European Investment Bank

The European Investment Bank is backing Cyprus with a major boost for road infrastructure. Vice President of the EIB Kyriacos Kakouris was in Cyprus on Friday to sign the first part of a 200-million-euro loan agreement. Friday's signing ceremony sealed the approval of the first €100 million of the loan.

Bulgaria has secured a €250 million loan from the European Investment Bank (EIB) to co-finance priority projects supported by EU funds during the 2021-2027 programming period. The financing aims to advance developments in energy efficiency, transport, water management, and research, while also boosting economic growth, competitiveness, and living standards.

Endowed with 25 million CO2 emission rights from the EU's greenhouse gas emissions trading system, which at current prices are valued at 1.6 billion euros, the Islands Decarbonization Fund is set to get to work, leveraging investments of €3.8 billion for the 2025-2032 period.

European Investment Bank (EIB) Group President Nadia Calvino visited Athens on Thursday to discuss Europe's strategic priorities and investments in Greece with Prime Minister Kyriakos Mitsotakis and National Economy and Finance Minister Kostis Hatzidakis.

Cyprus has officially launched its Sustainable Urban Mobility Plans (SUMP) for Limassol and Larnaca, taking a significant step in the transition towards greener, more accessible cities.

BELGRADE - For Serbia, whose market economy is still developing, obtaining investment-grade rating is a major milestone and a recognition of its progress in fiscal discipline, its stable macroeconomic policy and improvement of its institutional framework, European Investment Bank (EIB) economist Pietro Dallari has told the Belgrade weekly NIN.

Aleksandar Nikoloski, the Minister of Transport of North Macedonia, announced that he expects to meet with Bulgarian representatives to discuss a new joint railway project that would connect the two countries. The railway, which is part of Corridor No. 8, would link Skopje with Sofia and extend to the Black Sea.

The Ministry of Climate Crisis and Civil Protection has accused the President and officials of SYRIZA of deliberate and complete distortion of the truth, responding to comments by Kasselakis, who claimed that absorption of the civil protection programs from the Recovery Fund is only at 1%.

The first investments by the Cyprus Equity Fund, set up by the Cypriot government in cooperation with the European Investment Fund (a subsidiary of the European Investment Bank) and with a total budget of 37.5 million euros, are expected to begin this fall, so as to cover the financial gap in the fields of entrepreneurship and innovation.

The European Investment Bank (EIB) and Greece's four systemic banks have agreed to a new collaboration in the form of a 700 million-euro guarantee program to support mid-caps in Greece.