Czech Deputy Finance Minister Marek Mora has been appointed Vice-President of the European Investment Bank (EIB). He will assume office on 20 October, succeeding Kyriacos Kakouris of Cyprus.
The appointment was made by the EIB Board of Governors, comprising the Finance Ministers of the 27 European Union member states, following a nomination from the Czech government. Mora will be the first Czech national to hold the position since Ivan Pilip’s term ended in 2007.
Mora has served as Czech Deputy Finance Minister since April 2023. His career includes over four years as Deputy Governor of the Czech National Bank and senior roles within the Council of the European Union, where he oversaw budget, tax and regional policy.
“With his broad background in national and European financial governance and policymaking, Marek Mora will strengthen our capacity to drive impactful investment and promote economic resilience across the EU,” said EIB President Nadia Calviño.
Mora expressed enthusiasm about his new role, stating: “I look forward to contributing to the EIB’s mission of fostering sustainable development and economic cohesion. The EIB has a pivotal role in shaping Europe’s investment landscape and joining the bank is a privilege.”
The EIB, the EU’s long-term lending institution, operates in eight priority areas including climate action, digitalisation, social infrastructure and cohesion. In 2024, the EIB Group signed nearly €89 billion in financing for more than 900 projects, with almost 60 percent of investments directed towards climate action and environmental sustainability.
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