Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Volkswagen aims to offer widest electric range in Europe with 10 new ID. models by 2026

(IN BRIEF) Volkswagen is set to unveil its latest all-electric flagship model, the ID.7, on Monday, April 17th, with a global premiere scheduled to take place simultaneously in Europe, China, and the US. The new model, positioned at the top … Read the full press release

Programa respaldado por InvestEU para beneficiar a microempresas en Lituania, Letonia y Polonia con préstamos de hasta 50 000 EUR

(NOTICIA EN BREVE) El Fondo Europeo de Inversiones (FEI) ha firmado un acuerdo de garantía de cartera con Noviti Finance para prestar casi 47 millones de euros a microempresas en Lituania, Letonia y Polonia en condiciones preferenciales. La garantía del … Read the full press release

InvestEU-backed programme to benefit micro-enterprises in Lithuania, Latvia and Poland with up to €50,000 loans

(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee agreement with Noviti Finance to lend almost €47 million to micro-businesses in Lithuania, Latvia, and Poland on preferential terms. The EIF guarantee is provided under the European Union’s … Read the full press release

illimity Bank digital arm b-ilty per finanziare le PMI italiane nel nuovo accordo BEI

(NOTIZIA IN BREVE) La Banca europea per gli investimenti (BEI) ha firmato un accordo da 200 milioni di euro con illimity Bank per fornire finanziamenti alle piccole e medie imprese (PMI) in Italia. Le due banche mobiliteranno 100 milioni di … Read the full press release

illimity Bank’s digital arm b-ilty to provide funding for Italian SMEs in new EIB deal

(IN BRIEF) The European Investment Bank (EIB) has signed a €200m deal with illimity Bank to provide funding to small and medium-sized enterprises (SMEs) in Italy. The two banks will mobilize €100m each in 2023 to ensure that SMEs have … Read the full press release

Siemens Smart Infrastructure expands medium voltage portfolio with new solution for fast fault location and grid transparency

(IN BRIEF) Siemens Smart Infrastructure has launched new solutions for sustainable and smart medium voltage switchgear. The SIBushing, a sustainable and intelligent solution for smart switchgear, is designed to provide transparency and high-precision measurement of distribution systems while consuming significantly … Read the full press release

Siemens and Microsoft demonstrate AI-powered factory automation at Hannover Messe

(IN BRIEF) Siemens and Microsoft are partnering to integrate Siemens’ Teamcenter software with Microsoft’s collaboration platform Teams and Azure AI capabilities. The goal is to enhance cross-functional collaboration and utilize generative AI to drive innovation and efficiency across the design, … Read the full press release

BASF’s Swiss and US manufacturing sites receive ISCC PLUS certification for plastic additives

(IN BRIEF) BASF has received the International Sustainability and Carbon Certification (ISCC) PLUS for certain grades of plastic additives produced at its manufacturing sites in Switzerland and the United States. This certification allows BASF to offer more sustainable grades of … Read the full press release

DNV verifies Salmon Evolution’s alignment towards sustainability framework for green loan

(IN BRIEF) Norwegian land-based salmon farming company, Salmon Evolution, has secured a NOK 1.55 million green debt financing package, which is expected to provide sufficient financial runway and buffer to refinance phase 1 and finance early phase 2 at Indre … Read the full press release

PNE AG to Expand Wind Farm Capacity to 207 Megawatts

(IN BRIEF) Renewable energy company PNE AG is expanding its wind farm portfolio to generate more electricity. Currently, wind farms with a capacity of 207 megawatts are in various stages of development across Germany and France, and are expected to … Read the full press release

STFC’s Higgs Centre supports AI, robotics and Earth observation firms

(IN BRIEF) The Higgs Centre, part of the Science and Technology Facilities Council (STFC) in Edinburgh, has provided over £10m in investment to start-ups since its opening in 2018, creating over 100 jobs. The Higgs Centre focuses on supporting businesses … Read the full press release

NAGRA’s forensic watermarking integrated into QTAKE’s video assist tool for movie and TV production

(IN BRIEF) NAGRA, a subsidiary of the Kudelski Group, has announced the integration of NAGRA NexGuard QuickMark forensic watermarking into QTAKE’s video assist collaboration solutions to protect live video and playback during movie and TV production. This integration marks the … Read the full press release

Rheinmetall’s Castings Unit Secures Order for Hybrid Vehicle Engine Blocks

(IN BRIEF) Rheinmetall’s Materials and Trade division has secured an order from Shanghai Automotive Industry Corporation (SAIC) to produce over 500,000 engine blocks for a hybrid vehicle worth a figure in the mid-double-digit million-euro range. The Castings business unit of … Read the full press release

Continental’s Changzhou plant to add 13 million m2 of high-performance composite surface materials

(IN BRIEF) Continental, a technology company, has announced the beginning of Phase III expansion of its joint venture in China with Jiangsu Changshun Group. The project will include the construction of new plant buildings, raw material warehouses, public and auxiliary … Read the full press release

Continental introduces child-presence-detection feature to its digital access system for passenger safety

(IN BRIEF) Technology company Continental has announced the addition of a Child-Presence-Detection (CPD) function to its digital access system, CoSmA, in order to further enhance passenger safety. The CPD function uses ultra-wideband (UWB) technology to detect the presence of children … Read the full press release

France and Netherlands Sign MoU to Strengthen Technological Capacity and Autonomy in EU

(IN BRIEF) The French Alternative Energies and Atomic Energy Commission (CEA) and Dutch Organisation for Applied Scientific Research (TNO) have signed a Memorandum of Understanding (MoU) to strengthen their collaboration in research and innovation. The agreement aims to enhance the … Read the full press release

Saab signs contract for support and maintenance services for JAS 39 Gripen C/D fighter aircraft

(IN BRIEF) Swedish defence company Saab has signed a contract with the Swedish Defence Materiel Administration for support and maintenance services for the JAS 39 Gripen C/D fighter aircraft. The order is valued at SEK 308m ($35.3m) and includes development, … Read the full press release

Loughborough University expands research and teaching partnerships with Symbiosis International University in India

(IN BRIEF) Loughborough University in the UK has signed a Memorandum of Understanding with Symbiosis International University (SIU) in India, which is one of the country’s leading private universities. The agreement follows initial discussions that took place during a Vice-Chancellor’s … Read the full press release

Škoda Museum Restores Rare Škoda Hispano-Suiza for Techno Classica Trade Fair

(IN BRIEF) Škoda Museum to Showcase Rare Škoda Hispano-Suiza 25/100 KS at Techno Classica Trade Fair in Essen. The Škoda Hispano-Suiza 25/100 KS was one of the world’s most advanced cars at the time, and Škoda Museum has restored a … Read the full press release

Clearstream Launches New Bank in Luxembourg for Institutional Fund Investors

(IN BRIEF) Clearstream has launched a new bank called Clearstream Fund Centre S.A. in Luxembourg, which will provide services to institutional fund investors. The new entity operates under a commercial banking license and will be an important part of Deutsche … Read the full press release