(IN BRIEF) The European Investment Fund (EIF) and Invest-NL have invested in Dutch venture capital firm 4impact capital’s second fund, which closed at €68 million. This fund will support around 25 early-stage digital companies across north-western Europe focused on societal … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Netherlands, News, Technology
Tagged 4impact capital, EIF, Europe, Invest-NL, Jellie Banga, Marjut Falkstedt, Netherlands, partnership, Pauline Wink, sustainability, Tech Startups
(IN BRIEF) The EIB’s Finance in Africa 2024 report shows a nearly threefold increase in African fintech companies since 2020, significantly improving financial access across the continent. However, challenges like limited credit and high financing costs still impede economic growth. … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Africa, climate challenges, Debora Revoltella, EIB, Financial, partnership, sustainability, Thomas Östros
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has pledged an additional €3 billion to expand its Green Cities programme, supporting sustainable urban development across 50+ cities. The programme introduces enhanced Green City Action Plans (GCAPs), with updated … Read the full press release
(IN BRIEF) The EBRD, with EU support, has launched the SME Go Green programme to finance green economy investments for small and medium-sized enterprises (SMEs) in Serbia and the Western Balkans. Starting with €120 million in funding, with plans to … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Marketing, News, Serbia, Small Business, Technology, United Kingdom
Tagged EBRD, EU, investments, Matteo Colangeli, Nicola Bertolini, partnership, SERBIA, SME Go Green Programme, sustainability
(IN BRIEF) The European Investment Bank (EIB) has committed €10.3 billion to support various European sectors, including agriculture, energy, water, education, and innovation. This funding includes €900 million for immediate reconstruction in flood-affected areas and a landmark €3 billion initiative … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged agriculture, Climate-Resilient, EIB, ENERGY, Europe, infrastructure, Nadia Calviño, partnership, sustainability
(IN BRIEF) Standard Chartered and Ant International have completed SGD-denominated liquidity transfers using Ant’s blockchain-powered Whale platform, advancing real-time, 24/7 treasury management. The platform uses blockchain and AI to enhance fund transfer efficiency, transparency, and security for Ant’s global treasury … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Financial, Government, Industrial, Infrastructure & Utilities, Internet & Online, Investment, Management, Marketing, News, Technology, United Kingdom
Tagged 24/7 Liquidity Transfers, AI, Ant International, Blockchain-Powered Whale Platform, Kelvin Li, Mahesh Kini, partnership, Singapore, Standard Chartered
(IN BRIEF) Crédit Agricole Immobilier has completed its acquisition of Nexity Property Management, a subsidiary specializing in commercial and residential asset management, solidifying its position as the leading institutional property management player in France. This acquisition enhances Crédit Agricole Immobilier’s … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has led a €6 million pre-series A investment round in the Estonian company Miros, marking its first venture capital investment in Estonia. This funding, which also involves Tera Ventures and … Read the full press release
Posted in Artificial Intelligence (AI), Banks, Business, Economy, Estonia, Financial, Government, Industrial, Internet & Online, Investment, Management, Marketing, News, Retail, Technology, United Kingdom
Tagged AI innovation, Aziza Zakhidova, E-Commerce, EBRD, Estonia, Heikki Haldre, investment, leadership, Miros, partnership, retail, Toomas Hendrik Ilves
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved an updated Access to Information Policy, which will take effect on January 1, 2025. This revised framework aims to improve transparency, accessibility, and accountability in the Bank’s information-sharing … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged accessibility, accountability, EBRD, finacial, Information Policy, investment, transparency
(IN BRIEF) Swiss Re is selling its iptiQ European P&C business to Allianz Direct, including its Luxembourg-based risk carrier, over 100 employees, and existing distribution agreements in several European markets. This move aligns with Swiss Re’s strategy to exit iptiQ, … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Insurance, Investment, Luxembourg, Management, News, Switzerland
Tagged acquisition, Allianz Direct, iptiQ European P&C Business, Jef Van In, Luxembourg, partnership, Philipp Kroetz, Swiss Re
(IN BRIEF) The Zencap European Sustainable Transition II (ZEST II) fund has successfully closed at €255 million, surpassing its target with a €75 million investment from the European Investment Fund (EIF) under InvestEU. This funding enables ZEST II to back … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIF, energy projects, Europe, European Union, investments, Marjut Falkstedt, partnership, sustainability, Zencap European Sustainable Transition II (ZEST II)
(IN BRIEF) Lloyds Banking Group has become the first UK bank to earn the Fertility Friendly Employer Accreditation, demonstrating its commitment to supporting employees through fertility-related challenges. Awarded by Fertility Matters at Work, the accreditation recognizes Lloyds’ policies on fertility … Read the full press release
Posted in Awards, Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Society, United Kingdom
Tagged Awards, DE&I initiatives, environmental, family-friendly workplace, Fertility Friendly Employer Accreditation, Fertility Matters at Work (FMAW), fertility treatment leave, Inclusive Workplace Policies, leadership, Lloyds Banking Group, pregnancy loss support, Rachel Osikoya, society, UK Bank
(IN BRIEF) LCH has appointed Michel Semaan as the new Global Head of RepoClear, where he will lead the service’s next growth phase, focusing on expanding clearing memberships and advancing RepoClear’s Sponsored Clearing models. Reporting to the CEOs of LCH … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, International Trade, Investment, Management, Marketing, News, United Kingdom
Tagged appointment, Corentine Poilvet-Clediere, Daniel Maguire, Euro and Sterling Repo Markets, France, Global Head of RepoClear, Isabelle Girolami, LCH, leadership, LSEG, Michel Semaan
(IN BRIEF) Allianz X has partnered with AlTi Global to launch a private markets investment platform tailored for ultra-high-net-worth clients, initially focusing on private debt. Through this joint venture with Allianz Global Investors, the program will provide UHNW investors with … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Government, Industrial, Insurance, Investment, Management, Marketing, News, Technology
Tagged Allianz X, AlTi Global, investment, investors, Michael Tiedemann, Nazim Cetin, partnership, Private Debt Access, Tobias Pross, USA
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has introduced a pioneering risk-sharing facility in Moldova with OTP Bank, enabling €30 million in new financing aimed at supporting the country’s MSMEs, particularly in agriculture and trade. This EU-backed … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Government, Industrial, International Trade, Investment, Management, Moldova, News, Small Business, United Kingdom
Tagged agriculture, Bogdan Spuza, Catarina Bjorlin Hansen, EBRD, Financial, Moldovan, MSMEs, OTP Bank Moldova, partnership, sustainability, trade
(IN BRIEF) The European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP) have launched a new €500 million guarantee agreement aimed at bolstering public sector investment across Italy, particularly in central and southern regions. This initiative, which builds on … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News
Tagged Cassa Depositi e Prestiti (CDP), EIB, investment, Italy, partnership, public sector, sustainability
(IN BRIEF) Maersk has inaugurated its first bonded warehouse in Northern Vietnam at SLP Park in Hai Phong, a key logistics hub in the region. The facility, equipped with advanced inventory and energy-saving technology, enhances Maersk’s storage and logistics capabilities, … Read the full press release
(IN BRIEF) Maersk has opened its largest distribution center in the Philippines, the 10-hectare Maersk Optimus Distribution Center in Calamba, Laguna, to strengthen logistics for Southern Luzon. Attended by President Ferdinand R. Marcos Jr. and Trade Secretary Cristina A. Roque, … Read the full press release
Posted in Business, Denmark, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Transportation & Logistics
Tagged Cristina A. Roque, Maersk, partnership, Philippine Distribution Center, President Ferdinand R. Marcos Jr., Southern Luzon, sustainability, Trade and Connectivity
(IN BRIEF) Finnish land-based fish farming company Fifax has secured a €2.5 million loan from Nefco to boost its Eckerö facility, one of the largest of its kind in Northern Europe. Using environmentally friendly Recirculating Aquaculture Systems (RAS), Fifax recycles … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged eco-friendly, expansion, Fifax, fish farming, Helena Lähteenmäki, investment, NEFCO, northern Europe, partnership, Samppa Ruohtula, sustainability
(IN BRIEF) Insurance Europe has appointed Thea Utoft Høj Jensen as its new director general, set to succeed Michaela Koller, who has held the position for 18 years. Jensen, a seasoned professional with a background in financial services and European … Read the full press release
Posted in Banks, Belgium, Business, Economy, Financial, Industrial, Insurance, Investment, Management, News, Technology
Tagged appointment, Frédéric de Courtois, Insurance Europe, leadership, Michaela Koller, Thea Utoft Høj Jensen
(IN BRIEF) Barclays has completed the acquisition of Tesco Bank’s retail banking business, including credit cards, loans, and deposits, now managed under Barclays UK. This acquisition, supported by a new 10-year partnership with Tesco, will enable Barclays to offer Tesco-branded … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Retail, United Kingdom
Tagged acquisition, Barclays, C.S. Venkatakrishnan, credit cards, deposits, financial services, loans, partnership, retail business, Tesco Bank, Vim Maru
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted Montenegro a €20 million loan, supplemented by EU funding, to improve energy efficiency in 24 educational buildings, including schools and a student dormitory. The upgrades, which will include … Read the full press release
Posted in Banks, Business, Economy, Education, Energy, Gas & Oil, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, Montenegro, News, Technology, United Kingdom
Tagged Anđela Jakšić Stojanović, EBRD, energy efficiency, EU, Johann Sattler, Montenegro, Novica Vuković, partnership, Remon Zakaria, SCHOOLS, Sue Barrett, sustainability
(IN BRIEF) Standard Chartered has conducted its first blockchain-based HKD intra-group transactions with Ant International, using Ant’s Whale platform for more efficient treasury management. This collaboration demonstrates both companies’ commitment to leveraging advanced technology for secure, transparent transactions, with Standard … Read the full press release
(IN BRIEF) SIX Swiss Exchange has welcomed abrdn Investments as a new ETF issuer with the launch of its “abrdn Future Real Estate UCITS ETF.” This actively managed ETF offers investors access to global real estate markets through abrdn’s expertise, … Read the full press release
Posted in Business, Economy, Financial, Industrial, International Trade, Investment, Management, News, Real Estate, Switzerland
Tagged abrdn, Gregor Braun, partnership, Real Estate ETF Offerings, SIX Swiss Exchange, Yassar Ali
(IN BRIEF) Crédit Agricole Leasing & Factoring (CAL&F) has signed a Share Purchase Agreement to acquire Merca Leasing, a leading independent leasing company in Germany, pending regulatory approvals. This acquisition aligns with CAL&F’s strategy to enhance its presence in the … Read the full press release
Posted in Banks, Business, Economy, Financial, France, Germany, Government, Industrial, Investment, Management, News, Small Business
Tagged acquisition, Crédit Agricole Leasing & Factoring, Germany, Hervé Varillon, Merca Leasing, partnership, SMEs, Ulrich Helmdach
(IN BRIEF) On October 30, 2024, the EIB Group showcased the progress of the European Tech Champions Initiative (ETCI) during an event in Madrid, emphasizing its role in supporting high-growth technology scale-ups across Europe. Since its launch in 2023, the … Read the full press release
Posted in Awards, Banks, Business, Economy, Financial, Government, Industrial, Investment, Luxembourg, Management, Media, News, Spain, Technology
Tagged Awards, Carlos Cuerpo, EIB, EIF, European Tech Champions Initiative, leadership, Madrid, Manuel Illueca Muñoz, Marjut Falkstedt, Nadia Calviño, partnership
(IN BRIEF) Cogefeed has officially listed on the professional segment of Euronext Growth Milan, marking its entry as the 18th company on this market in 2024 and the 39th listing on Euronext overall this year. Known for its focus on … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, International Trade, Investment, Italy, Management, News, Technology
Tagged Cogefeed, Daniele Filizola, Euronext, expansion, Milan, partnership, renewable energy, sustainability
(IN BRIEF) DWS has named Oli Saunders as its new Chief Brand Officer, a role dedicated to amplifying the company’s brand globally. Saunders, reporting to Global Head of Communications, Brand & CSR Sebastian Kraemer-Bach, brings a wealth of experience in … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Industrial, Investment, Management, News, Technology
Tagged appointment, Chief Brand Officer, DWS, leadership, Oli Saunders, Sebastian Kraemer-Bach
(IN BRIEF) The European Investment Bank (EIB) and WWF have forged a four-year partnership to promote Nature-based Solutions (NbS) in Europe, aiming to enhance climate resilience and biodiversity restoration. Formalized at COP16 in Colombia, this collaboration will focus on ecosystem … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has approved a €300 million loan to help Red Eléctrica construct the Salto de Chira pumped-storage hydroelectric plant on Gran Canaria. This innovative project integrates a 200 MW power plant with a desalination … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain
Tagged EIB, energy security, Gran Canaria, Hydroelectric Project, Jean-Christophe Laloux, partnership, Roberto García Merino, Salto de Chira, sustainability
(IN BRIEF) The European Investment Bank (EIB) and the European American Chamber of Commerce New York (EACCNY) have established the Transatlantic Resilient Infrastructure Alliance (TRIA) to mobilize private sector investment for infrastructure projects in low- and middle-income countries. Bringing together … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged EIB, European American Chamber of Commerce New York (EACCNY), investment, Markus Berndt, partnership, sustainability, Transatlantic Resilient Infrastructure Alliance (TRIA), USA, Yvonne Bendinger-Rothschild
(IN BRIEF) DWS Xtrackers has debuted on the SIX Swiss Exchange with two new cryptocurrency-backed Exchange-Traded Products (ETPs), focusing on Bitcoin and Ethereum. As the 17th crypto ETP issuer on SIX, DWS Xtrackers strengthens its position in the digital asset … Read the full press release
(IN BRIEF) ACEA has secured €500 million in financing from the European Investment Bank (EIB) and Cassa Depositi e Prestiti (CDP), backed by SACE, to upgrade the electricity distribution network managed by Areti in Rome and Formello. This investment, aimed … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News, Technology
Tagged ACEA, Alessandra Ricci, Cassa Depositi e Prestiti (CDP), Dario Scannapieco, EIB, energy infrastructure, Fabrizio Palermo, Gelsomina Vigliotti, investment, partnership, Rome, SACE, sustainability
(IN BRIEF) The European Investment Bank (EIB) has granted an additional €264 million to the ongoing redevelopment of Stockholm’s Slussen area, which aims to modernize infrastructure and enhance sustainability. This funding builds on an earlier €382 million loan and will … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Sweden, Technology
Tagged EIB, modernization, partnership, Slussen Revamp, Sofie Nilvall, Stockholm, sustainability, Thomas Östros, urban development
(IN BRIEF) Vantage Drilling, an offshore drilling contractor, has listed on Euronext Growth Oslo, achieving a market capitalization of NOK 3.8 billion with an initial share price of NOK 287. This marks the ninth listing on Oslo’s market this year … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Government, Industrial, Infrastructure & Utilities, International Trade, Investment, Management, Marketing, News, Norway
Tagged Bermuda, Eirik Høiby Ausland, Euronext, Ihab Toma, market capitalization, Oslo, Vantage Drilling, Øivind Amundsen
(IN BRIEF) Garanti BBVA Kripto has partnered with Ripple and IBM to advance its digital asset platform, enhancing security and performance for its users. Through these collaborations, Garanti BBVA Kripto aims to strengthen its infrastructure to meet rising demand for … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Security & Safety, Spain, Technology, Turkey
Tagged Aaron Sears, BBVA, digital asset, Garanti BBVA, Garanti BBVA Kripto, IBM, Işıl Kılınç Gürtuna, Korcan Abalı, partnership, Ripple, SECURITY, Turkey, USA
(IN BRIEF) Finland’s battery sector is surging as green initiatives and the electrification of transport accelerate the demand for lithium and battery chemicals. Sibanye-Stillwater’s Keliber project, located in Central Ostrobothnia, Finland, seeks to become Europe’s first fully integrated producer of … Read the full press release
(IN BRIEF) The European Investment Fund (EIF) has finalized agreements with seven Romanian banks, unlocking an additional €500 million in financing for small and medium-sized enterprises (SMEs) in Romania. The agreements will allow banks to offer SMEs better loan terms, … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Romania, Small Business, Technology
Tagged Alpha Bank, BRD Groupe Société Générale, competitive, EIF, financing, Garanti BBVA, Intesa Sanpaolo Bank, Libra Internet Bank, Marjut Falkstedt, niCredit Bank, partnership, Patria Bank, Romania, SMEs, sustainability
(IN BRIEF) The European Investment Bank (EIB) is actively participating in the Eurosystem’s exploration of distributed ledger technology (DLT) for settling wholesale financial transactions in central bank money. The EIB will be involved in two distinct projects under this initiative, … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged DLT, EIB, Eurosystem, Wholesale Financial Settlements, Xavier Leroy
(IN BRIEF) The European Investment Bank’s (EIB) 2024 Investment Survey reveals that over 60% of EU companies have already invested in climate change mitigation and adaptation, while more than 70% have embraced digital transformation. The survey, covering 12,000 firms across … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Industrial, Investment, Luxembourg, Management, News, Small Business, Technology
Tagged businesses, Climate, digital, digital technologies, economic challenges, EIB, EU, INNOVATION, investments, sustainability
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