Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

EIF Partners with BluOr Bank to Offer €30 Million in Green Financing for Latvian SMEs

(IN BRIEF) The EIF and BluOr Bank have signed an agreement to provide up to €30 million in financing for Latvian SMEs working on green projects. Supported by the EU’s InvestEU programme, this initiative aims to help businesses improve energy … Read the full press release

EIF and EIFO Sign First Deal Under EU’s Ukraine Export Credit Facility to Boost EU-Ukraine Trade

(IN BRIEF) The EIF and EIFO have signed the first deal under the EU’s Ukraine export credit guarantee facility, which supports European businesses exporting to Ukraine. The facility, offering up to €20 million in guarantees, aims to enhance trade between … Read the full press release

EBRD Approves New Five-Year Strategy for Bulgaria, Focusing on Green Transition and Competitiveness

(IN BRIEF) The EBRD has approved a new strategy for Bulgaria, focusing on the green transition, competitiveness, and resilience through 2030. The Bank’s investments in Bulgaria have grown significantly, with a focus on sustainable infrastructure and private sector development. The … Read the full press release

LBBW and German Centre Singapore Celebrate 30 Years of Supporting German Businesses in Southeast Asia

(IN BRIEF) LBBW and its subsidiary, German Centre Singapore, are celebrating 30 years of helping German companies expand into Southeast Asia. LBBW’s Singapore branch, established in 1995, serves as the bank’s largest location in Asia and a regional hub managing … Read the full press release

EIB Grants €150 Million Loan to Acqua Novara.VCO for Water Infrastructure Upgrades in Piedmont

(IN BRIEF) The European Investment Bank (EIB) has granted €150 million to Acqua Novara.VCO to help fund a €300 million investment plan for the modernization of water and wastewater services in the Italian provinces of Novara and Verbano-Cusio-Ossola. The project, … Read the full press release

Visa Partners with Klarna to Launch the Klarna Card, Combining Debit Flexibility and Pay Later Options

(IN BRIEF) Visa has teamed up with Klarna to launch the Klarna Card, a flexible debit product that allows consumers to pay immediately or later at over 150 million Visa-accepting merchants worldwide. The card features Visa’s Flexible Credential, offering users … Read the full press release

EIB and Leyden Labs Secure €20 Million Financing to Advance Pandemic Preparedness with Innovative Nasal Spray

(IN BRIEF) The European Investment Bank (EIB) has signed a €20 million financing deal with Leyden Laboratories to support the development of its innovative pan-influenza nasal spray, which aims to protect against seasonal and pandemic viral infections. The funding, guaranteed … Read the full press release

EIB and European Commission Renew Agreement to Accelerate Decarbonisation Projects with Innovation Fund Support

(IN BRIEF) The European Commission and the European Investment Bank have renewed the Project Development Assistance (PDA) agreement under the Innovation Fund, providing expanded technical and financial support for innovative decarbonisation projects. The renewed agreement increases the PDA’s budget from … Read the full press release

KfW Reports Record Number of Younger Entrepreneurs Driving Growth in Germany’s Start-Up Scene

(IN BRIEF) Germany’s entrepreneurial landscape in 2024 saw a notable shift toward younger business founders, with the average age of new entrepreneurs dropping to 34.4 years. A 3 percent rise in new business registrations marked a slight recovery, largely driven … Read the full press release

EIF and Citadele Bank Partner to Provide Up to €138 Million in Preferential Loans for Baltic Businesses

(IN BRIEF) Citadele Bank, with EIF support, has launched a €138 million loan programme aimed at SMEs and microbusinesses in Estonia, Latvia, and Lithuania. The initiative, backed by the European Commission’s InvestEU programme, will offer loans with low interest rates, … Read the full press release

Yusuf Demiral Joins Standard Chartered as Global Head of WRB Data, Analytics & AI

(IN BRIEF) Standard Chartered has appointed Yusuf Demiral as the Global Head of Wealth & Retail Banking (WRB) Data, Analytics & AI, a newly created position aimed at enhancing the client journey through data and AI. With over 25 years … Read the full press release

KfW Report: Decline in Germany’s SMEs Engaged in International Trade as Geopolitical and Economic Challenges Mount

(IN BRIEF) Germany’s small and medium-sized enterprises (SMEs) have significantly reduced their international business activities, with the number of businesses operating abroad falling from 880,000 in 2022 to around 763,000 in 2023. Despite this, businesses that continued to operate internationally … Read the full press release

Kentaro Koyama of Deutsche Bank Honored with 2024 Forecast Accuracy Award for Japan’s Economic Predictions

(IN BRIEF) Kentaro Koyama, Chief Economist for Japan at Deutsche Securities, has been awarded the 2024 Forecast Accuracy Award for Japan by Consensus Economics. His predictions for Japan’s real GDP growth and inflation were recognized for their exceptional accuracy over … Read the full press release

Metriks AI Successfully Lists on Euronext Growth Milan, Raising €4.2 Million

(IN BRIEF) Metriks AI has successfully listed on Euronext Growth Milan, marking the 11th listing on the exchange for 2025. The AI-focused company raised €4.2 million in its placement phase and aims to expand its integrated digital solutions for SMEs … Read the full press release

Garanti BBVA Enhances Mobile App with GarantiPay and NFC Features for Seamless Card-Free Payments

(IN BRIEF) Garanti BBVA’s latest mobile app update introduces GarantiPay and NFC contactless payment features, allowing customers to make card-free payments in stores and online. This update enhances the bank’s commitment to innovation and convenience by enabling Android users to … Read the full press release

EIB Partners with Teknia for €30 Million Loan to Support Sustainable Manufacturing in the Automotive Sector

(IN BRIEF) The European Investment Bank (EIB) has provided a €30 million loan to Teknia, a Spanish automotive component manufacturer, to support its research and development efforts in sustainable manufacturing technologies across Europe. The loan will help Teknia reduce CO2 … Read the full press release

Royal Bank of Canada Becomes First Canadian Clearing Member of LCH CDSClear

(IN BRIEF) The Royal Bank of Canada (RBC) has joined LCH CDSClear as its first Canadian clearing member, gaining access to the platform’s broad range of credit derivative products. This move enhances RBC’s risk management capabilities while enabling the bank … Read the full press release

EIB Provides €90 Million Loan to Bordeaux Métropole Énergies to Drive Green Transition in Gironde

(IN BRIEF) The European Investment Bank has provided a €90 million loan to Bordeaux Métropole Énergies to support its 2024-2028 strategic plan, focusing on renewable energy projects and energy-efficient building renovations. This funding will aid in the development of solar … Read the full press release

SIX Group Chairman Thomas Wellauer to Conclude Term at AGM 2026

(IN BRIEF) Thomas Wellauer, Chairman of the Board of Directors at SIX Group, has announced that he will not stand for re-election at the AGM in 2026. Under his leadership since 2020, SIX has seen significant strategic and operational advancements, … Read the full press release

TreeFrog Therapeutics Secures €30 Million from EIB to Advance Parkinson’s Disease Cell Therapy

(IN BRIEF) TreeFrog Therapeutics has secured €30 million in financing from the European Investment Bank to advance its cell therapy program for Parkinson’s disease and support the development of its internal pipeline targeting diseases with high unmet needs. The funding, … Read the full press release