Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Wiener Börse Akademie Offers 15% New Year’s Discount to Boost Financial Knowledge

(IN BRIEF) The Wiener Börse Akademie, in collaboration with the WIFI Management Forum and Wiener Börse AG, presents an opportunity for individuals to kickstart their financial resolutions by enhancing their financial knowledge. With a wide range of courses covering 30 … Read the full press release

Outokumpu Completes Share Buyback Program with Over 268,000 Shares Repurchased

(IN BRIEF) Outokumpu has successfully completed its share buyback program, acquiring a total of 268,245 of its own shares across various trading venues at an average price of EUR 4.11 per share, amounting to a total cost of EUR 1,102,228.22. … Read the full press release

UniCredit Bank Austria Issues €750 Million Green Covered Bond, Reinforcing Commitment to Sustainability

(IN BRIEF) UniCredit Bank Austria has issued a Green Covered Bond worth €750 million with a maturity of nearly 5 years, following its sustainability strategy. This marks the third green bond issuance by the bank, with the bookbuilding process oversubscribed … Read the full press release

PERUMIN Event Highlights Financial Inclusion for Artisanal and Small-Scale Miners in Peru

(IN BRIEF) Solidaridad, planetGOLD Peru, and the Ministry of Energy and Mines of Peru organized a panel at the PERUMIN event to emphasize the importance of financial inclusion in the artisanal and small-scale mining (ASM) sector. The event aimed to … Read the full press release

Xetra-Gold’s Gold Holdings Decrease by 31.5 Tonnes in 2023, Remains a Long-term Investment Choice

(IN BRIEF) The gold holdings of Xetra-Gold, Europe’s largest physically backed gold security, decreased to 198.7 tonnes by the end of 2023, marking a 31.5-tonne reduction over the year. Despite short-term yield opportunities and a record-high gold price in euros, … Read the full press release

Barclays Strengthens Research Team with Chief Japan Economist Hire, Mr. Naohiko Baba

(IN BRIEF) Barclays has welcomed Mr. Naohiko Baba as Managing Director, Chief Japan Economist, and Head of Japan Research, effective from January 1, 2024. With over 30 years of industry experience, Mr. Baba will lead Barclays’ macroeconomic research efforts for … Read the full press release

WWF Report Urges Major Shift in Financing to Support Regenerative Farming in England

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) A new report by WWF, sponsored by NatWest Group, calls for a fundamental shift in how food and farming are financed and supported in England to facilitate the transition towards regenerative, nature-friendly farming. The report highlights the challenges … Read the full press release

Norsk Hydro ASA Share Buyback Program: Over 14 Million Shares Repurchased

(IN BRIEF) Norsk Hydro ASA provides an update on its ongoing share buyback program, which began on September 22, 2023, and is scheduled to conclude on February 29, 2024. The company reports transactions, including the number of shares repurchased and … Read the full press release

Equinor and bp Terminate Empire Wind 2 OREC Agreement Amid Economic Challenges

(IN BRIEF) Equinor and bp have jointly decided to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind endeavor in the US capable of generating 1,260 MW of power. The move … Read the full press release

Enel Continues Share Buyback Program with Acquisition of 186,000 Treasury Shares

(IN BRIEF) Enel S.p.A. has announced the purchase of 186,000 treasury shares between December 27th and 29th, 2023, on the Euronext Milan market, at an average price of 6.7302 euros per share, amounting to 1,251,825.900 euros. This transaction is part … Read the full press release

EIB Backs Agria Group Holding’s Sunflower Oil Plant and Sustainable Transport in Bulgaria with €35 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has partnered with Kristera AD, a subsidiary of Agria Group Holding, to provide a €35 million loan for the construction of a new sunflower oil processing plant in northern Bulgaria and the acquisition … Read the full press release

Destatis: Germany’s Employment Sees Modest Uptick in November 2023, Reaching New High

(IN BRIEF) In November 2023, approximately 46.1 million persons residing in Germany were employed, marking a slight increase in employment. According to provisional calculations from the Federal Statistical Office (Destatis), the seasonally adjusted number of persons in employment rose by … Read the full press release

Outokumpu Completes Share Repurchases, Holds 25.9 Million Treasury Shares

(IN BRIEF) On December 28, 2023, Outokumpu concluded its share repurchase program, acquiring a total of 169,699 of its own shares across various trading venues. The buyback program, which had a maximum limit of 11 million shares and was authorized … Read the full press release

Vienna Stock Exchange in 2023: Resilience Amid Economic Challenges and Record Bond Listings

(IN BRIEF) The Vienna Stock Exchange faced a challenging year in 2023, marked by high interest rates, persistent inflation, and geopolitical tensions that impacted European stock markets. Despite these unfavorable conditions affecting trading activity, the exchange achieved a record year … Read the full press release

EBRD Grants $10 Million Loan to Atameken-Agro for Agricultural Modernization and Environmental Enhancement in Kazakhstan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Atameken-Agro, a leading agricultural holding in Kazakhstan, to support the modernization and environmental improvement of its agricultural machinery. This initiative aims to enhance … Read the full press release

European Investment Bank and Bank of Georgia Partner to Boost Green Investments and SME Growth with €50 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has inked a €50 million loan agreement with the Bank of Georgia, aimed at supporting small and medium-sized enterprises (SMEs) and mid-cap companies, while also promoting sustainable economic recovery and growth. Notably, a … Read the full press release

Outokumpu Completes Share Repurchase, Adding 158,885 Treasury Shares

(IN BRIEF) On December 27, 2023, Outokumpu finalized its share repurchase program, acquiring its own shares as per the following breakdown: 58,492 shares on CEUX at a weighted average price of EUR 4.5323 per share, 99,377 shares on XHEL at … Read the full press release

ING Repurchases Nearly 15 Million Shares in €2.5 Billion Buyback Program

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced that it has successfully repurchased 14,925,745 shares during the week of December 18 to December 22, 2023, as part of its €2.5 billion share buyback program initiated on November 2, 2023. These shares were acquired … Read the full press release

Eni Achieves Record Gas Introduction Milestone at Congo LNG Project

(IN BRIEF) Eni has announced a significant achievement in its Congo LNG project, with the successful introduction of gas into the Tango Floating Liquefied Natural Gas (FLNG) facility moored in Congolese waters, just twelve months after the final investment decision. … Read the full press release

Kosovo Family’s Sustainable Heating Journey: A Green Investment with EBRD’s Support

(IN BRIEF) In central Kosovo’s village of Koshare, the Sopa family, like many others, used to spend a significant amount on wood for heating their home during harsh winters. Seeking a more sustainable and cost-effective solution, Florim Sopa invested nearly … Read the full press release