The EIB provided new loans worth EUR 1.04bn and the EIF – which together with EIB forms the EIB Group executed operations in Romania totalling EUR 61m in 2016. The EU bank financed priority public infrastructure investments under several 2014-2020 EU Operational Programmes, continued to support SMEs and midcap companies and helped to increase the energy efficiency of residential buildings in Bucharest.
The Minister of Finance, Trade and Blue Economy, Américo Ramos, of the Democratic Republic of São Tomé and Príncipe, has officially announced the Power Sector Recovery Project, which aims to reform the energy sector in the country. The project includes the rehabilitation and expansion of the Contador Hydroelectric project and strengthening of the national utility Empresa de Agua e Electricidade de São Tomé e Príncipe (EMAE).
The British Business Bank has today launched its £400m Northern Powerhouse Investment Fund (NPIF), aimed at boosting the North of England’s economy and helping the region’s businesses realise their growth potential. The EIB will provide £184 million for the new Northern Powerhouse Investment Fund.
The EIB granted new loans worth EUR 530m and the European Investment Fund (EIF – together with EIB forming the EIB Group) implemented operations in Croatia amounting to EUR 16m in 2016. The Bank continued to support projects in the country focused on reducing disparities in regional development, strengthening economic competitiveness and improving citizens’ living standards and quality of life.
The EIB presented today in Madrid the results of its activity in Spain in 2016. EIB Group financing in Spain last year totalled EUR 11 540 million, the highest amount in the European Union. This EUR 11 540 million financed 112 projects in all sectors of the Spanish economy. A large part of this financing – EUR 8 106 million – was dedicated to providing credit on favourable terms to around 100 000 Spanish firms employing 1 200 000 people.
The EIB provided new loans totalling to EUR 874m and the European Investment Fund (EIF – building together with EIB the EIB Group) executed operations in Slovakia amounting to EUR 44m. The bank focused mainly on support to projects contributing to the sustainable growth, creation of new employment opportunities and on co-financing priority investments receiving support from EU funds.