Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Montenegrin Companies Invest in Green Technologies with EBRD and EU Backing for Sustainable Growth

(IN BRIEF) Montenegrin companies Merkator International and IceCom are making significant strides in sustainability with the help of a joint initiative from the European Bank for Reconstruction and Development (EBRD) and the European Union (EU). The program helps businesses invest … Read the full press release

OLAF and AFCOS Strengthen Cooperation to Combat Fraud at International Conference

(IN BRIEF) The European Anti-Fraud Office (OLAF) hosted a conference in Brussels with representatives from national Anti-Fraud Coordination Services (AFCOS) across the EU and candidate countries to enhance cooperation in fighting fraud. The event emphasized the need for collective action … Read the full press release

EIB to Unveil New Financial Support for Ukraine and Climate-Affected Nations at Annual IMF and World Bank Meetings

(IN BRIEF) The European Investment Bank (EIB) will announce new financial support for Ukraine and innovative funding solutions for climate-affected nations at the 2024 International Monetary Fund and World Bank Annual Meetings. Led by President Nadia Calviño, the EIB delegation … Read the full press release

Wolters Kluwer Provides Key Compliance Resources for Startups Ahead of Corporate Transparency Act Reporting Deadline

(IN BRIEF) Wolters Kluwer CT Corporation is helping startups navigate the Beneficial Ownership Information (BOI) filing requirements under the Corporate Transparency Act (CTA) by offering resources such as a white paper and podcast. As the deadline approaches, many startups seek … Read the full press release

EIB and European Environment Agency Deepen Partnership to Drive Climate Action and Biodiversity Protection

(IN BRIEF) The European Investment Bank (EIB) and the European Environment Agency (EEA) have strengthened their collaboration through a new Memorandum of Understanding (MoU) to promote climate action, biodiversity protection, and sustainable finance. The partnership will focus on sharing data, … Read the full press release

EIB Supports BeDimensional with €20 Million to Boost Graphene Production and Green Tech Innovation in Europe

(IN BRIEF) The European Investment Bank (EIB) has provided €20 million in financing to BeDimensional SpA, an Italian materials manufacturer, to expand production of advanced graphene and other two-dimensional materials. This investment, backed by the InvestEU programme, will help BeDimensional … Read the full press release

EIB and Malta Development Bank Collaborate to Boost Green Investments with New Green Gateway Report

(IN BRIEF) EIB Vice President Kyriacos Kakouris presented the Green Gateway Report during a visit to the Malta Development Bank (MDB). The report, part of a broader €30 million EIB-funded initiative, outlines opportunities to fast-track climate action and green investments … Read the full press release

CMU OmniClear and SIX Partner to Boost Cross-Border Securities Investment

(IN BRIEF) CMU OmniClear Limited, a subsidiary of the Hong Kong Monetary Authority, has signed a Memorandum of Understanding (MOU) with SIX to enhance cooperation in securities depository and settlement services. This partnership aims to strengthen cross-border investment opportunities by … Read the full press release

EIF Commits €100 Million to Boost Green Energy Projects in Scandinavia through Prime Capital Fund

(IN BRIEF) The European Investment Fund (EIF) has committed €100 million to the Prime Green Energy Infrastructure Fund II (PGEIF II), managed by Prime Capital AG, to support renewable energy projects in Scandinavia. This brings the fund’s total size to … Read the full press release

New €86M EIF and Malta Initiative to Boost SME Competitiveness and Unlock €60M in Investments

(IN BRIEF) The European Investment Fund (EIF) and the Government of Malta have launched a new €86 million initiative to support small and medium-sized enterprises (SMEs) in Malta. The first phase involves a €30 million guarantee through Bank of Valletta, … Read the full press release

EIB and KCB Partner to Boost Kenyan SMEs, Empower Women and Youth with €230M Investment

(IN BRIEF) The European Investment Bank (EIB Global) and KCB Bank Kenya have formed a €230 million (KShs. 32 billion) partnership to support small and medium enterprises (SMEs), with a focus on women and youth-led businesses in Kenya. The investment, … Read the full press release

EIB Backs Vay’s Expansion of Remote-Driven Car-Sharing in Europe with €34 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has provided a €34 million loan to Vay, a German teledriving technology company, to support its expansion in Europe. Vay’s innovative system allows vehicles to be remotely driven by trained drivers from a … Read the full press release

SDX and RULEMATCH Partner to Revolutionize Crypto Trading and Custody for Financial Institutions

(IN BRIEF) SDX and RULEMATCH have partnered to offer a comprehensive solution for financial institutions to trade, settle, and securely manage crypto assets. The partnership integrates SDX’s custody services with RULEMATCH’s trading and settlement platform, allowing institutions to trade without … Read the full press release

Iberdrola Recognized Among Top 10 Global Companies for Leadership in Sustainability and Climate Action

(IN BRIEF) Iberdrola has been recognized by Richmond Global Sciences (RGS) as one of the top 10 companies globally for its significant positive impact on environmental, social, and financial aspects. This recognition highlights Iberdrola’s commitment to the United Nations Sustainable … Read the full press release

EIF and LfA Förderbank Bayern Partner to Unlock €400 Million in Financing for Bavarian SMEs’ Innovation and Sustainability

(IN BRIEF) The European Investment Fund (EIF) has partnered with LfA Förderbank Bayern to expand a guarantee programme aimed at supporting small and medium-sized enterprises (SMEs) in Bavaria. With a €13 million counter-guarantee from the EIF, the programme will enable … Read the full press release

International Partners Drive Ukraine’s Reconstruction and Resilience Through EC-EIB-UNDP Collaboration

(IN BRIEF) The “United in Ukraine’s Recovery” conference in Brussels brought together the European Commission, the European Investment Bank (EIB), the United Nations Development Programme (UNDP), and Ukrainian local authorities to discuss ongoing reconstruction efforts. The partnership has been instrumental … Read the full press release

EIB and Groupe BPCE Expand Partnership to Provide Over €1 Billion for French SMEs’ Innovation and Renewable Energy Projects

(IN BRIEF) The EIB Group, comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has teamed up with Groupe BPCE to support small businesses and mid-caps in France. They signed two financing agreements exceeding €1 billion to … Read the full press release

Alegerile din Moldova din 2024: O Bătălie pentru Democrație Împotriva Dezinformării

DIASPORA MOLDOVENEASCĂ DEȚINE CHEIA PENTRU APĂRAREA VIITORULUI ȚĂRII (PE SCURT) Moldova se află într-o perioadă crucială a istoriei sale, iar alegerile prezidențiale din 2024 vor decide viitorul său democratic și orientarea către Europa. Actori străini, în special din Rusia, încearcă … Read the full press release

Northcrest Developments launches design competition to reimagine 2-km former airport Runway into a vibrant pedestrianized corridor, shaping a new era of placemaking on an international scale

THE RUNWAY AT YZD DESIGN COMPETITION AIMS TO TRANSFORM THE DECOMMISSIONED RUNWAY INTO AN ANCHOR AND CENTREPIECE FOR THE FUTURE 370-ACRE COMMUNITY. (IN BRIEF) Northcrest Developments has launched a global design competition to transform the historic 2-km airstrip at Downsview … Read the full press release

Vienna-Prague Stock Exchange Group Launches World’s First DLT-Based Securities Settlement Platform

(IN BRIEF) The Central Securities Depository in Prague, part of the Vienna-Prague Stock Exchange Group, has become the first institution globally authorized under the EU’s DLT pilot regime to operate a distributed ledger technology (DLT) market infrastructure. Starting in November … Read the full press release