Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

EBRD Supports Development of Green-Certified, Earthquake-Resilient Student Dormitory at Özyeğin University in Istanbul

(IN BRIEF) EBRD is providing a US$ 20 million loan to Özyeğin University to finance the construction of a green-certified, earthquake-resilient student dormitory on the university’s Çekmeköy campus in Istanbul. The project aims to address the city’s growing shortage of … Read the full press release

Empa Research Facilities Featured in Winning Design for Switzerland’s Future Banknote Series

(IN BRIEF) Empa research facilities are set to appear on Switzerland’s future banknotes after the Swiss National Bank selected a winning design concept created by the agency Emphase Sàrl. The new currency series will follow the theme “Switzerland and its … Read the full press release

European Investment Bank and WTO Sign Landmark Agreement to Support Trade and Investment in Developing Economies

(IN BRIEF) The European Investment Bank Group and the World Trade Organization Secretariat have signed their first cooperation agreement to promote sustainable global trade and investment. Announced at the EIB Group Forum in Luxembourg, the partnership combines EIB Global financing … Read the full press release

EIB Global Announces Major Financing Package to Expand Renewable Power Access Across Sub-Saharan Africa

(IN BRIEF) The European Investment Bank has pledged more than €1 billion to finance renewable energy projects in Sub-Saharan Africa as part of the Mission 300 initiative, which aims to connect 300 million people to electricity by 2030. The financing … Read the full press release

Standard Chartered Appoints Naveen Mallela as Global Head of Payments to Lead Next Phase of Digital Payment Innovation

(IN BRIEF) Standard Chartered has appointed Naveen Mallela as Global Head of Payments, effective 4 May 2026, as part of the bank’s strategy to strengthen its global payments capabilities and modernise its cash management franchise. Based in Singapore and reporting … Read the full press release

Standard Chartered Appointed Digital Asset Custodian and Settlement Agent for TP ICAP Fusion Digital Assets Platform

(IN BRIEF) Standard Chartered has been appointed as digital asset custodian and settlement agent for TP ICAP’s Fusion Digital Assets platform, strengthening the partnership between the two organisations and supporting the expansion of institutional digital asset trading services. The collaboration … Read the full press release

European Investment Bank Partners with Romanian Development Bank to Advance Sustainable Water Projects

(IN BRIEF) The European Investment Bank will advise the Romanian Investment and Development Bank to strengthen climate-resilient water and wastewater infrastructure across Romania. The agreement, signed at the EIB Forum, includes advisory support, capacity building and project preparation assistance to … Read the full press release

EIB Group Unveils 2026–2030 Gender Action Plan to Strengthen Women’s Economic Empowerment

(IN BRIEF) The European Investment Bank Group has launched its third Gender Action Plan for 2026–2030, aimed at advancing gender equality and women’s economic empowerment in Europe and globally. The plan focuses on expanding economic opportunities for women, investing in … Read the full press release

New Memorandum Strengthens Cooperation Between EIB Group and CDP on Infrastructure and Climate

(IN BRIEF) The European Investment Bank Group and Cassa Depositi e Prestiti have signed a renewed Memorandum of Understanding to strengthen strategic investment cooperation in Italy and internationally. The agreement expands joint action in infrastructure, innovation, digitalisation, climate action, SME … Read the full press release

Prosus Led Investment Supports Flink’s Targeted Expansion Across Core European Markets

(IN BRIEF) Flink has secured around US$100 million in new funding led by Prosus, with Btomorrow Ventures joining as a new investor. The capital will support targeted expansion and operational investments in Germany and the Netherlands following industry consolidation in … Read the full press release

European Investment Bank Provides €60 Million Loan to Prosegur to Support Cybersecurity and Digital Innovation Investments

(IN BRIEF) The European Investment Bank has granted a €60 million loan to Prosegur Compañía de Seguridad to support research, development and digital innovation initiatives focused on advanced security technologies. The funding will support investments in cybersecurity, artificial intelligence, integrated … Read the full press release

STMicroelectronics Schedules March 2026 Investor Webcasts Focused on Cloud AI and Intelligent Sensing Technologies

(IN BRIEF) STMicroelectronics will host two investor and analyst webcasts in March 2026 covering strategic developments in artificial intelligence and sensing technologies. The first session, led by Remi El-Ouazzane, will address the company’s role in cloud-based AI infrastructure, while the … Read the full press release

Air Astana Group Confirms Major Airbus A320neo Family Aircraft Purchase to Support Long-Term Network Expansion

(IN BRIEF) Air Astana Group has committed to purchasing 25 Airbus A320neo Family aircraft in its largest direct aircraft order to date, consisting of five A320neo and twenty A321neo jets. The order marks two decades since the airline began operating … Read the full press release

New €100 Million EIB and ÖHT Financing Scheme Supports Sustainable Investment in Austria’s Tourism Sector

(IN BRIEF) The European Investment Bank and the Austrian Hotel and Tourism Bank have launched a joint financing initiative worth up to €100 million to support small and medium-sized tourism businesses across Austria. The EIB will provide €50 million, matched … Read the full press release

EIB Group Expands Wartime Support for Ukraine Through Infrastructure Energy and SME Financing Programs

  (IN BRIEF) The European Investment Bank Group provided almost €1.5 billion in financing to Ukraine in 2025, representing the largest annual support package since the start of Russia’s full-scale invasion. The funding, delivered in cooperation with the Ukrainian government … Read the full press release

AFRY Study Warns Grid Fee Changes Could Undermine Merchant Battery Storage Economics in Germany

(IN BRIEF) AFRY Management Consulting has published an analysis warning that the planned expiration of grid fee exemptions in Germany in 2029 could threaten the economic viability of battery energy storage projects. The study finds that battery storage investments can … Read the full press release

When Belief Becomes Punishable: Pakistan’s Digital Blasphemy Crisis and the Limits of Western Alignment

(IN BRIEF) Pakistan’s blasphemy laws have expanded into a digitally driven enforcement system in which online expression can lead to capital charges, creating a pervasive climate of fear reinforced by both legal penalties and mob violence. The sharp rise in … Read the full press release

HSBC Reports Strong 2025 Results and Raises Medium-Term Profitability Targets Through 2028

(IN BRIEF) HSBC reported strong underlying financial performance in 2025 with revenue rising to $68.3 billion and profit before tax reaching $29.9 billion despite significant one-off charges. Excluding notable items, profit before tax increased to $36.6 billion and return on … Read the full press release

BBVA Strengthens Its Corporate and Investment Banking Strategy to Expand in the United States Financial Market

(IN BRIEF) BBVA is strengthening its presence in the United States through a focused Corporate and Investment Banking strategy that prioritizes selective growth, senior-level engagement and disciplined risk management. The bank is expanding its relationships with large corporates and financial … Read the full press release

BBVA Launches Conversational Banking Application in ChatGPT for Customers in Italy and Germany

(IN BRIEF) BBVA has introduced a conversational banking application within ChatGPT that allows users in Italy and Germany to access information about banking products and services directly through the AI assistant. The application enables customers to explore and compare accounts, … Read the full press release