Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

EIF Injects €35 Million into Adara Ventures Energy Fund to Propel Clean Energy Innovations

(IN BRIEF) On 5 September 2024, the European Investment Fund (EIF) announced a €35 million investment in Adara Ventures’ newly launched Energy Fund. With a target size of €120 million, the fund aims to support early-stage companies specializing in technologies … Read the full press release

Herzegovina Bridge Inaugurated: New Landmark Boosts Connectivity and Economic Integration in the Balkans

(IN BRIEF) The Herzegovina Bridge, a significant infrastructure project in Bosnia and Herzegovina, was inaugurated on September 5, 2024. Spanning nearly 1 kilometer across the Neretva River, this new bridge, part of the Corridor Vc route, aims to enhance connectivity, … Read the full press release

Oxford Hosts Pioneering Africa Venture Capital Summit to Drive Tech Innovation and Gender Diversity

(IN BRIEF) The Africa Venture Finance Programme (AVFP) will take place at Oxford University’s Saïd Business School from September 9 to 13, 2024. This event will bring together 44 leading African and Africa-focused venture capital fund managers to advance the … Read the full press release

Cleareye.ai and Lloyds Bank Forge Groundbreaking Partnership to Modernize Trade Finance with AI

(IN BRIEF) Cleareye.ai has partnered with Lloyds Bank to enhance trade finance operations through advanced AI technology. Starting this month, Lloyds Bank will use Cleareye.ai’s ClearTrade platform, which employs optical character recognition (OCR), machine learning, and natural language processing to … Read the full press release

Siemens Leads Financial Innovation with New €300 Million Blockchain Bond Issuance

(IN BRIEF) Siemens has issued a €300 million digital bond using blockchain technology, continuing its leadership in digital finance. This new bond, with a one-year maturity, was settled through SWIAT’s private blockchain and the Bundesbank Trigger Solution, significantly speeding up … Read the full press release

Joint Effort by BII, FMO, and UK Government to Boost Finance for Agribusinesses and Smallholder Farmers

(IN BRIEF) BII, FMO, and the UK Government’s Foreign Commonwealth & Development Office have partnered to expand the CASA technical assistance facility, aiming to address the significant financing gap faced by agribusinesses in developing countries, particularly in sub-Saharan Africa. With … Read the full press release

BBVA Secures U.K. Approval for TSB Takeover, Moving Closer to Banco Sabadell Acquisition

(IN BRIEF) BBVA has received approval from the U.K.’s Prudential Regulation Authority (PRA) to take indirect control of TSB Bank, a subsidiary of Banco Sabadell. This approval is a key step in BBVA’s plan to acquire Banco Sabadell, which will … Read the full press release

WHEB Asset Management Leads with Early Adoption of ‘Sustainability Impact’ Label Under FCA’s New SDR Rules

(IN BRIEF) WHEB Asset Management is set to adopt the ‘Sustainability Impact’ label for its FP WHEB Sustainability Fund, making it one of the first to do so under the UK’s new Sustainability Disclosure Requirements (SDR). The fund will be … Read the full press release

EIB’s Five-Year Milestone in Bosnia and Herzegovina: A Catalyst for Sustainable Development

(IN BRIEF) The European Investment Bank (EIB) is celebrating five years of successful operations in Bosnia and Herzegovina, during which it has provided over €900 million in financing for key infrastructure and development projects. These investments, focused on transportation, climate … Read the full press release

flatexDEGIRO Strengthens Leadership with Appointment of Oliver Behrens as CEO and Expands Executive Team

(IN BRIEF) flatexDEGIRO AG has appointed Oliver Behrens, a seasoned financial industry leader, as its new CEO, effective October 1, 2024. Behrens, who previously served as CEO of Morgan Stanley Europe SE, brings extensive experience in brokerage and international finance. … Read the full press release

European Bank for Reconstruction and Development Appoints Angeliki Kalligiannaki as New Head of Greece

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Angeliki Kalligiannaki as its new Head of Greece, starting 1 September. Kalligiannaki, who has been with the EBRD since 2013, will replace Andreea Moraru. She has played a … Read the full press release

BNP Paribas Appoints Isabelle Mateos y Lago as New Chief Economist, Succeeding William de Vijlder

(IN BRIEF) BNP Paribas has appointed Isabelle Mateos y Lago as its new Chief Economist, effective September 3, 2024, succeeding William de Vijlder, who will become Economic Adviser to the Group’s General Management before retiring. Isabelle brings extensive experience from … Read the full press release

Wood Announces Strategic Divestments of Non-Core Businesses, Generating $165 Million in Proceeds

(IN BRIEF) Wood has signed agreements to sell two non-core businesses, Ethos Energy Group Limited and CEC Controls Company Inc, as part of its strategy to simplify operations and focus on core capabilities. These sales are expected to generate approximately … Read the full press release

EIB Approves €10.8 Billion in New Investments for Green Energy, Business Innovation, and Infrastructure Development

(IN BRIEF) The European Investment Bank (EIB) has approved €10.8 billion in new financing to support a diverse range of projects focused on green energy, business innovation, health, housing, education, and infrastructure development. This includes significant investments in clean energy … Read the full press release

European Investment Bank Reaches Milestone with Over EUR 100 Billion in Sustainability Funding Through New Climate Awareness Bond

(IN BRIEF) The European Investment Bank (EIB) has achieved a major milestone by surpassing EUR 100 billion in sustainability funding through its Climate and Sustainability Awareness Bonds (CABs and SABs). This achievement was marked by the issuance of a heavily … Read the full press release

EBRD, ACWA Power, and Uzkimyosanoat Join Forces to Launch Central Asia’s First Renewable Hydrogen Facility in Uzbekistan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced a significant investment in Uzbekistan’s first renewable hydrogen facility, marking a pioneering effort in Central Asia’s transition to greener energy sources. The project, developed in partnership with ACWA … Read the full press release

Barclays Boosts M&A Leadership with Strategic Hire of Martin Douglass as Head of Financial Sponsors

(IN BRIEF) Barclays has appointed Martin Douglass as the new Head of Financial Sponsors M&A. With nearly 15 years of investment banking experience, Douglass joins Barclays from Morgan Stanley, where he was a Managing Director. In his new role, Douglass … Read the full press release

EBRD and IFC Invest in Bank of Palestine to Strengthen Palestinian Economy Amid Crisis

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the International Finance Corporation (IFC) have acquired equity stakes in Bank of Palestine to support its capital base amid the challenging economic conditions in the region. The investment will … Read the full press release

Achmea Restructures Syntrus Achmea for Strategic Growth in Mortgages and Real Estate

(IN BRIEF) Achmea has announced a restructuring of its subsidiary, Syntrus Achmea Real Estate & Finance B.V., to support its growth in the mortgage and real estate sectors. Effective October 1, 2024, the mortgage and real estate activities will be … Read the full press release

New SIX and Diebold Nixdorf Partnership Aims to Secure Switzerland’s Cash Supply Through Innovative ATM Pooling

(IN BRIEF) In Switzerland, as the number of bank branches, post offices, and ATMs has significantly decreased in recent years. The collaboration aims to develop new, efficient, and sustainable approaches to ensure long-term access to cash for Swiss citizens. A … Read the full press release