Tag Archives: economic development

IFC and Crédit Agricole CIB partner on $2 billion risk transfer deal to boost trade finance in emerging markets

(IN BRIEF) The International Finance Corporation (IFC) and Crédit Agricole CIB have finalized a $2 billion Significant Risk Transfer (SRT) deal, backed by a $95 million financial guarantee from IFC, to unlock new trade finance commitments for emerging markets. The … Read the full press release

Global Rail Leader Alstom Expands Plattsburgh Workforce with Full-Time Roles and Competitive Benefits

(IN BRIEF) Alstom is hiring nearly 120 new full-time employees at its Plattsburgh, NY manufacturing site to support production of 374 advanced commuter railcars for NJ TRANSIT. The company will hold a job fair on November 6, offering immediate interviews … Read the full press release

Vossloh Secures €20 Million Contract to Supply Rail Fastening Systems for China’s New Xining–Chengdu High-Speed Line

(IN BRIEF) Vossloh AG has won a major contract worth nearly €20 million through its Chinese subsidiary, Vossloh Fastening Systems China Co. Ltd., to supply rail fastening systems for a new high-speed railway connecting Xining and Chengdu. Deliveries are scheduled … Read the full press release

Nokia enhances Vietnam’s telecom capacity with new VNPT partnership focused on border and southern regions

(IN BRIEF) Nokia has extended its partnership with Vietnam Posts and Telecommunications Group (VNPT) through a new agreement to upgrade radio infrastructure in Hanoi, border provinces, and the southern region. The deployment of Nokia’s AirScale portfolio, powered by ReefShark System-on-Chip … Read the full press release

EU-Backed EBRD Loans Boost Green and Competitive Growth for Moldova’s maib, Victoriabank, and Eximbank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in partnership with the European Union, is extending €22.5 million in new loans to three Moldovan banks — maib, Victoriabank, and Eximbank — under the EU4Business-EBRD Credit Line to boost … Read the full press release

First €150 Million Tranche of €350 Million EIB–HBOR Facility Targets Renewable and Sustainable Projects in Croatia

(IN BRIEF) The EIB has granted HBOR a €150 million loan—the first tranche of a €350 million agreement—to finance mid-caps and public-sector projects in Croatia. At least 30 percent of these funds will support green initiatives such as energy savings, … Read the full press release

Wood to Lead Definitive Feasibility Study for Mongolia’s Khalzan Buregtei REE Project

(IN BRIEF) Wood has been selected by MNREC to lead the full feasibility study for the Khalzan Buregtei rare earth elements project, following a 2024 pre-feasibility review. The scope includes detailed design of the concentrator and refinery process plants. The … Read the full press release

EBRD Provides €25 Million Loan to PBZ Leasing to Boost Green Investments by Croatian MSMEs

(IN BRIEF) The EBRD has provided a €25 million loan to PBZ Leasing for on-lending to Croatian MSMEs, dedicating at least 30 percent of the funds to green asset leases. This initiative advances the EBRD’s Green Economy Transition goals by … Read the full press release

Natixis CIB Launches Fully Licensed Bank in Japan to Expand International Offerings

(IN BRIEF) On July 1, 2025, Natixis CIB will convert its Tokyo branch’s money-lending license into a full banking license, enabling a wider range of financial services in Japan. Since June 2022, the branch has focused on lending; the upgrade … Read the full press release

Holcim Launches OLYMPUS Project in Greece, Advancing Europe’s Clean Industrial Deal with Carbon Capture Technology

(IN BRIEF) Holcim has officially launched the OLYMPUS project at its Milaki plant in Greece, aiming to produce 2 million tons of near-zero cement annually starting in 2029. With a EUR 400 million investment, the project is supported by a … Read the full press release

EIF and BNP Paribas Leasing Solutions Sign Landmark €200 Million InvestEU Guarantee to Support SMEs in Sustainability Transition

(IN BRIEF) The EIF and BNP Paribas Leasing Solutions have signed a landmark agreement to provide a €200 million portfolio guarantee, aimed at enhancing access to business asset leasing solutions for SMEs and small mid-caps across France, Germany, Italy, and … Read the full press release

ZÜBLIN Unveils Modern Administration Hub for Dresden with Sustainable Design

(IN BRIEF) The new Stadtforum Dresden, built by ZÜBLIN and Dreßler Bau GmbH for KID Kommunale Immobilien Dresden GmbH & Co. KG, has been unveiled as a modern administration center that brings together various municipal departments and offers workspaces for … Read the full press release

Sweco Joins Elite Alliance to Revolutionize Estonia’s Rail Network

(IN BRIEF) Sweco has been selected as a key partner in the alliance spearheading the Rail Baltica project in Estonia, a major initiative aimed at overhauling the region’s railway network. This selection underscores Sweco’s role in providing high-level expertise in … Read the full press release

EIB Group Boosts Sweden’s Green Transition with €1.9 Billion Financing in 2024

(IN BRIEF) In 2024, Sweden received approximately €1.9 billion in financing from the European Investment Bank (EIB) Group, with over 65% directed toward climate and sustainability initiatives. This funding supported key projects in renewable energy, infrastructure, and digitalization, including wind … Read the full press release

EIB Group Contributes €2.2 Billion in Financing to Greece in 2024, Focusing on Energy, Business Growth, and Disaster Management

(IN BRIEF) In 2024, the European Investment Bank (EIB) Group provided €2.2 billion in financing to Greece, focusing on boosting energy resilience, supporting business growth, and enhancing disaster preparedness. Key projects included solar parks, grid upgrades, and disaster management infrastructure, … Read the full press release

Construction Begins on Eastern Green Link 1, a Subsea Electricity Superhighway to Power Two Million Homes

(IN BRIEF) The Eastern Green Link 1 project, a joint venture between SP Energy Networks and National Grid Electricity Transmission, has begun construction on a subsea electricity cable that will provide green power to two million homes. This £2.5 billion … Read the full press release

GEA Foundation Launched to Drive Global Impact in Education, Sustainability, and Disaster Relief

(IN BRIEF) GEA Group launched the GEA Foundation at an event in Berlin, aiming to strengthen the company’s community engagement by focusing on education, poverty alleviation, access to infrastructure, and disaster relief. The foundation builds on GEA’s commitment to donate … Read the full press release

EIF Pledges €40 Million to SevenGen Growth Fund to Boost Sustainable Innovation and Impact

(IN BRIEF) The European Investment Fund has committed €40 million to the SevenGen Growth Fund, which focuses on scaling profitable companies in sustainability-related sectors. The fund will target businesses across the Benelux, Germany, and the Nordics that are poised for … Read the full press release

Edison and Webuild Collaborate on Major Pumped Hydroelectric Projects to Enhance Italy’s Energy Security and Economic Development

(IN BRIEF) Edison and Webuild have joined forces to develop pumped hydroelectric projects in Southern Italy, focusing on sites in Pescopagano and Villarosa. These projects aim to generate 500 MW of pumped energy by 2030, supporting Italy’s energy security and … Read the full press release

EIF and MDB Collaboration to Foster Economic Development and Job Creation in Malta

(IN BRIEF) The European Investment Fund (EIF), in collaboration with the Malta Development Bank (MDB), is set to provide guarantees totaling €20 million to support small and medium-sized enterprises (SMEs) and small mid-caps in Malta. These guarantees, backed by InvestEU, … Read the full press release