European Investment Bank - EIB
The European Investment Bank - (EIB, www.eib.org/en) is an international financial institution of the European Union established in 1958 under the Treaty of Rome, signed in Rome on March 25, 1957. The EIB headquarters is in Luxembourg. The members of the EIB are the 27 Member States of the European Union, who have all subscribed to the EIB capital.
EIB helps the economy, create jobs, promote equality and improve lives for EU citizens and for people in developing countries.
The EIB Group has two parts: the European Investment Bank and the European Investment Fund. The EIF specialises in finance for small businesses and mid-caps.
The EIB focuses on four areas:
The Slovak Republic and the EIB
On May 1, 2004 the Slovak Republic, together with 9 other countries, joined the European Union and became a shareholder of the EIB.
In accordance with the EU policy, the EIB is assigned a key role in financing long-term investment projects in the Slovak Republic, mainly in infrastructure development, such as construction of highways and roads, financing of telecommunications projects, construction and modernization of rolling stock and telecommunications for national railways, investments in energy sector, and also energy saving schemes.
Loans provided for investment projects in Slovakia since 1992 amount to more than 8.5 billion eur. Major projects co-financed by the EIB in this sector include the construction of Apollo Bridge over the Danube in Bratislava, upgrading of tracks, rolling stock and telecommunications for national railways, and construction and modernization of highways and roads.
The Governor for Slovakia in the Board of Governors is the Minister of Finance of the Slovak Republic. The full member of the Board of Directors for Slovakia is Mr. Peter Fröhlich, CEO of Slovak Investment Holding, a.s. and the alternate member is Mr. Martin Polónyi, Director General of Department of International Relations at the Ministry of Finance of the Slovak Republic.
The Ministry of Finance of the Slovak Republic is represented as a full voting member at the regular meetings of the Investment Facility Committee, set up under the Cotonou Agreement (ACP countries).
Slovakia and EIB
- Information about EIB projects in the Slovak Republic are published on the EIB website.
Slovakia as an EIB donor:
Governance and structure:
European Investment Bank
98 - 100, boulevard Konrad Adenauer
L – 2950 Luxembourg
EIB Group Office in the Slovak Republic
House of European Union
SK - 81106 Bratislava
Tel: +421 2221 12121