Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Joint Effort by BII, FMO, and UK Government to Boost Finance for Agribusinesses and Smallholder Farmers

(IN BRIEF) BII, FMO, and the UK Government’s Foreign Commonwealth & Development Office have partnered to expand the CASA technical assistance facility, aiming to address the significant financing gap faced by agribusinesses in developing countries, particularly in sub-Saharan Africa. With … Read the full press release

Kapsch TrafficCom Advances Gothenburg’s Congestion Charging Overhaul, Achieves Key Milestones

(IN BRIEF) Kapsch TrafficCom has successfully completed the first phase of the Gothenburg Congestion Charging project, one of the largest urban congestion charging systems globally. The project involves upgrading 50 tolling stations and 91 charging points across the city, with … Read the full press release

Hudong Zhonghua Receives DNV Certification for Cutting-Edge Energy Vessel Designs at SMM

(IN BRIEF) Hudong Zhonghua Shipbuilding Co., Ltd. was awarded three Approval in Principle (AiP) certificates and one General Approval for Ship Application (GASA) certificate by DNV at the SMM trade fair in Hamburg. These awards recognize Hudong Zhonghua’s innovative designs … Read the full press release

Huangpu Wenchong Shipbuilding Secures Approval for Innovative Green Ship Designs from DNV

(IN BRIEF) Huangpu Wenchong Shipbuilding Company (HPWS) received approval in principle (AiP) certificates from DNV at the SMM trade fair for three innovative ship designs focused on sustainability. The designs include an ammonia-fueled midsize gas carrier, an ammonia-fueled container ship, … Read the full press release

ORLEN Group Commences Low-Carbon Oil Production at Tyrving Field on Norwegian Continental Shelf

(IN BRIEF) ORLEN Group has started oil production at the Tyrving field on the Norwegian Continental Shelf, which has an estimated 25 million barrels of recoverable reserves. This new production site, added to ORLEN’s portfolio of 20 active fields in … Read the full press release

iTEC Alliance Advances Air Traffic Control with SkyNex Build Phase Launch

(IN BRIEF) The iTEC Alliance, consisting of eight major air navigation service providers across Europe and Canada, has launched the build phase of the iTEC SkyNex Air Traffic Control system. This new system aims to enhance efficiency, interoperability, and sustainability … Read the full press release

Eviden Joins Ford-Led Consortium to Revolutionize Electric Vehicle Manufacturing with Advanced Digital Monitoring

(IN BRIEF) Eviden, a digital and technology leader within the Atos Group, is participating in the European e-BEAT project, led by Ford, to optimize electric vehicle manufacturing. The project, supported by a consortium and partially funded by the CDTI, aims … Read the full press release

Scania Launches Fuel-Efficient 13-Litre Marine Engine, Pushing Sustainability in Maritime Industry

(IN BRIEF) Scania has introduced its most advanced marine engine, the 13-litre DI13, at the SMM maritime trade fair. This engine offers improved fuel efficiency, reducing CO2 emissions by up to 8% compared to previous models, and is designed for … Read the full press release

NIB Finances Pärnu’s Largest Infrastructure Project with EUR 15 Million Loan

(IN BRIEF) The Nordic Investment Bank (NIB) has provided a EUR 15 million loan to the City of Pärnu, Estonia, to fund key infrastructure projects, including the construction of a new city bridge, which will be the longest in the … Read the full press release

BBVA Secures U.K. Approval for TSB Takeover, Moving Closer to Banco Sabadell Acquisition

(IN BRIEF) BBVA has received approval from the U.K.’s Prudential Regulation Authority (PRA) to take indirect control of TSB Bank, a subsidiary of Banco Sabadell. This approval is a key step in BBVA’s plan to acquire Banco Sabadell, which will … Read the full press release

Eurojust Showcases Key Role in Enhancing Port Security at Rotterdam’s World Port Days 2024

(IN BRIEF) Eurojust will participate in the 47th annual World Port Days in Rotterdam from September 6-8, 2024. The event, which highlights the importance of European ports like Rotterdam, will feature Eurojust in the European Pavilion. This space, organized by … Read the full press release

Nefco’s EUR 3 Million Loan Fuels Resand Ltd’s Growth in Sustainable Sand Recycling Technology

(IN BRIEF) Resand Ltd, a Finnish company specializing in sand regeneration technology for foundries, has secured a EUR 3 million loan from Nefco, the Nordic Green Bank. This funding will help Resand expand its operations and meet the growing demand … Read the full press release

Burberry Unveils ‘Made in the UK’ Series, Celebrating British Craftsmanship and Sustainable Fashion

(IN BRIEF) Burberry has launched the ‘Made in the UK’ series, highlighting its commitment to British manufacturing with a focus on the Heritage Trench and Car Coats. Crafted in Castleford, West Yorkshire, these coats use sustainably sourced materials like organically … Read the full press release

NORMA Group Welcomes New Apprentices to Kickstart Careers at Maintal Headquarters

(IN BRIEF) NORMA Group has welcomed ten new apprentices to its Maintal headquarters, where they will undergo training in various fields such as tool mechanics, machine operation, warehouse logistics, industrial clerical work, and mechatronics. The company emphasizes the importance of … Read the full press release

Roos Groep and Leica Geosystems Unveil World’s First Electric Slipform Paver with Advanced Precision Control

(IN BRIEF) Roos Groep, in partnership with Leica Geosystems, has developed the world’s first fully electric slipform paver, enhanced with advanced 3D machine control technology. This innovation marks a significant step in sustainable construction, offering precise, fossil fuel-free paving solutions. … Read the full press release

GSK to Showcase Transformative Respiratory Research at ERS Congress 2024

(IN BRIEF) GSK will present significant research at the 2024 European Respiratory Society (ERS) Congress, including data from phase III trials of its new biologic, depemokimab, for severe asthma. The presentations highlight GSK’s commitment to advancing respiratory medicine, with a … Read the full press release

AstraZeneca to Present Key Cancer Research Breakthroughs at WCLC and ESMO 2024

(IN BRIEF) AstraZeneca will present significant cancer research at the 2024 World Conference on Lung Cancer (WCLC) and the European Society for Medical Oncology (ESMO) Congress. Highlights include new data on the effectiveness of Imfinzi in bladder cancer, a novel … Read the full press release

Ørsted Secures Key Contracts for World’s Largest Offshore Wind Projects in UK Energy Auction

(IN BRIEF) Ørsted has secured Contracts for Difference (CfDs) from the UK Department for Energy Security and Net Zero for significant portions of its Hornsea 3 and Hornsea 4 offshore wind farms. Hornsea 3, set to become the world’s largest … Read the full press release

UKRI Awards £32.4M to Breakthrough Interdisciplinary Research Projects

(IN BRIEF) UK Research and Innovation (UKRI) has announced the first 36 projects to receive funding under its new cross-research council responsive mode (CRCRM) pilot scheme, distributing £32.4 million. These interdisciplinary projects address a variety of global challenges, including cancer … Read the full press release

WHEB Asset Management Leads with Early Adoption of ‘Sustainability Impact’ Label Under FCA’s New SDR Rules

(IN BRIEF) WHEB Asset Management is set to adopt the ‘Sustainability Impact’ label for its FP WHEB Sustainability Fund, making it one of the first to do so under the UK’s new Sustainability Disclosure Requirements (SDR). The fund will be … Read the full press release

ZF Introduces Hybrid Transmission for Eco-Friendly Waterjet Vessels

(IN BRIEF) ZF has launched the ZF 3000 NRD PTI, a new hybrid transmission designed for waterjet vessels, offering low-emission and low-noise operation with power outputs up to 1,940 kW. The transmission, which includes an electric power take-in (PTI) unit, … Read the full press release

Hannover Finanz Acquires Saint-Gobain’s Automotive Plastics Division, Freeglass

(IN BRIEF) Hannover Finanz, through its division HF Opportunities GmbH, has acquired Freeglass GmbH & Co. KG, a manufacturer of automotive plastic components, from Saint-Gobain. Freeglass, based in Schwaikheim, Germany, generated nearly €20 million in sales in 2023. The acquisition … Read the full press release

Safran Strengthens AI Capabilities with Acquisition of Preligens

(IN BRIEF) Safran has acquired Preligens, an AI company specializing in defense and aerospace analytics, for €220 million. Preligens will be rebranded as Safran.AI and integrated into Safran Electronics & Defense. This acquisition strengthens Safran’s AI capabilities, particularly in surveillance … Read the full press release

Gasum and Hapag-Lloyd Partner to Advance Green Shipping with 20,000 Tons of Bio-LNG Supply

(IN BRIEF) Gasum has partnered with Hapag-Lloyd to supply 20,000 metric tons of waste-based bio-LNG over two years as part of the Zero Emission Maritime Buyers Alliance (ZEMBA) initiative. The bio-LNG, which significantly reduces greenhouse gas emissions, will be used … Read the full press release

New Debt Consolidation Solution from Experian and Paylink Aims to Expand Financial Access

(IN BRIEF) Experian has partnered with Paylink Solutions to launch a new debt consolidation tool, ReFi™, on the Experian Marketplace. This solution aims to make debt consolidation loans more accessible by directly paying off existing debts, which helps overcome affordability … Read the full press release

Škoda Auto’s Kvasiny and Vrchlabí Plants Mark Decades of Innovation and Sustainable Growth

(IN BRIEF) Škoda Auto is celebrating major anniversaries for its Kvasiny and Vrchlabí plants, marking 90 and 160 years of operation, respectively. The Vrchlabí plant, originally a carriage manufacturer, has evolved into a cutting-edge facility producing automatic transmissions, achieving carbon … Read the full press release

New 28,000 Sqm Logistics Hub to Be Developed in Tarragona by Logicor

(IN BRIEF) Logicor is set to develop a 28,000 sqm custom-built logistics warehouse in Tarragona for a major international company specializing in personalized promotional products. The facility, located in a strategic area near the AP-2 highway, will begin construction in … Read the full press release

Logicor Supports Blood Cancer Fight with Charity Run and €5,655 Donation in Düsseldorf

(IN BRIEF) Logicor’s German team participated in the B2Run charity event in Düsseldorf to support DKMS, a nonprofit fighting blood cancer. Thirteen team members ran a 5.8 km race, and the company donated €75 for each kilometer they completed, raising … Read the full press release

EIB’s Five-Year Milestone in Bosnia and Herzegovina: A Catalyst for Sustainable Development

(IN BRIEF) The European Investment Bank (EIB) is celebrating five years of successful operations in Bosnia and Herzegovina, during which it has provided over €900 million in financing for key infrastructure and development projects. These investments, focused on transportation, climate … Read the full press release

EIB Grants €50 Million to Upgrade Slovenia’s Electricity Grid, Boosting Renewable Energy and Grid Reliability

(IN BRIEF) The European Investment Bank (EIB) has provided a €50 million loan to Slovenia’s largest energy distribution company, Elektro Ljubljana, to expand and upgrade the electricity grid in the central and southeastern regions of the country. The project, which … Read the full press release

EIB Commemorates 20 Years of Slovenia’s EU Membership with Photo Exhibit Highlighting Key Development Projects

(IN BRIEF) The European Investment Bank (EIB) Group has launched a photo exhibition in Ljubljana to celebrate the 20th anniversary of Slovenia’s membership in the European Union. The exhibition, titled “Slovenia – 20 Years of Progress in the EU,” features … Read the full press release

Vodafone Powers Europe’s First 5G Network at Temelín Nuclear Plant, Paving the Way for Secure Infrastructure Digitalization

(IN BRIEF) Vodafone has deployed the first 5G mobile private network (MPN) at Temelín Nuclear Power Plant in Czechia, marking a significant milestone in Europe. This new 5G connectivity will enhance communication within the plant, replacing traditional walkie-talkies and enabling … Read the full press release

DNV Report Highlights Technological Innovations as Key to Maritime Sector’s Emission Reductions

(IN BRIEF) DNV’s latest “Maritime Forecast to 2050” report emphasizes the critical role of technological advancements, particularly in energy efficiency and digitalization, in achieving the International Maritime Organization’s (IMO) 2030 decarbonization goals. As carbon-neutral fuels remain scarce, the report stresses … Read the full press release

Thyssenkrupp Steel, E.ON, and König-Brauerei Launch Sustainable Energy Project, Slashing CO2 Emissions by 75%

(IN BRIEF) Thyssenkrupp Steel, E.ON, and König-Brauerei have launched an innovative project that repurposes waste heat from steel production to power the brewing processes at König-Brauerei. The initiative, which includes the construction of a steam transfer pipeline by E.ON, allows … Read the full press release

TotalEnergies Commits $100 Million to U.S. Sustainable Forestry and Carbon Sequestration Initiatives

(IN BRIEF) TotalEnergies has invested $100 million in a partnership with Anew Climate and Aurora Sustainable Lands to support sustainable forestry practices across 300,000 hectares in the U.S. The initiative aims to reduce timber harvesting, enhance carbon sequestration, and improve … Read the full press release

Newly Renovated TU/e Sports Center Opens, Unveiling Largest Student Facility in the Netherlands

(IN BRIEF) Eindhoven University of Technology has unveiled its expanded and renovated Student Sports Center, now the largest in the Netherlands. The center, which was opened by Olympic medalist Sander de Graaf, features a significant increase in space and new … Read the full press release

UK Launches £40 Million Initiative to Enhance Flood and Drought Predictions with Cutting-Edge Research

(IN BRIEF) The University of Bristol is part of a pioneering national initiative called the Floods & Droughts Research Infrastructure (FDRI) project, aimed at improving the UK’s ability to predict and manage extreme weather events like floods and droughts. Supported … Read the full press release

Telstra and Ericsson Unveil Groundbreaking 5G Technology to Revolutionize Mobile Connectivity

(IN BRIEF) Telstra and Ericsson have successfully launched the world’s first deployment of Ericsson’s 4th generation Radio Access Network (RAN) Compute platform, marking a significant advancement in mobile connectivity. This new technology, which enhances speed, reliability, and efficiency, is a … Read the full press release

MAN Truck & Bus Welcomes 500+ New Trainees with a Focus on E-Mobility and Automation

(IN BRIEF) MAN Truck & Bus has welcomed 511 new apprentices and 27 dual students for the 2024 training year across its German production sites in Munich, Nuremberg, Salzgitter, and its service operations. This intake brings the total number of … Read the full press release

Lund University Welcomes Acclaimed Transport Scholar for Collaborative Research Initiative

(IN BRIEF) Professor Johan Woxenius from the University of Gothenburg has been awarded the prestigious Håkan Frisinger Prize for Transportation Research by the Volvo Research and Educational Foundations (VREF). The award, which includes a guest research program at Lund University, … Read the full press release