In the year of the worst global health and economic crisis for generations, the European Investment Bank (EIB) Group rapidly redirected its business to fight the COVID-19 pandemic and its economic consequences on all fronts. It increased financing volumes to €76.8 billion, exceeding its own targets. A third of these funds, €25.5 billion, went into the immediate crisis response that started with a first package in March. Most of it went to small and medium-sized businesses to avoid insolvencies and job losses, especially in countries that did not have the budgetary means for massive national rescue packages.
Reflecting the additional need for assistance caused by the COVID-19 pandemic, EIB Group support for small and medium-sized companies grew by €5 billion to €30.6 billion. In total, more than 425 000 companies profited from financing, sustaining more than 4.2 million jobs. The EU bank achieved this without neglecting its other investment priorities: environmental i
EIB Group presents results of activity in Spain for 2020
The measures taken by the EIB to mitigate the effects of the pandemic focused on two main areas: supporting the healthcare sector and small and medium-sized enterprises (SMEs). EIB | Updated: 20-01-2021 22:14 IST | Created: 20-01-2021 22:14 IST
The COVID-19 crisis has put even more emphasis on the urgent need to support SMEs, which represent a substantial part of the production and employment landscape in Spain. Image Credit: Flickr
The European Investment Bank Group (EIB and EIF) today presented the results of its activity in Spain for 2020. Last year, the EIB Group signed 98 operations in Spain for a total volume of €8.454 billion, 58% of which dedicated to mitigating the economic and healthcare impacts of COVID-19.
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BRUSSELS, Belgium, Jan. 13 The European Investment Bank issued the following news release:
The European Investment Bank (EIB) will provide Euros65 million and BPI an additional Euros47 million to EDP Renovaveis S.A. (EDPR), one of the main producer of wind energy in the world, to finance the construction and operation of two onshore wind farms with a total nominal capacity of 125 MW in the districts of Coimbra and Guarda, Portugal. The project is co-financed by Banco BPI and the EIB financing is backed by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe.
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