EIB to open representative office in Skopje

By bne IntelliNews May 4, 2021

The European Investment Bank (EIB) will soon open an office in the capital of North Macedonia, Skopje, local media reported on May 4.

"The EIB welcomed the request of Prime Minister Zoran Zaev and has already started the procedure for opening a local representative office in North Macedonia," EIB vice-president responsible for operations in the Western Balkans, Lilyana Pavlova, was cited by Nova Makedonija.

"We hope that this will help us coordinate our activities with the government even more effectively and reaffirm our position as one of the largest multilateral investors in the country and the region," she added.

To date, the EIB has invested €970mn in North Macedonia to support socio-economic development and the EU accession process.

In the last decade, the EIB group has allocated €653mn to Macedonian companies and €277mn to build a modern transport network, contributing to road safety, reduced travel time and regional cohesion.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Russian MTS Bank raises $125mn in IPO on Moscow Exchange

Russian MTS Bank completed an initial public offering (IPO) at the upper end of the price range of RUB2,500 per share, floating 13.3% of the shares on Moscow Exchange, raising RUB11.5bn ($125mn) at a ... more

Russia’s VTB Bank surprises on 1Q24 profit of $1.3bn

Russia’s second-largest bank, state-controlled VTB Bank, posted RUB122bn ($1.3bn) net profit in 1Q24, making a return on equity (ROE) of 22%. Despite declining by 17% year on year, net income and ... more

Swedbank Lithuania's Q1 net profit down 15% y/y to €84mn, revenue up 25%

Swedbank Lithuania, one of the country's largest Scandinavian banks, said that its first-quarter net profit fell by 15.2% year on year to €84mn, BNS, a Baltic newswire, reported on April ... more

Follow Us On

Most Read

  1. The models are wrong, climate change is accelerating faster than predicted
    4 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    9 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    6 days ago
  5. COLLINGWOOD: Ukraine’s power blackout means a dark future
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    29 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. BRICS announce a blockchain-based payment system to create a common currency
    1 month ago
  4. Saudi Arabia to scale back plans for Neom city
    19 days ago
  5. Iran vs Israel: Who is better equipped for war?
    15 days ago

Reports

Dismiss