Tag Archives: economic growth

EIF and Citadele Bank Partner to Provide Up to €138 Million in Preferential Loans for Baltic Businesses

(IN BRIEF) Citadele Bank, with EIF support, has launched a €138 million loan programme aimed at SMEs and microbusinesses in Estonia, Latvia, and Lithuania. The initiative, backed by the European Commission’s InvestEU programme, will offer loans with low interest rates, … Read the full press release

Castel Mimi Winery in Moldova Receives €1.24 Million Investment for Sustainable Growth and Wellness Centre Development

(IN BRIEF) The EBRD, EU, and maib have partnered to fund Castel Mimi’s expansion in Moldova, providing a €1.24 million loan to build a wellness centre at its award-winning wine resort. This investment supports sustainable development in Moldova’s wine tourism … Read the full press release

NIB and Celltechna Collaborate on First Baltics Gene Therapy Centre to Boost Life Sciences Innovation

(IN BRIEF) NIB has financed the Gene Therapy Centre in Lithuania, a groundbreaking facility advancing gene therapy research and manufacturing. Opened in September, it is a critical part of Lithuania’s life sciences sector, contributing to the country’s goal of growing … Read the full press release

Official Start of Permitting Process for Zeeland Energy Terminal by VTTI and Höegh Evi to Enhance Energy Security

(IN BRIEF) VTTI and Höegh Evi have launched the permitting process for the Zeeland Energy Terminal (ZET), a key project for enhancing the Netherlands’ energy infrastructure. The Ministry of Climate and Green Growth (KGG) has issued the Notification of Intent … Read the full press release

Germany Faces Increasing Competition from China in EU Export Markets, KfW Research Finds

(IN BRIEF) KfW Research’s latest study reveals that Germany is facing increased competition from China in EU export markets. While Germany still maintains higher export shares than China in most product categories, its lead is shrinking, with China expanding its … Read the full press release

Maersk Opens First Warehouse in France, Strengthening Logistics Network in Europe

(IN BRIEF) Maersk has opened its first warehouse in France, located in the Hauts-de-France region. The 75,000 m² facility is part of Maersk’s extensive European logistics network and serves as a key hub for strengthening supply chain solutions in the … Read the full press release

AFRY Partners on Sustainability Study for Estonia’s Phosphorite Project to Enhance Economic Independence

(IN BRIEF) AFRY has been commissioned by the Geological Survey of Estonia to carry out a comprehensive Preliminary Economic Assessment and Pre-Feasibility Study for the Estonian Phosphate Ore project located in Toolse, Estonia. Recognizing Estonia’s significant phosphorite deposits, which are … Read the full press release

UK Rail Transformed: £300m Tri-Mode Fleet Order to Boost Capacity, Cut Emissions, and Revolutionize Travel

(IN BRIEF) Arriva Group has announced a £300 million order for 45 new trains, featuring state-of-the-art tri-mode technology that can operate on electrified tracks, battery power, or diesel. Manufactured at Hitachi Rail’s Newton Aycliffe facility and financed by Angel Trains, … Read the full press release

Transforming University Campuses: €95 Million Boost for Green Student Housing and Modern Academic Facilities

(IN BRIEF) The University of Crete is set to undergo a significant expansion and upgrade of its student housing and academic facilities through a €95 million financing deal from the European Investment Bank (EIB), under a pioneering Public-Private Partnership with … Read the full press release

Banking Alliance Paves the Way for a Robust EU Clean Energy Future

(IN BRIEF) NORD/LB and the EIB have launched a significant financing partnership to boost the transition to clean energy within the European Union. The collaboration will fund new small and medium-sized renewable energy projects, with targeted investments in photovoltaic systems, … Read the full press release

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