Category Archives: European Union

Press Releases & News from European Union distributed via EuropaWire

EIF Backs Quantonation II with €30 Million to Fuel European Quantum and Deep-Physics Startups

(IN BRIEF) The EIF has invested €30 million in Quantonation II, a France-based VC fund focused on quantum technologies and deep physics, to address early-stage financing shortages and strengthen Europe’s technological sovereignty. Quantonation II plans to build a global portfolio … Read the full press release

TUM Unveils First Medical Robot for Remote Chest Decompression on Evacuation Flights

(IN BRIEF) At Automatica 2025, TUM researchers present a first-of-its-kind medical robot able to perform remote decompression of life-threatening tension pneumothorax during evacuation flights. Fueled by the European Defence Fund’s €25 million iMEDCAP grant, the system merges ultrasound diagnostics with … Read the full press release

New Butimba Plant Delivers Safe Water to 450,000 in Mwanza under €150 Million LVWATSAN Programme

(IN BRIEF) The LVWATSAN project in Northern Tanzania, financed by AFD (€75 million), EIB Global (€45 million plus €4 million technical assistance), the EU-Africa Infrastructure Trust Fund (€9.9 million), and the Tanzanian government (€16 million), has inaugurated the Butimba Water … Read the full press release

EU Shareholders Greenlight Record €100 Billion EIB Financing Ceiling to Power Defence, Energy, and Tech

(IN BRIEF) EU Finance Ministers, acting as shareholders of the EIB Group, have endorsed a record €100 billion 2025 financing ceiling, boosting defence lending to 3.5 percent of the total and dedicating over €11 billion to grid and storage investments. … Read the full press release

EIF and EIB mobilise €370 million via securitisation with Santander to support women entrepreneurs and sustainable farming

(IN BRIEF) The EIB Group and Santander have structured a €250 million securitisation—comprising a €200 million EIF guarantee with ING and a €50 million EIB investment—to support Spanish SMEs, mid-caps, agricultural enterprises and women entrepreneurs. This transaction is expected to … Read the full press release

EIB commits additional €500 million to Greek urban sustainability projects

(IN BRIEF) The EIB and Greece’s CDLF have signed a €500 million loan under the Antonis Tritsis urban investment programme, bringing the EIB’s total commitment to €1 billion. The funds will support hundreds of local authority projects—ranging from water and … Read the full press release

Artec 3D Secures €15 Million EIB Venture Debt to Advance AI-Powered Scanning R&D in Luxembourg and Portugal

(IN BRIEF) Artec 3D, a Luxembourg-based developer of portable 3D scanners and software, has secured a €15 million venture debt facility from the European Investment Bank under the InvestEU initiative. The partnership, formalised at the Luxembourg Nexus technology expo, represents … Read the full press release

ESC Leads Key Work Packages in €27 M EuroHeartPath Project to Redesign Cardiovascular Care Across 15 EU States

(IN BRIEF) From its leadership of key work packages to its rich data resources—the ESC Atlas of Cardiology and GRASP study—the European Society of Cardiology is driving EuroHeartPath’s mission to transform heart-disease care in Europe. This €27 million Horizon Europe … Read the full press release

EIF Backs €100 Million Orbit Growth Debt II Fund for Non-Dilutive Tech Financing in Czechia, Poland and Slovakia

(IN BRIEF) The EIF is investing up to €20 million in Orbit Growth Debt II, a new €100 million private credit fund managed by Orbit Capital, focused on non-dilutive senior debt financing for growth-stage tech and tech-enabled SMEs and small … Read the full press release

GKN Aerospace Ships First Megawatt-Class EWIS Harnesses for EU-Supported SWITCH Hybrid-Electric Aircraft Project

(IN BRIEF) GKN Aerospace has delivered the first high-voltage EWIS harnesses for the EU-funded SWITCH hybrid-electric aircraft project. Produced at GKN’s Papendrecht, Netherlands facility, these megawatt-class AC wiring systems will undergo integration testing at Collins Aerospace’s Solihull, UK center before … Read the full press release

Delivery Hero and Allied for Startups Team Up to Drive EU Scale-Up Policy Reform

(IN BRIEF) Delivery Hero has joined forces with Allied for Startups to promote policies that bolster Europe’s tech scale-ups. Drawing on Delivery Hero’s track record as a leading “founder factory,” the collaboration will pinpoint regulatory and funding challenges, channel entrepreneurial … Read the full press release

Bay of Biscay Subsea Link to Double Power Exchange Between Spain and France with €1.6 Billion EIB Backing

(IN BRIEF) The Bay of Biscay electricity interconnection will link Spain and France via a 400 km high-voltage DC submarine cable, boosting capacity from 2,800 to 5,000 MW and integrating the Iberian Peninsula into Europe’s power grid. Jointly implemented by … Read the full press release

EIB Commits €235 Million to Modernize Uusimaa Hospitals and Build Sustainable Schools in Vantaa

(IN BRIEF) The EIB is extending €235 million in loans to enhance public services in Finland’s Uusimaa region: €135 million for upgrading three major hospitals under Helsinki University Hospital’s broader €300 million program, and €100 million for building and refurbishing … Read the full press release

EBRD and ProCredit Bank Bulgaria Sign €14 Million InvestEU Deal to Expand Green Loans in Bulgaria and Greece

(IN BRIEF) The EBRD has signed a €14 million portfolio guarantee agreement with ProCredit Bank Bulgaria under the EU’s InvestEU programme, enabling the bank to offer more green loans to businesses in Bulgaria and Greece. This risk-sharing facility will support … Read the full press release

EIF and EIFO Sign First Deal Under EU’s Ukraine Export Credit Facility to Boost EU-Ukraine Trade

(IN BRIEF) The EIF and EIFO have signed the first deal under the EU’s Ukraine export credit guarantee facility, which supports European businesses exporting to Ukraine. The facility, offering up to €20 million in guarantees, aims to enhance trade between … Read the full press release

IRIS2 Satellite Constellation to Enhance Europe’s Connectivity and Technological Sovereignty with Deutsche Telekom’s Support

(IN BRIEF) The European Union’s IRIS2 satellite constellation project aims to build a powerful and secure communication network to strengthen Europe’s technological sovereignty. Deutsche Telekom will contribute its expertise in connectivity and IT infrastructure, designing advanced services, secure networks, and … Read the full press release

Digital integrity at risk: EU Initiative to strengthen the Right to be forgotten gains momentum

(IN BRIEF) Robert Szustkowski, a philanthropist and key advocate for digital rights, is spearheading a European initiative to expand the Right to Be Forgotten, as outlined in the GDPR, to include media organizations as data controllers. This initiative is designed … Read the full press release

Valio Partners in PRIMARY Project to Explore Grass Biorefineries and Sustainable Solutions for the Agricultural Sector

(IN BRIEF) Valio is a key partner in the EU-funded PRIMARY project, which aims to transform agricultural by-products into valuable resources. As part of the project, Valio is exploring grass biorefinery innovations, including using grass juice to fortify feed protein … Read the full press release

SGS Gains OSHA Approval to Add Five New NRTL Locations in Europe and Asia, Expanding Product Certification Services

(IN BRIEF) SGS has received approval from OSHA to expand its global network of Nationally Recognized Testing Laboratories (NRTLs) to new locations in Europe and Asia. Starting January 22, 2025, SGS will provide testing and certification for U.S. market products … Read the full press release

European Investment Bank Joins the Launch of the United Nations Ocean Investment Protocol to Drive Sustainable Ocean Economy

(IN BRIEF) The European Investment Bank (EIB) has expressed its full support for the launch of the United Nations Ocean Investment Protocol, a crucial framework aimed at aligning financial flows and business practices with a sustainable ocean economy. The Protocol, … Read the full press release