The European Investment Bank (EIB) is set to finance the modernisation of Grupo Ruiz’s bus fleet by facilitating €27.5 million for the introduction of 173 safer, less polluting and more modern vehicles. EIB Vice-President Emma Navarro and Grupo Ruiz CEO Gregorio Ruiz signed the agreement in Madrid. The project is supported by the European Fund…
Emily O’Reilly has been re-elected by Parliament as European Ombudsman with 320 votes in favour out of 600 votes cast. Her second mandate will last for five years. “I am delighted to have been re-elected for a second term. I wish to sincerely thank my fantastic campaign team for the huge effort over the past four…
According to the climate change performance index (CCPI) published today at the climate summit COP25 in Madrid, the EU lost six ranks due to its failure to increase its 2030 climate target. The CCPI which is published by Germanwatch, the New Climate Institute and the Climate Action Network (CAN) evaluates the efforts of 57 countries and the…
European firms are becoming increasingly pessimistic about the economic outlook according to the new EIB report. The report also finds that investment in climate change mitigation is lower than that of major economies like the US and China. Infrastructure investment is stuck at 1.6% of EU GDP, the lowest in 15 years and Europe is…
Lousada was announced is the winner of the 2019 Transformative Action Award at a ceremony held at the European Committee of the Regions (CoR) in Brussels. Its initiative ‘Integrated education for sustainability’ was selected by a jury of experts for its potential to bring about the socio-cultural, socio-economic and technological transformation of its community. The European…
A new inquiry published by a widely read digital Spanish paper reveals how Spain came to have the most luxurious gas infrastructure in Europe, with huge overcapacity, largely funded by the consumer. This fight echoes a wider battle across the EU over the role of gas in the energy transition, where EU decision makers are continuing to support…
The European Investment Bank is providing €12.5 million to the Lithuanian Public Investment Development Agency, VIPA. The agreement is backed by the Juncker Plan’s European Fund for Strategic Investments. VIPA will use the financing to create the first national investment platform dedicated to promote and finance energy efficiency projects across Lithuania. The investments will focus…
The Board of Directors of the European Investment Bank (EIB) has this week approved a total of €2.4 billion of new financing to improve public services, upgrade infrastructure and strengthen private sector investment. · €905 million new financing for rail and road transport projects across Europe · €1 billion for business investment and corporate…
In the year of its 60th anniversary, the EU bank supported EUR 230 billion of investment, meeting its Juncker Plan targets ahead of schedule and successfully navigating a politically difficult environment. Shifting its focus from Europe’s economic recovery to competitiveness, the European Investment Bank (EIB) Group zoomed in on market gaps identified by its experts, so…
