On 10 September, the EIB (the EU bank) opened a photo exhibition in central Stockholm.
The exhibition on Raoul Wallenberg Torg features 21 green and sustainable projects that the EIB has financed in Sweden over the last few years, showing how the European Union supports Sweden’s ambitions.
The photos are accompanied by explanations to show how the European Union supports green energy, sustainable mobility, innovative recycling and other innovations in Sweden.
Passers-by and tourists in Stockholm will be treated to a temporary photo exhibition organised by the European Investment Bank (EIB) and the City of Stockholm. 11 life-size frames installed on centrally located Raoul Wallenberg Torg will detail how the EU bank has supported green and sustainable projects in Sweden in recent years.
The featured projects include a number of well-known Swedish municipalities and companies, ranging from financing electric mobility at Volvo to refurbishing the Port of Ystad, to name just two examples. The exhibition can be visited free of charge on Raoul Wallenberg Torg, and will move to Sergels Torg for the month of October. Early next year, the exhibition will be shown in central Malmö.
EIB Vice-President Thomas Östros said: “The EIB has invested in Swedish projects since 1994. In recent years, as the EU climate bank, our focus has been on supporting green and sustainable projects around the country. From renewable energy to sustainable mobility, and from innovative recycling to nearly-zero-energy buildings, the projects supported show how Sweden is a leading country in terms of its ambitions to cut carbon emissions. The EIB is there to help finance these projects.”
In 2020, the EIB made available in excess of €2 billion for Swedish projects. The EIB borrows money on the capital markets and lends it to projects that support EU objectives, with about 90% of all loans being granted within the European Union.
The President of the EIB, Werner Hoyer, and EIB Vice-President Jan Vapaavuori met the Finance Minister Magdalena Andersson and Foreign Affairs Minister Margot Wallström to discuss Sweden’s investment priorities. On this occasion, the EIB President and Vice-President, together with the Deputy Finance Minister Per Bolund, inaugurated the EIB Group’s Representative Office in Stockholm to support business with the public and private sectors and strengthen relations with promoters and partner banks in Sweden. The Office will be headed by Alexander Schenk and was inaugurated in the presence of ambassadors of the EU Member States and representatives of Sweden’s Government and the banking and business communities.
The European Investment Bank Group lent EUR 2.02 billion to projects in Sweden last year. Nearly EUR 1.7 billion of this came through lending operations of the European Investment Bank (EIB), with the remainder provided through guarantee transactions with Swedish intermediaries and investment into funds of funds by the European Investment Fund (EIF).