Germany: EIB provides €30 million financing to OLEDWorks for automotive lighting

The European Investment Bank (EIB) has granted financing of €30 million to OLEDWorks, a provider of innovative lighting solutions for the automotive industry, microdisplays, and other specialty lighting applications. The loan aims to support the company's expansion and product development within the European Union, with a primary focus on automotive clients. Most of the investment will be used at the borrower's existing site in Aachen, Germany.

EIB Group and European Commission simplify application of State Aid rules to support Europe’s clean industry and hold roundtable with business leaders

The European Investment Bank Group and the European Commission agreed to simplify State aid rules in relation to EIB Group financing, in a step to further facilitate support for Europe’s industry and economic competitiveness.

Joint Statement: Heads of Multilateral Development Banks commit to strong joint action on development priorities

The Heads of Multilateral Development Banks (MDBs) met today in Paris, hosted by the Council of Europe Development Bank (CEB), which currently chairs the Heads of MDBs Group. The meeting focused on advancing their joint efforts to address  development priorities.