Category Archives: Government

Government Press Releases & News distributed via EuropaWire

A Hub of Creative Collaboration Redefining Luxury

(IN BRIEF) Bulgari unveils Bulgari Studio, a groundbreaking platform fostering co-creation and innovation, particularly focusing on reimagining iconic pieces like the B.zero1 ring and introducing new creations like the Bulgari Roma bag and Bulgari Bulgari watches. This initiative marks a … Read the full press release

DNV Unveils Billion-Dollar Opportunity: Collaborative Decarbonization in ASEAN

(IN BRIEF) A new study by DNV reveals that collaborative efforts towards decarbonizing the energy supply in ASEAN member states could lead to a staggering reduction of USD 800 billion in costs by 2050. The study contrasts three scenarios: individual … Read the full press release

Amazonia Connect Initiative Promotes Sustainable Livestock Farming in Brazil

(IN BRIEF) Partners, producers, and stakeholders convened in Pará, Brazil, for a gathering centered around sustainable livestock farming, organized as part of the Amazonia Connect program. Hosted by consortium partners including USAID, Solidaridad, Earth Innovation Institute, National Wildlife Federation, and … Read the full press release

Multilateral Development Banks Unveil Global Vision for Circular Finance at WCEF 2024

(IN BRIEF) During the World Circular Economy Forum (WCEF) 2024 in Brussels, leading multilateral development banks (MDBs) presented their Circular Economy Working Group’s shared vision on the role of MDBs in supporting the circular economy. The session, titled “Shaping a … Read the full press release

EIB Board Greenlights €4.3 Billion Investment Across Europe for Sustainable Development

(IN BRIEF) The European Investment Bank (EIB) Board of Directors approved €4.3 billion in financing for projects spanning Austria, Czech Republic, France, Germany, Hungary, Italy, Lithuania, and Slovakia. The funding will support sustainable transport, renewable energy, water and waste treatment, … Read the full press release

Multilateral Development Banks Unveil Shared Vision for Circular Economy at WCEF 2024

(IN BRIEF) During the World Circular Economy Forum (WCEF) 2024, Multilateral Development Banks (MDBs) revealed their collaborative vision on the role of MDBs in advancing the circular economy. Emphasizing the significance of circularity in achieving sustainable and equitable development, MDB … Read the full press release

EIB President Leads Delegation to Washington DC for Multilateral Development Meetings

(IN BRIEF) The European Investment Bank (EIB) Group, led by President Nadia Calviño, is set to participate in the 2024 Spring Meetings of the International Monetary Fund and the World Bank Group in Washington DC. The delegation, including Vice-Presidents Ambroise … Read the full press release

Lviv Completes Urban Mobility Upgrade with New Tram Fleet Amid War, Thanks to EIB Loan

(IN BRIEF) Lviv, a city in western Ukraine, celebrates the successful implementation of a project aimed at enhancing urban mobility, marked by the acquisition of ten low-floor trams. Financed by a €17.4 million loan from the European Investment Bank (EIB), … Read the full press release

BII and FMO Join Forces to Propel BECIS’ Clean Energy Expansion in South and South-East Asia

(IN BRIEF) British International Investment (BII) and FMO have collaborated to provide a joint loan commitment of US$50 million to BECIS, a leading Energy as a Service (EaaS) provider in South-East Asia. This financing will support BECIS’ ambitious plans to … Read the full press release

Rheinmetall’s MS Motorservice Implements State-of-the-Art High-Bay Storage System in Neuenstadt

(IN BRIEF) Rheinmetall’s subsidiary, MS Motorservice International GmbH, is set to construct a cutting-edge high-bay storage facility at its Neuenstadt plant, aimed at automating the storage of Euro-pallets. The investment, equipped with advanced conveyor technology and connected to various warehouse … Read the full press release

Hydro Energi AS Secures Long-Term Power Deal with Swiss Provider Alpiq

(IN BRIEF) Hydro Energi AS recently finalized a significant long-term power purchase agreement (PPA) with Swiss energy provider Alpiq, spanning from 2025 to 2033. The agreement entails the delivery of 0.54 TWh of power, contributing to Hydro’s Nordic power portfolio, … Read the full press release

BBVA Launches Miami Office for Latin American Wealth Management

(IN BRIEF) BBVA Global Wealth Advisors (GWA) recently inaugurated its Miami office, marking a strategic move to cater to high-net-worth Latin American clients seeking investment advisory services. With over 30 professionals, the Miami-based unit aims to provide tailored solutions to … Read the full press release

Vinci Invests €50 Million in NatPower SA, Expands Renewable Energy Portfolio

(IN BRIEF) VINCI, a leading infrastructure and construction company, has completed a €50 million investment in NatPower SA, a renewable energy platform operating in Italy, Great Britain, and the United States. This investment involves acquiring 10% of NatPower SA’s share … Read the full press release

AFRY’s Technical Advisory Fuels EnfraGen’s Acquisition Success in Latin America

(IN BRIEF) AFRY played a pivotal role as the technical advisor to EnfraGen in its acquisition of a 188 MW renewable energy portfolio in Panama and Costa Rica, earning the esteemed “Acquisition Deal of the Year” award. EnfraGen, a key … Read the full press release

FLSmidth Secures Major Service Contract for HPGRs in Chilean Iron Ore Mines

(IN BRIEF) A leading Chilean iron ore miner has entrusted FLSmidth with a multi-year contract to service its five High Pressure Grinding Rolls (HPGRs) across three mines in Chile, aiming to boost productivity and extend equipment lifespan. Despite the HPGRs … Read the full press release

EU Initiative Boosts Resilience for Western Balkans SMEs

(IN BRIEF) The European Union’s Western Balkans Enterprise Development and Innovation Facility (WB EDIF) launches the Guarantee for SME Resilience Initiative, injecting €60 million to enhance access to finance for small and medium enterprises (SMEs) in the region. Through partnerships … Read the full press release

RWE Embarks on Wind Farm Construction in Inden, Driving Renewable Energy Growth in Rhenish Lignite Area

(IN BRIEF) RWE, a key player in renewable energy, has commenced the construction of a new wind farm in the Rhenish lignite region, marking another milestone in the area’s energy transition. Set on recultivated land in the Inden opencast mine, … Read the full press release

Saab’s CEO and CFO to Present Q1 2024 Interim Report

(IN BRIEF) Saab’s CEO Micael Johansson and CFO Christian Luiga are set to present the company’s interim report for January-March 2024 on April 26th at 10:00 a.m. CET. The report will be published at 07:30 a.m. CET on the same … Read the full press release

VARTA AG Evaluates Restructuring Amid Economic Challenges and Cyberattack Fallout

(IN BRIEF) VARTA AG, amidst economic challenges exacerbated by a cyberattack on its IT systems, is reassessing its restructuring program agreed upon in July 2023. The current economic situation, marked by volatile customer purchase volumes, decreased demand for energy storage … Read the full press release

Estonia Accelerates Green and Digital Initiatives with €400 Million EIB Financing

(IN BRIEF) The European Investment Bank (EIB) has approved a €400 million loan tranche to Estonia, marking the second installment of a larger €700 million loan aimed at bolstering the Estonian economy. This financing, focused on green and digital investments, … Read the full press release

BAE Systems Expands Intelligence Capabilities with Topaz Acquisition

(IN BRIEF) BAE Systems has bolstered its Modeling & Simulation Solutions (M&SS) portfolio by integrating Topaz Intelligence, LLC, acquired as part of the Ball Aerospace acquisition earlier this year. This move enhances BAE Systems’ ability to provide intelligence-as-a-service, driving agile … Read the full press release

BAE Systems’ WSF-M Satellite Launches, Enhancing Military Environmental Monitoring

(IN BRIEF) BAE Systems’ Weather System Follow-on – Microwave (WSF-M) satellite has been successfully launched, aiming to bridge critical gaps in current space-based environmental monitoring capabilities and advance military operations. The satellite, launched by the U.S. Space Force’s Space Systems … Read the full press release

East German States Lead Heating Transition, Setting Example for National Green Goals

(IN BRIEF) A survey conducted by E.ON reveals that the eastern German states are at the forefront of the heating transition, with almost three-quarters of homes renovated or partially renovated, largely due to post-reunification subsidies for building modernization. Brandenburg leads … Read the full press release

EBRD Supports Avis Greece’s Green Fleet Transition with €108.3 Million Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €108.3 million loan to Avis Greece to aid in the electrification of its car fleet. This investment is part of Avis Greece’s initiative to replace internal-combustion-engine vehicles … Read the full press release

EIF Commits €40 Million to Boost Sustainable Agriculture in Europe

(IN BRIEF) The European Investment Fund (EIF) is allocating €40 million to support the European Agri Transition Fund, aimed at fostering a fairer, healthier, and more sustainable food system in Europe. Managed by INOKS Capital, the fund targets SMEs and … Read the full press release

DHL Global Forwarding Partners with Prada Group to Reduce Emissions Through Sustainable Aviation Fuel

(IN BRIEF) DHL Global Forwarding announces its collaboration with the Prada Group, marking the fashion giant’s first investment in Sustainable Aviation Fuel (SAF) credits through DHL’s GoGreen Plus service. This strategic partnership allows Prada Group to significantly reduce its transport … Read the full press release

Vodafone Intelligent Solutions’ CSR Program: Transforming Lives Through Education and Technology

(IN BRIEF) Vodafone Intelligent Solutions (VOIS) is making significant strides in its Corporate Social Responsibility (CSR) initiatives, particularly through its Brighter Futures program. Since 2018, VOIS has impacted over 375,000 individuals, focusing on community engagement, education, and digital skills development. … Read the full press release

BASF Initiates Change Negotiations Amid Regulatory Uncertainty at Harjavalta Plant

(IN BRIEF) BASF announces the commencement of change negotiations at its precursor cathode active materials plant in Harjavalta, Finland, due to prolonged permitting processes and regulatory uncertainty. The decision, prompted by the suspension of the environmental permit’s immediate enforcement by … Read the full press release

Adyen and UNICEF Forge Global Partnership to Drive Rapid Fundraising for Children in Need

(IN BRIEF) Adyen, a leading financial technology company, and UNICEF have joined forces in a global partnership aimed at supporting children worldwide through innovative fundraising initiatives. Leveraging Adyen’s advanced financial technology, the partnership seeks to streamline fundraising efforts, enabling businesses … Read the full press release

ANDRITZ Deepens Partnership with HydrogenPro with Strategic Acquisition

(IN BRIEF) ANDRITZ, an international technology group, has acquired a 13.8% stake in HydrogenPro, a Norwegian company specializing in pressurized alkaline electrolyzers for green hydrogen production. This acquisition builds upon the strategic partnership established between the two companies in the … Read the full press release

VDL Bus & Coach Inaugurates State-of-the-Art Electric Bus Plant in Roeselare

(IN BRIEF) VDL Bus & Coach recently celebrated the opening of its new electric bus production facility in Roeselare, Belgium, with key figures such as Flemish Prime Minister Jan Jambon and Flemish Minister Lydia Peeters in attendance. The site boasts … Read the full press release

Advancing Healthcare: Bosch and Randox Labs Partner to Revolutionize Molecular Diagnostics

(IN BRIEF) Bosch and Randox Laboratories Ltd. have forged a strategic partnership aimed at transforming molecular diagnostics with a focus on the Vivalytic analysis platform. With an investment of 150 million euros in joint research, development, and distribution, the collaboration … Read the full press release

Driving Sustainability: Vitesco Technologies Teams Up with DHL for Logistics Transformation

(IN BRIEF) Vitesco Technologies announces a strategic partnership with DHL Supply Chain as its Lead Logistics Partner (LLP) in Europe, aiming to enhance sustainability, resilience, and efficiency in its logistics operations. Starting March 2024, DHL will centrally manage logistics flows … Read the full press release

European Auto Industry CEOs Gather for Green Transition Talks with EU Commissioner

(IN BRIEF) Thirteen CEOs from leading European vehicle manufacturers and automotive suppliers convened with EU Commissioner for Climate Action, Wopke Hoekstra, for an ‘Automotive Roundtable’ to discuss the green transition of the sector. The dialogue, following a meeting with President … Read the full press release

BAE Systems Awarded Contract to Maintain L119 Light Guns in Ukraine

(IN BRIEF) The UK Ministry of Defence has granted BAE Systems a contract to maintain and repair gifted L119 Light Guns in Ukraine, enhancing the efficiency of frontline operations. The L119 Light Gun, a favored system among Ukrainian forces for … Read the full press release

Repsol’s Green Evolution: Partnering with Genia Bioenergy to Pioneer Biomethane Industry

(IN BRIEF) Repsol has embarked on a strategic alliance by acquiring a 40% shareholding in Genia Bioenergy, marking its entry into the burgeoning biomethane market. This partnership aims to leverage Genia Bioenergy’s expertise in biogas and biomethane value chain integration, … Read the full press release

EIB and EIF Partner with Erste Bank to Propel SME Lending in Austria through Synthetic Securitisation

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have collaborated with Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) to facilitate SME lending in Austria through a pioneering synthetic securitisation transaction. This landmark transaction, the … Read the full press release

EBRD Posts €2.1 Billion Profit in 2023 Following Record Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has reported a profit of €2.1 billion for 2023, marking a significant turnaround from the €1.1 billion losses incurred in 2022 due to the Russian invasion of Ukraine. The bank’s … Read the full press release

EBRD Invests €22 Million to Propel Farmak’s Expansion into Polish Market

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a €22 million loan to Ukrainian pharmaceutical giant Farmak Group to facilitate its strategic acquisition of a Polish pharmaceutical company and to upgrade its IT systems. Farmak, a … Read the full press release

EIB Group’s €49 Million Guarantee Empowers Erste Bank to Boost SME Lending in Austria

(IN BRIEF) The European Investment Bank (EIB) and the European Investment Fund (EIF) have joined forces to provide Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) with a €49 million guarantee for a synthetic securitisation transaction, marking Austria’s first such … Read the full press release