Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

KfW Report: Decline in Germany’s SMEs Engaged in International Trade as Geopolitical and Economic Challenges Mount

(IN BRIEF) Germany’s small and medium-sized enterprises (SMEs) have significantly reduced their international business activities, with the number of businesses operating abroad falling from 880,000 in 2022 to around 763,000 in 2023. Despite this, businesses that continued to operate internationally … Read the full press release

Kentaro Koyama of Deutsche Bank Honored with 2024 Forecast Accuracy Award for Japan’s Economic Predictions

(IN BRIEF) Kentaro Koyama, Chief Economist for Japan at Deutsche Securities, has been awarded the 2024 Forecast Accuracy Award for Japan by Consensus Economics. His predictions for Japan’s real GDP growth and inflation were recognized for their exceptional accuracy over … Read the full press release

Metriks AI Successfully Lists on Euronext Growth Milan, Raising €4.2 Million

(IN BRIEF) Metriks AI has successfully listed on Euronext Growth Milan, marking the 11th listing on the exchange for 2025. The AI-focused company raised €4.2 million in its placement phase and aims to expand its integrated digital solutions for SMEs … Read the full press release

Garanti BBVA Enhances Mobile App with GarantiPay and NFC Features for Seamless Card-Free Payments

(IN BRIEF) Garanti BBVA’s latest mobile app update introduces GarantiPay and NFC contactless payment features, allowing customers to make card-free payments in stores and online. This update enhances the bank’s commitment to innovation and convenience by enabling Android users to … Read the full press release

EIB Partners with Teknia for €30 Million Loan to Support Sustainable Manufacturing in the Automotive Sector

(IN BRIEF) The European Investment Bank (EIB) has provided a €30 million loan to Teknia, a Spanish automotive component manufacturer, to support its research and development efforts in sustainable manufacturing technologies across Europe. The loan will help Teknia reduce CO2 … Read the full press release

Royal Bank of Canada Becomes First Canadian Clearing Member of LCH CDSClear

(IN BRIEF) The Royal Bank of Canada (RBC) has joined LCH CDSClear as its first Canadian clearing member, gaining access to the platform’s broad range of credit derivative products. This move enhances RBC’s risk management capabilities while enabling the bank … Read the full press release

EIB Provides €90 Million Loan to Bordeaux Métropole Énergies to Drive Green Transition in Gironde

(IN BRIEF) The European Investment Bank has provided a €90 million loan to Bordeaux Métropole Énergies to support its 2024-2028 strategic plan, focusing on renewable energy projects and energy-efficient building renovations. This funding will aid in the development of solar … Read the full press release

SIX Group Chairman Thomas Wellauer to Conclude Term at AGM 2026

(IN BRIEF) Thomas Wellauer, Chairman of the Board of Directors at SIX Group, has announced that he will not stand for re-election at the AGM in 2026. Under his leadership since 2020, SIX has seen significant strategic and operational advancements, … Read the full press release

TreeFrog Therapeutics Secures €30 Million from EIB to Advance Parkinson’s Disease Cell Therapy

(IN BRIEF) TreeFrog Therapeutics has secured €30 million in financing from the European Investment Bank to advance its cell therapy program for Parkinson’s disease and support the development of its internal pipeline targeting diseases with high unmet needs. The funding, … Read the full press release

EIB and National Bank of North Macedonia Complete Climate Risk Capacity-Building Initiative

(IN BRIEF) The European Investment Bank (EIB Global) and the National Bank of the Republic of North Macedonia (NBRNM) have completed a climate risk capacity-building initiative under the Greening Financial Systems Advisory Programme. The project has enhanced NBRNM’s ability to … Read the full press release

KfW IPEX-Bank Supports Major Polish Offshore Wind Farms with EUR 3 Billion Financing

(IN BRIEF) KfW IPEX-Bank has played a leading role in financing the Baltyk 2 and Baltyk 3 offshore wind farms in Poland, each with a 740 MW capacity. With a EUR 3 billion financing for each project, KfW IPEX-Bank, as … Read the full press release

Crédit Coopératif Pursues Acquisition of Anytime to Enhance Digital Services for Associations

(IN BRIEF) As part of its 2030 strategic plan, Crédit Coopératif is in exclusive discussions with Orange Bank to acquire Anytime, a fintech specializing in supporting associations. The acquisition will strengthen Crédit Coopératif’s digital offerings and expand its services for … Read the full press release

European Investment Fund Commits €40 Million to Pioneering Defence Tech Fund, Supporting Europe’s Strategic Autonomy

(IN BRIEF) The European Investment Fund (EIF) has made its first investment in a dedicated European defence fund, committing €40 million to Keen’s European Defence and Security Tech Fund. The fund will focus on early-stage companies pioneering technologies in areas … Read the full press release

World Economic Forum Leadership Change: Klaus Schwab Resigns as Chairman, Peter Brabeck-Letmathe Appointed Chairman ad Interim

(IN BRIEF) World Economic Forum Chairman Klaus Schwab has stepped down after 55 years of leadership, announcing his resignation as he enters his 88th year. The Board of Trustees appointed Peter Brabeck-Letmathe as Chairman ad interim and formed a Search … Read the full press release

Experian Research Reveals the Average Cost of Attending a Wedding Abroad Has Reached £1,956, Adding Financial Pressure for Guests

(IN BRIEF) Experian’s latest research shows that attending a wedding abroad now costs an average of £1,956, a financial burden for many guests. Over 37% of Brits have been invited to at least one destination wedding in the past year, … Read the full press release

RATO Credit Union and EIF Launch €20 Million Financing Initiative to Support Sustainable Projects in Lithuania

(IN BRIEF) RATO Credit Union has partnered with the European Investment Fund (EIF) under the InvestEU program to provide €20 million in financing for sustainable projects in Lithuania. This agreement enables RATO to offer more accessible loans with favorable terms, … Read the full press release

OP Financial Group Partners with Accenture to Transform Pohjola Insurance with Cloud and AI Solutions

(IN BRIEF) OP Financial Group has expanded its partnership with Accenture to modernize Pohjola Insurance, focusing on enhancing agility, operational efficiency, and customer experience. The collaboration includes implementing a cloud-based Guidewire platform to streamline IT applications, generate operational savings, and … Read the full press release

ABN AMRO Survey Highlights Rising Cyber Threats and Gaps in Resilience Among Dutch Companies

(IN BRIEF) A recent cybersecurity survey by ABN AMRO reveals that Dutch companies, particularly SMEs, are increasingly vulnerable to cyberattacks, with many underestimating the risks from state actors and new cyber threats. The survey highlights gaps in awareness and preparedness … Read the full press release

Outokumpu Converts EUR 9.5 Million of Convertible Bonds into Shares

(IN BRIEF) Outokumpu has converted EUR 9,500,000 of its senior unsecured convertible bonds into 3,578,962 new shares, with no change to the total number of outstanding shares. After the cancellation of treasury shares, Outokumpu will hold 28,123,822 treasury shares. The … Read the full press release

Barclays Appoints Marc Warm as Global Co-Head of Capital Markets to Drive Growth

(IN BRIEF) Barclays appoints Marc Warm as Global Co-Head of Capital Markets, joining Tom Johnson and Travis Barnes. With over 30 years of experience in leveraged finance, Marc brings extensive expertise in the credit markets and a strong network of … Read the full press release