European Investment Bank (EIB)

Wind energy plays a key role in boosting Europe’s energy independence. But producers face challenges, from high costs and uncertain demand to strong international competition. Our new €500 million agreement with Intesa Sanpaolo, announced by Vice-President Gelsomina Vigliotti, will help make the EU wind industry more competitive. This initiative, part of our €5 billion wind power package to accelerate Europe's green energy transition and supported by the European Commission's Invest EU programme, marks another important step towards supporting the wind power manufacturing sector. Through projects like this, we contribute to achieving climate neutrality and energy independence across the European Union. Learn more: bit.ly/Italy_WindEnergy

Our latest report, Navigating Supply Chain Disruptions: New Insights on the Resilience and Transformation of EU Firms, produced in collaboration with the European Commission's Directorate General for Internal Market, Industry, Entrepreneurship and SMEs, highlights the urgent need for strategic actions to boost the resilience and competitiveness of European companies. Key findings include: 🔵 37% of EU firms report raw material access as a major obstacle since 2022. 🔵European exports to the United States have jumped from 14% in 2010 to 21% in 2023. 🔵Geopolitical tensions and the pandemic have exposed vulnerabilities, making supply chain diversification urgent. The report emphasises the importance of innovation and strategic investments to address these challenges and ensure long-term stability and growth for Europe. Find out more: https://lnkd.in/gpFiW2yj #SupplyChains #Innovation #Europe #BusinessNews

Breast cancer affects women everyday, everywhere. A newly developed diagnostic tool inserted can detect the presence of certain biomarkers, such as the HER2 protein, in less than an hour. Unlike traditional biopsies, whose results can take weeks and may be less reliable, inPROBE® is both fast and highly accurate. Biotechnological companies like SDS Optic Inc., who developed InPROBE, are at the forefront of health innovation. Funding is crucial to help start clinical trials in Poland and bring their revolutionary products to market as soon as possible. Investing in research innovation is more important than ever to find those answers that can save lives. Because the earlier we act, the greater the impact we can make 🎗️   🔗 https://bit.ly/inPROBE   #BreastCancerAwarenessMonth #InvestEU #Innovation

Today at ECOFIN, President Nadia Calviño and EU Finance Ministers discussed the Ukraine Energy Rescue Plan, a crucial initiative to help restore Ukraine’s energy infrastructure, which has been severely damaged by Russia’s war. As part of this plan, we are preparing to invest up to €600 million in EU-backed financing to meet Ukraine’s urgent energy needs ahead of winter—securing power and heat for citizens and businesses. Beyond immediate relief, the plan also strengthens Ukraine’s long-term energy sustainability by prioritising energy efficiency, renewable projects, and aligning with EU standards. Read more about how the EU is supporting Ukraine through this difficult time⤵️ https://lnkd.in/e6barEeD #StandWithUkraine #EU4Ukraine

At today's Eurogroup, President Nadia Calviño discussed with EU Finance Ministers a set of EIB Group initiatives to deepen Europe's capital markets. New measures will unlock private savings and channel them into productive investment, boosting competitiveness and growth. Our Action Plan covers three main areas: ☑️improving market integration for green and digital bonds by continuing to play a key role in the European green bond market; ☑️closing the funding gap throughout the company and innovation cycle, scaling up support for the EU venture capital and private equity markets; ☑️mobilising large-scale investments for EU policy priorities, such as working with the European Commission on a financing platform for housing. Learn more about our plan to foster a stronger Capital Markets Union⤵️ https://lnkd.in/ezA5TuKf

📢 Top news of the week 🔵 EIB and European Investment Fund (EIF) Boards of Directors discussed new initiatives and financing instruments that will help channel savings into high-impact investments for the benefit of Europe’s economies. 🔵 We renewed our strategic partnership with the European Defence Agency to strengthen EU security and defence capabilities. 🔵 President Nadia Calviño welcomed EU Court of Justice President, Koen Lenaerts, and CDP Cassa Depositi e Prestiti CEO, Dario Scannapieco, to enhance our collaboration. 🔵 We celebrated our €100 billion milestone in climate and sustainability awareness bonds issuance alongside Finance Minister Gilles Roth and Luxembourg Stock Exchange CEO Julie Becker, supporting sustainable investments globally. 🔵 We also announced new investments in Spain to boost biomedical research Latvia to support affordable housing Find out more in President Calviño’s #1week1minute video ⤵️ #WeeklyDigest #NewsOfTheWeek

The EIB Advisory’s Space Finance Lab has received the Global Finance “Best Financial Innovation Labs” award for 2024. The lab is the first of its kind with a dedicated thematic focus on advancing European strategic autonomy in the space sector. This initiative gathers space industry leaders and experts to exchange knowledge. Bringing together key stakeholders, including the European Commission, the European Space Agency - ESA, and 50 emerging European space companies, the lab has successfully created a bridge between the space industry and the EU institutions. Learn more⤵️ https://lnkd.in/dYzDUZtc

🌱 New milestone unlocked!   We are proud to celebrate reaching the €100 billion mark in sustainability funding at the Luxembourg Stock Exchange.   Since issuing the world’s first #GreenBond in 2007, we have unlocked €100bn of investor support for #ClimateAction and sustainability, supporting the #GreenTransition globally.   More information 🔗 https://lnkd.in/ePayxwEu

We are pleased to announce two new appointments to the EIB Group’s senior management team: 🔹Andrew McDowell joins from PwC ’s “Strategy&” as the new Director-General of EIB Global, leading our operations outside the European Union. Andrew’s leadership will focus on strengthening the EIB Group's international partnerships, ensuring we continue to support EU priorities for development and external action and to play a vital role in addressing global challenges. 🔹 Oliver Russmann joins the EIB Group as Chief Financial Controller, bringing a wealth of experience from Citi. In this role, he will be responsible for advancing transparency and streamlining financial reporting processes. We look forward to the expertise and perspective that Andrew and Oliver will bring to our mission.

Latvia faces a serious shortage of affordable and sustainable housing, with one of the smallest social housing stocks among OECD - OCDE countries.   We join forces with the Latvian Ministry of Finance and the Latvian State Real Estate Company to address key challenges, such as 🏚 poor housing quality ⛔ overcrowding 📉 limited mortgage access ⬇ low market activity.   Our Advisory Services will help drive implementation of policies to ease the housing squeeze in Latvia, supporting the development of up to 2,260 affordable and energy-efficient apartments for young professionals and their families.   Sustainable and affordable housing is a priority for us. Over the past five years, we have lent around €9.4 billion to support the sector.   Learn more about our new project in Latvia, announced today by Vice-President Thomas Östros and Finance Minister Arvils Aseradens ⤵️   https://lnkd.in/dQG6rtUhl