Category Archives: Business

Business Press Releases & News distributed via EuropaWire

GreenPowerMonitor Launches GPM Hybrid PPC: A Game-Changer in Hybrid Power Plant Management

(IN BRIEF) GreenPowerMonitor (GPM), a subsidiary of DNV, has unveiled its innovative Hybrid Power Plant Controller (GPM Hybrid PPC) designed to revolutionize the management of hybrid power plants. Unlike conventional renewable energy plants that rely on a single power source, … Read the full press release

Europe’s Critical Infrastructure Faces Growing Threat from Extreme Rainfall Events

(IN BRIEF) Europe is experiencing a surge in extreme rainfall events, driven by climate change, leading to substantial financial consequences. Sweco’s “Expect the Unexpected: Floods and Critical Infrastructure” report highlights the urgent need for resilient urban infrastructure. It emphasizes asset-level … Read the full press release

EIB Provides €450 Million Loan to Iveco Group for Electric Mobility and Innovation

(IN BRIEF) The European Investment Bank (EIB) has approved a €450 million loan to Iveco Group, a global automotive leader, as part of a larger €500 million financing initiative. This funding aims to support the development of innovative technologies in … Read the full press release

EIB and Luminor Bank Sign €115 Million Agreement to Boost SME Financing in the Baltic States

(IN BRIEF) The European Investment Bank (EIB) and Luminor Bank AS have inked a €115 million agreement to enhance lending to small and medium-sized enterprises (SMEs) and mid-cap companies in Estonia, Latvia, and Lithuania. The collaboration between the EIB and … Read the full press release

EIB Grants €34 Million Loan to Support Social Housing in Milan’s Sarpi District

(IN BRIEF) The European Investment Bank (EIB) has provided a €34 million loan to the Ca’ Granda Fund, managed by Investire SGR, to support the construction of new social housing units in central Milan. Over 200 apartments in the Sarpi … Read the full press release

EIB Launches Regional Hub in Kyiv and Commits €450 Million to Support Ukraine’s Recovery and Resilience Initiatives

(IN BRIEF) The European Investment Bank (EIB) President Werner Hoyer and Vice-President Teresa Czerwińska visited Kyiv to reaffirm the EIB’s commitment to Ukraine. During the visit, they inaugurated the EIB Regional Hub for Eastern Europe in Kyiv, strengthening support for … Read the full press release

EIB Grants €110 Million Loan to Billerud for Eco-Friendly Pulp and Paper Mill Upgrades

(IN BRIEF) The European Investment Bank (EIB) has signed a SEK 1.3 billion (approximately €110 million) loan agreement with Billerud, a leading paper and packaging materials supplier based in Sweden. The loan will support the modernization and environmental upgrade of … Read the full press release

Sorégies Receives Financing Boost for Renewable Energy Development via InvestEU Program

(IN BRIEF) Local energy company Sorégies has secured financing through the InvestEU program, marking a significant step in its strategic plan to prioritize renewable energy development. Sorégies aims to self-generate at least 1,000 GWh of electricity by 2030, aligning with … Read the full press release

University of Exeter Research Teams Triumph at GW4 Open Research Prize

(IN BRIEF) University of Exeter researchers received accolades at the inaugural GW4 Open Research Prize, an event celebrating excellence in open research practices. Open research encompasses various practices that enhance research accessibility, transparency, reproducibility, and visibility. Exeter researchers claimed first … Read the full press release

EU-Funded REFORMERS Project Launches Europe’s First Renewable Energy Valley in the Netherlands

(IN BRIEF) The REFORMERS research project, funded under the EU’s Horizon Europe program, has officially commenced its mission to develop and roll out “Renewable Energy Valleys” (REVs) across Europe. The project’s flagship, located in the Netherlands between Alkmaar and Heiloo, … Read the full press release

University Choir’s Festive Musical Extravaganza at Cope Auditorium on December 6

(IN BRIEF) Join the University Choir and LSU Classical musicians for a festive evening of music at Cope Auditorium on December 6th at 7:30 pm. The concert, conducted by Eleanor Graff-Baker and featuring Handel’s ‘Messiah (Part One)’, Britten’s ‘A Ceremony … Read the full press release

Platform_ Completes Glasgow’s Largest Build-to-Rent Scheme, Bringing Modern Living to the City Center

(IN BRIEF) Platform_ has successfully completed its Build-to-Rent (BTR) development in Glasgow’s City Centre, which provides 498 homes and is the largest of its kind in Scotland. Constructed by GRAHAM and designed by Keppie Design, this iconic 20-story building offers … Read the full press release

Sener and Eurecat Collaborate on Multisector Innovation and Industrial Scaling

(IN BRIEF) Engineering group Sener and technology center Eurecat have entered into a strategic partnership to jointly develop disruptive technologies and scalable solutions across various sectors. This collaboration, which emphasizes open innovation and knowledge exchange, aims to address complex technological … Read the full press release

Oman’s Sanvira Tech Inks Deal to Supply Carbon Anodes to Hydro’s Norwegian Smelters

(IN BRIEF) Hydro, a global aluminium producer, has signed a significant agreement with Sanvira Tech LLC to secure a stable supply of carbon anodes from Oman for its Norwegian aluminium smelters. The contract spans eight years with extension options and … Read the full press release

Garanti BBVA Commits €36.1 Million in Financing for Işıklar Wind Power Plant to Bolster Renewable Energy Expansion

(IN BRIEF) Garanti BBVA has revealed its dedication to supporting renewable energy initiatives with a €36.1 million financing agreement for the Işıklar Wind Power Plant, facilitated through BBVA’s Turkish unit in partnership with Dost Enerji. The wind power project will … Read the full press release

BBVA Colombia Achieves Significant Growth in Sustainable Lending, Focusing on Inclusive Growth and Climate Action

(IN BRIEF) BBVA in Colombia has reported substantial growth in its sustainable lending activities between January and August 2023. The bank granted 3.8 billion pesos in sustainable loans, with $2.4 billion directed towards inclusive growth projects and $1.4 billion allocated … Read the full press release

EY and AspenTech Collaborate to Boost Sustainability in Industrial and Energy Sectors

(IN BRIEF) Ernst & Young LLP (EY US) and Aspen Technology, Inc. have joined forces in an alliance that provides a comprehensive set of solutions to support industrial and energy clients in achieving sustainability goals while optimizing operations. This partnership … Read the full press release

Roche Introduces Elecsys® HBeAg Quant Test for Accurate Hepatitis B Diagnosis and Monitoring

(IN BRIEF) Roche has unveiled Elecsys® HBeAg quant, a new immunoassay designed to detect the presence and quantity of the hepatitis B e antigen (HBeAg) in human serum and plasma. This diagnostic tool simplifies the process for both clinicians and … Read the full press release

GSK’s Belantamab Mafodotin Shows Promise as Second-Line Treatment for Multiple Myeloma in Phase III Trial

(IN BRIEF) GlaxoSmithKline (GSK) has reported positive results from the interim efficacy analysis of the DREAMM-7 phase III trial evaluating belantamab mafodotin as a second-line treatment for relapsed or refractory multiple myeloma. The trial successfully met its primary endpoint of … Read the full press release

Generative AI Threatens White Collar Jobs More Than Blue Collar Jobs, Finds Pearson Research

(IN BRIEF) Pearson, a leading learning company, has conducted research revealing that white collar jobs are more vulnerable to the impact of generative AI (Artificial Intelligence) than blue collar jobs. The study focused on over 5,000 jobs across five countries … Read the full press release