Mr Mihai Tănăsescu has resigned from the EIB’s Management Committee and the EIB due to serious health problems. Mihai Tănăsescu was appointed by the Board of Governors of the EIB as Vice President and member of the Management Committee in 2012. He was the Management Committee lead for EIB operations in Romania, Bulgaria, the Former Yugoslav Republic of Macedonia, Greece, Cyprus, and EFTA countries, as well as for risk management, energy, and economics until October 2014, when he took leave of absence. The Management Committee of the EIB thanked Mr Tănăsescu for his contribution to the Bank’s work during his tenure.
Serbia: EIB Global to invest €73 million to speed up decarbonisation of automotive industry
EIB Global, the arm of the European Investment Bank (EIB) devoted to activities outside the European Union, is providing a €73 million loan to Fiat Chrysler Automobiles (FCA) Serbia, part of the Stellantis Group, to modernise, equip and adapt its car manufacturing facility in Kragujevac to produce a new electric vehicle platform. The project aims to support the green transformation of the European automotive industry, increase competitiveness, and enable the transfer of technology and expertise. As one of the largest EU foreign direct investments in the Western Balkans, the funds are also expected to attract additional private capital to the region.