(IN BRIEF) The European Investment Bank (EIB) has inked a €200 million loan agreement with Interbiak, a public entity under the Department for Infrastructure and Territorial Development of the Provincial Council of Bizkaia. This financing will facilitate the construction of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Spain, Transportation & Logistics
Tagged Bilbao, EIB, Gilles Badot, Imanol Pradales, Interbiak, Nervión River Tunnel Project, partnership, sustainability
(IN BRIEF) In a significant development for Africa’s pharmaceutical sector, the African Pharmaceutical Technology Foundation and the Rwandan Government have signed a host country agreement, paving the way for the Foundation’s operationalization. The Foundation has also forged a memorandum of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Government, Healthcare, Industrial, Investment, Luxembourg, Management, News, Pharma & Biotech, Technology
Tagged Africa, African Development Bank, African Pharmaceutical Industry, African Pharmaceutical Technology Foundation, Dr Akinwumi Adesina, Dr Bärbel Kofler, Dr Ngozi Okonjo-Iweala, Dr Tedros Adhanom Ghebreyesus, Dr Vincent Biruta, EIB, Gelsomina Vigliotti, partnership, Professor Padmashree Gehl Sampath, sustainability
(IN BRIEF) The European Investment Bank (EIB) is providing a loan of PLN 1.5 billion to Jerónimo Martins Polska, the owner of the Biedronka retail store chain in Poland, to facilitate energy efficiency investments within its store network. This financial … Read the full press release
(IN BRIEF) The European Investment Bank (EIB) has granted a significant €175 million loan to Northern Fiber Holding Group (NFH) to support the expansion of its fiber optic network in northern Germany. This funding, in addition to the €240 million … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News, Technology
Tagged Ambroise Fayolle, Andrew Morris, EIB, fiber-optic network, Franz von Abendroth, Northern Fiber Holding Group, Northern Germany, partnership, Richard Krause, sustainability
(IN BRIEF) A recent study, titled “The impact of the EIB’s intermediated lending to businesses in the Western Balkans,” assesses the effect of the European Investment Bank’s (EIB) intermediated lending on small and medium-sized enterprises (SMEs) in Bosnia and Herzegovina, … Read the full press release
Posted in Banks, Bosnia and Herzegovina, Business, Economy, Environment, Financial, Government, Industrial, Investment, Luxembourg, Management, Montenegro, News, Serbia, Small Business
Tagged Bosnia, Debora Revoltella, EIB, Herzegovina, investment, Kyriacos Kakouris, Montenegro, NORTH MACEDONIA, partnership, SERBIA, SMEs, sustainability
(IN BRIEF) Industrie De Nora, an Italian multinational specializing in electrochemistry and sustainable technologies, has been honored with the “Top Investor in China Award” at the China Awards 2023 event in Milan. The award recognizes De Nora’s significant investments and … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Financial, Government, Industrial, Investment, Italy, Management, Media, News
Tagged 'Top Investor in China Award', Chinese market, Industrie De Nora, investment, Luca Buonerba, wards
(IN BRIEF) Outokumpu has completed the repurchase of its own shares as part of a share buyback program announced on November 29, 2023. The company repurchased a total of 163,476 shares on December 15, 2023, at a weighted average price … Read the full press release
Posted in Business, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged acquisition, Financial, investment, Outokumpu, share repurchase program, shares
(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel production, is investing approximately EUR 30 million in a pelletizing plant for biocoke in Tornio, Finland, with production set to start in mid-2025. The move aims to reduce direct emissions … Read the full press release
Posted in Business, Environment, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged biocoke, Finland, green steel production, Outokumpu, partnership, Pelletizing Plant, sustainability, Timo Huhtala, Tornio
(IN BRIEF) ANDRITZ has successfully rebuilt a mechanical pulping line at Shandong Huatai Paper’s mill in China, increasing its capacity from 100,000 to 300,000 t/a, making it the world’s largest mechanical pulping line for printing and writing paper production. The … Read the full press release
(IN BRIEF) Evonik has completed the acquisition of Thai Peroxide Company Limited (TPL), a former joint venture, to expand its specialty-grade hydrogen peroxide and peracetic acid offerings in the Asia Pacific region. TPL is a significant regional supplier of these … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Germany, Government, Industrial, Infrastructure & Utilities, Investment, Management, News
Tagged acquisition, Active Oxygens, Asia Pacific, Claus Rettig, Evonik, Lauren Kjeldsen, Michael Träxler, partnership, Specialty Peroxides, sustainability, Thai Peroxide Company
(IN BRIEF) Specialty chemicals company Evonik is investing double-digit millions of euros to expand its POLYVEST® HT plant in Marl, Germany. This expansion, expected to be completed by the second quarter of 2024, will increase production capacity for hydroxyl-terminated polybutadienes … Read the full press release
(IN BRIEF) Crédit Agricole Assurances has finalized a long-term partnership with Banco BPM to expand the distribution of its non-life, personal protection, and creditor insurance products through Banco BPM’s networks, including online and mobile banking channels. This move aligns with … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, France, Government, Industrial, Insurance, Investment, Italy, Management, News
Tagged Banco BPM, Credit Agricole, Crédit Agricole Assurances, Italy, Non-Life Bancassurer, partnership, Philippe Dumont, sustainability
(IN BRIEF) DNV and Shandong Shipping Tanker Co., Ltd (SDST) have announced the establishment of a Joint Innovation Studio to foster collaboration in digitalization and sustainability within the maritime industry. The studio, based at SDST’s Qingdao headquarters, aims to support … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Norway, Technology, Transportation & Logistics
Tagged CHINA, digitalization, DNV, Innovation Studio, maritime, Norbert Kray, partnership, Shandong Shipping Tanker, sustainability
(IN BRIEF) The Hungarian government and Rheinmetall have signed a €288 million contract to jointly develop the Panther KF51 next-generation main battle tank, taking it to production maturity. The project involves the creation of a demonstrator vehicle and its qualification … Read the full press release
(IN BRIEF) Skanska, as part of the Skanska Costain STRABAG joint venture, has been granted an additional GBP 71 million (approximately SEK 940 million) under their existing contract with HS2 Ltd for phase one of the high-speed railway project in … Read the full press release
(IN BRIEF) Outokumpu has successfully completed its share repurchase program, acquiring a total of 157,620 treasury shares across multiple trading venues at an average price of EUR 4.46 per share. The program, announced on November 29, 2023, allowed for the … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged acquisition, Financial, investment, Outokumpu, share repurchase program, treasury shares
(IN BRIEF) Outokumpu’s Board of Directors has approved the initiation of the company’s share-based programs, the Performance Share Plan (PSP) and Restricted Share Pool (RSP), for the period spanning from 2024 to 2026. These programs will commence at the beginning … Read the full press release
Posted in Business, Environment, Financial, Finland, Industrial, Investment, Management, Metals and Minerals, News
Tagged Financial, investment, Outokumpu, performance, sustainability
(IN BRIEF) Nicola Beer has been appointed as the first female Vice-President on the European Investment Bank’s (EIB) Management Committee, representing Germany. With a background in law and politics, Beer brings extensive experience from her roles as a member of … Read the full press release
Posted in Banks, Business, Economy, Financial, Germany, Government, Industrial, Investment, Luxembourg, Management, News
Tagged appointment, EIB, First Female German Vice-President, Germany, ledership, management committee, Nicola Beer, partnership, Werner Hoyer
(IN BRIEF) Sunlight, a prominent battery manufacturer and member of the Olympia Group, has secured a €25 million loan from the European Investment Bank (EIB) to bolster its lithium battery production capacity at its cutting-edge facility in Xanthi, Greece. With … Read the full press release
Posted in Banks, Business, Economy, Energy, Gas & Oil, Environment, Financial, Government, Greece, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, Greece, Kyriacos Kakouris, Lampros Bisalas, Lithium Battery Production, Olympia Group, partnership, sunlight, sustainability
(IN BRIEF) The European Investment Bank’s (EIB) specialized development finance arm, EIB Global, has entered into a €41.2 million loan agreement with the government of Moldova for the revitalization of the country’s railway infrastructure. Complementing this funding is a €12 … Read the full press release
Posted in Banks, Economy, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, Moldova, News, Transportation & Logistics
Tagged EIB, EIB Global, Jānis Mažeiks, MOLDOVA, partnership, Petru Rotaru, rail infrastructure, Rehabilitate, sustainability, Teresa Czerwinska
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