Daily Archives: 16, March 2024

CEO Markus Lesser to Resign from PNE AG, Board Seeks Successor

(IN BRIEF) Markus Lesser, CEO of PNE AG, has announced his intention to resign from his position by the end of July 2024 due to personal reasons. The Supervisory Board plans to engage in discussions with Lesser regarding the early … Read the full press release

Sempra Infrastructure Partners with Vestas for Expansion of Cimarron Wind Farm in Mexico

(IN BRIEF) Sempra Infrastructure, a subsidiary of Sempra, has awarded Vestas a 319 MW order for the expansion of the Cimarron wind farm in Tecate, Mexico. As part of the Energia Sierra Juarez Wind Complex, this phase will add 64 … Read the full press release

Eurojust-Coordinated Operation Leads to Arrest of 22 Members of Human Trafficking Ring in Italy and Bulgaria

(IN BRIEF) Italian and Bulgarian authorities, with the support of Eurojust, have apprehended 22 individuals associated with an organized crime group (OCG) involved in human trafficking. The OCG exploited numerous female victims, coercing them into prostitution through deceptive promises of … Read the full press release

EBRD Supports Araltuz’s Expansion with KZT 5.5 Billion Loan for Production Facility Upgrades

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is aiding the growth of Araltuz, a prominent salt producer in Kazakhstan, by providing a convertible loan of up to KZT 5.5 billion. This funding will facilitate the modernization of … Read the full press release

EBRD First Vice President Reaffirms Support for Ukraine’s Economy Amidst War Challenges

(IN BRIEF) During his second visit to wartime Ukraine, the First Vice President of the European Bank for Reconstruction and Development (EBRD), Jürgen Rigterink, emphasized the EBRD’s ongoing commitment to supporting Ukraine’s real economy and reform agenda. With more than … Read the full press release

EBRD Partners with NLB Komercijalna Banka to Boost Financing for Serbian SMEs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a collaboration with NLB Komercijalna Banka (NLBKBB) in Serbia, providing a €15 million loan to support local small and medium-sized enterprises (SMEs). NLBKBB will utilize the loan to … Read the full press release

OCEAN Alliance Launches ‘DAY 8 Product’ to Enhance Shipping Services Amidst Red Sea Disruptions

(IN BRIEF) The CMA CGM Group, along with partners COSCO Shipping, Evergreen, and OOCL, introduces the OCEAN Alliance “DAY 8 Product” as part of their renewed partnership extending until 2032. This initiative aims to address disruptions in the Red Sea … Read the full press release

Lockheed Martin Extends Collaboration with Navantia to Enhance Naval Defense Capabilities

(IN BRIEF) Lockheed Martin has prolonged its collaboration agreement with Navantia, extending their partnership for three more years. The agreement aims to further explore commercial opportunities in surface ships and submarines, building upon their successful 27-year history. Notable achievements include … Read the full press release

Borealis CEO Thomas Gangl’s Mandate Terminated by Mutual Agreement

(IN BRIEF) The Supervisory Board of Borealis and Thomas Gangl have reached a mutual decision to terminate Gangl’s mandate as CEO of Borealis AG, effective June 30, 2024. Gangl, with a career spanning over two decades at OMV, held key … Read the full press release

CAF Secures Contract with Qbuzz to Supply Commuter Trains in the Netherlands

(IN BRIEF) CAF has clinched a significant deal with Qbuzz, a public transport operator in the Netherlands, to provide 10 commuter trains equipped with the latest technology and amenities. These trains, part of the Civity platform, will boast the ETCS … Read the full press release

Swissport Launches Operations at Palma de Mallorca Airport, Pledges to Drive Sustainability

(IN BRIEF) Swissport has commenced operations at Palma de Mallorca (PMI), Spain’s third-largest airport and a significant European tourist destination. With a workforce of 300, including 64.9 percent electrically powered vehicles, Swissport aims to contribute to sustainable air traffic in … Read the full press release

ABP Southampton Raises £3000 for ANDYSMANCLUB at Charity Quiz Night

(IN BRIEF) ABP Southampton recently organized its first charity quiz night at the Port of Southampton’s Ocean Cruise terminal, raising an impressive £3000 in support of ANDYSMANCLUB (AMC), their charity of the year. Over 180 participants in 22 teams, inclujding … Read the full press release

NIB Supports Nefab Group’s Expansion with EUR 50 Million Loan Agreement

(IN BRIEF) The Nordic Investment Bank (NIB) has signed a EUR 50 million loan agreement with Nefab Group AB, a Swedish industrial packaging company, to facilitate its acquisitions of US PolyFlex Products Inc. and Swiss Cargopack group AG, as well … Read the full press release

Snam Maintains Leadership in Climate Change Supplier Engagement Rating

(IN BRIEF) Snam has once again secured the top position in the Suppliers Engagement Rating (SER) by CDP for 2023, receiving an “A” rating for its efforts in engaging suppliers to address climate change. This recognition, coupled with its inclusion … Read the full press release

EIB Loans €22 Million to Malta for Affordable Housing Construction

(IN BRIEF) The European Investment Bank (EIB) has granted a €22 million loan to Malita Investments plc, in collaboration with the Government of Malta, to address housing shortages in the country. This funding, along with a previous agreement, will support … Read the full press release

Volkswagen Financial Services Concludes 2023 with Strong Results and Focus on Sustainability

(IN BRIEF) Volkswagen Financial Services has announced a successful conclusion to the 2023 financial year, marked by an operating profit of EUR 3.25 billion. Despite challenges such as negative valuation effects and a challenging interest rate environment, the company achieved … Read the full press release

Experts Explore Sustainable Solutions in Sports Apparel Industry on Experts in Sport Podcast

(IN BRIEF) In this episode of the Experts in Sport podcast, host Martin Foster engages with guest Joanna Czutkowna to delve into the sustainability challenges facing the sports apparel industry. They dissect larger issues within the fashion industry, including the … Read the full press release

Dutch Government Funds Interdisciplinary Projects for Mission-Driven Innovation Acceleration

(IN BRIEF) The Dutch government has allocated funding to three interdisciplinary projects under the KIC Mission call ‘Realisation, acceleration and upscaling of mission-driven innovation’. These projects, part of the KIA Societal Earning Capacity, aim to address major societal challenges such … Read the full press release

Norwegian Government and Industry Stakeholders Forge Agreement on CO2 Compensation Scheme for Decarbonization

(IN BRIEF) The Norwegian government, along with industry associations and trade unions, has finalized an agreement on the future of the Norwegian CO2 compensation scheme, slated to be effective from 2024 to 2030. This agreement, encompassing a maximum annual CO2 … Read the full press release

European Union Celebrates Second Anniversary of Ukraine-Moldova Electricity Grid Synchronisation Amidst Ongoing Support

(IN BRIEF) Today marks the second anniversary of the synchronisation of Ukraine’s and Moldova’s electricity grids with the Continental European Network, a critical achievement in light of concerns over energy security following Russia’s invasion of Ukraine in 2022. Completed in … Read the full press release

University of Exeter Launches £2.2m Project ‘The Future is Green’ to Foster Green Economy Skills in Cornwall

(IN BRIEF) The University of Exeter, Cornwall, in collaboration with The Cornwall College Group and other partners, introduces “The Future is Green,” a £2.2 million initiative aimed at cultivating skills necessary for the burgeoning green economy. Focused on sectors pivotal … Read the full press release

University of Exeter Academics Honored with NIHR Senior Investigator Status for Outstanding Research Contributions

(IN BRIEF) Two esteemed academics at the University of Exeter, Professor Vicki Goodwin MBE and Professor G.J. Melendez-Torres, have been granted the prestigious National Institute for Health and Care Research (NIHR) Senior Investigator status, underscoring their exceptional research endeavors. Their … Read the full press release

Škoda Unveils Epiq: A Compact City SUV Crossover Packed with Modern Design and Technology

(IN BRIEF) Škoda Auto has announced the forthcoming release of its electric city SUV crossover, the Škoda Epiq, slated for unveiling in 2025. With an anticipated starting price of approximately 25,000 euros, the Epiq boasts a length of 4.1 meters, … Read the full press release