Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Snam Unveils Employee Stock Ownership Plan to Enhance Engagement and Shareholder Participation

(IN BRIEF) Snam has launched “Noi Snam”, its first employee stock ownership plan, designed to engage employees and foster a sense of belonging. The plan will be available to all employees, with benefits such as matching shares and loyalty shares. … Read the full press release

Aviva Urges Homeowners to Create Flood-Resilient Gardens as Chelsea Flower Show 2025 Unveils British Rainforest Garden

(IN BRIEF) As part of its commitment to sustainability, Aviva encourages homeowners to consider climate-resilient materials for their gardens, particularly in light of the risks associated with impermeable surfaces like artificial grass. Research commissioned by Aviva shows that many homeowners … Read the full press release

EIF and BNP Paribas Leasing Solutions Sign Landmark €200 Million InvestEU Guarantee to Support SMEs in Sustainability Transition

(IN BRIEF) The EIF and BNP Paribas Leasing Solutions have signed a landmark agreement to provide a €200 million portfolio guarantee, aimed at enhancing access to business asset leasing solutions for SMEs and small mid-caps across France, Germany, Italy, and … Read the full press release

EIB Launches Greening Financial Systems Programme to Strengthen Ethiopia’s Financial Sector Against Climate Change

(IN BRIEF) The EIB has launched the Greening Financial Systems (GFS) Programme in Ethiopia, aimed at enhancing the resilience of the country’s financial sector to climate risks. This initiative, supported by Germany’s International Climate Initiative, will help the National Bank … Read the full press release

Vienna Insurance Group Submits Bid to Acquire Majority Stake in Moldova’s Leading Non-Life Insurer MOLDASIG

(IN BRIEF) Vienna Insurance Group (VIG) has submitted a bid to acquire 80% of MOLDASIG S.A., one of Moldova’s leading non-life insurance companies, as part of a multi-stage process initiated by the Moldovan government. With a market share of approximately … Read the full press release

Standard Chartered Reports Projected 36% Growth in Global Islamic Finance Assets by 2028

(IN BRIEF) Standard Chartered has released a new report, Islamic Banking for Financial Institutions: Unlocking Growth Amidst Global Shifts, forecasting that global Islamic finance assets will grow to USD7.5 trillion by 2028. The report reveals significant growth in Islamic finance, … Read the full press release

SIX Announces Successful CHF 250 Million Digital Bond Issuance to Fund Strategic Initiatives and Strengthen Financial Position

(IN BRIEF) SIX has successfully issued a CHF 250 million digital bond with a 1.00% coupon and maturity in 2032, demonstrating strong investor demand. The bond’s proceeds will help strengthen SIX’s financial flexibility, support its growth strategy, and potentially fund … Read the full press release

VIVID Secures £50 Million Loan from Barclays to Retrofit Over 2,000 Homes Backed by National Wealth Fund’s Guarantee Scheme

(IN BRIEF) VIVID has secured a £50 million loan from Barclays, the largest loan available under the National Wealth Fund’s (NWF) £1.3 billion social housing retrofit guarantee scheme. This will support the retrofit of over 2,000 homes, improving energy efficiency … Read the full press release

LCH SA Launches New Clearing Service for Digital Asset Derivatives on GFO-X to Enhance Bitcoin Futures and Options Trading

(IN BRIEF) LCH SA has launched its LCH DigitalAssetClear service, offering clearing for cash-settled Bitcoin index futures and options traded on GFO-X, the UK’s first FCA-regulated digital asset derivatives MTF. This new service aims to provide a secure and regulated … Read the full press release

CPRAM and BFT Investment Managers Announce Merger to Create France’s 10th Largest Asset Management Firm with €100 Billion in Assets Under Management

(IN BRIEF) CPRAM and BFT Investment Managers are merging to create one of France’s largest asset management companies with €100 billion in assets under management. The merger will combine CPRAM’s expertise in thematic and quantitative management with BFT IM’s leadership … Read the full press release

EIB Sets Record Support for Circular Economy at WCEF 2025

(IN BRIEF) The European Investment Bank (EIB) is actively participating in the World Circular Economy Forum (WCEF) 2025 in São Paulo, Brazil, sharing its long-standing commitment to financing circular economy projects. With over €5.1 billion lent to circular economy projects … Read the full press release

Generali Appoints New Board Committees and Reviews Mediobanca’s Exchange Offer on Banca Generali Shares

(IN BRIEF) Generali’s Board of Directors has established the Board Committees, appointed their members, and reviewed the public voluntary exchange offer from Mediobanca regarding Banca Generali’s shares. Additionally, the Board has appointed the new administrative body for The Generali Human … Read the full press release

Allianz Group and Allianz Turkey Invest Over €2 Million in New Dormitory Project to Empower Girls Through Education

(IN BRIEF) Allianz Group and Allianz Turkey have invested over €2 million in a new dormitory project in collaboration with the Koruncuk Foundation. Located in Istanbul, the dormitory will provide a safe and nurturing environment for girls in need, offering … Read the full press release

Banco Azteca y Ricardo Salinas Pliego: Nuevas Revelaciones Aumentan la Preocupación por Riesgos Legales y Financieros

(NOTICIA EN BREVE) Ricardo Salinas Pliego, el empresario mexicano y propietario de Banco Azteca, enfrenta un creciente escrutinio internacional debido a sus intentos de bloquear citaciones judiciales en una investigación por fraude en EE. UU. Analistas legales sugieren que esto … Read the full press release

EIB and EBRD Strengthen Partnership with New Mutual Reliance Agreement to Streamline Project Financing

(IN BRIEF) The EIB and EBRD have taken a significant step forward in their partnership by signing a Mutual Reliance Agreement, which aims to reduce administrative burdens, improve project financing efficiency, and ensure the highest environmental and social standards in … Read the full press release

KfW Strengthens Global Role with High Stable New Business in 2024 and Continued Focus on Climate Protection and Biodiversity

(IN BRIEF) KfW’s 2024 international business performance shows a stable level of EUR 34.2 billion, with a continued focus on climate protection, biodiversity, and geostrategic objectives. Through its subsidiaries, KfW supports projects aligned with Germany and Europe’s economic and geopolitical … Read the full press release

Ørsted Halts Hornsea 4 Offshore Wind Project in the UK Due to Rising Costs and Increased Risks

(IN BRIEF) Ørsted has decided to discontinue the Hornsea 4 offshore wind project due to increased costs, higher interest rates, and elevated risks, making the project’s current execution untenable. The company plans to explore alternative options for the project while … Read the full press release

Euronext introduces new initiatives to strengthen Europe’s strategic autonomy in energy, security and defense sectors

(IN BRIEF) Euronext has introduced a series of initiatives focused on enhancing Europe’s strategic autonomy in energy, defense, and technology. These initiatives include the launch of thematic indices targeting energy security, aerospace, defense, and strategic autonomy. Additionally, Euronext is updating … Read the full press release

Crédit Agricole CIB Appoints Olivier Gavalda as Chairman of the Board of Directors

(IN BRIEF) On 5 May 2025, Olivier Gavalda was appointed Chairman of the Board of Directors at Crédit Agricole CIB, succeeding Philippe Brassac. Gavalda, a long-standing member of Crédit Agricole, has held numerous key positions throughout his career, including Chief … Read the full press release

Automotive Suppliers Face Declining Profitability Amidst Stagnation and Rising Competition

(IN BRIEF) The global automotive supplier industry faces tough conditions, with stagnant production volumes, geopolitical uncertainty, and increasing competition putting pressure on profitability. The 2024 forecasted EBIT margin of 4.7% marks a further decline from 2023 levels, with Chinese suppliers … Read the full press release