Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Public Development Banks Unveil €3 Billion Clean Oceans Initiative 2.0 to Tackle Marine Plastic Crisis Through 2030

(IN BRIEF) At the UN Ocean Conference in Nice, six public development banks including EIB, AFD, and KfW, joined by new partner ADB, launched Clean Oceans Initiative 2.0 — a renewed €3 billion pledge running from 2026 to 2030 to … Read the full press release

EIB and Luxembourg Launch €5 Million Investment to Back Ocean-Based Climate Projects in Island States

(IN BRIEF) The European Investment Bank, through EIB Global and in collaboration with the Government of Luxembourg, is investing €5 million via the Luxembourg-EIB Climate Finance Platform into the Outrigger Impact Fund I, a new initiative focused on supporting Small … Read the full press release

LCH and CMU OmniClear Join Forces to Advance Global Clearing and Settlement of CNH Derivatives

(IN BRIEF) LCH Limited, part of LSEG, has signed an MoU with CMU OmniClear Limited to expand its ForexClear service to include CNH FX Options, Forwards, Swaps, and Spot transactions using Hong Kong’s PvP infrastructure. The offering, expected in early … Read the full press release

NIB Funds Poland’s Bałtyk Offshore Wind Farms to Accelerate Green Energy and Cut CO2 Emissions

(IN BRIEF) The Nordic Investment Bank (NIB) will provide two 26-year loans worth EUR 126 million to support the construction of Poland’s Bałtyk 2 and Bałtyk 3 offshore wind farms. Jointly developed by Norway’s Equinor Wind Power and Poland’s Polenergia, … Read the full press release

BIL Renews Sponsorship for Creative Young Entrepreneur Luxembourg to Support Emerging Talent

(IN BRIEF) Banque Internationale à Luxembourg (BIL) has renewed its sponsorship for Creative Young Entrepreneur Luxembourg (CYEL), a competition that celebrates the creativity and entrepreneurial spirit of young Luxembourgers. As the main sponsor since 2020, BIL remains committed to fostering … Read the full press release

Bridging the Gap: How Academia and Industry Can Collaborate for a Sustainable Food Future

(IN BRIEF) The Food 2.0 project seeks to create a resilient food system by integrating circular economy practices and sustainability. Bridging the gap between academia and industry is key to translating research into practical solutions. Through initiatives such as rapid-fire … Read the full press release

UniCredit Partners with Herzog & de Meuron to Design New Sustainable Headquarters in Milan

(IN BRIEF) UniCredit has partnered with Herzog & de Meuron to design a new headquarters in Milan’s Scalo Farini area, a key site in one of Europe’s largest urban regeneration projects. The new campus will feature offices, green spaces, residences, … Read the full press release

Euronext Growth Milan Welcomes Giocamondo Study with €4.2 Million Raised and a €20.8 Million Market Capitalization

(IN BRIEF) Giocamondo Study has been successfully listed on Euronext Growth Milan, becoming the 12th listing of 2025. The company raised €4.2 million during the placement phase, which will help drive its growth as it aims to expand its brand … Read the full press release

EIB to Guide Bulgaria in Decarbonizing Maritsa East Complex and Transitioning to Clean Energy

(IN BRIEF) Bulgaria has enlisted the help of the European Investment Bank (EIB) to support the decarbonization of the Maritsa East Complex, one of Europe’s largest coal-powered electricity sites. The EIB will work with Bulgaria’s Ministry of Energy to develop … Read the full press release

EIF Partners with BluOr Bank to Offer €30 Million in Green Financing for Latvian SMEs

(IN BRIEF) The EIF and BluOr Bank have signed an agreement to provide up to €30 million in financing for Latvian SMEs working on green projects. Supported by the EU’s InvestEU programme, this initiative aims to help businesses improve energy … Read the full press release

EIF and EIFO Sign First Deal Under EU’s Ukraine Export Credit Facility to Boost EU-Ukraine Trade

(IN BRIEF) The EIF and EIFO have signed the first deal under the EU’s Ukraine export credit guarantee facility, which supports European businesses exporting to Ukraine. The facility, offering up to €20 million in guarantees, aims to enhance trade between … Read the full press release

EBRD Approves New Five-Year Strategy for Bulgaria, Focusing on Green Transition and Competitiveness

(IN BRIEF) The EBRD has approved a new strategy for Bulgaria, focusing on the green transition, competitiveness, and resilience through 2030. The Bank’s investments in Bulgaria have grown significantly, with a focus on sustainable infrastructure and private sector development. The … Read the full press release

LBBW and German Centre Singapore Celebrate 30 Years of Supporting German Businesses in Southeast Asia

(IN BRIEF) LBBW and its subsidiary, German Centre Singapore, are celebrating 30 years of helping German companies expand into Southeast Asia. LBBW’s Singapore branch, established in 1995, serves as the bank’s largest location in Asia and a regional hub managing … Read the full press release

EIB Grants €150 Million Loan to Acqua Novara.VCO for Water Infrastructure Upgrades in Piedmont

(IN BRIEF) The European Investment Bank (EIB) has granted €150 million to Acqua Novara.VCO to help fund a €300 million investment plan for the modernization of water and wastewater services in the Italian provinces of Novara and Verbano-Cusio-Ossola. The project, … Read the full press release

Visa Partners with Klarna to Launch the Klarna Card, Combining Debit Flexibility and Pay Later Options

(IN BRIEF) Visa has teamed up with Klarna to launch the Klarna Card, a flexible debit product that allows consumers to pay immediately or later at over 150 million Visa-accepting merchants worldwide. The card features Visa’s Flexible Credential, offering users … Read the full press release

EIB and Leyden Labs Secure €20 Million Financing to Advance Pandemic Preparedness with Innovative Nasal Spray

(IN BRIEF) The European Investment Bank (EIB) has signed a €20 million financing deal with Leyden Laboratories to support the development of its innovative pan-influenza nasal spray, which aims to protect against seasonal and pandemic viral infections. The funding, guaranteed … Read the full press release

EIB and European Commission Renew Agreement to Accelerate Decarbonisation Projects with Innovation Fund Support

(IN BRIEF) The European Commission and the European Investment Bank have renewed the Project Development Assistance (PDA) agreement under the Innovation Fund, providing expanded technical and financial support for innovative decarbonisation projects. The renewed agreement increases the PDA’s budget from … Read the full press release

KfW Reports Record Number of Younger Entrepreneurs Driving Growth in Germany’s Start-Up Scene

(IN BRIEF) Germany’s entrepreneurial landscape in 2024 saw a notable shift toward younger business founders, with the average age of new entrepreneurs dropping to 34.4 years. A 3 percent rise in new business registrations marked a slight recovery, largely driven … Read the full press release

EIF and Citadele Bank Partner to Provide Up to €138 Million in Preferential Loans for Baltic Businesses

(IN BRIEF) Citadele Bank, with EIF support, has launched a €138 million loan programme aimed at SMEs and microbusinesses in Estonia, Latvia, and Lithuania. The initiative, backed by the European Commission’s InvestEU programme, will offer loans with low interest rates, … Read the full press release

Yusuf Demiral Joins Standard Chartered as Global Head of WRB Data, Analytics & AI

(IN BRIEF) Standard Chartered has appointed Yusuf Demiral as the Global Head of Wealth & Retail Banking (WRB) Data, Analytics & AI, a newly created position aimed at enhancing the client journey through data and AI. With over 25 years … Read the full press release