Category Archives: Business

Business Press Releases & News distributed via EuropaWire

NIB Supports Lidl Lietuva’s Expansion with €50 Million Loan for New Logistics Centre in Lithuania

(IN BRIEF) The Nordic Investment Bank (NIB) and retail store operator UAB Lidl Lietuva have signed a seven-year EUR 50 million loan agreement for Lidl’s new logistics centre in Vilnius, Lithuania. This facility will enable Lidl to expand its store … Read the full press release

Airbus Launches THEOS-2 Earth Observation Satellite, Enhancing Thailand’s Geo-Information Capabilities

(IN BRIEF) Airbus has successfully launched THEOS-2, an Earth observation satellite, for the Geo-Informatics and Space Technology Development Agency of Thailand (GISTDA) from Europe’s spaceport in French Guiana. This satellite follows the launch of THEOS-1 in 2008 and will provide … Read the full press release

SAP Enhances Spend Management Solutions with AI and User Experience Innovations

(IN BRIEF) SAP has unveiled a series of enhancements to its spend management and business network solutions, incorporating generative AI into category management, introducing the SAP Spend Control Tower with advanced AI features, embedding AI-powered supplier risk assessment, and partnering … Read the full press release

EBRD and Santander Leasing Sign First Synthetic Securitization Deal in Poland, Promoting SME Lending and Green Projects

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has entered into a synthetic securitization agreement and new lending commitment with Santander Leasing, a subsidiary of Santander Bank Polska Group, marking the EBRD’s first capital relief transaction in Poland. … Read the full press release

EIB Grants €150 Million Loan to Cepsa for Over 1,800 Ultra-Fast EV Charging Stations in Spain and Portugal

(IN BRIEF) The European Investment Bank (EIB) has provided a €150 million loan to Cepsa to facilitate the installation of over 1,800 ultra-fast electric vehicle (EV) charging stations at Cepsa service stations in Spain and Portugal. This initiative aligns with … Read the full press release

GSK Forms Exclusive Partnership with Zhifei to Promote Shingrix Vaccine in China

(IN BRIEF) GSK plc has announced an exclusive agreement with Chongqing Zhifei Biological Products, Ltd. (Zhifei) to co-promote GSK’s shingles vaccine, Shingrix, in China for an initial three-year period, with the potential for extension. Zhifei, China’s largest vaccine company by … Read the full press release

Hexagon’s LocLab Launches Cloud Platform for 3D Digital Twins Powered by HxDR

(IN BRIEF) LocLab, a part of Hexagon, has unveiled LocLab Cloud, a cloud-based platform powered by HxDR, designed to provide a secure end-to-end solution for 3D digital twins. This platform enables the management and monitoring of digital twin models and … Read the full press release

Ericsson Launches Gen-E Graduate Program in Middle East and Africa to Nurture ICT Talent

(IN BRIEF) Ericsson has introduced the Gen-E Graduate Program in the Middle East and Africa region, aimed at offering young talents an opportunity for world-class learning and career development. This program is designed to provide structured development in collaboration with … Read the full press release

EQT Strengthens Healthcare Team with Key Partner Appointments in London

(IN BRIEF) EQT, a prominent investment firm, welcomes Maarten de Jong and Mark Braganza as new Partners to its Healthcare team, based in London. EQT, with a 30-year history of investing in healthcare companies, supports companies across various growth stages … Read the full press release

Rheinmetall Showcases PATH Autonomous Kit for Vehicle Autonomy at AUSA Expo

(IN BRIEF) Rheinmetall is highlighting its PATH Autonomous Kit (A-Kit) at the AUSA Annual Meeting & Exposition, demonstrating its capability to transform various vehicle platforms into autonomous vehicles. The system is being showcased on an M5 Ripsaw RCV equipped with … Read the full press release

Vodafone and Orange’s Rural 4G Open RAN Trial in Romania Marks Progress in Open RAN Collaboration

(IN BRIEF) Vodafone and Orange have achieved a significant milestone by successfully conducting a pilot project involving real 4G calls over shared commercial network sites in rural Romania, utilizing Open Radio Access Network (RAN) technology. This achievement follows their joint … Read the full press release

Open RAN Revolution: Vodafone and Nokia Lead Italy’s Digital Autonomy Drive

(IN BRIEF) Vodafone and Nokia have announced plans to launch Italy’s first commercial 5G Open Radio Access Network (RAN) pilot, signaling a strengthening of their partnership. This initiative aims to create an open platform for independent software providers, startups, and … Read the full press release

Paperless Revolution: Lloyds Bank Digitizes Guarantees and Standby Letters of Credit

(IN BRIEF) Lloyds Bank has introduced a revolutionary “Paperless Guarantee” initiative, enabling clients to request digital Direct Guarantees or Standby Letters of Credit for more efficient, secure, and environmentally friendly trade transactions. This initiative follows Lloyds Bank’s success in pioneering … Read the full press release

Leadership Transition at Vattenfall: Martijn Hagens to Head Business Area Markets

(IN BRIEF) Martijn Hagens has been appointed as the new Senior Vice President and Head of Business Area Markets at Vattenfall, a major European energy company. He will succeed Anna-Karin Stenberg, who is leaving the company later this year. Martijn … Read the full press release

Rheinmetall Showcases Cutting-Edge Military Technologies at AUSA Annual Meeting

(IN BRIEF) Rheinmetall and its partners are set to unveil a range of advanced military technologies at the AUSA Annual Meeting & Exposition, held in Washington, DC from October 9-11. These innovations include the M109-52 Self-Propelled Howitzer prototype with enhanced … Read the full press release

DNV Grants Approval in Principle to Hanwha Ocean for Innovative 270,000cbm LNG Carrier

(IN BRIEF) DNV, a classification society, has awarded Hanwha Ocean an Approval in Principle (AiP) for their groundbreaking 270,000cbm LNG carrier design. This innovative LNG carrier, measuring 345 meters in length and featuring a breadth (moulded) of 55 meters, is … Read the full press release

Scania Introduces High-Range Battery-Electric Bus Platform with Over 500 km Range

(IN BRIEF) Scania has unveiled its new battery-electric bus platform at Busworld, featuring low-entry 4×2 buses equipped with sustainably sourced and built batteries with an impressive energy storage capacity of up to 520 kWh. Developed specifically for heavy commercial vehicles, … Read the full press release

TotalEnergies Surpasses 1,000 High-Power Chargers for Electric Vehicles in France, Becomes No.1 in Ultra-Fast Charging

(IN BRIEF) TotalEnergies has achieved a significant milestone in electric mobility by installing and operating over 1,000 high-power chargers (HPC) for electric vehicles across France, making it the leading player in ultra-fast charging on the country’s motorways and expressways. As … Read the full press release

Neste, ISCC, and DHL Collaborate to Enhance Transparency in Sustainable Aviation Fuel Emission Reduction Reporting

(IN BRIEF) Neste, ISCC, and DHL Group have partnered to develop and pilot the ISCC Credit Transfer System, a registry-based system that enables transparent and credible reporting of emission reductions achieved through the use of sustainable aviation fuel (SAF). The … Read the full press release

DHL Group Completes Acquisition of Turkish Parcel Delivery Company MNG Kargo, Boosting E-commerce Logistics

(IN BRIEF) DHL Group has successfully finalized its acquisition of MNG Kargo Yurtiçi ve Yurtdışı Taşımacılık A.Ş. (MNG Kargo) and its subsidiaries, following approvals from the Turkish Competition Authority and the Turkish Information and Communications Technologies Authority. MNG Kargo, a … Read the full press release