European Investment Bank

The European Investment Bank said on Thursday it would stop funding fossil fuel projects at the end of 2021, a landmark decision that potentially deals a blow to billions of dollars of gas projects in the pipeline.

The bank's new energy lending policy, which it said was approved with "overwhelming" support, will bar most fossil fuel projects, including traditional use of natural gas.

The European Investment Bank will launch a new, targeted financing product for young farmers in 2020 that will benefit Greek agriculture, according to senior EIB official Andrew McDowell.

Former Minister for the Bulgarian Presidency of the EU Council Lilyana Pavlova has been appointed vice president and a member of the Management Committee of the European Investment Bank, BNR reports.

She is the first Vice-President of the Bank of Bulgaria, with a three-year term of office.

As one of the MEPs who worked most actively on the creation and distribution of the European Fund for Strategic Investments under the Juncker Plan, I am proud that Bulgaria ranks fourth in the European Union in terms of attracted investment in terms of gross domestic product.

The European Fund for Strategic Investments will provide financial assistance of BGN 10 million for 320 micro-enterprises in Bulgaria, announced the European Commission.

The European Investment Bank (EIB) announced on Monday that is has agreed to lend 21.1 million euro to support the thermal insulation of 400 residential buildings in Sector 2 of Bucharest, a release of the international financial institution informed.

Vicepresident of the European Investment Bank (EIB), Andrew McDowell, stated on Thursday, in Bucharest, that the European Investment Bank Group is tripling its support for Romanian companies, from 500 million euro up to 1.38 billion euro.

Greece's new Infrastructure Fund will have resources of 450 million euros to work with and the participation of the country's four systemic banks to contribute to high-priority sustainability projects worth at least 650 million euros.

The government and the European Investment Bank signed an agreement on Thursday for the EIB's biggest ever funding contribution to new investments in flood protection for homes and businesses in Greece.

The government's Economic Policy Council on Wednesday unblocked the process for the sale of a 30 percent stake in Athens International Airport, in the presence of Prime Minister Kyriakos Mitsotakis.