Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Bentley Expands ‘Extraordinary Women’ Programme, Inspiring Female Talent in STEM and Automotive

(IN BRIEF) Bentley’s global initiative, the ‘Extraordinary Women’ programme, continues to grow with the selection of exceptional students from the United Kingdom and Saudi Arabia. Aimed at inspiring the next generation of female talent in technology, engineering, design, and business, … Read the full press release

BASF Launches Carbon-Neutral UV Acrylic Hotmelt AcResin® for Sustainable Adhesives

(IN BRIEF) BASF, a leading chemical company, has introduced a range of UV acrylic hotmelt products called acResin®, which have a cradle-to-gate product carbon footprint (PCF) of zero kg CO2e/kg. The new offerings, including acResin® ZeroPCF A 260 UV, A … Read the full press release

Barclays Supports Moray West Offshore Wind Farm, Paving the Way for Scotland’s Renewable Energy Goals

(IN BRIEF) Barclays has provided a £95.5 million loan to Moray West, an offshore wind farm development in the Moray Firth, Scotland. The project aims to supply 50 percent of Scotland’s electricity, powering approximately 1.33 million homes and reducing CO2 … Read the full press release

Aegon Completes Consolidation with a.s.r., Becomes Second-Largest Insurance Company in the Netherlands

(IN BRIEF) Aegon has announced the successful completion of its consolidation with a.s.r., combining its Dutch pension, life and non-life insurance, banking, and mortgage origination activities. In exchange for the consolidation, Aegon received EUR 2.2 billion in cash and a … Read the full press release

NatWest Group Urges Collaboration for Advancing Open Banking and Overcoming Economic Challenges, According to Oxera Report

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) NatWest Group has commissioned a report by Oxera, an economics and finance consultancy firm, on the potential of Open Banking. The report highlights the economic obstacles hindering the wider adoption of Open Banking and the development of innovative … Read the full press release

Strategic Mergers Pay Off: Polish ORLEN Gains Momentum with Austrian Fuel Station Expansion

(IN BRIEF) ORLEN, following its mergers with Grupa LOTOS and PGNiG, is set to acquire 266 fuel stations in Austria, operating under the Turmöl brand. This acquisition will make ORLEN one of the top three fuel networks in Austria, with … Read the full press release

Rheinmetall, Northrop Grumman, and Lockheed Martin Forge Partnership for Ultramodern F-35A Production Facility in Weeze, Germany

(IN BRIEF) Rheinmetall, in partnership with Northrop Grumman and Lockheed Martin, is planning to construct a cutting-edge factory in Weeze, Germany, for the production of fuselage sections for the F-35A Lightning II aircraft. The facility will produce at least 400 … Read the full press release

SEB Outperforms Competitors to Become No. 1 FX Bank in the Nordics

(IN BRIEF) SEB, a leading Nordic bank, has been rated as the best foreign exchange (FX) bank in the region according to Prospera’s survey, Foreign Exchange Nordics 2023. SEB’s top ranking reflects its dedication, proactivity, and strong customer focus. Despite … Read the full press release

Alfa Laval and Partners Collaborate to Develop High-Capacity Hydrogen Refuelling Stations for Heavy-Duty Vehicles

(IN BRIEF) Alfa Laval, along with eight other industrial companies, is partnering to develop high-capacity hydrogen refuelling stations for heavy-duty vehicles as part of the EU’s HORIZON Europe funding program. The project aims to support the transition of the transportation … Read the full press release

Financial Markets Association Urges Balanced Approach in Sustainability Due Diligence Directive Talks

(IN BRIEF) The Association for Financial Markets in Europe (AFME) has released a position paper urging negotiators to address important issues in the Corporate Sustainability Due Diligence Directive (CSDDD) proposal. As trilogue negotiations take place, AFME calls for a practical … Read the full press release

Continental Tires Releases White Paper on Efficient and Sustainable Fleet Management

(IN BRIEF) Continental Tires has released a white paper titled “Efficient Fleet Management – Digital, Connected, and Sustainable,” addressing the challenges faced by vehicle fleets in Europe. The paper emphasizes the importance of sustainability and digitalization in fleet management. With … Read the full press release

Saab Secures SEK 400 Million Order for Carl-Gustaf M4 Weapons from Australia

(IN BRIEF) Saab, a leading defense and security company, has received a SEK 400 million order from the Australian Department of Defence for additional Carl-Gustaf M4 weapons. The order includes deliveries of the weapons equipped with Saab’s new Fire Control … Read the full press release

Loughborough’s Hub for Skills Training and Business Support Relaunches with Town Deal Funding

(IN BRIEF) The Careers and Enterprise Hub in Loughborough has relaunched after receiving additional funding from the Loughborough Town Deal. The hub, managed by advisors from Loughborough University and Loughborough College, celebrated its reopening by hosting a recruitment fair that … Read the full press release

Groupe Figaro in Exclusive Talks to Acquire Gala Magazine from Vivendi’s Prisma Media

(IN BRIEF) Vivendi has announced that its subsidiary, Prisma Media, is in exclusive negotiations with Groupe Figaro for the sale of Gala magazine. The sale is a requirement for the European Commission’s approval of Vivendi’s combination with the Lagardère group. … Read the full press release

EIF Provides €3 Million Loan to Patria Credit to Expand Access to Finance for Romanian Micro-Farms

(IN BRIEF) The European Investment Fund (EIF) has signed a €3 million subordinated loan agreement with Patria Credit IFN to support micro-farms and expand access to finance in Romania. The transaction, backed by InvestEU, aims to help Patria Credit reach … Read the full press release

EIF Commits €25 Million to Radix Ventures to Bridge Funding Gap for Central and Eastern Europe’s Deep Tech Entrepreneurs

(IN BRIEF) The European Investment Fund (EIF) is investing €25 million in Radix Ventures, a deep tech venture capital fund based in Central and Eastern Europe. The investment aims to address the funding gap for deep tech founders in the … Read the full press release

European Investment Fund Partners with EIB and ICO to Boost Spanish SMEs and Promote Green Projects

(IN BRIEF) The European Investment Fund (EIF), a part of the EIB Group, has joined forces with the European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) to invest in asset-backed securities (ABS) issued by BBVA. This collaborative … Read the full press release

Spanish SMEs to Benefit from EIB and ICO Investments in BBVA ABS, Focusing on Green Development

(IN BRIEF) The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) have invested in asset-backed securities (ABS) issued by BBVA to support Spanish small and medium-sized enterprises (SMEs) and mid-caps. The investment aims to address working capital … Read the full press release

Shanghai Chemical Industry Park Expands Green Infrastructure with SUEZ’s Hazardous Waste Project

(IN BRIEF) SUEZ has successfully commissioned the SCIP Anyo project, a hazardous waste disposal initiative in Shanghai Chemical Industry Park (SCIP). With an investment of RMB 450 million, the project increases SUEZ’s hazardous waste treatment capacity from 120,000 to 160,000 … Read the full press release

GRAHAM’s Nelson Street Project Nears Completion as Topping Out Ceremony Celebrated

(IN BRIEF) The construction team from GRAHAM has reached a significant milestone in the development of the Nelson Street student accommodation project in Belfast. The 12-storey complex, set to become one of the largest student accommodation complexes in Northern Ireland, … Read the full press release