Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

SIX Bolsters Global Benchmark Platform Through Strategic Investment in BITAv

(IN BRIEF) SIX, a prominent financial information provider, has announced a strategic investment in BITA, a leading indexing technology and services provider, alongside existing shareholders ETFS Capital, Volta Ventures, and Pamica NV. Recognizing the increasing demand for customizable investment solutions, … Read the full press release

ProCredit Group Reports Strong Financial Performance for 2023, Focuses on Sustainable Growth

(IN BRIEF) ProCredit Group, predominantly active in South Eastern and Eastern Europe, unveils a robust financial performance for the year 2023, reporting a net profit of EUR 113.4 million with a return on equity (RoE) of 12.2%. Operating income surged … Read the full press release

ProCredit Group’s Sustainable Growth: Impact Report 2023 Reveals Climate Commitment and Social Progress

(IN BRIEF) ProCredit Group, with a focus on South Eastern and Eastern Europe, unveils its Impact Report for the 2023 financial year, showcasing its robust commitment to sustainability. The report highlights achievements such as the inauguration of the “ProEnergy” solar … Read the full press release

ABN AMRO MeesPierson Ups Equity Position Amidst Optimistic Economic Outlook

(IN BRIEF) ABN AMRO MeesPierson, the private bank, announces a shift in its equity weighting from neutral to slightly overweighted, citing a more favorable macroeconomic landscape and the potential for interest rate cuts. Chief Investment Strategist Ralph Wessels highlights the … Read the full press release

Fugro Initiates €42.8 Million Share Repurchase Program to Fulfill Employee Share Programs

(IN BRIEF) Fugro has announced the commencement of a share repurchase program, aiming to buy back 2 million of its ordinary shares to fulfill obligations under its employee share programs. Scheduled to begin on March 20, 2024, and anticipated to … Read the full press release

Shell Releases 27th Annual Sustainability Report, Highlights Progress Towards Emission Reduction Goals

(IN BRIEF) Shell has published its 27th annual Sustainability Report, showcasing progress made in social, safety, and environmental performance throughout 2023. CEO Wael Sawan emphasizes the company’s commitment to creating more value with fewer emissions, noting advancements in reducing carbon … Read the full press release

Team Europe Delegation Commits €166 Million for Benin’s Development Agenda

(IN BRIEF) A high-level Team Europe delegation recently concluded an official visit to Benin, solidifying the country’s partnership with the European Union through the signing of finance contracts totaling €166 million. Led by senior leaders of European institutions and development … Read the full press release

EIB Group Boosts Portuguese Economy with €2.1 Billion Investment in 2023

(IN BRIEF) In 2023, Portugal witnessed a significant financial influx from the European Investment Bank Group (EIB Group), totaling over €2.1 billion, marking a 25% increase from the previous year. This substantial support, aimed at fostering economic growth, social cohesion, … Read the full press release

EIB Signs MoU with Ukrhydroenergo to Boost Ukraine’s Energy Security

(IN BRIEF) EIB President Nadia Calviño hosted Ukrainian Prime Minister Denys Shmyhal at the EIB headquarters, marking a significant step in bolstering Ukraine’s energy security amidst ongoing challenges from the war. The meeting saw the signing of a Memorandum of … Read the full press release

Ahold Delhaize Repurchased 704,412 Shares as Part of €1 Billion Buyback Program

(IN BRIEF) Ahold Delhaize announces the repurchase of 704,412 common shares between March 11, 2024, and March 15, 2024, as part of its €1 billion share buyback program initiated on November 8, 2023. The shares were bought at an average … Read the full press release

EIB Supports Skellefteå’s Social Housing Drive Amidst Green Industrialization

(IN BRIEF) The European Investment Bank (EIB) is backing Skellefteå Kommun in Sweden with a SEK 800 million loan (€70 million) to facilitate the construction of 743 new, energy-efficient social housing units. These homes, vital amidst the green industrialization, especially … Read the full press release

Unveiling the Hidden Epidemic: Experian’s Podcast Exposes Financial Abuse Impacting Women in the UK

(IN BRIEF) Experian’s latest episode of The Cost of Loving podcast uncovers the pervasive issue of financial abuse, affecting 5.5 million women in the UK, with a significant portion falling between the ages of 18 to 24. Through candid discussions … Read the full press release

Loughborough University Hosts Manufacturing and Trade Conference to Drive Regional Growth

(IN BRIEF) Loughborough University is set to host the East Midlands Chamber’s Manufacturing and Trade Conference on March 26, focusing on key themes of investment, innovation, infrastructure, and international trade. With a lineup of keynote speakers, workshops, and panel discussions, … Read the full press release

BNP Paribas Appoints New Heads for Commercial Banking and Leasing Solutions

(IN BRIEF) BNP Paribas announces the appointment of Isabelle Loc as the new Head of Commercial & Personal Banking in France, succeeding Marguerite Bérard and joining the BNP Paribas Executive Committee. With a diverse background within the group, including leadership … Read the full press release

BBVA’s Successful €1 Billion Green Bond Issue Exceeds Demand

(IN BRIEF) BBVA’s issuance of a €1 billion seven-year green senior preferred bond on Friday garnered overwhelming demand, reaching €3.3 billion, indicating investor confidence in the bank’s sustainability initiatives. The final price was set at mid-swap plus 90 basis points, … Read the full press release

BBVA Shareholders Overwhelmingly Approve Agenda Items at Annual General Meeting

(IN BRIEF) BBVA shareholders demonstrated strong support for agenda items during the Annual General Meeting, with corporate management receiving 98.2 percent of votes and a historic quorum of 71 percent. Shareholders endorsed the appointment of Enrique Casanueva and Cristina de … Read the full press release

DBDX Launches Successful Crypto Trading with ICF Bank and Bankhaus Metzler as Pilot Clients

(IN BRIEF) The Deutsche Börse Digital Exchange (DBDX) has commenced trading activities with successful transactions facilitated by ICF Bank and Bankhaus Metzler, marking a significant milestone in the institutional adoption of blockchain technology in the financial sector. With a focus … Read the full press release

EQT Reflects on Strong Performance and Global Expansion in Annual Report

(IN BRIEF) EQT, a leading investment firm, reviews its accomplishments in the past year, highlighting the successful integration of BPEA into EQT Private Capital Asia, the establishment of new strategies for individual investors, and increased investment activity despite market uncertainties. … Read the full press release

EIB Supports Iberdrola’s Green Grid Expansion with €700 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has approved a €700 million green loan to facilitate the expansion of Iberdrola’s electricity distribution grid in Spain, aiming to enhance the integration of renewable energy sources and enable new uses such as … Read the full press release

EBRD Supports Araltuz’s Expansion with KZT 5.5 Billion Loan for Production Facility Upgrades

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is aiding the growth of Araltuz, a prominent salt producer in Kazakhstan, by providing a convertible loan of up to KZT 5.5 billion. This funding will facilitate the modernization of … Read the full press release