European Investment Bank European Investment Bank The European Investment Bank (EIB) is the European Union's nonprofit long-term lending institution established in 1958 under the Treaty of Rome. As a "policy-driven bank" whose shareholders are the member states of the EU, the EIB uses its financing operations to bring about European integration and social cohesion. It should not be confused with the European Central Bank, which is based in Frankfurt (Germany) or with the European Bank for Reconstruction and Development (EBRD) which is based in London (United Kingdom). The EIB is a publicly owned international financial institution and its shareholders are the EU member
Central European Summer Time 2012–2013. Central European Summer Time Central European Summer Time (CEST), sometime referred also as Central European Daylight Time (CEDT), is the standard clock time observed during the period of summer daylight-saving in those European countries which observe Central European Time () during the other part of the year. It corresponds to , which makes it the same as Central Africa Time, South African Standard Time and Kaliningrad Time in Russia. Other names which have been applied to Central European Summer Time are Middle European Summer Time (MEST), Central European Daylight Saving Time (CEDT), and Bravo Time (after the second letter