Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

CNP Caution and Garantme Partner to Enhance Access to Housing with New Rental Insurance Solution

(IN BRIEF) CNP Caution, a subsidiary of CNP Assurances, has partnered with Garantme to simplify access to housing through a new rental insurance solution. The partnership combines Garantme’s tech expertise with CNP Caution’s insurance experience, offering a rental deposit product … Read the full press release

GEMs Consortium Reports Highlight Strong Credit Performance in Emerging Markets, Encourage Investment

(IN BRIEF) The GEMs Consortium, which includes 26 multilateral development banks and development finance institutions, has released two new reports offering in-depth insights into credit risks in emerging markets and developing economies (EMDEs). The reports reveal key data on default … Read the full press release

New Guarantee Agreement Empowers Danish SMEs to Pursue Green Investments

(IN BRIEF) The European Investment Fund (EIF) and Ringkjøbing Landbobank have entered a groundbreaking guarantee agreement to facilitate DKK 320 million in funding for green investments by Danish small and medium-sized enterprises (SMEs) and mid-caps. Supported by the European Commission’s … Read the full press release

Strengthening Collaboration: CEB and EIB Group Unite to Tackle Social Challenges in Europe

(IN BRIEF) On October 14, 2024, the Council of Europe Development Bank (CEB) and the EIB Group, which comprises the European Investment Bank (EIB) and the European Investment Fund (EIF), convened in Paris to enhance collaboration in tackling the growing … Read the full press release

EIB Global Invests €2 Million in Vaccine Development at Akagera Medicines in Rwanda

(IN BRIEF) The European Investment Bank (EIB Global) has committed €2 million to support Akagera Medicines Africa Limited in Rwanda, facilitating the early-stage development of vaccines for infectious diseases, including tuberculosis, HIV, Ebola, and Lassa fever. This funding aims to … Read the full press release

Standard Chartered Unveils Straight2Bank Autoquote for Enhanced Digital Trade Finance

(IN BRIEF) Standard Chartered has launched a new digital feature called Autoquote on its Straight2Bank Next Gen platform, enabling clients worldwide to request and accept pricing quotations for letters of credit (LCs) conveniently and at any time. This innovative request … Read the full press release

Aviva Expands Supported Internship Programme for Young Adults with Autism, Offering Work Opportunities in Norwich

(IN BRIEF) Aviva has opened applications for the second year of its Supported Internship Programme, offering young adults with autism valuable work experience at its Norwich offices. The programme, a collaboration between Aviva, DFN Project SEARCH, The Wherry School, Norfolk … Read the full press release

EIB and LUMICKS Partner to Accelerate Cancer Drug Discovery with €20 Million Investment in Advanced Immunotherapy Tools

(IN BRIEF) Amsterdam-based LUMICKS has secured €20 million in venture debt from the European Investment Bank (EIB) to advance its next-generation cell avidity platform, which aims to accelerate the development of immunotherapies for cancer treatment. Supported by the InvestEU initiative, … Read the full press release

EIB and Intesa Sanpaolo Unveil €8 Billion Wind Energy Investment Initiative to Boost European Renewable Energy Sector

(IN BRIEF) The EIB and Intesa Sanpaolo have partnered to drive up to €8 billion in investment for Europe’s wind energy sector, leveraging a €500 million EIB counter-guarantee to enable Intesa Sanpaolo to create €1 billion worth of bank guarantees. … Read the full press release

EIB Global and Enel Colombia Partner to Boost Renewable Energy and Grid Infrastructure with $300 Million Loan

(IN BRIEF) EIB Global, a division of the European Investment Bank, has provided Enel Colombia with a $300 million loan to support the development of renewable energy projects and upgrades to the company’s power distribution infrastructure. This loan, backed by … Read the full press release

Integrated Wind Solutions Partners with NIB to Drive Offshore Wind Innovation Toward Net Zero

(IN BRIEF) Integrated Wind Solutions (IWS), a Norway-based company focused on the offshore wind industry, is advancing its commitment to renewable energy through a comprehensive range of services that support the entire lifecycle of offshore wind farms. Established in 2020 … Read the full press release

NIB Revamps Environmental Bond Framework to Propel Low-Carbon Initiatives

(IN BRIEF) NIB has announced its updated Environmental Bond Framework, along with a new Climate Strategy and Sustainability Policy, all aimed at promoting a low-carbon future. The bank received a “Dark Green” Second Opinion from S&P Global Ratings, affirming its … Read the full press release

EY Survey Reveals CFOs and Tax Executives Embrace Generative AI as Key to Overcoming Financial Challenges

(IN BRIEF) A recent EY survey indicates that CFOs and tax leaders are increasingly optimistic about generative AI (GenAI), with 87% believing it will enhance efficiency in the tax and finance sectors. Cost pressures have emerged as the top concern … Read the full press release

EIB and Committee of the Regions Reinforce Partnership to Drive Economic Growth and Social Infrastructure in Europe

(IN BRIEF) During a recent plenary session, the Committee of the Regions and the European Investment Bank (EIB) renewed their commitment to fostering economic cohesion across the EU, focusing on both urban and rural areas. EIB President Nadia Calviño emphasized … Read the full press release

EIB and IKB Join Forces to Unlock €400 Million in Sustainable Financing for Germany’s Mid-Cap Companies

(IN BRIEF) The European Investment Bank (EIB) and IKB Deutsche Industriebank AG have launched a partnership to support sustainable finance for mid-cap companies in Germany, introducing a new loan portfolio of €400 million. This initiative is aimed at firms with … Read the full press release

Team Europe Unites to Bolster Economic Development in ACP Nations with New €74 Million Funding Initiative

(IN BRIEF) The ACP Trust Fund has secured over €74 million in pledges from seven EU member states, including Denmark, Finland, Germany, Luxembourg, Portugal, Spain, and Sweden, to support economic growth in African, Caribbean, and Pacific (ACP) countries. This funding … Read the full press release

EIB and IKB Partner to Launch €400 Million Sustainable Financing Initiative for Mid-Sized Companies in Germany

(IN BRIEF) The European Investment Bank (EIB) and IKB Deutsche Industriebank AG (IKB) have launched a strategic partnership aimed at enhancing access to sustainable financing for mid-cap companies in Germany. This initiative includes a €400 million loan portfolio, where the … Read the full press release

Allianz Report Highlights Surge in Cyber Claims Driven by Data Privacy Issues and Class Action Lawsuits

(IN BRIEF) A recent report by Allianz Commercial highlights significant trends in the cyber insurance landscape, noting a rise in both the frequency and severity of large cyber claims due to data privacy breaches. In the first half of 2024, … Read the full press release

EIB Launches €600 Million Energy Rescue Plan to Support Ukraine Ahead of Winter Challenges

(IN BRIEF) The European Investment Bank (EIB), under the leadership of President Nadia Calviño, has launched the Ukraine Energy Rescue Plan to provide urgent energy assistance to Ukraine ahead of the winter season. The plan outlines a potential investment of … Read the full press release

ABN AMRO Report Highlights Biodiversity Crisis Linked to Production of Trainers, Sofas, and Smartphones

(IN BRIEF) A recent report by ABN AMRO reveals the significant impact of consumer goods production—specifically trainers, sofas, and smartphones—on global biodiversity, resulting in the destruction of wildlife habitats equivalent to nearly two-thirds the size of the Netherlands annually. The … Read the full press release