Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

TreeFrog Therapeutics Secures €30 Million from EIB to Advance Parkinson’s Disease Cell Therapy

(IN BRIEF) TreeFrog Therapeutics has secured €30 million in financing from the European Investment Bank to advance its cell therapy program for Parkinson’s disease and support the development of its internal pipeline targeting diseases with high unmet needs. The funding, … Read the full press release

EIB and National Bank of North Macedonia Complete Climate Risk Capacity-Building Initiative

(IN BRIEF) The European Investment Bank (EIB Global) and the National Bank of the Republic of North Macedonia (NBRNM) have completed a climate risk capacity-building initiative under the Greening Financial Systems Advisory Programme. The project has enhanced NBRNM’s ability to … Read the full press release

KfW IPEX-Bank Supports Major Polish Offshore Wind Farms with EUR 3 Billion Financing

(IN BRIEF) KfW IPEX-Bank has played a leading role in financing the Baltyk 2 and Baltyk 3 offshore wind farms in Poland, each with a 740 MW capacity. With a EUR 3 billion financing for each project, KfW IPEX-Bank, as … Read the full press release

Crédit Coopératif Pursues Acquisition of Anytime to Enhance Digital Services for Associations

(IN BRIEF) As part of its 2030 strategic plan, Crédit Coopératif is in exclusive discussions with Orange Bank to acquire Anytime, a fintech specializing in supporting associations. The acquisition will strengthen Crédit Coopératif’s digital offerings and expand its services for … Read the full press release

European Investment Fund Commits €40 Million to Pioneering Defence Tech Fund, Supporting Europe’s Strategic Autonomy

(IN BRIEF) The European Investment Fund (EIF) has made its first investment in a dedicated European defence fund, committing €40 million to Keen’s European Defence and Security Tech Fund. The fund will focus on early-stage companies pioneering technologies in areas … Read the full press release

World Economic Forum Leadership Change: Klaus Schwab Resigns as Chairman, Peter Brabeck-Letmathe Appointed Chairman ad Interim

(IN BRIEF) World Economic Forum Chairman Klaus Schwab has stepped down after 55 years of leadership, announcing his resignation as he enters his 88th year. The Board of Trustees appointed Peter Brabeck-Letmathe as Chairman ad interim and formed a Search … Read the full press release

Experian Research Reveals the Average Cost of Attending a Wedding Abroad Has Reached £1,956, Adding Financial Pressure for Guests

(IN BRIEF) Experian’s latest research shows that attending a wedding abroad now costs an average of £1,956, a financial burden for many guests. Over 37% of Brits have been invited to at least one destination wedding in the past year, … Read the full press release

RATO Credit Union and EIF Launch €20 Million Financing Initiative to Support Sustainable Projects in Lithuania

(IN BRIEF) RATO Credit Union has partnered with the European Investment Fund (EIF) under the InvestEU program to provide €20 million in financing for sustainable projects in Lithuania. This agreement enables RATO to offer more accessible loans with favorable terms, … Read the full press release

OP Financial Group Partners with Accenture to Transform Pohjola Insurance with Cloud and AI Solutions

(IN BRIEF) OP Financial Group has expanded its partnership with Accenture to modernize Pohjola Insurance, focusing on enhancing agility, operational efficiency, and customer experience. The collaboration includes implementing a cloud-based Guidewire platform to streamline IT applications, generate operational savings, and … Read the full press release

ABN AMRO Survey Highlights Rising Cyber Threats and Gaps in Resilience Among Dutch Companies

(IN BRIEF) A recent cybersecurity survey by ABN AMRO reveals that Dutch companies, particularly SMEs, are increasingly vulnerable to cyberattacks, with many underestimating the risks from state actors and new cyber threats. The survey highlights gaps in awareness and preparedness … Read the full press release

Outokumpu Converts EUR 9.5 Million of Convertible Bonds into Shares

(IN BRIEF) Outokumpu has converted EUR 9,500,000 of its senior unsecured convertible bonds into 3,578,962 new shares, with no change to the total number of outstanding shares. After the cancellation of treasury shares, Outokumpu will hold 28,123,822 treasury shares. The … Read the full press release

Barclays Appoints Marc Warm as Global Co-Head of Capital Markets to Drive Growth

(IN BRIEF) Barclays appoints Marc Warm as Global Co-Head of Capital Markets, joining Tom Johnson and Travis Barnes. With over 30 years of experience in leveraged finance, Marc brings extensive expertise in the credit markets and a strong network of … Read the full press release

Natixis Appoints Anne Sabot as CFO, Effective June 2025

(IN BRIEF) Anne Sabot has been appointed CFO of Natixis Corporate & Investment Banking, effective June 1, 2025. With extensive experience within Groupe BPCE, she will join both the Natixis Senior Management Committee and the BPCE Executive Committee. She succeeds … Read the full press release

FTSE Russell and JPX Enhance Blossom Japan Indices with Alignment to TOPIX for ESG Integration

(IN BRIEF) FTSE Russell and JPX Market Innovation & Research Inc. have announced a collaboration to align the FTSE Blossom Japan Index and the FTSE Blossom Japan Sector Relative Index with the Tokyo Stock Price Index (TOPIX). This move, driven … Read the full press release

EU Report Urges Enhanced Insurance and Climate Adaptation to Mitigate €28 Billion Annual Losses in Agriculture

(IN BRIEF) The EIB and European Commission’s report reveals that the EU agricultural sector faces annual losses of more than €28 billion due to adverse weather, with potential increases of up to 66% by 2050 due to climate change. The … Read the full press release

Castel Mimi Winery in Moldova Receives €1.24 Million Investment for Sustainable Growth and Wellness Centre Development

(IN BRIEF) The EBRD, EU, and maib have partnered to fund Castel Mimi’s expansion in Moldova, providing a €1.24 million loan to build a wellness centre at its award-winning wine resort. This investment supports sustainable development in Moldova’s wine tourism … Read the full press release

EBRD Invests €76 Million in VGP’s Green Bonds to Enhance Sustainable Logistics Infrastructure in Central and Southeastern Europe

(IN BRIEF) The EBRD has invested €76 million in VGP’s green bond programme, aimed at supporting the development and acquisition of sustainable logistics and industrial parks in Central and Southeastern Europe. The funding will help expand the availability of high-quality, … Read the full press release

Lloyds: Software Services and Real Estate Drive UK Sector Growth, Despite Broader Output Slowdown

(IN BRIEF) In April 2025, the UK Sector Tracker report revealed that only two sectors (software services and real estate) showed output growth, a slight dip from March but an improvement from January. Despite this, overall output growth expectations softened … Read the full press release

NIB and Celltechna Collaborate on First Baltics Gene Therapy Centre to Boost Life Sciences Innovation

(IN BRIEF) NIB has financed the Gene Therapy Centre in Lithuania, a groundbreaking facility advancing gene therapy research and manufacturing. Opened in September, it is a critical part of Lithuania’s life sciences sector, contributing to the country’s goal of growing … Read the full press release

Snam Unveils Employee Stock Ownership Plan to Enhance Engagement and Shareholder Participation

(IN BRIEF) Snam has launched “Noi Snam”, its first employee stock ownership plan, designed to engage employees and foster a sense of belonging. The plan will be available to all employees, with benefits such as matching shares and loyalty shares. … Read the full press release