US EditionEU Boosts EIB Lending to Bolster Defence and Innovation
16 Articles
16 Articles
EU Finance Ministers confirmed the approval of the EIB and the European Investment Fund Management Councils for increased funding for Europe's security and defence.
The president of the European Investment Bank (EIB), Nadia Calviño, has advanced this Friday that the entity is working with the Spanish company Indra and hopes to announce "very soon" a "important" financing agreement with her in the area of security and defence. "We are working closely with the company Indra and I hope that soon we will be able to announce an important financing agreement in the area of security and defence", she said on her a…
The EU governments agreed to raise the cost ceiling for the European Investment Bank (EIB) to EUR 100 billion this year and to triple the financing of the Community block defence industry, they declared to Reuters sources that wanted to maintain their anonymity.
MAINTENANCE. After a strategic awakening of Europe caused by the war in Ukraine in 2022, the Council of the European Union adopted an ambitious rearmament plan: Security for Action for Europe (SAFE), with a budget of 150 billion euros. It is part of a vast programme of 800 billion euros announced in March by Ursula von der Leyen to revive the defence industry. Dominique de Combles de Nayves, senior official and diplomat, officer of the Legion of…
EU Boosts EIB Lending to Bolster Defence and Innovation
EU governments have agreed to increase the annual lending capacity of the European Investment Bank to 100 billion euros, tripling its funding for defence projects. This expansion comes as European nations aim to enhance defence capabilities and invest in technology and renewable energy.
Luxembourg.- The European Investment Bank (EIB) will increase its funding ceiling by 2025 to a ‘record’ figure of €100 billion in order to boost investments in defence, cutting edge technologies and energy.The decision, approved on Friday by the Board of Governors of the EIB, composed of the Ministers of Economy and [...] Entry The EIB will invest in defence, technology and energy with record funding this year of €100 billion was first published…
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