First ERI grant to a project in Kosovo

Source: European Investment Bank

The European Investment Bank (EIB) supports the preparation and the implementation of the project for the construction of a new 30 km single carriageway motorway between Peja and Kijeve in Kosovo* with a EUR 1 million technical assistance grant under the Bank’s Economic Resilience Initiative (ERI) signed last January 17th in Pristina. This is the first EIB’s ERI technical assistance grant awarded to a project in Kosovo and the second in the Western Balkans region.
The EIB is backing the construction of the motorway, linking the Kosovo capital Pristina to the border with Montenegro (part of the South East Europe Transport Observatory – SEETO Route 6B), with a EUR 80 million loan, signed last May, the largest ever signed by the bank of the European Union in the country so far. Also thanks to the EIB support, the project will help to improve regional transport integration and to further develop the country’s strategic connections with the neighbouring countries.
The project is also supported by a EUR 3,2m grant for preparatory work under the Western Balkan Investment Framework (WBIF), to which the EUR 1 million technical assistance grant under ERI signed today, is additional.


Netherlands: Limburg sustainability fund gets EUR 75m EIB loan

Source: European Investment Bank

The European Investment Bank (EIB) and the province of Limburg will both invest EUR 75 million in the “Duurzaam Thuis” stimulation fund. The initiative is meant for private citizens who can lend money for future proofing their homes. It is the first time the EIB invests in a fund that will lend directly to citizens, rather than a business or public sector counterpart.
Following this capital injection, the “Duurzaam Thuis” fund has EUR 234 million available for investments with private citizens. Residential buildings in the province of Limburg are on average somewhat older than in the rest of the Netherlands. That offers possibilities but also highlights the need to accelerate investments for their modernisation. Inhabitants of the province Limburg can lend funds for the installation of solar panels, isolating their homes, buying geothermal pumps or installation of high-efficiency glazing. The initiative is also meant for people who want to future-proof their home in the sense of installing staircase elevators or lowering thresholds inside their homes. The loans will be awarded and managed by the Foundation Stimuleringsfonds Volkshuisvesting Nederlandse gemeenten (SVn).
EIB Vice-President Andrew McDowell and the provincial commissioners Eric Geurts (Energy and Sustainability) and Ger Koopmans (Finance) ceremonially signed the agreement between the Province of Limburg and the European Investment Bank in Maastricht today, January 17th 2019. Ger Koopmans commented: “With this agreement, European and Limburg money will be made available to local households.”
Duurzaam Thuis
The province takes climate targets very seriously, as shown also through its recently announced strategy “LEKTA”. Regional Minister Eric Geurts, responsible for Energy and Sustainability said: “I’m very happy that Limburg has the courage to offer this type of financing instrument. That there is a need for this, becoming clear from the figures. We’ve awarded over 10.000 loans, totalling some EUR 85 million. With that we have not only saved over 20.000 tonnes of CO2 emissions, but also given a considerable impulse to local employment. We estimate to have created some 360 FTE worth of new jobs. All these successes are thanks to those Limburgers that have the courage to look towards the future.”
Vice-President Andrew McDowell added: “with an eye on the energy transition, energy efficiency is set to play and increasingly important role in saving energy and reducing emissions. This initiative aims to make private homes more sustainable, as residential building are still lagging in achieving improved standards. We’re particularly proud of this operation, as it is the first time an EIB-loan will be directly channelled to private citizens by the lender, making sure European support is visible, tangible and fungible.”
Except for this new financial impulse into ‘Duurzaam Thuis’, the province also received a European investment subsidy of EUR 3,4 million under the ELENA (European Local Energy Assistance) programme. The ELENA-instrument subsidises up to 90% of the procedural costs in the preparation phase of the project.
The ELENA-subsidy can substantially support the acceleration of the disbursments under the “Duurzaam Thuis” programme. The financing will mainly be used for marketing and communication and the putting into operation of the programme. This way, it is envisioned to be wholly possible to invest the new EUR 150 million within planned term of three years.


Poland: EIB supports brownfield revitalisation in Warsaw

Source: European Investment Bank

A former industrial plant will be reconverted into a multifunctional space reconnected to the rest of the city
The project combines new facilities with heritage building restoration
Energy efficiency measures will lead to lower carbon emissions
The European Investment Bank (EIB) has signed a EUR 60m loan agreement with ArtN Sp. z o.o., a subsidiary of Capital Park S.A., for a flagship project to revitalise the former Norblin factory site in central Warsaw. This is the first EIB transaction in Poland with a real estate investor under a project financing scheme.
The project consists of the redevelopment of a brownfield site and its full reintegration in the city’s life. Heritage buildings of the former Norblin silver-plated metals factory will be renovated to accommodate a food and retail market hall, a cinema and a cultural museum for Warsaw, while new multifunctional office space will be created in areas without heritage elements. The site will be connected to the neighbouring part of town thanks to a pedestrian area, modern parking spaces for bicycles and proximity to public transport services.
“We are pleased to contribute to this project, which is an example of how a city can develop by revitalising old, underdeveloped spaces without eating into new ones,” said Vice-President Vazil Hudák, responsible for EIB operations in Poland. “With over 70% of Europeans living in urban areas, making good use of public space is essential as it helps turning cities into attractive and ecological places to live in.” Mr Hudák added: “This project is also very much in line with the Urban Agenda approved at EU level in May 2016 through the Pact of Amsterdam. A pact which calls on different players to work together to stimulate growth, livability and innovation, and tackle social challenges in Europe’s cities.”
 “The support received for this project from an important institution like the European Investment Bank is a sign of confidence in our group”, says Marcin Juszczyk, Member of the Management Board and CFO/CIO of Capital Park. “We have been present on the Stock Exchange for five years and have invested in numerous projects mainly related to the commercial real estate sector. This project, which is about the revitalization of the former Norblin factory, has some distinctive features among other investments taking place in Warsaw, as it brings new life and gives a new profile to this unique part of the town, which is an important element for us. Thanks to the EIB suport, the financing scheme of the project will be significantly improved. We are confifdent that we can establish through this project a fruitful cooperation with the EIB and we hope that we can work with the EIB on  future projects too”.
The redevelopment of brownfield sites is particularly important in Poland and in all Central and Eastern European countries, where the transition towards a market economy and the subsequent massive de-industrialisation resulted in the creation of brownfields of all types (post-industrial, post-agricultural, post-military etc.). The need to considerably reduce land consumption is also increasingly recognised at both national and EU levels and is reflected in the Roadmap to a Resource Efficient Europe, which aims to end “net land take” by 2050. 
Additional information about the project
This is the first EIB transaction in Poland with a real estate investor under a project financing scheme. Before the EIB’s involvement, the sole lender supporting the project was Polska Kasa Opieki S.A., which initially committed close to EUR 160m. Thanks to the EIB’s EUR 60m loan, the Polish lender was able to reduce its commitment to EUR 99.3m.
The property to be developed is located in the fast-growing western district of Warsaw – Wola. It has over 64 000 m2 of usable space with nine levels above and four levels below ground. The underground car park will include an automatic parking lot for 200 bicycles – a first in Poland.
The project is expected to achieve the highest environmental and energy efficiency standards with an international sustainability rating (BREEAM). The energy efficiency measures will lower demand for electricity and heat, thus reducing carbon emissions, as well as air pollution and other negative externalities.
Returning urban brownfields to productive use supports the principles of the circular economy, since this will contribute to a more efficient use of space in high-value areas such as city centres and limit the consumption of greenfield land. More specifically, the project is part of the Integrated Urban Development Programme for the city of Warsaw and meets the strategic spatial planning objectives of the city authorities.


EIB launches energy lending consultation

Source: European Investment Bank

Three month public consultation of EU Bank energy financing
Dialogue with industry, civil society and policy bodies to better reflect energy industry trends and enhance EIB support for EU energy and climate goals
Review of future energy lending to guide billions of future financing to sector
One of the largest financiers of global energy infrastructure, the European Investment Bank, has launched a new public consultation of financial and advisory support for the sector, to strengthen the impact of its future energy lending.
“Europe is at the forefront of transformation in the global energy sector and rapid technological change, and is committed to ambitious 2030 energy and climate targets and long-term decarbonisation by 2050. As the EU Bank, the European Investment Bank has a unique technical and financial experience supporting energy projects and backing EU energy and climate policy. Over the coming months my colleagues and I will work closely with stakeholders to see how the impact of the EIB’s energy investment can better reflect and accelerate this change. I am looking forward to discussing with energy experts from a broad range of stakeholders in February how the EIB can strengthen support for ongoing transformation in the energy sector in the years ahead.” said Andrew McDowell, European Investment Bank Vice President responsible for energy.
Three months consultation process
Over the next three months, the EIB will engage with a wide range of stakeholders, including shareholders, industry associations, civil society and the private sector to develop a new energy lending policy that supports EU 2030 energy policy and climate targets.
Dialogue with stakeholders will reflect on recent EIB support for energy investment and consider key trends and investment challenges currently facing the sector.
The consultation will include examining how future EIB backed investment can reduce energy consumption through energy efficiency, better support renewable power generation, improve financial and advisory backing for energy innovation and secure infrastructure essential for energy transition.
The discussion will also include specific considerations on supporting energy investment in developing and emerging economies outside Europe.
The EIB will host a public consultation meeting in Brussels in February, followed by consideration of the new Energy Lending Policy by the EIB’s EU member state shareholders later in the year.
Building on 2013 energy lending review which strengthened clean energy investment
The new policy will replace the EIB’s Energy Lending Criteria adopted six years ago in the context of Europe’s 2020 targets that ensured strengthened support for clean energy finance including renewable energy, energy efficiency and related electricity grids.
The 2013 review introduced a new Emissions Performance Standard. This has since been applied to all fossil fuel power generation projects to screen out investment where carbon emissions exceed a threshold level reflecting EU and national commitments to limit carbon emissions.
The public consultation process launched in October 2012 enabled the detailed contribution of a broad range of over 80 stakeholders, including shareholders, industry associations, civil society and the private sector to be taken into account. This followed an earlier energy sector review in 2007. Feedback reflected both economic challenges facing the energy sector and concerns about emissions.
Review to build on new European Union energy policy
The public consultation of EIB support for energy investment follows the finalisation of the new European Union legislative framework – Clean Energy for All Europeans. The revised EU policy represents a significant step towards the creation of the Energy Union and delivering on the EU’s Paris Agreement commitments and is designed to ensure that the European internal energy market delivers investment needed for clean, affordable and secure energy over the next decades.
The new EU energy policy packages seeks to facilitate the energy transition and fixes two new targets for the EU for 2030: a binding renewable energy target of at least 32% and an energy efficiency target of at least 32.5%.
These ambitious targets are expected to stimulate Europe’s industrial competitiveness, boost growth and jobs, reduce energy bills, help tackle energy poverty and improve air quality.
The European Investment Bank is one of the world’s largest energy lenders. In the last five years the EIB has provided more than EUR 49 billion for energy investment across Europe and around the world, including financing for 30 European Projects of Common Interest.


New Rewilding Europe Capital loans to enable transformative rewilding projects in Finland and Portugal

Source: European Investment Bank

Backed by the Natural Capital Financing Facility, a joint initiative of the European Investment Bank and the European Commission, the loans will support new forest and peatland restoration projects that enhance biodiversity, support wildlife comeback and deliver greater value to people.
Financing transformation
New financing for Rewilding Europe Capital totalling 800,000 euros will enable and scale up groundbreaking rewilding projects over the next three years. Support for nature-friendly businesses from the the Natural Capital Financing Facility (NCFF), an initiative of the European Invesment Bank and the EU’s LIFE financing instrument to back nature-friendly businesses, will finance forest management in Portugal and wetland restoration in Finland.
The Finnish projects will be managed by Snowchange, a NGO and European Rewilding Network member that specialises in the restoration and recovery of damaged landscapes caused by commercial exploitation, with a particular focus on sites formerly used for intensive forestry and peat mining.
“By restoring degraded wetlands and boreal forests, this hugely exciting and transformative loan will lead to enhanced biodiversity and the creation of new carbon sinks across Finland,” says Snowchange director Tero Mustonen. “Our scalable model, which takes account of the expertise and culture of indigenous Sámi communities, can mitigate climate change and benefit local stakeholders through the development of new nature-based business models.”
The recipient of the Portugal-focused loan is Sociedade Agro-Florestal do Rio Maçãs, a start-up business founded in 2018 focused on securing and transitioning communal forests in northern Portugal into more natural forest habitats.
“This new loan will enable us to diversify and promote native species forest management in Portugal,” says André Rebelo, a co-owner of the start-up and a timberland management specialist. “This, in turn, will bring a financial return by allowing us to blend sustainable forest harvesting with complementary commercial enterprises such as the provision of non-timber forest products, carbon offsetting, and nature-based tourism experiences.”
Influential investment
Launched four years ago by the European Investment Bank (EIB) and European Commission, the NCFF has backed new investment by nature-focused businesses and is now supporting a wide range of projects and initiatives across Europe.
The ultimate objective of the facility is to demonstrate to investors the attractiveness of such businesses over the longer term, in order to develop a sustainable flow of capital and achieve scale. Stepping up the financing of projects focused on the enhancement of biodiversity and ecosystem services (BES) is considered one of the prerequisites for achieving the European Union’s  2020 biodiversity goals and beyond.
“The worthy recipients of these two new loans typify the growing portfolio of NCFF-funded projects,” says Andrew McDowell, a European Investment Bank Vice President responsible for agriculture and natural resources. “These projects have nature conservation at the heart of their business models. They exemplify how great conservation can generate real commercial opportunities.”
The EIB has already approved a 6 millon euro loan facility for Rewilding Europe Capital, with the latter agreeing a 2 million euro loan under this facility in April 2017. The new financing for projects in Finland and Portugal represents the first investment under the new initiative. The scheme will ultimately allow REC to provide loans of up to 600,000 euros to nature-based businesses which support rewilding across all 28 EU member states.
Peatland potential
Of all the countries of Europe, Finland has the highest potential for carbon sequestration in its forests, peatlands and wetlands. With a growing need to mitigate and offset carbon emissions and counter climate change, carbon credits could become an important tool for Finnish climate change policy and rural economic development. The rewilding of drained forests and rewetting of peatlands is an attractive strategy, combining climate adaptation with sustainable land use models that support biodiversity, wildlife and nature-based economies.
There are over 5 million hectares of drained peatland in Finland, presenting an unprecedented opportunity to select high natural value locations for rewilding and restoring natural ecosystems and biodiversity. In these areas, carbon sequestration can be combined with the development of other socio-economic activities – such as wildlife watching, water storage and the sustainable harvesting of natural products – to generate revenue and create new jobs.
With the support of the NCFF, Rewilding Europe and Snowchange have already begun working to secure, restore and protect Finland’s forests and wetlands using new forms of finance. In 2017, REC provided a 75,000-euro loan to Snowchange to purchase and conserve the restored Linnunsuo wetland.
Linnunsuo, an environmentally degraded former peat production site, is currently in the process of rewilding itself, having been converted into a wetland over the past five years. Already an Important Bird Area (IBA), it is a key site in the ecological restoration of the Jukajoki basin, a flagship river project led by the North Karelian villages of Selkie and Alavi.
This new REC loan will be used to purchase, secure and restore new peatlands and forest pilot sites. These will include the 16,000-hectare Lake Kuivasjärvi catchment area in western Finland, which contains the Alkkianeva peatland. This 30-hectare site needs to be flooded and restored back into a natural wetland. The second main area of focus is the Jukajoki River in eastern Finland, where several more sites are located. The Jukajoki is connected to the far larger, 3860 square-kilometre Jänisjoki catchment area.
“Peatland restoration has huge potential for scaling up, both in Finland and other regions in Europe,” says Timon Rutten, Rewilding Europe’s Head of Enterprise.  “We anticipate that the inclusion of carbon offset buyers in 2019 will further accelerate the pace of Finnish peatland restoration, and by the 2020s this initiative could see tens of thousands of hectares of restored wetlands acting as carbon sinks.”
Forestry focus
Many forests in Portugal, which are on rural communal land, are intensively managed for the production of low-grade timber primarily in monoculture stands – mainly pine and exotic pioneer species such as eucalyptus. Their development often results in clear-cut deforestation, creating contiguous forests of low biodiversity value. They are also increasingly vulnerable to large-scale wildfires, compared to the more open, mosaic landscapes of the past.
Following disastrous wildfires in 2017, many Portuguese communities are now demanding different land-use and forest management models offering greater habitat and landscape security, while simultaneously diversifying income. 
In collaboration with local partners, Rewilding Europe is working to implement a new business model, which would see private forest managers rewild monocultures of pioneer tree species, such as maritime pine (typical of Mediterranean coastal forests), into forests (and associated ecosystems) that are both more natural to the region and more ecologically evolved.
In addition to hosting far greater biodiversity, these natural habitats will offer a more diversified income model, based on sustainable timber production, carbon offsets (with fewer fires strongly increasing carbon sequestration), nature-based tourism, and non-timber products such as wild mushrooms, berries and herbs. The integration of natural grazing using large wild herbivores into such a model helps to create and maintain naturally fire-resistant mosaic landscapes.
Sociedade Agro-Florestal do Rio Maçãs plans to use the new REC loan to lease 3,893 hectares of communal forest in northern Portugal for terms of between 20 to 70 years. More than 90% of this forest is located in an area of high conservation value around the Montesinho Natural Park and is classified as a Natura 2000 site. The forest will be transformed into a more natural woodland, thereby protecting and enhancing biodiversity and boosting its value in terms of ecosystem services and wildfire resistance.
As with peatland restoration in Finland, this business model also has great scalability potential.
“Portugal has around 400,000 hectares of designated, communally-owned production forest,” says Rewilding Europe’s Rutten. “Several hundred thousand hectares of such forest could be restored, involving an investment of 40 to 50 million euros. The approach could be further exported to other parts of the Mediterranean region, such as Spain, where similar conditions and challenges also exist.”
Enterprising endeavour
In contrast with many other parts of the world, there is still very little awareness in Europe about the potential for developing businesses that engage with and support the conservation and rewilding of natural landscapes. In rural areas where the commercial value of wild nature is poorly understood, access to finance for enterprises working with nature is pretty much non-existent.
This is the reason REC was established 2014. As the first conservation enterprise investment vehicle in Europe, focusing on the rapidly expanding European rewilding movement, REC works to stimulate economic growth and development directly connected to the rewilding of natural landscapes. By the end of 2017 it had financed 19 businesses in six European countries, with a commitment totalling 520,000 euros and a portfolio of sectors including nature-based tourism, natural products, natural resource management and habitat restoration.
Empowered with financial resources and expertise, Rewilding Europe’s enterprise team are now looking to scale up their efforts across sectors. In terms of investment through REC, the focus is not only increasing the volume and size of loans, but the identification of new and innovative business opportunities which can have a really sizeable positive impact on wild nature and nature-based economies.
Rewilding Europe wants to collaborate with entrepreneurs, corporations, investors, governments and municipalities as we take our enterprise work forward and scale it up.
“Our door is always open,” says Rutten. “Prospective enterprises that have the envisaged impact are welcome to contact us at any time.”


Cyprus/Netherlands: First green support for European shipping operator signed with ABN Amro

Source: European Investment Bank

The European Investment Bank (EIB) announces the signature of the first agreement under its Green Shipping Guarantee Programme (GSGP) through ABN Amro. The EIB will contribute EUR 10.1 million to an ABN AMRO arranged facility to finance the construction of three cement carrier vessels for the Eureka Shipping group.
The project vessels’ design represents an improvement to the overall environmental performance of the promoter’s fleet, as well as cement carrier vessels currently operating in European waters. The new vessels, which will be laid up in the Netherlands, will operate with significantly better fuel efficiency and reduced emissions of pollutants.
All three new ships will be built and operated in compliance with IMO and EU regulations and will operate under an EU flag. They will serve northern European ports, predominantly in the Sulphur Emission Control Areas (SECAs) of the Baltic and North Sea.
The project will contribute to a modal shift in which, instead of by road, goods are transported by sea, which is considered to be the most sustainable transport mode for this type of cargo. This will help to reduce the overall climate impact of transport, and specifically the promoter’s carbon footprint.


Who do citizens consider as accountable in the fight against Climate Change?

Source: European Investment Bank

31% of Europeans think citizens should take the lead in the fight against climate change, while only 23% of them would give that role to international institutions and 21% to their national governments
66% of Europeans pledge to recycle and sort waste in 2019 vs 60% in the USA and 52% in China
Recycling and sorting waste is the most popular climate-friendly action for 2019 with pledges ranging from 52% to 82% within the EU28
Ahead of the global climate conference COP24, which took place in Poland on 3-14 December 2018, the European Investment Bank launched a first-of-its-kind climate survey, in partnership with the global public opinion company YouGov, to find out how 25 000 citizens feel towards climate change in the European Union, the United States and China. Today the EIB is presenting the findings of the third part of its survey.
The survey results reveal that, while 31% of Europeans consider that it is first and foremost the responsibility of citizens to lead the fight against climate change, for 40% of Chinese citizens and a quarter of Americans, international organisations, such as the United Nations or the World Bank, are the most accountable and should take the lead in this fight.
European citizens want to make a difference in the fight against climate change and believe their own individual contribution can matter as much as the actions undertaken by public bodies. The EIB Climate Survey’s results echo the recent Climate Walks held in various European cities, which demonstrated a significant mobilisation of citizens to act.
The survey also revealed that Europeans are the most inclined to start or continue sorting or recycling their waste, with 66% of respondents pledging to do so in the next 12 months, against 60% in the USA and 52% in China.
When comparing different climate-friendly actions within the EU, recycling and sorting waste is by far the most popular (66%), followed by reducing waste (48%) and buying local or seasonal food (47%). The least popular action is reducing plane travel, with only 11% of Europeans inclined to do so.
Emma Navarro (EIB Vice President, Responsible for Climate and Environment finance) reacted to the EIB Climate Survey findings: “The Survey clearly highlights that citizens feel empowered in the fight against climate change and are ready to commit to concrete actions in 2019.  Europeans in particular are very clear about the future they want. This very positive trend is great news while climate change remains an ever more pressing challenge. The synergies between what a public institution like the EIB can provide in terms of climate-friendly facilities (waste recycling infrastructure, public transports, green energies, etc.) and citizens’ commitment to adopt a more climate-friendly way of living are huge. In 2019, the EIB is more than ever committed to keep the momentum on climate and nurture its nexus with citizens.”
The European Investment Bank (EIB) is committed to serve as one of the largest sources of finance worldwide to fight climate change: the EIB has invested over EUR 130bn globally, supporting the delivery of over EUR 600bn in climate action investment since 2011 – roughly the equivalent of the Polish GDP.
Key charts
Accountability for climate action – who should take the lead?

Waste sorting and recycling – Europe shows the way

Recycling and sorting waste in 2019 within the EU – strong levels of commitment

Top 3 climate actions in the EU for 2019

Country-specific findings
The resources below compile results in local languages on climate-related good resolutions in Germany, Spain, France, Italy, Poland and Sweden.
Third survey:
About the European Investment Bank
The European Investment Bank (EIB) is the long-term lending institution of the European Union and is owned by the EU Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals both in Europe and beyond. The European Investment Bank is active in around 160 countries. It is the world’s largest multilateral financier of climate-related investment with USD 100 billion committed for climate action in the five years up to 2020 in support of the Paris Agreement. The EIB has committed at least 25% of its investments to climate change mitigation and adaptation, rising to 35% in developing countries by 2020. With EUR 19.4 billion dedicated to climate action in 2017, the EIB exceeded its target for the eighth year running.
About the EIB citizens climate survey
The European Investment Bank partnered with global public opinion and data company YouGov to conduct a thorough assessment of citizens’ sentiments towards climate change. The survey aims to inform the broader debate on climate change and understand citizens’ attitudes and expectations in terms of climate actions. There will be six releases of the EIB Climate Survey’s data in 2018 and 2019, with each series of data corresponding to a specific theme and area of focus. 25 000 respondents participated in the survey, with a representative panel for each country.
EIB citizens climate survey:
About YouGov
YouGov is an international data and analytics group. Its core offering of opinion data is derived from its highly participative panel of 6 million people worldwide. YouGov combines this continuous stream of data with its deep research expertise and broad industry experience in a systematic research and marketing platform.
Contact: Thomas Froimovici:, Tel: +352 691 284 262


Romania: Investment Plan for Europe – EIB and Garanti Bank join forces to support businesses run by women

Source: European Investment Bank

First EIB loan tranche dedicated to female entrepreneurs in the EU
It is expected that the overall loan will benefit some 260 SMEs and mid-caps and  support 6,100 jobs
First operation with Garanti Bank increases the number of partner financing institutions in Romania to 16
The European Investment Bank (EIB) is lending EUR 22.3m to Garanti Bank Romania to support businesses in Romania. EUR 5m of the loan amount is devoted to female entrepreneurs, matched by another EUR 5m from Garanti Bank.  This transaction is backed by the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe, or “Juncker Plan”.
This innovative loan tranche will give female entrepreneurs representing small and medium-sized enterprises (SMEs) and mid-caps access to more favourable financing. To be able to access these loans, companies have to be more than 50% owned by one or more women, or 26% to 50% of the shares have to be owned by one or more women, with a woman acting as the company’s chief executive, operating or financial officer.
Fostering gender equality and diversity is part of the EIB’s goal of ensuring that the projects receiving its financing benefit all members of the community. This operation, the first EIB intermediated loan in the EU specifically backing female entrepreneurs, will support women’s participation as key economic actors and is in line with the EIB’s Strategy on Gender Equality and Women’s Economic Empowerment.
EIB Vice-President Andrew McDowell commented: “This innovative project backed by the Investment Plan for Europe enables the EIB for the first time in the EU to provide a loan dedicated to supporting investments by female entrepreneurs. Women entrepreneurs are a powerful source of economic development and they can contribute even more to sustainable growth if they have better access to finance”.
European Commissioner for Regional policy Corina Crețu said: “I am very glad that the Juncker Plan is lending a helping hand to women entrepreneurs in Romania, assisting them express their talents and turn their ideas into concrete projects. Empowering women and giving them the financial means to succeed will directly benefit Romania’s economy. I welcome this new agreement and I hope to see many more like this in the future.”
Ufuk Tandogan, CEO Garanti Bank stated: “Entrepreneurship is an important engine that has contributed to the development of the economy in Romania. Garanti Bank is an active supporter of entrepreneurs in general, and of women entrepreneurs in particular. We will continue to focus on being a solid trustworthy partner for our clients and offer the best financing options, supporting their sustainable growth. This new partnership with EIB encompasses continued assistance for women economic empowerment in Romania. We are glad to sign this new agreement and reinforce our long-term commitment to the Romanian business community”.


Lithuania: New financing for energy efficiency loans with Siauliu Bankas

Source: European Investment Bank

Lithuania: New financing for energy efficiency loans with Siauliu Bankas

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from left to right: Mr Kevin Smith, Director Wind Energy, Det Norske Veritas, Norway, Mr Frank V.Nielsen; Chief Technology Officer, LM Wind Power, Denmark and Mr Konstantin Staschus, Secretary General, European Network of Transmission System Operations for Electricity (ENTSO-E)

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From left to right: Mr. de Paula Coelho, Director of the Asia Latin America Department and Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division

From left to right: Mr. de Paula Coelho, Director of the Asia Latin America Department of the EIB and Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division

Mr Paulo Roberto de Oliveira Araujo, Head of Department, BNDES International Division

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FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB Mr Anton ROP, Vice-President of the EIB

FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB, Mr Anton ROP, Vice-President of the EIB

FROM LEFT TO RIGHT: Mr Andrzej KRZEMINSKI President of the Management Board- EFL Mrs Anita FÜRSTENBERG-LUCIUS, Director EIB Mr Anton ROP, Vice-President of the EIB

FROM LEFT TO RIGHT: Mr Zygmunti TRYBKA, Director of the Financing Department EFL and Mr Piotr KOZIOL, Director of the Legal Department EFL

Group picture of the signature EFL Loan for SMEs and Mid-Caps III

from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.

from left to right: Mr. Jack Nkusi KAYONGA, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director of the Central and Eastern Africa, Pacific Department of the EIB

Mr. Jack Nkusi KAYONGA, Chief Executive Officer of the Rwanda Development Bank

from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.

from left to right:Mrs Flavia Palanza, Associate Director for Central and Eastern Africa, EIB, Mr. Jack Nkusi Kayonga, Chief Executive Officer of the Rwanda Development Bank and Mr Patrick Walsh, Director responsible for Africa, Caribbean and Pacific operations.

J.A.Mannai, Président du Fonds Monétaire Arabe; P.Maystadt, Président de la BEI; A.M.Ali Al-Madani, Président de la Banque Islamique de Développement; F.Baroin, Ministre de l’Economie, des Finances et de l’Industrie; D.Kaberuka, Président de la Banque Africaine de Développement; C.Lagarde, directrice générale du FMI

Photo de la signature

Photo de groupe de la signature

from left to right: Founders and biggest investors:

From left to right: all investors+Fund Manager:

Mr Anton Rop, Vice President of the European Investment Bank

de gauche à droite: M. Othman Ben Arfa, PDG de la STEG, M. Philippe de Fontaine Vive, Vice-président de la BEI et M. Mohamed Nouri Jouini, Ministre du Développement et de la Coopération Internationale

de gauche à droite: M. Othman Ben Arfa, PDG de la STEG et M. Philippe de Fontaine Vive, Vice-président de la BEI

de gauche à droite: M. Othman Ben Arfa, PDG de la Société Tunisienne de l’Electricité et du Gaz , M. Philippe de Fontaine Vive, Vice-président de la BEI et M. Mohamed Nouri Jouini, Ministre du Développement et de la Coopération Internationale

De gauche à droite:

Closing Ceremony Rural Impulse Fund II SA, SICAV-SIF; Luxembourg 1st June 2010


de gauche à droite: M.Carlos Da Silva Costa ,Vice Président de la BEI et M. Valls i Riera, Président de l’Autoridad Portuaria de Barcelona.

de gauche à droite: Carlos da Silva Costa, vice-président de la BEI et Ignacio Galán, Président d’Iberdrola

M. Philippe Maystadt, Président de la BEI, S.E.M. Premier Ministre de la Serbie et M. Dario Scannapieco, Vice-Président de la BEI à la signature de contrats

M. Philippe Maystadt, Président de la BEI et S.E.M. Mirko CVETKOVIC, Premier Ministre de la République de Serbie à la signature du livre d’or

Mr. I Dalianis, Financial Manager of Symetal ,Mr. K Kontos, General Manager of Symetal , Mr P Sakellaris Vice President of the EIB, Mr. D Kyriakopoulos, Executive Vice President of Elval and Mr. L Varouchas, General Manager of Elval

Mr P.Sakellaris, Vice President of the EIB and Mr D. Kyriakopoulos, Executive Vice President of Elval

Mr P. Sakellaris, Vice President of the EIB and Mr D.Kyriakopoulos, Executive Vice President of Elval

Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB

Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB

Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB

Press conference in Athens today, Mr Plutarchos Sakellaris, Vice President of the EIB

The Marseille Center for Mediterranean Integration is launched today

Le Centre de Marseille pour l’Intégration en Méditerranée est inauguré aujourd’hui


Session on “Modelling Cities and Urban Dynamics” hosted by the EIB-University Action Programme


Alle Videos



Spain: Investment and jobs in Castilla-La Mancha – EIB provides financing to MERLIN to build four latest generation logistics parks

Source: European Investment Bank

EU bank provides firm with loan of up to EUR 115m
The project will help create 1 500 jobs during the implementation phase, together with over 400 permanent positions
The European Investment Bank (EIB) is to provide EUR 115m of financing to MERLIN to develop four new latest generation logistics parks in Castilla-La Mancha. The project will make it possible to meet the growing demand for space and logistics services driven by various factors including the growth of online retail.
EIB Vice-President Emma Navarro, MERLIN’s Corporate Managing Director Miguel Ollero and its Financial Director Fernando Lacadena signed a EUR 51m loan agreement  in Madrid. This is the first tranche of a total of EUR 115m that the EIB will provide to develop this project. 
With total surface area of around 400 000 m2, the new logistics parks will be located in established logistics zones. In concrete terms, three of the parks will be built in the Cabanillas and Azuqueca de Henares areas (Guadalajara), and the fourth in Seseña (Toledo). These are strategic locations given that the expansion of online retail is increasing demand for logistics space near the Madrid-Barcelona (A2) and Madrid-South (A4) corridors.
In addition to being located in a priority region under the EU’s cohesion policy, the project also has an environmental component as the new buildings will be latest generation logistical warehouses including measures contributing to energy efficiency and the use of alternative energies. They will be sustainable buildings with the LEED Silver/BREEAM very good accreditation.
The logistics platforms will also have high capacities to facilitate their activity. As well as generating new business opportunities surrounding areas, the project will have a direct positive effect on job creation, helping to employ 1 500 people during the implementation phase and over 400 on a permanent basis once operations begin. 
At the signing ceremony at the EIB’s offices in Madrid, EIB Vice-President Emma Navarro said: “We are delighted to support a project that contributes to economic, social and territorial cohesion within the EU by developing modern and sustainable logistics facilities helping to meet the growing needs of the sector. This project will generate significant economic and social externalities, both via the boost it will provide to competitiveness and economic development in Castilla-La Mancha and through its major contribution to job creation.”