Category Archives: Business

Business Press Releases & News distributed via EuropaWire

EBRD and EU Collaborate to Boost Armenian MSMEs Through Acba Bank Funding

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are collaborating to enhance access to finance for Armenian micro, small, and medium-sized enterprises (MSMEs) through Acba Bank. The EBRD is providing a loan equivalent … Read the full press release

Public Development Banks Unite for Blue Finance Roadmap to Promote Ocean Protection and Sustainable Use

(IN BRIEF) During the Finance in Common Summit in Cartagena, public development banks, including the AFD, ADB, CAF, CDP, EBRD, EIB, IDB, KfW Development Bank, and BOAD, have committed to collaborating on a Blue Finance Roadmap to address ocean protection … Read the full press release

EIB Delegation Engages in 32nd Economic Forum, Discussing Investments and Sustainability in Central and Eastern Europe

(IN BRIEF) The European Investment Bank (EIB) delegation led by Grzegorz Rabsztyn is participating in the 32nd Economic Forum in Karpacz, Poland. The forum’s theme is “New Values for the Old Continent – Europe on the Threshold of Change.” Discussions … Read the full press release

EIB’s Working Paper Discusses Climate Risks in Latin America and the Caribbean, Banking Sector’s Green Transition Challenges

(IN BRIEF) The European Investment Bank (EIB) has presented a working paper titled “Climate Risks in Latin America and the Caribbean: Are banks ready for the green transition?” at the 2023 Finance in Common Summit in Colombia. The paper highlights … Read the full press release

European Investment Bank Successfully Prices EUR 3 Billion EARN Benchmark Bond

(IN BRIEF) The European Investment Bank (EIB) has priced a new EUR 3 billion 5-year benchmark bond, known as EARN, with a maturity date of November 15, 2028. The bond carries an annual coupon of 3.000% and an issue price … Read the full press release

Boskalis Secures Major Contracts for Cable Transportation and Installation for Poland’s Baltica 2 Offshore Wind Farm

(IN BRIEF) Boskalis has secured two significant contracts for the transportation and installation of export and array cables for the Baltica 2 offshore wind farm located off the coast of Poland. The contracts were awarded by a joint venture between … Read the full press release

Scania Inaugurates Battery Assembly Plant for Serial Production of Premium Electric Vehicles

(IN BRIEF) Scania has celebrated the inauguration of its battery assembly plant at its headquarters in Södertälje, Sweden, marking a significant milestone for the company. This plant’s operations will facilitate the serial production of premium heavy-duty electric vehicles. The battery … Read the full press release

Loughborough University’s ‘Sleep in the City’ Project Explores Effects of Urban Heat on Sleep Quality

(IN BRIEF) A research team at Loughborough University is investigating the effects of extreme weather, particularly the ‘urban heat island’ phenomenon, on sleep quality and well-being through the Sleep in the City project. The research focuses on the impact of … Read the full press release

GRAHAM Construction Secures Multi-Region Slots in Procure Partnerships’ National Contractors Framework 2023

(IN BRIEF) GRAHAM Construction has been appointed to the Procure Partnerships’ National Contractors Framework 2023, covering Construction, Civil Engineering, and Decarbonisation across multiple lots. The framework is structured regionally to ensure local delivery and national governance alignment. GRAHAM has secured … Read the full press release

Skanska Secures $834M Contract for I-405 Corridor Expansion Project in Washington

(IN BRIEF) Skanska has entered into a contract with the Washington State Department of Transportation (WSDOT) to enhance and operationalize a 7.2-kilometer stretch of the I-405 corridor in Bothell, Washington. The contract is valued at USD 834 million (SEK 8.8 … Read the full press release

Henkel’s Montornès Aerospace Plant Earns Airbus Supplier Qualification for Quality and Innovation

(IN BRIEF) Henkel’s aerospace plant in Montornès Del Vallès, Spain, has been recognized as a Standard and Raw Materials Supplier by Airbus. This acknowledgment demonstrates Airbus’s approval of the quality and value of procedures, production, and individual products at the … Read the full press release

Saint-Gobain: Christian Bako Appointed Vice-President of Marketing & Development, Joins Executive Committee to Drive Growth and Innovation

(IN BRIEF) Christian Bako has been appointed as the Vice-President of Marketing & Development and has joined the Executive Committee of Saint-Gobain. He will report to Anne Hardy, Chief Innovation Officer. Bako’s new role involves accelerating growth, promoting innovation, and … Read the full press release

Outokumpu Announces Shareholders’ Nomination Board Members for Board of Directors Composition Proposals

(IN BRIEF) Outokumpu’s Shareholders’ Nomination Board is responsible for proposing the composition of the Board of Directors and director remuneration for the Annual General Meeting. The Nomination Board is comprised of representatives from the four largest shareholders based on the … Read the full press release

Saab Unveils Deployable Giraffe 1X Radar Configuration for Swift Battlefield Operations

(IN BRIEF) Saab has introduced a new configuration for its Giraffe 1X radar, known as the Deployment Set, which offers enhanced transportability, rapid relocation, and quick operational readiness. The innovative radar system, showcased at DSEI 2023, caters to the needs … Read the full press release

Neoenergia Secures Transparency 2023 Trophy, Showcasing Ethical Governance and Financial Clarity

(IN BRIEF) Neoenergia, a prominent integrated energy company in Brazil, has been honored with the Transparency 2023 Trophy by the National Association of Finance, Management and Accounting Executives (Anefac). This prestigious award, received for the third consecutive year, recognizes Neoenergia’s … Read the full press release

Schneider Electric Appoints Gwenaelle Avice-Huet as Executive VP of Europe Operations, Driving Green and Digital Transformation

(IN BRIEF) Schneider Electric, a leader in energy management and industrial automation, has named Gwenaelle Avice-Huet as the new Executive Vice President of Europe Operations, effective September 4, 2023. In her new role, Gwenaelle will oversee Schneider Electric’s business portfolio … Read the full press release

CapMan Infra Expands Northern European Data Centre Platform with Investment in Fuzion

(IN BRIEF) CapMan Infra has made an investment in Fuzion, a Danish data centre colocation provider, marking the company’s second move in creating a northern European data centre platform following its acquisition of Serverius in May 2023. Fuzion, known for … Read the full press release

CapMan Real Estate Completes Transformation of Red Warehouse into Modern Office Space for BCG Denmark

(IN BRIEF) CapMan Real Estate has completed the transformation of the historic Red Warehouse into a modern and distinctive office space, welcoming Boston Consulting Group Denmark (BCG) as its sole tenant. The 140-year-old building has been rebuilt to incorporate state-of-the-art … Read the full press release

Continental Unveils Conti CityPlus Tire for Enhanced Energy Efficiency and UltraContact NXT, the Most Sustainable Series Tire

(IN BRIEF) Continental has introduced its new tire concept, Conti CityPlus, at IAA Mobility in Munich, featuring state-of-the-art technology that enhances tire energy efficiency by up to 10 percent. This innovation contributes to reduced CO2 emissions from combustion engine cars … Read the full press release

Continental and Google Cloud Partner to Integrate Generative AI into Vehicle Computers for Enhanced Driver Interaction

(IN BRIEF) Continental has partnered with Google Cloud to integrate generative Artificial Intelligence (AI) capabilities into vehicle computers, enabling an intuitive and natural interaction between drivers and their cars. This collaboration represents Continental’s effort to bring AI to the vehicle … Read the full press release