Brussels: The European Investment Bank (EIB) has appointed Czech Deputy Finance Minister Marek Mora as its new Vice-President, with the appointment taking effect on October 20. Mora will succeed Kyriacos Kakouris of Cyprus and will join the bank’s Management Committee.
According to Trend News Agency, Mora has been serving as the Deputy Finance Minister since April 2023. Prior to this role, he was the Deputy Governor of the Czech National Bank for over four years. Mora has also held significant positions at the General Secretariat of the Council of the European Union, where he led the cabinet of the secretary-general and managed the department for budget, tax, and regional policy. Notably, Mora will be the first Czech national to serve as EIB Vice-President since 2007.
EIB President Nadia Calvi±o expressed confidence in Mora’s ability to enhance the bank’s efforts in fostering impactful investment and promoting economic resilience within the EU. Mora himself stated his eagerness to contribute to the EIB’s mission of supporting sustainable development and economic cohesion, noting that joining the bank is a privilege.
The EIB Group, which includes the European Investment Fund, has been active in Czechia since 1992. Over the years, it has provided nearly 30 billion euros in financing for a variety of public and private projects, including initiatives in green energy, support for SMEs, and major transport infrastructure developments.