(IN BRIEF) Carrefour has finalized the acquisition of the Cora and Match banners from the Louis Delhaize group for €1.05 billion, enhancing its foothold in the French food distribution market. The acquisition includes 60 Cora hypermarkets and 115 Match supermarkets, … Read the full press release
(IN BRIEF) Stella International Holdings Limited has partnered with Wolters Kluwer to implement the CCH Tagetik Corporate Performance Management (CPM) software, aiming to digitally transform its finance operations. This strategic move replaces manual financial processes with automated budgeting, forecasting, and … Read the full press release
(IN BRIEF) SWU Verkehr, serving Ulm and Neu-Ulm, has introduced the first two out of 14 Mercedes-Benz eCitaro G buses, marking a significant step towards sustainable urban mobility. These electric articulated buses, equipped with advanced NMC3 batteries for enhanced energy … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Investment, Management, News, Technology, Transportation & Logistics
Tagged Daimler Buses, eCitaro G Buses, Johannes Stingl, Klaus Eder, Martin Ansbacher, Mercedes-Benz, Neu-Ulm, partnership, Ralf Gummersbach, sustainability, SWU Verkehr, Till Oberwörder, Ulm
(IN BRIEF) CompuGroup Medical (CGM) has achieved C5 attestation (Type 1) for its cloud services in Germany, complying with the rigorous standards set by the German Federal Office for Information Security (BSI). Effective from May 31, 2024, an independent auditing … Read the full press release
Posted in Business, Financial, Germany, Healthcare, Industrial, Investment, Management, News, Security & Safety, Technology
Tagged C5 Attestation, Cloud services, CompuGroup Medical (CGM), Germany, Michael Rauch
(IN BRIEF) Neste celebrates a pivotal regulatory milestone as the French government approves the sale of 100% renewable transport fuels, including Neste’s renewable diesel, at all public fuel stations across France. This decision expands access beyond logistics companies to private … Read the full press release
(IN BRIEF) MWB AG, a German company specializing in luxury watch trading across the DACH region, celebrated a significant achievement today as it commenced trading on the Vienna Stock Exchange’s direct market plus segment. With NuWays AG acting as underwriter … Read the full press release
Posted in Austria, Banks, Business, Economy, Financial, Germany, Government, Industrial, International Trade, Investment, Management, News, Small Business
Tagged Germany, Leon Schelske, MWB AG, NuWays AG, partnership, SMEs, Vienna Stock Exchange Listing, Wiener Börse AG
(IN BRIEF) Scatec ASA, in collaboration with ECHEM and MOPCO, has finalized a Heads of Terms agreement with Yara Clean Ammonia to secure the offtake of renewable ammonia produced in Egypt. The project involves developing up to 480 MW of … Read the full press release
Posted in Banks, Business, Chemicals, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Norway
Tagged ammonia, EGYPT, Egyptian Petrochemicals Holding Company (ECHEM), EIB, Eng. Ahmed Mahmoud El-Sayed, Eng. Ibrahim Mekki, Gelsomina Vigliotti, H.E. Tarek El Molla, Hans Olav Raen, Misr Fertilizers Production Company (MOPCO), partnership, Scatec ASA, sustainability, Terje Pilskog, Yara, Yara Clean Ammonia
(IN BRIEF) DNV has been chosen by the Iberdrola Group to conduct power curve verification using advanced nacelle lidar technology at the Bay of St. Brieuc offshore wind farm in Brittany. This project, featuring 62 turbines with a capacity of … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, France, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Spain, Technology
Tagged Bay of St. Brieuc Offshore Wind Farm, DNV, France, Iberdola, Jérôme Dumont, LiDAR Technology, partnership, Santiago Blanco, Spain, sustainability
(IN BRIEF) The European Investment Bank (EIB) has pledged support for a new $350 million regional private sector investment fund managed by SPE Capital, focusing on Egypt, Tunisia, and Morocco. Aimed at fostering growth in key sectors like healthcare and … Read the full press release
Posted in Banks, Business, Economy, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business
Tagged EGYPT, EIB, Gelsomina Vigliotti, H.E. Dr. Rania A. Al-Mashat, Nabil Triki, North Africa, partnership, SMEs, SPE Capital, sustainability
(IN BRIEF) The European Investment Bank (EIB) has allocated a €300 million loan to voestalpine AG, Europe’s third-largest steelmaker, to support a four-year research and development initiative aimed at enhancing sustainability and reducing carbon emissions. Key focuses include optimizing manufacturing … Read the full press release
Posted in Austria, Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Metals and Minerals, News
Tagged Austria, EIB, Gerald Mayer, green steel, partnership, sustainability, Thomas Östros, voestalpine
(IN BRIEF) The European Investment Bank (EIB) and Banca Etica have signed a €60 million agreement to stimulate €165 million in investments across Italy. The initiative aims to support women-led SMEs, improve services for refugees, and boost economic development in … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Investment, Italy, Luxembourg, Management, News, Small Business
Tagged Anna Fasano, Banca Etica, economy, EIB, Gelsomina Vigliotti, investments, Italy, partnership, SMEs, sustainability
(IN BRIEF) Andreea Moraru has been appointed as the new Regional Director for Poland and the Baltic States at the EBRD, starting September 1st. Currently serving as Regional Director for Greece and Cyprus, Moraru brings extensive experience from her tenure … Read the full press release
Posted in Banks, Business, Financial, Industrial, Investment, Management, News, Poland, United Kingdom
Tagged Andreea Moraru, appointment, Baltic States, EBRD, leadership, Matteo Patrone, Poland, Regional Director
(IN BRIEF) The latest NPL Monitor report by the EBRD reveals that non-performing loans (NPLs) in the CESEE region remained stable despite economic uncertainties. While NPL volumes increased marginally, the overall NPL ratio held steady at 2.1%, indicating resilience in … Read the full press release
Posted in Banks, Business, Economy, European Union, Financial, Government, Industrial, Investment, Management, News, Small Business, United Kingdom
Tagged CESEE, EBRD, economic, EU, non-performing loans, SMEs
(IN BRIEF) TotalEnergies has acquired Finnish company Tecoil, a leader in producing Re-Refined Base Oils (RRBOs) through an efficient used oil regeneration process. Tecoil operates a 50,000-ton RRBO facility in Finland and has developed a circular economy network for collecting … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, France, Industrial, Investment
Tagged acquisition, automotive market, car manufacturers, carbon footprint, circular economy, environmentally friendly products, Finland, Hamina, industrial market, INNOVATION, Juha Kokko, June 2024, lubricant production, lubricants, marine market, oil regeneration, Pierre Duhot, premium regenerated base oils, Quartz EV3R, Re-Refined Base Oils, re-refining process, RRBOs, Rubia EV3R, sustainability, Tecoil, TotalEnergies, used lubricants, virgin base oils
(IN BRIEF) AI is crucial in scaling up the renewable energy industry, with Lightsource bp leveraging AI to address challenges like grid stability and asset protection. AI supports accurate forecasting, risk mitigation from extreme weather, and optimized site design. Lightsource … Read the full press release
(IN BRIEF) Rheinmetall and SLR Giesserei are collaborating on a district heating system at the KS Gleitlager site in St. Leon-Rot, expected to save up to 800 tonnes of CO2 annually. The system will utilize waste heat from the foundry, … Read the full press release
(IN BRIEF) MAN Truck & Bus is recalling certain trucks and buses with Euro 6c engines (D2676LF51-53 and D2676LOH35-37) for inspection due to potential engine damage and fire risks. The recall affects vehicles manufactured between November 2016 and August 2019. … Read the full press release
Posted in Business, Financial, Germany, Industrial, Investment, Management, News, Security & Safety, Transportation & Logistics
Tagged Euro 6c Engines, Fire Risk, MAN Truck & Bus, Recall, safety
(IN BRIEF) The University of Liverpool and Liverpool University Hospitals NHS Foundation Trust (LUHFT) launched the Dr Ronald Finn Fellowships on June 24, 2024. The initiative honors the late Dr. Ronald Finn and introduces five fellows who will undertake significant … Read the full press release
Posted in Business, Education, Financial, Healthcare, Industrial, Investment, Management, Media, News, Science, Technology, United Kingdom
Tagged Andrew Davison, clinical research, Dr Ronald Finn Fellowships, Dr. Ronald Finn, Hassan Burhan, leadership, Liverpool University Hospitals NHS Foundation Trust (LUHFT), Ned Gilbert-Kawai, partnership, Professor Terry Jones, Professor Tom Walley, Rishi Mukherjee, Sir Cyril Clarke, University of Liverpool, Yamini Krishna
(IN BRIEF) Vestas has secured a 105 MW order from LEAG for the Forst-Briesnig II wind energy project in Germany’s Lausitz region. The project, set on a former brown coal mining area, will include 17 V162-6.2 MW wind turbines. Vestas … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged Dominique Guillou, EP Corporate Group, Forst-Briesnig II Project, Germany, Jens Kück, LEAG, partnership, sustainability, Thorsten Kramer, Tomáš David, Vestas, wind turbine
(IN BRIEF) Vestas has secured an 81 MW contract from Invenergy for the Pencloe wind energy project in Dumfries and Galloway, Scotland. The project involves the supply, delivery, installation, and commissioning of 18 V136-4.5 MW wind turbines. Vestas will also … Read the full press release
Posted in Business, Denmark, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, United Kingdom
Tagged Invenergy, James Ian Robinson, partnership, Pencloe Project, Scotland, Stuart Winter, sustainability, Vestas, Wind Turbine Deal
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