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European Investment Bank

European Investment Bank


President Hoyer meets Commissioner Potočnik

EU Commissioner for the Environment, Janez Potočnik, came to discuss resource efficiency, green infrastructure and eco-innovation with President Werner Hoyer at the EIB’s headquarters on 18 June. In the context of the MFF 2014-2020, Commissioner Potočnik stressed the importance of the Bank in financing for resource efficiency and green technologies and the development of innovative financial instruments to support overall objectives.
 

EIB offers Europe urgent flood assistance

The EIB is ready to provide financial support to redress damage arising from the current flooding in Europe. President Werner Hoyer stated that the Bank “is considering how it could best help and which financing instruments it could use to provide support for urgent reconstruction programmes at local and regional levels as well as for future flood prevention schemes.”

 

EIB first ever trade finance facility for Greece

The European Investment Bank (EIB) provides up to EUR 500 million for trade finance to support foreign trade oriented small and medium sized companies (SMEs) in Greece. The EIB, as a long-term lender, has adapted to the needs of the real economy in Greece and enlarged its tool-kit with a short-term lending instrument to support international trade by Greek companies. The Bank will provide guarantees to the commercial banks for trade financing to be utilised on a revolving basis to support a volume of transactions in the order of EUR 1.5 billion per year.
 

Further EIB support for Turkey’s High Speed Rail

The EIB is providing a contribution of EUR 200 million to the Turkish State Railways as the nation upgrades its main transport corridor between Ankara and Istanbul. This additional funding brings the Bank’s total support for the high speed railway line to EUR 1.5 billion. The line is the first of its kind in Turkey, and the link between the two largest cities will bring about substantial time savings for passengers, support economic development and generate significant environmental benefits.

 
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