(IN BRIEF) Terna, an Italian company specializing in electricity transmission, is investing more than €19 million in a project to create a new underground cable and overhead power lines in the province of Frosinone. The project, authorized by the Italian … Read the full press release
(IN BRIEF) Bentley, as part of its new Advancing Life Chances (ALC) strategy, has launched a community investment programme to support charities and good causes across the UK. Through the Small Grants Programme, Bentley has already donated over 150 grants … Read the full press release
Posted in Automotive, Business, Financial, Management, News, Non Profit, United Kingdom
Tagged Advancing Life Chances, Bentley, investments, Sally Hepton, UK Charities
(IN BRIEF) Aviva, the leading home insurer in the UK, has entered into an agreement with Barclays UK to acquire its home insurance portfolio, which consists of 350,000 customers. The acquisition will support Aviva’s growth in the retail insurance business … Read the full press release
Posted in Banks, Business, Financial, Insurance, Investment, Management, News, Retail, United Kingdom
Tagged acquisition, Aviva, Barclays Home Insurance, Owen Morris, partnership, Retail Insurance Business
(IN BRIEF) BAE Systems’ Combat Mission Systems (CMS) business released its 2022 Economic Impact Report, revealing a $1.9 billion contribution to the U.S. economy through its ground vehicle and weapon systems network. The company’s 12 sites and partnerships with over … Read the full press release
Posted in Business, Defence, Economy, Financial, Industrial, Management, News, United Kingdom
Tagged Andy Corea, BAE Systems, Ground Vehicle, U.S. Economy, Weapon Systems
(IN BRIEF) Allianz Global Corporate & Specialty (AGCS) and the commercial insurance businesses of local Allianz entities will now trade under the name “Allianz Commercial” as a single go-to-market business. This new global model offers insurance solutions for mid-sized businesses, … Read the full press release
Posted in Business, Financial, Germany, Insurance, Management, News, Small Business
Tagged Allianz, Allianz Commercial, Chris Townsend, Joachim Mueller, partnership, SMEs
(IN BRIEF) The Joint Initiative on Circular Economy (JICE), led by the European Union’s largest public promotional banks and institutions, has decided to extend its efforts beyond the original time frame of 2023. Launched in 2019, JICE aims to provide … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Investment, Luxembourg, Management, News, United Kingdom
Tagged Beata Daszyńska-Muzyczka, Dario Scannapieco, Dr. Werner Hoyer, Eric Lombard, Joint Initiative on Circular Economy (JICE), José Carlos García de Quevedo, partnership, Stefan Wintels, sustainability, Sustainable Projects EIB
(IN BRIEF) The European Investment Bank (EIB) and Cellnex have signed a €315 million finance contract to support the development of mobile telecoms infrastructure for 5G rollout in Spain, Portugal, France, Italy, and Poland. The loan will unlock a total … Read the full press release
(IN BRIEF) Aviva has successfully obtained a £120 million full scheme buy-in for the NTL 1999 Pension Scheme. This agreement allows Aviva to assume the defined benefit liabilities of approximately 650 members, mitigating the investment and longevity risks associated with … Read the full press release
(IN BRIEF) Versalis, Eni’s chemical company, has released its 2022 Sustainability Report, highlighting its efforts to contribute to sustainable and circular models in alignment with Eni’s strategy. The report outlines Versalis’ targets for achieving carbon neutrality by 2050 and emphasizes … Read the full press release
Posted in Business, Chemicals, Economy, Environment, Financial, Industrial, Italy, Management, News
Tagged 2022 Sustainability Report, Adriano Alfani, carbon neutrality, decarbonisation, eni.com, Versalis
(IN BRIEF) The European Investment Bank (EIB) and Bulgarian Development Bank (BDB) have signed a €175 million loan agreement to improve access to finance for small and medium-sized enterprises (SMEs) and mid-caps in Bulgaria. The loan aims to support companies … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Small Business, Technology, United Kingdom
Tagged Assen Vassilev, Bulgaria, Bulgarian Development Bank, digitalization, economy, European Investment Bank, financing, Iliya Karanikolov, INNOVATION, Lilyana Pavlova, Marjut Falkstedt, Milena Stoycheva, Paolo Gentiloni, partnership, SME, sustainability
(IN BRIEF) In 2022, the European Investment Bank (EIB) focused on promoting equitable growth and convergence of living standards by providing €28.4 billion in new financing for projects in EU cohesion regions. Poland was the largest beneficiary, receiving €24.8 billion, … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) and the Republic of Lithuania have signed a €300 million financing agreement aimed at supporting long-term competitiveness, job creation, and the green and digital transitions in Lithuania. This loan is the first installment … Read the full press release
(IN BRIEF) Electrolux Group has announced its plans to divest Zanussi and other non-core brands, including production facilities in Egypt and water heater production facilities in Egypt and South Africa. The potential divestment value of these assets is estimated to … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, News, Sweden
Tagged divestment, Electrolux Group, Jonas Samuelson, Zanussi
(IN BRIEF) Electrolux Group’s second-quarter report reveals a decline in net sales due to weak market demand and consumer shifts to lower price points, resulting in significantly lower volumes. Operating income was impacted by a non-recurring provision related to a … Read the full press release
Posted in Business, Electronics & Machinery, Financial, Industrial, Investment, Management, Media, News, Sweden
Tagged Anna Ohlsson-Leijon, Asset Divestment, Electrolux Group, Financial, Jonas Samuelson, sales, Therese Friberg
(IN BRIEF) Cargotec Corporation has announced its decision to initiate a share repurchase program. The Board of Directors will exercise the authorization granted by the Annual General Meeting on March 23, 2023. Cargotec plans to repurchase 400,000 class B shares, … Read the full press release
Posted in Business, Financial, Finland, Investment, Management, Media, News, Transportation & Logistics
Tagged Board of Directors, Cargotec, Incentive Programs, share repurchase program
(IN BRIEF) Cargotec Corporation has announced its half-year financial report for January-June 2023, revealing record-high profitability. The company experienced a strong rebound in orders received, reaching pre-COVID levels. Sales increased by 25%, and a record-high comparable operating profit margin of … Read the full press release
(IN BRIEF) Outokumpu, a company, will release its half-year report for January-June 2023 on August 3, 2023. The report will be available at approximately 9.00 am EEST. Later in the day, at 3.00 pm EEST, a live webcast and conference … Read the full press release
Posted in Business, Financial, Finland, Industrial, Management, Media, Metals and Minerals, News
Tagged Half-Year 2023 Report, Heikki Malinen, Outokumpu, Pia Aaltonen-Forsell
(IN BRIEF) Garanti BBVA has partnered with Enterprise Türkiye to promote electric mobility and car rentals in Türkiye. As part of this collaboration, Garanti BBVA is offering an ecommerce loan, known as a Buy Now Pay Later (BNPL) loan, to … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has signed a €50 million loan, guaranteed by the European Fund for Strategic Investments (EFSI), to co-finance Brainlab AG’s R&D program in 2023 and 2024. Brainlab, a Munich-based company, develops and distributes hardware … Read the full press release
Posted in Banks, Business, Education, Financial, Healthcare, Industrial, Investment, Management, News, Science, Technology, United Kingdom
Tagged Ambroise Fayolle, Brainlab, European Investment Bank, INNOVATION, Juncker Plan, loan, medical procedures, Medical Technologies, R&D Program, Stefan Vilsmeier
(IN BRIEF) Luxembourg has pledged an additional €4.8 million to the EIB Global’s Financial Inclusion Fund, bringing the fund’s total size to €11.5 million. The fund supports financial service providers that focus on vulnerable groups in African, Caribbean, and Pacific … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged EIB, finance, Financial Inclusion Fund, Franz Fayot, Kris Peeters, Luxembourg, microentrepreneurs, microfinance, SMEs, Werner Hoyer, Yuriko Backes
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