Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

EQT AB Focuses on Long-Term Performance Amidst Quarterly Reporting

(IN BRIEF) EQT AB, known for its long-term business model, emphasizes its commitment to delivering consistent returns over a 5 to 10-year period. While acknowledging the market’s emphasis on quarterly financial statements, EQT believes such reports are less relevant given … Read the full press release

Hexagon to Unveil First Quarter 2024 Interim Report

(IN BRIEF) Hexagon, the global leader in digital reality solutions, is set to release its Interim Report for the first quarter of 2024 on Friday, April 26, at approximately 08:00 CET. President and CEO Paolo Guglielmini will host a live … Read the full press release

Outokumpu’s Annual General Meeting 2024 Ratifies Board Proposals and Charts Course for Growth

(IN BRIEF) Outokumpu Oyj’s Annual General Meeting held in Helsinki, Finland, endorsed all proposals by the Board of Directors and the Shareholders’ Nomination Board. The meeting approved financial statements, discharged liability for the Board and CEO for the year 2023, … Read the full press release

EIB Provides €25 Million Financing to Wandercraft for Personal Exoskeleton Development

(IN BRIEF) French medtech company Wandercraft secures €25 million financing from the European Investment Bank (EIB) to advance the development of their groundbreaking Personal Exoskeleton. This innovative device, the first self-balancing exoskeleton designed for daily use by individuals with severe … Read the full press release

Estonia Contributes €10 Million to EU Fund for Ukraine’s Recovery Amidst Russian Aggression

(IN BRIEF) Estonia has pledged €10 million to the European Investment Bank’s (EIB) EU for Ukraine Fund, part of a broader initiative aimed at addressing Ukraine’s urgent needs and sustaining its economic stability. With support from multiple donors, including other … Read the full press release

AGL Credit Management and Barclays Launch AGL Private Credit Platform

(IN BRIEF) AGL Credit Management LP (“AGL”) and Barclays Plc (“Barclays”) have announced an exclusive Cooperation Agreement and the introduction of a new private credit investment platform, AGL Private Credit (“AGL PC”). AGL PC merges AGL’s established credit expertise with … Read the full press release

MONETA and EIB Team Up to Boost Sustainable Business Growth in Czechia

(IN BRIEF) In a strategic move, MONETA secures a €100 million loan from the European Investment Bank (EIB), earmarked to enhance economic prospects for small and mid-sized businesses in Czechia. With a commitment to allocate at least 12% of the … Read the full press release

Societe Generale and AllianceBernstein Launch Joint Venture “Bernstein” for Global Equity Business

(IN BRIEF) Societe Generale (GLE) and AllianceBernstein (AB) have officially launched Bernstein, a joint venture aimed at establishing a prominent global cash equities and equity research enterprise. This collaboration, stemming from an announcement made in November 2022, signifies a significant … Read the full press release

Atos SE to Present Refinancing Framework to Financial Creditors

(IN BRIEF) Atos SE has scheduled a presentation of its refinancing framework to its financial creditors on April 8, 2024, following the announcement made on March 26. Creditors holding unsecured financial debt of Atos SE are urged to contact Kroll, … Read the full press release

Ahold Delhaize Repurchased 200,000 Shares as Part of €1 Billion Buyback Program

(IN BRIEF) Ahold Delhaize has disclosed its repurchase of 200,000 common shares between March 25, 2024, and March 28, 2024, at an average price of €27.45 per share, totaling €5.5 million. This buyback is part of the company’s €1 billion … Read the full press release

Adyen Partners with PayMe by HSBC to Expand Payment Options in Hong Kong

(IN BRIEF) Adyen, a global financial technology platform, has announced its partnership with PayMe by HSBC in Hong Kong, enabling Adyen’s merchants to accept PayMe as a payment method for online purchases. PayMe, with over three million users and acceptance … Read the full press release

UBS Group AG Concludes 2022 Share Repurchase Program, Announces 2024 Program

(IN BRIEF) UBS Group AG has successfully completed its 2022 share repurchase program, repurchasing 298,537,950 shares via a separate trading line on the SIX Swiss Exchange, totaling CHF 5,009,665,264 (USD 5,244,697,247). A portion of the repurchased shares, approved by the … Read the full press release

ArcelorMittal Refines Segment Reporting and EBITDA Definition for Enhanced Clarity

(IN BRIEF) ArcelorMittal, in line with its fourth-quarter 2023 financial results, has made significant amendments to its segment reporting and EBITDA definition effective from January 1, 2024. Key changes include redefining EBITDA to encompass operating result, depreciation, impairments, exceptional items, … Read the full press release

Investor AB Calls Annual General Meeting for May 7, 2024: Details and Participation Guidelines

(IN BRIEF) Investor AB has announced the convening of its Annual General Meeting (AGM) scheduled for May 7, 2024, at China Teatern in Stockholm, Sweden. Shareholders are encouraged to participate either in person or via advance voting. The meeting will … Read the full press release

Investor AB Announces Board of Directors Nominations for 2024 Annual General Meeting

(IN BRIEF) Investor AB’s Nomination Committee has submitted proposals for the upcoming Annual General Meeting on May 7, 2024, regarding the composition of the Board of Directors. The committee suggests thirteen members, including notable re-elections such as Gunnar Brock, Magdalena … Read the full press release

Investor AB Achieves Strong Performance and Sustainability Milestones in 2023

(IN BRIEF) Investor AB, in its recently published 2023 Annual Report, highlights its robust performance and commitment to sustainability amidst a challenging macro environment. Despite this, Investor delivered on its strategic priorities, including achieving a total shareholder return of 26 … Read the full press release

PNE AG Exceeds Expectations with Strong Financial Performance and Expansion Strategy

(IN BRIEF) PNE AG reports a highly successful year in 2023, achieving or surpassing strategic goals outlined in its ‘Scale up 1.0’ strategy. With total aggregate output reaching €267.8 million and EBITDA hitting €39.9 million, the company is at the … Read the full press release

BBVA Exceeds Renewable Energy Goals and Reduces Carbon Footprint

(IN BRIEF) BBVA Group reports significant achievements in its environmental sustainability efforts, with 96 percent of its power consumption sourced from renewable energy in 2023, surpassing its 70 percent target for 2025. The bank also managed to reduce its carbon … Read the full press release

EBRD Launches Risk-Sharing Framework with PBZ to Boost Financing for Croatian Businesses

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) initiates a new risk-sharing framework with Privredna banka Zagreb d.d. (PBZ), offering up to €75 million in guarantees to share partner banks’ exposure to local enterprises in Croatia. PBZ, part … Read the full press release

European Investment Bank Boosts Polish Economy with €600 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has agreed to extend a €600 million loan to the Republic of Poland, aiming to bolster the country’s economy through investments in digital and social development. EIB Vice-President Teresa Czerwińska highlighted the strategic … Read the full press release