European Investment Bank

The European Investment Bank (EIB) is lending Greek energy company DEPA Commercial a total of 390 million euros to build and operate solar-energy farms across the country.

The EIB funding covers 75% of total cost of the new photovoltaic (PV) sites, which is expected to reach up to €521 million. DEPA Commercial will create PV farms in western Macedonia, Thessaly and Central Greece.

The European Investment Bank will provide advisory services to the Athens Water Supply and Sewerage Company (EYDAP) in Greece to support the company's 2-billion-euro, 10-year investment program to ensure the Greek capital has a more resilient water supply.

Finance Minister Kostis Hatzidakis insisted on Friday that it is necessary for the European Investment Bank (EIB) to take on a greater role in strengthening the defense capability of Europe.

Greece is establishing its own National Investment Fund and will hand it a launch gift of 300 million euros.

The gap in productive investments in Greece remains large, as they represent approximately 12% of the country's gross domestic prouct, compared to approximately 16% of GDP in the European Union, according to the annual investment survey of the European Investment Bank for 2023, presented on Thursday in Athens by its chief economist, Deborah Revoltella.

The European Investment Bank has injected over 5 billion euros into various projects in Cyprus, contributing significantly to the island nation's development, Kyriakos Kakouris, vice president of the EIB, stated last week.

Greek startups and small and medium-sized enterprises in life sciences, healthcare and sustainability will gain better access to investment finance under a new equity agreement managed by the European Investment Fund (EIF) arm of the European Investment Bank (EIB) Group.

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.

The European Investment Bank (EIB) has announced it will lend Greece €220 million to help protect it against floods and wildfires, which are occurring more often as a result of climate change, as well as against other natural disasters such as earthquakes.

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.