European Investment Bank (EIB)

President Nadia Calviño met President of the Government of Spain Pedro Sánchez in Madrid, as part of her visits to the capitals of the EU. The EIB Group is a strategic partner for Spain to boost shared priorities, including: 🔵 innovation 🔵 access to housing 🔵 the green transition.

📢 Top news of the week:   🔵 President Nadia Calviño took part in the Foreign Affairs Council, and announced new support for Ukraine;   🔵 President Calviño met EU Commissioner Nicolas Schmit to discuss investments in skills and housing;   🔵 our President and VP Nicola Beer participated in the Salzburg Summit, and presented the EIB Group scale-up report;   🔵 VP Yannis Tsakiris announced new investments in Greece to boost solar-energy and mid-caps’ access to finance;   🔵 we joined force with the Inter-American Development Bank to support an innovative debt-for-climate operation in Barbados;   🔵 we were proud to see how the EIB-supported Wandercraft exoskeleton allowed Kevin Piette to make history as he carried the Olympic torch.    Find out more in our President's #1week1minute video ⤵️   #WeeklyRecap #WeeklyDigest

The Olympic Games are just around the corner, bringing together the world's top athletes to compete and celebrate sportsmanship, unity, and incredible feats of human strength and skill. Which sport do you think your country will perform best in this year? Thank you to all our colleagues who shared their views: Krzysztof Żywno, Pavla Kolářová, Aldo Zelen, Rebecca Verdin-Pol, Christos Sontras, Elena Larumbe Albisu, Liam McEvoy, Yi-Ning Chen Tartaini, Thibaut Barras, Julia Nepomuceno.

Climate Action continues to be our top priority. Today we are releasing the EIB Group 2023 Sustainability Report, showcasing our dedication to a greener, more sustainable world. Our projects will avert 5.2 million tonnes of CO2 emissions annually, equivalent to the carbon footprint of 520,000 European households. Beyond supporting clients in achieving sustainability, we've also been actively reducing our own carbon footprint, cutting net emissions per employee by 39% over the past five years. With record new financing for climate adaptation projects in 2023, we are driving a successful green transition in Europe and globally. Curious to learn more? Read the full report ➡️ https://bit.ly/Sust_Report

Our latest report “The scale-up gap: financial market constraints holding back innovative firms in the European Union”, sheds light on European scale-up companies and the future of Europe’s innovation. European scale-ups are highly productive companies, with the potential to become the big champions of tomorrow. But as scale-ups prepare to expand beyond their local markets and establish themselves internationally, they encounter obstacles. This hinders Europe's ability to remain technologically competitive on a global scale, particularly in innovative areas like greentech, AI, and quantum computing. The EU is attractive for foreign venture capital, but European companies raise only half as much capital as their Silicon Valley peers. They often rely on foreign investors and face a higher likelihood of being acquired by non-EU companies. This trend threatens the next generation of European start-ups and drains entrepreneurial talent. To address these challenges, our new report recommends deepening Europe's Capital Markets Union and ensuring that public interventions catalyse private investment. Our President Nadia Calviño highlighted the need for a unified capital markets union and coordinated public policies to create a supportive entrepreneurial ecosystem. Learn more about the "The scale-up gap" and its recommendations for Europe's innovation landscape here👇🏼 https://bit.ly/3WgoVld

🎼In Ostrava, Czech Republic, a new state-of-the-art Concert Hall will soon host the Janáček Philharmonic Orchestra, enriching the city’s cultural landscape and supporting diverse cultural and educational activities. This new Concert Hall is a symbol of Ostrava’s transformation from a coal and steel industrial hub to a vibrant cultural center. It will boost tourism and create new jobs. We are proud to invest €84 million in this cultural beacon, complemented by an additional €21 million EU grant. Find out more 🔗 bit.ly/4bVyefW

We are stepping up our support for Ukraine with: 🔵€450 million to back Ukrainian energy infrastructure, crucial for the upcoming winter; 🟡 €86 million for anti-drone shelters for power stations; 🔵 a new initiative to increase local currency lending, and EIB guarantees to facilitate access to financing for Ukrainian businesses 🟡 the roll-out of European Investment Fund (EIF)'s credit guarantee facility for EU exporters to Ukraine As reiterated today by President Nadia Calviño in a videoconference with Ukrainian Finance Minister Sergii Marchenko, and presented to EU foreign ministers at the Foreign Affairs Council in Brussels, we continue to #StandWithUkraine. Learn more👇 http://bit.ly/3YdGJjx

📢 Top news of the week: 🔵 President Nadia Calviño attended the ECOFIN meeting, with a strong message of support to Ukraine; 🔵 our Board of Directors approved €8.4 billion of new financing for sustainable projects across the EU & beyond; 🔵 President Calviño and VP Yannis Tsakiris hosted key partners from all over Europe to scale up financial support to sustainable and affordable housing; 🔵 we welcomed to our headquarters Bank Gospodarstwa Krajowego, Groupe Caisse des Dépôts, CDP Cassa Depositi e Prestiti, INSTITUTO DE CREDITO OFICIAL, and KfW, the five largest National Promotional Banks in the EU, to strenghten collaboration; 🔵 we announced new investments in Italy to support the regions affected by earthquakes; Serbia to improve energy and waterborne transport efficiency; and Jordan to increase access to water supply. Find out more in our President’s #1week1minute video ⤵️

During his visit to Serbia, Vice-President Robert de Groot attended the signature of a €80m loan with the Serbian electricity distribution company to introduce 400,000 smart meters, in collaboration with the Ministry of Mining and Energy of Serbia and the EU Delegation to Serbia. This initiative will enhance energy efficiency, improve supply reliability, and integrate renewables. Additionally, VP Robert de Groot signed a €16 million EU grant under WBIF - Western Balkans Investment Framework with the Ministry of Construction, Transport and Infrastructure and the Ministry of European Integration, to remove sunken vessels from the Danube. This project will ensure safe navigation and boost waterborne transport efficiency in the Western Balkans. Through these initiatives, Team Europe joins forces to significantly improve infrastructure and efficiency in the region. Learn more ➡️bit.ly/3zNRkYc

Together, we are stronger. The EIB Group and the five largest national promotional banks in the EU, CDP Cassa Depositi e Prestiti, Bank Gospodarstwa Krajowego, INSTITUTO DE CREDITO OFICIAL, Groupe Caisse des Dépôts and KfW, work together for greater impact. Our ongoing partnership helps us deliver on the EU's most urgent priorities: from climate action to affordable and sustainable housing, from the circular economy to social, economic, and territorial cohesion, from security to the Capital Markets Union. A big thank you for the productive discussions here in Luxembourg. By leveraging our strengths and working together, we are better equipped to tackle common challenges.