(IN BRIEF) The European Investment Bank (EIB) has committed over €60 million in EU-backed funding to support critical infrastructure projects in Ukraine as part of its Ukraine Solidarity Urgent Response package. This includes €43.48 million to reconstruct the war-damaged M01 … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology, Transportation & Logistics, Ukraine
Tagged EIB, European Union, infrastructure, partership, Rebuild, sustainability, Teresa Czerwinska, UKRAINE, Valdis Dombrovskis
(IN BRIEF) At the 2024 Africa Investment Forum in Rabat, Morocco, the European Investment Bank (EIB) announced major commitments to support sustainable development in Africa. Key initiatives include a $80 million investment in the Pembani Remgro Infrastructure Fund II, the … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Media, News, Society, Technology
Tagged Africa, Africa Investment Forum, Ambroise Fayolle, European Investment Bank, Inclusion, infrastructure, INNOVATION, partership, sustainability
(IN BRIEF) Global insured losses from natural catastrophes in 2024 are projected to exceed USD 135 billion, marking the fifth consecutive year such losses have surpassed USD 100 billion, according to Swiss Re Institute. Hurricanes Helene and Milton caused nearly … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged Balz Grollimund, Financial, investment, Jerome Jean Haegeli, natural catastrophes, sustainability, Swiss Re
(IN BRIEF) The Austrian financial community has named “AI bubble” as the stock market taboo phrase of 2024, reflecting concerns over the rapid rise in valuations of companies linked to artificial intelligence (AI). While some warn that the high costs … Read the full press release
Posted in Artificial Intelligence (AI), Austria, Banks, Business, Economy, Financial, Industrial, International Trade, Investment, Management, News, Technology
Tagged "AI Bubble", Christoph Boschan, Financial, investment, Manuel Schleifer, Stock Market Taboo Phrase of 2024, Wiener Börse AG, Wolfgang Matejka
(IN BRIEF) Barclays’ Property Insights Report reveals an 8.2% year-on-year rise in rent and mortgage costs in November, driven by homeowners transitioning to higher interest rates. Energy efficiency improvements, such as insulation and solar panels, are a priority for a … Read the full press release
(IN BRIEF) Zurich Insurance Group, a strategic partner of the World Economic Forum, has contributed to the Executive Opinion Survey, which highlights top risks for G20 business leaders. Economic challenges such as downturns, labor shortages, and inflation remain dominant concerns, … Read the full press release
Posted in Artificial Intelligence (AI), Business, Economy, Environment, Financial, Industrial, Insurance, Investment, Management, News, Switzerland
Tagged AI Risks, Carolina Klint, Climate, G20 Business Survey, Marsh McLennan, partnership, Peter Giger, World Economic Forum (WEF), Zurich Insurance Group
(IN BRIEF) Sampo plc has donated €50,000 to the Finnish Red Cross Disaster Relief Fund to support global humanitarian aid for those affected by natural disasters and conflicts. The fund provides essentials like food, water, shelter, and field hospitals, while … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Finland, Government, Industrial, Insurance, Investment, Management, News
Tagged donation, Finnish Red Cross Disaster Relief Fund, health, Johanna Tynkkynen, partnership, Red Cross, safety, Sampo, Sirpa Solehmainen, sustainability, well-being
(IN BRIEF) Saxo Bank has released its annual Outrageous Predictions for 2025, presenting a series of speculative scenarios that, while unlikely, could have dramatic effects on global markets if realized. Highlights include a hypothetical second Trump administration disrupting the US … Read the full press release
Posted in Banks, Business, Denmark, Economy, Financial, Industrial, International Trade, Investment, News, Technology
Tagged economy, Financial, investment, Outrageous Predictions for 2025, Saxo Bank
(IN BRIEF) The EBRD has appointed Miljan Zdrale as Regional Director for Central Europe and Head of Croatia, effective January 2025. With over 20 years of experience at the EBRD, including his current role as Regional Head of Agribusiness for … Read the full press release
Posted in Banks, Business, Croatia, Economy, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged appointment, central Europe, Charlotte Ruhe, EBRD, Head of Croatia, leadership, Mark Davis, Miljan Zdrale, Regional Director
(IN BRIEF) The EBRD has partnered with Zagrebačka banka (ZABA) to launch its first green uncapped portfolio guarantee under the EU’s InvestEU Programme. This €80 million guarantee aims to unlock €100 million in financing for green projects in Croatia, focusing … Read the full press release
Posted in Banks, Business, Croatia, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, United Kingdom
Tagged Charlotte Ruhe, CROATIA, Dalibor Ćubela, EBRD, Green Energy Projects, partnership, sustainability, Zagrebačka banka (ZABA)
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Swedbank Lithuania have partnered to provide €48.4 million in funding for the development of SIRIN PARK GARIŪNAI, a modern logistics park near Vilnius, Lithuania. The project, led by SIRIN … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Management, News, Real Estate, Transportation & Logistics, United Kingdom
Tagged EBRD, investment, Laurynas Kuzavas, Lithuania, logistics hub, Martynas Trimonis, partnership, SIRIN PARK GARIŪNAI, sustainability, Swedbank, Tomas Kairys
(IN BRIEF) The European Investment Bank (EIB) and Andalusian company Cunext have partnered on a €30 million loan to build a copper recycling plant in Córdoba, Spain, using advanced electrolysis technology. The facility will produce high-purity copper cathodes from recycled … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Metals and Minerals, News, Spain, Technology
Tagged Antonio Lorenzo, circular economy, Copper Recycling Plant, Cunext, Dámaso Quintana, EIB, investment, partnership, Spain, sustainability
(IN BRIEF) The European Investment Fund (EIF) has committed €15 million from the Baltic Innovation Fund II to Merito Partners’ ‘Merito Baltic Opportunities I AIF,’ marking its first institutional investment in the fund. Aiming to raise €100 million, the fund … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Latvia, Lithuania, Luxembourg, Management, News, Small Business
Tagged Andris Kotāns, Audrius Mozūras, Baltic region, EIF, Latvia, Lithuania, Marjut Falkstedt, Merito Partners’, Mikus Janvars, partnership, SME, sustainability
(IN BRIEF) The European Investment Bank (EIB) is lending €400 million to Czech energy provider ČEZ to modernize and expand the country’s electricity distribution grid, enabling the integration of up to 5.5 gigawatts of renewable energy. The project, aligned with … Read the full press release
Posted in Banks, Business, Czech Republic, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged ČEZ, Czech Republic, EIB, energy infrastructure, green transition, Kyriacos Kakouris, Martin Novák, partnership, sustainability
(IN BRIEF) Intesa Sanpaolo has announced its 2030 decarbonization targets for four high-emission sectors: Residential Real Estate, Agribusiness-Primary Farming, Cement, and Aluminium, completing its commitment to the Net Zero Banking Alliance (NZBA). The new targets, which build on previous objectives … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Italy, Management, News, Technology
Tagged 2030 Decarbonization, Agribusiness-Primary Farming, aluminium, Cement, High-Emission Sectors, Intesa Sanpaolo, Paola Angeletti, partnership, residential real estate, sustainability
(IN BRIEF) Societe Generale has announced key appointments within its finance division, effective from 2 January 2025. Vincent Robillard will become Co-Head of Group Treasury and ALM, also assuming the role of Group Treasurer, succeeding Agathe Zinzindohoue, who is stepping … Read the full press release
(IN BRIEF) E.ON’s latest H2-Bilanz report highlights modest progress in Germany’s hydrogen economy, driven primarily by IPCEI funding, which has increased the share of hydrogen projects under construction or with investment decisions to 9% of the 2030 target capacity. Electrolysis … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged E.ON, Gabriel Clemens, Germany, H2-Bilanz, hydrogen economy
(IN BRIEF) The European Investment Bank (EIB) and Naturgy have signed the first €400 million tranche of a €1 billion loan to expand renewable energy capacity in Spain. The funding will support the creation of new solar and onshore wind … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Technology
Tagged EIB, Francisco Reynés, Jean-Christophe Laloux, Naturgy, partnership, renewable energy, Spain, sustainability
(IN BRIEF) The European Investment Bank (EIB) has provided €400 million in loans to Komerční banka and SG Equipment Finance Czech Republic (SGEF) to support small and medium-sized enterprises (SMEs) and Mid-Cap companies in the Czech Republic and Slovakia. The … Read the full press release
Posted in Banks, Business, Czech Republic, Economy, Environment, Financial, Industrial, Investment, Luxembourg, Management, News, Slovakia, Small Business, Technology
Tagged Czech Republic, David Formánek, economic growth, EIB, INNOVATION, Komerční banka, Kyriacos Kakouris, partnership, Petr Němec, Slovakia, SMEs, Sóciété Générale Equipment Finance Czech Republic, sustainability
(IN BRIEF) RWE’s Sofia Offshore Wind Farm, located on Dogger Bank off England’s northeast coast, is set to deliver £760 million in economic value during its development and construction phases, including significant contributions to Yorkshire, Humber, and the North East. … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged offshore wind farm, RWE, Sofia, Tom Glover, UK
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