Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Newly Appointed Chief Brand Officer Oli Saunders to Drive Global Brand Strategy for DWS

(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

European Investment Bank and WWF Partner to Drive Nature-Based Climate Resilience Across Europe

(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

EIB Backs Gran Canaria’s Energy Security with €300 Million Loan for Salto de Chira Hydroelectric Project

(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

EIB and EACCNY Launch Alliance to Drive Sustainable Infrastructure Investment in Developing Regions

(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

DWS Xtrackers Joins SIX Swiss Exchange, Boosting Regulated Crypto Investment with New Bitcoin and Ethereum ETPs

(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

EIB and CDP Invest €500 Million in ACEA to Boost Rome’s Energy Infrastructure and Support Green Transition

(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

EIB Boosts Funding for Stockholm’s Slussen Revamp, Advancing Sustainable Urban Development

(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

Vantage Drilling Debuts on Euronext Growth Oslo with NOK 3.8 Billion Market Capitalization

(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

Garanti BBVA Kripto Strengthens Security and Growth with Ripple and IBM Partnerships in Response to Rising Digital Asset Demand

(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

Finnvera’s Financial Support Helps Propel Sibanye-Stillwater’s Keliber Lithium Project to Lead Europe’s Battery Supply Chain

(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

EIF Unlocks €500 Million to Support Romanian SMEs with Competitive and Sustainable Financing

(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

EIB to Lead Two Projects in Eurosystem’s Exploration of DLT for Wholesale Financial Settlements

(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

EU Businesses Lead Climate and Digital Investments Despite Economic Challenges, EIB Survey Shows

(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

Lifecare Transitions to Euronext Oslo Børs as It Moves Closer to Market with Innovative Diabetes Technology

(IN BRIEF) Lifecare, a Norwegian medtech company developing implantable sensors for glucose and biomarker monitoring, has transitioned from Euronext Growth Oslo to the main Euronext Oslo Børs market. This marks a significant milestone for the company, with a market capitalization … Read the full press release

Würth Group Successfully Issues EUR 500 Million Bond to Strengthen Financial Liquidity and Strategy

(IN BRIEF) The Würth Group has successfully issued a EUR 500 million bond with a nearly 7-year term and a 3% fixed interest rate. The bond issuance follows a well-received European roadshow, where Würth presented its strategic plans and financial … Read the full press release

EIB and Deutsche Leasing Partner to Boost Green Transformation of Small Businesses with €200 Million Financing

(IN BRIEF) The European Investment Bank (EIB) and Deutsche Leasing have signed the second tranche of a €560 million project to support the green transformation of small and medium-sized enterprises (SMEs) and mid-caps in Germany and Eastern Europe. With €200 … Read the full press release

Altor Sells Carnegie Investment Bank to DNB, Marking a New Chapter for the Leading Nordic Firm

(IN BRIEF) Altor Fund III has announced the sale of Carnegie Investment Bank, a top Nordic investment bank and asset manager, to DNB Bank ASA. Altor acquired Carnegie in 2009 and has since helped the firm grow into a market … Read the full press release

Barry Callebaut Highlights Commitment to Cocoa Farmers and Sustainability During Cocoa Horizons Week

(IN BRIEF) Barry Callebaut is celebrating Cocoa Horizons Week to showcase its commitment to sustainable cocoa sourcing and improving the livelihoods of cocoa farmers through its Cocoa Horizons Foundation. Founded in 2015, the foundation focuses on addressing challenges in cocoa … Read the full press release

Global Finance Leaders Show Optimism, Emphasizing Innovation and Adaptation in SIX Future of Finance Study

(IN BRIEF) The SIX Annual Future of Finance Study reveals that 53% of global financial executives are optimistic about economic improvement in the coming year, though many recognize the need for strategic adjustments to harness growth opportunities. Key growth drivers … Read the full press release

EBRD Funds A101’s Green and Inclusive Growth with $200 Million Sustainability Loan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a $200 million loan to Turkish retailer A101 to support its sustainability efforts. The loan will help A101 reduce energy consumption, install solar panels, and expand its store … Read the full press release