EIB President pledges support for “Jobs Compact“ in Ethiopia tackling migration and refugee challenge

A major investment for Ethiopia, which hosts the largest population of refugees in Africa, has been endorsed by the European Investment Bank, the EU Bank. The project is seen as a flagship project for sub-Saharan Africa. EIB President Werner Hoyer today announced the EIB has agreed with the Ethiopian Government as well as European and international development partners to work together to prepare financing to support a programme of investment in Ethiopia  aimed at helping thousands of refugee…

Luís SARAMAGO, alternate member of the Board of Directors

By letter dated 7 September 2016, the Portuguese Republic nominated, by common accord with the Kingdom of Spain, Mr Luís SARAMAGO (Deputy Director General for Economic Policy and International Relations, Ministry of Finance) for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Ms Carla DÍAZ ÁLVAREZ de TOLEDO, who had tendered her resignation. By letter dated 9 September 2016, the Board of Governors was invited to vote on the proposed appointment. The decision…

Francesca Mercusa, alternate member of the Board of Directors

By letter dated 1 September 2016, the Italian Republic nominated Ms Francesca MERCUSA (Director, Directorate of International Financial Relations, Department of the Treasury) for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Mr  Adolfo DI CARLUCCIO, who had tendered his resignation. By letter dated 8 September 2016, the Board of Governors was invited to vote on the proposed appointment. The decision to appoint Ms Francesca MERCUSA was taken on 21 September…

Heliatek raises EUR 80 million to finance large manufacturing expansion and support worldwide market development

Heliatek, a world leader in organic photovoltaic and a manufacturer of solar films, has put together an EUR 80 million ($88 million) round to finance the expansion of its HeliaFilm ® manufacturing capacity by one million m² p.a. This round comprises EUR 42 million in equity, EUR 20 million in debt and about EUR 18 million in subsidies. “We are very excited to have successfully completed this financing round. This allows us to strengthen our world leadership in organic solar film and to accele…

Heliatek raises EUR 80 million to finance large manufacturing expansion and support worldwide market development

Heliatek, a world leader in organic photovoltaic and a manufacturer of solar films, has put together an EUR 80 million ($88 million) round to finance the expansion of its HeliaFilm ® manufacturing capacity by one million m² p.a. This round comprises EUR 42 million in equity, EUR 20 million in debt and about EUR 18 million in subsidies. “We are very excited to have successfully completed this financing round. This allows us to strengthen our world leadership in organic solar film and to accele…

EIB President pledges support for “Jobs Compact“ in Ethiopia tackling migration and refugee challenge

A major investment for Ethiopia, which hosts the largest population of refugees in Africa, has been endorsed by the European Investment Bank, the EU Bank. The project is seen as a flagship project for sub-Saharan Africa. EIB President Werner Hoyer today announced the EIB has agreed with the Ethiopian Government as well as European and international development partners to work together to prepare financing to support a programme of investment in Ethiopia  aimed at helping thousands of refugee…

Marinela Petrova, full member of the Board of Directors for the Republic of Bulgaria

By letter dated 26 August 2016, the Republic of Bulgaria nominated Ms Marinela PETROVA (Deputy Ministry of Finance) for appointment as a Full Member of the Board of Directors of the EIB to succeed Ms Karina Karaivanova, who had tendered her resignation. By letter dated 29 August 2016, the Board of Governors was invited to vote on the proposed appointment. The decision to appoint Ms Marinela PETROVA was taken on 15 September 2016, the date on which the requisite majority of Governors’ votes wa…

Arnaud Delaunay, alternate member of the Board of Directors

The French Republic nominated Mr Arnaud DELAUNAY (DG Trésor − Head of Unit, European bilateral relations and financial instruments) for appointment as an Alternate Member of the Board of Directors of the EIB to succeed Ms Alice TERRACOL, who has tendered her resignation. By letter dated 30 August 2016, the Board of Governors was invited to vote on the proposed appointment. The decision to appoint Mr Arnaud DELAUNAY was taken on 15 September 2016, the date on which the requisite majority of Go…

The EIB lends CHF 250m credit facility for the High Luminosity Large Hadron Collider (HL-LHC) – CERN – Geneva

With fostering innovation to support research of scientific excellence and innovation as one of its top priorities, the European Investment Bank (EIB) has decided to provide a CHF 250m credit facility for the High Luminosity Large Hadron Collider (HL-LHC) which is the CERN’s central project for the decade. This is the second EIB financing with CERN , following the successful loan (300 M€) signed in 2002 to finance the building of the Large Hadron Collider (LHC), the world’s largest and most p…