Tag Archives: economic development

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

EU Announces €902 Million Support Package for Jordan, Focusing on Education, Water Infrastructure, and Economic Development

(IN BRIEF) The President of the European Commission, Ursula von der Leyen, welcomed King Abdullah II of Jordan to Brussels and discussed recent regional developments. During the visit, the EU announced a substantial support package for Jordan worth €902 million, … Read the full press release

EC, scientists, policy makers launch scientific clusters to support economic development in Danube Region

20-5-2013 — /europawire.eu/ — The European Commission and scientists and policy makers from the 14 Danube Region countries have today launched six scientific clusters to support economic development in the region. The six clusters will focus on: water; land & soil; … Read the full press release

Štefan Füle met with Sergiy Arbuzov, Ukraine, on assessing progress and outstanding issues

Brussels,  1-5-2013 — /europawire.eu/ — EU-Ukraine: Assessing progress and outstanding issues with S. Arbuzov Commissioner for Enlargement and European Neighbourhood Policy Štefan Füle met in Brussels with Sergiy Arbuzov, First Deputy Prime Minister of Ukraine responsible for overseeing activities in the areas … Read the full press release

EIB & Millennium bcp agree on EUR 200m to finance SMEs in Portugal

Luxembourg,  1-5-2013 — /europawire.eu/ — The European Investment Bank (EIB) and Millennium bcp signed an agreement of EUR 200 million to finance small and medium-sized projects promoted essentially by SMEs and Mid-Cap companies. Millennium bcp is also committed to providing its own resources to … Read the full press release