Home

EIB

EIB dedicated programme to fight against youth unemployment

'The European Council on 27-28 June decided to launch a new “Investment Plan” and to intensify the fight against youth unemployment by utilizing the financial support of the European Investment Bank (EIB).

The EIB will launch with immediate effect a dedicated youth employment programme “Skills and Jobs – Investing for Youth” to help counteract the rapid increase in youth unemployment in Europe.

The programme is based on two pillars. The pillar “Jobs for Youth” will provide SMEs with better access to finance and link EIB financing to the employment of young people in SMEs. The second pillar “Investment in Skills” will support job -related skills and on-the-job-training by investing in educational facilities (universities, research facilities), vocational training programmes, student loans and mobility programmes.

During his discussion with the Heads of States and Governments President Hoyer reiterated that the EIB is on good track with its business plan following the capital increase of EUR 10 billion. Hoyer: “We have delivered and we are delivering with the successful implementation of the capital increase.” He underlined that that “the EU Bank has taken a clear counter-cyclical course and is investing in regions where others have left the markets.” He made it clear that the Bank has a strong focus on small and medium sized enterprises and the knowledge economy but that it will also continue to provide long-term financing in all member states in strategic infrastructure (e.g. broadband technology, energy or transport infrastructure) to improve Europe`s competitiveness on the global markets. He further emphasised that the Bank is developing new products, such as a trade finance scheme for Greece, SME Guarantee programmes and the Project Bonds Initiative that the EIB is currently introducing to the markets in a pilot phase.'

Source: Abstracts from the official press relase of the EIB. Read the full press release

 

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.

Tags: 

Timely support of EUR 100 million for key investments in Cyprus

Press release- The European Investment Bank (EIB) is to provide EUR 100 million for key investments in Cyprus. The loan will be used to part-finance investments totalling EUR 1 177 million in areas identified under the National Strategic Reference Framework for the 2007-2013 period, which include improving the competitiveness of the Cypriot economy, promoting sustainable development, and investing in skills and innovation.

Tags: 

EIB lends €27 Million for energy efficiency of residential buildings in Bucharest

The European  Investment Bank (EIB) is lending EUR 27 million to finance the energy efficiency refurbishments of residential buildings in Bucharest, Romania.The loan will support the thermal rehabilitation of 94 high-rise panel residential buildings in Sector 4 of of Bucharest. The aim of the investment is to reduce the energy consumption of the buildings concerned by some 50%.

EU uses Regional Development Fund to guarantee up to €1 billion worth of loans for Greek enterprises

EU Commissioner for Regional Policy, Johannes Hahn, in Athens on 21 March, added another element to boost growth by launching a new Guarantee Fund for Small and Medium-Sized enterprises (SMEs) for Greece. This new facility, agreed in cooperation with the European Investment Bank (EIB) will help SMEs which have been worst hit by the crisis to access credit, by providing the banks in Greece with sufficient liquidity.

Pages

Subscribe to RSS - EIB