EIB NEWS

New study highlights EIB’s role in the upcoming EU research and innovation agenda

In  a new study launched today, Professor Mariana Mazzucato, director of the Institute for Innovation and Public Purpose at University College London (UCL), and Dr Olga Mikheeva, Research Fellow at the UCL Institute for Innovation and Public Purpose, explore how the EIB and its technical and financial advisory services can support innovation and green growth and actively contribute to the future implementation of the new EU Missions.

President Werner Hoyer awarded European Banker of the Year

As he delivered the closing keynote of the first day of the Euro Finance Week in Frankfurt, Werner Hoyer, President of the European Investment Bank, received the award for European Banker of the Year for 2019. In his remarks, President Hoyer emphasised how honoured he felt and that this award was recognition of the dedication and extraordinary efforts by the EU Bank’s staff.

Agreement reached between the European Investment Bank, JSC Nenskra Hydro and Hyundai Engineering & Construction Co., Ltd. in relation to the Nenskra hydropower plant project in Georgia

The European Investment Bank (“EIB”), JSC Nenskra Hydro (“JSCNH”) and Hyundai Engineering & Construction Co., Ltd. (“Hyundai”) have come to an agreement regarding certain omissions in disclosing relevant information in the context of bidding for the Nenskra hydropower plant project. According to this agreement, Hyundai remains eligible to participate in EIB financed projects as long as it complies with the terms of the agreement, which includes the appointment of a compliance monitor, appointed with agreement from EIB, to oversee and enhance its integrity compliance program, and a closer cooperation between Hyundai, JSC Nenskra Hydro and EIB in the exchange of best practices in relation to compliance standards and in the fight against fraud.