Friday

29th Mar 2024

Ticker

UK demand for EIB loans dropped in 2017

European Investment Bank president Werner Hoyer said Thursday that in 2017 UK-based demand for loans dropped, compared to the remaining EU-27 - even though UK projects remain eligible until Brexit. Hoyer also said he believed the UK will not be able to immediately offer similar funding opportunities to replace EIB funds. "We will leave a gap in financing in the UK."

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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