Eastern neighbourhood

The European Investment Bank, through its dedicated development finance arm EIB Global, backs the four-year programme of investment in the Moldovan electricity distribution sector. The programme will be implemented by ICS Premier Energy Distribution, Moldova’s largest private electricity distribution system operator, which serves about 70% of the country. The EIB finance, in line with the European Union’s Global Gateway strategy, will contribute to the modernisation, digitalisation and expansion of the electricity distribution grid in the central and southern part of Moldova, including the capital Chisinau.

The European Investment Bank (EIB) Group’s philanthropic arm, the EIB Institute (EIBI), has donated €800 000 to support family-style orphanages in Ukraine coordinated by the Olena Zelenska Foundation, a Ukrainian charitable organisation founded by the First Lady of Ukraine. This donation made in late December 2022 will help 2 082 children living in 280 family-style orphanages in the Kyiv, Dnipropetrovsk, Odesa, Sumy, Chernihiv and Zhytomyr oblasts. Many of these orphanages were evacuated from frontline areas. Due to the war and constant energy and communications outages, they need immediate help.

The European Investment Bank (EIB), the bank of the European Union, and Japan Bank for International Cooperation (JBIC) have agreed to further expand cooperation on a range of globally relevant investments across the globe. This includes identifying co-financing opportunities for infrastructure connectivity (transport, energy and digitalisation) and projects contributing to carbon neutrality in the European Union, such as subsea interconnectors, offshore wind plans, battery storage facilities and hydrogen technology development. In Asia, Africa and the EU neighbouring countries, the EIB and JBIC have agreed to cooperate on co-financing of connectivity (transport, energy and digital) projects.