(IN BRIEF) The European Investment Bank (EIB) has committed a €40 million loan to Eldrive Holding GmbH, based in Austria, to establish 8,472 electric vehicle (EV) charging stations across Bulgaria, Lithuania, and Romania over the next three years. This project … Read the full press release
Posted in Austria, Automotive, Banks, Bulgaria, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, Management, News, Romania, Technology
Tagged Austria, Bulgaria, clean mobility, Eastern Europe, EIB, Eldrive Holding GmbH, EV charging stations, installation, Kyriacos Kakouris, Lithuania, partnership, Romania, Stefan Spassov, sustainability
(IN BRIEF) Ericsson has inked two funding agreements with the European Investment Bank (EIB) totaling €420 million, with an initial disbursement of €250 million in December 2023. These loans will bolster Ericsson’s financial position and support its research, development, and … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Sweden, Technology, Telecom
Tagged 5G technology, Carl Mellander, EIB, energy efficiency, Ericsson, funding, partnership, sustainability, Thomas Östros
(IN BRIEF) Boels Rental has entered into a €100 million lending agreement with the European Investment Bank (EIB) to advance its decarbonization efforts in the rental machinery and equipment sector. This partnership is expected to serve as a model for … Read the full press release
Posted in Banks, Business, Construction, Electronics & Machinery, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Netherlands, News
Tagged Boels Rental, decarbonization, EIB, Electrify Rental Machinery, financing, Kris Peeters, Netherlands, partnership, Pierre Boels, sustainability
(IN BRIEF) The U.S. Food and Drug Administration (FDA) has granted approval for Dupixent® (dupilumab) to treat pediatric patients aged 1 to 11 years, weighing at least 15 kg, who suffer from eosinophilic esophagitis (EoE). Dupixent is now the first … Read the full press release
Posted in Business, Education, Financial, France, Government, Healthcare, Industrial, Investment, Management, News, Pharma & Biotech, Science, Technology
Tagged dupilumab, Dupixent, Eosinophilic Esophagitis (EoE) Treatment, FDA approval, George D. Yancopoulos, Naimish Patel, pediatric, Regeneron, Sanofi
(IN BRIEF) Fortum’s efficiency program, launched in November 2023, has prompted discussions regarding potential job reductions within the Fortum Consumer Solutions business unit and the IT unit. Approximately 1,080 employees across Finland, Sweden, Norway, and the IT unit in Poland … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Finland, Industrial, Infrastructure & Utilities, Management, News
Tagged change negotiations, Fortum, job reductions
(IN BRIEF) On January 25, 2024, Outokumpu concluded its share repurchases, acquiring its own shares across various trading venues. The total cost amounted to EUR 140,695.46 for a total of 34,800 shares, with weighted average prices per share rounded to … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, investment, Outokumpu, share repurchase program
(IN BRIEF) Guangdong Hengan Paper Co., Ltd. has successfully initiated operations of two cutting-edge ANDRITZ PrimeLine tissue machines at its Yunfu mill in Guangdong, China. With these additions, Hengan now operates a total of 15 ANDRITZ tissue machines. The PrimeLineCOMPACT … Read the full press release
Posted in Austria, Business, Electronics & Machinery, Environment, Government, Industrial, Investment, Management, News, Technology
Tagged Andritz, Guangdong Hengan Paper Co., High-Speed Tissue Machines, Mr. Wang Xiangyang, Mr. Xie Zhengba, partnership, PrimeLineCOMPACT M 1600 machines, sustainability
(IN BRIEF) Ørsted has announced its decision to reposition the Skipjack Wind project, a combined 966 MW offshore wind project off the coast of the Delmarva peninsula in the US, to explore future offtake opportunities. In consultation with the State … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Government, Industrial, Infrastructure & Utilities, Management, News
Tagged David Hardy, Skipjack Wind Project, Ørsted
(IN BRIEF) Leadec, a global service specialist for factory lifecycle management, is enhancing its Green Factory Solutions with the introduction of a new Sustainability, Environmental, and Waste Services Green Hub in Coventry, UK. This expansion aims to bolster the company’s … Read the full press release
(IN BRIEF) bp and Equinor have entered into an agreement to restructure the ownership of their joint US offshore wind projects, resulting in bp acquiring Equinor’s 50% stake in the Beacon Wind 1 and 2 projects, while Equinor takes ownership … Read the full press release
(IN BRIEF) The Nomination Committee of AB Electrolux has put forth a proposal for the election of Geert Follens, Daniel Nodhäll, and Michael Rauterkus as new members of the Board of Directors at the company’s Annual General Meeting on March … Read the full press release
Posted in Business, Electronics & Machinery, Industrial, Management, News, Sweden, Technology
Tagged AB Electrolux, appointment, Board Members, Daniel Nodhäll, David Porter, Fredrik Persson, Geert Follens, Henrik Henriksson, Jonas Samuelson, Karin Overbeck, leadership, Michael Rauterkus, Petra Hedengran, Staffan Bohman, Torbjörn Lööf, Ulla Litzén
(IN BRIEF) AFRY is expanding its strategic partnership with Hägglunds, a prominent Swedish defense and security company known for military vehicle and systems development. AFRY has secured a new contract valued at around SEK 300 million to provide advanced engineering … Read the full press release
Posted in Business, Defence, Industrial, Security & Safety, Sweden, Technology, Transportation & Logistics
Tagged AFRY, CV90, Defence, Gothenburg, Hägglunds, Lars Pettersson, Martin Öman, military vehicles, SECURITY, Trollhättan
(IN BRIEF) Germany’s Federal Office for Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw) has signed a €1.2 billion development contract with the Short- and Very Short-Range Air Defence System Consortium (ARGE NNbS) for the “Air Defence System, Short- and … Read the full press release
Posted in Business, Defence, Financial, Germany, Government, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged ARGE NNbS, BAAINBw, Diehl Defence GmbH & Co. KG, Germany, Hensoldt Sensors GmbH, partnership, Rheinmetall, Short- and Very Short-Range Air Defence System Development
(IN BRIEF) thyssenkrupp Materials Services has opened a new $37 million service center in San Luis Potosí, Mexico, with a focus on sustainability and electromobility. The facility will create approximately 65 jobs and aims to support the growing automotive supply … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has given its approval for a second loan tranche of PLN 1 billion to ENEA to support the modernization and renovation of the electricity distribution network in western Poland. This follows the first … Read the full press release
(IN BRIEF) Hellas Sat and Thales Alenia Space have entered into a partnership to develop an optical communication payload for the upcoming Hellas Sat 5 telecommunications satellite. The aim is to offer cutting-edge communication services with high data rates from … Read the full press release
Posted in Aviation & Aerospace, Business, France, Greece, Industrial, Technology, Telecom
Tagged CNES, ESA, France Relance, Hellas Sat, Hellas Sat 5 telecommunications satellite, LEO HydRON telecommunication satellite, Leonardo, optical communication payload, Thales, Thales Alenia Space, Vertigo H2020 programme
(IN BRIEF) In 2023, the European Bank for Reconstruction and Development (EBRD) marked a historic investment of €846 million in Serbia, a significant increase from the previous year and surpassing the previous record of €679 million in 2020. The EBRD’s … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Management, News, Serbia, United Kingdom
Tagged EBRD, economic growth, green transition, investment, Matteo Colangeli, partnership, SERBIA, sustainability
(IN BRIEF) In 2023, the European Bank for Reconstruction and Development (EBRD) marked a significant increase in investments in Ukraine, deploying a record €2.1 billion, following €1.7 billion in 2022. The EBRD’s investment efforts were directed toward supporting Ukraine’s recovery … Read the full press release
Posted in Banks, Business, Construction, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Ukraine
Tagged EBRD, investment, Odile Renaud-Basso, partnership, reconstruction, recovery, sustainability, UKRAINE
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) reported a record investment of €2.48 billion in Turkey for 2023, marking a significant increase from previous years. The EBRD’s commitment to supporting Turkey’s private sector and green transition remained … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a €150 million loan for Moldova to support the rehabilitation of crucial roads, particularly around the capital, Chisinau. The loan will fund the expansion and enhancement of the … Read the full press release
Posted in Banks, Business, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Moldova, News, United Kingdom
Tagged Chişinău, EBRD, MOLDOVA, partnership, Road Rehabilitation Projects
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