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  • EU Eastern neighbours

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  • Working with the whole of Europe 

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  • Our activities in EU Eastern Neighbours.

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  • The Bank’s activities in the region aim at supporting the goals set up by the EU’s European Neighbourhood Policy. This is done by financing projects that promote prosperity and increased regional integration, which contributes to the stability of these regions and helps forging stronger intraregional partnerships.

    The Bank's activities in the region promote growth and employment, intraregional trade, and help to protect our common environment and to mitigate climate change by supporting low carbon and climate resilient growth. Following the mid-term review of the External Lending Mandate (which governs the EIB activity outside the EU), the €4.8 billion mandate for 2014-2020 has been increased to €6.65 billion. It covers Armenia, Azerbaijan, Belarus, Georgia, Moldova, Russia and Ukraine.

    By the end of 2019, EIB lending in the Eastern Partnership had reached over €11.8 billion, financing more than 90 investment projects and providing credit lines to support SMEs in the region.

    How do we help?

    • local private sector development, in particular support to SMEs,
    • development of social and economic infrastructure, and
    • climate change mitigation and adaptation.

    In 2014 the EIB also set up a Neighbourhood Finance Facility (NFF), a €3bn facility under which financing will be extended at the EIB's own risk (i.e. without EU guarantee) in the Eastern Neighbourhood region, including Russia, and the Southern Neighbourhood (FEMIP) region.

    The facility enables the Bank to support EU Foreign Direct Investments (FDI) as well as infrastructure projects such as transport, telecommunications and energy in the region.

    Would you like to know more about EIB impact in each country?



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  • Moldova: Small businesses maturing like a fine wine
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  • The wine industry accounts for about 30% of the Republic of Moldova’s exports and employs 15% of the economically active population. However, efficiency shortcomings affecting the small and medium-sized companies that dominate the sector had led to structural weaknesses. A €75m EIB loan to the Moldovan wine sector was made possible thanks to a €2m grant from the Neighbourhood Investment Facility (NIF) Trust Fund, which provided critical technical assistance. The project addresses structural and commercial gaps in the industry while maximising quality production, expanding revenue bases and supporting rural employment.
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  • Projects
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  • Since the first EIB loan signed in 2003, the EIB has invested €9.9 million in the region.

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  • The path to road safety in Ukraine and its neighbours
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  • Lviv’s roads saw 5958 accidents, 47 fatalities and about a thousand injuries last year. These figures are even higher in the rest of the Ukraine. The European Investment Bank’s Eastern road safety projects will make roads safer for 3.3 million users.

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  • Last modified-on: 29-01-2020