Hungary: EIB supports development of Central European University with EUR 25 million

The European Investment Bank (EIB) is lending EUR 25 million to Central European University (CEU) to upgrade its campus located in the historic centre of the Hungarian capital Budapest. The EIB loan will finance the University’s urban campus development project comprising the renovation and construction of approximately 39 000 m 2 of teaching, conference and research facilities. The project consolidates the University’s academic and administrative entities on a single and cohesive campus with…

Péter Tárnoki-Zách, alternate member of the Board of Directors

By letter dated 23 September 2016, Hungary nominated, by common accord with the Republic of Bulgaria, the Czech Republic, the Republic of Croatia, the Republic of Cyprus, the Republic of Malta, the Republic of Poland, the Republic of Slovenia and the Slovak Republic, Mr Péter TÁRNOKI-ZÁCH (Head of Department for International Finance, Ministry for National Economy) for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Ms  Martina KOBILICOVÁ, who had tendered h…

EU bank opens regional office for Central Africa in Cameroon

The European Investment Bank (EIB), the bank of the European Union, today announced the opening of a representational office that will act as a hub for investment projects in the Central African region. At a ceremony held earlier today the European Investment Bank, Europe’s long-term lending institution, formally opened a permanent regional representation office in Yaoundé, Cameroon. The new office will lead the engagement of the EIB, the world’s largest international public bank, in terms of…

EIB supports microcredits and Spanish SMEs with loans totalling EUR 330m to CaixaBank and MicroBank

The EIB loan will facilitate micro-financing for entrepreneurs looking to start a business The European Investment Bank (EIB) today signed two loans to facilitate financing for SMEs and support for microcredits in Spain. The funds totalling EUR 330m aim to promote economic growth, innovation and job creation, supporting small business people, self-employed young people and start-ups.  EIB Vice-President Román Escolano and CaixaBank CEO Gonzalo Gortázar signed a EUR 300m loan to ensure that SM…

Luxembourg and the EIB pioneering in the field of innovative climate finance to support high impact climate action projects

The Grand Duchy of Luxembourg and the European Investment Bank launch the Luxembourg-EIB Climate Finance Platform, aiming to mobilise investments for projects with a strong impact in the fight against climate change. The platform will contribute to the implementation of the Paris Agreement and is a tangible step towards compliance with both Luxembourg’s international commitments and the EIB’s Climate Strategy. It is the first time a Member State enters into such a partnership for innovative c…