Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

EIB Finalizes €160 Million Tranche to Complete Strategic Hospital Project in A Coruña with Broad Regional Impact

(IN BRIEF) The second and final portion of a €450 million loan provided by the European Investment Bank has been approved to finish the construction of the new university hospital in A Coruña, Spain. With a tranche valued at €160 … Read the full press release

European Investment Bank Unveils US$100 Million Boost to AXIAN Telecom for Expanding 4G and 5G Networks in Tanzania and Madagascar

(IN BRIEF) The European Union, through its Global Gateway strategy, is set to expand mobile broadband connectivity in Madagascar and Tanzania. A financing package of US$100 million from the European Investment Bank will be provided to AXIAN Telecom, with US$60 … Read the full press release

Salt Bank Reaches 500,000 Customers in Its First Year as Romania’s Pioneering Digital Bank, Powered by Engine by Starling and GFT

(IN BRIEF) Salt Bank, launched as Romania’s first digital bank in April 2024, has quickly captured the market, reaching 500,000 customers in just one year. Developed in only 12 months by teams from Salt, Engine by Starling, and GFT, the … Read the full press release

EIF and Enisa Forge €40 Million Guarantee to Propel Innovation and SME Growth in Spain

(IN BRIEF) The European Investment Fund (EIF) and Empresa Nacional de Innovación (Enisa) have entered into a guarantee agreement worth up to €40 million to help innovative Spanish small and medium-sized enterprises (SMEs) and startups access vital finance. This partnership, … Read the full press release

KfW IPEX-Bank Delivers EUR 23.9 Billion in New Commitments as It Strengthens Economic Resilience for 2024

(IN BRIEF) In financial year 2024, KfW IPEX-Bank achieved remarkable success, with new commitments reaching EUR 23.9 billion—EUR 22.4 billion from original lending and EUR 1.5 billion for refinancing under CIRR programmes. This strong performance, which built on the record … Read the full press release

Altor Sells Qmatic: Marking a Strategic Shift from Hardware to SaaS Leadership

(IN BRIEF) Altor Fund II has reached an agreement to divest Qmatic Group AB to Valsoft Corporation Ireland, a company specializing in vertical software solutions from Canada. Altor’s investment in Qmatic began in 2007 with a focus on queue management … Read the full press release

BBVA Boosts 2024 Shareholder Returns with Record Dividend and €993 Million Buyback

(IN BRIEF) BBVA is set to enhance its 2024 shareholder returns by paying a supplementary dividend of €0.41 per share on April 10, which, together with the €0.29 interim dividend from October, brings the total dividend to €0.70 per share—the … Read the full press release

Royal Mail and Sainsbury’s Team Up to Expand Smart Parcel Locker Network Across the UK

(IN BRIEF) Royal Mail and Sainsbury’s have entered a long-term partnership to install smart parcel lockers at Sainsbury’s supermarkets across the UK, marking Sainsbury’s as the first supermarket chain to adopt this service. The initiative, which began with operational lockers … Read the full press release

KfW IPEX-Bank Fuels Go-Ahead Group’s Zero-Emission Transition with GBP 200 Million CAPEX Facility

(IN BRIEF) KfW IPEX-Bank has secured a GBP 200 million CAPEX facility for the Go-Ahead Group, reinforcing its growth and commitment to sustainable transport. The new facility, arranged as a follow-up to an existing 2023 financing, is supported by six … Read the full press release

Enhancing Critical Care: KfW-Funded Upgrades Boost Intensive Care Capacity at Black Lion Hospital

(IN BRIEF) Amid the severe challenges posed by Ethiopia’s ongoing civil conflict and an under-resourced healthcare system, The Black Lion Hospital in Addis Ababa is bolstering its intensive care services with significant new investments. The hospital, which serves as a … Read the full press release

ArcelorMittal Unveils New Share Buyback Program Tied to Free Cash Flow Performance

(IN BRIEF) ArcelorMittal has launched a new share buyback program following the successful completion of an earlier 85 million share buyback. The new program, set to continue through May 2030, involves purchasing shares in multiple tranches, with the initial tranche … Read the full press release

EBRD Extends €120 Million Loan to AFI Europe to Drive Sustainable Real Estate Growth in CEE

(IN BRIEF) The EBRD has provided a regional loan of up to €120 million to AFI Europe to fund its expansion in Serbia, Poland, Romania, and Czechia. The financing will support the development of AFI’s modern portfolio in central and … Read the full press release

EIB and Aragón Propel Green and Digital Transformation with €234 Million Loan

(IN BRIEF) The European Investment Bank has signed a €234 million loan agreement with the Aragón regional government in Spain, marking the first tranche of a €260 million financing package. The funds will co-finance various projects in Aragón—especially in the … Read the full press release

EIB Funds Beccs Stockholm, Pioneering Negative Emissions Technology to Outpace Stockholm Traffic Emissions

(IN BRIEF) The European Investment Bank has granted a €260 million loan to Stockholm Exergi to construct Sweden’s first large-scale BECCS facility at Värtaverket, expected to be operational by 2028. The project, Beccs Stockholm, will capture up to 800,000 tonnes … Read the full press release

Global Disability Summit 2025: KfW Champions Inclusive Development and Education Reforms

(IN BRIEF) The Global Disability Summit 2025 in Berlin, held on April 2 and 3, united international leaders, NGOs, and private sector representatives to focus on the inclusion of people with disabilities. Co-organised by Germany, the Kingdom of Jordan, and … Read the full press release

Indosuez Wealth Management Expands Swiss Presence With Acquisition of Banque Thaler

(IN BRIEF) Indosuez Wealth Management, part of the Crédit Agricole Group, has agreed to acquire Banque Thaler, a Swiss bank celebrated for its service excellence and wealth management expertise. This acquisition reinforces Indosuez’s strategy to expand its footprint in Switzerland—a … Read the full press release

Avoided Emissions Platform Sets New Standard for Climate Impact Measurement

(IN BRIEF) A consortium led by Robeco, Mirova, Edmond de Rothschild AM, I Care, and Quantis has launched the Avoided Emissions Platform (AEP), a global initiative designed to standardize the evaluation of climate solutions by providing a transparent method to … Read the full press release

Robust Growth Ahead: ABN AMRO Predicts 7% House Price Rise in 2025, Driven by Lower Mortgage Rates and Tight Supply

(IN BRIEF) The Dutch housing market, having rebounded strongly in 2024 with an 8.7 percent price increase, is expected to maintain its momentum with projected rises of 7 percent in 2025 and 3 percent in 2026. ABN AMRO attributes this … Read the full press release

EIB Group Invests €90M to Unlock €185M for Sustainable Housing in Spain, Bolstering Green Finance and EU Market Integration

(IN BRIEF) The EIB Group, comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has invested over €90 million in a synthetic securitisation operation with BBVA, aimed at financing sustainable housing projects in Spain. Backed by InvestEU, … Read the full press release

Commerzbank Embraces Equator Principles to Enhance Sustainable and Responsible Financing

(IN BRIEF) Commerzbank has signed on to the Equator Principles, a voluntary set of ten guidelines aimed at addressing environmental, social, human rights, and climate risks in project financing. This move underscores the bank’s commitment to sustainable finance and responsible … Read the full press release