Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

MWB AG Rings in New Era with Vienna Stock Exchange Listing

(IN BRIEF) MWB AG, a German company specializing in luxury watch trading across the DACH region, celebrated a significant achievement today as it commenced trading on the Vienna Stock Exchange’s direct market plus segment. With NuWays AG acting as underwriter … Read the full press release

EIB Commits $350 Million to Boost Private Sector Growth in North Africa

(IN BRIEF) The European Investment Bank (EIB) has pledged support for a new $350 million regional private sector investment fund managed by SPE Capital, focusing on Egypt, Tunisia, and Morocco. Aimed at fostering growth in key sectors like healthcare and … Read the full press release

EIB Funds voestalpine’s Green Steel Initiative with €300 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has allocated a €300 million loan to voestalpine AG, Europe’s third-largest steelmaker, to support a four-year research and development initiative aimed at enhancing sustainability and reducing carbon emissions. Key focuses include optimizing manufacturing … Read the full press release

EIB and Banca Etica Partner to Drive €165 Million Investments in Italy’s Social Economy

(IN BRIEF) The European Investment Bank (EIB) and Banca Etica have signed a €60 million agreement to stimulate €165 million in investments across Italy. The initiative aims to support women-led SMEs, improve services for refugees, and boost economic development in … Read the full press release

EBRD Report: CESEE Non-Performing Loans Stable Amid Economic Uncertainty

(IN BRIEF) The latest NPL Monitor report by the EBRD reveals that non-performing loans (NPLs) in the CESEE region remained stable despite economic uncertainties. While NPL volumes increased marginally, the overall NPL ratio held steady at 2.1%, indicating resilience in … Read the full press release

EIB and Cepsa Partner on €285 Million Biofuels Plant to Boost Energy Security and Decarbonisation

(IN BRIEF) The European Investment Bank (EIB) has allocated a €285 million loan to Cepsa for the development of an advanced biofuels plant in Andalusia, Spain, adjacent to the La Rábida Energy Park. In partnership with Bio-Oils, the facility will … Read the full press release

Banca Transilvania Partners with EIB Group for Landmark RON 2 Billion Securitisation to Boost SME Financing and Sustainability

(IN BRIEF) Banca Transilvania has entered into a significant synthetic securitisation transaction worth RON 2 billion (€400 million), supported by the European Investment Fund (EIF) and the European Investment Bank (EIB). This transaction will reduce credit risk and release capital … Read the full press release

EY Reports Global IPO Decline in H1 2024, Highlighting Regional Disparities with Americas and EMEIA Growth as Asia-Pacific Falters

(IN BRIEF) Global IPO activity in the first half of 2024 saw a decline, with 551 listings raising US$52.2 billion, marking a 12% decrease in volume and a 16% drop in proceeds year-on-year. While industrials led in number of IPOs … Read the full press release

BBVA Sells €270 Million Non-Performing Loan Portfolio in Spain to AXACTOR

(IN BRIEF) BBVA has completed the sale of the ‘Estoril Project,’ a portfolio of unsecured non-performing loans totaling €270 million, to AXACTOR. This transaction is part of BBVA’s strategy to optimize its balance sheet and improve its non-performing loan ratio … Read the full press release

EIB Group and Spain Launch €3.4 Billion Regional Resilience Fund for Strategic Investments

(IN BRIEF) The European Investment Bank Group (EIB Group) and Spain’s Ministry of Economy, Trade, and Enterprise have launched the Regional Resilience Fund, aimed at channeling Next Generation EU loans into key projects within the Spanish Autonomous Communities. This initiative … Read the full press release

UK Economy Set for Multi-Million Pound Boost During European Championships and Paris Olympics

(IN BRIEF) The UK economy is expected to receive a significant boost as fans spend an additional £233 million during the European Championships and Paris Olympics this summer. Experian Economics highlights increased spending in pubs, bars, supermarkets, and on electronics … Read the full press release

SIX Launches Tailored Global Equity Indices to Simplify Financial Insights and Operations

(IN BRIEF) SIX, a leading global financial information provider, has unveiled a new series of global equity indices designed specifically for retail, private banking, and asset management sectors. These indices aim to simplify access to comprehensive equity investment views and … Read the full press release

Allianz Trade and BPL Revolutionize Insurance Enquiry Processing with Digital Integration

(IN BRIEF) Allianz Trade and BPL have launched a pioneering collaboration aimed at streamlining the processing of bank non-payment insurance enquiries. Utilizing API integration via Verisk’s Whitespace platform, the initiative eliminates manual data entry inefficiencies and enhances data security. This … Read the full press release

EIB Global Invests $50 Million in Climate-Resilient Bridges to Enhance Rural Connectivity in Papua New Guinea

(IN BRIEF) EIB Global has invested $50 million to construct nine climate-resilient bridges across East Sepik and Madang provinces in Papua New Guinea, as part of the Bridge Replacement for Improved Rural Access project. This initiative, co-financed by the Asian … Read the full press release

Natixis CIB Expands M&A Advisory Network with Strategic Investments in Tandem Capital Advisors and Emendo Capital

(IN BRIEF) Natixis Corporate & Investment Banking (Natixis CIB) has expanded its M&A advisory network by making strategic investments in two European boutiques, Tandem Capital Advisors in Belgium and Emendo Capital in the Netherlands. This move aims to strengthen Natixis … Read the full press release

Deutsche Bank Triumphs with 28 Awards at The Asset’s 2024 Triple A Sustainable Investing Awards in APAC

(IN BRIEF) Deutsche Bank’s APAC Securities Services and Trust and Agency Services teams garnered 28 awards at The Asset’s 2024 Triple A Sustainable Investing Awards in Hong Kong. Recognitions included Best Depositary Receipts Bank in APAC and the Editors Triple … Read the full press release

Deutsche Bank Acquires EUR 1.67 Billion Aircraft Loans from NORD/LB

(IN BRIEF) Deutsche Bank AG has acquired EUR 1.67 billion in aircraft loans from Norddeutsche Landesbank (NORD/LB), part of NORD/LB’s EUR 2.75 billion aircraft financing portfolio. The loans, secured through a competitive bidding process, cover a diverse range of lessors … Read the full press release

Multilateral Coalition Commits $20 Billion to Women’s Economic Empowerment

(IN BRIEF) A coalition of public and private investors has pledged $20 billion over three years to advance women’s economic empowerment through the 2X Challenge. Launched initially during the 2018 G7 Summit, the initiative has surpassed its fundraising targets, culminating … Read the full press release

Ageas Releases Insightful Whitepaper on Responsible Investing Practices

(IN BRIEF) Ageas, in collaboration with the Federation of Enterprises in Belgium (FEB), has released a new whitepaper on sustainable investing. This initiative underscores Ageas’s commitment to responsible investment practices, with a focus on environmental sustainability. The company’s ‘Impact24’ strategy, … Read the full press release

EIF and MDB Collaboration to Foster Economic Development and Job Creation in Malta

(IN BRIEF) The European Investment Fund (EIF), in collaboration with the Malta Development Bank (MDB), is set to provide guarantees totaling €20 million to support small and medium-sized enterprises (SMEs) and small mid-caps in Malta. These guarantees, backed by InvestEU, … Read the full press release