Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

ABN AMRO Leads in Sustainable Finance with Updated Green Bond Framework

(IN BRIEF) ABN AMRO announces the publication of an updated Green Bond Framework and Second Party Opinion on its corporate website, reaffirming its commitment to sustainable finance. As one of the first banks in Europe to issue green bonds in … Read the full press release

EIB Boosts Croatia’s Sustainable Growth with Record Financing and Green Investments

(IN BRIEF) The EIB Group announces a robust year of activity in Croatia for 2023, committing €464 million in financing to support economic and social cohesion, green transition, and digital transformation. This brings the total investment in Croatia over the … Read the full press release

Outokumpu Oyj repurchased 51,461 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu has successfully concluded its share repurchase program, acquiring its own shares across various trading venues. With meticulous detail provided on the number of shares, weighted average prices, and total costs, the company has demonstrated transparency in its … Read the full press release

European Investment Bank Group Advisory Services to Address Affordable Housing Shortage in Czechia

(IN BRIEF) The European Investment Bank Group’s Advisory Services, in collaboration with the Czech Ministries of Finance and Regional Development, is set to tackle the housing shortage affecting approximately 270,000 people in Czechia. The partnership aims to develop a strategic … Read the full press release

EIB Group Investment in Czechia Spurs Greener Infrastructure, Boosts Small Businesses, and Drives Innovation

(IN BRIEF) In 2023, the European Investment Bank Group (EIB Group) made significant investments totaling €1.88 billion in the Czech Republic, focusing on initiatives to enhance regional development, economic resilience, and environmental sustainability. The largest loan, amounting to €985 million, … Read the full press release

InvestEU Programme and EIF Join Forces to Boost Social Enterprises and Creative Sector in Catalonia

(IN BRIEF) With support from the InvestEU programme, the European Investment Fund (EIF) and the Catalan Finance Institute (ICF) have entered into a capped portfolio guarantee agreement to leverage €64 million in financing for social enterprises and entities in the … Read the full press release

NatWest Regional PMI Survey Signals Broad Economic Growth Across UK Regions

(IN BRIEF) The latest NatWest Regional PMI® survey reveals a positive start to the year for most areas of the UK, with business activity expanding across ten out of twelve regions and nations. London and the West Midlands led the … Read the full press release

NatWest and Beauhurst Startup Index Reveals Record Year for UK Entrepreneurship in 2023

(IN BRIEF) The NatWest and Beauhurst Startup Index released today unveils a landmark year for entrepreneurship in the UK, with over 900,000 new companies incorporated, marking a record high. Despite economic challenges such as inflation and operational costs, the surge … Read the full press release

EQT X Reaches 30-35% Investment Milestone

(IN BRIEF) EQT X has achieved a significant milestone, with expectations to be 30-35% invested based on its target fund size, subject to regulatory approvals. This development signals progress for EQT X, highlighting its commitment to strategic investments. However, it’s … Read the full press release

Outokumpu Oyj repurchased 877 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) In its latest move, Outokumpu has finalized the repurchase of its own shares as per the announced buyback program. On February 9, 2024, the company acquired 877 shares at an average price of 4.114 EUR per share, amounting … Read the full press release

Swiss Banks Boost Financing to Egypt’s Textile Modernization Program to EUR 375 Million

(IN BRIEF) Credit Suisse AG, UBS Switzerland AG, and other Swiss banks have collectively increased their financing commitment to the Cotton, Spinning, Weaving & Garment Holding Co in Cairo, Egypt, to EUR 375 million as part of the country’s textile … Read the full press release

Yara Reports Lower Fourth-Quarter Earnings but Sees Positive Market Trends for 2024

(IN BRIEF) Yara, a leading fertilizer company, announced its fourth-quarter financial results, revealing a decline in earnings compared to the previous year due to lower market prices and one-off position effects. Despite this, the company’s EBITDA stood at USD 586 … Read the full press release

Barclays Expands Reach with Acquisition of Tesco Retail Banking Business and Exclusive Partnership Deal

(IN BRIEF) Barclays Bank UK PLC has announced its agreement to acquire Tesco’s retail banking business, marking a significant strategic move to expand its offerings and distribution channels in the UK. This acquisition, along with an exclusive long-term partnership to … Read the full press release

Barclays Intensifies Climate Commitment with New Climate Change Statement and Transition Finance Framework

(IN BRIEF) Barclays reinforces its dedication to addressing climate change by releasing a revised Climate Change Statement and unveiling a Transition Finance Framework. The updated statement outlines stringent measures, including restrictions on financing for certain energy projects and requirements for … Read the full press release

BASF Initiates Divestment from Xinjiang Joint Ventures Amid Sustainability Strategy Shift

(IN BRIEF) BASF, in line with its global strategy for 1,4-butanediol (BDO), commenced the process to divest its shares from joint venture companies in Korla, China, due to environmental concerns and evolving market dynamics. The decision follows an assessment of … Read the full press release

EIB Group and Deutsche Leasing Romania Forge €335 Million Agreement to Boost Small Business Financing and Climate Action

(IN BRIEF) The European Investment Bank Group (EIB Group) collaborates with Deutsche Leasing Romania IFN SA (DLRO) to finalize a synthetic securitization transaction worth €335 million, aimed at mitigating credit risk and enhancing lending capacity for DLRO, which in turn … Read the full press release

EIB Global’s €1.2 Billion Injection Energizes Western Balkans’ Future

(IN BRIEF) EIB Global, the financing arm of the European Investment Bank outside the EU, set a milestone by investing €1.2 billion in the Western Balkans in 2023, aiming to catalyze over €6 billion in new investments. The funds are … Read the full press release

Saab Achieves Strong Growth in 2023: Year-End Report Highlights and Strategy Execution Update

(IN BRIEF) Saab releases its year-end report for 2023, showcasing significant growth and positive performance indicators. President and CEO Micael Johansson highlights the company’s successful navigation through a changing market reality, with notable increases in orders, sales, and investments in … Read the full press release

Outokumpu Oyj repurchased 9,603 own shares as Part of EUR 50 Million Buyback Program

(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, has successfully concluded the repurchase of its own shares according to the schedule outlined on February 8, 2024. The company disclosed the completion of share repurchases across various trading venues, totaling 9,603 … Read the full press release

Emma Crystal Appointed CEO of NatWest Group’s Wealth Businesses, Including Coutts, in Strategic Move

(IN BRIEF) NatWest Group has announced the appointment of Emma Crystal as the new CEO of its Wealth Businesses, which include Coutts, pending regulatory approval. With a background in Investment Banking at Deutsche Bank and extensive experience in Wealth Management … Read the full press release