Category Archives: European Union

Press Releases & News from European Union distributed via EuropaWire

Creas Impacto II Targets €70 Million with Backing from EIF, ICO, Carasso Foundation, and Private Investors

(IN BRIEF) Creas Impacto II, supported by EIF, ICO, the Carasso Foundation, and private investors, targets a €70 million fund size under the InvestEU program. The fund, managed by CREAS, focuses on investing in about 12 growth-stage companies in Spain … Read the full press release

EU Competitiveness Council Meets at MOL Group HQ to Drive Green Energy Transition

(IN BRIEF) Under the Hungarian EU Presidency, the Competitiveness Council gathered at MOL Group’s headquarters to discuss Europe’s industrial competitiveness amidst the green energy transition. Key stakeholders emphasized the need for collaborative policymaking and a supportive regulatory environment. Zoltán Áldott … Read the full press release

Kembara Fund I FCR Secures €350 Million EIF Commitment to Drive Deep Tech and Climate Innovation

(IN BRIEF) Kembara Fund I FCR, a €1 billion deep tech and climate-focused fund managed by Spain-based Alma Mundi Ventures, has secured a €350 million commitment from the European Investment Fund (EIF). As the first Spanish fund to be selected … Read the full press release

EIB Advisory to Bolster Athens Water Utility EYDAP’s Investment Initiative

(IN BRIEF) The European Investment Bank (EIB) will provide advisory services to the Athens Water Supply and Sewerage Company (EYDAP) in Greece to support its €2 billion, 10-year investment programme. This initiative aims to enhance the resilience of Athens’ water … Read the full press release

EIF and kompasbank Unlock €175 Million to Boost Danish SMEs and Green Initiatives

(IN BRIEF) The European Investment Fund (EIF) and Danish corporate bank kompasbank a/s have partnered to provide at least €175 million in new loans to Danish small and medium-sized enterprises (SMEs). Supported by the InvestEU programme, the three portfolio guarantee … Read the full press release

EIB Invests €37.5 Million in Nyxoah’s Innovative Sleep Apnea Solutions

(IN BRIEF) The European Investment Bank (EIB) has awarded Belgium-based medtech company Nyxoah €37.5 million in venture-debt financing to support the development of innovative treatments for obstructive sleep apnea (OSA). This funding, backed by the InvestEU Life Sciences programme, will … Read the full press release

Thales Boosts Rocket Production at Belgian Site to Strengthen European Defense

(IN BRIEF) Thales Belgium has inaugurated a new assembly line at its Herstal facility, marking a significant expansion in the production of 70-mm laser-guided rockets. Supported by a €20 million investment and government backing, including from the Walloon Region and … Read the full press release

EBRD Report: CESEE Non-Performing Loans Stable Amid Economic Uncertainty

(IN BRIEF) The latest NPL Monitor report by the EBRD reveals that non-performing loans (NPLs) in the CESEE region remained stable despite economic uncertainties. While NPL volumes increased marginally, the overall NPL ratio held steady at 2.1%, indicating resilience in … Read the full press release

Faktoro Secures €55 Million EIF Guarantee to Boost Lithuanian SMEs and Social Enterprises

(IN BRIEF) Faktoro, a leading non-bank business financier in Lithuania, has entered into a guarantee agreement with the European Investment Fund (EIF) to provide up to €55 million in new financing for more than 800 Lithuanian companies. The funding, supported … Read the full press release

EIB Group Expands in Cyprus with New Office in Nicosia to Boost Local Economy

(IN BRIEF) The European Investment Bank Group (EIB Group) is set to expand its presence in the European Union by opening a new office in Nicosia, Cyprus. This decision was revealed during discussions between EIB Group President Nadia Calviño and … Read the full press release

EIB Group’s Financing Boosts SME Growth and Start-up Success in Europe

(IN BRIEF) A new study from the European Investment Bank (EIB) Group has found that its financial support significantly boosts growth and productivity for small and medium-sized enterprises (SMEs) and mid-cap companies across Europe. Companies receiving EIB loans reported a … Read the full press release

EIF Grants €1 Million Loan to Boost Lending for Romanian Small Businesses Through Instant Factoring

(IN BRIEF) The European Investment Fund (EIF) has provided a RON 5 million (€1 million) subordinated loan to Romanian fintech Instant Factoring IFN, marking the first InvestEU funding for a Romanian fintech and factoring company. This loan will help Instant … Read the full press release

EIB Funds €1.2 Billion for Denmark’s Largest Wind Farm to Power Over a Million Homes

(IN BRIEF) The European Investment Bank (EIB) is providing a €1.2 billion loan to support the construction of the Thor wind farm in the Danish North Sea, developed by RWE. The 1.1 GW wind farm, consisting of 72 turbines, will … Read the full press release

Forest Management: New tool utilizes Copernicus satellite data and advanced artificial intelligence (AI) to map, mitigate, and prevent threats to EU forests

(IN BRIEF) The Horizon Europe-funded SWIFTT project introduces a tool using Copernicus satellite data and AI to combat forest threats like insect outbreaks, wildfires, and windthrow. This innovation aims to boost productivity and cost-effectiveness for forest managers and policymakers. Forests … Read the full press release

SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests

The solution will increase forest management productivity and cost-effectiveness, and enable forest managers, authorities, and policymakers to deal with forest threats proactively (IN BRIEF) Insect outbreaks, wildfires, and windthrow pose significant threats to European forests, exacerbated by climate change-induced extreme … Read the full press release

DNB Enhances SME Support with EIF Partnership, Unlocks NOK 2.5 Billion in Funding

(IN BRIEF) Norway’s largest lender, DNB Bank ASA, has partnered with the European Investment Fund (EIF) to bolster support for small and medium-sized enterprises (SMEs) through a groundbreaking collaboration. Backed by an EIF guarantee under the InvestEU program, DNB will … Read the full press release

InvestEU Program Bolsters SME Support: EIF and Innovation Norway Ink Landmark Deals

(IN BRIEF) The European Investment Fund (EIF) and Innovation Norway have sealed two groundbreaking agreements aimed at bolstering financing opportunities for small and medium-sized enterprises (SMEs) in Norway. This strategic collaboration will empower Innovation Norway to expand its lending volume, … Read the full press release

Breaking Ground: InvestEU Programme Launches in Iceland with Byggðastofnun Guarantee Pact

(IN BRIEF) In a significant move to bolster Icelandic small entrepreneurship beyond the capital region, the European Investment Fund (EIF) has inked a guarantee agreement with the Icelandic regional development agency, Byggðastofnun, under the European Commission’s InvestEU initiative. This agreement … Read the full press release

EU and Nefco Transform University Facilities into Social Housing for IDPs in Ivano-Frankivsk

(IN BRIEF) In response to the pressing need for safe housing for internally displaced persons (IDPs) in Ivano-Frankivsk, a city in western Ukraine, the European Union and Nefco have undertaken a transformative initiative. With approximately 41,000 IDPs seeking refuge in … Read the full press release

Bias Alert: LlamaChat AI Chatbot Favors Pro-European Views, Study Shows

(IN BRIEF) A recent study conducted by researchers from the University of Copenhagen sheds light on the political bias embedded within LlamaChat, a popular AI chatbot developed by Meta, particularly in its responses to European Union (EU) political issues. According … Read the full press release

EBRD and EU Launch €12.5 Million Programme to Boost Lebanese SMEs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a €12.5 million programme aimed at supporting small and medium-sized enterprises (SMEs) in Lebanon to enhance resource efficiency and circularity measures. Over a … Read the full press release

Strategic Alliance: EIB and Banco Sabadell Drive Economic Cohesion in Spain

(IN BRIEF) The European Investment Bank (EIB) and Banco Sabadell have joined forces in a significant deal, signing a guarantee agreement worth up to €200 million, which is the first phase of a broader operation of €300 million. Over the … Read the full press release

Globalization Trends: DHL Study Spotlights EU’s Rising International Influence

(IN BRIEF) In the latest DHL Global Connectedness Report, the Netherlands emerges as the most globalized country in the European Union, closely followed by Ireland and Luxembourg. Notably, 14 EU member states, including Malta, Belgium, Denmark, Sweden, Germany, Cyprus, Hungary, … Read the full press release

EIB Signs €75.5 Million Deal to Revamp Montenegro’s Railways, Boosting Connectivity and Sustainability

(IN BRIEF) In a significant move towards enhancing transportation infrastructure, the European Investment Bank (EIB) Global has sealed a €75.5 million financial agreement for the reconstruction of a crucial 167 km railway section connecting Bar, Podgorica, and Vrbnica in Montenegro. … Read the full press release

EU Blue Champions Program Unveils Top Ocean Innovators, Promotes Sustainable Growth

(IN BRIEF) The European Commission and the European Investment Bank revealed the 20 selected “EU Blue Champions,” representing diverse sectors such as tidal and wind energy, underwater robotics, and satellite data applications. Chosen from Croatia to Sweden, these champions demonstrated … Read the full press release

Innovative Geothermal Heating Project in Bavaria Receives Major Investment Boost from EIB and EU Innovation Fund

(IN BRIEF) The European Investment Bank (EIB) is providing close to €45 million for the implementation of an innovative geothermal heating project, Eavor-LoopTM, in Geretsried, Bavaria. This pioneering project, which received an additional €91.6 million grant from the EU Innovation … Read the full press release

EU Commission Backs Thales-Led AI Project for Land Forces’ Optronic Systems

(IN BRIEF) The European Commission has signed a Grant Agreement for the STORE (Shared daTabase for Optronics image Recognition and Evaluation) research project, led by Thales and funded by the European Defence Fund (EDF). Involving a consortium of 20 partners … Read the full press release

AFME Applauds European Council’s Push for New Competitiveness Deal

(IN BRIEF) The Association for Financial Markets in Europe (AFME) lauds the European Council’s recent conclusions advocating for a “new European competitiveness deal,” which underscores the importance of deepening the Single Market and advancing the Capital Markets Union (CMU). AFME … Read the full press release

EIB and Ukraine Forge Strategic Partnership for Reconstruction and Growth

(IN BRIEF) The European Investment Bank (EIB) and the Government of Ukraine have solidified a strategic collaboration to bolster Ukraine’s reconstruction, recovery, and integration with the EU. This partnership, marked by a new memorandum of understanding (MoU), pledges €560 million … Read the full press release

European Promotional Banks Surpass Circular Economy Financing Target, Aim for Ambitious Expansion

(IN BRIEF) The Joint Initiative on Circular Economy (JICE), spearheaded by prominent European Union public promotional banks and institutions, has exceeded its initial €10 billion financing goal for circular economy projects, reaching €11.57 billion by the close of 2023. At … Read the full press release

Tech Titans Unite: Paving Europe’s Digital Future

(IN BRIEF) Ericsson, alongside industry giants Nokia, IBM, Intel, and Vodafone, issues a rallying call to European policymakers, urging urgent action to ensure the region’s competitiveness in the digital economy. Ahead of the D9+ group meeting in Dublin, the companies … Read the full press release

Leading Tech Giants Advocate for EU Digital Competitiveness

(IN BRIEF) In a joint statement, Ericsson, IBM, Intel, Nokia, and Vodafone urged policymakers to prioritize Europe’s digital competitiveness, emphasizing the need for a true Digital Single Market, investment in advanced connectivity, and tailored regulatory frameworks. The companies highlighted five … Read the full press release

EU Initiative Boosts Resilience for Western Balkans SMEs

(IN BRIEF) The European Union’s Western Balkans Enterprise Development and Innovation Facility (WB EDIF) launches the Guarantee for SME Resilience Initiative, injecting €60 million to enhance access to finance for small and medium enterprises (SMEs) in the region. Through partnerships … Read the full press release

European Auto Industry CEOs Gather for Green Transition Talks with EU Commissioner

(IN BRIEF) Thirteen CEOs from leading European vehicle manufacturers and automotive suppliers convened with EU Commissioner for Climate Action, Wopke Hoekstra, for an ‘Automotive Roundtable’ to discuss the green transition of the sector. The dialogue, following a meeting with President … Read the full press release

EIB and Maib Forge €94 Million Deal to Boost Green Investments and MSMEs in Moldova

(IN BRIEF) At the EU-Moldova Private Sector Investment Conference in Chișinău, the European Investment Bank (EIB Global) sealed two agreements with Moldova’s leading bank, maib. The first involves a €50 million loan aimed at enhancing access to finance and promoting … Read the full press release

Estonia Contributes €10 Million to EU Fund for Ukraine’s Recovery Amidst Russian Aggression

(IN BRIEF) Estonia has pledged €10 million to the European Investment Bank’s (EIB) EU for Ukraine Fund, part of a broader initiative aimed at addressing Ukraine’s urgent needs and sustaining its economic stability. With support from multiple donors, including other … Read the full press release

European Investment Bank Boosts Polish Economy with €600 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has agreed to extend a €600 million loan to the Republic of Poland, aiming to bolster the country’s economy through investments in digital and social development. EIB Vice-President Teresa Czerwińska highlighted the strategic … Read the full press release

CEB Approves €1.3 Billion in Loans Across Europe for Social Sector Investments

(IN BRIEF) The Council of Europe Development Bank (CEB) has approved 11 new loans totaling €1.3 billion across various countries and sectors. These loans aim to address critical social issues such as microfinance, healthcare, education, and post-disaster reconstruction. Among the … Read the full press release

Wednesday Webinar: The Anatomy of Forgiveness

(IN BRIEF) Against the backdrop of escalating tensions in Israel and Gaza, The Jubilee Centre and Sallux announce an upcoming webinar titled “The Anatomy of Forgiveness” scheduled for March 27th, 2024. Led by Reverend Ian Stackhouse from the Guildford Baptist … Read the full press release

ZF Wind Power Boosts European Green Energy Drive with Serial Production Expansion

(IN BRIEF) ZF Wind Power is ramping up its production capabilities in response to the surging demand for wind energy in Europe. With 18.3 GW of new wind turbines installed in 2023 and projections indicating rapid growth, ZF is strategically … Read the full press release