Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

SIX Announces Leadership Changes with Departures of Javier Hernani and Jochen Dürr

(IN BRIEF) SIX has announced that two of its Executive Board members, Javier Hernani and Jochen Dürr, will leave the company effective 1 February 2025. Hernani, who led the Business Unit Securities Services since the acquisition of BME, expanded its … Read the full press release

TravelPerk Secures $200 Million in Series E Funding to Expand AI-Driven Travel and Expense Management Solutions

(IN BRIEF) TravelPerk, a leader in business travel management software, has secured a $200 million Series E investment co-led by EQT Growth and Atomico, along with participation from other new and existing investors. The funding round, which boosts TravelPerk’s valuation … Read the full press release

EIB’s €230 Million Loan Supports UZ Leuven’s Infrastructure Overhaul and Research Growth in Belgium

(IN BRIEF) UZ Leuven has secured a €230 million loan from the European Investment Bank (EIB) to support its expansion and modernization efforts as part of its “Health Sciences Campus 2.0” masterplan. The funding will be used to upgrade critical … Read the full press release

EIB Global Loan Boosts SES’s O3b mPOWER Satellite Network to Enhance Connectivity and Bridge the Digital Divide

(IN BRIEF) SES has secured a €125 million loan from EIB Global to expand its O3b mPOWER satellite network with three additional satellites. The loan will support the network’s efforts to provide high-performance broadband to underserved regions, particularly in Africa, … Read the full press release

ABN AMRO Highlights Early Decarbonisation Investments as Key to Long-Term Financial Gains

(IN BRIEF) ABN AMRO’s research emphasizes the financial advantages of early investment in decarbonisation technologies. Companies that invest before 2029 are expected to benefit from lower costs and enhanced competitiveness, helping them meet climate goals. Available technologies, such as electrification, … Read the full press release

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