Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Barclays Strengthens Energy Transition Focus with New Co-Heads Appointment

(IN BRIEF) Barclays reinforces its commitment to supporting clients in transitioning to a low-carbon economy by appointing Rafael Abati as Co-Head of the Energy Transition Group (ETG) in EMEA, alongside Marie Freier. With almost two decades of experience from UBS … Read the full press release

BAE Systems Expands Intelligence Capabilities with Topaz Acquisition

(IN BRIEF) BAE Systems has bolstered its Modeling & Simulation Solutions (M&SS) portfolio by integrating Topaz Intelligence, LLC, acquired as part of the Ball Aerospace acquisition earlier this year. This move enhances BAE Systems’ ability to provide intelligence-as-a-service, driving agile … Read the full press release

BAE Systems’ WSF-M Satellite Launches, Enhancing Military Environmental Monitoring

(IN BRIEF) BAE Systems’ Weather System Follow-on – Microwave (WSF-M) satellite has been successfully launched, aiming to bridge critical gaps in current space-based environmental monitoring capabilities and advance military operations. The satellite, launched by the U.S. Space Force’s Space Systems … Read the full press release

East German States Lead Heating Transition, Setting Example for National Green Goals

(IN BRIEF) A survey conducted by E.ON reveals that the eastern German states are at the forefront of the heating transition, with almost three-quarters of homes renovated or partially renovated, largely due to post-reunification subsidies for building modernization. Brandenburg leads … Read the full press release

Matteo Patrone Appointed Vice President, Banking at EBRD

(IN BRIEF) Matteo Patrone has been appointed as Vice President, Banking at the European Bank for Reconstruction and Development (EBRD), effective May 1st, 2024. In his new role, Patrone will oversee the effective delivery of the bank’s investment and advisory … Read the full press release

EBRD Supports Avis Greece’s Green Fleet Transition with €108.3 Million Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €108.3 million loan to Avis Greece to aid in the electrification of its car fleet. This investment is part of Avis Greece’s initiative to replace internal-combustion-engine vehicles … Read the full press release

EIF Commits €40 Million to Boost Sustainable Agriculture in Europe

(IN BRIEF) The European Investment Fund (EIF) is allocating €40 million to support the European Agri Transition Fund, aimed at fostering a fairer, healthier, and more sustainable food system in Europe. Managed by INOKS Capital, the fund targets SMEs and … Read the full press release

EIB and Maspex Group Seal €42 Million Deal for Sustainable Production Upgrades

(IN BRIEF) The European Investment Bank (EIB) has signed a €42 million agreement with Maspex Group, a major food and beverage producer in central and southeastern Europe, to enhance energy efficiency and sustainability across their production plants in Poland and … Read the full press release

DHL Global Forwarding Partners with Prada Group to Reduce Emissions Through Sustainable Aviation Fuel

(IN BRIEF) DHL Global Forwarding announces its collaboration with the Prada Group, marking the fashion giant’s first investment in Sustainable Aviation Fuel (SAF) credits through DHL’s GoGreen Plus service. This strategic partnership allows Prada Group to significantly reduce its transport … Read the full press release

Vodafone Intelligent Solutions’ CSR Program: Transforming Lives Through Education and Technology

(IN BRIEF) Vodafone Intelligent Solutions (VOIS) is making significant strides in its Corporate Social Responsibility (CSR) initiatives, particularly through its Brighter Futures program. Since 2018, VOIS has impacted over 375,000 individuals, focusing on community engagement, education, and digital skills development. … Read the full press release

BASF Initiates Change Negotiations Amid Regulatory Uncertainty at Harjavalta Plant

(IN BRIEF) BASF announces the commencement of change negotiations at its precursor cathode active materials plant in Harjavalta, Finland, due to prolonged permitting processes and regulatory uncertainty. The decision, prompted by the suspension of the environmental permit’s immediate enforcement by … Read the full press release

Adyen and UNICEF Forge Global Partnership to Drive Rapid Fundraising for Children in Need

(IN BRIEF) Adyen, a leading financial technology company, and UNICEF have joined forces in a global partnership aimed at supporting children worldwide through innovative fundraising initiatives. Leveraging Adyen’s advanced financial technology, the partnership seeks to streamline fundraising efforts, enabling businesses … Read the full press release

STMicroelectronics Secures Renewable Energy Contract for Italian Operations

(IN BRIEF) STMicroelectronics, a global semiconductor leader, has inked a ten-year Power Purchase Agreement (PPA) with Centrica Energy for the supply of renewable energy to its Italian operations, starting from January 2025. The agreement, based on approximately 61 GWh of … Read the full press release

ANDRITZ Deepens Partnership with HydrogenPro with Strategic Acquisition

(IN BRIEF) ANDRITZ, an international technology group, has acquired a 13.8% stake in HydrogenPro, a Norwegian company specializing in pressurized alkaline electrolyzers for green hydrogen production. This acquisition builds upon the strategic partnership established between the two companies in the … Read the full press release

KUKA Reports Record Sales in 2023, Foresees Challenges Amidst Economic Downturn

(IN BRIEF) KUKA, a leader in automation and robotics, achieved record-breaking sales revenues exceeding €4 billion in 2023, alongside a substantial increase in EBIT. CEO Peter Mohnen highlighted the company’s resilience and growth amidst fierce market competition and expanding international … Read the full press release

2024 Healthy Buildings Barometer Urges Action for Healthier European Buildings

(IN BRIEF) The 2024 Healthy Buildings Barometer (HBB) launches, revealing alarming statistics about indoor health and comfort in European buildings. With one in four Europeans living in spaces with poor indoor air quality and over 30 million affected by insufficient … Read the full press release

Nokia Announces Release Date for First-Quarter Interim Report and Analyst Webcast

(IN BRIEF) Nokia has disclosed that it will unveil its first-quarter interim report on April 18, 2024, at 8 a.m. Finnish time, with the report promptly available on the company’s website. The summary will emphasize Nokia Group’s financial performance and … Read the full press release

VDL Bus & Coach Inaugurates State-of-the-Art Electric Bus Plant in Roeselare

(IN BRIEF) VDL Bus & Coach recently celebrated the opening of its new electric bus production facility in Roeselare, Belgium, with key figures such as Flemish Prime Minister Jan Jambon and Flemish Minister Lydia Peeters in attendance. The site boasts … Read the full press release

Advancing Healthcare: Bosch and Randox Labs Partner to Revolutionize Molecular Diagnostics

(IN BRIEF) Bosch and Randox Laboratories Ltd. have forged a strategic partnership aimed at transforming molecular diagnostics with a focus on the Vivalytic analysis platform. With an investment of 150 million euros in joint research, development, and distribution, the collaboration … Read the full press release

Driving Sustainability: Vitesco Technologies Teams Up with DHL for Logistics Transformation

(IN BRIEF) Vitesco Technologies announces a strategic partnership with DHL Supply Chain as its Lead Logistics Partner (LLP) in Europe, aiming to enhance sustainability, resilience, and efficiency in its logistics operations. Starting March 2024, DHL will centrally manage logistics flows … Read the full press release

European Auto Industry CEOs Gather for Green Transition Talks with EU Commissioner

(IN BRIEF) Thirteen CEOs from leading European vehicle manufacturers and automotive suppliers convened with EU Commissioner for Climate Action, Wopke Hoekstra, for an ‘Automotive Roundtable’ to discuss the green transition of the sector. The dialogue, following a meeting with President … Read the full press release

BAE Systems Awarded Contract to Maintain L119 Light Guns in Ukraine

(IN BRIEF) The UK Ministry of Defence has granted BAE Systems a contract to maintain and repair gifted L119 Light Guns in Ukraine, enhancing the efficiency of frontline operations. The L119 Light Gun, a favored system among Ukrainian forces for … Read the full press release

Aviva Launches Aviva Clarity to Support Small Scheme De-Risking

(IN BRIEF) Aviva has introduced Aviva Clarity, a streamlined Bulk Purchase Annuity (BPA) service aimed at facilitating market access for smaller pension schemes with assets typically under £100 million. This service underscores Aviva’s commitment to aiding schemes in their de-risking … Read the full press release

Repsol’s Green Evolution: Partnering with Genia Bioenergy to Pioneer Biomethane Industry

(IN BRIEF) Repsol has embarked on a strategic alliance by acquiring a 40% shareholding in Genia Bioenergy, marking its entry into the burgeoning biomethane market. This partnership aims to leverage Genia Bioenergy’s expertise in biogas and biomethane value chain integration, … Read the full press release

EIB and EIF Partner with Erste Bank to Propel SME Lending in Austria through Synthetic Securitisation

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have collaborated with Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) to facilitate SME lending in Austria through a pioneering synthetic securitisation transaction. This landmark transaction, the … Read the full press release

EBRD Posts €2.1 Billion Profit in 2023 Following Record Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has reported a profit of €2.1 billion for 2023, marking a significant turnaround from the €1.1 billion losses incurred in 2022 due to the Russian invasion of Ukraine. The bank’s … Read the full press release

EBRD Invests €22 Million to Propel Farmak’s Expansion into Polish Market

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a €22 million loan to Ukrainian pharmaceutical giant Farmak Group to facilitate its strategic acquisition of a Polish pharmaceutical company and to upgrade its IT systems. Farmak, a … Read the full press release

EIB Group’s €49 Million Guarantee Empowers Erste Bank to Boost SME Lending in Austria

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have joined forces to provide Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) with a €49 million guarantee for a synthetic securitisation transaction, marking Austria’s first such … Read the full press release

EIB and Maib Forge €94 Million Deal to Boost Green Investments and MSMEs in Moldova

(IN BRIEF) At the EU-Moldova Private Sector Investment Conference in Chișinău, the European Investment Bank (EIB Global) sealed two agreements with Moldova’s leading bank, maib. The first involves a €50 million loan aimed at enhancing access to finance and promoting … Read the full press release

GIID.org Presenta Investigación Innovadora: “Distritos de Innovación y la Centralidad del Terreno”

(IN BRIEF) El Instituto Global sobre Distritos de Innovación (GIID.org) lanzó hoy su última investigación titulada “Distritos de Innovación y la Centralidad del Terreno”, destacando el papel fundamental del uso del suelo en la transformación de estos distritos para abordar … Read the full press release

Philips Reaches Final Agreement on Consent Decree for Respironics Business with DOJ and FDA

(IN BRIEF) Royal Philips announces the final agreement on a consent decree for its subsidiary, Philips Respironics, with the US Department of Justice (DOJ) and the US Food and Drug Administration (FDA). The decree primarily focuses on Respironics’ US operations, … Read the full press release

Saab Accelerates Digitalization Journey with New Chief Digital Officer

(IN BRIEF) Saab announces the addition of a new group function focused on digital development to expedite its digitalization journey. Mikael Adelsberg, with extensive experience from Scania and Traton Group, is appointed as the Head of Group Digitalisation and will … Read the full press release

Thales Collaborates with Google Cloud and Intel to Enhance Enterprise Data Security in the Cloud

(IN BRIEF) Thales, a leading technology and security provider, announces a collaboration with Google Cloud and Intel to bolster enterprise data security in the cloud through the CipherTrust Data Security Platform (CDSP). Leveraging Confidential Computing (CC) from Google Cloud and … Read the full press release

PUMA Launches “FOREVER. FASTER.” Campaign: Inviting All to Embrace Speed and Sporting Excellence

(IN BRIEF) PUMA unveils its first worldwide brand campaign in a decade, titled “FOREVER. FASTER. – See The Game Like We Do,” aiming to solidify its position as the fastest sports brand globally. Rooted in PUMA’s DNA, the campaign celebrates … Read the full press release

Vitesco Technologies Partners with DHL Supply Chain for Sustainable Logistics Solutions

(IN BRIEF) Vitesco Technologies announces a strategic partnership with DHL Supply Chain as a Lead Logistics Partner (LLP), aiming to enhance sustainability, resilience, and efficiency in logistics. Under this partnership, DHL will centrally manage logistics flows for Vitesco Technologies’ twelve … Read the full press release

Software AG Introduces ARIS AI Companion: Empowering Every Employee in Process Optimization

(IN BRIEF) Software AG unveils the ARIS AI Companion, a groundbreaking tool designed to democratize process analysis and optimization within organizations. With AI-enabled process mining capabilities, employees across all levels can now delve into their organization’s processes, identify inefficiencies, and … Read the full press release

Software AG Unveils Alfabet 11: Empowering Business Users in Digital Transformation

(IN BRIEF) Software AG announces the release of Alfabet 11, a pivotal advancement in enterprise architecture and strategic portfolio management. Designed to engage previously disconnected business users in the digital transformation journey, Alfabet 11 enhances accessibility to IT landscape analysis … Read the full press release

Yara International ASA Set to Unveil First Quarter 2024 Results: Presentation and Conference Call Details Released

(IN BRIEF) Yara International ASA is scheduled to release its first quarter 2024 results on Friday, April 26, 2024, at 08:00 CEST, followed by a presentation in English at 12:00 CEST. Interested parties can access the report, presentation, and webcast … Read the full press release

EBRD Backs Ukrgasbank with €12.5 Million Facility to Boost Ukrainian Private Sector Amidst War

(IN BRIEF) Amidst ongoing conflict in Ukraine, the European Bank for Reconstruction and Development (EBRD) is providing a €12.5 million unfunded portfolio risk-sharing facility to Ukrgasbank, aimed at unlocking €50 million of fresh financing for the country’s private sector. Signed … Read the full press release

EBRD Extends €50 Million Facility to Oschadbank, Boosting Ukraine’s Private Sector Amidst War

(IN BRIEF) In a bid to bolster Ukraine’s private sector amidst the ongoing conflict, the European Bank for Reconstruction and Development (EBRD) is extending a €50 million unfunded portfolio risk-sharing facility to Oschadbank. This initiative aims to unlock €200 million … Read the full press release