Press Office
- European Investment Bank
- Communication Department
- 98-100, boulevard Konrad Adenauer
- L-2950 Luxembourg
- Luxembourg
The European Investment Bank Group provided an unprecedented €1.6 billion backing for transformational investment across Ireland last year. The 2023 investments are helping companies to expand and create skilled jobs, homeowners to cut energy bills, increasing renewable energy generation and supporting the development of the new Cork University Business School (CUBS). This represents the largest backing for new investment in Ireland by the European Investment Bank Group since the first operation in 1973.
The European Investment Bank (EIB) is providing a loan of close to €45 million for an innovative geothermal heating project Eavor-LoopTM in the German state of Bavaria. Canada-based Eavor will implement its closed loop geothermal technology for the first time at commercial scale in the Bavarian town of Geretsried. In contrast to conventional geothermal heating, the Eavor-LoopTM technology does not capture heat from subsurface water or steam reservoirs. Instead, the company drills deeply into the earth and harvests the heat directly from underground rocks.
The European Investment Bank (EIB) is pleased to announce the appointment of Ioannis Tsakiris to its Management Committee. Following a decision by the EIB’s shareholders – the Member States of the European Union – Ioannis Tsakiris from Greece succeeds Christian Kettel Thomsen, who left the bank last year to become Governor of the Danish Central Bank. The new Vice-President started his term on 01 May 2024.