Tag Archives: economic growth

EU Financial Instruments and Policy Reforms Set to Propel Croatia’s Competitiveness Amid Regulatory and Digital Gaps

(IN BRIEF) In 2024, Croatia’s economy grew steadily, fueled by significant EU funds, the adoption of the euro, and robust financial support from instruments like EFSI and InvestEU. However, major challenges persist, including a high percentage of exporters (84%) facing … Read the full press release

University of Helsinki Fuels Future Growth with Launch of 80+ Innovative Startups

(IN BRIEF) The University of Helsinki has announced that its incubator programs have successfully launched more than 80 startups, highlighting the institution’s dedication to promoting innovation and entrepreneurship. These startups, which cover a spectrum of industries such as technology, digital … Read the full press release

Aegon Unveils Transformative Community Investment Initiative in Bermuda

(IN BRIEF) Aegon has unveiled a new community investment program in Bermuda through a partnership with local organizations. The initiative is geared toward reinforcing the local economy by funding projects that improve education, infrastructure, and job creation. Beyond just capital … Read the full press release

EIB Group Bolsters Croatian Business Financing with €132 Million Guarantee Package

(IN BRIEF) The EIB Group has provided a €132 million guarantee package to Croatia-based Erste&Steiermärkische Bank d.d. to expand its lending to Croatian Mid-Caps, micro-entrepreneurs, and social enterprises. The package includes a €100 million guarantee from the EIB and €32 … Read the full press release

EPP Group Supports Omnibus Business Simplification to Drive Growth and Reduce Bureaucratic Barriers

(IN BRIEF) The EPP Group has voiced strong support for the upcoming Omnibus business simplification initiative, emphasizing the urgent need for economic growth and job creation in Europe. With a focus on cutting unnecessary bureaucratic obstacles, the group aims to … Read the full press release

FCA Announces Winners of Research Competition to Explore Regulation’s Role in Economic Growth

(IN BRIEF) The Financial Conduct Authority (FCA) has revealed the six winners of its research competition, awarding up to £30,000 in funding to each project. These studies aim to deepen the understanding of how regulation can foster economic growth, with … Read the full press release

UAE-France High-Level Business Council Strengthens Economic Cooperation at Third Meeting

(IN BRIEF) At the third meeting of the UAE-France High-Level Business Council in Paris, strategic partnerships were formed to enhance collaboration in energy, renewable energy, infrastructure, and artificial intelligence. The event, co-chaired by H.E. Dr. Sultan Al Jaber and Patrick … Read the full press release

Safran Electronics & Defense and IGG Inaugurate Advanced Defense Facility in Abu Dhabi

(IN BRIEF) Safran Electronics & Defense and International Golden Group have launched their Vision for Optronics & Navigation joint venture in Abu Dhabi, which will focus on R&D and the manufacturing of advanced military technology, particularly optronics and navigation systems. … Read the full press release

EIB, EIF, and Santander Bank Polska Partner to Drive €5 Billion in Funding for Polish SMEs with Focus on Gender Equality

(IN BRIEF) The European Investment Bank (EIB), the European Investment Fund (EIF), and Santander Bank Polska have joined forces to launch a new synthetic securitisation agreement aimed at bolstering support for small and medium-sized enterprises (SMEs) in Poland, particularly those … Read the full press release

EIB Invests €15 Million to Support SME Growth and Gender Inclusion in Africa through IPAE 3 Fund

(IN BRIEF) The European Investment Bank (EIB) has committed €15 million to the I&P Afrique Entrepreneurs 3 (IPAE 3) fund, aimed at supporting small and medium-sized enterprises (SMEs) across Africa. The initiative, which focuses on key sectors like agriculture, health, … Read the full press release

EIB and Malta’s Ministry for Finance Sign €130 Million Agreement to Boost Sustainable Growth and Innovation

(IN BRIEF) The EIB has signed a €130 million agreement with the Maltese government, marking the first tranche of a €260 million financing package aimed at co-financing key EU-backed projects. The funding will support various sectors including healthcare, digital innovation, … Read the full press release

EIB Increases Support for Czech Republic with €2.47 Billion Investment in Key Infrastructure and SMEs

(IN BRIEF) The European Investment Bank (EIB) has significantly increased its financing in the Czech Republic, rising to €2.47 billion in 2024. This marks a 33% growth from 2023, with key investments in infrastructure, the railway and energy sectors, and … Read the full press release

University of Bristol’s Isambard-AI Supercomputer Supports UK’s Ambitious AI Vision at Number 10 Event

(IN BRIEF) Professor Evelyn Welch, Vice-Chancellor of the University of Bristol, attended an event at Number 10 Downing Street to highlight the UK Government’s commitment to becoming a global leader in artificial intelligence (AI). The event recognized the country’s AI … Read the full press release

EIF Expands Microfinance Support with €100 Million Facility for Froda to Boost SME Growth Across Europe

(IN BRIEF) The European Investment Fund (EIF) has approved a €100 million guarantee facility for Froda, increasing their lending capacity to support micro-entrepreneurs across the EU. This expands on an existing €50 million arrangement, bringing the total to €150 million. … Read the full press release

Women in Transport Network Launches to Promote Gender Equality and Empower Women in the Transport Sector

(IN BRIEF) The Women in Transport (WiT) Network has been launched to support women in the transport industry, aiming to promote gender equality and enhance economic, social, and environmental outcomes. The initiative stems from a report by the World Bank … Read the full press release

Siemens Mobility Unveils Full-Scale Mockup for Sydney Metro – Western Sydney Airport Project, Showcasing Future Public Transport Innovation

(IN BRIEF) Siemens Mobility, in partnership with Parklife Metro, has revealed a full-scale mockup of a train carriage for the Sydney Metro – Western Sydney Airport project, offering a preview of the future metro system. The mockup highlights the spacious, … Read the full press release

Naked Receives USD 4 Million Investment from DEG to Expand South Africa’s Digital Insurance Landscape

(IN BRIEF) Naked, South Africa’s fully digital insurance platform, has secured a USD 4 million equity investment from DEG to further its growth by enhancing automation, expanding its product offerings, and attracting more customers through targeted advertising. This is part … Read the full press release

METLEN Partners with HSGME to Enhance Raw Material Security and Sustainability for Aluminium of Greece

(IN BRIEF) METLEN and HSGME have launched a partnership to improve raw material supply security for Aluminium of Greece, focusing on sustainable mining practices and advanced technologies like AI to optimize exploration. The collaboration will promote local economic growth, responsible … Read the full press release

Borealis and Aspiravi Forge Partnership for 120 GWh Annual Supply of Renewable Energy, Advancing Decarbonization Efforts in Belgium

(IN BRIEF) Borealis has signed a long-term power purchase agreement with Aspiravi to secure 120 GWh of renewable energy annually from Belgian wind farms. This partnership will significantly reduce Borealis’ Scope 2 emissions and supports the company’s goal of sourcing … Read the full press release