PRESS RELEASE

3 July 2013

EIB Prize for excellence in economic and social research awarded for the first time

The European Investment Bank (EIB) Prize, launched this year, is an award created by the EIB Institute to recognise and stimulate excellence in economic and social research, its implementation and diffusion. The first EIB Prizes are awarded to two candidates in recognition of their research on the topic of the prize: “Growth, employment and convergence, with applications to the European Union”. This year’s “Outstanding Contribution Award” will go to Prof. Dr Klaus F. Zimmermann from the University of Bonn and Director of the Institute for the Study of Labour (IZA). Prof. Dr Elias Papaioannou, from the London Business School, will receive the 2013 “Young Economist Prize”. Both laureates were honoured for their research that has led to a better understanding of the forces at work in Europe and of suitable policy prescriptions.

The EIB Prize will be presented by EIB President Werner Hoyer and Professor Sir Christopher Pissarides, chair of the jury, during the award ceremony to be held in Warsaw on 19 September 2013.

For more information on the EIB Prize: http://institute.eib.org/programmes/knowledge-2/eib-prize/

Press contacts:

Sabine Parisse, s.parisse@eib.org, tel +352 4379-83340,

Alicja Chytla, a.chytla@eib.org, tel.: +352-4379-88233,

Press office, press@eib.org, tel. +352-4379-21000

For further inquiries on the European EIB Prize, please contact Luisa Ferreira, tel. +352-4379-88540.