Funds from European Investment Bank to drive digital upgrade
Cyprus is the largest beneficiary of European Investment Bank (EIB) engagement in Europe relative to GDP, the EIB said on Monday as it announced a...
European Investment Bank
After 15 years, we’re still waiting for gas
The deal signed this week to import natural gas is just the latest in a long line of failed attempts By Elias Hazou The European...
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...
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...
Eide and Hoyer discuss post-solution project financing
UN Special Adviser Espen Barth Eide met in Nicosia on Monday with European Investment Bank (EIB) president Werner Hoyer to discuss the potential for infrastructure projects if...
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...
EU’s richest countries getting lion’s share of bloc’s investment plan
Nearly all of the money spent so far from the European Union’s €315bn investment plan has gone to the 15 richest countries in the bloc,...
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...
Cyprus, EIB sign loan guarantee deals worth €150m
Finance minister Harris Georgiades said that last year’s growth rate suggests that Cyprus, which will continue its reform effort and maintain fiscal discipline even after...
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...
Innovatively solving the NPL issue?
A recent seminar in Nicosia focused on the options open to banks in dealing with non-performing loans in Cyprus. Financial expert Erol Riza sums up...
Cyprus, EIB sign agreements worth €115m
By Stelios Orphanides The European Investment Bank agreed to lend €100m to Cyprus to finance projects co-financed by the European Union’s cohesion funds, finance minister...
EIB considers funding new strategic oil storage terminal in Cyprus
The European Investment Bank has announced it is considering a proposal from the Cyprus Organisation for Storage and Management of Oil Stocks (KODAP) to fund...
‘Where is the money going?’
By Staff Reporter EUROPEAN bankers chided Cypriot banks yesterday for failing to pass on millions to small and medium sized businesses, which they called the...
EIB discusses energy investment
By Stefanos Evripidou EUROPEAN Investment Bank (EIB) President Werner Hoyer yesterday met with President Nicos Anastasiades in Nicosia where the main focus of discussion was...
EIB will lend Cypriot banks €85m
The European Investment Bank (EIB) will lend Cypriot banks €85 million to be used to finance small and medium businesses, it was announced on Friday....
High-level EIB delegation to visit Cyprus
A high-level delegation from the European Investment Bank (EIB) is expected to visit to Cyprus on Friday, September 19, in order to sign new financing instruments...
New system promises cheap and clean electricity
By Evie Andreou AN AWARD-WINNING innovation promising to provide sustainable energy at highly competitive prices is being introduced to the island. ‘Lloyd’s System’ collects and...
Deutsche Bank team to explore LNG terminal funding
By Staff Reporter A HIGH-LEVEL delegation from the German giant Deutsche Bank is due in Cyprus on Thursday to discuss financing prospects for a natural...
New €50m credit line for SMEs
THE European Investment Bank (EIB) has authorised a new €50m credit line for small and medium-sized enterprises via a deal concluded yesterday with the Cooperative...