Monthly Archives: June 2024

Faktoro Secures €55 Million EIF Guarantee to Boost Lithuanian SMEs and Social Enterprises

(IN BRIEF) Faktoro, a leading non-bank business financier in Lithuania, has entered into a guarantee agreement with the European Investment Fund (EIF) to provide up to €55 million in new financing for more than 800 Lithuanian companies. The funding, supported … Read the full press release

EIB Group Expands in Cyprus with New Office in Nicosia to Boost Local Economy

(IN BRIEF) The European Investment Bank Group (EIB Group) is set to expand its presence in the European Union by opening a new office in Nicosia, Cyprus. This decision was revealed during discussions between EIB Group President Nadia Calviño and … Read the full press release

EIB Group’s Financing Boosts SME Growth and Start-up Success in Europe

(IN BRIEF) A new study from the European Investment Bank (EIB) Group has found that its financial support significantly boosts growth and productivity for small and medium-sized enterprises (SMEs) and mid-cap companies across Europe. Companies receiving EIB loans reported a … Read the full press release

Digi Communications N.V. announces the OGMS resolutions and the availability of the approved 2023 Annual Report

(IN BRIEF) Digi Communications N.V. held its general shareholders’ meeting (GSM) today, announcing significant resolutions and the availability of its 2023 Annual Report. Key decisions include: Adoption of the 2023 Annual Accounts. Approval of a gross dividend of 1.25 RON … Read the full press release

Thales Secures First EASA Design Verification Report for Light UAS, Boosting Long-Range Drone Operations

(IN BRIEF) Thales has become the first company to receive a Design Verification Report (DVR) from the European Union Aviation Safety Agency (EASA) for Light UAS SAIL III, using its ScaleFlyt avionics in the Aeromapper AVEM 300 CERBERE UAV. This … Read the full press release

Infineon Launches Advanced AIROC™ CYW5591x MCU Family for Next-Gen IoT Devices

(IN BRIEF) Infineon Technologies AG has launched the AIROC™ CYW5591x Connected Microcontroller (MCU) product family, featuring Wi-Fi 6/6E and Bluetooth® Low Energy 5.4, to create efficient and compact IoT devices. This new MCU family supports rapid development with Infineon’s ModusToolbox™ … Read the full press release

Holcim Acquires Cand-Landi Group to Enhance Decarbonization and Circular Construction in Switzerland

(IN BRIEF) Holcim has acquired the Cand-Landi Group, a Swiss company known for its recycling, waste management, aggregates, and ready-mix operations, to boost decarbonization and circular construction efforts. With CHF 70 million in net sales and 250 employees, Cand-Landi will … Read the full press release

EIF Grants €1 Million Loan to Boost Lending for Romanian Small Businesses Through Instant Factoring

(IN BRIEF) The European Investment Fund (EIF) has provided a RON 5 million (€1 million) subordinated loan to Romanian fintech Instant Factoring IFN, marking the first InvestEU funding for a Romanian fintech and factoring company. This loan will help Instant … Read the full press release

EIB Funds €1.2 Billion for Denmark’s Largest Wind Farm to Power Over a Million Homes

(IN BRIEF) The European Investment Bank (EIB) is providing a €1.2 billion loan to support the construction of the Thor wind farm in the Danish North Sea, developed by RWE. The 1.1 GW wind farm, consisting of 72 turbines, will … Read the full press release

Czech Composer Tatiana Mikova Presents Her String Quartet ‘In Modo Lidico’ at Carnegie Hall

(IN BRIEF) Czech award-winning composer Tatiana Mikova will present her String Quartet “In Modo Lidico” at Carnegie Hall on 1st July 2024, following its successful world premiere in New York in 2021. Mikova seamlessly blends Moravian folk influences with classical … Read the full press release

EnBW and LevertonHELM Forge Alliance for Sustainable Lithium Production to Power European Electromobility

(IN BRIEF) EnBW and LevertonHELM have successfully collaborated on a project to produce high-purity lithium carbonate using direct lithium extraction (DLE) from thermal water at EnBW’s geothermal power plant in Bruchsal, Germany. LevertonHELM processed the extracted lithium chloride solution to … Read the full press release

Thales Alenia Space Launches ASTRA 1P Satellite to Enhance European Broadcast Capabilities

(IN BRIEF) Thales Alenia Space has successfully launched the ASTRA 1P communications satellite from Cape Canaveral, Florida, using a SpaceX Falcon 9 rocket. Designed on the Spacebus NEO platform with all-electric propulsion, ASTRA 1P aims to deliver high-definition TV content … Read the full press release

Volkswagen Revolutionizes Driving Experience with AI Integration in Latest Vehicle Models

(IN BRIEF) Volkswagen has integrated ChatGPT, an advanced AI tool, into its latest vehicle models to enhance the functionality of its IDA online voice assistant. This integration allows drivers to interact with their vehicles using natural language, expanding beyond traditional … Read the full press release

BBVA Foundation’s 16th Frontiers of Knowledge Awards Celebrate the Power of Knowledge

(IN BRIEF) The 16th BBVA Foundation Frontiers of Knowledge Awards ceremony, held in Bilbao, celebrated the importance of knowledge in addressing societal challenges, including climate change. BBVA Foundation President Carlos Torres Vila emphasized the need for attracting talent and capital … Read the full press release

ANDRITZ Secures Order from Sioen Technical Felts for Advanced Needlepunch Line

(IN BRIEF) ANDRITZ has been contracted by Sioen Technical Felts to supply a needlepunch line for their Liège, Belgium plant, allowing the production of heavy fabrics in a single step. This will enhance the quality by reducing delamination risks and … Read the full press release

FS Group Secures Landmark €3.5 Billion Sustainability-Linked Credit Facility

(IN BRIEF) Ferrovie dello Stato Italiane S.p.A. (FS Group) has signed its largest ever financial deal, a €3.5 billion committed and revolving credit facility with a three-year term. The credit line, secured with nine banks including Banca Popolare di Sondrio, … Read the full press release

Centrica Launches Energised Futures to Simplify and Affordable Energy for Consumers

(IN BRIEF) Centrica has introduced Energised Futures, a new start-up venture aimed at simplifying and reducing the cost of energy for consumers. The venture will combine research, innovation, and development expertise from various Centrica brands, including British Gas and Hive, … Read the full press release

EMPA Introduces Innovative Dark-Field X-Ray Imaging to Revolutionize Kidney Stone Diagnosis

(IN BRIEF) EMPA researchers are developing a new diagnostic procedure using dark-field X-ray imaging to determine the structure and composition of kidney stones, potentially reducing the need for invasive surgeries. Supported by the Maiores Foundation, this technology aims to provide … Read the full press release

Loughborough Tennis Prodigy Henry Searle Granted Wildcard Entry for Wimbledon Singles Main Draw

(IN BRIEF) Henry Searle, an 18-year-old talent from Loughborough University National Tennis Academy (LUNTA), has been granted a wildcard entry to compete in the singles main draw at Wimbledon this summer. The tournament runs from July 1 to July 14. … Read the full press release

Stockholm Exergi’s NIB-Backed BECCS Project Advances Sustainability Goals

(IN BRIEF) Stockholm Exergi Holding AB, a major energy provider in Stockholm, plans to implement a Bio-energy with Carbon Capture and Storage (BECCS) project at its Värtaverket energy plant. This initiative aims to capture and store 800,000 tonnes of biogenic … Read the full press release