Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

SEB Kort rebrands Eurocard corporate services under Airplus to strengthen European corporate payments offering

(IN BRIEF) SEB Kort has begun rebranding Eurocard’s corporate services to operate under the Airplus name starting in September 2025. Eurocard will continue as a consumer card, while Airplus becomes SEB Kort’s dedicated brand for corporate payments. The transition follows … Read the full press release

Swiss Re highlights climate losses, AI transformation, and geopolitical uncertainty as critical themes at Monte Carlo reinsurance talks

(IN BRIEF) At the Rendez-Vous de Septembre in Monte Carlo, Swiss Re has highlighted how climate change, geopolitical uncertainty, and artificial intelligence are reshaping the global re/insurance market. The company warns that insured losses from natural catastrophes, which have exceeded … Read the full press release

EIB Group names María Romano to lead Madrid Office and strengthen institutional agenda in Spain

(IN BRIEF) The European Investment Bank Group has named María Romano as the new Head of its Madrid Office, where she will lead institutional relations and coordinate support for major projects in Spain. Romano, who succeeds Fernando Torija, has extensive … Read the full press release

EBRD exits Bank of Cyprus with sale of remaining 5 per cent stake after decade of support

(IN BRIEF) The European Bank for Reconstruction and Development has sold its entire 5 per cent holding in the Bank of Cyprus, amounting to over 22.4 million shares, through an accelerated bookbuild on the Athens Stock Exchange. The EBRD first … Read the full press release

Evri and DHL eCommerce UK merger cleared by CMA to form UK’s largest parcel and mail delivery business

(IN BRIEF) The UK’s Competition and Markets Authority has unconditionally approved the merger of Evri and DHL eCommerce UK, with the transaction expected to complete soon after final approvals. The new Evri Group will become the UK’s leading parcel and … Read the full press release

DHL Express opens new EUR 100 million carbon-neutral gateway at Helsinki-Vantaa Airport to boost Finnish trade

(IN BRIEF) DHL Express Finland has opened a new EUR 100 million logistics gateway at Helsinki-Vantaa Airport, the largest investment in its history in the country. The 16,000 m² carbon-neutral facility is equipped with automated sorting technology that can process … Read the full press release

Intesa Sanpaolo launches September 2025 share buyback to support employee incentive and severance plans

(IN BRIEF) Intesa Sanpaolo will launch a new share buyback programme between 8 and 19 September 2025 to support its 2024 and 2023 incentive plans, as well as severance arrangements. The programme, approved at the April 2025 Shareholders’ Meeting, authorises … Read the full press release

IKEA confirms December 2025 opening of first New Zealand store at Sylvia Park with nationwide Pick-Up Points

(IN BRIEF) IKEA is preparing to open its first store in New Zealand on December 4, 2025, at Sylvia Park in Auckland. Operated by Ingka Group, the 34,000 m² store will offer more than 7,500 products from day one and … Read the full press release

European Investment Bank Group appoints Aimilia Pistrika to lead Nicosia Office and strengthen operations in Cyprus

(IN BRIEF) The European Investment Bank (EIB) Group has appointed Aimilia Pistrika as Head of its Nicosia Office, effective September 1. She succeeds Antonis Papageorgiou, who had served on an interim basis since the office’s inauguration in November by President … Read the full press release

Garanti BBVA Crypto adds Tether trading and transfers to expand stablecoin offerings in Türkiye

(IN BRIEF) Garanti BBVA Crypto, Türkiye’s first bank-backed cryptocurrency platform, has introduced trading and transfers in Tether (USDT) via the Ethereum network. The addition of the world’s largest stablecoin enables users to trade USDT pairs and benefit from the stability … Read the full press release

BBVA partners with SAP Spain to enhance global corporate banking with integrated Multibank Connectivity

(IN BRIEF) BBVA has partnered with SAP Spain to integrate the SAP Multibank Connectivity solution into its corporate banking services via the BBVA Pivot platform. The agreement will roll out across all BBVA markets, enabling companies to manage payments, collections, … Read the full press release

EIB finances €1 million renovation of Hatne school near Kyiv completed in under six months

(IN BRIEF) The European Investment Bank has financed the renovation of Hatne Secondary School near Kyiv with €1 million under the Ukraine Recovery Programme, enabling over 1,300 students, including 300 displaced children, to begin the new academic year in modernised … Read the full press release

EIB and BNP Paribas Leasing Services join forces again with €200 million loan to boost SME and green investment in Poland

(IN BRIEF) The European Investment Bank has provided a €200 million loan to BNP Paribas Leasing Services to stimulate more than €500 million of new investment in Poland, with a minimum of 30% allocated to climate projects such as solar … Read the full press release

Indosuez Wealth Management completes full acquisition of Banque Thaler to strengthen Swiss market presence

(IN BRIEF) Indosuez Wealth Management has finalized the acquisition of Banque Thaler, securing 100% ownership and strengthening its footprint in the Swiss market. The transaction, announced in April 2025 and approved by regulators, aligns with Indosuez’s long-term growth strategy and … Read the full press release

Garanti BBVA integrates crypto portfolios into mobile app for seamless investment management in Türkiye

(IN BRIEF) Garanti BBVA has integrated crypto asset portfolios into its Garanti BBVA Mobile app, enabling customers in Türkiye to track both traditional and digital investments in one place. The update allows users to view real-time prices, analyze gains and … Read the full press release

Standard Chartered arranges USD 300 million syndicated guarantee for Envision in first sustainable trade finance deal under ICC Principles

(IN BRIEF) Standard Chartered has arranged a syndicated bank guarantee exceeding USD 300 million for Envision Group, supporting the company’s international wind power business and marking the world’s first sustainable trade finance deal aligned with ICC Principles for Sustainable Trade … Read the full press release

Lloyds agrees £100 million loan with Sovereign Network Group to accelerate retrofit of thousands of social homes

(IN BRIEF) Lloyds Banking Group has signed a £100 million loan agreement with Sovereign Network Group (SNG), one of the UK’s largest housing associations, to fund the retrofit of thousands of social homes across England. The deal, backed by the … Read the full press release

EBRD drives sustainable tourism in Montenegro through infrastructure investment and cultural heritage projects

(IN BRIEF) EBRD is supporting Montenegro’s economy by pairing infrastructure investments with cultural heritage initiatives to make tourism more resilient and sustainable. Backed by donors including the EU, Austria and Sweden, the Bank is funding transport and water supply upgrades … Read the full press release

EIB provides €250 million financing to EYDAP for major Athens water infrastructure upgrades

(IN BRIEF) The European Investment Bank has signed a €250 million financing framework with Athens Water Supply and Sewerage Company (EYDAP) to support a €514 million investment plan modernising water and wastewater services for more than four million Attica residents. … Read the full press release

Vienna Insurance Group acquires majority stake in Moldasig, becoming Moldova’s leading insurer

(IN BRIEF) Vienna Insurance Group (VIG) has acquired 80% of Moldasig following a successful public auction, making it the market leader in Moldova with around 30% share. The Share Purchase Agreement with the Moldovan state finalises VIG’s acquisition plan announced … Read the full press release