about us | newsletter | contact | archive | members area
Tal Roma, AFI Europe Romania
In 2017, the companies were facing a more competitive labour market»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

Andrew McDowell is appointed Vice-President of the EIB

Andrew McDowell joined the European Investment Bank as Vice-President on 1st September, 2016. He is the first Irish member of the bank’s Management Committee for 12 years.

2016-09-02 14:09:05

Prior to joining the European Investment Bank, Andrew McDowell was Economic Advisor to the Taoiseach, Ireland's Prime Minister, since 2011. He has 20 years of experience in economic policy and public service management. Prior to working for the Taoiseach, Andrew was Chief Economist at the Irish business development agency, Forfas, and European Deputy Editor at the Economist Intelligence Unit. He holds an MBA from the Michael Smurfit Graduate School of Business and studied at John Hopkins University and University College Dublin.

"It is an honour and a privilege to join the European Investment Bank's Management Committee. Demonstrating a firm response to the economic crisis, the European Investment Bank has played a key role unlocking new investment in social and economic infrastructure, improving access to finance and supporting improved economic opportunities both in Ireland and across Europe. I look forward to helping the EIB build on this proven track record and strengthen its role and relevance in the years ahead," said Andrew McDowell, European Investment Bank Vice-President.

Andrew McDowell was appointed by the Governors of the European Investment Bank, consisting of the 28 European Union Finance Ministers. This follows his nomination by Irish Finance Minister Michael Noonan after an open and competitive process managed by the Irish Department of Finance, and a proposal by the EIB Board of Directors. His nomination was made in agreement with the shareholder constituency comprising of Romania, Greece, Denmark and Ireland. Based on this agreement, he is expected to serve as Vice-President for four years.

Owned directly by the 28 European Union member states, the European Investment Bank is the world's largest international public bank and over the last five years has provided more than EUR 3.8 billion for long-term investment across Ireland. The EIB has supported investment in Ireland since 1973 and in recent years significantly increased and broadened lending activity in the country.
Recent investment backed by the European Investment Bank across Ireland has improved education, social housing, healthcare, flood protection, water, roads, ports and airports, energy and telecom infrastructure, as well as enabled increased small businesses lending.

EIB Vice-Presidents are appointed by the Board of Governors, on a proposal from the Board of Directors. The EIB President and eight Vice-Presidents constitute the Management Committee, the Bank's permanent collegiate executive body. Under the authority of the President and the supervision of the Board of Directors, the Management Committee oversees the day-to-day running of the EIB, prepares decisions for Directors and ensures that these are implemented.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  11267 Views
Daily Info
Believe in people's potential

"The greatest danger for most of us is not that our aim is too high, and we miss it, but that it is too low, and we reach it." (Michelangelo Buonarroti) This is my motto that ...

Veeam estimates record growth, one billion USD turnover in 2018

Veeam Software posts another quarterly growth, 21 per cent higher than last year. Overall, the financial performance for 2017 was remarkable, with revenues of 827 million USD....

TransferGo attracts 8.6 million Euro financing for international expansion

TransferGo, the international fast online transfer company, has attracted a round of investment of 8.6 million Euro, which is the biggest amount received in a single financing...

Bucharest Henri Coanda Airport could get a new terminal

A new passenger terminal could be added to Bucharest's Henri Coanda International Airport (Otopeni), as part of an ample development project estimated at over one billion Euro...

New Kopel Car to import BYD electric vehicles in Romania

New Kopel Car Import, a SIXT Group Romania company, announced that it became the importer of BYD Electric busses and vehicles in Romania.

 
 
   
advertising

advertising

advertising

advertising

advertising

More on News
ING Bank Romania to accelerate business development through digitization

Customers are increasingly interacting with the bank through its digital platforms and are making more card payments, according to a report issued by ING Bank Romania.

4 Comments

TransferGo: We will come to a point where money transfers will be dominated by app usage

Cash will become obsolete and this will be the result of digital finance advancement, Marius Nedelcu, Country Manager at TransferGo told The Diplomat-Bucharest.

1 Comment

Globalworth: The number of green accredited buildings continues to grow every year

Romania today is one of the few economies in Europe that had a consistent expansion over the past six years, outpacing EU average growth, Dimitris Raptis, deputy CEO and Ch...

3 Comments

UniCredit announces updates in the Mobile Banking application

UniCredit Bank launches new facilities in the up-to-date version of its Mobile Banking application to provide customers with a simpler and faster user experience.

3 Comments

ESOP: We expect that the green building trend further grows

The Romanian market is one of the most dynamic in the region due to the accelerated development in IT&C, BPO, shared services industries, and to the expansion of research &...

Immofinanz: Constant, visible shift towards energy efficiency on the local office sector

Romania's strong economic growth in 2017 placed the country in a leading position in the CEE region and the trend is expected be sustainable over the next years, Christian ...

2 Comments

Crosspoint: Currently, there is a relatively small number of green office buildings throughout Romania

2017 has been a good year for the office market all throughout the CEE region: low vacancy rates (Bucharest - nine per cent, Warsaw - 14 per cent, Budapest - 9.2 per cent, ...