13/12/2023
The European Investment Bank (EIB) allocates over €20 billion for investments in various sectors across Europe, including logistical capabilities in Ukraine
The European Investment Bank has approved €20.4 billion in new financing for investments in energy, transportation, business, education, water management, and regional development in Europe and worldwide. This includes the approval of new funding for the reconstruction of roads and bridges in Ukraine and the improvement of railway routes to Ukraine and Moldova.
Additionally, the EIB has introduced a special package of guarantees to enhance access to financing in the wind energy sector amounting to €5 billion to support wind energy equipment manufacturers. This decision follows the European Investment Bank's commitment to provide an additional €45 billion for the REPowerEU plan, aimed at accelerating the decarbonization of the European economy and supporting the modern production of zero-emission strategic technologies.
Specifically, the EIB will provide €5 billion to strengthen commercial banking guarantees for investments in the wind energy sector. It is expected that this scheme will support up to €80 billion in new investments in wind energy and increase installed wind energy capacity by 32 GW.
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Since 2006 SCHNEIDER GROUP has been supporting international companies expanding to Ukraine. Our portfolio includes a full scope of services: from market analysis and partner search to complete accounting outsourcing, legal and tax consulting, and interim management services. We take over all non-core business functions so that our clients can focus on developing their business. We help our clients establishing subsidiaries in Ukraine compliant with local legislative requirements and transparent for international management. Our experts offer advice on best practices to optimise processes, reduce risks and minimise costs.
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