Union’s digital and competition chief, entered the race to succeed Werner Hoyer, who is due to step down at the end of the year after serving…
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EIB commits €315m to 5G across five European countries
The European Investment Bank (EIB) has signed a €315m loan agreement with Spanish telecommunications firm Cellnex to support 5G rollouts in France, Italy, Poland, Portugal and Spain. According to Cellnex, the loan will mobilise total investment of €631m to improve and expand the coverage and capacity of very high bandwidth mobile network infrastructure in these…
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InvestEU unlocks €350m in potential funding
The European Commission (EC) and the European Investment Bank (EIB) have launched a €100m top-up for the InvestEU programme. Announced this week by the EC, the new project will be known as HERA Invest and will work to support research and development – focusing especially on health emergency prevention and preparedness. The instrument is geared…
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Danish government backs Vestager for EIB role
Margrethe Vestager, the European Union’s digital and competition chief, has joined the race to head the European Investment Bank (EIB), multiple media reports have indicated. The bank’s current president, Werner Hoyer, is set to step down at the end of the year after serving two terms and, as Politico noted, the mooted move would make…
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EC and EIB earmark €18bn for climate transition projects
The EC and the EIB are to supply €18bn of financing under Global Gateway, Europe’s investment strategy for partner countries. A statement from the two organisations, released alongside the Global CITIZEN Now Summit in New York, said the investment would be concentrated on climate action, clean energy and connectivity in the continent’s partner countries around…