Category Archives: European Union

Press Releases & News from European Union distributed via EuropaWire

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

Bristol Researcher Joins European Effort to Decode Heart Risks Post-Pregnancy

(IN BRIEF) Professor Abigail Fraser, leading a team from the University of Bristol, partners with researchers in the Netherlands to investigate the links between maternal vascular malperfusion (MVM) in placentas and future heart and circulatory diseases. Funded by the British … Read the full press release

Team Europe Delegation Commits €166 Million for Benin’s Development Agenda

(IN BRIEF) A high-level Team Europe delegation recently concluded an official visit to Benin, solidifying the country’s partnership with the European Union through the signing of finance contracts totaling €166 million. Led by senior leaders of European institutions and development … Read the full press release

ENTSO-E Optimistic as EU-Switzerland Electricity Agreement Talks Commence

(IN BRIEF) The European Network of Transmission System Operators for Electricity (ENTSO-E) expresses optimism as discussions between the European Union and Switzerland commence regarding an electricity agreement, emphasizing its critical importance for the secure and efficient operation of the European … Read the full press release

EBRD Funds Modern Wastewater Treatment Plant in Kazakhstan’s Aktobe

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is spearheading efforts to tackle water treatment and environmental challenges in Aktobe, Kazakhstan’s fourth-largest municipality, through the financing of a new wastewater treatment plant and associated infrastructure. With a sovereign … Read the full press release

European Union Celebrates Second Anniversary of Ukraine-Moldova Electricity Grid Synchronisation Amidst Ongoing Support

(IN BRIEF) Today marks the second anniversary of the synchronisation of Ukraine’s and Moldova’s electricity grids with the Continental European Network, a critical achievement in light of concerns over energy security following Russia’s invasion of Ukraine in 2022. Completed in … Read the full press release

EQT Life Sciences Portfolio Company Amolyt Pharma Acquired by Alexion, AstraZeneca Rare Diseases for $1.05 Billion

(IN BRIEF) EQT Life Sciences announces the acquisition of its portfolio company, Amolyt Pharma, by Alexion, AstraZeneca Rare Diseases, for a total deal value of $1.05 billion. This acquisition underscores Amolyt’s significant advancements in developing novel treatments for rare endocrine … Read the full press release

EU Bank’s Historic Investment in Mongolia to Combat Overgrazing and Promote Sustainable Development

(IN BRIEF) The European Investment Bank (EIB) has embarked on its largest-ever financing agreement for Mongolia, injecting €54.4 million into a groundbreaking initiative. This initiative aims to address the degradation of Mongolia’s grasslands by promoting sustainable urban development and supporting … Read the full press release

Eurojust Welcomes Iceland’s Inaugural Liaison Prosecutor, Strengthening Transnational Legal Partnerships

(IN BRIEF) Ms Kolbrún Benediktsdóttir has commenced her tenure as the first Liaison Prosecutor for Iceland at Eurojust, marking a significant step in legal cooperation between Iceland and the European Union. With her appointment, Iceland joins eleven other countries with … Read the full press release

Eurojust and eu-LISA Pave the Way for Enhanced Digital Judicial Cooperation in the EU

(IN BRIEF) Eurojust and eu-LISA are intensifying their collaboration to bolster the digitalization of judicial cooperation throughout the European Union, as emphasized during a visit by eu-LISA Executive Director Ms Agnès Diallo to The Hague. Discussions centered on fostering closer … Read the full press release

EBRD and EU-Funded Program Propel Alaska Hotel’s Sustainability Drive in Tsaghkadzor, Armenia, with Solar Investment

(IN BRIEF) Nestled in Tsaghkadzor, Armenia’s popular health resort, the Alaska Hotel is attracting visitors with its renowned Armenian hospitality and a commitment to sustainability. With support from the European Bank for Reconstruction and Development (EBRD) and the European Union … Read the full press release

European Investment Fund Fuels Blue Economy with €20 Million Aquaculture Investment

(IN BRIEF) The European Investment Fund (EIF) has announced a €20 million investment under the InvestEU program to support the Blue Revolution Fund, managed by Hatch Blue. This investment aims to boost early-stage aquaculture enterprises, address market deficiencies, and promote … Read the full press release

Cybersecurity across Europe in the last quarter: Post-Quantum Cryptography, 6G Network and Cloud Security

(IN BRIEF) In the last quarter (1 Dec 2023 – 1 Mar 2024), Europe’s cybersecurity scene was marked by significant strides, with Thales and Ericsson leading initiatives to enhance digital security. Thales’ TrustNest R-Cloud received European Restricted certification, bolstering secure … Read the full press release

Serbian Plastic Manufacturer Achieves 50-Year Milestone Amidst Growing Sustainability Efforts

(IN BRIEF) MNG Plastik Gogić, a family-owned plastic manufacturing company based in Indjija, Serbia, celebrates over 50 years of successful business operations. Specializing in plastic waste containers, bins, and stadium seats, the company exports to over 60 countries worldwide. With … Read the full press release

EU Funding Boosts Agfa’s Green Hydrogen Production Initiative

(IN BRIEF) Agfa, a sustainable technology provider, collaborates with VITO to develop advanced separator membranes for hydrogen production. They secure an 11 million Euro grant from the EU Innovation Fund for a membrane production plant. The collaboration aims to enhance … Read the full press release

EBRD Hosts Western Balkans Investment Summit, Spotlighting Regional Potential

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) convened the Western Balkans Investment Summit 2024 in London, welcoming the heads of government from Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia. The summit aimed to showcase … Read the full press release

The latest on quantum computing in Europe, January 2023 – February 2024

(IN BRIEF) Europe has made significant progress in quantum computing with investments, partnerships, and innovations. Highlights include a €3.5 million investment in LioniX International by the University of Twente, and T-Systems offering cloud access to IBM’s quantum systems. Other developments … Read the full press release

Sweco Joins EU4Sevan Initiative to Assess Lake Sevan’s Water Level Impact

(IN BRIEF) Sweco, a consultancy firm, is participating in a project under the EU4Sevan program to assess the potential impact of raising the water level of Lake Sevan by over 6 meters. Lake Sevan is vital for Armenia’s irrigation, freshwater … Read the full press release

EU Leaders Face Backlash for Industry Collaboration Amid Chemical Pollution Crisis

(IN BRIEF) A new report by Corporate Europe Observatory sheds light on a concerning collaboration between EU leaders and major chemical corporations, set to discuss a “European Industrial Deal” in Antwerp. Despite alarming levels of chemical exposure and biodiversity collapse, … Read the full press release

Moldova’s Diaspora Returns to Drive Reform: A Strategic Initiative for European Integration

(IN BRIEF) Moldova’s aspiration for EU membership is met with the recognition of significant challenges in key sectors like energy, trade, and banking. In response, the European Bank for Reconstruction and Development (EBRD) formulated the Reform Support Team (RST) program, … Read the full press release

European Power Grid’s Future: ENTSO-E Unveils Strategic Roadmap for Carbon Neutrality

(IN BRIEF) ENTSO-E, the European Network of Transmission System Operators for Electricity, has unveiled a new Strategic Roadmap aimed at preparing the European power system for carbon neutrality. The roadmap focuses on integrating carbon-neutral energy sources, deploying flexibility resources, and … Read the full press release

European Investment Bank Group Records Historic €2.91 Billion Financing for Swedish Projects in 2023

(IN BRIEF) In 2023, the European Investment Bank Group (EIB Group) provided a record-breaking €2.91 billion in financing for 32 projects in Sweden. The majority of funding (76.7%) was allocated to climate action and environmental sustainability initiatives, with notable support … Read the full press release

Italy’s Motorway Network Set for Green Transformation with EIB’s €1.2 Billion Investment

(IN BRIEF) The European Investment Bank (EIB) has allocated a €1.2 billion loan to Autostrade per l’Italia SpA (ASPI) for the modernization of approximately 3,000 kilometers of motorways in Italy. This investment, supported by the EIB’s Climate Bank Roadmap and … 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

EU-Funded Reconstruction Provides Housing for Displaced Ukrainians

(IN BRIEF) Under the “EU Support for Urgent Housing Needs for Internally Displaced Persons in Ukraine” initiative, a former boarding school dormitory in Kivertsi has been efficiently reconstructed to offer housing for displaced Ukrainians. With funding from the EU and … Read the full press release

Pressure Mounts: Call to Ban Amazon Lobbyists from European Parliament

(IN BRIEF) Trade unions and civil society organizations are rallying behind Members of European Parliament (MEPs) in their call to revoke Amazon lobbyists’ access to the European Parliament following the tech giant’s repeated refusal to engage with parliamentary committees regarding … Read the full press release

Gasum Partners with Wasaline to Manage EU Allowances Portfolio

(IN BRIEF) Gasum Portfolio Services has been chosen by shipping company Wasaline to manage its EU Allowances (EUA) portfolio, following the extension of the EU emissions trading system to include the maritime sector at the beginning of 2024. This partnership … Read the full press release

EU Private Sector Women Launch Network to Drive Climate Action

(IN BRIEF) In a proactive move towards advancing the green transition and fostering climate resilience, women leaders from the EU private sector have inaugurated the Women Climate Leaders Network, hosted by the European Investment Bank Group (EIB Group). With the … Read the full press release

EIB and Kutxabank Partner to Boost Green Investment in Spain with €300 Million Agreement

(IN BRIEF) The European Investment Bank (EIB) and Kutxabank have inked a landmark covered bond purchase agreement totaling €300 million, facilitating Kutxabank to unlock up to €600 million for financing green projects in Spain, particularly focusing on energy-efficient construction. This … Read the full press release

EIB Group Forum Highlights European Resilience and Investment Priorities

(IN BRIEF) The second edition of the EIB Group Forum in Luxembourg convened senior policymakers, business leaders, academics, and civil society representatives to discuss EU policy priorities and challenges amidst global instability. EIB President Nadia Calviño emphasized the role of … Read the full press release