Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Nordic Investment Bank Secures USD 1.25 Billion in 5-Year Global Benchmark Bond Amid Volatile Markets

(IN BRIEF) The Nordic Investment Bank (NIB) successfully priced a USD 1.25 billion 5-year global benchmark bond, demonstrating strong global demand amid volatile market conditions. The bond, with a 3.750% coupon, will be used to fund projects that drive productivity … Read the full press release

KfW Research: SMEs in Germany Spend EUR 61 Billion Annually on Legal Compliance and Administrative Costs

(IN BRIEF) A KfW Research survey has revealed that SMEs in Germany are spending an average of 32 hours per month to comply with legal requirements, costing the economy EUR 61 billion annually. The survey also highlighted expectations for wage … Read the full press release

Greg Guyett Appointed as EBRD’s New First Vice President and Head of Client Services Group

(IN BRIEF) Greg Guyett has been appointed as the new First Vice President and Head of the Client Services Group at the European Bank for Reconstruction and Development (EBRD), starting September 1, 2025. He will succeed Jürgen Rigterink and lead … Read the full press release

EIB Finances €400 Million Helsinki Tramline Project to Boost Sustainable Transport

(IN BRIEF) The European Investment Bank (EIB) has provided €400 million in financing to Helsinki for the development of the Crown Bridges Light Rail project, which will extend the city’s tram network to three eastern suburbs. The project includes the … Read the full press release

Sidekick Health Secures €35 Million Funding from EIB to Expand Digital Therapeutics and AI Capabilities

(IN BRIEF) Sidekick Health has secured a €35 million venture debt facility from the European Investment Bank (EIB) to advance its digital health and therapeutics initiatives. The funding, backed by the European Commission’s InvestEU initiative, will accelerate R&D and AI-driven … Read the full press release

UOB and Accenture Partner to Harness AI Technologies and Upskill Workforce in Groundbreaking Collaboration

(IN BRIEF) UOB has partnered with Accenture in a three-year collaboration to advance the Bank’s use of generative and agentic AI technologies. This strategic MoU will help UOB accelerate its AI journey by enhancing business processes and personalizing customer experiences. … Read the full press release

Aida Welker to Join KfW IPEX-Bank Management Board on 1 May 2025, Succeeding Andreas Ufer

(IN BRIEF) Aida Welker will join the Management Board of KfW IPEX-Bank on 1 May 2025, succeeding Andreas Ufer, who is retiring. She will oversee critical departments, including Mobility, Infrastructure, and Syndication & Treasury. With nearly 25 years of experience … Read the full press release

Deutsche Bank Earns Multiple Accolades at The Asset Triple A Treasurise Awards 2025 for Exceptional Corporate Banking Services

(IN BRIEF) Deutsche Bank was honored with several awards at The Asset Triple A Treasurise Awards 2025, including Best Liquidity Management Bank and Best Structured Trade Finance Bank. The bank also received recognition as the Best Transaction Bank in China … Read the full press release

Vietnam Airlines Enhances Payment Processing Worldwide with Expanded Partnership with Adyen

(IN BRIEF) Adyen has expanded its partnership with Vietnam Airlines, enabling the airline to leverage Adyen’s global acquiring network for processing payments worldwide. The integration facilitates faster and more reliable transactions, including credit card payments and local payment methods such … Read the full press release

GRO Fund III and Kirk Kapital Secure Acquisition of Omada A/S, Marking Exit for CVC Growth Funds and GRO Fund II

(IN BRIEF) Omada A/S, a global leader in Identity Governance and Administration (IGA) software, has announced its acquisition by GRO Fund III, alongside Kirk Kapital. This move marks the full exit of Omada’s previous investors, CVC Growth Funds and GRO … Read the full press release

European Investment Bank Appoints Scope Ratings for Solicited Creditworthiness Rating

(IN BRIEF) The European Investment Bank (EIB) has mandated Scope Ratings, a European Union-based credit rating agency, to perform a solicited creditworthiness rating. This addition to its existing agencies—Fitch, Moody’s, and S&P—was part of EIB’s regular triennial evaluation process for … Read the full press release

KfW Survey: SMEs in Germany Spend 32 Hours per Month on Legal Compliance, Costing EUR 61 Billion Annually

(IN BRIEF) A recent KfW survey reveals that SMEs in Germany spend, on average, 32 hours per month complying with legal requirements, costing the economy EUR 61 billion annually. This significant time investment is particularly challenging for sole traders and … Read the full press release

Euronext Launches Unified European Prospectus to Streamline Equity Listings Across the Continent

(IN BRIEF) Euronext has launched the European Common Prospectus, a unified and streamlined template for equity listings across its seven EU markets, designed to reduce complexity for issuers and enhance transparency for investors. Compliant with current EU rules and adaptable … Read the full press release

Turquoise and LeveL Markets to Launch New Block Trading Order Type for Buy-Side Traders

(IN BRIEF) LSEG’s trading platform Turquoise has partnered with LeveL Markets, operator of the US-based Luminex platform, to introduce a new Manual Conditional Order Type for block trades. Set to launch in the second half of 2025 (pending regulatory approval), … Read the full press release

Swiss Re Appoints Bernhard Kaufmann as New Group Chief Risk Officer, Effective October 2025

(IN BRIEF) Swiss Re has announced the appointment of Bernhard Kaufmann as its next Group Chief Risk Officer, effective 1 October 2025. Kaufmann, who currently holds the same role at Helvetia and has served as CRO at NN Group and … Read the full press release

Garanti BBVA Advances Digital Banking with Generative AI Upgrade to Smart Assistant Ugi

(IN BRIEF) Garanti BBVA has enhanced its mobile smart assistant Ugi with generative AI technology, enabling more natural, context-aware, and personalized interactions for customers. Ugi now supports a broader range of banking services, anticipates user needs, and continues to evolve … Read the full press release

CACEIS Appointed as Depositary for Vesper Infrastructure Partners’ Debut Fund

(IN BRIEF) CACEIS has been appointed to provide depositary and banking services for Vesper Infrastructure Partners’ inaugural fund, Vesper Next Generation Infrastructure Fund I SCSp, which is targeting €800 million and currently has €600 million in assets under management. Vesper, … Read the full press release

Lloyds Tracker Shows Real Estate Rebound Drives Modest UK Sector Growth in March

(IN BRIEF) UK economic activity remained steady in March with four out of fourteen sectors reporting output growth, the same as February, according to Lloyds Bank’s UK Sector Tracker. Real estate services saw their first expansion of 2024, spurred by … Read the full press release