The European Investment Bank (EIB) announced Friday it is raising its financing ceiling to a record €100 billion to accelerate investments in defence, energy security and Europe’s technological leadership.
The new ceiling includes a 3.5% boost in financing for the security and defence sector, as well as over €11 billion for Europe’s power grids and storage. It also expands support for EU technological and industrial innovation.
“The unanimous support of our shareholders, the 27 member states, for our proposals to provide record financing for defence, energy security, and tech leadership shows the key role of the EIB Group in supporting Europe’s strategic priorities,” said EIB Group President Nadia Calvino.
In addition, the EIB is launching the "TechEU programme," the EU’s largest innovation financing initiative to date. It will provide €70 billion in EIB Group equity, quasi-equity, loans and guarantees for 2025-2027, aiming to attract private capital and generate at least €250 billion in investments.
TechEU will target key sectors such as supercomputing, artificial intelligence, digital infrastructure, critical raw materials, green industries like offshore wind, health, security and defense technologies, robotics and advanced materials. It will support companies from early-stage development to IPO.
Headquartered in Luxembourg, the EIB finances strategic joint projects across EU member states.
Indian police detained more than 2,000 protesters in Delhi on Saturday as authorities blocked a planned demonstration calling for the resignation o...
A powerful explosion has been reported at King Khalid International Airport in Riyadh, raising fresh concerns over aviation security in Saudi Arabi...
At least 12 people, including three children, have been killed in a Russian attack on the Ukrainian city of Zaporizhzhia, a day after U.S. Presiden...
Leaders of countries from the Commonwealth of Independent States (CIS) have agreed to hold coordinated population censuses around 2030. They took the decision at the CIS Council of Heads of State meeting in Awaza, Turkmenistan on Friday, media reported.
Britain and Israel have reached a temporary compromise over the future of the British Consulate General in East Jerusalem, easing a diplomatic dispute that had threatened to further strain relations between the two countries.
South African judge Navanethem “Navi” Pillay won the Nobel Peace Prize on Friday “for her efforts to promote peace and international law,” the Norwegian Nobel Committee said.
The U.S. has imposed sanctions on the International Criminal Court (ICC) on Friday (9 October) escalating tensions with European allies and potentially targeting companies that provide services to the tribunal. The move came hours after former ICC judge Navi Pillay won the Nobel Peace Prize.
Ukrainian President Volodymyr Zelenskyy has sharply criticised the United States following a series of Russian attacks that killed more than 70 people over two days, arguing that Washington is not doing enough to help Kyiv counter Moscow's continued assault.
Uzbekistan and Russia have a portfolio of more than 200 joint projects worth almost $6 billion, as the two countries continue to expand regional and business ties. The projects were discussed during the third meeting of the Council of Regions of Russia and Uzbekistan, held in Fergana, Uzbekistan.
In the marshlands of Malluba in southern Azerbaijan, Kamil Mammadov follows a routine that has been passed down through generations. His family has worked with medicinal leeches for centuries, harvesting and breeding a species known as Hirudo orientalis, or the Caucasian medicinal leech.
Baku is hosting the second Azerbaijan International Investment Forum (AIIF 2026) and it’s attracting more interest this year, Azerbaijan’s Deputy Prime Minister told AnewZ. “The agenda is very impressive. More guests, more interest,” he said.
Warren Buffett has stepped down as chairman of Berkshire Hathaway, marking the end of one of the most influential leadership tenures in corporate history and completing a succession process that has been years in the making.
Nigerian billionaire Aliko Dangote launched Africa's biggest-ever share sale on Monday, opening the oil refinery that has remade the country's fuel market to public ownership for the first time.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment