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EIB supports research and development in Poland with almost EUR 1 bn


The first EIB loan of EUR 490 million will finance R&D project grants, which will be awarded by the National Science Centre and the National Centre for Research and Development through open calls to Ph.D. students, post-doctoral fellows and senior scientists. These projects will concern either basic or applied research and will be implemented at public research institutes, universities and business enterprises across Poland. The EIB is lending a further EUR 480 million for the statutory research tasks performed by all categories of scien... Read More »

EIB delivers on increased SME lending and approves support for youth employment


The President of the EIB, Werner Hoyer, commented: “The European Investment Bank is committed to delivering significantly increased lending for SME’s and investment crucial for economic growth as agreed at the European Council three weeks ago. The EIB is also enabling enhanced investment to improve skills and increase jobs by businesses across Europe to fight youth unemployment.” In addition the President stated: “As the EU Bank, we welcome the strong support shown by our shareholders to allow the EIB to make an exceptional contribution to help... Read More »

EIB to reinforce support for renewable and energy efficiency investment across Europe


Over the last 10 months the EU Bank has undertaken a comprehensive review to ensure that its energy lending criteria reflect EU energy and climate policy, as well as current investment trends. The new proposals were discussed by the Bank’s Board on Tuesday 23rd July, who approved them with additional clarifications on proposed exemptions to the Emissions Performance Standard. Following the review the European Investment Bank will focus on financing energy efficiency, renewable energy, energy networks, as well as related research and innovati... Read More »

Oriflame Cosmetics concludes share buyback programme


According to the buyback programme, the Company was to purchase own shares or SDRs up to a maximum value of SEK 350m during the period from 2 January 2013 to latest 23 April 2013. The programme was implemented in accordance with Commission Regulation No. 2273/2003 of 22 December 2003. Oriflame’s accumulated share buybacks in the period from 2 January 2013 to 12 April 2013 total 1,613,409 shares (corresponding to 2.8% of the total number of outstanding shares of 57,121,134 shares) at the total purchase sum of SEK 349,999,848, to an average pr... Read More »

ArcelorMittal announces final tender results of its offer to purchase any and all of ArcelorMittal USA’s USD 6.500% notes due 2014


The Offer was made pursuant to an offer to purchase dated June 17, 2013 (the “Offer to Purchase”), which sets forth a more comprehensive description of the terms of the Offer. Capitalized terms used but not otherwise defined in this press release shall have the meanings given to them in the Offer to Purchase. On July 1, 2013, the Offerors made a payment in cash for all Notes tendered prior to 11:59 p.m., New York City time, on June 28, 2013 (the “Early Tender Time”). As of the Early Tender Time, the Offerors had received tenders in respect o... Read More »

Support for Romanian SMEs: EIB signs loan contract with ING Bank Romania


The intermediated loan will allow for financing of small and medium-sized projects that will be undertaken by SMEs and by midcap companies (i.e. companies with up to 3000 employees) as well as by public sector entities or other types of private sector promoters in Romania. With today’s signature, the EIB has so far signed a total of 9.4 billion Euros since the beginning of the Bank’s lending activities in Romania in 1993. 700 million Euros were signed over the last five years, to support almost 2,900 SME projects. EIB’s Vice-President Mihai ... Read More »

First EIB loan after Croatia’s EU accession: EUR 250 million for smaller projects


EIB Vice-President Anton Rop stated: “I very much welcome the fact that the first EIB loan signed after Croatia joined the Union addresses the key lending priority of the EIB – to improve the extremely tight financing conditions for SMEs and mid-caps in the current prolonged economic crisis. Better availability of long-term financing is vital for further development of this sector, which is the backbone of the Croatian economy and the main driver of growth and employment.” “There is high demand for HBOR’s loans: in the first six months of th... Read More »

EIB launches largest EUR Climate Awareness Bond (CAB) ever


Size - EUR 650m, the largest climate-themed bond in EUR market ever Mini-benchmark approach - allowing for liquidity, flexible sizing to investor demand and transparent pricing in line with the EIB’s existing ECoop curve New operational arrangements - first dematerialised (paperless) issue under Luxembourg Law, first EIB-issue settling via LuxCSD with DVP in central bank money Earmarking of proceeds - for select projects in the fields of renewable energy and energy efficiency, thereby supporting Climate Action The bond generated strong... Read More »

Luxair extends its network to Dublin


Two years after having been forced to abandon flights to Dublin Luxair Luxembourg Airlines announces that it will resume this direct route with four weekly flights (Monday, Wednesday, Friday and Sunday) as of 30 March 2014 and this for the entire summer season. The flights can be booked as from next Monday, 8 July 2013. These new flights will be operated by a Bombardier Q400 with a capacity of 76 seats (versus 49 for the Embraer ERJ145 used in the past) and will allow the travellers from Luxembourg and the Greater Region to reach the Iris... Read More »

LuxairGroup results for financial year 2012: a negative year


The aviation sector remains very sensitive to the vagaries of the economy, with increased exposure with regard to traditional regional air transport in Europe. Luxair Luxembourg Airlines’ operating result thus logically experienced a further downturn in 2012, while the tour operator LuxairTours only just managed to struggle through in a highly competitive environment. As for the freight handling business, the interaction between the state of the economy and goods transport unsurprisingly resulted in a decline in volumes handled by LuxairCARGO. ... Read More »

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