October 2016

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EU bank lends N$ 113,5 million to Trustco for SME’s in Namibia

The European Investment Bank (EIB), the bank of the European Union, has signed a EUR 7,5 million (N$ 113,5 million) credit facility with Trustco Group Holdings Limited, to finance small business and entrepreneurs in Namibia. At a ceremony held earlier today at Trustco Group Holdings Limited’s headquarters, the EIB, Europe’s long-term lending institution, signed the agreement with Trustco Group Holdings Limited. “The European Investment Bank has a strong track record in supporting crucial inve…


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Mateja Vraničar Erman, new Governor for Slovenia

On 21 September 2016, the National Assembly of the Republic of Slovenia appointed Ms Mateja Vraničar ERMAN as Minister of Finance. On 13 October 2016, following the decision by the Government of the Republic of Slovenia, Ms ERMAN also became Gover…


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Pierre Krier, member of the Audit Committee

By letter dated 30th September 2016, Mr Pierre KRIER (Former Audit Partner, PwC) has been nominated, by common accord with the Grand Duchy of Luxembourg, the Kingdom of Belgium and the Kingdom of the Netherlands for appointment as a member of the Audit…


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MEF-EIB agreement: EUR 1bn financing operation to improve the safety of RFI's rail network

The European Investment Bank (EIB) is supporting the Italian Government’s efforts to improve the safety of and modernise the domestic rail network managed by RFI (FS Group). The EUR 1bn finance contract was signed today between Italy’s Ministry of Economy and Finance (MEF) and the EIB. The loan will help finance works on the entire rail network of Rete Ferroviaria Italiana (RFI), a company that at the same time has signed with the EIB the project agreement requiring RFI to draw up a detailed …


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Pierre Krier, member of the Audit Committee

By letter dated 30 th September 2016, Mr Pierre KRIER (Former Audit Partner, PwC) has been nominated, by common accord with the Grand Duchy of Luxembourg, the Kingdom of Belgium and the Kingdom of the Netherlands for appointment as a member of the Audit Committee of the European Investment Bank, to succeed Mr Jean-Nicholas SCHAUS, who tendered his resignation with immediate effect on 8 May 2015. By letter dated 7 th October 2016, the Board of Governors was invited to vote on the proposed appo…


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Mateja Vraničar Erman, new Governor for Slovenia

On 21 September 2016, the National Assembly of the Republic of Slovenia appointed Ms Mateja Vraničar ERMAN as Minister of Finance. On 13 October 2016, following the decision by the Government of the Republic of Slovenia, Ms ERMAN also became Governor of the European Investment Bank for the Republic of Slovenia. Before her appointment as Minister of Finance, Ms ERMAN served since 2013 as State Secretary in the Ministry of Finance, mainly responsible for customs and tax systems as well as State…


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#InvestEU: European support for Copenhagen airport expansion

The European Union is supporting Copenhagen Airport (CPH) in its plans to reach a capacity of 40 million passengers a year with a EUR 168m (DKK 1.25bln) loan from the European Investment Bank (EIB). The loan will be guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe , in which the EIB is the European Commission’s strategic partner. The project concerns the expansion of Copenhagen Airport to cater for future growth in air traffic an…


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#InvestEU: European investments for safer air and sea travel

The European Union will support Danish aerospace manufacturer Terma with a EUR 28m loan from the European Investment Bank (EIB). The loan will be the first corporate transaction in Denmark to be guaranteed under the European Fund for Strategic Investments (EFSI), heart of the Investment Plan for Europe , in which the EIB is the European Commission’s strategic partner. The project entails research, development and innovation (RDI) investments for the development of high-tech products for civil…


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Investment Plan for Europe – EIB invests EUR 40m in Quaero European Infrastructure Fund

Ambroise Fayolle, Vice-President of the European Investment Bank (EIB), and Sébastien Bourget, Managing Partner of Quaero Capital, announced in Strasbourg the EIB’s EUR 40m equity participation in Quaero European Infrastructure Fund. This investment is covered by the guarantee of the EU budget under the Investment Plan for Europe, more commonly known as the Juncker Plan. The participation of the EIB – a European benchmark financier – will be vital to enable Quaero European Infrastructure Fund…


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EIB supports chemical industries in Senegal

The European Investment Bank (EIB) has signed in Dakar an agreement with Industries Chimiques du Sénégal (ICS) aimed at safeguarding and developing the activity of Senegal’s largest industrial complex. “This is an important agreement for Industries Chimiques du Sénégal”, said Isabelle Van Grunderbeeck, the EIB’s regional representative for West Africa, at the signing ceremony. This agreement will help develop the group’s business in Senegal and West Africa and will have a real impact on emplo…