European Investment Bank Appoints Aimilia Pistrika as Head of Nicosia Office

Strategic Insights -

Aimilia Pistrika has been appointed as the new Head of the European Investment Bank's (EIB) Nicosia Office, effective September 1st. She succeeds Antonis Papageorgiou, who was appointed in an interim capacity when the new office was inaugurated last November by President Nadia Calviño. Pistrika will coordinate the EIB Group's efforts to support positive impact and transformative change across Cyprus, leveraging her decade of experience at the EIB's headquarters in Luxembourg, where she worked on civil engineering and climate finance projects.

Key Takeaways:

  • Aimilia Pistrika has over a decade of professional experience at the EIB's headquarters in Luxembourg, with a background in civil engineering and climate finance.
  • She will coordinate the EIB Group's efforts to support transformative projects across Cyprus, focusing on energy security, education, public sector modernization, and the water sector.
  • Pistrika has a deep knowledge of Cyprus, having worked on water security projects and other key initiatives on the Blue Economy.
  • She holds a PhD from the National Technical University of Athens in cooperation with the Delft University in the Netherlands, and an MSc from the Imperial College London in the UK.
  • EIB Vice-president Kyriacos Kakouris said Pistrika's appointment marks a step forward in the EIB's commitment to support impactful investment across key areas such as sustainable infrastructure, water management, and climate resilience.
  • The EIB Group has invested over €5.5 billion in Cyprus since its first operation in 1981 and remains a key partner in the country's sustainable growth.
  • The bank's priority sectors in Cyprus are energy security, affordable housing, SMEs and innovation, water and climate resilience.

Statistics:

  • Aimilia Pistrika has over 10 years of professional experience in civil engineering and climate finance within the EIB.
  • The EIB Group invested €5.5 billion in Cyprus since its first operation in 1981.
  • The bank's priority sectors in Cyprus account for approximately 60% of the EIB Group's investments in the country.
  • Nearly €89 billion in new financing was signed by the EIB Group in 2024 for over 900 high-impact projects.
  • Approximately 50% of the EIB's financing within the EU targets cohesion regions, where per-capita income is below the EU average.
  • Almost 60% of annual EIB Group investments support climate action and environmental sustainability.

Sources:

  • European Investment Bank (ElB)
  • EIB Vice-president Kyriacos Kakouris
  • Aimilia Pistrika
  • National Technical University of Athens
  • Delft University
  • Imperial College London
  • European Investment Fund (EIF)
  • Multimedia Investments Ltd
  • Contify.com