EIB agrees €76m in financing for new ‘green-transition’ power plant at Vasiliko
The European Investment Bank (EIB) said on Friday it had agreed to support construction of a new power plant at Vasiliko by the Electricity Authority...
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One in five Cypriot firms expect permanent reductions in staff – EIB survey
One in five Cypriot firms (21 per cent) expect a permanent reduction in their staff levels because of the Covid-19 pandemic, with the figure rising...
Government to submit budget for House approval in next few days (Updated)
The government intends to submit a supplementary budget of €220m to parliament for approval in the next few days as it rolls out measures to...
Government could support Cyprus business with EIB help
The withdrawal of the bill earlier this week that would have provided support for Cyprus businesses which have suffered in the coronavirus crisis boded ill...
Cyprus seeking EIB funding for LNG plant and research projects (Updated)
A series of projects the government intends to launch, and for which it is seeking support from the European Investment Bank (EIB), were discussed on...
EIB set to keep tight Turkey restrictions in place (update 2)
The European Union’s lending arm, the European Investment Bank, expects to keep its lending heavily restricted in Turkey this year, as an EU row with...
EIB approves loans for SMEs
The European Investment Bank (EIB) has approved two loans for Cyprus totalling €170 million, strengthening the government’s efforts to support small and medium sized enterprises...
EIB to halt Turkey lending till year-end in Cyprus-linked move
The European Investment Bank (EIB) will not do any new lending in Turkey linked to the government until at least the end of the year...
Strategic reserves receive cash injection
The European Investment Bank (EIB) on Thursday confirmed €35 million in new financing for the expansion of strategic oil reserves in Cyprus. Management of strategic...
Hellenic, Co-op sign state-guaranteed loan agreements with EIB
By Stelios Orphanides Hellenic Bank and Cyprus Cooperative Bank signed a €40m and €25m loan deal with the European Investment Bank (EIB) respectively which will...
Finance ministry accused of not respecting the public good
The war of words over the secondment of a finance ministry employee to the European Investment Bank (EIB) rose a notch on Tuesday when an...
Auditor-general eyes probe in ‘politically driven’ appointment
JUST because the law is routinely violated is no excuse for inaction when illegality is spotted, Auditor-general Odysseas Michaelides said on Tuesday, referring to Finance...
EIB and BOC to inject €134m in new loans for SMEs
THE European Investment Bank (EIB) and Bank of Cyprus on Friday signed an agreement to inject €134m of cheap credit for small and medium-sized companies...
European Investment Fund and RCB sign €10m agreement
The European Investment Fund (EIF) and RCB Bank on Friday signed the first European Fund for Strategic Investments (EFSI) agreement in Cyprus, which will provide...
EIB to finance water management projects worth €55m
Finance minister Harris Georgiades and the vice-president of the European Investment Bank Jonathan Taylor signed two agreements on Tuesday to finance two water management projects...
RCB signs agreement with EIB to lend €40m to SMEs
RCB Bank, the unit of Russia’s state-owned VTB and Otkritie Financial Corporation, said that it entered an agreement with the European Investment Bank (EIB) and...
EIB interested in helping finance Famagusta rebuild, Turkish Cypriots say
The European Investment Bank (EIB) is discussing the issue of carrying out a financial analysis regarding the occupied city of Famagusta and the fenced off...
Cyprus a success story, EIB president says
Cyprus has been a success story, the president of the European Investment Bank said on Friday, despite the difficulties still faced by the economy. “All...
Government, EIB to sign €150m loan guarantee agreement for SMEs
Cyprus and the European Investment Bank will sign on Thursday a €150m government loan guarantee agreement that will help Cypriot lenders extend loans to small...
Green light for €105m EIB loans to SMEs
By Elias Hazou THE Cabinet has green-lighted government guarantees to the European Investment Bank (EIB) to the tune of €105m to finance small and medium...