Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Rabobank Reports Strong 2024 Performance with Increased Net Profit and Focus on Sustainability

(IN BRIEF) Rabobank posted strong financial results for 2024, achieving a net profit of EUR 5,163 million, up from EUR 4,377 million the previous year. The bank’s growth was driven by increased volumes across its commercial segments and its strong … Read the full press release

Landis+Gyr Revises FY 2024 Outlook and Exits EV Charging Business Following Strategic Review

(IN BRIEF) Landis+Gyr Group AG has provided an update on its strategic initiatives and revised financial outlook for fiscal year 2024. The company has decided to exit the EV charging business in the EMEA region due to unfavorable market conditions, … Read the full press release

MAPFRE RE Reshapes Organization with Key Appointments to Strengthen Life Business and Regional Operations

(IN BRIEF) MAPFRE RE has restructured its organization to focus on enhancing its Life business and strengthening its market presence. The restructuring includes key leadership changes, such as the appointment of Javier San Basilio as general manager, Carmen Bueso overseeing … Read the full press release

Amadix Secures €15 Million Loan from EIB to Expand Early Cancer Detection Solutions Across Europe and the U.S.

(IN BRIEF) Amadix, a Spanish biotech company focused on non-invasive blood tests for early cancer detection, has secured a €15 million loan from the European Investment Bank (EIB). This funding, backed by InvestEU, will support Amadix in advancing its blood … Read the full press release

Garanti BBVA Hosts Demo Day to Showcase Startups and Opens Applications for Third Session of Tech Program

(IN BRIEF) Garanti BBVA recently celebrated the success of five startups that completed the second year of its Garanti BBVA Partners Tech Program at a Demo Day event. The program offers essential support, including office space, mentoring, and marketing assistance, … Read the full press release

AFME’s Inaugural Report Highlights Rapid Growth and Opportunities in DLT Capital Markets

(IN BRIEF) The Association for Financial Markets in Europe (AFME) has published its inaugural Distributed Ledger Technology (DLT) Capital Market report, offering valuable insights into the global market’s growth in DLT issuance and related secondary market activities. The report highlights … Read the full press release

Steyr Motors AG Listed on the Vienna Stock Exchange to Boost Visibility and Capital Market Access

(IN BRIEF) Steyr Motors AG has been officially listed on the Vienna Stock Exchange, with trading starting in the exchange-regulated direct market plus segment. The company’s shares opened at EUR 14.90, bringing the market capitalization to EUR 77.48 million. Steyr … Read the full press release

KfW ifo Business Climate Index Sees Minor Improvement, Driven by Service Sector Optimism

(IN BRIEF) In January 2025, Germany’s small and medium-sized enterprises (SMEs) saw a slight improvement in business sentiment, with the KfW ifo Business Climate Index rising by 0.6 points to -21.4 balance points. Despite this increase, sentiment remains well below … Read the full press release

HBOR Commits €20 Million to EIF-Led Three Seas Initiative Innovation Fund

(IN BRIEF) The Croatian Bank for Reconstruction and Development (HBOR) has pledged €20 million to the Three Seas Initiative Innovation Fund, which supports growth-stage businesses in Central and Eastern Europe. This makes HBOR the fourth contributor to the fund, following … Read the full press release

EIF Allocates €30 Million to Support Swedish SMEs in Green Transition through Impact Lending Fund

(IN BRIEF) The European Investment Fund (EIF) has committed up to 320 million Swedish kronor (about €30 million) to Swedish Impact Lending 1, a pioneering green-financing initiative targeting small and medium-sized enterprises (SMEs) in Sweden. Managed by Svenska Hållbarhetsfonden Förvaltnings … Read the full press release

eVTOLUTION: Pioneering the Future of Urban Air Mobility

(IN BRIEF) The Horizon Europe project eVTOLUTION held its first public workshop, “Novel Tools for Novel Aircraft,” on February 6, 2025, at the GKN Technology Center in Bristol, UK. The event marked a significant milestone, where project partners shared initial … Read the full press release

EIF Backs Nordic Climate-Tech Innovation with €34.6 Million Commitment to Course Corrected VC Fund II

(IN BRIEF) The European Investment Fund (EIF) has pledged €34.6 million to Course Corrected VC Fund II, a venture-capital fund dedicated to backing early-stage climate-tech companies in the Nordic region. This funding will help the fund reach its target size … Read the full press release

EIB Green Loan to ACA Boosts Water Infrastructure and Climate Resilience in Abruzzo

(IN BRIEF) The European Investment Bank (EIB) has granted a €30 million green loan to Azienda Comprensoriale Acquedottistica S.p.A (ACA), marking the first such loan to a company in Abruzzo. The financing, backed by InvestEU, will support ACA’s efforts to … Read the full press release

UniCredit Wins Global Bank of the Year 2024 and EMEA Loan House of the Year

(IN BRIEF) UniCredit has been named Global Bank of the Year 2024 and EMEA Loan House of the Year by IFR, marking a significant achievement in the bank’s ongoing transformation. The recognition highlights UniCredit’s leadership in banking and its successful … Read the full press release

AD Ports Group and CMA CGM Group Strengthen Partnership with New Multipurpose Terminal Venture in Pointe Noire

(IN BRIEF) AD Ports Group and CMA CGM Group have signed a shareholders’ agreement to jointly develop, manage, and operate the New East Mole multipurpose terminal at the Port of Pointe Noire in Congo-Brazzaville. AD Ports Group received a 30-year … Read the full press release

EIF Pledges €40 Million to SevenGen Growth Fund to Boost Sustainable Innovation and Impact

(IN BRIEF) The European Investment Fund has committed €40 million to the SevenGen Growth Fund, which focuses on scaling profitable companies in sustainability-related sectors. The fund will target businesses across the Benelux, Germany, and the Nordics that are poised for … Read the full press release

EIB Increases Support for Czech Republic with €2.47 Billion Investment in Key Infrastructure and SMEs

(IN BRIEF) The European Investment Bank (EIB) has significantly increased its financing in the Czech Republic, rising to €2.47 billion in 2024. This marks a 33% growth from 2023, with key investments in infrastructure, the railway and energy sectors, and … Read the full press release

EIB Supports Czech Rail Upgrades with €466 Million Loan to Enhance Sustainability and Safety

(IN BRIEF) The EIB is loaning €466 million to the Czech Republic to upgrade railway infrastructure as part of a larger European effort to improve rail services and meet climate goals. The funding will support key projects such as the … Read the full press release

EIB Prices EUR 5bn 5-Year Bond with Strong Demand and Oversubscription

(IN BRIEF) The European Investment Bank (EIB) successfully priced a EUR 5bn, 5-year EARN benchmark bond on February 5, 2025, with a coupon of 2.375% and a spread of +28.8bps over the OBL 191. The bond issuance was heavily oversubscribed, … Read the full press release