Category Archives: Business

Business Press Releases & News distributed via EuropaWire

EBRD Partners with Housing Bank to Promote Green Investment in Jordan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is facilitating environmentally friendly investment in Jordan through its Green Economy Financing Facility (GEFF) by granting a $15 million (€13.8 million) loan to the Housing Bank (HBTF). This funding package … Read the full press release

EIB Commits €100 Million to Boost Affordable and Sustainable Housing in Rostock

(IN BRIEF) In a significant development, the European Investment Bank (EIB) has approved a €100 million loan to support WIRO Wohnen in Rostock Wohnungsgesellschaft mbH, the municipal housing company in Rostock, Germany. This funding will aid WIRO in constructing 561 … Read the full press release

TotalEnergies Bolsters Renewable Energy Ventures with Startup Acquisitions

(IN BRIEF) TotalEnergies is acquiring three startups that previously participated in its TotalEnergies On acceleration program at STATION F in Paris. These acquisitions aim to accelerate the company’s expansion in the electricity sector and enhance its B2B offerings and renewable … Read the full press release

DHL’s Remarkable Shipping Feats of 2023: From Manatees to Wind Turbine Blades

(IN BRIEF) DHL, the global logistics leader, showcased its extraordinary shipping accomplishments in 2023. These included flying manatees over 1,000 miles for rescue, shipping five locomotives from the USA to Peru, delivering a key to save a bird, transporting bobsleds … Read the full press release

European Investment Bank Provides €70 Million to Enhance Elderly Care Facilities of Vivium Zorggroep

(IN BRIEF) The European Investment Bank (EIB) has signed a €70 million loan agreement with Stichting Vivium Zorggroep to support the organization’s investment plans until 2030. Vivium plans to modernize its building management approach, adapt its facilities for new care … Read the full press release

Ukraine Receives €133 Million from European Investment Bank to Repair Damaged Hydro Power Plants

(IN BRIEF) The European Investment Bank (EIB) has disbursed €133 million to Ukraine for the Hydro Power Plants Rehabilitation Project, carried out by Ukrhydroenergo, the country’s largest hydropower generating company. This funding aims to support the restoration and repair of … Read the full press release

Jyrki Vainionpää Joins Ahlstrom’s Board of Directors and Assumes CEO Role

(IN BRIEF) Jyrki Vainionpää has been appointed as a member of Ahlstrom’s Board of Directors, effective December 11, 2023. He also takes on the role of President and CEO of A. Ahlström Corporation as of the same date. Lasse Heinonen, … Read the full press release

Terna to Share Public Consultation Results on SE Montecorvino-SE Benevento III Connection

(IN BRIEF) Terna, the company responsible for Italy’s national grid, is set to hold an online meeting on December 19th to unveil the outcomes of a public consultation regarding the “SE Montecorvino-SE Benevento III” 380 kV connection project. The meeting … Read the full press release

Infineon Technologies Maintains 14-Year Streak in Dow Jones Sustainability World Index

(IN BRIEF) Infineon Technologies AG has once again secured a position in the prestigious Dow Jones Sustainability World Index, marking the 14th consecutive year of recognition for the company’s sustainability efforts. Elke Reichart, Member of the Board and Chief Digital … Read the full press release

Airbus SE Announces Share Buyback Transactions to Support Employee Share Ownership Plan

(IN BRIEF) Airbus SE has reported a series of share buyback transactions as part of its ongoing share buyback program, initiated on November 20, 2023. The purpose of this program is to partially fund Airbus’ Employee Share Ownership Plan (ESOP). … Read the full press release

Accenture to Partner with Commercial Bank of Dubai on Technology Transformation Program

(IN BRIEF) Accenture has signed a strategic agreement with the Commercial Bank of Dubai (CBD) to support its technology transformation program, aiming to enhance its banking services for both personal and business customers. Under the agreement, Accenture will establish a … Read the full press release

Realisaprint.com Makes World’s First Post-Beta Installation of RICOH Pro Z75 B2 Inkjet Press

(IN BRIEF) French online printer Realisaprint.com has become the world’s first company to install the RICOH Pro Z75 B2 perfecting sheetfed inkjet platform after its successful beta testing at Heeter in America. Founded in 2007, Realisaprint.com offers commercial printing services … Read the full press release

ABB Partners with Gravitricity to Advance Gravity Energy Storage in Abandoned Mines

(IN BRIEF) ABB has entered into an agreement with Gravitricity, a UK-based gravity energy storage company, to collaborate on the development and implementation of gravity energy storage systems in disused mines. Gravitricity’s innovative GraviStore system utilizes heavy weights in underground … Read the full press release

Lagardère’s Shareholder Vivendi Extends Rights to Sell Shares Until June 2025

(IN BRIEF) Lagardère acknowledges that its shareholder, Vivendi SE, has unanimously approved the extension of the exercise period for the rights to sell Lagardère shares until June 15, 2025. This extension maintains the terms and conditions outlined in the public … Read the full press release

EQT Infrastructure to Acquire Majority Stake in Heritage Environmental Services, Advancing Industrial Waste Management

(IN BRIEF) EQT Infrastructure has announced its acquisition of a majority stake in Heritage Environmental Services (HES), a leading US provider of sustainability and industrial waste management services. The move aligns with EQT’s focus on investing in businesses that offer … Read the full press release

PGNiG Upstream Norway Partners with Horisont Energi for Major Carbon Storage Project in Barents Sea

(IN BRIEF) PGNiG Upstream Norway, a part of the ORLEN Group, has signed an agreement with Horisont Energi AS to acquire a 50% interest in the CO2 exploration license Polaris in the Barents Sea. This partnership signifies a significant step … Read the full press release

DNV Receives Global Carbon Council Accreditation for GHG Emission Reduction Validation and Verification

(IN BRIEF) DNV has achieved accreditation from the Global Carbon Council (GCC) as one of 14 approved verifiers. This accreditation enables DNV to provide validation and verification services for businesses engaged in greenhouse gas (GHG) emissions reduction projects aligned with … Read the full press release

U.S. Navy Procures Saab’s Double Eagle Undersea Vehicles for Kuwait’s Naval Force

(IN BRIEF) The U.S. Navy is purchasing Saab’s Double Eagle family of undersea vehicles, known for their safety and operational reliability, as part of a Foreign Military Sales (FMS) program for the State of Kuwait’s Naval Force. This advanced system, … Read the full press release

Arkema Secures 20-Year Solar Energy Contract with EDF Renewables for 70% of Bostik’s Electricity Needs

(IN BRIEF) Arkema has entered into a 20-year contract with EDF Renewables to supply 20 GWh/year of renewable electricity, beginning in 2026. This partnership will cover 70% of Bostik’s electricity consumption across its eight sites in France. The move towards … Read the full press release

European Commission Approves €2.6 Billion Compensation to RWE for Early Coal Phase-Out

(IN BRIEF) The European Commission has given its approval for RWE to receive €2.6 billion in compensation for the early phase-out of its lignite-fired power plants, as mandated by the German Act to Reduce and End Coal-Fired Power Generation passed … Read the full press release