Category Archives: Business

Business Press Releases & News distributed via EuropaWire

INEOS Aromatics to Temporarily Shut Down Smaller PTA Unit at Geel Facility Due to Market Challenges

(IN BRIEF) INEOS Aromatics has announced its decision to temporarily mothball the smaller of its two PTA (Purified Terephthalic Acid) units at its integrated production facility in Geel, Belgium. This move comes as a response to challenging market conditions that … Read the full press release

VVA Experiences Record Organic Growth with Renowned Publishers Joining as Clients in 2024

(IN BRIEF) Vereinigte Verlagsauslieferung (VVA), a part of Arvato, is poised for a historic year of organic growth in 2024, marking its most significant expansion since its establishment over 60 years ago. VVA has successfully recruited prestigious publishers, including Beltz, … Read the full press release

ZF Aftermarket Introduces Repair Kits for Electric Axle Drives, Expanding Support for Independent Workshops

(IN BRIEF) ZF Aftermarket is bolstering its electric drivetrain offerings by introducing repair kits for electric axle drives. While electric motors are known for their durability and limited moving parts, they can still require repairs due to factors like dirt, … Read the full press release

Krka Receives TOP Education Management Certificate for Investment in Employee Development

(IN BRIEF) Krka, a Slovenian pharmaceutical company, has been honored with the TOP Education Management certificate at the Edutainment 2023 convention. This recognition is presented to Slovenian companies that demonstrate a strong commitment to employee education and development. Krka’s Head … Read the full press release

Swisscom Clinches 14th Connect Mobile Network Test Win with Record-Breaking Score

(IN BRIEF) Swisscom has once again secured the top spot in the connect mobile network test, earning an impressive 981 out of 1000 points, the highest score ever awarded by the consumer magazine and the umlaut measuring institute in international … Read the full press release

EBRD Commits €65.9 Million to Enhance Infrastructure and Climate Resilience in Kyrgyz Republic

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has pledged €65.9 million in sovereign loans and grant funding to improve the electricity and water supply systems in the Kyrgyz Republic, addressing critical infrastructure and climate resilience needs. The … Read the full press release

ARCH Cold Chain Solutions Launches Groundbreaking Cold Storage Facility in Kenya to Tackle Food Waste and Ensure Safety Standards

(IN BRIEF) ARCH Cold Chain Solutions Fund has unveiled its flagship cold storage facility in Nairobi, Kenya, within the Tatu City Special Economic Zone. This state-of-the-art facility, the first of its kind in Africa, offers temperature-controlled storage and distribution for … Read the full press release

EIB and Banca Intesa Beograd Join Forces to Boost Green Investments and SME Growth in Serbia

(IN BRIEF) In a significant move, the European Investment Bank’s (EIB) global arm, EIB Global, and Banca Intesa Beograd have signed a €100 million credit line aimed at supporting small and medium enterprises (SMEs) and mid-caps in Serbia. This initiative … Read the full press release

Infineon Unveils EZ-USB FX10: A High-Performance USB Peripheral Controller with 10Gbps Speed

(IN BRIEF) Infineon Technologies AG has introduced the latest addition to its EZ-USB™ family of programmable USB peripheral controllers—the EZ-USB FX10. This new device offers lightning-fast connectivity with USB 10Gbps and LVDS interfaces, delivering up to three times the total … Read the full press release

Vodafone Foundation and UNHCR Emphasize the Importance of Education for Refugees

(IN BRIEF) Vodafone Foundation and UNHCR, the United Nations refugee agency, hosted an event in London to underscore the significance of education for refugees and the necessity for increased investment in this sector. The event showcased the Instant Network Schools … Read the full press release

Accenture Partners with Bankdata to Modernize Capital Markets Platform in Denmark

(IN BRIEF) Accenture has entered into a multi-year agreement with Bankdata, a major fintech company in Denmark and the Nordic region, to transform and migrate its capital markets platform to the cloud. Bankdata will utilize Accenture’s Applied Technology and Operations … Read the full press release

Accenture Strengthens Regional Creative Capabilities with Rabbit’s Tale Acquisition in Thailand

(IN BRIEF) Accenture, a global technology and consulting company, is set to acquire Rabbit’s Tale, a renowned Bangkok-based creative and digital experience agency. This strategic move aims to bolster the creative, brand, and data capabilities of Accenture Song, the world’s … Read the full press release

AstraZeneca Showcases Hematology Advancements and Calquence’s Long-Term Efficacy at ASH Annual Meeting

(IN BRIEF) AstraZeneca is set to unveil promising data at the 65th American Society of Hematology (ASH) Annual Meeting, highlighting its expanding hematology pipeline and the enduring effectiveness of Calquence in treating chronic lymphocytic leukemia (CLL). The presentation includes six-year … Read the full press release

TotalEnergies Invests £20 Million in Xlinks’ Ambitious Renewable Project to Power 7 Million UK Homes

(IN BRIEF) TotalEnergies, one of Europe’s largest energy companies, has invested £20 million to acquire a minority stake in Xlinks First Limited, a UK-based company that aims to develop a groundbreaking renewable energy project in Morocco. The project involves a … Read the full press release

Hydro Unveils Ambitious Plans for Greener Aluminium and Sustainable Growth

(IN BRIEF) Hydro, a leading global aluminium company, has announced its strategic direction for the coming decade, focusing on capturing opportunities in the growing demand for low-carbon aluminium. The company aims to achieve this by stepping up its efforts in … Read the full press release

Centrica and Mitsubishi Power Collaborate on Europe’s First Ammonia-Fired Power Plant in Ireland

(IN BRIEF) Centrica and Mitsubishi Power Europe have joined forces to explore the development of Europe’s inaugural ammonia-fired power generation facility at Bord Gáis Energy’s Whitegate CCGT power station in Cork, Ireland. This groundbreaking project aims to leverage low carbon … Read the full press release

Kuehne+Nagel Boosts Customs Brokerage Services with Acquisition of Farrow

(IN BRIEF) Kuehne+Nagel, a global logistics company, has announced its acquisition of Farrow, a renowned Canadian customs broker, as part of its growth strategy outlined in Roadmap 2026. Farrow, based in Windsor, Ontario, Canada, boasts a 112-year heritage and employs … Read the full press release

EDF Group Unveils Aggressive Carbon Reduction Targets and Commitment to COP28 Goals

(IN BRIEF) EDF Group, the world’s leading producer of electricity free from direct CO2 emissions, has reaffirmed its commitment to reducing its carbon footprint in alignment with UN guidelines ahead of COP28. The company, which pledged to contribute to carbon … Read the full press release

VDL’s New Generation Citea Electric Bus Exceeds Expectations in ‘the MaxiMile Challenge’

(IN BRIEF) VDL Bus & Coach’s new generation Citea electric bus has demonstrated remarkable performance in ‘the MaxiMile Challenge,’ surpassing expectations. The challenge aimed to validate the promises made regarding the new Citea, known for being an energy-efficient, 100% electric … Read the full press release

Serbian Railways Launch Comprehensive Governance and Performance Improvement Program with EBRD Support

(IN BRIEF) Serbian Railways Infrastructure JSC is embarking on a comprehensive program aimed at enhancing its corporate governance and operational efficiency, backed by the European Bank for Reconstruction and Development (EBRD) and donors. This initiative encompasses three technical assistance projects: … Read the full press release