Dubai, UAE, 4 July 2013 

The European Investment Bank (EIB) has awarded its 'Young Economist' prize to London Business School academic, Elias Papaioannou, for work that has led to a better understanding of the forces at work in Europe and of suitable policy prescriptions.

The Young Economist Prize recognises scholars under the age of 40 on 31 December 2013 who have undertaken influential research and/or made a significant contribution to economic thought and knowledge that is of specific relevance to the prize's topic and demonstrates great promise for the future.

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 as recognition of their research on the topic of the prize: 'Growth, employment and convergence, with applications to the European Union'.

Alongside Dr. Papaionannou, 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 Labor (IZA) for 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 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: institute.eib.org/programmes/knowledge-2/eib-prize/

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About London Business School
London Business School's purpose is to deliver insights and leaders that have impact. The School was ranked number one internationally for the full-time MBA programme*. In research, the School is ranked top ten and holds the highest average research score of any UK academic institution**.

The School's faculty, from over 30 countries, is grouped into seven subject areas - Accounting; Economics; Finance; Management Science and Operations; Marketing; Organisational Behaviour; and Strategy and Entrepreneurship. 

Studying at the School provides access to an unmatched diversity of thought. With a presence in four international cities - London, New York, Hong Kong and Dubai - the School is well positioned to equip students from more than 100 countries with the capabilities needed to operate in today's business environment. Students further benefit from our 34,000 alumni from more than 130 countries who provide a wealth of knowledge, business experience and worldwide networking opportunities.

The School awards over 1,000 degrees every year, across MBA, Executive MBA, Masters in Finance, Sloan Fellow and PhD programmes and has most recently added Masters in Management to its portfolio. The Executive Education team offers a portfolio of over 25 open programmes as well as custom-designed programmes developed to meet the specific needs of individuals and their organisation. Annually, over 7,000 participants attend executive programmes that are led by many of the world's leading business thinkers.

www.london.edu

About the European Investment Bank Institute
The EIB Institute is part of the European Investment Bank Group and promotes European initiatives for the common good. The Institute has been created in 2012 to act as a catalyst for social, cultural, educational and research activities that are directed towards economic and social development in EU Member States, Candidate and Potential Candidate Countries, and European Economic Area Countries for existing social, art and education activities of the European Investment Bank.

* 2012 Bloomberg BusinessWeek international MBA ranking and Financial Times MBA 2009, 2010 and 2011 rankings

** Research Assessment Exercise (RAE) 2008

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Four Communications
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© Press Release 2013