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The Latest Breaking News from the European Investment Bank

World's first energy island: How Belgium built a switchboard in the North Sea

Princess Elisabeth Island's foundation works are now complete with the final caisson installed. The European Investment Bank provided a substantial green credit facility for electrical infrastructure. This artificial island will serve as a switchboard for offshore wind farms. Its design incorporates nature-inclusive elements for seabirds and marine organisms. The island…

The Economic Times

Cyprus energy minister: Meridiam's entry into Great Sea Interconnector is 'vote of confidence'

Nicosia's final decisions will be based on the findings of the European Investment Bank, which will also determine the final cost of the Greece–Cyprus power interconnection project, Michalis Damianos said.

Euronews

Newsletter: EU-Turkey relations in spotlight ahead of NATO summit

Also in this newsletter: Brussels sets autumn deadline for progress on rebalancing China trade; and European Investment Bank (EIB) President Nadia Calviño speaks to Europe Today about Europe's competitiveness.

Euronews

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Rules before resources: Europe’s investment agenda for Central Asia

European officials and financial institutions attending the Tashkent International Investment Forum highlighted regulatory stability, project preparation and cross-border connectivity as essential conditions for future investment.

Euronews

Europe needs 10 million homes and net-zero buildings by 2040. Here are four ways it could happen

Europe is staring at a dual crisis it hasn’t managed to solve. House prices across Europe have risen 60 percent and rents 30 percent over the past 15 years, while the number of building permits has fallen 20 percent. The European Investment Bank estimates the EU currently needs 2.25 million…

The Conversation

DO NOT USE EBRD ‘even more important’ amid global tensions and aid cuts, president says

Odile Renaud-Basso dismisses decline of multilateralism as a threat to the mission of the European Bank for Reconstruction and Development (EBRD) and foresees a role in post-war Ukraine and Gaza’s post-war recovery.

Euronews

EBRD ‘even more important’ amid global tensions and aid cuts, president says

Euronews

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European Investment Bank triples its financial commitment to defence

With a new financial ceiling of €100 billion for 2025, the European Investment Bank (EIB) aims to invest in defence, energy networks and technology.

Euronews

European Investment Bank to boost funds for Bangladesh as it weathers political turmoil

A senior official of the European Investment Bank says the regional lending agency is keen to double its funding for Bangladesh, but she expressed concern over human rights as the country endures a spell of political turmoil

The Independent UK

COP29 is over, but climate action needs private funding too – here are 4 key ways to make that happen

The United Nations COP29 climate conference has come to a contentious end, with rich countries pledging to mobilise $300 billion annually by 2035 to help poorer countries fight climate change – triple the current funding levels, but far short of what the developing world had hoped for. Delegates from 190…

The Conversation

Why are Starmer and Reeves so determined to bring Britain down?

Since Labour’s victory the new PM and chancellor have hardly stopped warning us that cuts are on the way. It’s no way to turn a country around

The Guardian - UK

Why Europe is banking on Africa for its big-ticket investments

The European Union is investing heavily in Africa – pouring half of its global mega budget of €300 billion into projects on the continent. Renewable energy, internet access, transport, vaccines and education are several sectors benefiting from private and public EU funds – an effort that’s being supported by the…

Radio France Internationale

Spain's Calvino Beats Vestager To Head Bloc's Lender

Spain's economy minister Nadia Calvino on Friday won the race to lead the European Investment Bank, the bloc's lending arm whose significance has grown since war broke out in Ukraine.

International Business Times

Viktor Orbán doubles down on opposition to Ukraine’s EU accession talks – as it happpened

He insisted that Hungary opposes opening accession talks because Ukraine is not ready and due to the economic impact on the EU

The Guardian - UK

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Bangkok Post

Transform development finance

In a world beset by rising temperatures, extreme weather patterns, and escalating natural disasters, the urgency of decisive action on climate change and the threat of future pandemics has never been more apparent. Both threats will affect us all. But the countries between the Tropics of Cancer and Capricorn --…

Reuters

Spain asks EU for $90 billion in loans ahead of July election

Spain has asked the European Commission for 84 billion euros ($90 billion) in loans from the bloc's COVID-19 recovery package, a quarter of which will be managed by the European Investment Bank, Economy Minister Nadia Calvino said on Tuesday.

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