Ukraine may need foreign assistance up to 1 trillion. to repair the damage from the Russian invasion, according to the head of the European Investment Bank, Werner Hoyer. “I put in the trillion because I saw the data circulating, which I find unrealistic when I look at the level of disaster in Ukraine,” said Hoyer, […]
Tag: European Investment Bank (EIB)
In Luxembourg, Chr. Staikouras for the Eurogroup and Ecofin meetings
The Minister of Finance, Christos Staikouras, is going to Luxembourg to participate tomorrow, Thursday and the day after, Friday in the meetings of the Eurogroup and Ecofin, as well as in the annual meetings of the Governing Councils of the European Stability Mechanism (ESM) and the European Bank for Reconstruction and Development. . In particular, […]
EIB: The heavy bill of the war for the Greek economy
Of Leonida Stergiou Greece has the third-largest negative impact on low-income countries due to the energy crisis, after Romania and Bulgaria, according to a report by the European Investment Bank (EIB) on the effects of the war on the European economy. The energy crisis and inflation due to war increase the percentage of the population […]
EIB President backs multibillion-euro plan to rebuild Ukraine
A top European official has backed a multi-trillion-euro Marshall Plan to rebuild Ukraine, giving the European Union’s lending power what it says should be a global bailout. Werner Hogger, president of the European Investment Bank (EIB), told Reuters that Europe should not be left alone in paying the huge bill, which he predicted could reach […]
K. Mitsotakis: If we fail to reach an agreement on the energy crisis, it will be a European failure
The effects of the Russian invasion of Ukraine in the fields of economy and energy were on the forefront of the Prime Minister’s meeting with the President of the European Investment Bank. At the beginning of their meeting, Mr. Mitsotakis and Mr. Hoger had the following dialogue: -Kyriakos Mitsotakis: It is my pleasure to welcome […]
V. Hoyer: Cyprus is the leading recipient of EIB funding
Cyprus remains the largest recipient of EIB support per capita of any country in Europe, with a total EIB report of € 2.7 billion, or 13% of the country’s GDP, said Nicosia, the president of the European Union. Investment Bank (EIB) Werner Hoyer, who visited Cyprus to discuss recent and future investments in the country […]
ElvalHalcor: Signing of a loan agreement of 75 million euros with the EIB
ElvalHalcor has signed a loan agreement of 75 million euros with the European Investment Bank, lasting up to 10 years. The funds will be used to finance current investment needs at the company’s facilities in Oinofyta. In detail, the company notes: “ELVALHALCOR HELLENIC COPPER AND ALUMINUM INDUSTRY SOCIETE ANONYME” (hereinafter “ELVALHALCOR”) announces, in accordance with […]
EIB Vice-President: Dramatic changes in Europe’s energy landscape due to war
The effects of the war in Ukraine and the planning of the next day in the energy landscape were at the heart of the 7th Delphi Economic Forum. As Christian Kettel Thomsen, Vice President of the European Investment Bank, points out, the war in Ukraine has dramatically changed the energy situation in Europe. He stressed […]
IMF, World Bank warn of ‘huge impact’ on world economy from war in Ukraine
Major international financial institutions such as the European Bank for Reconstruction and Development (EBRD), the International Monetary Fund (IMF) and the World Bank today warned of the “enormous” consequences of Russia’s invasion of Ukraine on the world economy. In a joint statement, they said they felt “horror and deep concern” and that they met yesterday, […]
Kopelouzos Group: Develops the Greek-Egyptian electricity interconnection
Of Thanks to Floudopoulos The support of the governments of Greece and Egypt as the preferred project that will electrically unite the two countries, has been secured by the project Greece Egypt Interconnector of the company ELIKA of the Kopelouzos group. It is recalled that the Greek-Egyptian electricity interconnection was at the center of the […]