Development banks as key players in defense financing
Bank Gospodarstwa Krajowego and other national promotional bank institutionsโ experience is readily available to leverage military expenditure in Europe.
EIB
EIB backs uranium enrichment project in France
The move could spark a new debate in Brussels, where the funding of nuclear power is a sensitive political issue.
EUโs lending arm to invest in defence in major policy change
A letter seen by Euractiv suggests the Bank will complete a drastic shift in its lending policy in light of the EU’s renewed defence push.
EU leaders to ask for flexible use of blocโs money for defence
Ursula von der Leyen’s team is set to come up with a letter on funding options to support procurement and production across the bloc.
EU pushes โBuy Europeanโ quotas in major plan to revive industry
A draft of the Clean Industrial Deal obtained by POLITICO reveals EU plans to drive climate-friendly manufacturing.
EU leaders reach defence funding deadlock as โฌ500bn shortfall looms
Though joint borrowing was on everyoneโs minds, no one mentioned them by name when leaving the meeting.
The post EU leaders reach defence funding deadlock as โฌ500bn shortfall looms appeared first on Euractiv.
EU leaders ask EIB to review lending rules, issue defence debt
A letter signed by 19 EU countries means there appears a majority to allow more lending for defence projects โ but that doesn’t mean it’s guaranteed.
The post EU leaders ask EIB to review lending rules, issue defence debt appeared first on Euractiv.
Big majority of EU leaders demand EIB further ease defence spending rules
Also in this newsletter: Is Belgium finally going to form a government?
EIB to up defence investment to โฌ2bn this year
The EU’s lending arm is facing pressure from governments to bankroll more military projects.
The post EIB to up defence investment to โฌ2bn this year appeared first on Euractiv.
EIB fears โreputational disasterโ over revised EU green reporting
Internal memo reveals multilateral lenderโs fear that new rules will put its climate credentials at risk
Charging ahead โ EU seeks competitiveness jolt in global battery market [Advocacy Lab Content]
Europe needs to โpromote, protect, and partnerโ if itโs to become a competitive battery player globally. Is EIB and InvestEU funding enough?
The post Charging ahead โ EU seeks competitiveness jolt in global battery market appeared first on Euractiv.
…
Hungarians recognise need for urgent climate transition, says EIB survey [Advocacy Lab Content]
A new survey shows Hungarians recognise the urgent need to adapt to climate change. The vast majority support immediate investment in climate adaptation to avoid higher future costs.
The post Hungarians recognise need for urgent climate transition, say…
Brusselsโ global infrastructure plan isnโt challenging Beijing โ itโs relying on it
EU-funded projects abroad are being built by Chinese companies.
Wars are won with code, says German military AI maker
Helsing is riding the wave as Europe seeks defense tech leadership.
EIB, Spain table new CMU proposals to eurozone finance chiefs
Europeโs companies and technologies should stay in Europe, and Europe should invest in them,ย Calviรฑo said
EU defence agency to advise European Investment Bank on investment priorities
This collaboration aims to โboost financing for Europeโs security and defence capabilitiesโ.
Use the money first, we will talk further about defence investment, EIBโs defence chief advises
As the EUโs multi-million lender still faces pressure to review its lending policy in the defence sector, Robert de Groot, vice-president for defence, calls for using available cash first.
EIB and Deutsche Bank join forces to lift EU wind production
The European Investment Bank (EIB)โs โฌ5 billion wind package kickstarted with the first โฌ500 million counter-guarantee deal with Deutsche Bank, as part of a financial effort set to strengthen the European wind industry.
EU and NATO sponsored programmes partner to increase defence funding opportunities
The EU and NATOโs programmes partner to support funding in the defence sector, to attract more private investors, in a bid to answer the industryโs demands to get access to more funds for innovation and production, they announced on Tuesday (2 July).
EU defence funding plan faces uncertainty ahead of summit
Ahead of an EU summit on Thursday (27 June), the European Commission is scrambling to finalise plans that include ‘innovative solutions’ for funding the bloc’s defence industry, with needs assessment awaited to justify a floated โฌ500 billion fund.
Second suspect identified in European Investment Bank corruption probe
Former EIB official Henry von Blumenthal is in the crosshairs of EU prosecutors, his lawyer confirmed to POLITICO.
EU prosecutors probe former EIB chief for corruption, misappropriation
The criminal allegations are โabsurd and unfounded,โ said Werner Hoyer, who stepped down at the end of 2023.
EU prosecutors launch bombshell corruption probe into former European Investment Bank chief
Investigators raided Werner Hoyerโs house as part of an “abuse of influence” investigation.
Former EIB president Werner Hoyer under EU corruption investigation
Two-term leader of multilateral lender describes probe as โabsurd and unfoundedโ
EIB launches new programme to support strategic technologies
The EIB launched a new programme to “actively participate in the European Commissionโs industrial alliances and initiatives” on net zero and strategic technologies, in its 2024-2027 strategic roadmap.
EIB financing for nuclear reactor construction remains off the agenda
The new roadmap of the European Investment Bank (EIB) has been leaked, and it includes a position on nuclear energy, with nothing new or concrete on new financing, fuelling the fantasy of support for the development of the construction of new reactors.ย
Putins und Xis Drohung an den Westen
Das Briefing dazu, wie sich Entscheidungen in Brรผssel auf Sie auswirken. Mit dem Wissen des grรถรten Newsrooms der europรคischen Hauptstadt. Im Browser anzeigen oder hier anhรถren von JรRGEN KLรCKNER Mit JULIUS BRINKMANN DIE TOP-THEMEN โ Signal an den Westen: Die Abschlusserklรคrung von Putin und Xi wird in Europa als Drohung verstanden. โ Kampfansage an Moskau: [โฆ]
EIB greenlights historic overhaul of dual-use policy, ramps up defence investment
The EUโs multi-billion lending arm announced on Wednesday (8 May) changes to its long-standing policy not to invest in military products, by waiving restrictions on dual-use investments.
EIB wants more lending firepower as it eyes bigger defense role
Itโs the first time Nadia Calviรฑo has publicly called for a formal restructuring of the lenderโs gearing ratio.
Moodyโs to reassess EIB credit rating in case of larger defence investment
Credit rating agency Moodyโs is ready to look into the potential credit score implications of the European Investment Bank’s expected expansion into a broader range of defence and military assets, Euractiv understands.
Capital Markets Union best route to rival US IRA, Michel says as Letta outlines sweeping financial sector plan
โI am absolutely convinced for my part that the Capital Markets Union is the best European IRA that we can develop, since it is trillions of euros of resources that can be mobilised, which are not [mobilised] today, to stimulate, support, to develop in…
Letta gives way to Commissionโs push to create common defence market
The EU defence market must be more integrated, create champions, get access to cash and give the Commission overseeing powers, Enrico Lettaโs audit says, going fiercely against member statesโ protectorship.
Vฤra Jourovรก to step in as EU justice chief
Didier Reynders is running for the top job at the Council of Europe.
EU finance ministers deadlocked on RRF extension and EIB defence spending
European finance ministers failed to make any breakthroughs on Friday (12 April) on whether to prolong the bloc’s multibillion pandemic recovery fund beyond 2026 and on how the EIB’s investment criteria could be modified to boost defence-related expend…
The EIB is looking into relaxing lending criteria for military investments
In this episode of our daily podcast Today in the EU, weโre diving into the EUโs lending arm’s intention toโstretchโ its investment remit beyond financing dual-use goods that can be exploited for civilian and military purposes.ย
Major nuclear projects will have to wait longer for delayed EIB financing
The European Investment Bank (EIB) dealt a major blow to the nuclear industry at last week’s International Nuclear Energy Summit in Brussels when it dithered over the industry’s request for more funding for nuclear projects but confirmed that investmen…
EU leaders to discuss more joint borrowing to fund blocโs military-industrial complex
EU leaders are looking at a serious debate, around how to fund the anticipated ramp-up of the blocโs defence industry to answer the needs of the Ukrainians and to match the Europeansโ ambition to become an independent security player.
EIB ready to โstretchโ lending criteria as it prepares for EU Councilโs call to arms
The European Investment Bank (EIB) could move one step closer to loosening its lending criteria to unlock more direct investment into defence as soon as Thursday (21 March), when it expects to get the final signal it needs from the European Union’s 27 …
Call to change EIB defence spending rules hits scepticism
Fourteen EU member states are pushing for the European Investment Bank to boost defence investment, potentially including ammunition โ but bank officials have shown reluctance.
EU civil society bodyโs chief urges EIB to create special EU housing fund
The president of the European Economic and Social Committee has urged the EU’s lending arm to create a special fund to address Europeโs growing housing crisis, as a more effective vehicle of long-term capital for social housing and the real estate sect…
Pro-nuclear countries back total opening up of EU funding for nuclear
Nuclear technologies should benefit from all types of EU funding, such as the European Investment Bank (EIB) and innovation funds, the French-led nuclear alliance, which now has 12 EU member states, said at its meeting on Monday.
EU Parliament urges EIB to scrap ammunition, weapons financing restrictions
The vote comes amid mounting pressure on the EIB to increase its defence-related investments following Russiaโs full-scale invasion of Ukraine in February 2022.
Pressure mounts on finance chiefs to tweak EIB, taxonomy rules in boost to defence
Pressure is piling up on the EU to loosen its investment rules and boost flows into defence assets, a non-paper seen by Euractiv revealed as finance ministers prepare to discuss the future of the blocโs public lender on Friday (23 February).
The changing of the guard: How will the EIB create a greener future with Calviรฑo at the helm?
Euronews sits down with the President of the European Investment Bank, Nadia Calviรฑo, to discuss how it is accelerating Europe’s goal to offset carbon emissions by 2050 and its efforts to rebuild Ukraine.
Explainer: How to make sense of the EUโs defence funds and programmes
The EUโs defence programmes and funds have multiplied after the start of Russia’s war in Ukraine, to boost collaboration in different steps of an equipmentโs life cycle: research, development, production, acquisition, and transfer to third countries.ย …
Defence main topic on table at EIB annual forum
Defence was on everyoneโs lips at the European Investment Bankโs (EIB) annual forum on Wednesday and Thursday (7-8 February), as member states call for a ramp up in defence and military spending, and EUโs Charles Michel wants a โreal Defence Unionโ….
Chisinau inks EIB deal for highway to link EU with Moldova, Romania, Ukraine
Moldova signed an agreement with the European Investment Bank (EIB) on Tuesday to secure funding for the Iasi-Ungheni-Chisinau-Odesa highway, marking the first step towards the construction of what is set to become a vital corridor for Moldovaโs connec…
EIB ready to work more with defence but remains cautious, vice-president says
The European Investment Bank is open to financing defence industries but is still reluctant to go beyond dual-use technology, a top EIB official told Euractiv, warning also that the idea of using eurobonds to finance military industry must be carefully…
EU โready to take risksโ to boost defence production, Breton says
The EU should invest upfront into the bloc’s defence industry production capacity as a means to de-risk their investments, Internal Market Commissioner Thierry Breton told a group of international media, including Euractiv, on Thursday (11 January).
Vestager is back โ with little to lose
Commission’s antitrust chief falls short of European Investment Bank presidency.
Spainโs Nadia Calviรฑo secures EIB presidency
EU finance ministers approve her appointment to lead worldโs largest multilateral lender
Nadia Calviรฑo named EIB chief
The Spanish finance minister won the race against EU competition czar Margrethe Vestager.
Nadia Calviรฑo in pole position as EIB leadership race reaches finale
Also in this newsletter: Estonia calls for Brussels to choose countries over drugmakers
Nadia Calviรฑo touts Spainโs economic credentials in pitch for EIB
EU finance ministers expected to select successor at helm of worldโs largest lender on Friday
Spain’s Nadia Calviรฑo backed to be EIB’s first female chief
With less than a month to go before the start of a new leadership of the European Investment Bank, the world’s largest multilateral lender, the path seems finally clear for one of the candidates, Spanish finance minister Nadia Calviรฑo.
Belgiumโs De Croo calls for end to civilian casualties in Gaza
Also in this newsletter: The race for who will lead the EIB comes to a head
Way cleared for Nadia Calviรฑo to become EIB chief
Spanish finance minister now just needs backing from EU counterparts during meeting next week.
Germanyโs Scholz backs Calviรฑo for EIB top job
German support for the Spain’s Calviรฑo is a blow to Margrethe Vestager, the other major contender to be the next head of the European Investment Bank.
EU defence ministers to demand better finance access for industry
EU defence ministers are expected to issue a joint statement on Tuesday (14 November) calling on banks to grant the defence industry access to loans, in a bid to remove hurdles for greater investment into production capacities.
France spins its Ukraine aid
SNEAK PEEK โ The numbers show that France is a laggard when it comes to arming Ukraine, but a parliament report argues that itโs doing better than suggested. โ Airbus is complaining that the German government is blocking Eurofighter sales to Saudi Arabia. โ Germany spells out the details of its future troop deployment to [โฆ]
โฌ1.1bn fund announced to eradicate polio and strengthen global health systems
The European Commission, European Investment Bank (EIB) and the Bill and Melinda Gates Foundation have announced a โฌ1.1 billion โfinancing partnershipโ which seeks to eradicate polio and support global access to health services and innovations.
Interviews with Candidates for EIB Presidency [Promoted content]
The EIB has a critical role to play in addressing global challengesโwho takes over as its president will make a huge difference to the direction it takes.ย Hear from candidates in interviews conducted by the Center for Global Development.
Parliament votes through Buch as EU banking cop
Approval clears another obstacle to Spain’s Calviรฑo getting unrelated job at the EIB.
ECBโs Lagarde calls for EU-issued green bonds
The European Central Bank (ECB), the European Investment Bank (EIB), and the International Energy Agency (IEA) have called for a faster transition towards clean energy, with ECB President Christine Lagarde arguing for a “green Capital Markets Union” an…
Consensus builds for EU bank to finance shells and tanks
The war in Ukraine has changed Germany’s thinking after it previously opposed the idea.
EU countries set to water down car emission rules
Also in this newsletter: why the Netherlands might back Vestagerโs bid for EIB president
With the EIB race still open, Dombrovskis weighs his chances
Calviรฑo and Vestager are clear front-runners but France and Germany know they have to back the same candidate to avoid an impasse.
From the UN General Assembly โ world leaders gather in NY
Presented by Masdar.
EU bank chief warns against โColonialism 2.0โ as green transition progresses
European Investment Bank (EIB) president Werner Hoyer highlighted the importance of climate action but warned of the risks of exploitation of the Global South during his speech at the Climate Ambition Summit at the 78th UN General Assembly.ย
Vestager pitches EIB candidacy to Le Maire during Paris visit
Margrethe Vestager, a top candidate to lead the European Investment Bank (EIB), came to Paris on Wednesday (20 September) to speak at a flagship start-up conference โ and pitch her candidacy for the EIB job with Economy Minister Bruno Le Maire.
Nadia Calviรฑo overcomes another hurdle in bid for EIB top job
In deciding against a Spaniard for a separate position, EU Parliament is clearing the way for Madrid’s deputy prime minister.
EU lawmakers step back from fight with ECB over Buch nomination
Move boosts Nadia Calviรฑo’s chances of getting EIB role.
Vestager cautions about defense, nuclear investments in EIB pitch
The European Investment Bank is ‘for everybody,’ Dane says in an effort to win wider support for job bid.
[Opinion] Why new EIB chief must prioritise people’s basic needs
Whoever takes up presidency of the European Investment Bank will have a huge responsibility to execute meaningful reform and make sure the bank delivers for its ultimate owners, the people and households of the EU.
Exclusive: new UK banksโ post-Brexit investment only one third of lost EU funds
Thinktank says replacements for European Investment Bank have backed โfewer, smaller and lower-risk projectsโNew public sector lenders created by the government since Brexit are investing two-thirds less than the UK was receiving from the EUโs European…
Germany dithers on EIB choice
As race to lead the European Investment Bank heats up, Berlin remains divided.
What, no nuclear? Vestager promotes hydrogen in race to head EUโs bank
France has said it will favor a candidate for the European Investment Bank who supports investing in nuclear projects.
EIB presidency race: Vestager open to EU financing of nuclear and defence
With the race for the presidency of the European Investment Bank (EIB) in its final stretch, Danish candidate and former EU competition chief Margrethe Vestager said she would be ready to consider EIB financing for defence and nuclear.
Whoโs who in the race to head the European Investment Bank?
Five candidates have thrown their hats into the ring to be the next President of the European Investment Bank (EIB).
EU opens race to run its huge investment bank EIB
Five candidates have come forward for the post of president of the huge European Investment Bank, Belgian Finance Minister Vincent van Peteghem said on Friday, the first of several top European Union jobs which member governments will haggle over in th…
Runners and riders for the EUโs bank job
The EIB needs a new boss. Here are the contenders. (Although to be honest, some of them are just making up the numbers.)