European Investment Bank

The EU's financing body has said it would open up lending to more technologies that can be used by militaries as Europe pushes to rearm in the face of Russia's war on Ukraine.

The European Union has been clambering to produce more weapons in a bid to continue the flow of arms and ammunition to Kiev and keep Europe's own stocks in good health.

The European Investment Bank (EIB) has announced it will lend Greece €220 million to help protect it against floods and wildfires, which are occurring more often as a result of climate change, as well as against other natural disasters such as earthquakes.

Amid growing concerns over security threats posed by Russian aggression, Bulgaria and a coalition of 13 other European Union countries have urged the European Investment Bank (EIB) to bolster defense financing. The call, joined by powerhouse nations Germany and France, aims to enhance the bloc's defense capabilities in response to escalating tensions, as reported by Bloomberg.

The European Investment Bank's (EIB) contribution to the Cyprus' economy was considerable, with 230 million euros disbursed in loans for public sector projects in 2023, with total project financing from the Bank exceeding €2 billion.

The government is committed to innovation and research, Development Minister Kostas Skrekas said on the occasion of the signing on Friday of a European Investment Bank (EIB) loan to the Hellenic Foundation for Research and Innovation, amounting to 143 million euros. 

The European Investment Bank (EIB) announced two new loans to Greek entities on Friday in Athens, worth more than 300 million euros between them.

The meetings of the 6th Joint Interministerial Working Group for the Economic, Industrial, Scientific, and Technical Collaboration of Greece-Ukraine concluded in Athens on Thursday, under the direction of Deputy Foreign Minister for Economic Diplomacy Kostas Fragogiannis and Ukrainian State Minister Oleh Nemchinov.

EIB Global, the financial arm of the European Investment Bank (EIB) for activities outside the European Union, invested a record-breaking 1.2 billion euros across the Western Balkans in 2023 (€365 million more than in 2022).

The investments went to sustainable and energy transition projects that support the region's EU accession, economic, climate and connectivity efforts.

The European Investment Bank (EIB) has inked a significant deal with Kristera AD, a division of Agria Group Holding, providing a EUR 35 million loan to facilitate the establishment of a state-of-the-art sunflower oil processing facility in Northern Bulgaria.

The European Investment Bank (EIB) has committed 400 million euros to support a significant new investment for Mytilineos Energy & Metals, which will accelerate renewable energy production across Greece and other EU countries.