Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Allianz Teams Up with Football Star Harry Kane as Global Brand Ambassador

(IN BRIEF) Allianz has partnered with football star Harry Kane, naming him as their global brand ambassador. Kane, known for his football prowess and advocacy for mental health, will collaborate with Allianz on marketing initiatives aimed at inspiring the next … Read the full press release

EIB Funds €435 Million to Stora Enso for Sustainable Packaging Transformation in Oulu

(IN BRIEF) The European Investment Bank (EIB) is extending a €435 million credit to Stora Enso to upgrade its Oulu manufacturing site for producing eco-friendly, fiber-based packaging for food and personal care products. This investment aims to reduce plastic reliance … Read the full press release

EIB and Poste Italiane Partner for €450 Million Investment to Enhance Digital and Sustainable Logistics

(IN BRIEF) The European Investment Bank (EIB) and Poste Italiane have signed a €450 million finance contract to modernize and digitalize Poste Italiane’s logistics and postal services. This funding will be used to establish new automated parcel sorting centers, including … Read the full press release

Creas Impacto II Targets €70 Million with Backing from EIF, ICO, Carasso Foundation, and Private Investors

(IN BRIEF) Creas Impacto II, supported by EIF, ICO, the Carasso Foundation, and private investors, targets a €70 million fund size under the InvestEU program. The fund, managed by CREAS, focuses on investing in about 12 growth-stage companies in Spain … Read the full press release

Germany’s Urban Heat Transition: E.ON Maps Path to Climate Neutrality

(IN BRIEF) Germany aims for climate neutrality by 2045, focusing on transforming heating systems in major cities like Berlin, Hamburg, Munich, and Cologne. E.ON’s latest data highlights the prevalence of district heating and the adoption of heat pumps, alongside challenges … Read the full press release

Vodafone Business and LSE Report Highlights Trust Gap Between Businesses and Customers

(IN BRIEF) A joint study by Vodafone Business and the London School of Economics has uncovered a significant “Trust Gap” between businesses and their customers, averaging 11 percentage points across global markets. This gap highlights businesses’ underestimation of the importance … Read the full press release

SIX and Avaloq Collaborate to Launch Independent Valuation Service for Financial Instruments

(IN BRIEF) SIX and Avaloq have jointly launched the Independent Valuation Service for financial instruments, addressing the global need for impartial end-of-day valuations. This service, accessible via the CONNEXOR API, supports asset managers, custodians, and financial institutions in client reporting, … Read the full press release

CNP Seguradora Secures Exclusive 20-Year Distribution Deal with Banco de Brasília

(IN BRIEF) CNP Seguradora, a subsidiary of CNP Assurances in Brazil, has signed a significant 20-year agreement with Banco de Brasília (BRB) for the exclusive distribution of consortium and capitalization products. This partnership aims to bolster CNP Assurances’ expansion strategy … Read the full press release

MWB AG Rings in New Era with Vienna Stock Exchange Listing

(IN BRIEF) MWB AG, a German company specializing in luxury watch trading across the DACH region, celebrated a significant achievement today as it commenced trading on the Vienna Stock Exchange’s direct market plus segment. With NuWays AG acting as underwriter … Read the full press release

EIB Commits $350 Million to Boost Private Sector Growth in North Africa

(IN BRIEF) The European Investment Bank (EIB) has pledged support for a new $350 million regional private sector investment fund managed by SPE Capital, focusing on Egypt, Tunisia, and Morocco. Aimed at fostering growth in key sectors like healthcare and … Read the full press release

EIB Funds voestalpine’s Green Steel Initiative with €300 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has allocated a €300 million loan to voestalpine AG, Europe’s third-largest steelmaker, to support a four-year research and development initiative aimed at enhancing sustainability and reducing carbon emissions. Key focuses include optimizing manufacturing … Read the full press release

EIB and Banca Etica Partner to Drive €165 Million Investments in Italy’s Social Economy

(IN BRIEF) The European Investment Bank (EIB) and Banca Etica have signed a €60 million agreement to stimulate €165 million in investments across Italy. The initiative aims to support women-led SMEs, improve services for refugees, and boost economic development in … Read the full press release

EBRD Report: CESEE Non-Performing Loans Stable Amid Economic Uncertainty

(IN BRIEF) The latest NPL Monitor report by the EBRD reveals that non-performing loans (NPLs) in the CESEE region remained stable despite economic uncertainties. While NPL volumes increased marginally, the overall NPL ratio held steady at 2.1%, indicating resilience in … Read the full press release

EIB and Cepsa Partner on €285 Million Biofuels Plant to Boost Energy Security and Decarbonisation

(IN BRIEF) The European Investment Bank (EIB) has allocated a €285 million loan to Cepsa for the development of an advanced biofuels plant in Andalusia, Spain, adjacent to the La Rábida Energy Park. In partnership with Bio-Oils, the facility will … Read the full press release

Banca Transilvania Partners with EIB Group for Landmark RON 2 Billion Securitisation to Boost SME Financing and Sustainability

(IN BRIEF) Banca Transilvania has entered into a significant synthetic securitisation transaction worth RON 2 billion (€400 million), supported by the European Investment Fund (EIF) and the European Investment Bank (EIB). This transaction will reduce credit risk and release capital … Read the full press release

EY Reports Global IPO Decline in H1 2024, Highlighting Regional Disparities with Americas and EMEIA Growth as Asia-Pacific Falters

(IN BRIEF) Global IPO activity in the first half of 2024 saw a decline, with 551 listings raising US$52.2 billion, marking a 12% decrease in volume and a 16% drop in proceeds year-on-year. While industrials led in number of IPOs … Read the full press release

BBVA Sells €270 Million Non-Performing Loan Portfolio in Spain to AXACTOR

(IN BRIEF) BBVA has completed the sale of the ‘Estoril Project,’ a portfolio of unsecured non-performing loans totaling €270 million, to AXACTOR. This transaction is part of BBVA’s strategy to optimize its balance sheet and improve its non-performing loan ratio … Read the full press release

EIB Group and Spain Launch €3.4 Billion Regional Resilience Fund for Strategic Investments

(IN BRIEF) The European Investment Bank Group (EIB Group) and Spain’s Ministry of Economy, Trade, and Enterprise have launched the Regional Resilience Fund, aimed at channeling Next Generation EU loans into key projects within the Spanish Autonomous Communities. This initiative … Read the full press release

UK Economy Set for Multi-Million Pound Boost During European Championships and Paris Olympics

(IN BRIEF) The UK economy is expected to receive a significant boost as fans spend an additional £233 million during the European Championships and Paris Olympics this summer. Experian Economics highlights increased spending in pubs, bars, supermarkets, and on electronics … Read the full press release

SIX Launches Tailored Global Equity Indices to Simplify Financial Insights and Operations

(IN BRIEF) SIX, a leading global financial information provider, has unveiled a new series of global equity indices designed specifically for retail, private banking, and asset management sectors. These indices aim to simplify access to comprehensive equity investment views and … Read the full press release

Allianz Trade and BPL Revolutionize Insurance Enquiry Processing with Digital Integration

(IN BRIEF) Allianz Trade and BPL have launched a pioneering collaboration aimed at streamlining the processing of bank non-payment insurance enquiries. Utilizing API integration via Verisk’s Whitespace platform, the initiative eliminates manual data entry inefficiencies and enhances data security. This … Read the full press release

EIB Global Invests $50 Million in Climate-Resilient Bridges to Enhance Rural Connectivity in Papua New Guinea

(IN BRIEF) EIB Global has invested $50 million to construct nine climate-resilient bridges across East Sepik and Madang provinces in Papua New Guinea, as part of the Bridge Replacement for Improved Rural Access project. This initiative, co-financed by the Asian … Read the full press release

Natixis CIB Expands M&A Advisory Network with Strategic Investments in Tandem Capital Advisors and Emendo Capital

(IN BRIEF) Natixis Corporate & Investment Banking (Natixis CIB) has expanded its M&A advisory network by making strategic investments in two European boutiques, Tandem Capital Advisors in Belgium and Emendo Capital in the Netherlands. This move aims to strengthen Natixis … Read the full press release

Deutsche Bank Triumphs with 28 Awards at The Asset’s 2024 Triple A Sustainable Investing Awards in APAC

(IN BRIEF) Deutsche Bank’s APAC Securities Services and Trust and Agency Services teams garnered 28 awards at The Asset’s 2024 Triple A Sustainable Investing Awards in Hong Kong. Recognitions included Best Depositary Receipts Bank in APAC and the Editors Triple … Read the full press release

Deutsche Bank Acquires EUR 1.67 Billion Aircraft Loans from NORD/LB

(IN BRIEF) Deutsche Bank AG has acquired EUR 1.67 billion in aircraft loans from Norddeutsche Landesbank (NORD/LB), part of NORD/LB’s EUR 2.75 billion aircraft financing portfolio. The loans, secured through a competitive bidding process, cover a diverse range of lessors … Read the full press release

Multilateral Coalition Commits $20 Billion to Women’s Economic Empowerment

(IN BRIEF) A coalition of public and private investors has pledged $20 billion over three years to advance women’s economic empowerment through the 2X Challenge. Launched initially during the 2018 G7 Summit, the initiative has surpassed its fundraising targets, culminating … Read the full press release

Ageas Releases Insightful Whitepaper on Responsible Investing Practices

(IN BRIEF) Ageas, in collaboration with the Federation of Enterprises in Belgium (FEB), has released a new whitepaper on sustainable investing. This initiative underscores Ageas’s commitment to responsible investment practices, with a focus on environmental sustainability. The company’s ‘Impact24’ strategy, … Read the full press release

EIF and MDB Collaboration to Foster Economic Development and Job Creation in Malta

(IN BRIEF) The European Investment Fund (EIF), in collaboration with the Malta Development Bank (MDB), is set to provide guarantees totaling €20 million to support small and medium-sized enterprises (SMEs) and small mid-caps in Malta. These guarantees, backed by InvestEU, … Read the full press release

Banking on Climate Resilience: BIS and MAS Launch Project Viridis to Navigate Financial Risks

(IN BRIEF) Project Viridis, a collaborative effort between the Bank for International Settlements (BIS) and the Monetary Authority of Singapore (MAS), introduces a groundbreaking blueprint for integrating regulatory frameworks with climate data to address climate-related financial risks. The initiative, outlined … Read the full press release

Ageas Projects Shine in Prestigious Awards Program

(IN BRIEF) Ageas celebrates recognition in the prestigious Quorus Awards, with four of its innovative projects making it to the final rounds of this esteemed program. Among nearly 300 entries spanning 40 countries, Grupo Ageas Portugal and AKsigorta in Türkiye … Read the full press release

Encavis AG AGM Decides to Retain Earnings for Accelerated Growth

(IN BRIEF) Hamburg-based renewable energy operator Encavis AG (listed on the MDAX) recently concluded its Annual General Meeting (AGM) by resolving to retain its entire consolidated earnings, bolstering the company’s internal resources to propel accelerated growth. The decision reflects Encavis … Read the full press release

Shell plc Announces Dividend Payments for Q1 2024

(IN BRIEF) Shell plc’s Board unveiled today the equivalent dividend payments for the first quarter 2024 interim dividend, originally announced on May 2, 2024, at US$0.344 per ordinary share. Shareholders were granted the option to receive dividends in US dollars, … Read the full press release

Tube Investments of India (TII) Executive Vice-Chairman Vellayan Subbiah Crowned EY World Entrepreneur Of The Year™ 2024

(IN BRIEF) Tube Investments of India (TII) and Cholamandalam Investment and Finance Co. Ltd.’s Executive Vice-Chairman, Vellayan Subbiah, clinched the prestigious title of EY World Entrepreneur Of The Year™ 2024 at a gala held in Monaco’s Salle des Etoiles. Selected … Read the full press release

Barclays Continues Expansion Strategy with Key Hire for German-speaking Markets

(IN BRIEF) Barclays, a leading global financial institution, has announced the appointment of Christian Wagner as the Head of Investment Banking for Germany, Austria, and Switzerland (DACH). In this role, Mr. Wagner will oversee the entire Investment Banking business for … Read the full press release

DNB Enhances SME Support with EIF Partnership, Unlocks NOK 2.5 Billion in Funding

(IN BRIEF) Norway’s largest lender, DNB Bank ASA, has partnered with the European Investment Fund (EIF) to bolster support for small and medium-sized enterprises (SMEs) through a groundbreaking collaboration. Backed by an EIF guarantee under the InvestEU program, DNB will … Read the full press release

InvestEU Program Bolsters SME Support: EIF and Innovation Norway Ink Landmark Deals

(IN BRIEF) The European Investment Fund (EIF) and Innovation Norway have sealed two groundbreaking agreements aimed at bolstering financing opportunities for small and medium-sized enterprises (SMEs) in Norway. This strategic collaboration will empower Innovation Norway to expand its lending volume, … Read the full press release

EIF Leads €100 Million Pledge to RIVE Infrastructure Impact Fund in Green Transition Push

(IN BRIEF) The European Investment Fund (EIF) has pledged €100 million to the RIVE Infrastructure Impact Fund (RIIF), marking a significant commitment to the energy transition in Europe. Managed by RIVE Private Investment, RIIF focuses exclusively on supporting SMEs across … Read the full press release

Breaking Ground: InvestEU Programme Launches in Iceland with Byggðastofnun Guarantee Pact

(IN BRIEF) In a significant move to bolster Icelandic small entrepreneurship beyond the capital region, the European Investment Fund (EIF) has inked a guarantee agreement with the Icelandic regional development agency, Byggðastofnun, under the European Commission’s InvestEU initiative. This agreement … Read the full press release

European Investment Bank and Deutsche Kreditbank Strengthen 25-Year Collaboration with Renewables Initiative

(IN BRIEF) The European Investment Bank (EIB) and Deutsche Kreditbank (DKB) recently celebrated their 25-year partnership by signing a new agreement at DKB’s Berlin headquarters, aimed at supporting renewable energy projects for Small and Medium Enterprises (SMEs) in Germany. Under … Read the full press release

EU and Nefco Transform University Facilities into Social Housing for IDPs in Ivano-Frankivsk

(IN BRIEF) In response to the pressing need for safe housing for internally displaced persons (IDPs) in Ivano-Frankivsk, a city in western Ukraine, the European Union and Nefco have undertaken a transformative initiative. With approximately 41,000 IDPs seeking refuge in … Read the full press release