European Investment Bank

The EU's financing body has said it would open up lending to more technologies that can be used by militaries as Europe pushes to rearm in the face of Russia's war on Ukraine.

The European Union has been clambering to produce more weapons in a bid to continue the flow of arms and ammunition to Kiev and keep Europe's own stocks in good health.

Amid growing concerns over security threats posed by Russian aggression, Bulgaria and a coalition of 13 other European Union countries have urged the European Investment Bank (EIB) to bolster defense financing. The call, joined by powerhouse nations Germany and France, aims to enhance the bloc's defense capabilities in response to escalating tensions, as reported by Bloomberg.

The government is committed to innovation and research, Development Minister Kostas Skrekas said on the occasion of the signing on Friday of a European Investment Bank (EIB) loan to the Hellenic Foundation for Research and Innovation, amounting to 143 million euros. 

The meetings of the 6th Joint Interministerial Working Group for the Economic, Industrial, Scientific, and Technical Collaboration of Greece-Ukraine concluded in Athens on Thursday, under the direction of Deputy Foreign Minister for Economic Diplomacy Kostas Fragogiannis and Ukrainian State Minister Oleh Nemchinov.

EIB Global, the financial arm of the European Investment Bank (EIB) for activities outside the European Union, invested a record-breaking 1.2 billion euros across the Western Balkans in 2023 (€365 million more than in 2022).

The investments went to sustainable and energy transition projects that support the region's EU accession, economic, climate and connectivity efforts.

Specialist battery company Sunlight, a member of Olympia Group, will significantly increase manufacturing capacity and create new jobs at its state-of-the-art plant in Xanthi, northern Greece, following a 25-million-euro, 10-year loan from the European Investment Bank (EIB) which was confirmed in Athens on Friday.

Anti-flood projects, as well as the maintenance of schools and waste management in hospitals in combination with their energy upgrade are in the direct financing plans of the European Investment Bank (EIB) for Greece, its president Werner Hoyer revealed in an interview with Kathimerini that was published on Sunday.

Greek power grid operator DEDDIE has secured a 150-million-euro loan from the European Investment Bank (EIB) to install 3.12 million smart meters, the first stage of a plan to upgrade Greece's distribution network, DEDDIE and EIB said on Tuesday.

Power grid operator HEDNO has secured a €150 million loan from the European Investment Bank (EIB) to install 3.12 million smart meters, the first stage of a plan to upgrade Greece's distribution network, HEDNO and the EIB said on Tuesday.

A solution appears likely for the funding snags for EuroAsia interconnector, the planned high-voltage direct-current cable that will connect the power grids of Greece, Cyprus and Israel.