Applications invited for Social Innovation Tournament 2019
The EIB Institute has invited the submission of proposals from social entrepreneurs working on education, health, environment, circular economy, employment, inclusion, and aging to take part in the Social Innovation Tournament (SIT) and win six cash prizes of up to EUR 50,000 and various other benefits. The deadline for the submission of proposals is March […]
EIB launches public consultation on its energy lending policy
The European Investment Bank (EIB), one of the largest financiers of global energy infrastructure, has launched a new public consultation on financial and advisory support for the sector, to strengthen the impact of its future energy lending, according to a press release from the EU lender. Over the next three months, the EIB will engage […]
RDF-burning CHP plant project given go-ahead
The Bulgarian government has given the green light to the managing authority of Operational Programme Environment, part of the Ministry of Environment and Water, to sign an administrative agreement on financial assistance with the Sofia municipality and district heating operator Toplofikacia Sofia for the construction of a combined heat and power (CHP) plant utilizing refuse […]
EIB supports Rimac Automobili with EUR 30 million loan
The European Investment Bank (EIB) and Croatia’s Rimac Automobili have signed a EUR 30 million loan for investment in research and development of electric vehicles (EVs) and related components, the EIB said in a press release. According to the EIB, the financing will allow the innovative car company to further develop its electric driving technologies. […]
Multilateral development banks announce joint framework at COP24 to combat climate change
Multilateral Development Banks (MDBs) have announced a joint framework at COP24 for aligning their activities with the goals of the Paris Agreement, reinforcing their commitment to combat climate change, according to a joint press release. In a joint declaration, issued at the start of the 24th Session of the Conference of the Parties to the United […]
Regulatory framework, electricity price highlighted as impediments to greening region’s energy mix
The Western Balkans, and Serbia in particular, should continue implementing regulations to help green the energy mix and fight climate change, according to panelists at the 11th Balkan Energy Finance Forum. They also raised the issues of how the low regulated electricity price is affecting investments in the energy sector overall and how third countries […]
EIB issues first Sustainability Awareness Bond as Bankwatch urges it to shift away from fossil fuels
Just as the European Investment Bank (EIB), heavily present in South-East Europe (SEE), issued its first, EUR 500 million Sustainability Awareness Bond, CEE Bankwatch Network, one of the largest networks of environmental civil society organizations (CSO) in Central and Eastern Europe, unveiled a report calling on the lender to shift away from financing fossil fuels […]
Nevesinje municipality, Ekoteh sign contract for new EUR 1.2 million water treatment plant
Nevesinje Mayor Milenko Avdalović and Marko Škoberne, chairman of the management board of Slovenia-based Ekoteh, have signed an agreement on EUR 1.2 million worth of reconstruction works on the water treatment plant in Nevesinje. The reconstruction is part of a wider EUR 100 million program to improve drinking water and the sewerage network in Republika […]
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