Egypt and the European Union are strengthening their strategic partnership in the field of renewable energy with a funding package of up to €690 million to upgrade and expand Egypt’s electricity grid. The package combines a €600 million loan from the European Investment Bank’s development arm, EIB Global, with up to €90 million in grants […]
Internships – European Investment Bank – Luxembourg
The European Investment Bank (EIB) is the European Union’s financial institution. Its mission is to contribute to the integration, balanced development and economic and social cohesion of member countries. Internships: The EIB’s departments occasionally recruit highly qualified trainees for one- to five-month placements under a defined programme, mainly in the areas of finance, auditing, economics, […]
Spain: EIB and Iberdrola agree a €700 million green loan for power grid expansion
The European Investment Bank (EIB) approved a €700 million green loan to expand Iberdrola’s electricity-distribution grid in Spain. An initial, €500 million tranche was signed in Madrid by EIB Director General for European Union Operations, Jean-Christophe Laloux, and Iberdrola Finance, Control and Corporate Development Director José Sainz Armada. The total investment under the project amounts […]
Spain: EIB and Otua sign €40 million loan to back the construction of a waste recycling plant in the Basque Country
The European Investment Bank (EIB) and Basque Country-based Otua Group have signed a €40 million loan to finance the construction of a new plant for recycling plastics from automotive waste and to upgrade existing facilities for processing metal waste. The EIB loan promotes the transition to circular economy – in which industrial materials get reused rather […]
The Commission and the European Investment Bank announce the creation of HERA Invest
The Commission and the European Investment Bank announce the creation of HERA Invest, a €100 million top-up to the InvestEU programme, to support research and development (R&D) in the most pressing cross-border health threats, financed by the EU4Health programme. Currently, European companies find it difficult to access sufficient public and private funding for the development and scaling up of cutting-edge solutions in health […]
EIB and Grupo Cajamar will direct €980 million in new financing to SMEs and mid-caps in rural areas and to green projects
The European Investment Bank (EIB) and Grupo Cooperativo Cajamar have signed a purchase agreement of a €350 million covered bond issue. The transaction enables the cooperative bank Cajamar to make up to €784 million in financing available to support investment in projects of small and medium-sized enterprises (SMEs) and mid-caps, especially those operating in rural […]