(IN BRIEF) The European Commission and the European Investment Bank revealed the 20 selected “EU Blue Champions,” representing diverse sectors such as tidal and wind energy, underwater robotics, and satellite data applications. Chosen from Croatia to Sweden, these champions demonstrated … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged CROATIA, Denmark, EIB, EU Blue Champions Program, France, Germany, Greece, GROWTH, Italy, Norway, Ocean Innovators, partnership, PORTUGAL, Spain, sustainability, Sweden
(IN BRIEF) In the first quarter of 2024, Salzgitter AG reported a downturn in performance due to a sluggish economy, particularly affecting its steel-related sectors in Germany. The company achieved an EBITDA of €126.4 million and a pre-tax profit of … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, Metals and Minerals, News
Tagged Birgit Potrafki, economic, Financial, Gunnar Groebler, investment, Salzgitter AG
(IN BRIEF) EDF has successfully signed green bank loans totaling approximately €5.8 billion, with terms ranging from three to five years, facilitated by major international banks such as BNP Paribas and Bank of America. These funds are earmarked specifically for … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Investment, Management, News
Tagged Bank of America, BNP Paribas, Crédit Agricole CIB, EDF, ING, Natixis CIB, nuclear, partnership, SOCIÉTÉ GÉNÉRALE, sustainability, Wells Fargo
(IN BRIEF) Barclays has publicly disputed claims by The Bureau of Investigative Journalism (BIJ) regarding its financing activities, specifically accusing BIJ of inaccurately attributing a disproportionate share of sustainability-linked financing to the bank. BIJ reported that Barclays facilitated $41 billion … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Barclays, sustainability, Sustainable Finance
(IN BRIEF) Barclays is actively financing the transition of the energy sector by implementing strict policies and reducing financed emissions by 44% in the Energy sector and 26% in the Power sector from 2020 to 2023. Despite facing criticism for … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Barclays, Financial, fossil fuel, investments, partnership, sustainability
(IN BRIEF) Olea Global Pte Ltd, a leader in digital infrastructure platforms, has signed a memorandum of understanding with Standard Chartered to bolster small and medium-sized enterprises (SMEs). This strategic partnership aims to develop integrated supply chain solutions and other … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged Amelia Ng, Olea, partnership, SMEs, Standard Chartered, Xie Wen
(IN BRIEF) The European Investment Bank (EIB) has released a report by the Vienna Initiative working group, titled “Greening the financial sector: A Central, Eastern and South-Eastern European perspective.” The report underscores the pivotal role of the financial sector in … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Ambroise Fayolle, Austria, CESEE, Debora Revoltella, EIB, Financial, green transition, partnership, SMEs, sustainability
(IN BRIEF) The European Investment Bank (EIB) has partnered with Valle Umbra Servizi to enhance water service resilience and efficiency across 22 municipalities in Perugia, Italy, with a €35 million green loan under the InvestEU program. This initiative marks the … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Italy, Luxembourg, Management, News
Tagged EIB, Eng. Vincenzo Rossi, Gelsomina Vigliotti, InvestEU program, Italy, partnership, sustainability, Umbria, water services
(IN BRIEF) Outokumpu, in a robust advancement of its strategic plan, has increased its EBITDA run-rate improvement target by €150 million to €350 million, aiming to bolster its competitiveness in the stainless steel industry. Achieving its initial target ahead of … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, Heikki Malinen, investment, Outokumpu
(IN BRIEF) EIB Global, the financing arm of the European Investment Bank (EIB) outside the EU, has inked a €10 million loan deal with Bank Respublika to bolster support for micro, small, and medium-sized enterprises (MSMEs) in Azerbaijan. Part of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged Azerbaijan, Bank Respublika, EIB, EIB Global, Gert Jan Koopman, MSMEs, partnership, small business, sustainability, Tariyel Ismayilov, Teresa Czerwinska
(IN BRIEF) Standard Chartered Bank has successfully raised more than USD 1 billion through its suite of Signature CIO Funds, launched in late 2022. These multi-asset solutions, including Conservative, Income, Balanced, and Growth Funds, cater to varying client risk and … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged CIO Funds, Financial, investment, Samir Subberwal, Standard Chartered
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering micro, small, and medium-sized businesses in Uzbekistan by providing a financial package of up to US$ 20 million to Ipak Yuli Bank. This includes a US$ 10 million … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Retail, Small Business, United Kingdom
Tagged EBRD, Financial, Ipak Yuli Bank, partnership, small business, sustainability, Uzbekistan, Youth Entrepreneurship
(IN BRIEF) Kapsch TrafficCom AG has successfully divested assets not aligned with its strategic core business, yielding total proceeds of nearly EUR 11 million with full realization of variable purchase price components. The sale includes Kapsch TrafficCom’s stake in Traffic … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged Financial, Georg Kapsch, investment, Kapsch TrafficCom AG
(IN BRIEF) The European Investment Bank (EIB) is providing close to €45 million for the implementation of an innovative geothermal heating project, Eavor-LoopTM, in Geretsried, Bavaria. This pioneering project, which received an additional €91.6 million grant from the EU Innovation … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, European Union, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News, Technology
Tagged Bavaria, Daniel Mölk, Eavor-LoopTM, EIB, EU, Geothermal Heating Project, INNOVATION, investment, Nicola Beer, partnership, sustainability, Wopke Hoekstra
(IN BRIEF) European Investment Bank (EIB) President Nadia Calviño, alongside Irish Finance Minister Michael McGrath, announced a landmark €1.6 billion investment in Ireland, the largest in 51 years. The investment, aimed at fostering innovation, sustainability, and economic growth, will impact … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Ireland, Luxembourg, Management, News, Technology
Tagged economy, EIB, INNOVATION, investment, Ireland, Michael McGrath, Nadia Calviño, partnership, sustainability
(IN BRIEF) Ioannis Tsakiris, a former Greek deputy minister with extensive experience in finance and investments, has been appointed to the Management Committee of the European Investment Bank (EIB). Tsakiris, who previously served at the European Investment Fund (EIF) and … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Luxembourg, Management, News
Tagged appointment, Christian Kettel Thomsen, EIB, Ioannis Tsakiris, leadership, management committee, Nadia Calviño
(IN BRIEF) Ørsted’s interim report for the first quarter of 2024 reveals operating profit in line with expectations, with a notable 18% increase in offshore site earnings, attributed to factors such as higher wind speeds and successful project completions. The … Read the full press release
Posted in Business, Denmark, Economy, Energy, Gas & Oil, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Financial, investment, Mads Nipper, offshore wind projects, Ørsted
(IN BRIEF) ING Group has announced a share buyback programme, aiming to repurchase ordinary shares of ING Groep N.V. for a maximum total amount of €2.5 billion. The purpose of this programme is to converge their Common Equity Tier 1 … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, Netherlands, News
Tagged Financial, ING, investment, share buyback
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has initiated a groundbreaking Digital Transformation Financing Facility (DTFF) with a €25 million loan to Türk Ekonomi Bankası (TEB) in Türkiye, marking its inaugural transaction. Aimed at boosting the digital … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Management, News, Small Business, Technology, Turkey, United Kingdom
Tagged Ali Gokhan Cengiz, Arvid Tuerkner, digital transformation, EBRD, Mehmet Fatih Kacır, partnership, SMEs, sustainability, Türk Ekonomi Bankası, Turkey
(IN BRIEF) NatWest Group and the Federation of Small Businesses (FSB) have joined forces to introduce a new payments partnership aimed at bolstering support for small businesses across the UK. This collaboration, building on their longstanding relationship and previous initiatives … Read the full press release
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