Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Nordea Enhances Internal Allocation Framework for Improved Decision-Making

(IN BRIEF) Nordea announces the update of its internal allocation framework at the onset of 2024, aimed at bolstering transparency, accountability, and decision-making efficacy in capital deployment and resource allocation. The revised framework aligns business area profitability metrics with the … Read the full press release

March 26, 2024: Ahold Delhaize Repurchased 255,145 Shares as Part of €1 Billion Buyback Program

(IN BRIEF) Ahold Delhaize announces the repurchase of 255,145 common shares between March 18 and March 22, 2024, at an average price of €27.18 per share, totaling €6.9 million. This transaction is part of the €1 billion share buyback program … Read the full press release

Hannover Re Unveils Dedicated Cyber and Digital Business Unit for Enhanced Reinsurance Expertise

(IN BRIEF) Hannover Re announces the establishment of a new specialty reinsurance business unit, effective April 1, 2024, aimed at consolidating its global operations in cyber and digital domains to bolster underwriting proficiency. Led by Stefan Sperlich, the unit will … Read the full press release

NIB Partners with SCA to Fund Fasikan Wind Farm in Northern Sweden

(IN BRIEF) The Nordic Investment Bank (NIB) has inked a 10-year loan agreement with Svenska Cellulosa Aktiebolaget SCA (Publ) to co-finance the Fasikan Wind Farm in Jämtland county, northern Sweden. Valued at SEK 1 billion, this loan will bolster the … Read the full press release

NIRAS Reports Record Earnings and Steady Growth, Sets Ambitious Goals for Future

(IN BRIEF) NIRAS, a leading consultancy firm, has announced its robust annual results for 2023, boasting record earnings (EBITA) of DKK 167 million and a commendable organic growth rate exceeding 10%. Despite challenging market conditions marked by inflation and global … Read the full press release

CBI Northern Ireland Annual Lunch: Business Leaders and Politicians Gather for Economic Discussion

(IN BRIEF) Approximately 400 business leaders and political figures convened at the CBI Northern Ireland Annual Lunch, marking the first such event since the restoration of the Executive. Hosted at Titanic Belfast and sponsored by Spirit AeroSystems and MCS Group, … Read the full press release

Wienerberger Reports Strong Performance and Strategic Acquisitions in 2023

(IN BRIEF) Despite economic challenges, Wienerberger had a successful business year in 2023, boasting revenues of €4.2 billion and operating EBITDA of €811 million. The company’s resilience is attributed to its robust performance in infrastructure and renovation sectors, along with … Read the full press release

EBRD Invests €25 Million in Vilnius Residential Energy Efficiency Fund

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is supporting energy efficiency initiatives in Vilnius by investing €25 million in Šiaulių Bank’s energy efficiency fund. Managed by Šiaulių Bank, the fund aims to finance energy efficiency renovations in … Read the full press release

Nomagic Secures €8 Million EIB Loan to Boost Robotic Automation Solutions

(IN BRIEF) Nomagic, a leading developer of intelligent robotics for e-commerce and retail warehouses, has secured an €8 million loan from the European Investment Bank (EIB) to enhance its research and development (R&D) efforts. The loan, supported by the European … Read the full press release

Louis Dreyfus Company Releases First Integrated Report: Highlights Financial Performance and Sustainable Progress

(IN BRIEF) Louis Dreyfus Company B.V. (LDC) has unveiled its inaugural integrated report, presenting a comprehensive overview of its financial performance and sustainability initiatives for the year ended December 31, 2023. Despite challenges posed by geopolitical tensions and climate-related disruptions, … Read the full press release

Navigating Trust Reporting Obligations: Insights from Wolters Kluwer CT Corporation

(IN BRIEF) Since the implementation of the Corporate Transparency Act (CTA) earlier this year, Wolters Kluwer CT Corporation has been inundated with inquiries regarding reporting obligations for trusts, particularly concerning the Beneficial Ownership Information (BOI) requirements. George May, Vice President … Read the full press release

LPKF Laser & Electronics SE Reports Stable Revenue and EBIT Amidst Market Challenges

(IN BRIEF) LPKF Laser & Electronics SE disclosed its financial performance for the fiscal year, registering a revenue of EUR 124.3 million and an EBIT of EUR 3.7 million, slightly lower than the previous year’s figures. Despite facing challenges such … Read the full press release

Andrea Herrmann Reappointed as CFO of Vienna Stock Exchange, Ensuring Stability and Continuity

(IN BRIEF) The Vienna Stock Exchange’s supervisory board has affirmed its commitment to stability and continuity by reappointing Andrea Herrmann as Chief Financial Officer (CFO) during its recent meeting. Herrmann, who has been a member of the management board since … Read the full press release

Douglas AG Enters Prime Standard of Frankfurt Stock Exchange

(IN BRIEF) Douglas AG (ISIN: DE000BEAU7Y1) marks a significant milestone as it joins the Prime Standard of the Frankfurt Stock Exchange, commencing trading with an initial listing price of EUR 25.50. The company’s IPO, led by Citigroup, Goldman Sachs, and … Read the full press release

ABL Group ASA Launches Share Repurchase Plan to Meet Financial Commitments

(IN BRIEF) ABL Group ASA (ticker: ABL) has announced the commencement of a share buyback program, aiming to repurchase up to 250,000 of its own shares, representing approximately 0.2% of the outstanding share capital. The program, authorized by the Board … Read the full press release

UniCredit Debuts “Uni Sonos” at Milan Design Week 2024, Celebrating Women’s Empowerment and Creativity

(IN BRIEF) UniCredit unveils its collaboration with Arena di Verona and Studiopepe at Milan Design Week 2024 with “Uni Sonos,” a groundbreaking installation celebrating women’s empowerment, diversity, and creativity. Featuring costumes from the 100th Arena di Verona Opera Festival, the … Read the full press release

UniCredit Joins Venice Sustainability Foundation as Co-Founding Member

(IN BRIEF) UniCredit has announced its partnership with the Fondazione Venezia Capitale Mondiale della Sostenibilità (Venice Sustainability Foundation), becoming a co-founding member. With a commitment to fostering sustainability in Venice and its metropolitan region, UniCredit aims to address the complex … Read the full press release

Navigating Tomorrow: MAPFRE Explores Four Scenarios for Society Embracing Generative AI

(IN BRIEF) MAPFRE, a prominent insurance company, delves into the potential societal impacts of Generative Artificial Intelligence (Generative AI) by outlining four plausible scenarios for 2029. These scenarios range from a transformational society with ubiquitous Generative AI adoption to a … Read the full press release

SIX Bolsters Global Benchmark Platform Through Strategic Investment in BITAv

(IN BRIEF) SIX, a prominent financial information provider, has announced a strategic investment in BITA, a leading indexing technology and services provider, alongside existing shareholders ETFS Capital, Volta Ventures, and Pamica NV. Recognizing the increasing demand for customizable investment solutions, … Read the full press release

ProCredit Group Reports Strong Financial Performance for 2023, Focuses on Sustainable Growth

(IN BRIEF) ProCredit Group, predominantly active in South Eastern and Eastern Europe, unveils a robust financial performance for the year 2023, reporting a net profit of EUR 113.4 million with a return on equity (RoE) of 12.2%. Operating income surged … Read the full press release

ProCredit Group’s Sustainable Growth: Impact Report 2023 Reveals Climate Commitment and Social Progress

(IN BRIEF) ProCredit Group, with a focus on South Eastern and Eastern Europe, unveils its Impact Report for the 2023 financial year, showcasing its robust commitment to sustainability. The report highlights achievements such as the inauguration of the “ProEnergy” solar … Read the full press release

ABN AMRO MeesPierson Ups Equity Position Amidst Optimistic Economic Outlook

(IN BRIEF) ABN AMRO MeesPierson, the private bank, announces a shift in its equity weighting from neutral to slightly overweighted, citing a more favorable macroeconomic landscape and the potential for interest rate cuts. Chief Investment Strategist Ralph Wessels highlights the … Read the full press release

Fugro Initiates €42.8 Million Share Repurchase Program to Fulfill Employee Share Programs

(IN BRIEF) Fugro has announced the commencement of a share repurchase program, aiming to buy back 2 million of its ordinary shares to fulfill obligations under its employee share programs. Scheduled to begin on March 20, 2024, and anticipated to … Read the full press release

Shell Releases 27th Annual Sustainability Report, Highlights Progress Towards Emission Reduction Goals

(IN BRIEF) Shell has published its 27th annual Sustainability Report, showcasing progress made in social, safety, and environmental performance throughout 2023. CEO Wael Sawan emphasizes the company’s commitment to creating more value with fewer emissions, noting advancements in reducing carbon … Read the full press release

Team Europe Delegation Commits €166 Million for Benin’s Development Agenda

(IN BRIEF) A high-level Team Europe delegation recently concluded an official visit to Benin, solidifying the country’s partnership with the European Union through the signing of finance contracts totaling €166 million. Led by senior leaders of European institutions and development … Read the full press release

EIB Group Boosts Portuguese Economy with €2.1 Billion Investment in 2023

(IN BRIEF) In 2023, Portugal witnessed a significant financial influx from the European Investment Bank Group (EIB Group), totaling over €2.1 billion, marking a 25% increase from the previous year. This substantial support, aimed at fostering economic growth, social cohesion, … Read the full press release

EIB Signs MoU with Ukrhydroenergo to Boost Ukraine’s Energy Security

(IN BRIEF) EIB President Nadia Calviño hosted Ukrainian Prime Minister Denys Shmyhal at the EIB headquarters, marking a significant step in bolstering Ukraine’s energy security amidst ongoing challenges from the war. The meeting saw the signing of a Memorandum of … Read the full press release

Ahold Delhaize Repurchased 704,412 Shares as Part of €1 Billion Buyback Program

(IN BRIEF) Ahold Delhaize announces the repurchase of 704,412 common shares between March 11, 2024, and March 15, 2024, as part of its €1 billion share buyback program initiated on November 8, 2023. The shares were bought at an average … Read the full press release

EIB Supports Skellefteå’s Social Housing Drive Amidst Green Industrialization

(IN BRIEF) The European Investment Bank (EIB) is backing Skellefteå Kommun in Sweden with a SEK 800 million loan (€70 million) to facilitate the construction of 743 new, energy-efficient social housing units. These homes, vital amidst the green industrialization, especially … Read the full press release

Unveiling the Hidden Epidemic: Experian’s Podcast Exposes Financial Abuse Impacting Women in the UK

(IN BRIEF) Experian’s latest episode of The Cost of Loving podcast uncovers the pervasive issue of financial abuse, affecting 5.5 million women in the UK, with a significant portion falling between the ages of 18 to 24. Through candid discussions … Read the full press release

Loughborough University Hosts Manufacturing and Trade Conference to Drive Regional Growth

(IN BRIEF) Loughborough University is set to host the East Midlands Chamber’s Manufacturing and Trade Conference on March 26, focusing on key themes of investment, innovation, infrastructure, and international trade. With a lineup of keynote speakers, workshops, and panel discussions, … Read the full press release

BNP Paribas Appoints New Heads for Commercial Banking and Leasing Solutions

(IN BRIEF) BNP Paribas announces the appointment of Isabelle Loc as the new Head of Commercial & Personal Banking in France, succeeding Marguerite Bérard and joining the BNP Paribas Executive Committee. With a diverse background within the group, including leadership … Read the full press release

BBVA’s Successful €1 Billion Green Bond Issue Exceeds Demand

(IN BRIEF) BBVA’s issuance of a €1 billion seven-year green senior preferred bond on Friday garnered overwhelming demand, reaching €3.3 billion, indicating investor confidence in the bank’s sustainability initiatives. The final price was set at mid-swap plus 90 basis points, … Read the full press release

BBVA Shareholders Overwhelmingly Approve Agenda Items at Annual General Meeting

(IN BRIEF) BBVA shareholders demonstrated strong support for agenda items during the Annual General Meeting, with corporate management receiving 98.2 percent of votes and a historic quorum of 71 percent. Shareholders endorsed the appointment of Enrique Casanueva and Cristina de … Read the full press release

DBDX Launches Successful Crypto Trading with ICF Bank and Bankhaus Metzler as Pilot Clients

(IN BRIEF) The Deutsche Börse Digital Exchange (DBDX) has commenced trading activities with successful transactions facilitated by ICF Bank and Bankhaus Metzler, marking a significant milestone in the institutional adoption of blockchain technology in the financial sector. With a focus … Read the full press release

EQT Reflects on Strong Performance and Global Expansion in Annual Report

(IN BRIEF) EQT, a leading investment firm, reviews its accomplishments in the past year, highlighting the successful integration of BPEA into EQT Private Capital Asia, the establishment of new strategies for individual investors, and increased investment activity despite market uncertainties. … Read the full press release

EIB Supports Iberdrola’s Green Grid Expansion with €700 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has approved a €700 million green loan to facilitate the expansion of Iberdrola’s electricity distribution grid in Spain, aiming to enhance the integration of renewable energy sources and enable new uses such as … 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