During his keynote address at PRI in Person, held in Paris on 11 September, President Hoyer presented the European Investment Bank’s commitments for climate action and environmental sustainability. He also pointed the key role the EIB can play with regard to redirecting private finance towards sustainable investments.
Serbia: EIB Global to invest €73 million to speed up decarbonisation of automotive industry
EIB Global, the arm of the European Investment Bank (EIB) devoted to activities outside the European Union, is providing a €73 million loan to Fiat Chrysler Automobiles (FCA) Serbia, part of the Stellantis Group, to modernise, equip and adapt its car manufacturing facility in Kragujevac to produce a new electric vehicle platform. The project aims to support the green transformation of the European automotive industry, increase competitiveness, and enable the transfer of technology and expertise. As one of the largest EU foreign direct investments in the Western Balkans, the funds are also expected to attract additional private capital to the region.