From September 1: Nehammer to Become EIB Vice President

He will succeed the Swedish Vice President Thomas Östros on September 1st. His appointment was made by decision of the finance ministers of the EU countries as shareholders of the bank, following a proposal by Austria, the EIB announced on Tuesday.

Nehammer's new job was announced on April 1st of this year. The FPÖ then spoke of "job trading." "Nehammer's chancellorship was marked by record debts, which the country will have to deal with for decades - and of all people, the one overall responsible for this is now supposed to become a banker at the highest level," criticized FPÖ General Secretary Christian Hafenecker at the time.

Nehammer Consulting GmbH on Hold

His job as the sole shareholder of Nehammer Consulting GmbH, which the former chancellor had registered in the commercial register after leaving politics, has been put on hold with the new EIB vice presidency, according to his circle to the APA.

The European Investment Bank (EIB) works closely with other EU institutions. It grants loans in areas such as climate protection and ecological sustainability, digitalization and technological innovation, security and defense, agriculture and bioeconomy, and social infrastructure to promote European integration. The last EIB Vice President from Austria was Wilhelm Molterer (ÖVP) from 2011 to 2015.

(APA/Red)

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