European Investment Bank

European Investment Bank to cease funding fossil fuel projects by end-2021

The European Investment Bank said on Thursday it would stop funding fossil fuel projects at the end of 2021, a landmark decision that potentially deals a blow to billions of dollars of gas projects in the pipeline.

The bank's new energy lending policy, which it said was approved with "overwhelming" support, will bar most fossil fuel projects, including traditional use of natural gas.

Lilyana Pavlova Appointed Vice President and a Member of the Management Committee of the EIB

Former Minister for the Bulgarian Presidency of the EU Council Lilyana Pavlova has been appointed vice president and a member of the Management Committee of the European Investment Bank, BNR reports.

She is the first Vice-President of the Bank of Bulgaria, with a three-year term of office.

Bulgaria Ranks 4th in the EU in Terms of Investment from the Juncker Plan

As one of the MEPs who worked most actively on the creation and distribution of the European Fund for Strategic Investments under the Juncker Plan, I am proud that Bulgaria ranks fourth in the European Union in terms of attracted investment in terms of gross domestic product.

EIB lends 21.1 million euro for thermal insulation of 400 residential buildings in Bucharest

The European Investment Bank (EIB) announced on Monday that is has agreed to lend 21.1 million euro to support the thermal insulation of 400 residential buildings in Sector 2 of Bucharest, a release of the international financial institution informed.

EIB vicepresident announces tripling of support for Romanian economy up to 1.38 billion euro

Vicepresident of the European Investment Bank (EIB), Andrew McDowell, stated on Thursday, in Bucharest, that the European Investment Bank Group is tripling its support for Romanian companies, from 500 million euro up to 1.38 billion euro.

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