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The EIB Group — consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF) — recorded stable business in Austria in 2022, granting financing of €1.62 billion overall. Annual lending in the previous years was also in the realm of €1.6 billion.
In 2022, project finance focused on innovation, renewable energy and affordable housing. After the pandemic, multiple joint projects with banks, both public and private, secured financing for small and medium-sized enterprises (SMEs), the backbone of the Austrian economy.
Other key areas of financing in 2022 were research, development and innovation to boost competitiveness, and climate action and the environment.