Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

EIB Advances €50 Million for Iberdrola’s il·lumina to Rebuild Flood‑Damaged Valencia Grid

(IN BRIEF) The EIB has provided Iberdrola with two €25 million loans—half from its own funds and half via Spain’s Regional Resilience Fund—to back il·lumina, the utility’s project to reconstruct and future‑proof the Valencia distribution grid damaged in the 2024 floods. … Read the full press release

EIB Supports Snam with €264 Million Loan for Expanding Italy’s Biomethane Energy Infrastructure

(IN BRIEF) The European Investment Bank (EIB) has approved a €264 million loan to Snam to construct 240 km of new pipelines aimed at integrating biomethane production into Italy’s national gas transmission system. The initial €140 million tranche has been … Read the full press release

EIB and Hellenic Republic Celebrate Completion of Greek Guarantee Fund Supporting Over 800 Businesses

(IN BRIEF) The European Investment Bank (EIB) and the Hellenic Republic have concluded the Greek Guarantee Fund (GGF), a major financial initiative that has supported over 800 SMEs and mid-cap firms across Greece since its launch in 2014. Despite difficult … Read the full press release

EIB Group Boosts Belgian Ties with Opening of Dedicated Brussels Office Led by Torsten Brand

(IN BRIEF) The European Investment Bank (EIB) Group has established a dedicated country office in Brussels to enhance its strategic support for Belgium’s public and private sectors. Headed by Torsten Brand, a senior EIB banker and Belgian-German national, the new … Read the full press release

RWE and Norges Bank Investment Management Reach Key Milestone with First Foundation Installed at Nordseecluster

(IN BRIEF) RWE and Norges Bank Investment Management have marked a significant milestone in their joint Nordseecluster offshore wind project with the installation of the first monopile foundation approximately 50 km off the coast of Juist, Germany. Each foundation, weighing … Read the full press release

EIB grants €120 million to AGSM AIM to modernise Veneto power grids and support REPowerEU goals

(IN BRIEF) EIB and AGSM AIM signed a €120 million loan to strengthen and modernise electricity grids in Vicenza, Verona and Grezzana. Implemented by V-RETI S.p.A., the investment will enhance efficiency, resilience and sustainability, supporting EU decarbonisation, digitalisation and REPowerEU … Read the full press release

NIB backs Balticovo with a EUR 30 million InvestEU-supported loan to boost capacity nearly 50% and slash cage-laid eggs to 14%

(IN BRIEF) The Nordic Investment Bank (NIB) has granted JSC Balticovo a EUR 30 million loan with a ten-year maturity, supported by InvestEU, to expand the egg producer’s sustainable capacity in Latvia. Funds will build aviary and rearing poultry houses … Read the full press release

Former Austrian Chancellor Karl Nehammer joins EIB Management Committee, succeeding Thomas Östros and reinforcing the Bank’s drive on EU policy priorities

(IN BRIEF) Karl Nehammer, Austria’s former Chancellor (2021–2025), has been appointed Vice-President of the European Investment Bank, joining its Management Committee on 1 September 2025. Nominated by Austria and approved by the 27 EU finance ministers, he replaces Sweden’s Thomas … Read the full press release

Wealth investors show strong appetite for transition investing as Standard Chartered study flags education gaps and risk concerns

(IN BRIEF) Standard Chartered’s Sustainable Banking Report 2025 finds that 87% of surveyed high‑net‑worth investors are keen on transition investing, while 83% remain interested in sustainable investing overall. The study—covering 1,600 investors across eight Asian and Middle Eastern markets—shows strongest … Read the full press release

Aviva Launches Upgraded Freight Liability Insurance with Expanded Cover Conditions and Economy Option

(IN BRIEF) Aviva has upgraded its Freight Liability insurance, now live on Acturis E‑Trade and Fast Trade, introducing higher coverage limits, a wider array of carriage conditions (including Logistics UK and BIFA), and a new ‘economy’ cover for lower‑risk goods. … Read the full press release

EIF Commits €75 Million to Serena Infra II for Green Infrastructure Expansion

(IN BRIEF) The EIF has invested €75 million in Serena Infra II—managed by Serena Industrial Partners—with a €250 million target to fund early‑stage sustainable mobility, water, social, digital infrastructure, and energy transition projects across Europe; supported by the EU’s InvestEU programme and … Read the full press release

EBRD Provides €90 Million to ENGIE Romania for 250 MW Renewable Expansion

(IN BRIEF) The EBRD has committed a €90 million loan to ENGIE Romania to fund at least 250 MW of new solar and wind projects by 2028, marking the first joint renewable energy partnership between the two institutions; ENGIE Romania, part of … Read the full press release

Westinghouse‑Led Consortium Completes Decommissioning of Two Bohunice VVER‑440 Reactors

(IN BRIEF) The BIDSF decommissioning project at Bohunice NPP in Slovakia has successfully dismantled two VVER‑440 pressurized water reactors and their supporting systems under a €100 million‑plus contract led by Westinghouse and VUJE; 6,700 tonnes of radioactive structures were safely removed using … Read the full press release

EBRD and Partners Unlock €55 Million for SAHAM Bank’s Green Financing Initiative

(IN BRIEF) The EBRD, supported by the EU, GCF, and Canada through HIPCA, has extended up to €55 million in green financing to SAHAM Bank under Morocco’s Decarbonisation and Climate Resilience programme; this GEFF Plus package—comprising €6.25 million from GCF … Read the full press release

Garanti BBVA Funds Strategic Electricity Infrastructure Upgrades for Uludağ Elektrik in Türkiye’s Marmara Region

(IN BRIEF) Garanti BBVA is financing Uludağ Elektrik Dağıtım A.Ş.’s electricity distribution investments across Türkiye’s Marmara region, covering key provinces such as Bursa, Balıkesir, Çanakkale, and Yalova. Serving four million customers, these investments are vital to enhancing energy security, efficiency, … Read the full press release

OTP banka Wins Best Bank in Slovenia 2025 as OTP Group Continues International Award Streak

IN BRIEF) OTP banka has been named Best Bank in Slovenia 2025 by Euromoney, recognizing its excellence in financial performance, innovation, and sustainability. CEO András Hámori attributed the honor to the dedication of the bank’s team and the trust of … Read the full press release

ABN AMRO Proposes Daniel Hartert for Supervisory Board, Succeeding Arjen Dorland

(IN BRIEF) ABN AMRO has nominated veteran executive Daniel Hartert to its Supervisory Board for a four‑year term, replacing Arjen Dorland. The appointment, subject to European Central Bank approval, will be decided at an EGM on 11 September 2025, with details posted at … Read the full press release

Landmark €500 Million Green Bond Issuance by Electrica Attracts EIB Support and Oversubscribes Tenfold

(IN BRIEF) Electrica has issued Romania’s first corporate green bond, raising €500 million with strong oversubscription—demand was more than ten times the supply. The bond, backed by investors including the EIB, will be listed in Luxembourg and Bucharest. Funds will support … Read the full press release

Lloyds Banking Group Adds £4 Billion to Mortgage Lending for First‑Time Buyers with High Incomes

(IN BRIEF) Lloyds Banking Group is increasing its First Time Buyer Boost by £4 billion, raising the loan‑to‑income cap to 5.5 times earnings to help more high‑LTI first‑time buyers secure mortgages. Since August 2024, the scheme has supported 11,000 new homeowners with over … Read the full press release

EBRD Commits €20 Million to Strengthen MAY Seed’s Recovery and Climate‑Resilient Crop Research

(IN BRIEF) The EBRD has extended a €20 million loan to MAY Seed, Türkiye’s leading private seed producer, to shore up its working capital and fund critical investments after the 2023 earthquakes disrupted its operations. The financing also underpins the company’s research … Read the full press release