Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

EIB and SGEF Poland Join Forces with €200 Million Financing for SMEs and Climate Action

(IN BRIEF) The European Investment Bank (EIB) is providing €100 million to SG Equipment Leasing Polska (SGEF Poland) to support Polish SMEs, with SGEF Poland expected to generate €200 million in total financing. At least 20% of the funds will … Read the full press release

Mark Davis Appointed New Managing Director of EBRD’s Southern and Eastern Mediterranean Region

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Mark Davis as the new Managing Director for the Southern and Eastern Mediterranean (SEMED) region, starting October 1, 2024. Davis, who has 28 years of experience in international … Read the full press release

EIB Approves €5.3 Billion for Climate Resilience, Urban Innovation, and Business Growth

(IN BRIEF) The European Investment Bank (EIB) has approved €5.3 billion in new funding to enhance climate resilience, urban development, and business innovation across Europe and beyond. The investments include €3.5 billion for smart city projects and sustainable infrastructure, €1.4 … Read the full press release

EIB and BNZ Join Forces to Expand Solar Energy in Southern Europe with €166 Million Green Loan

(IN BRIEF) The European Investment Bank (EIB) and BNZ have signed a €166 million loan to support the construction of 17 new solar photovoltaic plants in Spain, Italy, and Portugal, as part of a larger €500 million initiative. These plants … Read the full press release

Å Energi Secures NOK 1 Billion Loan from NIB for Power Grid Expansion in Southern Norway

(IN BRIEF) Å Energi has partnered with the Nordic Investment Bank (NIB) to secure a NOK 1 billion loan aimed at upgrading and expanding the electricity grid in Southern Norway’s Agder and Buskerud counties. The 10-year loan will finance 22 … Read the full press release

ING Repurchases 3,282,664 Shares in Ongoing €2.5 Billion Buyback Program

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has repurchased 3.28 million shares between September 9 and 13, 2024, as part of its €2.5 billion share buyback programme, at an average price of €16.20 per share, totaling €53.17 million. To date, ING has repurchased 134.31 … Read the full press release

Euronext Acquires Substantive Research to Enhance Market Data and Research Benchmarking Services

(IN BRIEF) Euronext has acquired Substantive Research, a leading provider of market data and investment research benchmarking services, to strengthen its investor services. Substantive Research, serving over 100 global clients, will be integrated with Euronext’s subsidiary Commcise, offering enhanced market … Read the full press release

EU Boosts Moldova’s Forestry and Railway Infrastructure with €212 Million Investment

(IN BRIEF) The European Union has announced two key investments to support Moldova’s development: a €200 million loan from the European Investment Bank (EIB) for forest expansion and a €12 million EU grant to upgrade the country’s railway infrastructure. The … Read the full press release

Ahold Delhaize Repurchased 250,000 Shares as Part of €1 Billion Buyback Program

(IN BRIEF) Ahold Delhaize repurchased 250,000 shares between September 9 and 13, 2024, at an average price of €30.97 per share, totaling €7.7 million. This is part of their €1 billion share buyback program, with 26.49 million shares repurchased so … Read the full press release

EIF Commits €30 Million to Wind II Fund to Drive Climate Tech Innovation in Europe

(IN BRIEF) The European Investment Fund (EIF) has committed €30 million to Wind II, a venture capital fund targeting €130 million. Wind II focuses on early-stage tech startups across Europe developing innovative solutions for essential services and infrastructure industries to … Read the full press release

Stark Future Secures €40 Million EIB Loan to Expand Electric Motorcycle Innovation

(IN BRIEF) Stark Future, a leading electric motorcycle company in Spain, has obtained a €40 million loan from the European Investment Bank (EIB) to boost its research, development, and production of electric motorbikes. Backed by the EU’s InvestEU program, the … Read the full press release

€97 Million Investment to Boost Sicily’s Renewable Energy with New Wind Farm

(IN BRIEF) The European Investment Bank (EIB) and Natixis CIB are providing €97 million in financing to Libeccio S.r.l. for a new wind farm in Mazara del Vallo, Sicily. With a capacity of 44.8 MW, the wind farm will provide … Read the full press release

Aegon Appoints Michele Bareggi as Chief Strategy and Growth Officer

(IN BRIEF) Aegon has appointed Michele Bareggi as its new Chief Strategy, Transformation & Growth Officer, effective November 1, 2024. Bareggi, with over 25 years of experience in the financial services industry, previously led significant growth at Athora and held … Read the full press release

Vodafone and Three UK Challenge CMA’s Concerns Over Proposed Merger

(IN BRIEF) Vodafone and Three UK have responded to the CMA’s provisional findings, disputing concerns that their merger could reduce competition and lead to price increases. The companies argue that the £11 billion merger will improve 5G infrastructure, enhance competition, … Read the full press release

Crédit Agricole Assurances Joins Scope Group to Boost European Financial Sovereignty

(IN BRIEF) Crédit Agricole Assurances has invested in Scope Group, joining other major French financial institutions like AXA and BPCE in supporting Europe’s only independent rating agency accepted by the European Central Bank. This investment is part of broader efforts … Read the full press release

EBRD Board of Directors to Engage with Estonia and Latvia on Investment Projects

(IN BRIEF) The EBRD Board of Directors will visit Estonia from 15-17 September and Latvia from 17-20 September 2024 for consultations with senior government officials, business leaders, and international partners. The delegation will review EBRD-funded public and private projects, with … Read the full press release

EIB and ESB Partnership Drives Success of Ireland’s Smart Metering Programme

(IN BRIEF) EIB Vice President Ioannis Tsakiris praised the collaboration between the European Investment Bank (EIB) and ESB in supporting Ireland’s National Smart Metering Programme. Backed by €450 million in EIB funding, the initiative aims to help 2 million Irish … Read the full press release

MATR Foods Secures €20 Million EIB Loan to Boost Plant-Based Meat Production

(IN BRIEF) Danish foodtech start-up MATR Foods has received a €20 million loan from the European Investment Bank (EIB) to expand its production of plant-based meat alternatives. Backed by the European Commission’s InvestEU initiative, the funding will help MATR build … Read the full press release

SGS Celebrates Three Years of Supporting Morocco’s Product Conformity Assessment Program

(IN BRIEF) SGS celebrates three years of supporting Morocco’s Product Conformity Assessment (PCA) program, which ensures compliance with national standards across 419 product categories. The program, launched by Morocco’s Ministry of Industry and Trade, protects consumers and promotes fair competition … Read the full press release

NIB Provides SEK 200 Million Loan for Energy-Efficient Renovations of Bonnier Fastigheter’s Properties

(IN BRIEF) The Nordic Investment Bank (NIB) has granted an eight-year SEK 200 million (EUR 17.05 million) loan to Bonnier Fastigheter AB to fund the refurbishment of five buildings in Stockholm and Uppsala. The renovations focus on improving energy efficiency, … Read the full press release