(IN BRIEF) The ACP Trust Fund has secured over €74 million in pledges from seven EU member states, including Denmark, Finland, Germany, Luxembourg, Portugal, Spain, and Sweden, to support economic growth in African, Caribbean, and Pacific (ACP) countries. This funding … Read the full press release
Posted in Banks, Business, Denmark, Economy, Environment, European Union, Financial, Finland, Germany, Government, Industrial, Investment, Luxembourg, Management, News, Portugal, Spain, Sweden
Tagged African Caribbean and Pacific (ACP) Nations, Benjamin Dousa, Denmark, Dirk Meyer, economic, EIB, Finland, funding, Germany, Gilles Roth, Joaquim Miranda Sarmento, José Manuel Albares, Juha Savolainen, Jutta Urpilainen, Lars Løkke Rasmussen, Luxembourg, partnership, PORTUGAL, Spain, sustainability, Sweden, Thomas Östros
(IN BRIEF) The Herzegovina Bridge, a significant infrastructure project in Bosnia and Herzegovina, was inaugurated on September 5, 2024. Spanning nearly 1 kilometer across the Neretva River, this new bridge, part of the Corridor Vc route, aims to enhance connectivity, … Read the full press release
Posted in Banks, Bosnia and Herzegovina, Business, Economy, Environment, European Union, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged Borjana Krišto, Bosnia and Herzegovina, connectivity, economic, EIB, Herzegovina Bridge, Nermin Nikšić, partnership, Robert de Groot, Stefano Ellero, sustainability
(IN BRIEF) International technology group ANDRITZ reported a stable performance in the first half of 2024 despite challenging economic conditions. Revenue decreased slightly by 3.0% to €3,986.6 million, while order intake dropped by 18.4% to €3,845.4 million due to fewer … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Investment, Management, News, Technology
Tagged Andritz, economic, Financial, investment, Joachim Schönbeck
(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) A coalition of public and private investors has pledged $20 billion over three years to advance women’s economic empowerment through the 2X Challenge. Launched initially during the 2018 G7 Summit, the initiative has surpassed its fundraising targets, culminating … Read the full press release
Posted in Banks, Business, Economy, Financial, Industrial, Investment, Luxembourg, Management, News
Tagged 2X Global, economic, EIB, Jessica Espinoza, Nadia Calviño, women empowerment
(IN BRIEF) The European Investment Bank (EIB) and Banco Sabadell have joined forces in a significant deal, signing a guarantee agreement worth up to €200 million, which is the first phase of a broader operation of €300 million. Over the … Read the full press release
Posted in Banks, Business, Economy, Environment, European Union, Financial, Government, Industrial, Investment, Luxembourg, Management, News, Small Business, Spain
Tagged Banco Sabadell, Carlos Ventura, economic, EIB, Jean-Christophe Laloux, partnership, SMEs, Spain, sustainability
(IN BRIEF) The highly anticipated Eras Tour by Taylor Swift is poised to inject a staggering £997 million into the UK economy, according to new data from Barclays. Swifties attending the tour are expected to spend an average of £848 … Read the full press release
Posted in Banks, Business, Economy, Entertainment, Financial, Industrial, Investment, Management, Marketing, Media, News, United Kingdom
Tagged Barclays, Dr Peter Brooks, economic, entertainment, Eras Tour, Financial, Taylor Swift, Tom Corbett, UK
(IN BRIEF) In the first quarter of 2024, Salzgitter AG reported a downturn in performance due to a sluggish economy, particularly affecting its steel-related sectors in Germany. The company achieved an EBITDA of €126.4 million and a pre-tax profit of … Read the full press release
Posted in Business, Economy, Financial, Germany, Industrial, Investment, Management, Metals and Minerals, News
Tagged Birgit Potrafki, economic, Financial, Gunnar Groebler, investment, Salzgitter AG
(IN BRIEF) EQT, a leading private equity firm, appoints the Right Honorable Sir Alok Sharma KCMG as Senior Advisor on geopolitical topics and economic trends, leveraging his extensive experience in sustainability. Sir Alok, former President of the 2021 United Nations … Read the full press release
Posted in Business, Economy, Environment, Financial, Industrial, Investment, Management, News, Sweden
Tagged appointment, Bettina Siempelkamp, economic, EQT, geopolitical, leadership, Senior Advisor, Sir Alok Sharma, sustainability
(IN BRIEF) Alstom, a global leader in smart and sustainable mobility, releases its 2023 Economic Impact Report, revealing its significant contribution to the UK and Ireland. With roots tracing back to the world’s first locomotive works in Newcastle, Alstom has … Read the full press release
Posted in Business, Economy, Environment, Financial, France, Industrial, Management, News, Technology, Transportation & Logistics
Tagged Alstom, economic, INNOVATION, Ireland, Nick Crossfield, recyclability, renewable energy, sustainability, train, UK, waste recovery
(IN BRIEF) International technology group ANDRITZ has announced significant growth in revenue and operating result, both of which increased by over 20% in the first quarter of 2023 compared to the same period the previous year. The company also reported … Read the full press release
Posted in Austria, Business, Economy, Financial, Industrial, Management, News, Technology
Tagged Andritz, Dr. Joachim Schönbeck, economic, Financial, Norbert Nettesheim
Report from the World Economic Forum’s Global Agenda Council on Geo-economics identifies seven geo-economic trends that could decelerate or even reverse globalization Trends include the rise in economic warfare, new-generation state capitalism and a rise in infrastructure-driven alliances Five lessons … Read the full press release
Posted in Business, Economy, Financial, Switzerland
Tagged economic, geo-economics, Global Agenda Council, Mark Leonard, World Economic Forum
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