Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Crédit Agricole Italia Appoints Hugues Brasseur as New CEO, Giampiero Maioli to Become Chairman

(IN BRIEF) On February 12, 2025, Crédit Agricole Italia’s Board of Directors appointed Hugues Brasseur as the new CEO, effective after the General Meeting on April 23, 2025, where he will also be nominated Managing Director. He will replace Giampiero … Read the full press release

DPG Media Partners with EIB for €120 Million Loan to Drive Digital Transformation

(IN BRIEF) DPG Media Group has secured a €120 million loan from the European Investment Bank (EIB) as part of its ongoing digital transformation, which involves investing €392 million in the period 2024-2026. The loan will help accelerate the company’s … Read the full press release

EIB and Santander Partner to Unlock €8 Billion for Europe’s Wind Energy Industry

(IN BRIEF) The European Investment Bank (EIB) and Santander have signed a €500 million counter-guarantee agreement, allowing Santander to create a portfolio of guarantees worth up to €1 billion. This agreement is expected to unlock €8 billion in investments to … Read the full press release

EIB Global, UNDP, and EU Delegation Drive Green Transition Financing in Serbia

(IN BRIEF) EIB Global, alongside the UNDP, the EU Delegation to Serbia, the Ministry of Environmental Protection, and the Association of Serbian Banks, co-hosted a conference to promote green transition financing in Serbia. The event emphasized the importance of establishing … Read the full press release

Philippe Maillard Appointed Chief Operating Officer of BNP Paribas to Drive Operational and Technological Transformation

(IN BRIEF) Philippe Maillard has been appointed as the new Chief Operating Officer (COO) of BNP Paribas, effective 11 February 2025. Maillard, who previously served as COO of BNP Paribas’ Corporate & Institutional Banking (CIB) division, will now join the … Read the full press release

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