The European Investment Bank (EIB) has decided to put “on hold” any new loan to Volkswagen, after the bank concluded that part of its funds could have been involved in the emission scandal affecting the diesel vehicles.
President of the European Investment Bank (EIB) Werner Hoyer will present the results of the bank’s operations in 2015 today (14 January). 2016 will be a crucial year for the bank in fulfilling its EU objectives, writes Xavier Sol.
With international climate discussions heating up ahead of the Paris COP21, European Finance Ministers can now determine key and critical elements to make a successful deal, writes Geneviève Pons-Deladrière.
France's Minister for the Economy, Emmanuel Macron, insisted on the need for a €4-€5 billion European digital investment fund at the French-German digital conference on Tuesday (27 October). EURACTIV France reports.
The European Investment Bank is trying to cool local governments' scepticism over the Juncker Plan, an investment strategy that EU officials hope will pump €315 billion into infrastructure projects around the EU by 2017.
Europe needs to mobilise much more than €315 billion to embark in the transformation of its economy, create millions of jobs, create new business opportunities and create a genuine post-carbon society, said Jeremy Rifkin in an interview with EURACTIV.
The European Commission's investment drive to boost the region's economy will include billions euros of spending on digital technology, EU Digital Economy Commissioner Günther Oettinger told a German magazine.
“I promised to present an ambitious Investment Plan before Christmas. One month later and Christmas has come early – I am here to deliver on my promise”, Commission President Jean-Claude Juncker told MEPs, presenting his €315 billion investment plan.
As the European Investment Bank has not been an effective tool in a previous attempt to create a massive investment package, this time, a new instrument needs to be created, MEP Maria João Rodgrigues told EutrActiv in an exclusive interview.
The European Commission is due to present its 300 billion euro investment plan next week. This plan is expected to rely heavily on the European Investment Bank (EIB), which could be put in charge of a new investment fund. EURACTIV France reports.
EXCLUSIVE / EU leaders are set to adopt further sanctions against Russia at their summit tonight (16 July). Hours before the meeting, Ukraine submitted proof of Russia’s support for the separatists. EURACTIV has seen part of this information, and is publishing relevant selections.
European Union governments have discussed halting or restricting funding for new projects in Russia through two multilateral lenders, as they seek to raise pressure on Moscow to support a peace plan for Ukraine, officials said Thursday (3 July).
SPECIAL REPORT / Officials from the European Investment Bank (EIB) have given the strongest indication yet that they will fill a €3.25 billion hole in EU plans for modernising the continent’s creaky power infrastructure.
The European Investment Bank says that a €5 billion cut in the EU Guarantee Fund insuring its external lending, will force an equal cut of 15% in its funding pool for the 2014-2020 budget that will hit ‘neighbourhood’ states such as Egypt and Syria hardest.
The European Investment Bank (EIB) has raised the bar on criteria that must be met for funding future fossil-fuel projects in a new energy lending policy, approved by bank shareholders – mostly EU member states – at a board meeting in Luxembourg on 23 July.
With the EIB set to approve a new energy lending policy and the EBRD presenting its new energy strategy, the timely signal sent by the World Bank on the need to quit coal can factor importantly in discussions taking place right now at the European public banks, writes Kuba Gogolewski.
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