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The EIB stopped virtually all lending in Turkey after a row over oil and gas drilling off Cyprus in 2019, but the severity of last month's earthquake, which killed nearly 56,000 people in Turkey and neighbouring Syria, has prompted it to make an exception. "We are working together with the European Commission on a joint comprehensive package, of which up to 500 million euros is to be delivered by the EIB," the bank's vice president, Lilyana Pavlova, said in a statement. ....
The European Investment Bank Group (EIB Group) said that it and United Bulgarian Bank (UBB) signed an agreement to guarantee over 110 million euro ($117.2 ....
At the EU Western Balkans Summit held in Tirana, Albania, Vice-President of the European Investment Bank (EIB) Lilyana Pavlova pledged support to the region to cope with urgent short-term needs stemming from Russia’s war in Ukraine. This support will come from EIB Global, the arm of the Bank focused on operations outside the European Union, in the form of new projects that it plans to finance in the region to deploy clean energy, expand electricity networks and storage infrastructure, and help the private sector implement energy efficiency measures. She confirmed that the Bank is fully aligned with the €1 billion energy support package announced by the European Commission and plans to play a key role in its implementation. ....
At the plenary session of the European Committee of the Regions on 30 November and 1 December, Deputy Prime Minister of the Czech Republic, Marian Jurečka, will address the consequences for European households of the energy crisis caused by Russia s invasion of Ukraine, while Janusz Wojciechowski, European Commissioner for Agriculture, will discuss the war s impact on European food security. ....