(IN BRIEF) Grain LNG, Europe’s largest liquefied natural gas (LNG) terminal, has launched an auction for 375 GWh/d (approximately 9 million tonnes per annum) of existing capacity. Running from September 14 to November 23, 2023, this initiative, comprising three capacity … Read the full press release
(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Italy, Luxembourg, Management, News, Small Business
Tagged Deutsche Bank, EIB, EIF, Gelsomina Vigliotti, Italy, Mid-Caps, partnership, Roberto Parazzini, SMEs
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €4.6 million loan to the city of Balti in Moldova to support the enhancement of public transport and street lighting infrastructure. This investment, totaling €7 million, will … Read the full press release
Posted in Banks, Business, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Transportation & Logistics, United Kingdom
Tagged Bălți, Catarina Bjorlin Hansen, E5P, EBRD, EU, investment, MOLDOVA, Nicolai Grigorisin, partnership, public transport, street lighting, sustainability
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering Egypt’s agribusiness sector with a $20 million loan to Afia International, a prominent manufacturer of edible vegetable oils and ghee in the country. This financing will primarily support … Read the full press release
Posted in Agriculture, Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, United Kingdom
Tagged Afia International, agribusiness, EBRD, EGYPT, ghee, partnership, Savola Group, sustainability, vegetable oils
(IN BRIEF) Compagnie Financière Africaine (COFINA) in Côte d’Ivoire and Senegal, in collaboration with the European Investment Bank (EIB) and European Commission support, have signed a memorandum of understanding to promote the development of sustainable agricultural value chains. This agreement … Read the full press release
Posted in Agriculture, Banks, Business, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged agricultural, Alassane Dia, Ambroise Fayolle, Amed Sié Touré, COFINA, Cote d’Ivoire, EIB, Francesca Di Mauro, Jean-Marc Pisani, partnership, Senegal, sustainability
(IN BRIEF) The European Investment Bank (EIB) has signed a €12.8 million loan agreement with the Municipality of Burgas in Bulgaria to co-finance the construction of a specialized children’s hospital. This modern facility, equipped with zero-emission technologies, aims to provide … Read the full press release
Posted in Banks, Bulgaria, Business, Construction, Environment, Financial, Government, Healthcare, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Real Estate, Technology
Tagged 21st Century healthcare, Bulgaria, Burgas, Children's Hospital, Dimitar Nikolov, EIB, Lilyana Pavlova, partnership, sustainability
(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Italy, Luxembourg, Management, News, Small Business
Tagged Deutsche Bank, EIB, European Investment Fund (EIF), Gelsomina Vigliotti, Italy, Mid-Caps, partnership, Roberto Parazzini, SMEs
(IN BRIEF) Enefit Green and the European Investment Bank (EIB) have inked a €180 million financing deal to support the construction of Estonia’s Sopi-Tootsi onshore wind farm, boasting a 255-megawatt capacity with 38 wind turbines. This strategic collaboration will significantly … Read the full press release
Posted in Banks, Business, Construction, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, Enefit Green, Estonia, partnership, sustainability, Thomas Östros, Veiko Räim, wind farm
(IN BRIEF) TotalEnergies has initiated development studies for a major offshore oil project in Block 58, offshore Suriname. This follows the successful appraisal of the Sapakara South and Krabdagu oil discoveries, confirming a combined resource estimate of approximately 700 million … Read the full press release
(IN BRIEF) The Alpha Group, based in the UK, has announced its intention to acquire an 85% stake in Cobase, a fintech company nurtured by ING that provides a platform for corporates to manage their banking relationships, accounts, and transactions … Read the full press release
Posted in Banks, Business, Financial, Finland, Industrial, Investment, Management, Netherlands, News
Tagged acquisition, Alpha Group, Cobase, ING, ING Bank, Jorge Schafraad, partnership
(IN BRIEF) Zurich Resilience Solutions, a unit of Zurich Insurance Group, and KPMG Switzerland have formed a strategic collaboration to provide advisory services addressing both physical and transition risks associated with climate change. This offering, initially available in Switzerland, will … Read the full press release
(IN BRIEF) Zurich Insurance Group has announced the appointment of Dirk De Nil as the Global Head of Zurich Resilience Solutions, effective from October 1, 2023. De Nil, currently the CEO of Zurich Benelux and Nordics, will succeed Hanno Mijer, … Read the full press release
(IN BRIEF) Aviva has agreed to sell its 25.9% stake in Singapore Life Holdings, along with two debt instruments, to Sumitomo Life Insurance for a total of £0.8 billion in cash. Sumitomo Life, already a 23.2% shareholder in Singlife, views … Read the full press release
Posted in Business, Financial, Industrial, Insurance, Investment, Management, News, United Kingdom
Tagged acquisition, Amanda Blanc, Aviva, partnership, Singapore Life Holdings, Sumitomo Life
(IN BRIEF) Aviva has introduced the Sustainable Business Coach, a digital tool aimed at assisting brokers in understanding their businesses’ environmental and societal impact. Developed in collaboration with non-profit organization Future-Fit and digital coaching firm Life Moments, the tool guides … Read the full press release
Posted in Business, Environment, Financial, Industrial, Insurance, Investment, Management, News, Non Profit, United Kingdom
Tagged Aviva, brokers, Future-Fit, Life Moments, partnership, Ryan Birbeck, sustainability, Sustainable Business Coach
(IN BRIEF) Siemens AG and Siemens Healthineers have jointly pledged €1 million in immediate assistance to aid earthquake and flood victims in Morocco and Libya. The companies have also encouraged their employees to contribute to the relief efforts, with every … Read the full press release
Posted in Business, Financial, Germany, Healthcare, Industrial, Management, News, Non Profit, Society, Technology
Tagged donation, earthquake, flood victims, Libya, MOROCCO, Roland Busch, Siemens, Siemens Caring Hands, Siemens Healthineers
(IN BRIEF) Nicola Ranger, Leader of the Resilience and International Development Program at the Environmental Change Institute, and Sibylle Steimen, Managing Director of Advisory & Services at Allianz Re, advocate for increased attention to climate resilience and adaptation. They emphasize … Read the full press release
Posted in Business, Environment, Financial, Germany, Industrial, Insurance, Investment, Management, Marketing, News
Tagged adaptation, Allianz, climate change, climate resilience, insurance industry, Nicola Ranger, Sibylle Steimen
(IN BRIEF) The European Investment Bank (EIB) and Deutsche Bank are partnering to provide long-term loans to mid-sized companies with 250 to 3,000 employees to facilitate their transition to more sustainable business models. The EIB will offer guarantees covering up … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has signed a €15 million venture debt loan agreement with CrowdFarming, an online platform connecting European farmers directly with consumers. Supported by the InvestEU program, this financing will enable CrowdFarming to enhance its … Read the full press release
(IN BRIEF) EQT, a purpose-driven global investment organization, extends its congratulations to Francesco Starace, a Partner in the EQT Infrastructure Advisory Team, on his appointment as the Chair of the Science Based Target Initiative’s inaugural Board of Trustees. Francesco Starace … Read the full press release
Posted in Business, Financial, Industrial, Investment, Management, News, Sweden
Tagged appointment, Board of Trustees, Chair of SBTi, EQT, Francesco Starace, leadership, Lennart Blecher
(IN BRIEF) Vestas has been awarded a 243 MW contract to supply 54 V163-4.5 MW wind turbines for an undisclosed wind project owned by RWE Clean Energy, LLC, in the USA. The order encompasses turbine supply, delivery, and commissioning, along … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Laura Beane, partnership, RWE Clean Energy, sustainability, USA, Vestas, Wind Project
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