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Press Inquiries:
EIB: Tim Smit, +352 691 286423, t.smit@eib.org - Twitter #EIB60 and Instagram
Nokia: Brett Young, +358 40 140 5801, brett.young@nokia.com
European Commission: Siobhan Millbright, +32 22957361, Siobhan.millbright@ec.europa.eu - Twitter #investEU
Background information:
The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals. In 2017, the Bank made available in excess of EUR 1.3 billion in loans for Finnish projects.
Founded in 1865, Nokia creates the technology to connect the world. Powered by the research and innovation of Nokia Bell Labs, it serves communications service providers, governments, large enterprises and consumers, with the industry's most complete, end-to-end portfolio of products, services and licensing. Nokia adheres to the highest ethical business standards as it creates technology with social purpose, quality and integrity. Nokia is enabling the infrastructure for 5G and the Internet of Things to transform the human experience.
About The Investment Plan for Europe
The Investment Plan for Europe focuses on strengthening European investments to create jobs and growth. It does so by making smarter use of new and existing financial resources, removing obstacles to investment, and providing visibility and technical assistance to investment projects. The European Fund for Strategic Investments (EFSI) is the central pillar of the Juncker Plan. It provides a first loss guarantee, allowing the EIB to invest in more, often riskier, projects. So far, the projects and agreements approved for financing under the EFSI are expected to mobilise EUR 335 billion in investments and support around 700 000 SMEs across all 28 Member States. Find the latest EFSI figures by sector and by country here, or see the FAQs.
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