Vienna, 26 April 2013 Press release

Spindelegger: "EIB funds should increasingly be earmarked for regional development"

EIB President Werner Hoyer and EIB Vice-President Wilhelm Molterer intend to step up cooperation with Austrian businesses

Vienna, 26 April 2013 – In a meeting with the President and Vice-President of the European Investment Bank (EIB), Werner Hoyer and Wilhelm Molterer, Austrian Vice-Chancellor and Foreign Minister Michael Spindelegger stressed the EIB's responsibility for stimulating growth in Austria's neighbouring countries and the Danube region.

"The European Investment Bank has for many years been a reliable partner of the public sector, banks and Austrian companies. Today, the EIB is faced with new challenges, in particular in our neighbouring countries and the Danube region. Any stimulation of growth is welcome here", the Vice-Chancellor said.

Spindelegger stressed that growth and employment would benefit directly from the financing of SMEs, the establishment of start-ups, and from research and innovation projects as well as projects on the use of energy efficiency potential. In many cases, however, the services offered by commercial banks in the new member states and candidates countries are still fragmentary.

"Austria has launched initiatives within the framework of the Strategy for the Danube Region, such as the Danube Business Forum and the Danube Financing Dialogue. The EIB can build upon existing structures and reach SMEs directly. Projects that are small but of great value for the Union should also be financed", Spindelegger said.

Federal Ministry for
European and International Affairs
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