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The European Investment Bank in the Baltic Sea Region

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The European Investment Bank in the Baltic Sea Region The European Investment Bank in the Baltic Sea Region The EIB supports the Baltic Sea Region’s long tradition of cross-border cooperation by financing long-term projects involving transport, energy, the environment, research, development and innovation (RDI), climate action and SMEs. © LANXESS AG Kunststoff Technikum European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank What the EIB can do for the Baltic The European Commission’s overall objec- To connect the region, we finance infra- Sea Region tives for the EU Strategy for the Baltic Sea structure to integrate parts of the Nordic- Region are: Baltic area into a larger Baltic Sea Region. The Baltic Sea Region is home to almost • to save the sea; EIB loans have supported the construc- 100 million people, and eight EU Member • to connect the region; and tion or improvement of bridges, tunnels, States and the Russian Federation share its • to increase prosperity. port facilities and railway links. Improved 8 000 km-long coastline. Each objective is accompanied by indica- and safer energy production and energy tors and targets. transmission lines have also been high on The region has a long tradition of cross- the agenda. border cooperation even though each As the bank of the EU, the EIB has a special country has its own priorities and char- responsibility to contribute to the success To increase prosperity, we support a large acteristics, economic imperatives and of this strategy. number of research, development and political concerns. To address the overall innovation (RDI) projects. In some coun- sustainability of the region the European To save the sea, we finance wastewater tries, RDI has become one of the most Commission, the European Parliament, treatment plants in places classified by important sectors for EIB financing. the Member States and relevant stake- the Helsinki Commission as hot spots or holders have taken a more comprehen- sources of massive pollution. Within the Our firm intention – while contributing to sive approach. This involves tackling envi- framework of the Northern Dimension the implementation of the EU strategy for ronmental problems but also adopting a Environmental Partnership (NDEP), the the region – is to remain the single most common macroregional strategy for the Bank has co-financed several high-prior- active multilateral financing institution in whole Baltic Sea Region, the first of its kind ity projects to clean up pollution in the the area and one of the leading lenders for in the EU’s history. St Petersburg region. flagship projects. Construction of flood barrier in St. Petersburg region. 2 The EIB in the Baltic Sea Region GREENLAND Kalaallit NunaatEuropean Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank (Denmark) GREENLAND Kalaallit Nunaat (Denmark) ICELAND SWEDEN FINLAND EIB lending activities NORWAY ICELAND in the Baltic Sea Region SWEDEN FINLAND ESTONIA RUSSIAN FEDERATION NORWAY SCOTLAND LATVIA DE NMARK LITHUANIA UNITED KALININGRAD ULSTER RUSSIAN (RUSSIAN FED.) KINGDOM ESTONIA SCOTLAND IRELAND FEDERATION BELARUS ENGLAND NETHERLANDS POLAND WALES LATVIA DE NMARK LITHUANIA GERMANY UKRAINE UNITED KALININGRAD ULSTER (RUSSIAN FED.) BELGIUM KINGDOM FRANCE CZECH REP. IRELAND LUX. SLOVAKIA KAZAKHSTAN NETHERLANDS BELARUS WALES ENGLAND POLAND MOLDOVA AUSTRIA LIECHT. SWITZ. HUNGARY GERMANY UKRAINE SLOVENIA ROMANIA BELGIUM FRANCE CZECH REP. BOSNIA & H. LUX. CROATIA SLOVAKIA SERBIA KAZAKHSTAN M.C. S. M. UZBEKISTAN MOLDOVA MONTENEGRO AUSTRIA ITALY KOSOVO BULGARIA LIECHT. GEORGIA SWITZ. HUNGARY AND. VAT. The Baltic Sea RegionSLOVENIA mainly covers the countriesROMANIA that lie wholly or partially within the catchment area of the F.Y.R.O.M. EU Member States (Former Yugoslav Rep. Baltic Sea. The region includes the EU Member States of Denmark, Estonia, Finland, Latvia, Lithuania, Poland and of Macedonia) AZERB AI JAN TURKMENISTAN ALBANIA TURKEY ARME NI A Sweden. The part of GermanyBOSNIA included & H. in the Baltic Sea Region comprises the five Bundesländer of Schleswig- Russian Federation PORTUGALCROATIA Holstein, Hamburg, Mecklenburg-WesternSPAINSERBIA Pomerania, Brandenburg and Berlin. The two EFTA countries, Nor- wayM.C. and Iceland,S. M. are members of the Council of the Baltic Sea States and have traditionally been included in UZBEKISTAN the region, although only smallMONTENEGRO parts of eastern Norway areBULGARIA within the catchment area itself. The north-western EFTA countries ITALY KOSOVO GEORGIA AND. part of the RussianVAT. Federation is also included in the Baltic Sea Region, although geographically the furthermost GREECE F.Y.R.O.M. northern parts are outside the catchment(Former area. Yugoslav Karelia Rep. and the Kola Peninsula are closely involved in Baltic Sea Baltic Sea Region of Macedonia) AZERB AI JAN cooperation with their western neighboursALBANIA through the Northern Dimension PolicyTURKEY and various partnerships TURKMENISTAN TUNISIA MALTA ARME NI A SYRIA PORTUGAL under the Northern Dimension initiative. The EIB is engaged in lending activity in all the countries covered by CYPRUS IRAQ SPAIN the EU Strategy for the Baltic Sea Region. ALGERIA LEBANON AFGH. MOROCCO IRAN GREECE TUNISIA MALTA The EIB in the Baltic SYRIASea Region 3 CYPRUS IRAQ ALGERIA LEBANON AFGH. MOROCCO IRAN European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank © Oresundsbro The EU Strategy for the Baltic Sea and the EU Strategy for the Adriatic Ionian attention is to be paid to the impact of Region Region (EUSAIR), expected to be adopted excess nutrients in the Baltic Sea, which by the end of 2014. Additional strategies lead to eutrophication1 and algal blooms. The EU Strategy for the Baltic Sea Region could follow, such as an EU strategy for the There is also damage to the ecological bal- (EUSBSR, adopted by the European Coun- Alpine regions. ance due to overfishing, land-based pol- cil in 2009) is designed to coordinate action lution, rising sea temperatures, the pres- by Member States, regions, the EU, pan- The implementation of the Strategy for ence of hazardous substances and other Baltic organisations, financing institutions the Baltic Sea Region is financed mainly by pressures. and non-governmental bodies to promote various EU funds, the Member States and more balanced development. It fosters loans from international financing institu- The main economic challenges are to over- more intensive cooperation between the tions. It includes an action plan that defines come the wide disparities and realise the countries around the Baltic Sea and aims the main areas in which the EU Strategy huge potential in research and productive to shape the region into a macroregional for the Baltic Sea Region can contribute to innovation and to remove impediments to cooperation model that will serve as a tem- improvements. building a single market. plate for other areas of the EU. This is the case for the EU Strategy for the Danube With regard to the marine environment Priority issues for increasing accessibility Region (EUSDR), adopted in April 2011, and measures to save the sea, particular and connecting the region are to improve 1 Eutrophication is an increase in the concentration of the nutrients nitrogen and phosphorus in an ecosystem to an extent that raises the primary productivity of the ecosystem. This may lead to oxygen depletion and subsequent negative environmental effects, such as a severe reduction in water quality, fish stocks and other aquatic animal populations. 4 The EIB in the Baltic Sea Region European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank • European Investment Bank The European Investment Bank The EIB is one of the world’s largest multilateral financing institutions. As the bank of the European Union, we use our special expertise and resources to make a difference to the future of Europe and its partners by supporting sound investments under- pinning EU policy objectives. Set up in 1958 under the Treaty of Rome establishing the European Com- munity, we operate as a bank and raise the majority networks, end the energy isolation of parts of our resources on the capital markets on favour- of the region and ensure sustainable trans- able terms, which we pass on to our borrowers. Our port modes. shareholders are the Member States of the Euro- pean Union. We are financially autonomous and Finally, to enhance prosperity it is impor- do not come under the EU budget. tant to increase resources for research and innovation and promote smart specialisa- We lend primarily to projects in the EU Member tion in the region. There is a need to pro- States. vide further support for small and medium- sized enterprises (SMEs), while complying Outside the Union, we contribute to the imple- with state aid rules, by broadening access mentation of EU development aid and cooperation to finance, improving regulation and help- policies under specific regional mandates covering ing SMEs to adapt to globalisation. Greater EU Candidate and Potential Candidate Countries in emphasis will also have to be placed on the the Enlargement
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