The European Investment Bank (EIB) has signed a loan agreement with Internet of Things (IoT) security technology company Intrinsic ID. The EIB will lend EUR 11 million in support of the expansion of Intrinsic ID’s R&D, engineering, product development and support resources. The EIB loan is supported under the European Fund for Strategic Investments (EFSI), main pillar of the Investment Plan for Europe, or “Juncker Plan”.
Against the background of a challenging environment the EBRD is maintaining a strong focus on Turkey. In 2018 alone, the Bank invested €1 billion in the country. Turkey remains by far the largest portfolio among the 38 economies where the Bank currently invests.
The European Commission welcomes today’s vote in the European Parliament on InvestEU, the programme to boost investment in Europe in the next long-term EU budget. This vote brings InvestEU one step closer to its creation.
The InvestEU Programme will bring together under one roof the multitude of EU financial instruments currently available to support investment in the EU, making funding for investment projects in Europe simpler, more efficient and more flexible.
Panel remarks by Sabine Lautenschläger, Member of the Executive Board of the ECB, at the Network for Greening the Financial System Conference, in Paris, France, 17 April 2019.
A briefing by the European Parliamentary Research Service.