European Investment Bank

European Investment Bank

Bucharest residential buildings: an additional boost from the EIB

The EIB and the Municipality of Bucharest have signed a EUR 22.6m contract to finance the refurbishment programme of multi-family housing in Bucharest’s Sector 1. The project should result in 50% savings of heating energy consumption, contributing to reduced emissions and improved living standards. To date, we have supported energy efficiency refurbishment of multi-apartment buildings in Sectors 1, 2, 4 and 6 to the tune of EUR 327m.


Croatia: EIB co-finances strategic projects alongside EU grants

The EIB is lending EUR 300m to co-finance priority projects in Croatia worth an estimated EUR 8.1bn in order to increase the quality of life of Croatia’s citizens. The EIB funds will facilitate the absorption of EU grants in the 2014-2020 period, supporting projects which benefit the Croatian economy by accelerating economic growth, strengthening competitiveness and increasing job creation in the country.


The EIB supports Bekaert’s technological leadership

The EIB is lending EUR 75m to NV Bekaert SA in Belgium to finance their three year innovation programme. The loan falls under the joint EIB Group-European Commission InnovFin initiative which aims to foster investment in European research and innovation (R&I). The project will allow Bekaert to reinforce its R&I efforts, developing new materials, environmentally friendly products and researching improved manufacturing processes.


Germany: First equity-risk transaction under InnovFin

The EIB is lending EUR 25m to Innocoll AG, a specialty pharmaceutical company with late-stage development programmes targeting areas of unmet medical need. The EIB financing will support the development of novel products, as well as the expansion of Innocoll’s manufacturing facility near Munich, Germany. This is the first equity-risk transaction supported by the “InnovFin – EU Finance for Innovators”  initiative to foster R&D in Europe.

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