Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

Yara Expands Organic-Based Fertilizer Business with Acquisition of Agribios Italiana

(IN BRIEF) Yara, a global leader in agricultural solutions, has announced the acquisition of Agribios Italiana’s organic-based fertilizer business, strengthening its commitment to regenerative agriculture and soil health in Europe. By combining Agribios’ expertise in organic-based fertilizers with Yara’s reach … Read the full press release

Outokumpu Completes Share Repurchase Program: Acquires 170,090 Own Shares

(IN BRIEF) On December 12, 2023, Outokumpu has successfully completed its share repurchase program, buying back a total of 170,090 of its own shares on trading venues CEUX and XHEL. The repurchase program, which was announced on November 29, 2023, … Read the full press release

EIB Commits to Supporting Refugees, Economic Resilience, and Social Inclusion at the 2023 Global Refugee Forum

(IN BRIEF) The European Investment Bank (EIB) has reiterated its dedication to addressing the needs of refugees, enhancing economic resilience in host and origin communities, and fostering social inclusion at the 2023 Global Refugee Forum. The EIB collaborated with partners … Read the full press release

Voith Group Achieves Robust Performance Amidst Challenging Environment, Prioritizes Sustainability and Growth

(IN BRIEF) The Voith Group has demonstrated resilience and achieved strong results during the 2022/23 fiscal year, navigating a challenging economic environment successfully. The company reported positive growth across key performance indicators, with orders received surpassing expectations at €6.14 billion, … Read the full press release

EBRD Launches €200 Million Youth in Business Program to Boost Entrepreneurship in Central Asia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is taking steps to tackle youth unemployment and promote entrepreneurship in Central Asia by introducing a seven-year, €200 million (US$218 million) Youth in Business program. This initiative aims to provide … Read the full press release

Azerbaijani Furniture Maker Foriella Grows and Innovates with EBRD Support

(IN BRIEF) In Azerbaijan, furniture manufacturer Foriella, led by Owner and Director Farman Islamli, is harnessing innovation and quality craftsmanship to expand its presence in domestic and international markets. Seeking assistance from the European Bank for Reconstruction and Development (EBRD), … Read the full press release

EBRD Partners with Housing Bank to Promote Green Investment in Jordan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is facilitating environmentally friendly investment in Jordan through its Green Economy Financing Facility (GEFF) by granting a $15 million (€13.8 million) loan to the Housing Bank (HBTF). This funding package … Read the full press release

Accenture to Partner with Commercial Bank of Dubai on Technology Transformation Program

(IN BRIEF) Accenture has signed a strategic agreement with the Commercial Bank of Dubai (CBD) to support its technology transformation program, aiming to enhance its banking services for both personal and business customers. Under the agreement, Accenture will establish a … Read the full press release

Siemens Announces Virtual Annual Shareholders’ Meeting in February 2024, Proposes Increased Dividend, and Highlights Strong Fiscal Year Performance

(IN BRIEF) Siemens AG has revealed plans for its Annual Shareholders’ Meeting scheduled for February 8, 2024, to be held in a virtual format, following approval at the 2023 Annual Shareholders’ Meeting. The company’s Chairman of the Supervisory Board, Jim … Read the full press release

Эксперт по торговле акциями Сергей Левин запускает онлайн-мастер-класс по торговле сырьевыми товарами и хеджированию

УЧАСТНИКИ МАСТЕР-КЛАССА ПОЛУЧАТ СЦЕННЫЕ ЗНАНИЯ О МИРЕ ТОРГОВЛИ СЫРЬЕВЫМИ ТОВАРАМИ И ХЕДЖИРОВАНИЯ ЧЕРЕЗ ИМЕРСИВНЫЙ ОНЛАЙН-КУРС, ОСНОВАННЫЙ НА СТРАТЕГИИ ЭКСПЕРТА ПО ТОРГОВЛЕ ЗОЛОТОМ МИХАИЛА ПЕЛЕГА. (ВКРАТЦЕ) Независимый эксперт по акционной торговле Сергей Левин запускает эксклюзивный четырехнедельный онлайн-курс под названием “Мастер-класс по … Read the full press release

BBVA Named Europe’s Most Sustainable Bank for Fourth Consecutive Year in Dow Jones Sustainability Index

(IN BRIEF) For the fourth year in a row, BBVA has been recognized as Europe’s most sustainable bank in the Dow Jones Sustainability Index (DJSI), a leading global sustainability ranking. The bank received a total score of 84 out of … Read the full press release

Outokumpu Completes Share Repurchase, Acquiring Over 169,000 Shares

(IN BRIEF) On December 8, 2023, Outokumpu successfully completed its share repurchase program, acquiring a total of 169,928 of its own shares across two trading venues, CEUX and XHEL. The weighted average price per share stood at EUR 4.33, resulting … Read the full press release

Digi Communications N.V. announces the conclusion by Company’s Portuguese subsidiary of a framework agreement for spectrum usage rights

Digi Communications intends to propose to shareholders the distribution of dividends for the fiscal year 2023 at the upcoming General Meeting of Shareholders, which shall take place in June 2024

(IN BRIEF) Digi Communications N.V. has announced that its Portuguese subsidiary, Digi Portugal, has entered into a framework agreement with Vodafone Portugal. Pending approval from the Portuguese Competition Authority, Digi Portugal will receive spectrum usage rights in the 1,800 Mhz … Read the full press release

NIB and Landsbankinn Sign USD 75 Million Loan Program to Boost SMEs and Environmental Projects in Iceland

(IN BRIEF) The Nordic Investment Bank (NIB) and Icelandic bank Landsbankinn hf. have entered into a new seven-year USD 75 million loan program aimed at financing small and medium-sized enterprises (SMEs) and environmental initiatives in Iceland. The program will provide … Read the full press release

Americans Seek Financial Professionals for Holistic Guidance, Allianz Life Study Reveals

(IN BRIEF) According to the Annual Retirement Study by Allianz Life Insurance Company of North America (Allianz Life), despite facing financial challenges such as market volatility, inflation, and recurring crises, most Americans are not seeking the assistance of financial professionals … Read the full press release

European Investment Fund Joins Bürgschaftsbank for €200 Million SME Financing Boost in Germany

(IN BRIEF) Bürgschaftsbank Baden-Württemberg (BBBW) and Bürgschaftsbank Nordrhein-Westfalen (BBNRW) are expanding their guarantee support for regional financial institutions aiming to provide financing to small and medium-sized enterprises (SMEs) in the German states of Baden-Württemberg and North Rhine-Westphalia. The European Investment … Read the full press release

EU Finance Ministers Back Nadia Calviño as New President of European Investment Bank

(IN BRIEF) European Union finance ministers have given their unanimous support to Nadia Calviño’s candidacy for the presidency of the European Investment Bank (EIB) during discussions held at the EU Economic and Financial Affairs Council meeting in Brussels. Calviño, currently … Read the full press release

€500 Million Investment to Boost Sustainable Rail Travel in Italy

(IN BRIEF) In a significant move towards promoting sustainable mobility, the European Investment Bank (EIB) has committed €500 million to Ferrovie dello Stato Italiane S.p.A. (FS) to enhance rail services in Italy’s Campania and Lazio regions. This partnership aims to … Read the full press release

NatWest and BCG Report Highlights £900 Billion Investment Requirement for UK’s Net Zero Energy Supply

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

(IN BRIEF) NatWest and Boston Consulting Group (BCG) have released a report emphasizing the substantial financial investment needed to achieve a net-zero energy supply in the UK by 2050, estimating the capital expenditure requirement at over £900 billion. This investment … Read the full press release

IATA: Global Air Cargo Demand Continues to Grow, but Challenges Loom in the Economic Horizon

(IN BRIEF) Global air cargo demand increased by 3.8% in October 2023 compared to the same month in 2022, marking the third consecutive month of stronger year-on-year demand, according to the International Air Transport Association (IATA). However, capacity, measured in … Read the full press release