Spain proposes Nadia Calviño to run EIB

The Spanish government has nominated the country’s deputy prime minister Nadia Calviño to run the European Investment Bank (EIB). The news comes six weeks after Margrethe Vestager, the European Union’s digital and competition chief, entered the race to succeed Werner Hoyer, who is due to step down at the end of the year after serving […]

EIB commits €315m to 5G across five European countries

The European Investment Bank (EIB) has signed a €315m loan agreement with Spanish telecommunications firm Cellnex to support 5G rollouts in France, Italy, Poland, Portugal and Spain. According to Cellnex, the loan will mobilise total investment of €631m to improve and expand the coverage and capacity of very high bandwidth mobile network infrastructure in these […]

InvestEU unlocks €350m in potential funding

The European Commission (EC) and the European Investment Bank (EIB) have launched a €100m top-up for the InvestEU programme. Announced this week by the EC, the new project will be known as HERA Invest and will work to support research and development – focusing especially on health emergency prevention and preparedness. The instrument is geared […]

Danish government backs Vestager for EIB role

Margrethe Vestager, the European Union’s digital and competition chief, has joined the race to head the European Investment Bank (EIB), multiple media reports have indicated. The bank’s current president, Werner Hoyer, is set to step down at the end of the year after serving two terms and, as Politico noted, the mooted move would make […]

EC and EIB earmark €18bn for climate transition projects

The EC and the EIB are to supply €18bn of financing under Global Gateway, Europe’s investment strategy for partner countries. A statement from the two organisations, released alongside the Global CITIZEN Now Summit in New York, said the investment would be concentrated on climate action, clean energy and connectivity in the continent’s partner countries around […]

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