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  In the year of the worst global health and economic crisis for generations, the European Investment Bank (EIB) Group rapidly redirected its business to fight the COVID-19 pandemic and its economic consequences on all fronts. It increased financing volumes to €76.8 billion, exceeding its own targets. A third of these funds, €25.5 billion, went into the immediate crisis response that started with a first package in March. Most of it went to small and medium-sized businesses to avoid insolvencies and job losses, especially in countries that did not have the budgetary means for massive nat...

Écrit par Luxembourg for Finance Publié Le 06.01.2021 • Édité Le 07.01.2021 Partager Tous les 15 jours, Nicolas Mackel, CEO de Luxembourg for Finance, invite des leaders de haut niveau des secteurs européen et mondial des services financiers à partager leur point de vue dans le podcast Shaping Finance. L’invité du neuvième épisode est Jean-Claude Juncker, l’ancien président de la Commission européenne. Welcome to the podcast that shares the views of high-level leaders in the European and global financial services industry. Nicolas Mackel . – “Welcome to Shaping Finance, ...

A major new investment in a technical university cements the reputation of the Romanian city of Cluj as a hotbed of talent, innovation and technology. The Transylvanian city of Cluj, which earlier this year became the first in emerging Europe to make it to the final stage of the European Capital of Innovation Award, has for some time been viewed as Romania’s leading hub of technology and innovation. In a nod to this success, and with a view to building on it, the city’s Technical University, UTCN, last week received a loan worth 21 million euros from the European Investment Bank (EIB). Th...

News & Politics December 22, 2020 Poland has 58 approved projects under the European Fund for Strategic Investments, the finance minister said on Tuesday. The fund is a central pillar of the Investment Plan for Europe, sometimes called the Juncker Plan, which focuses on strengthening European investments to create jobs and growth. "In terms of the number of projects approved by the European Fund for Strategic Investments (EFSI) we are fourth in the European Union," said Tadeusz Koscinski. According to the Finance Ministry, the value of investments in Poland sup...

Having undergone a significant transformation that raised its public profile, the European Investment Bank (EIB) is set to occupy an increasing role in bridging development gaps between the EU’s regions while raising funds for greening, but public finance watchers warn  that hitting targets will not be easy. The EIB is an often overlooked actor of European Cohesion, with roughly a third of its €70-80 billion yearly landing falling under its objective to decrease disparities between the bloc’s regions. Between 2015-2019, the EIB provided €84.4 billion to projects in EU cohesion region...