Category Archives: Business

Business Press Releases & News distributed via EuropaWire

EBRD, EU, and Elec’Recyclage Inaugurate State-of-the-Art Waste Recycling Facility in Tunisia

(IN BRIEF) EBRD, EU, and Elec’Recyclage have inaugurated a new industrial waste recycling facility in Tunisia. Elec’Recyclage Tunisie received a €1.1 million loan from EBRD and an €85,000 grant from the EU for the construction of the facility. The investment … Read the full press release

Azimut’s Diversified Corporate Credit ESG-8 Fund Secures €30 Million Investment from EIF

(IN BRIEF) The European Investment Fund (EIF), with support from the InvestEU program, has committed €30 million as a cornerstone investor in the Azimut Diversified Corporate Credit ESG-8 fund. The fund, managed by Azimut Investments SA, aims to reach a … Read the full press release

InvestEU-backed Partnership to Stimulate SME Growth and Digitalization in Slovenia

(IN BRIEF) The European Investment Fund (EIF) and SID Bank have signed a guarantee agreement worth €42 million to unlock €72 million in new loans for micro, small, and medium-sized enterprises (SMEs) in Slovenia. The agreement, backed by InvestEU, will … Read the full press release

EIB and Grupo Cooperativo Cajamar Boost Access to Finance for Spanish Rural Enterprises and Green Initiatives

(IN BRIEF) The European Investment Bank (EIB) and Grupo Cooperativo Cajamar have announced a partnership to provide €980 million in new financing to small and medium-sized enterprises (SMEs) and mid-caps in rural areas and green projects in Spain. The EIB … Read the full press release

Telekom Teams Up with Ivanti to Strengthen Cybersecurity Solutions for Businesses

(IN BRIEF) Telekom has partnered with security specialist Ivanti to provide companies with an enhanced cybersecurity solution. Ivanti’s advanced software automatically detects and addresses security vulnerabilities, allowing customers to save valuable time when applying patches. With the increasing number of … Read the full press release

Experienced Leader Wolfgang Metze Joins Deutsche Telekom as MD of Private Customers

(IN BRIEF) Wolfgang Metze has been appointed as the new Managing Director of Private Customers at Deutsche Telekom in Germany, starting from August 1, 2023. He will join the Telekom Deutschland management team and report directly to Srini Gopalan, Board … Read the full press release

EBRD and Tunisian Investment Authority Launch Digital Investment Platform to Boost Tunisia’s Investment Ecosystem

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Tunisian Investment Authority (TIA) have introduced a digital national investment platform in Tunisia. The platform aims to improve the investment ecosystem by providing automated digital services, enhancing the … Read the full press release

SCA Implements Voith’s Digital Solutions to Enhance Efficiency of XcelLine PM 2 Paper Machine

(IN BRIEF) SCA, a prominent paper manufacturer, has successfully implemented Voith’s digital and automation solutions to optimize production efficiency on its XcelLine PM 2 paper machine. The high-performance machine, commissioned by Voith at SCA’s Obbola site, produces 725,000 tons of … Read the full press release

Voith to Lead Rebuild of DS Smith’s PM 4 Paper Machine in Portugal for Enhanced Production

(IN BRIEF) DS Smith, a global manufacturer of sustainable containerboard and specialty papers, has chosen Voith for the rebuild of its PM 4 paper machine at the Viana site in Portugal. The mill is a market leader in Southern Europe, … Read the full press release

TÜV Rheinland Enhances UK Textile Testing Services with New Fibre Composition Analysis Lab

(IN BRIEF) TÜV Rheinland, a leading testing and certification company, has opened a new textile testing laboratory in Derbyshire, UK. The facility offers a range of services including Fibre Composition Analysis, colour fastness testing, and physical and mechanical testing. It … Read the full press release

Novo Nordisk’s Bid for BIOCORP Set at 35.00 Euros per Share, Totaling 154 Million Euros

(IN BRIEF) Novo Nordisk A/S is in exclusive negotiations to acquire a controlling stake in BIOCORP Production SA, a French company specializing in medical device design and manufacturing. The acquisition would be followed by a mandatory tender offer for all … Read the full press release

Kuehne+Nagel Expands Perishables Logistics Services with Acquisition of Morgan Cargo

(IN BRIEF) Kuehne+Nagel, a global logistics and supply chain solutions provider, has announced its agreement to acquire Morgan Cargo, a prominent freight forwarder specializing in perishable goods transportation in South Africa, the UK, and Kenya. Morgan Cargo managed over 40,000 … Read the full press release

Abu Dhabi Welcomes First Annual Meeting of Global XR Management Community, Hosted by INSEAD

(IN BRIEF) INSEAD, a leading business school, hosted the first Annual Meeting of the Global XR Management Community with support from the Abu Dhabi Department of Education and Knowledge (ADEK). The event brought together 42 academics from 24 international institutions … Read the full press release

SSAB and Fortum Collaborate on FEED Study for Fossil-Free Sponge Iron Production in Finland

(IN BRIEF) Steel manufacturer SSAB and energy company Fortum are collaborating on a FEED (Front-End Engineering Design) study to investigate the potential for producing hydrogen-reduced sponge iron on an industrial scale in Raahe, Finland. This initiative is an extension of … Read the full press release

Increasing Popularity of MAN Lion’s City E: MAN Truck & Bus Leads the Transition to E-Mobility

(IN BRIEF) MAN Truck & Bus is driving the transition to sustainable mobility with its popular all-electric city buses, the MAN Lion’s City E. These buses have gained popularity across Europe for their reliability, range, and comfort. More public transport … Read the full press release

Bayer and Acuitas Therapeutics Join Forces for Targeted Gene Editing Delivery

Not intended for U.S. and UK Media (IN BRIEF) Bayer AG has partnered with Acuitas Therapeutics, Inc. to enhance its gene therapy portfolio. Acuitas’ lipid nanoparticle (LNP) delivery technology will enable targeted and efficient delivery of gene editing RNA components … Read the full press release

Multilateral Development Banks Collaborate on Circular Economy Transition at WCEF 2023

(IN BRIEF) Multilateral Development Banks (MDBs) including the AfDB, EBRD, EIB, IDB, and World Bank met at the World Circular Economy Forum (WCEF) 2023 in Helsinki to discuss the circular economy for the first time. They emphasized the role of … Read the full press release

SSAB’s Oxelösund Mill to Lead Fossil-Free Steel Production Following Investment Decision

(IN BRIEF) SSAB, a leading steel producer, has made an investment decision for the green transformation of its Oxelösund mill in Sweden. This decision marks a significant step towards SSAB’s goal of producing steel without carbon emissions. The investment will … Read the full press release

Innovative Partnership: Ahlstrom and Terre de Couleur Unveil Biodegradable Hair Cap

(IN BRIEF) Ahlstrom and Terre de Couleur have partnered to introduce a biodegradable and reusable hair cap made from fiber-based materials as an eco-friendly alternative to traditional plastic caps. The cap, utilizing Ahlstrom’s Genuine Vegetable Parchment (GVP) paper, is composed … Read the full press release

Heineken Announces Leadership Changes: Stacey Tank to Depart, Joanna Price to Assume Chief Corporate Affairs Role

(IN BRIEF) Stacey Tank, Chief Transformation and Corporate Affairs Officer at Heineken N.V., has decided to leave the company to rejoin her family in the United States due to her child’s illness. Her role will be taken over by Joanna … Read the full press release