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ELTI Secretary-General, Helmut von Glasenapp participated in the European Parliament Seminar on “InvestEU & the Economy of Well-being: making the most of local know-how”, on Wednesday 4 December 2019. Hosted by Mr. Alfred Sant, Member of the European Parliament and the Steering Board for Social Infrastructure investment and co-organised together with European Association of Service Providers for Persons with Disabilities (EASPD) and the Lifelong Learning Platform, this joint event brought together the main representatives of the social services, health, education, social and affordable housing and ageing sectors at European level in order to discuss concrete plans for ensuring there is sufficient support for the development and financing of quality local social projects via the InvestEU programme.

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As part of the B-DAY conference on boosting connectivity and investments, held on Tuesday 3 December 2019, ELTI was invited to speak on the panel 'Tomorrow's Connected Europe'. Secretary-General Helmut von Glasenapp presented the cooperation of NPBIs, the European Commission and the EIB in the Connecting Europe Broadband Fund. He highlighted the challenges and the need of funds for digital infrastructure in rural areas and regions, noting how digital skills and investment have to be fostered.

The EIB presented the second edition of the climate survey in Brussels yesterday. EIB VP Emma Navarro opened the presentation with the words: “Listening to citizens’ attitudes is key for us to make sure we address their concerns, while leaving no one behind”.

On 13 November 2019, MEPs Dominique Riquet (France) and Simona Bonafé (Italy) organised a public presentation of the new "Long-term and sustainable investment" parliamentary intergroup. This event was part of the renewal of the European Parliament's Intergroup for long-term investment for the 2019-2024 parliamentary term, spearheaded by the European Long-Term Investors Association (ELTI).

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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.

The 29 ELTI members also released a joint statement reaffirming their commitment to promoting long-term investment in Europe in order to address the challenges ahead. 

ELTI Editorial - Joint answer to common challenges - Promotional Banks and Institutions provide financing

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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)

Agenda   List of Participants  Presentation

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.