The seventh annual ELTI General Assembly was held at the Intercontinental Hotel in Budapest on Friday, 8 November 2019, courtesy of our Hungarian member MFB Hungarian Development Bank Plc.
As part of the European Week of Regions & Cities, between 7-10 October 2019, the European Long-Term Investors Association co-organised the session 'Financing Europe's Sustainable Energy future' on Wednesday 9 October. This discussion focused on the contribution of National Promotional Banks and Institutions (NPBIs) to the financing of sustainable development in European territories, particularly from the perspective of two ELTI members: the Bulgarian Development Bank (BDB) & MFB Hungarian Development Bank as well as the Manchester Climate Change Agency and the European Commission (DG ENER).
As part of the European Sustainable Energy Week, between 17-21 June 2019, The European Long-Term Investors Association (ELTI) presented the role of the members of the association, specifying the long-term experience and know-how of National Promotional Banks and Institutions (NPBIs), which are - in their respective Member States and through their combined action at EU level - key investors and enablers for a fair and sustainable energy transition.
On 17 June 2019, a special gala dinner was organised at the Hôtel de Pomereu in Paris on the working premises of the Caisse des Dépôts Group. This dinner was a vital opportunity for the ELTI CEOs to discuss the common challenges which Promotional Banks and Institutions currently face with regards to providing financing and long-term investment in their respective countries as well as highlighting ELTI's continued role as the universal voice of National Promotional Banks and Institutions (NPBIs) in the European Union.
In his keynote speech, Mr. Pascal Lamy, former European Commissioner and former WTO CEO, commented on the current political situation in Europe following the elections of the European Parliament.
Let us measure with pride the road that we have travelled, ever since we decided together to promote long-term investments for the real economy in Europe.
Over the course of more than 30 conferences, we endeavored to capture the plurality of the dimensions of long term investment and brought at the same table key actors from too often separate worlds. European Commissioners, national and local representatives, representatives of the industrial, financial, social sectors and public investors joined together to discuss the investment needed in key sectors for the future of the EU - urban development, transport and energy infrastructures, digitalisation… - and assess solutions, in particular the roll-out of the Juncker Plan.
To mark the end of this legislature and celebrate together our achievements, we are very pleased to invite you to a cocktail on :
April 2, 18 :00 – 19 :30, PHS 12th floor – Restaurant
For external participants: 17:30 – 17:50 in front of the main entrance of the European Parliament (ASP Building)
On Friday 1st February, over 40 representatives from over 20 different EU NPBIs, IFIs and potential implementing partners met at the ELTI Office in Brussels where they debated for over 3 hours with the European Commission and the European Investment Bank.
Discussions focused on issues which required joint action with key topics ranging from the importance of real direct access for NPBIs in reducing the gap between local projects and European finance; the role of the EIB in the Member State compartment; the specificities of the InvestEU governance structure; the division of roles within the Advisory hub; the operational definition of InvestEU additionality; the thresholds within the ‘sustainability proofing’ discussion; clarifications behind the pari-passu financial contribution method; the conditions and costs associated with a COSME-type guarantee for SME financing and the role of the EIB and EU Commission regarding access to sensitive data of various implementing partners.
Hosted by the European Bank for Reconstruction and Development (EBRD) offices in London on 21 November 2018, this workshop organised by the Long-Term Infrastructure Investors Association (LTIIA) will aim to share best practices in infrastructure program development in emerging countries and will form the basis for a broader reflection that could be brought together at the Davos annual meeting in January.
In 2018, the Hungarian Development Bank (MFB) celebrates the 25th anniversary of the launch of its operation as a development bank.
To mark this occasion, the MFB held a jubilee gala on 16 November, inviting its key existing and potential new clients, leading figures from Hungary’s and Europe’s political and financial scene, and the bank’s domestic and foreign partners and senior staff. The Museum of Fine Arts, reopened in 2018 after its full renovation, provided a fitting venue for the event.