Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Serbian SME Papir Print converts waste gases to energy and installs solar panels with EBRD and EU support

(IN BRIEF) Serbian company Papir Print has invested in a thermal oxidation plant that converts waste gases into heating and cooling energy, as well as a rooftop solar power plant, with the support of the EBRD and the EU. The … Read the full press release

InvestEU-Backed EIF Guarantees to Enable UniCredit Group to Provide Favorable Loans to 2,500 SMEs

(IN BRIEF) The European Investment Fund (EIF) has provided UniCredit Group with two guarantees worth €370 million to support investment by small and medium-sized businesses (SMEs) across seven EU countries. The transactions are backed by InvestEU, the European Union’s long-term … Read the full press release

Deutsche Bank to play key role in connecting China with international investors

(IN BRIEF) Deutsche Bank has been named a market maker for Northbound Swap Connect, a mutual access initiative between Hong Kong and China’s interest rate swap markets. The launch of Swap Connect will provide overseas investors with access to an … Read the full press release

Austrian microelectronics firm AT&S secures €250m funding from European Investment Bank

(IN BRIEF) The European Investment Bank (EIB) is providing a €250 million loan to Austria Technologie & Systemtechnik (AT&S), a microelectronics specialist. The loan will support AT&S’s research and development activities and the construction of a new research center in … Read the full press release

UBS Group AG Reveals Leadership Team and Operating Model Following Credit Suisse Acquisition

(IN BRIEF) UBS Group AG has announced its new operating model and leadership team after the planned acquisition of Credit Suisse AG. The legal close of the acquisition is expected to occur soon, after which Credit Suisse Group AG will … Read the full press release

Volkswagen, Skoda, SEAT/CUPRA, and Volkswagen Commercial Vehicles report positive Q1 performance

(IN BRIEF) Volkswagen Group’s volume brands, Volkswagen, Škoda, SEAT/CUPRA, and Volkswagen Commercial Vehicles, have published a quarterly report for the first time, showing their positive performance in the first quarter of 2023. The report reflects a doubling of operating profit … Read the full press release

EBRD provides funding for Turkish firm’s innovative poultry waste power plant

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has provided a loan of €25 million to Mav Elektrik, a Turkish energy company, to replace loans that funded the construction of the Arikcayiri biomass power plant. The plant is … Read the full press release

Digi Communications NV announces Investors Call for the Q1 2023 Financial Results presentation

(PRESS RELEASE) BUCHAREST, Romania, 8-May-2023 — /EuropaWire/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 15 May 2023 at 14:00 UK time/16:00 EEST (Romania local time) it will host a conference call to discuss the Q1 2023 … Read the full press release

BBVA Microfinance Foundation extends scholarship program to help 100 vulnerable youth in Colombia

(IN BRIEF) BBVA in Colombia and Bancamía, an entity of the BBVA Microfinance Foundation, have announced that the Transforming Realities Scholarship will support 100 vulnerable young people in Colombia to pursue university studies. The initiative benefits the children of Bancamía’s … Read the full press release

EIB supports Italy’s digital ambitions with €360m loan to TIM for 5G expansion

(IN BRIEF) The European Investment Bank (EIB) has provided a €360 million loan to TIM, an Italian telecommunications company, to support the expansion of 5G coverage across Italy by the end of 2025 using the 700 MHz bands. The loan, … Read the full press release

Škoda Auto provides 45 electric and hybrid vehicles for IIHF Ice Hockey World Championship

(IN BRIEF) Czech carmaker Škoda Auto has provided a fleet of 45 vehicles to the organisers of the 2023 IIHF Ice Hockey World Championship, as it has done since 1993. The vehicles, the majority of which are all-electric or plug-in … Read the full press release

EBRD’s Trade Facilitation Programme wins Best Deal of 2022 Award for Ukraine Agricultural Machinery Import

(IN BRIEF) The European Bank for Reconstruction and Development’s (EBRD) Trade Facilitation Programme (TFP) has been awarded the Best Deal of 2022 by Global Trade Review for its deal supporting the import of agricultural machinery in Ukraine. The EBRD rolled … Read the full press release

AAK Group reports strong start to 2023 with increased operating profit and cash flow

(IN BRIEF) Swedish food ingredients company AAK Group has reported a 43% rise in Q1 operating profit compared to the same period last year, driven by solid performance in its food ingredients and chocolate and confectionery fats business areas. Despite … Read the full press release

Henkel’s Q1 Sales Rise Thanks to Strong Organic Growth and Double-Digit Pricing

Henkel: Company is currently not capable to predict with sufficient reliability the impact COVID-19 will have on its business performance in 2020

(IN BRIEF) Henkel, the German consumer goods and adhesives manufacturer, announced a strong start to the year with group sales of approximately €5.6 billion in the first quarter of 2023. The company achieved a very strong organic sales growth of … Read the full press release

Barclays to join LSEG and Microsoft Design Partner Programme for enhanced customer solutions

(IN BRIEF) LSEG and Barclays have entered into a new multi-year strategic partnership to enhance delivery for customers and clients and prepare for the next generation in financial services. The agreement includes a wide range of capabilities to support Barclays … Read the full press release

Kyrgyz farmer adopts innovative biogas technology with support from EBRD and EU

(IN BRIEF) Melis Aitpaev from Eshperov village in the Kyrgyz Republic has installed a biogas plant on his farm to manage manure and increase his harvest. The EBRD provided support through its Advice for Small Businesses programme and paired Melis … Read the full press release

Civil society groups and EIB leadership discuss high-impact investments for sustainable development goals

(IN BRIEF) The European Investment Bank held a meeting at its headquarters in Luxembourg with representatives of civil society groups to discuss how the bank can respond better to global challenges including climate change, environmental degradation, poverty, and conflicts. The … Read the full press release

European Investment Fund supports Romanian micro farmers with €9.1m loan

(IN BRIEF) The European Investment Fund (EIF) has signed a loan agreement worth €9.1 million with Agricover Credit, a specialised financial services provider for farmers in Romania. The loan, backed by the EU Programme for Employment and Social Innovation (EaSI), … Read the full press release

BBVA and EIF Commit €200 Million to Help Spanish Startups Embrace Sustainability and Digitalisation

(IN BRIEF) The European Investment Fund (EIF) and BBVA have signed an agreement under the InvestEU guarantee program to provide a €200 million guarantee to help BBVA’s specialised startup initiative, BBVA Spark, support startups with innovative and sustainable value propositions. … Read the full press release

Credit Agricole’s CA-GIP appoints Olivier Biton as CEO

(IN BRIEF) Crédit Agricole Group Infrastructure Platform (CA-GIP) has named Olivier Biton as its new CEO, effective from May 1, 2023. Biton, a member of the Management Committee of Crédit Agricole S.A., will replace Emmanuel Sardet who is appointed Deputy … Read the full press release