Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

UK Sees Sharp Rise in People Living Below Minimum Income Standard, Warning for Policy Action

(IN BRIEF) A new report by Loughborough’s Centre for Research in Social Policy (CRSP) shows that 35.9% of the UK population, equating to 24 million people, now live below the Minimum Income Standard (MIS). This marks a significant rise from … Read the full press release

Garanti BBVA Sets Ambitious Goals for 2025 While Navigating Economic Uncertainty

(IN BRIEF) Garanti BBVA’s CEO, Mahmut Akten, shared the bank’s strategic priorities and 2025 goals during a meeting with Turkish media, discussing the global and local economic landscape. Despite global uncertainties, Akten expressed confidence in Türkiye’s economic program and the … Read the full press release

Venture Capital Trends Shift as Climate Tech Faces Increased Competition and Cybersecurity, AI Gain Momentum

(IN BRIEF) The venture capital landscape is evolving as priorities shift, with climate technology losing some of its earlier momentum while sectors like cybersecurity, artificial intelligence, and defense see increased investment interest. Young businesses focused on these areas are expected … Read the full press release

Deutsche Bank Celebrates Record Success with Key Awards in APAC Debt Financing and Sustainable Finance

(IN BRIEF) Deutsche Bank has received significant recognition in the Asia Pacific region, including being named Asia’s High-Yield Bond House of the Year by IFR. The bank’s commitment to innovation and sustainable finance solutions was further demonstrated through 14 wins … Read the full press release

FTSE Russell Expands ESG Indices Globally with Launch of FTSE Blossom World Index Series

(IN BRIEF) FTSE Russell has unveiled the FTSE Blossom World Index Series, an extension of its successful FTSE Blossom Japan Index. Designed to meet growing investor demand, the new indices offer a global platform to assess companies based on their … Read the full press release

KfW IPEX-Bank Extends EUR 50 Million Loan to Kölner Verkehrs-Betriebe for Sustainable Public Transport Investments

(IN BRIEF) KfW IPEX-Bank has granted Kölner Verkehrs-Betriebe (KVB), a subsidiary of Stadtwerke Köln, a EUR 50 million loan to fund the transition towards more sustainable public transportation. The investment will support the acquisition of electric buses and the development … Read the full press release

UAE-France High-Level Business Council Strengthens Economic Cooperation at Third Meeting

(IN BRIEF) At the third meeting of the UAE-France High-Level Business Council in Paris, strategic partnerships were formed to enhance collaboration in energy, renewable energy, infrastructure, and artificial intelligence. The event, co-chaired by H.E. Dr. Sultan Al Jaber and Patrick … Read the full press release

Hong Kong’s Digital Asset Ecosystem Set to Grow with New Joint Venture for Stablecoin Issuance

(IN BRIEF) Standard Chartered Bank (Hong Kong), Animoca Brands, and HKT have launched a joint venture to apply for a license from the Hong Kong Monetary Authority to issue a Hong Kong dollar-backed stablecoin. This collaboration leverages SCBHK’s banking infrastructure, … Read the full press release

EIB Partners with One World Media to Support Women’s Solutions Reporting Award

(IN BRIEF) The European Investment Bank (EIB) and One World Media (OWM) continue their partnership for the Women’s Solutions Reporting Award, recognizing media coverage that highlights the role of women in addressing global challenges. This award, part of the 2025 … Read the full press release

Barclays Appoints Vijay Shankar U.S. and Amaar Khan to Strengthen Corporate Bank in APAC & ME

(IN BRIEF) Barclays has appointed Vijay Shankar U.S. as Managing Director, Head of Global Transaction Banking, and Amaar Khan as Managing Director, CIO & Head of Corporate Banking Technology for its APAC and ME operations. Both will be based in … Read the full press release

EIF Launches €200M Green Private Credit Fund to Drive Sustainability and Support Women Entrepreneurs in Europe

(IN BRIEF) The European Investment Fund (EIF) has launched the Green Private Credit fund, aimed at advancing Europe’s green transition and decarbonizing small and medium-sized enterprises (SMEs). The fund, with a target size of EUR 200 million, will generate up … Read the full press release

EIB, EIF, and Santander Bank Polska Partner to Drive €5 Billion in Funding for Polish SMEs with Focus on Gender Equality

(IN BRIEF) The European Investment Bank (EIB), the European Investment Fund (EIF), and Santander Bank Polska have joined forces to launch a new synthetic securitisation agreement aimed at bolstering support for small and medium-sized enterprises (SMEs) in Poland, particularly those … Read the full press release

EIB Invests €15 Million to Support SME Growth and Gender Inclusion in Africa through IPAE 3 Fund

(IN BRIEF) The European Investment Bank (EIB) has committed €15 million to the I&P Afrique Entrepreneurs 3 (IPAE 3) fund, aimed at supporting small and medium-sized enterprises (SMEs) across Africa. The initiative, which focuses on key sectors like agriculture, health, … Read the full press release

EIB and Malta’s Ministry for Finance Sign €130 Million Agreement to Boost Sustainable Growth and Innovation

(IN BRIEF) The EIB has signed a €130 million agreement with the Maltese government, marking the first tranche of a €260 million financing package aimed at co-financing key EU-backed projects. The funding will support various sectors including healthcare, digital innovation, … Read the full press release

EIB and BNP Paribas Partnership to Drive €8 Billion Investment in Europe’s Wind Energy Sector

(IN BRIEF) BNP Paribas and the European Investment Bank (EIB) have announced a partnership to inject up to €8 billion into the European wind energy sector. With a €500 million counter-guarantee from the EIB, BNP Paribas will back wind farm … Read the full press release

Vienna Insurance Group Study Highlights Risk Awareness Gaps Among Young People and Pushes for Improved Education

(IN BRIEF) A study commissioned by Vienna Insurance Group (VIG) reveals significant gaps in risk awareness among young people aged 18-29, who are more prone to taking risks without fully understanding their potential consequences. The study, conducted across nine countries, … Read the full press release

Crédit Agricole Italia Appoints Hugues Brasseur as New CEO, Giampiero Maioli to Become Chairman

(IN BRIEF) On February 12, 2025, Crédit Agricole Italia’s Board of Directors appointed Hugues Brasseur as the new CEO, effective after the General Meeting on April 23, 2025, where he will also be nominated Managing Director. He will replace Giampiero … Read the full press release

DPG Media Partners with EIB for €120 Million Loan to Drive Digital Transformation

(IN BRIEF) DPG Media Group has secured a €120 million loan from the European Investment Bank (EIB) as part of its ongoing digital transformation, which involves investing €392 million in the period 2024-2026. The loan will help accelerate the company’s … Read the full press release

EIB and Santander Partner to Unlock €8 Billion for Europe’s Wind Energy Industry

(IN BRIEF) The European Investment Bank (EIB) and Santander have signed a €500 million counter-guarantee agreement, allowing Santander to create a portfolio of guarantees worth up to €1 billion. This agreement is expected to unlock €8 billion in investments to … Read the full press release

EIB Global, UNDP, and EU Delegation Drive Green Transition Financing in Serbia

(IN BRIEF) EIB Global, alongside the UNDP, the EU Delegation to Serbia, the Ministry of Environmental Protection, and the Association of Serbian Banks, co-hosted a conference to promote green transition financing in Serbia. The event emphasized the importance of establishing … Read the full press release