Minister of Foreign Affairs of Belarus V.Makei meets Deputy Minister of Foreign Affairs of the Republic of Korea

MIL OSI – Source: Belarus Ministry of Foreign Affairs in English – Press Release/Statement

Headline: Minister of Foreign Affairs of Belarus V.Makei meets Deputy Minister of Foreign Affairs of the Republic of Korea

25-05-2016

On May 25, 2016 Minister of Foreign Affairs of the Republic of Belarus, Vladimir Makei, met with the Deputy Minister for Economic Affairs of the Ministry of Foreign Affairs of the Republic of Korea, Lee Tae-ho.

Lee Tae-ho is visiting Minsk to take part in the 4th session of the Joint Committee on Economic, Scientific and Technical Cooperation of the Republic of Belarus and the Republic of Korea.

During the meeting, the parties discussed a wide range of bilateral issues and confirmed interest in further development of trade and investment cooperation, promotion of collaboration in information and computer technology and expansion of bilateral business contacts.

     

"Lassen Sie uns mehr Optimismus beim Umgang mit der Digitalisierung wagen"

MIL OSI – Source: Deutsche Telekom –

Headline: “Lassen Sie uns mehr Optimismus beim Umgang mit der Digitalisierung wagen”

  • Telekom-Chef Tim Höttges mahnt zu digitaler Verantwortung
  • Netzausbau bleibt für Deutsche Telekom Grundlage für alle Aktivitäten
  • Kritik an Wettbewerbern: “Jammern baut kein Netz. Besser investieren als kritisieren.”
  • Dividende soll um 10 Prozent auf 55 Cent je Aktie steigen

Ein Unternehmen auf Wachstumskurs als Wegbereiter der Digitalisierung. So präsentierte sich die Deutsche Telekom bei ihrer ordentlichen Hauptversammlung in der Lanxess Arena in Köln.

“Die Digitalisierung ist das größte Geschenk, weil sie den Wohlstand unserer Kinder ermöglicht. Sie verspricht neue Technologien, die das Leben von Menschen vereinfachen. Sie ist Motor für eine neue industrielle Revolution”, sagte Vorstandsvorsitzender Tim Höttges in seiner Rede vor den Aktionären. “Lassen Sie uns beim Umgang mit der Digitalisierung darum mehr Optimismus wagen.”

Digitalisierung zum Anfassen präsentierte Höttges gleich zu Beginn seiner Rede. Am Rande der Bühne der Hauptversammlung demonstrierte er in einem dort aufgebauten Wohnzimmer Möglichkeiten der Vernetzung wie die Steuerung elektrischer Geräte mit den Smart-Home-Lösungen von Qivicon. Außerdem spielte die neue IPTV-Plattform Entertain eine wichtige Rolle.

“Aber was wir als großartige Chance sehen, macht anderen Sorgen”, räumte Höttges ein. “Wir nehmen diese Sorgen ernst. Anfang des Jahres haben wir eine Initiative gestartet, mit der wir die Diskussion über die digitale Verantwortung in Gang bringen wollen. Denn auch wir lernen. Wir kennen nicht alle Antworten. Aber wir kennen die Experten, die sich jeden Tag damit beschäftigen. Wir laden ein – zum öffentlichen und offenen Dialog.”

Für das abgelaufene Geschäftsjahr resümierte Höttges: “Die Telekom war 2015 erfolgreich. Und wir halten, was wir versprechen.” Die Dividende soll entsprechend dem Vorschlag von Vorstand und Aufsichtsrat gegenüber dem Vorjahr um 10 Prozent auf 55 Cent je Aktie steigen. Wie schon in den drei Jahren zuvor haben die Aktionäre die Möglichkeit, die Dividende wahlweise in bar oder in Form von Aktien zu erhalten. Im vergangenen Jahr wurde die zweite Option für 49 Prozent der Aktien gewählt. “Dadurch wurden rund 1,1 Milliarden Euro weniger Bardividende ausgezahlt. Das hat uns bei unserem Wachstumskurs geholfen”, erklärte Höttges.

Die Dividende soll also – wie beim Kapitalmarkttag 2015 angekündigt – im Einklang mit der Entwicklung des Free Cashflows wachsen. Dieser stieg 2015 um 9,8 Prozent auf 4,5 Milliarden Euro. Auch andere Kennzahlen dokumentieren den Wachstumskurs im erfolgreichen Geschäftsjahr 2015: Der Konzernumsatz legt um 10,5 Prozent auf 62,2 Milliarden Euro zu, beim bereinigten EBITDA gab es ein Plus von 13,3 Prozent auf 19,9 Milliarden Euro und der bereinigte Konzernüberschuss kletterte gegenüber 2014 um fast 70 Prozent auf 4,1 Milliarden Euro.

Der Vorstandsvorsitzende skizzierte drei Themenfelder, um die Telekom 2016 weiter voranzubringen:

  • Beteiligungsstruktur. Als Beispiel für die Schaffung von Wert für die Aktionäre nannte Höttges Großbritannien, wo aus 50 Prozent an der reinen Mobilfunk-Beteiligung EE zwölf Prozent an BT, der klaren Nummer eins auf dem Telekommunikationsmarkt in der zweitgrößten Volkswirtschaft Europas, wurden.
  • Kundenservice. Zu den Beispielen für weitere Verbesserungen gehören hier der persönliche Berater bei Wechsel oder Umzug und eine neue App für alle Fragen rund um den Service.
  • Netzausbau. “Das ist und bleibt die wichtigste Grundlage für alles, was wir tun. Und es ist mir ein Herzensanliegen”, sagte Höttges.

Mit 10,8 Milliarden Euro investierte der Konzern – vor allem in die Netze – im abgelaufenen Jahr 13,6 Prozent mehr als 2014. “Die Telekom liefert seit Jahren das beste Netz. Unser Kernprodukt ist zeitlos. Aber wir erfinden es stetig neu. Und wir planen unser Netz so, dass es Antwort auf die digitale Zukunft ist”, sagte Höttges. “2010 war mein Vorgänger René Obermann der Erste in Deutschland, der von der Gigabit-Gesellschaft gesprochen hat. Heute sprechen alle davon. Aber nur die Deutsche Telekom hat in den vergangenen sechs Jahren danach gehandelt.”

Höttges stellte für den Heimatmarkt klar, dass leistungsfähige Breitband-Infrastruktur entscheidend ist: “Ich bin hier glasklar: Deutschland braucht schnelle Netze. Und zwar heute und nicht morgen.”

Der Vorstandsvorsitzende fand auch klare Worte zum Wettbewerb auf dem Breitbandmarkt: “Unsere Wettbewerber kritisieren und jammern in einer Tour. Mal finden sie die Mieten zu hoch, die sie für unser Netz zahlen. Mal haben wir angeblich die falsche Technik. Dann ist der Ausbau angeblich zu langsam. Aber sobald wir ausgebaut haben, nehmen genau diese Kritiker unser Netz. Sie vermarkten unsere Produkte unter eigenem Namen. Es wäre besser für Deutschland, wenn andere auch ausbauen. Jammern baut kein Netz. Besser investieren als kritisieren. Dann hätten wir echten Wettbewerb der Infrastrukturen.”

Für das Netz der Zukunft stellte Höttges klar, dass dieses auf Glasfaser basiere, aber mehr sei als hohe Bandbreiten. Seine Qualität definiere sich auch über Zuverlässigkeit, nahtlosen Wechsel zwischen Mobilfunk und Festnetz und schnelle Reaktionszeiten. Nur so seien Anwendungen wie das vernetzte Auto möglich.

“Dieses Netz von morgen hat einen Namen: 5G. Darin kommunizieren Menschen und Milliarden von Maschinen und Sensoren. Das ist die digitale Zukunft. 5G ist unsere Antwort. Ab 2020 starten wir damit. Aber schon heute bereiten wir uns darauf vor.”

Diese Medieninformation enthält zukunftsbezogene Aussagen, welche die gegenwärtigen Ansichten des Managements der Deutschen Telekom hinsichtlich zukünftiger Ereignisse widerspiegeln. Diese zukunftsbezogenen Aussagen beinhalten Aussagen zu der erwarteten Entwicklung von Umsätzen, Erträgen, Betriebsergebnis, Abschreibungen, Cashflow und personalbezogenen Maßnahmen. Daher sollte ihnen nicht zu viel Gewicht beigemessen werden. Zukunftsbezogene Aussagen unterliegen Risiken und Unsicherheitsfaktoren, von denen die meisten schwierig einzuschätzen sind und die generell außerhalb der Kontrolle der Deutschen Telekom liegen. Zu den Faktoren, die unsere Fähigkeit zur Umsetzung unserer Ziele beeinträchtigen könnten, gehören auch der Fortschritt, den wir im Rahmen unserer personalbezogenen Restrukturierungsmaßnahmen und anderer Maßnahmen zur Kostenreduzierung erzielen, sowie die Auswirkungen anderer bedeutender strategischer, arbeitsbezogener und geschäftlicher Initiativen, so z. B. der Erwerb und die Veräußerung von Gesellschaften, Unternehmenszusammenschlüsse und unsere Initiativen zur Netzmodernisierung und zum Netzausbau. Weitere mögliche Faktoren, welche die Kosten- und Erlösentwicklung wesentlich beeinträchtigen können, sind ein Wettbewerb, der schärfer ist als erwartet, Veränderungen bei den Technologien, Rechtsstreitigkeiten und regulatorische Entwicklungen. Des Weiteren können ein konjunktureller Abschwung in unseren Märkten sowie Veränderungen in den Zinssätzen und Wechselkursen ebenfalls einen Einfluss auf unsere Geschäftsentwicklung und die Verfügbarkeit von Kapital unter vorteilhaften Bedingungen haben. Veränderungen unserer Erwartungen hinsichtlich künftiger Cashflows können Wertminderungsabschreibungen für zu ursprünglichen Anschaffungskosten bewertete Vermögenswerte haben, was unsere Ergebnisse auf Konzern- und operativer Segmentebene wesentlich beeinflussen könnte. Sollten diese oder andere Risiken und Unsicherheitsfaktoren eintreten oder sich die den Aussagen zugrunde liegenden Annahmen als unrichtig erweisen, könnten unsere tatsächlichen Ergebnisse wesentlich von denjenigen abweichen, die in zukunftsbezogenen Aussagen ausgedrückt oder impliziert werden. Wir können nicht garantieren, dass unsere Schätzungen oder Erwartungen tatsächlich erreicht werden. Wir lehnen – unbeschadet bestehender kapitalmarktrechtlicher Verpflichtungen – jede Verantwortung für eine Aktualisierung der zukunftsbezogenen Aussagen durch Berücksichtigung neuer Informationen oder zukünftiger Ereignisse oder anderer Dinge ab.

Zusätzlich zu den nach IFRS erstellten Kennzahlen legt die Deutsche Telekom auch Pro-forma-Kennzahlen vor, einschließlich EBITDA, EBITDA-Marge, bereinigtes EBITDA, bereinigte EBITDA-Marge, bereinigtes EBT, bereinigter Konzernüberschuss, Free Cashflow sowie Brutto- und Netto-Finanzverbindlichkeiten, die nicht Bestandteil der Rechnungslegungsvorschriften sind. Diese Kennzahlen sind als Ergänzung, jedoch nicht als Ersatz für die nach IFRS erstellten Angaben zu sehen. Pro-forma-Kennzahlen, die nicht Bestandteil der Rechnungslegungsvorschriften sind, unterliegen weder den IFRS noch anderen allgemein geltenden Rechnungslegungsvorschriften. Andere Unternehmen legen diesen Begriffen unter Umständen andere Definitionen zugrunde.

Über die Deutsche Telekom
Die Deutsche Telekom ist mit über 156 Millionen Mobilfunkkunden sowie 29 Millionen Festnetz- und rund 18 Millionen Breitbandanschlüssen eines der führenden integrierten Telekommunikationsunternehmen weltweit (Stand 31. Dezember 2015). Der Konzern bietet Produkte und Dienstleistungen aus den Bereichen Festnetz/Breitband, Mobilfunk, Internet und Internet-basiertes Fernsehen für Privatkunden sowie ICT-Lösungen für Groß- und Geschäftskunden. Die Deutsche Telekom ist in über 50 Ländern vertreten und beschäftigt weltweit rund 225.200 Mitarbeiter. Im Geschäftsjahr 2015 erzielte der Konzern einen Umsatz von 69,2 Milliarden Euro, davon wurde rund 64 Prozent außerhalb Deutschlands erwirtschaftet.

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Сотрудниками НЦБ Интерпола из ОАЭ в Россию экстрадирован житель Башкортостана

MIL OSI – Source: Russian Federation Ministry of Internal Affairs –

Headline: Сотрудниками НЦБ Интерпола из ОАЭ в Россию экстрадирован житель Башкортостана

«Сегодня в международном аэропорту Абу-Даби Объединенных Арабских Эмиратов состоялась процедура передачи сотрудникам НЦБ Интерпола МВД России и ФСИН России жителя Башкирии, разыскиваемого за незаконное хранение оружия и боеприпасов, а также участие вэкстремистской организации», сообщила официальный представитель МВД России Ирина Волк.

В настоящее время подозреваемый экстрадирован на территорию России, – уточнила Ирина Волк

В июле 2012 года Главным следственным управлением МВД по Республике  Башкортостан в отношении гражданина было возбуждено уголовное дело. Виюне 2015 года на основании запроса МВД по Республике Башкортостан с целью ареста и последующей экстрадиции в Российскую Федерацию мужчина был объявлен в международный розыск.

В ходе проведения оперативно-розыскных мероприятий 12 мая текущего года разыскиваемый был задержан на территории Объединенных Арабских Эмиратов. Компетентные органы данного государства приняли положительное решение на ходатайство Генеральной прокуратуры Российской Федерации о выдаче подозреваемого в преступлении на территорию России.

Сотрудниками правоохранительных органов Объединенных Арабских Эмиратов гражданин передан сотрудникам НЦБ Интерпола МВД России и ФСИН России для экстрадиции на Родину.

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GBP 525m European backing for Beatrice windfarm off Caithness coast

MIL OSI – Source: European Investment Bank –

Headline: GBP 525m European backing for Beatrice windfarm off Caithness coast

The European Investment Bank has agreed to provide GBP 525 million for construction of the Beatrice windfarm to be built 14 km off the Caithness coast, near Wick in north-east Scotland. This represents the single largest support ever for investment in an offshore wind project by the European Investment Bank.

 This is also the first project in Scotland to be supported by the new European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, intended to generate EUR 315 billion of new investment across Europe.

“We are delighted that Beatrice has achieved Financial Close and we are extremely grateful for all of the support received throughout the development of the project from stakeholders such as the Scottish Government, DECC, HIE, the Highland Council, Moray Council and local communities. Contracts have already been placed with many UK based suppliers, and Siemens intend to undertake turbine blade construction from Siemen’s new manufacturing facility in Hull. Today’s decision reaffirms SSE’s commitment to offshore wind and we are proud to progress such a flagship project for the Scottish offshore wind industry and the UK’s skilled supply chain. It shows SSE will continue to play its part in investing in the critical energy infrastructure the country needs to power homes across the UK both today and in the future.” said Paul Cooley, Director of Renewables at SSE.

“Around £10m of investment is planned at Wick Harbour to house the wind farm’s operations and maintenance facilities and improving the existing RNLI facilities. We expect a peak of around 65 jobs during construction of the Operations and Maintenance base with around 90 long-term jobs anticipated during the operational phase.” added Cooley.

“Investment in offshore wind is crucial to harnessing the full potential of Scotland’s renewable energy resources. The European Investment Bank is one of the world’s largest lenders for renewable energy and our backing for Beatrice represents the EIB’s largest ever support for offshore wind investment. We are pleased to provide GBP 525 million to support construction of the Beatrice windfarm that will strengthen renewable energy generation in Scotland. This also represents the first Scottish scheme to be backed by the new European Fund for Strategic Investments. EIB backing for energy investment across the UK demonstrates our firm commitment to supporting ambitious energy projects that create jobs and benefit local companies.” said Jonathan Taylor, European Investment Bank Vice President.

 “The UK is the world leader in offshore wind; and this industry, backed by the UK Government and benefiting from our access to the EU single market, is a success story going from strength to strength. This project will provide home-grown clean energy boosting skills and creating jobs and financial security for working people and their families in Scotland, and across the UK. This is great news for the industry and I congratulate the owners SSE, Copenhagen Infrastructure Partners and SDIC Power on achieving this significant milestone in the development of this multi-billion pound infrastructure project.” said Secretary of State for Energy and Climate Change Amber Rudd.

“The Beatrice Offshore Windfarm has the opportunity to deliver so much to Caithness and Scotland as a whole, in terms of employment and community benefit. Scotland’s renewables sector is stronger than ever and our early adoption of clean, green energy technology and infrastructure was the right thing to do. Renewables are now Scotland’s biggest electricity generator, and nearly half of gross electricity consumption comes from renewables. Scotland is well on course to meet its interim renewables target and is delivering a strong contribution to global climate efforts. I look forward to this project contributing to our green energy mix.” said Paul Wheelhouse, Minister for Business, Innovation & Energy in the Scottish Government.

“Thanks to the Investment Plan and the European Investment Bank, we are getting closer to reaching our COP21 goals. Already the European Fund for Strategic Investments has helped to finance sustainable, green investments across the EU worth billions of euros. Indeed more than half of the EFSI projects approved so far are in renewable energy, energy efficiency and green investment. There’s a business case; it’s time to invest!”, said Maroš Šefcovic, European Commission Vice-President responsible for Energy Union.

The 86 turbine Beatrice windfarm will generate up to 588MW of renewable electricity equivalent to the energy needs of more than 475 thousand homes and is expected to be fully operational in 2019. The new wind farm will cost more than GBP 2.7bn and be built by Beatrice Offshore Windfarm Limited, a partnership formed between SSE, SDIC Power and Copenhagen Infrastructure Partners. Construction and operation of the Beatrice windfarm will support job creation, skills training opportunities and opportunities for local businesses in both the Moray and Highland regions of Scotland.

The Beatrice windfarm will use a new generation of Siemens 7MW Wind Turbines with 154-meter diameter rotor blades. The wind turbines, the largest generally available, will each be more than 190m high, taller than the Gherkin building in the City of London. The wind farm will be controlled and operated from a base at Wick, with access to the wind farm primarily by Crew Transfer Vessel as well as by helicopters.

The GBP 525 million 19 year long-term European Investment Bank loan will support more than GBP 2.7 billion of overall investment. Part of the European Investment Bank loan will be guaranteed under the European Fund for Strategic Investments.

The European Fund for Strategic Investments was established last year by the European Investment Bank and the European Commission to enable increased lending crucial projects by the European Investment Bank in strategic sectors such as renewable energy, digital infrastructure, social infrastructure, transport and R&D; as well as financing for SMEs.

SSE is working closely with local businesses to create a sustainable local supply chain, advertise opportunities for local suppliers and provide opportunities for local firms to benefit from investment in Scotland’s power infrastructure.

In the last 10 years the European Investment Bank has provided more than GBP 4 billion for direct investment in Scotland, with additional investment from UK wide programmes. This has included transport, education, social housing, transport, water, energy, urban regeneration and new hospital investment across the Scotland, alongside additional investment from UK wide programmes.

The European Investment Bank is the world’s largest international public bank and is 16% owned by the UK government.  

Over the last decade the European Investment Bank has provided more than GBP 10 billion for investment in energy infrastructure across the UK including renewable energy schemes, national transmission networks and regional power distribution as well as inter-connectors to Ireland, France and the Netherlands.

Lending by the EIB in the UK last year totalled GBP 5.6 billion and supported long-term investment in 40 projects across the country.  This represented the largest annual engagement since the start of EIB lending in the UK in 1973 which has supported nearly GBP 16 billion of overall investment.

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EU bank backing humanitarian efforts for refugees by building economic resilience

MIL OSI – Source: European Investment Bank –

Headline: EU bank backing humanitarian efforts for refugees by building economic resilience

The President of the European Investment Bank, Werner Hoyer, has called for international humanitarian efforts tackling the refugee crisis to be reinforced by action that helps countries and communities anticipate and respond to crises in a resilient manner. EIB President Werner Hoyer was speaking ahead of the first-ever UN World Humanitarian Summit to be held in Istanbul on 23 – 24 May, gathering world leaders, civil society, multilateral development banks and other key actors in the world of development and humanitarian aid.

EIB President Werner Hoyer said, “It is clear that more medium and long term measures are needed to strengthen the international community’s response to the current crisis of forced displacement, as well as the wider global challenge of migration. Short-term humanitarian interventions are urgent but they do not address the causes of forced displacement and the need to build economic resilience in these countries. We have to ensure continuity and equally strengthen basic services and social infrastructure in countries of origin, transit and host countries. 

He added, “As one of the most engaged International Financial Institutions in the affected regions, the European Investment Bank, as the EU bank, is well placed to deliver a concrete response. Alongside other fellow Multilateral Development Banks we plan to strengthen our contribution both in terms of financing and advisory support on the ground. We are currently putting in place a range of new initiatives and expanding the current activities. Only by working together and creating synergies between development finance and humanitarian assistance, we can have a lasting impact.“

The EIB, whose shareholders are the 28 governments of the EU, is the largest international financial institution active in the Mediterranean region, with unparalleled experience of more than three decades investing in both public and private sector projects in the region, from energy, transport, and water supply infrastructure, to support for small business, female entrepreneurship , youth employment and microfinance.

The EIB currently has a total signed exposure in the MENA (Middle East and North Africa), Turkey and the Western Balkans at around EUR 40 billion* (about USD 44 billion). 

At the European Council in June, the EIB will present its Resilience Initiative in response to the refugee crisis in the Southern Mediterranean and the Western Balkan countries as requested by the European Union Heads of State and Governments. This could involve a significant increase of financing and instruments to support key infrastructure projects and mobilise the private sector. 

Expected EIB investment over the next 5 years currently amounts to EUR 17.5bn (USD 19.7bn)for MENA,Turkey and the Western Balkans. The Bank could substantially do more, stepping-up its financing provided the required conditions are in place, notably availability of guarantee and grant support.

Flagship EIB projects/activities:

  • Jordan: EIB loan blended with EU investment grants, in favour of the Wadi Al Arab Water System II project aimed to address water scarcity in the fourth most water-scarce country in the world, further exacerbated by the significant influx of Syrian refugees in the country.
  • Turkey: Greater Anatolia Guarantee Facility (GAGF) launched as an EIB Group product in partnership with the Republic of Turkey and the EU Commission to enhance access to finance for SMEs and micro-enterprises in the less developed regions of Turkey. EIB loans and EIF guarantees are matched by own resources of partner local banks.
  • Egypt and Lebanon: Based on EU funds’ risk capital resources, the EIB is the cornerstone investor in the Euromena Fund which, amongst others, invested in an Egyptian company that provides IT solutions. It has developed an e-learning solution for the Syrian refugees that has been successfully implemented under a pilot phase in a refugee camp in Lebanon.
  • The EIB is also preparing a EUR 71.5million (USD 80.2 million) microfinance facility for its Southern Neighbourhoods region, which would emphasise projects in Jordan and Lebanon. It will be financed with a contribution from the EU Budget and EIB’s own resources.
  • EIB Supporting Entrepreneurship – Microfund for Women: The first EIB-backed microfinance operation in Jordan for EIB. The fund is helping low-income women engage in economic activity with small loans and technical assistance. The Fund has recently launched a micro-insurance product. Video here. 
  • EIB supported SiliconBadia is providing loans and advisory services to tech and youth start-ups in Jordan. SiliconBadia’s Emile Cubeisy explains.

* Figure updated on 23/05/16

Useful Links / More information

EIB Tackling Global Challenges Together: Together on forced displacement and migration

EIB participation at the UN Humanitarian Summit: Event information

UN Humanitarian Summit: Official event website

Supporting entrepreneurship in MENA (NEW Video: Microfund for Women)

EIB backs tech and youth start-ups in Jordan (NEW Video: SiliconBadia)

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EIB backs EUR 5.3 billion new loans – reinforces SME support and takes investment supported under the Investment Plan for Europe to EUR 100 billion

MIL OSI – Source: European Investment Bank –

Headline: EIB backs EUR 5.3 billion new loans – reinforces SME support and takes investment supported under the Investment Plan for Europe to EUR 100 billion

The Board of Directors of the European Investment Bank today approved EUR 5.3 billion of new loans to support small business lending and finance new investment in schools, corporate research and development, water infrastructure, local transport schemes, and urban regeneration. EIB financing for 8 of the 26 projects is expected to be guaranteed by the EU budget guarantee under the Investment Plan for Europe. 

The EIB board backed more than EUR 2 billion of new support to strengthen investment by small business across Europe. This included cooperation with national promotional banks and other intermediaries in Spain, Italy and Germany, providing guarantees to enable new lending, and targeted engagement to unlock investment in supply chain companies in Portugal. 

Meeting at the EIB’s headquarters in Luxembourg, representatives of the EIB’s shareholders, the 28 EU member states, approved a total of 26 different loans, including 8 projects earmarked for financing by the EIB under the EU budget guarantee as part of the Investment Plan for Europe. 

“The EIB Group is delivering on the financial side of the Investment Plan for Europe. Less than a year since launch, the EIB Group has approved lending and guarantees under the Investment Plan for Europe that are expected to mobilise EUR 100 billion of total investment. This is nearly a third of the final EUR 315 billion target. The road ahead is long, and everyone must do their part, including in completing the common market and improving regulatory environment for investment. But progress so far is very encouraging”, said European Investment Bank President Werner Hoyer. 

The small business lending programmes backed by the board builds on the proven track record of the EIB Group, comprising the European Investment Bank and European Investment Fund, in providing guarantees and venture capital to financial intermediaries and allowing them to increase SME lending. All intermediary banks working with the EIB are committed to increase SME lending as a result of the EIB Group’s support. 

“The EIB Group is committed to addressing specific challenges that hinder investment by small business across Europe. We want to allow local banks to support investment by local firms. Today the Board approved new initiatives in Spain, Portugal and Italy, where new lending by partner banks will contribute to create jobs and strengthen competitiveness“, said  President Hoyer. 

The EIB also approved new lending totalling nearly EUR 4 billion for large scale investment projects including the first phase of the new Terminal 3 at Frankfurt Airport, expansion of the Espoo metro in Finland, new trains on the Liverpool rail network, water investment in Wales and the Netherlands, and higher-education, social housing, healthcare and housing facilities which could help address the refugee emergency in Germany. The EIB Board approved support for urban investment in Bologna, Gdansk and Szczecin in Poland and the German state of Hessen, alongside financing the largest near-zero energy building in Helsinki and urban development in the suburb of Pasila. 

“Across Europe and beyond opportunities are lost and economic growth delayed due to a challenging investment climate. In response the European Investment Bank is continuing to step up engagement and ensure a more targeted response to local investment needs. The broad scope of new infrastructure schemes approved today demonstrates the EU Bank’s firm resolve and clear commitment to ensuring that small business can invest, strategic infrastructure expand and crucial public services improve. We look forward to discussing how we can continue to strengthen the role of the EIB with Europe’s finance ministers, our Governors, when they meet in Brussels next week.” added President Hoyer. 

New EIB investment outside Europe included a new hospital in Bursa, the fourth most populous city in Turkey; providing mobile phone coverage in post-conflict Democratic Republic of the Congo and Cameroon; improving irrigation in Armenia; and improving wastewater treatment in the Sri Lankan capital Colombo. 

All projects, including those earmarked for support under the EU budget guarantee, need to receive approval of the EIB Board prior to loan contracts being finalised. Loans and guarantees approved by the Board of Directors will be finalised in cooperation with promoters and beneficiaries, and figures may vary. 

The Board of Governors of the European Investment Bank will meet in Brussels on 25th May. The Board of Governors comprises Ministers designated by each of the 28 Member States, usually Finance Ministers. It lays down credit policy guidelines, approves the annual accounts and balance sheet, and decides on the Bank’s participation in financing operations outside the European Union as well as on capital increases. It also appoints the members of the Board of Directors, the Management Committee and the Audit Committee.

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EIB visit to see benefit of GBP 2.25 billion United Utilities investment

MIL OSI – Source: European Investment Bank –

Headline: EIB visit to see benefit of GBP 2.25 billion United Utilities investment

Jonathan Taylor, Vice President of the European Investment Bank, today visited Davyhulme, Manchester wastewater treatment works to see at first hand one of the crucial investment projects underway to improve United Utilities’ water and wastewater infrastructure in the north-west supported by the European Investment Bank. Over the last 12 years the European Investment Bank has provided GBP 2.25 billion to support investment by United Utilities that benefits customers and the environment, as well as local companies across the north-west.

The European Investment Bank is the world’s largest lender for water-related investment and has provided more than GBP 12.6 billion for investment in water and wastewater infrastructure across the UK since 1975, including expanding reservoirs, reducing leaks and protecting against flooding. The European Investment Bank is the world’s largest international public bank and 16% owned by the UK government.

Last month the European Investment Bank, Europe’s long-term lending institution, agreed a new GBP 500 million loan to support investment across the north-west of England by United Utilities. The 18 year loan will be used over the next 4 years to finance improvements to the region’s water and wastewater network. As the North West’s water and wastewater company, United Utilities is responsible providing water and wastewater services to seven million domestic customers and 200,000 business customers.

Russ Houlden, Chief Financial Officer at United Utilities, said: “We are investing around GBP 200 million at Davyhulme.  This will enable the works to process increased flows associated with population growth and to be more resilient to extreme weather events. Through low cost financing from the European Investment Bank and a more efficient process, we will continue our march towards the lowest sustainable cost, helping us give our customers the best possible value for the bills they pay.”

Jonathan Taylor, European Investment Bank Vice President, said: “Treatment of wastewater at Davyhulme, one of the largest treatment works in Europe, builds on the pioneering foresight of Manchester’s city fathers over a century ago. As the largest lender to the UK water sector since before privatisation the European Investment Bank is pleased to support the impressive new investment by United Utilities at Davyhulme. This work seen here today already involves companies from across the region and the scheme will provide benefits for the north west for decades to come.”

Local schemes being supported by the new European Investment Bank loan include the proposed pipeline to link West Cumbria to Thirlmere and the rest of the regional water network; work in Blackpool to increase the capacity of the sewer network and reduce the impact of storm overflows on bathing waters, as well as upgrading the Davyhulme wastewater treatment works. Capital investment backed by the European Investment Bank loan also includes enabling customers to better manage water use through water meters.

Lending by the European Investment Bank in the UK last year totalled GBP 5.6 billion and supported long-term investment in 40 projects across the country. This represented the largest annual engagement since the start of EIB lending in the UK in 1973, which has supported nearly GBP 16 billion of overall investment.

The European Investment Bank has a strong track record of supporting long-term investment across the north-west of England for more than 40 years and is committed to supporting long-term investment across the UK. Over the last decade, in response to requests from public sector and private business clients, the European Investment Bank has provided more than GBP 5.3 billion for direct investment in transport, education, social housing, water, energy, healthcare and urban regeneration across the north-west.

This has included support for the new Alder Hey in the Park and Royal Liverpool University Hospitals, Manchester Metrolink, upgrading the West Coast Mainline, investment at Halewood and providing half the financing for the Liverpool 2 Port scheme. The EIB has also supported investment in new schools in Manchester, Stockport, Wigan, Blackpool, Halton and Chester and social housing across the region including in Toxteth, Chester and Port Sunlight.

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EIB provides EUR 50 million to Gorenje to develop a new generation of domestic appliances

MIL OSI – Source: European Investment Bank –

Headline: EIB provides EUR 50 million to Gorenje to develop a new generation of domestic appliances

The European Investment Bank (EIB) is lending EUR 50 million to Gorenje Gospodinjski aparati d.d., one of the leading European traditional manufacturer of household electrical appliances. The EIB loan will have a maturity of up to 7 years and will finance the company’s 4-year research, development and innovation expenditure programme aimed at strengthening its innovative capacity by developing new domestic appliances and upgrading its existing product range.

This is the first transaction in Slovenia supported by “InnovFin – EU Finance for Innovators’ InnovFin Large Projects”, with the financial backing of the European Union under Horizon 2020 Financial Instruments.

EIB Vice-President László Baranyay, responsible for the Bank’s operations in Central European countries, commented: “The EIB loan will contribute to the much-needed strengthening of the competitiveness of the European economy by supporting Gorenje’s RDI activities and manufacturing of innovative and environmentally friendly electrical appliances in various EU Member States”. 

Franjo Bobinac, President and CEO of the Gorenje Group, stated: “Our Strategic Plan 2016-2020 is summed up by the slogan G4: Gorenje Group Grows Global. Its driving force is the development of premium and innovative products and premium brands as these are expected to double and increase to 30 percent of the Group’s sales by 2020. We see the EIB loan as an expression of confidence and support for achieving our ambitious strategic goals and further developing the Gorenje Group”.

Carlos Moedas, European Commissioner for Research, Science and Innovation, said: “This InnovFin loan will help Gorenje develop its products produced from fewer resources, which consume less electricity and water, and can be better recycled at the end of their use. It is a great example of how Horizon 2020 stimulates European competitiveness and growth by supporting traditional industries and investing in research.”

The EIB funds will support the development of new and better performing white goods that consume less electrical energy, use a greater share of recycled materials, have improved end-of-life recyclability, need fewer resources for their production and use less water during their operation. This will result in positive environmental impacts in line with EIB policy in the area of climate action. The RDI activities will be carried out mainly at the Research and Development Centre in Gorenje’s headquarters in Velenje, Slovenia and also in other R&D locations of the company in the Netherlands, Sweden and the Czech Republic.

Background information

Gorenje Group is one of the leading European home appliance manufacturers with a history spanning more than 65 years. Having our own production facilities in Slovenia, Serbia and the Czech Republic our focus lies on the core activity products and services for home: major and small domestic appliances, products for heating, ventilation and air-conditioning and kitchen furniture. Our portfolio investments include ecology-related services, toolmaking, engineering, catering and trade. Gorenje Group has over 10 600 employees worldwide. We have been expanding our international sales network for half a century and generate 95 percent of revenue from the core activity outside Slovenia. In 2015 our revenue amounted to EUR 1.225bn, the majority being generated in Germany, Russia, the Netherlands, Scandinavia, Central and Southeast Europe, the USA and Australia. Technologically perfected, superiorly designed and energy-efficient home appliances under global brands Gorenje and Asko and six additional regional brands elevate the quality of life of users in 90 countries worldwide. We aim to become the most design-driven innovator of home appliances in the world.

InnovFin financial products

Under Horizon 2020, the new EU research programme for 2014-20, the European Commission and the European Investment Bank Group (EIB and EIF) have launched a new generation of financial instruments and advisory services to help innovative firms access finance more easily. Over the next seven years, “InnovFin – EU Finance for Innovators” will offer a range of tailored products which will make available more than EUR 24bn of financing support for research and innovation (R&I) by small, medium-sized and large companies and the promoters of research infrastructures. This finance is expected to support up to EUR 48bn of final R&I investments.

Backed by funds set aside under Horizon 2020 and by the EIB Group, InnovFin financial products support R&I activities, which by their nature are riskier and harder to assess than traditional investments, and therefore often face difficulties in accessing finance. All are demand-driven instruments, with no prior allocations between sectors, countries or regions. Firms and other entities located in EU Member States and Horizon 2020 Associated Countries are eligible final beneficiaries. These debt instruments will be complemented in the near future by a suite of equity instruments managed by the EIF.

InnovFin Large Projects aims to improve access to risk finance with loans and guarantees from EUR 25m to EUR 300m delivered by the EIB for R&I projects promoted by larger companies (over 3 000 employees), universities and public research organizations, R&I infrastructures, public-private partnerships and special purpose vehicles or projects 

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Statement by President Hoyer UN World Humanitarian Summit, Roundtable "Financing: Investing in Humanity"

MIL OSI – Source: European Investment Bank –

Headline: Statement by President Hoyer UN World Humanitarian Summit, Roundtable “Financing: Investing in Humanity”

Istanbul, 23 May 2016

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We at the EIB, the EU Bank, as one of the leading Multilateral Development Banks warmly welcome the commitments of the Group of 7 MDBs announced today to working together with national and international partners to respond to the global forced displacement crisis.

Our response focuses on economic resilience within the context of the “One Humanity” agenda issued by the United Nations. We can contribute substantially and build on our comparative advantages complementing much needed humanitarian aid, such as: 

  • our ability to deploy an extensive range of financing, knowledge and advisory services;
  • our capacity to mobilise and leverage public and private financing;
  • our convening power to create synergies between national and international stakeholders through deeper and wider cooperation. 

To achieve these objectives, we are committed to expand lending, blending and advising so as to promote economic resilience by financing increased infrastructure needs and related services, stimulating entrepreneurship and strengthening education and health systems. 

We are committed to lead where EIB has the expertise and resources to do so and to support other MDBs where they are well placed to do so. It is clear that these tasks are beyond the capacity of any single institution. 

We have great challenges in front of us, today, tackling the consequences, but in particular, the roots of migration. We have set up the Sustainable Development Goals. Last December in Paris we agreed on COP 21. 

We all know that we will not meet the huge needs for finance in order to support the people and providing them with the right infrastructure, with good education, with decent health care, with the prospect of living a better life, we will not meet these needs with our traditional instruments. There is simply not sufficient public money to do so. 

Meeting these challenges will only be possible by maximizing the impact of the scarce resources available and blend these with the abundant private capital. For mobilizing these funds you need institutions like ours whose mandate it is to crowd-in private capital. 

And we need to use modern, intelligent and responsible financial instruments to do this. The EU Bank is already taking concrete steps. Our exposure in the region has surmounted the 40 billion dollar threshold. 

Several financial initiatives are already in place:

  1. The MENA Facility launched by the World Bank Group, the Islamic Development Bank and the UN for which EIB and the other MDBs are reliable implementation partners;
  2. The Crisis Response and Economic Development initiative which the European Investment Bank will present in June in response to the European Council’s invitation to advance a specific initiative aimed at rapidly mobilising additional financing in support of sustainable growth, vital infrastructure and social cohesion in the region.
  3. Support to Turkey in the context of the refugee crisis, in close cooperation with the European Union and other European Financing Institutions. 

We plan to expand the range of products that the EIB can currently offer to respond to urgent needs with three building blocks: 

1)  stepping up further existing activities;

2)  enhance our support to the public sector through concessional and grant financing; and

3)  strengthen support to the private sector through risk and impact finance.

The EIB proposal is an integral part of our global strategy, also covering other regions and addressing root causes for migration as well as other global challenges that are important for the EU such as climate change and Sustainable Development Goals.

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Joint Statement by the Multilateral Development Banks at the World Humanitarian Summit, May 23, 2016 Responding to the Forced Displacement Crisis

MIL OSI – Source: European Investment Bank –

Headline: Joint Statement by the Multilateral Development Banks at the World Humanitarian Summit, May 23, 2016 Responding to the Forced Displacement Crisis

We, the undersigned Multilateral Development Banks (MDBs), are committed to working together, and within our respective institutional mandates, to respond to the global forced displacement crisis and further strengthen our contributions to the development agenda, complementing ongoing humanitarian, diplomatic, security and peacekeeping efforts required to meet the needs of refugees, Internally Displaced People (IDPs), as well as their countries of origin and host countries. Recognizing the critical role played by humanitarian actors in this area over the years, our commitment is to work more closely together building on our development experience.

We do this within the context of the “One Humanity” agenda issued by the United Nations Secretary General (UNSG) on February 9, 2016, the ongoing dialogue taking place between MDBs, the UNSG and Heads of UN agencies and the Agenda 2030. The forced displacement crisis poses a substantial threat to the achievement of the Sustainable Development Goals (SDGs) especially for countries of origin and host countries of refugees and IDPs. Our commitment also supports the forced displacement agenda outlined by the G7, G20, and G-77.

We have articulated our response to forced displacement in a joint paper which outlines the specific contribution MDBs can make to address the specific vulnerabilities of people forcibly displaced as well as host communities which have to absorb the shock created by a sudden influx of forcibly displaced people. Our response focuses on socioeconomic opportunities, acceptance and inclusion, as well as economic resilience and/or poverty reduction efforts.

Our mutual commitment to achieve results on the ground is rooted in our mandates and builds on our comparative advantages, namely: our ability to deploy an extensive range of financing, knowledge and advisory services; our capacity to mobilize and leverage public and private financing and foster private sector engagement in response to the crisis; and, our convening power, to enable stronger synergies between national and international stakeholders – including the civil society, while promoting regional cooperation.

To achieve these objectives, we resolve the following:

To focus on prevention and preparedness measures through increased resilience to shocks for countries and regions which are most exposed to fragility, MDBs are committed to provide continued and strengthened support in fragile countries and regions where there is a recognized risk of escalation into a crisis situation and to help strengthen resilience of home countries. In particular this can be achieved by stepping up technical assistance including for early warning systems, joint financing of private and public investments in an effective and innovative way, enhancing conflict and crises management skills capacities of national and sub-national institutions and supporting policy and governance reforms to strengthen economic resilience.

Specific areas for MDBs intervention include financing education systems or enhancing the quality of local education provision, improving access to finance, fostering entrepreneurship as well as increasing availability of training programs. We also commit to promote gender equality, diversity and inclusion across all sectors.

To support host communities, we commit to facilitate economic activity for host populations by fostering a more enabling business environment, while also developing support programs for infrastructure and services, job creation, service delivery and social protection. As a key complement to these activities, we will also focus on the economic resilience of the forcibly displaced and to facilitate their social cohesion and inclusion. Using innovative financing mechanisms, we commit to support infrastructure projects to improve efficiency and sustainability, as well as to establish, where feasible, public-private partnerships in health, education, water and sanitation/waste management sectors.

To move this broad agenda forward, and in accordance with our mandates and resources, we commit to focus on three specific areas where joint action is a priority: (i) joint country-level engagements: while recognizing the diversity of mandates of the MDBs, we commit to jointly engage at country-level in both crises prevention and response, in countries facing acute displacement crisis as well as countries of origin and in consultation with national stakeholders; (ii) innovative financing mechanisms to strengthen MDBs collective engagement, in line with the recommendations of the report to the Secretary-General from the High-Level Panel on Humanitarian Financing “Too important to fail—addressing the humanitarian financing gap”; and (iii) data and evidence: MDBs and development partners will endeavor to help client countries strengthen the basis on which policies and programs are designed and help inform public debates and policy formulation.

Concerned by the urgency of the global forced displacement crisis, we are already taking concrete steps to translate our commitment into effective action on the ground to support client countries’ efforts in this area both individually and collectively. Several financial initiatives are already in place which represent the first steps in a broader effort to respond to the crisis:

  1. The MENA Facility launched by the World Bank Group, the Islamic Development Bank and the UN with other MDBs participating as implementing partners;
  2. The Resilience Programme that the European Investment Bank will present in June in response to the refugee crisis in Southern Mediterranean and Balkan countries as requested by the European Union Heads of State and Governments;
  3. The EBRD, EIB, IsDB and World Bank Group commitments in support of Syria at February 2016 London Conference;
  4. The Jobs for Youth in Africa will provide economic and social opportunities to all youth, men and women, and will incentivize political and social stability both in host and country of origin;
  5. The Plan of the Alliance for the Prosperity of the Northern Triangle supported by the Inter- American Development Bank to tackle the protracted crisis of undocumented migrant children from Central America.
  6. The EBRD’s community resilience program provides access to vital municipal services to the most affected regions in Jordan and Turkey (and in due course Lebanon), and strengthens the private sector response by supporting entrepreneurship and SME development, as well as high quality training and jobs for young women and men from host and refugee communities.

Finally, we recognize that our collective effectiveness is directly linked to our ability to develop synergies amongst ourselves, enhance knowledge sharing, foster stronger institutional and operational collaboration and ensure adequate follow-up.

As such, we will structure our conversation at a working level, through the establishment of a Joint MDB Coordination Group, composed of representatives of each of our seven institutions. The United Nations High Commissioner for Refugees (UNHCR) has accepted to join as Observer. One of the first tasks of the Joint MDBs Coordination Group will be to identify countries for joint engagement opportunities.

Joint Statement by the Multilateral Development Banks at the World Humanitarian Summit, May 23, 2016: Responding to the Forced Displacement Crisis

The forced displacement crisis – a joint paper by multilateral development Banks

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