Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

ING Finalizes Deal to Sell Russian Operations to Global Development JSC

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced the sale of its Russian operations to Global Development JSC, marking its exit from the Russian market. The sale includes the transfer of all shares of ING Bank (Eurasia) JSC and its associated activities. Global … Read the full press release

Barclays’ Mortgage Boost Aims to Ease First-Time Buyers’ Path to Home Ownership

(IN BRIEF) Barclays has introduced Mortgage Boost, an initiative aimed at helping first-time buyers borrow more without the need for a larger deposit. The scheme allows family or friends to increase the borrowing capacity without directly lending money, offering a … Read the full press release

NatWest Partners with Serene to Tackle Financial Vulnerability with AI-Driven Solutions

(IN BRIEF) NatWest Group has made a minority investment in Serene, an AI platform designed to help detect and address financial vulnerability. The collaboration will enable the bank to enhance its customer support models and provide personalized solutions for individuals … Read the full press release

LSEG Launches Comprehensive Research & Insights App on Workspace, Simplifying Access to Key Financial Intelligence

(IN BRIEF) LSEG has launched the LSEG Research & Insights app on its Workspace platform, centralizing access to a broad range of proprietary research and insights. This new tool brings together expert content from various financial domains, including commodities, sustainable … Read the full press release

EIF Invests €25 Million in IB Deuda Impacto España to Support Sustainable Development in Spain’s SMEs

(IN BRIEF) The European Investment Fund (EIF) has committed €25 million to the IB Deuda Impacto España fund to support Spanish SMEs involved in high-impact sectors such as rural development, inclusive labor markets, climate, and sustainable agriculture. This investment, which … Read the full press release

UNEP FI and EIB Unveil Human Rights Toolkit to Help Financial Institutions Uphold Ethical Standards

(IN BRIEF) The UN Environment Programme Finance Initiative (UNEP FI) has launched a Human Rights Resource Kit developed with support from the European Investment Bank. This comprehensive toolkit aims to help financial institutions integrate human rights considerations into their operations … Read the full press release

Rabobank and EIB Extend Support for Sustainable SMEs with €300 Million Impact Loan

(IN BRIEF) Rabobank and the European Investment Bank (EIB) have announced the availability of €300 million through a new impact loan aimed at supporting small and medium-sized enterprises (SMEs) focused on sustainable development. This new funding increases Rabobank’s ongoing commitment … Read the full press release

Wolters Kluwer Launches Genya for SMEs: A Cloud-Based Solution to Boost Efficiency in Italian Small Businesses

(IN BRIEF) Wolters Kluwer Tax & Accounting Italia has introduced Genya for SMEs, a cloud-based business management solution designed to improve the efficiency of small and medium-sized enterprises in Italy. The software integrates key business functions like accounting, invoicing, document … Read the full press release

Schroders Leads Sustainable Investing with Full Adoption of FCA’s Sustainability Labels Across 16 Funds

(IN BRIEF) Schroders has confirmed its adoption of all four of the Financial Conduct Authority’s (FCA) Sustainability Disclosure Requirements (SDR) labels, bringing the total number of labels across its funds to 16. This includes labels for three additional funds, namely … Read the full press release

CA Personal Finance & Mobility Strengthens Electric Vehicle Leasing in China with Acquisition of 50% Stake in GAC-Sofinco Leasing

(IN BRIEF) CA Personal Finance & Mobility has finalized its acquisition of a 50% stake in GAC Finance Leasing, now rebranded as Guangzhou GAC-Sofinco Finance Leasing. This move strengthens the partnership with GAC Group and enhances their leasing offerings in … Read the full press release

BBVA Strengthens Tech Talent Pool with Plans to Hire 1,100 New Experts in 2025

(IN BRIEF) BBVA has been actively strengthening its tech talent pool as part of its long-term digital transformation strategy. Over the last three years, the bank added 10,100 technology professionals, with plans to grow its tech-focused workforce to 20,000 by … Read the full press release

International Money Laundering Operation Unraveled with 23 Arrests and Seizures Across Europe

(IN BRIEF) An international investigation led to the arrest of 23 individuals involved in a large-scale money laundering scheme that helped criminals launder approximately EUR 100 million. The group, operating across several countries including Spain, Cyprus, and Germany, used both … Read the full press release

EBRD Provides €35 Million Loan to Support Montenegro’s Energy Infrastructure Upgrade with SCADA, ADMS, and Smart Meters

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a €35 million loan to Crnogorski Elektrodistributivni Sistem (CEDIS) to enhance Montenegro’s energy infrastructure. The funding will be used to introduce advanced SCADA and ADMS systems, along with … Read the full press release

Samotics Secures €20 Million EIB Financing to Accelerate AI-Driven Energy Efficiency and Reliability Solutions

(IN BRIEF) Samotics, a leading Dutch company in electrical data analytics, has secured €20 million in financing from the European Investment Bank (EIB) to accelerate its research and development on AI-driven technology designed to enhance the reliability and energy efficiency … Read the full press release

EIB Vice-President Visits Trifyl’s Facility to Celebrate Success in Circular Economy and Green Transition

(IN BRIEF) EIB Vice-President Ambroise Fayolle visited Trifyl’s headquarters in southern France to tour its advanced waste sorting facility. The EIB’s €40 million loan helped Trifyl complete its Horizon 2030 project, enabling the recycling of 80% of household waste, reducing … Read the full press release

ESM and EIB Sign Memorandum of Understanding to Strengthen Partnership and Economic Resilience

(IN BRIEF) The European Stability Mechanism (ESM) and the European Investment Bank (EIB) have signed a Memorandum of Understanding to deepen their collaboration. The MoU outlines areas for future cooperation, including strategic dialogue, joint events, and staff exchanges. This agreement … Read the full press release

EIB Strengthens Partnership with Albania to Support Green Transition and EU Integration

(IN BRIEF) The European Investment Bank (EIB) has signed agreements with Albania to advance the country’s green transition and EU integration. This includes implementing the Greening Financial Systems programme, which will help Albania incorporate climate risks into its financial framework … Read the full press release

EIB Advises Greek Regions on Green Transition and Lignite Phase-Out with €2.75 Million Fund

(IN BRIEF) The European Investment Bank (EIB) will provide advisory support to five Greek regions to facilitate their transition from lignite-based energy production to sustainable, renewable energy sources. Through a €2.75 million technical assistance fund, the EIB aims to promote … Read the full press release

Las acusaciones de fraude contra Ricardo Salinas no son nuevas: una perspectiva histórica sobre los problemas legales del multimillonario

ASTOR ASSET MANAGEMENT 3 LTD DESTACA LAS PREOCUPACIONES CONTINUAS EN TORNO AL PRESIDENTE DE GRUPO ELEKTRA (NOTICIA EN BREVE) Astor Asset Management 3 Ltd desea llamar la atención sobre los desafíos legales persistentes y las acusaciones recurrentes de actividades poco … Read the full press release

CNP Assurances Receives Prestigious MSCI ESG AAA Rating for Sustainability Efforts

(IN BRIEF) CNP Assurances has been upgraded to an MSCI ESG AAA rating, securing a 9.7/10 score and ranking 5th globally in the “Life and Health Insurance” category. The company’s commitment to sustainability is central to its operations, with a … Read the full press release