(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has invested $40 million in Georgia Global Utilities’ (GGU) second green Eurobond issuance, which totals $300 million. This funding aims to improve Tbilisi’s water infrastructure. The issuance is also backed … Read the full press release
(IN BRIEF) NatWest Group has announced the acquisition of a £2.5 billion portfolio of prime residential mortgages from Metro Bank, which will add around 10,000 new customer accounts to NatWest. These accounts will continue to be serviced by Metro Bank … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, United Kingdom
Tagged acquisition, Metro Bank, NatWest Group, partnership, Paul Thwaite, sustainability
(IN BRIEF) Barco’s permit for a 4.5MW wind turbine at its Kortrijk site was annulled by the Council for Permit Disputes, which cited a need for more thorough examination and justification by the Flemish Government. Despite the setback, Barco is … Read the full press release
Posted in Belgium, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Law, Management, News, Technology
Tagged Barco, Belgium, Kurt Verheggen, Minister Demir, Permit, wind turbine
(IN BRIEF) The Golubinja tunnel, the longest road tunnel in Bosnia and Herzegovina at 3.6 kilometers, has reached a significant milestone with the breakthrough of its left stretch. Part of the Poprikuše – Nemila motorway on the Pan-European Corridor Vc, … Read the full press release
Posted in Banks, Bosnia and Herzegovina, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Adebayo Babajide, Andrijana Katić, Asim Cengiz, Bosnia and Herzegovina, construction, Denis Lasić, EIB, Golubinja tunnel, Longest Road Tunnel, partnership, Prime Minister Nermin Nikšić, Sandrine Friscia, sustainability
(IN BRIEF) Gasum, a leading Nordic energy company, has ceased all LNG purchases from Russia following the EU’s 14th sanctions package, which prohibits the import of Russian LNG through EU terminals not connected to the EU gas network. Effective from … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Finland, Government, Industrial, Investment, Law, Management, News, Politics, Russia
Tagged EU Sanctions, Gasum, LNG Purchases, partnership, RUSSIA, sustainability
(IN BRIEF) Symrise has launched a Digital Immersion Co-Creation Center in Singapore, starting operations in Q3 2024. This high-tech facility integrates digital technology with market, consumer, and sensory insights to drive innovation in food and beverage development. The center features … Read the full press release
(IN BRIEF) ZF Friedrichshafen AG is realigning its structures to enhance competitiveness, focusing on Commercial Vehicle Technology, Chassis Solutions, Industrial Technology, and Aftermarket divisions. The restructuring will consolidate German locations, resulting in a gradual reduction of 11,000 to 14,000 jobs … Read the full press release
(IN BRIEF) Juwi GmbH has sold a 267 MW photovoltaic portfolio in Greece to Foresight and Mirova, marking the largest project in its history. Juwi will serve as the EPC and O&M contractor, with construction starting in August 2024. This … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Germany, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged acquisition, Diomidis Dorkofikis, foresight, Greece, Helene Dimitracopoulos, Juwi GmbH, Mirova, partnership, PV Portfolio, Stephan Hansen, sustainability, Takis Sarris
(IN BRIEF) INEOS Inovyn, Europe’s leading PVC producer, is partnering with Daimler to trial the Mercedes-Benz GenH2 hydrogen trucks, aiming to enhance heavy-duty transport’s sustainability. Over the next 12 months, INEOS will make around 250 deliveries using these trucks in … Read the full press release
Posted in Belgium, Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, Netherlands, News, Technology, Transportation & Logistics, United Kingdom
Tagged Belgium, Daimler Trucks, Germany, INEOS, INEOS Inovyn, Mercedes-Benz GenH2 hydrogen trucks, partnership, sustainability, the Netherlands, Wouter Bleukx, Zero-Emission Transport
(IN BRIEF) BBVA has been named the World’s Best Corporate Bank 2024 by Global Finance magazine, marking the fourth time and second consecutive year it has received this honor. The award recognizes BBVA’s strong performance, reputation, and management excellence. BBVA … Read the full press release
Posted in Awards, Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Spain, Technology
Tagged Awards, BBVA, Financial, Global Finance magazine, INNOVATION, investment, Joseph D. Giarraputo, Outstanding Performance, sustainability, World's Best Corporate Bank 2024
(IN BRIEF) Rheinmetall has been awarded a mid double-digit million euro contract by the Swiss Confederation to produce and supply 81mm mortar cargo ammunition, including MX2-KM mortars and cartridges for illumination and smoke discharge. Manufacturing will be handled by Rheinmetall … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Switzerland, Technology
Tagged Mortar Ammunition, MX2-KM mortar system, partnership, Rheinmetall, Rheinmetall EXPAL Munitions SA, Rheinmetall Waffe Munition GmbH, Swiss Armed Forces, Switzerland
(IN BRIEF) At the Farnborough Airshow, MTU Aero Engines secured approximately $800 million in orders, highlighting the strong demand for Pratt & Whitney’s GTF engines for the A320neo and GE9X engines for the Boeing 777X. Major orders included Avolon’s purchase … Read the full press release
Posted in Aviation & Aerospace, Business, Entertainment, Environment, Financial, Germany, Government, Industrial, Investment, Management, Media, News, Technology, United Kingdom
Tagged Airbus, Boeing 777-9 aircraft, EVA Air, Farnborough Airshow, IAG, Japan Airlines, MTU Aero Engines, partnership, Qatar Airways, sustainability
(IN BRIEF) METRO has decided to shut down METRO Advertising GmbH as part of its strategic focus on its sCore wholesale strategy. This decision affects 67 employees in Germany and Poland, with business activities ceasing by the end of 2024. … Read the full press release
Posted in Business, Economy, Financial, Food & Beverage, Germany, Government, Industrial, Investment, Management, Marketing, News, Poland, Technology
Tagged Germany, Guillaume Deruyter, METRO Advertising GmbH, METRO AG, Poland, Wholesale Strategy
(IN BRIEF) Bosch and Ducati have co-developed a new electronic Combined Brake System (eCBS) designed for racetrack performance, which will debut on the new Ducati Panigale V4 at World Ducati Week 2024. The advanced eCBS technology, which integrates data from … Read the full press release
Posted in Business, Electronics & Machinery, Environment, Financial, Germany, Government, Industrial, Investment, Italy, Management, News, Technology, Transportation & Logistics
Tagged Alessandro Valia, Bosch, Ducati, Ducati Panigale V4, electronic Combined Brake System (eCBS), Fevzi Yildirim, partnership, performance, Racetrack Excellence, safety, sustainability, World Ducati Week 2024
(IN BRIEF) BASF SE reported its Q2 2024 results, showing steady EBITDA despite challenging market conditions. The company’s sales reached €16.1 billion, down from €17.3 billion last year due to lower prices and currency effects. EBITDA before special items remained … Read the full press release
Posted in Business, Chemicals, Economy, Financial, Germany, Industrial, Investment, Management, News
Tagged BASF, Financial, investment
(IN BRIEF) Eni reported strong growth and strategic progress in Q2 2024, achieving an adjusted net profit of €1.5 billion. Key achievements include a 6% year-on-year increase in oil and gas production, significant portfolio upgrades, and advancements in transition businesses … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Industrial, Investment, Italy, Management, News
Tagged Claudio Descalzi, Eni, Financial, Giuseppe Zafarana, investment
(IN BRIEF) PETRONAS, Enilive, and Euglena have made a final investment decision to develop a biorefinery at PETRONAS’ Pengerang Integrated Complex in Johor, Malaysia. Set to be operational by the second half of 2028, the biorefinery will produce Sustainable Aviation … Read the full press release
Posted in Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Management, News, Technology
Tagged Ahmad Adly Alias, biofuel production, biorefinery, Eni, Enilive, Euglena, investment, Japan, Malaysia, Mitsuru Izumo, partnership, PETRONAS, Renewable Diesel/Hydrogenated Vegetable Oil (HVO), Stefano Ballista, sustainability, sustainable aviation fuel (SAF)
(IN BRIEF) The European Investment Bank (EIB) has provided a €430 million loan to Adif Alta Velocidad (Adif AV) for the construction of the “Y vasca” high-speed rail line connecting Vitoria/Gasteiz, Bilbao, and Donostia/San Sebastián in Spain’s Basque Country. This … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Technology
Tagged Adif Alta Velocidad (Adif AV), Basque, EIB, High-Speed Rail Project, partnership, Ricardo Mourinho Félix, Spain, sustainability, Trans-European Transport Network (TEN-T), Y vasca
(IN BRIEF) BEW Berliner Energie und Wärme AG has renewed its partnership with Landis+Gyr for another four years, extending their 20-year collaboration. Landis+Gyr will supply ultrasonic heat meters, specifically the T550 (UH50) model, chosen through a Europe-wide tender. The T550 … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Switzerland, Technology
Tagged BEW Berliner Energie, Germany, Heat Meter Supply, Johannes M. Koch, Landis+Gyr, partnership, sustainability, Switzerland, Theresa Matthes, Wärme AG
(IN BRIEF) Unilever has sold its stake in Qinyuan Group, known for water purification solutions in China, to Yong Chao Venture Capital Co., Ltd. This move is part of Unilever’s Growth Action Plan to focus on higher-growth areas. Eduardo Campanella, … Read the full press release
Posted in Business, Commodities, Environment, Financial, Food & Beverage, Government, Industrial, Investment, Management, News, Retail, United Kingdom
Tagged acquisition, CHINA, Eduardo Campanella, Mr. Ye Jianrong, partnership, Qinyuan Group, sustainability, Unilever, Yong Chao Venture Capital Co. Ltd.
(IN BRIEF) TotalEnergies and Casino Group have renewed their 20-year strategic partnership to supply over 1,000 service stations in France, effective October 1, 2024, for five years. The agreement involves Casino providing food products and essential items to TotalEnergies stations, … Read the full press release
(IN BRIEF) Art collective De Strakke Hand has finished a unique mural on Eneco’s new heat buffer in Rijnsweerd, Utrecht. Inspired by a 19th-century watercolour by J.W. Wisselingh, the design was selected with input from local residents to help the … Read the full press release
(IN BRIEF) Kübler Schwertransporte is transporting a decommissioned 350-tonne submarine, U17, to the Sinsheim Museum of Technology. The journey involves moving the submarine along waterways and roads using a 30-axle platform trailer pulled by a MAN TGX 41.680 8×6 truck. … Read the full press release
(IN BRIEF) International technology group ANDRITZ reported a stable performance in the first half of 2024 despite challenging economic conditions. Revenue decreased slightly by 3.0% to €3,986.6 million, while order intake dropped by 18.4% to €3,845.4 million due to fewer … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Investment, Management, News, Technology
Tagged Andritz, economic, Financial, investment, Joachim Schönbeck
(IN BRIEF) The European Investment Bank (EIB) and Greece’s four systemic banks—Alpha Bank, National Bank of Greece, Eurobank, and Piraeus—have introduced a €700 million guarantee programme to support mid-cap businesses. This initiative aims to facilitate €1.4 billion in new financing … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Greece, Industrial, Investment, Luxembourg, News, Small Business
Tagged Alpha Bank, EIB, Eurobank, Greece, Mid-Caps, National Bank of Greece, Panagiotis Lymperopoulos, partnership, Piraeus, SMEs, sustainability, Theodore Tzouros, Vassilis Karamouzis, Yannis Emiris, Yannis Tsakiris
(IN BRIEF) The European Investment Bank (EIB) released its 2023 Sustainability Report, highlighting major achievements in climate action. EIB-financed projects are expected to cut greenhouse gas emissions by 5.2 million tonnes, equivalent to the carbon footprint of 520,000 European households. … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, News
Tagged 2023 Sustainability Report, Ambroise Fayolle, Climate Achievements, EIB Group
(IN BRIEF) The European Investment Bank (EIB) has signed a €450 million finance contract with Prysmian to enhance electricity transmission and distribution in Europe, focusing on renewable energy and offshore wind. The funds will be used to manufacture extra-high-voltage submarine … Read the full press release
(IN BRIEF) TAKKT has strengthened its resilience in the first half of 2024 by increasing its gross profit margin to 40.5% and streamlining cost structures, resulting in a slight increase in free cash flow to €25.6 million. Despite a 17.7% … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Retail
Tagged Andreas Weishaar, economy, Financial, investment, Maria Zesch, resilience, retail, TAKKT
(IN BRIEF) In Q2 2024, Vossloh Group demonstrated strong performance with an 11.7% increase in orders received, totaling €769.6 million, and maintained stable EBIT at €49.5 million, slightly above last year’s €49.3 million. Despite a 6.6% decline in sales revenues … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, News, Technology
Tagged Financial, investment, Oliver Schuster, Vossloh Group
(IN BRIEF) TeamViewer has been recognized as the Best-in-Class solution for Open Digital Platforms for Connected Workers (AR) by PAC Innovation Radar 2024. The accolade highlights TeamViewer’s prowess in implementing AR solutions, particularly in manual order picking with smart glasses, … Read the full press release
Posted in Awards, Germany, Industrial, Management, News, Technology
Tagged AR Connected Worker Platforms, Arnold Vogt, Awards, leadership, Market leader, Mei Dent, PAC Innovation Radar 2024, TeamViewer
(IN BRIEF) The European Investment Bank (EIB) has provided a €390 million loan to Greek energy supplier DEPA Commercial SA to build and operate solar-energy farms in Greece. This loan supports DEPA’s €500 million renewable energy investment plans, with new … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged DEPA Commercial, EIB, Greece, Ioannis Papadopoulos, Ioannis Tsakiris, Konstantinos Xifaras, Kostis Hatzidakis, Large-Scale Solar Projects, partnership, sustainability, Theodoros Skylakakis
(IN BRIEF) Paris 2024 has revealed a special edition medallist mascot that will be presented to all Olympic and Paralympic Games medallists. This tradition will continue with the distribution of the mascot and the Games’ Iconic Poster. The mascots, designed … Read the full press release
Posted in Business, Entertainment, Financial, France, Government, Industrial, Investment, Management, Marketing, Media, News, Sports
Tagged Doudou & Compagnie, Games Medallists, marketing, Mascot, Paris 2024, partnership, Poster, sports
(IN BRIEF) MCNEX, a Korean automotive technology company specializing in cameras, sensors, and software for vehicles, has been awarded the Cybersecurity Management System Certification by DNV. This certification, based on the ISO/SAE 21434 standard, ensures that MCNEX’s technology meets international … Read the full press release
Posted in Automotive, Awards, Business, Energy, Gas & Oil, Financial, Government, Industrial, Investment, Management, News, Norway, Security & Safety, Technology
Tagged Awards, DNV, ISO/SAE 21434 Certification, KOREA, MCNEX, Min Dong-wook, Percy Lakdawalla, SECURITY, Vehicle Cybersecurity
(IN BRIEF) DNV has supported the European Commission in updating guidance documents on geological carbon storage (CCS) under the CCS Directive to streamline permitting procedures and enhance sustainable CO2 storage in the European Economic Area (EEA). The updates integrate the … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Netherlands, News, Norway
Tagged carbon capture, DNV, European Commission, Jamie Burrows, Netherland, Norway, partnership, Prajeev Rasiah, Storage Guidance Documents, sustainability
(IN BRIEF) Rheinmetall’s new contract for the construction and operation of an ammunition factory in Ukraine signifies a major development in the country’s defense and industrial capabilities. With a substantial investment and a strong partnership with local entities, Rheinmetall is … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Technology, Ukraine
Tagged Ammunition Factory, Armin Papperger, partnership, Rheinmetall, UKRAINE
(IN BRIEF) Continental is set to significantly expand its spare and wearable parts business at Automechanika Frankfurt 2024, focusing on sustainability and advanced driver assistance systems. The company will introduce multi V-belts made from renewable materials and a high-performance tire … Read the full press release
Posted in Automotive, Business, Environment, Financial, Germany, Industrial, Investment, Management, Media, News, Technology
Tagged Automechanika Frankfurt 2024, Continental, Enno Straten, partnership, Product Range, sustainability
(IN BRIEF) British Gas is set to hire and train 300 new apprentices to enhance its customer-facing teams and support the UK’s net zero ambitions. The initiative focuses on engineering and customer service roles, with a commitment to diversity and … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Andy Prendergast, apprenticeship, British Gas, Centrica, Chris O’Shea, Diversity And Inclusion, Donna Rowe-Merriman, Isaura Johnson, Minister Fahnbulleh, net zero goals, partnership, sustainability, training
(IN BRIEF) Saab has secured a SEK 6.6 billion order from a Western government for advanced defense systems and equipment, with deliveries planned between 2027 and 2028. The order includes technologies from Saab’s Dynamics and Surveillance business areas, although further … Read the full press release
Posted in Business, Defence, Financial, Government, Industrial, Investment, Management, News, Security & Safety, Sweden, Technology
Tagged Defense Systems, partnership, Saab, Western Government
(IN BRIEF) Infineon Technologies has launched the PSoC™ 6 AI Evaluation Kit, designed for embedded, Edge AI, and ML system applications. The kit enhances real-time performance and power efficiency for intelligent consumer, smart home, and IoT solutions. It integrates Infineon’s … Read the full press release
(IN BRIEF) On July 24, 2024, Digi Communications N.V., a leading European telecommunication services provider, announced that Fitch Ratings has assigned the company a Long-Term Issuer Default Rating (IDR) of ‘BB’ with a stable outlook. This rating reflects the company’s … Read the full press release
Posted in Belgium, Business, Financial, Investment, Italy, Management, Netherlands, News, Portugal, Romania, Spain, Technology, Telecom
Tagged 3.500 MHz frequency band, Autoriteit Financiële Markten, Bucharest Stock Exchange, DIGI COMMUNICATIONS N.V., Digi Communications N.V. 'BB' Rating, Digi Spain, Digi Spain Telecom S.L.U., fixed broadband bitstream, MNO, mobile spectrum, national roaming agreement, RAN sharing agreement, roaming, S Mobile Networks, S.L.U., Serghei Bulgac, telecommunication services, Telefonica, Telefonica Moviles España, Valentin Popoviciu
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PHARMA & BIOTECH: The largest repository of EU/European pharma & biotech press releases spanning 12 years (2012-2024)
