Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

CACEIS Boosts Efficiency in Trade Management with Nephelai’s AI-Powered Solution

(IN BRIEF) CACEIS has integrated Nephelai’s machine learning solution into its Middle-office Trade Management services as part of its broader digital transformation strategy. The AI-powered solution helps automate transaction processes, reducing settlement failures by detecting and correcting anomalies, thereby improving … Read the full press release

EPI Unveils Wero: A New Instant Payment Wallet Launching in France, Set to Revolutionize European Digital Payments

(IN BRIEF) EPI (European Payments Initiative) has launched Wero, a new instant digital payment wallet in France. This app enables users to send and receive money instantly using just a phone number or email, with transactions processed in less than … Read the full press release

EBRD Announces 2024 AgVenture Startup Competition Winners, Highlighting Green Tech Innovations in Agrifood Sector

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the winners of the 2024 AgVenture Startup Competition, recognizing innovative startups that are developing green technology solutions for the agriculture and food sectors. The winners—Proofminder, Green Growth, and … Read the full press release

EIF-Led Innovation Fund Receives First Contributions to Support Central and Eastern European Growth Companies

(IN BRIEF) The European Investment Fund (EIF) has received its first contributions to the Three Seas Initiative (3SI) Innovation Fund from Poland’s BGK and the Czech Republic’s NRI, with each institution committing €20 million. This fund aims to raise €180 … Read the full press release

CaixaResearch Institute Secures €80M Loan from EIB to Establish Spain’s First Immunology Research Center

(IN BRIEF) The European Investment Bank (EIB) and CriteriaCaixa have signed an €80 million loan agreement to finance the construction of the CaixaResearch Institute in Barcelona. This interdisciplinary research center, spearheaded by “la Caixa” Foundation, will focus on immunology and … Read the full press release

Deutsche Bank Recognized as Best FX Bank in Asia Pacific and Western Europe by Euromoney

(IN BRIEF) Deutsche Bank has been recognized as the best bank for foreign exchange (FX) services in both Asia Pacific and Western Europe by Euromoney. The award, part of Euromoney’s prestigious Foreign Exchange Survey, highlights Deutsche Bank’s ability to innovate … Read the full press release

Deutsche Bank Supports China’s €2 Billion Sovereign Bond Return to Euro Market

(IN BRIEF) Deutsche Bank has played a key role in helping China’s Ministry of Finance issue €2 billion in international sovereign bonds, marking China’s return to the euro bond market since 2021. The dual-tranche offering, which included three- and seven-year … Read the full press release

BBVA and KKR Partner to Invest $200 Million in Global Climate Projects, Driving Low-Carbon Infrastructure

(IN BRIEF) BBVA has formed a strategic partnership with investment firm KKR, committing $200 million to support KKR’s Global Climate Strategy, which focuses on large-scale climate infrastructure projects like energy transition and electrification. The partnership, announced during Climate Week in … Read the full press release

Wolters Kluwer Unveils CCH iFirm Validate: Revolutionizing Audits with Blockchain-Powered Validation

(IN BRIEF) Wolters Kluwer has launched CCH iFirm Validate, a new cloud-based module designed to enhance audit processes by using blockchain technology for secure and efficient bank confirmations and account verifications. This tool simplifies traditionally manual tasks, allowing auditors to … Read the full press release

Santander X Expands to Offer Free Training and Discounts for SMEs and Entrepreneurs

(IN BRIEF) Santander has expanded its Santander X platform for SMEs, startups, and entrepreneurs, offering free training and discounts on essential business services. The initiative aims to support companies in adapting to the challenges of the digital market. Registration is … Read the full press release

Prudential Strengthens Nigerian Market Position with Full Acquisition of Zenith Life

(IN BRIEF) Prudential plc is acquiring full ownership of Prudential Zenith Life Insurance in Nigeria, enhancing its position in the country and strengthening its bancassurance partnership with Zenith Bank. This move supports Prudential’s strategy to grow its presence in high-potential … Read the full press release

Prudential Partners with Bank Syariah Indonesia to Boost Syariah Insurance Growth in Key ASEAN Market

(IN BRIEF) Prudential has entered into a strategic partnership with Bank Syariah Indonesia (BSI), enabling the company to offer Syariah-compliant life insurance through BSI’s extensive network starting in 2025. This collaboration is seen as a key step for Prudential to … Read the full press release

NIB Invests €10 Million in Spar Nord Bank’s Green MREL-Eligible Bond to Boost Danish SME Financing

(IN BRIEF) The Nordic Investment Bank (NIB) has invested €10 million in a €250 million, 6-year Green MREL-eligible bond issued by Denmark’s Spar Nord Bank. This bond helps the bank meet EU regulatory requirements for loss absorption and capital recovery … Read the full press release

FTSE Russell Introduces Fixed Income Climate Indices to Boost Sustainable Investments

(IN BRIEF) FTSE Russell has launched two new fixed income indices, the FTSE Fixed Income TPI Climate Transition Index Series and the FTSE Fixed Income TPI Focused Glidepath Index Series. These indices aim to support investors in meeting their climate … Read the full press release

EU-Backed Partnership Unlocks Millions in Loans for Danish Creative and Cultural Sectors

(IN BRIEF) A new partnership between the European Investment Fund (EIF) and the Export and Investment Fund of Denmark (EIFO), backed by the EU’s InvestEU program, will provide DKK 300 million in loans to Danish businesses within the creative and … Read the full press release

GfK Report: Germany’s Consumer Confidence Sees Modest Rebound, But Economic Fears Persist

(IN BRIEF) Germany’s consumer sentiment showed a slight improvement in September 2024, according to the latest GfK report. After a significant drop the previous month, income expectations and willingness to buy have increased, resulting in a modest rise in the … Read the full press release

EIB Grants €220 Million to Nexi Group to Drive Digital Payment Innovation and Sustainability in Europe

(IN BRIEF) The EIB has granted €220 million to Nexi Group to support innovation in Europe’s digital payments sector. The funding will help drive the development of modernized payment solutions, job creation, and sustainability initiatives, reflecting Nexi’s commitment to ESG … Read the full press release

CBI Strengthens Board with Appointments of Ruth Cairnie and Lesley Ann Nash, Bringing Business and Government Expertise

(IN BRIEF) The CBI has appointed Ruth Cairnie and Lesley Ann Nash as Non-Executive Directors to its Board. Both bring extensive experience in private and public sectors, strengthening the CBI’s leadership as it continues its mission to represent UK businesses. … Read the full press release

European Investment Fund Supports Icelandic SMEs with Up to €100 Million in New Funding via Arion Bank

(IN BRIEF) The European Investment Fund (EIF) has partnered with Arion Bank to provide up to €100 million in new lending to around 40 small and medium-sized enterprises (SMEs) and Small Mid-Caps in Iceland. Backed by the European Commission’s InvestEU … Read the full press release

Lille Secures €276 Million for Sustainable Transport Revolution: EIB and European Commission Fund Green Mobility Initiative

(IN BRIEF) The Métropole Européenne de Lille has secured a €245 million green loan from the European Investment Bank (EIB) to modernize its urban transport system, alongside a €31.5 million grant from the European Commission. This joint financing will support … Read the full press release