Tag Archives: economy

EBRD First Vice President Reaffirms Support for Ukraine’s Economy Amidst War Challenges

(IN BRIEF) During his second visit to wartime Ukraine, the First Vice President of the European Bank for Reconstruction and Development (EBRD), Jürgen Rigterink, emphasized the EBRD’s ongoing commitment to supporting Ukraine’s real economy and reform agenda. With more than … Read the full press release

Report Offers Immediate Solutions to Lift One Million People Out of Poverty

(IN BRIEF) A report co-authored by a University of York academic and published by the Institute for Public Policy Research (IPPR) and Changing Realities outlines costed recommendations to alleviate poverty for one million people overnight. The recommendations include increasing core … Read the full press release

Economic and Societal Threats Outweigh Environmental and Technological Risks, Says World Economic Forum Survey

(IN BRIEF) A survey conducted by the World Economic Forum, involving over 11,000 business leaders from 110 countries, has revealed that economic and societal threats, such as economic downturns, inflation, and declining social cohesion, are the most significant risks in … Read the full press release

EBRD Provides €6 Million to Boost Kosovo’s MSMEs and Green Economy

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is allocating up to €6 million to Banka për Biznes in Kosovo for onward lending to micro, small, and medium-sized enterprises (MSMEs). This initiative aims to enhance entrepreneurship, market competitiveness, … Read the full press release

Outokumpu’s Q3 2023 Report: Challenging European Market Offset by Solid Performance in Americas

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, has released its interim report for January to September 2023, highlighting both the challenges and successes during this period. In Q3 2023, the company experienced a challenging market environment in … Read the full press release

Outokumpu and CRONIMET Strengthen Partnership to Boost Circular Economy and Reduce CO2 Emissions in Stainless Steel Production

(IN BRIEF) Outokumpu, a global leader in sustainable stainless steel, and CRONIMET, a global leader in recycled stainless steel, are expanding their collaboration to enhance the sourcing and supply of high-quality scrap in Northeastern Europe. Outokumpu has agreed to acquire … Read the full press release

European Investment Bank to Advise Bulgaria on Strengthening Development Financial Institutions

(IN BRIEF) The European Investment Bank (EIB) will provide advisory assistance to the Bulgarian Ministry of Innovation and Growth to enhance the effectiveness of the development financial institutions it supervises, with the aim of better supporting the Bulgarian economy. The … Read the full press release

Germany’s GDP Records a Slight Dip of 0.1% in 3rd Quarter of 2023, Marking a Weaker Start to H2

  (IN BRIEF) Germany’s gross domestic product (GDP) for the third quarter of 2023 declined by 0.1% when adjusted for price, seasonal, and calendar variations compared to the previous quarter. This decrease follows a slight increase in economic performance in … Read the full press release

Neglecting Women’s Health in the Workplace Costs UK Economy £20.2 Billion Annually, Report Finds

(IN BRIEF) A report by AXA Health and the Centre of Economic and Business Research reveals that neglecting women’s health in the workplace costs the UK economy £20.2 billion annually. Despite 68% of women experiencing health issues in their careers, … Read the full press release

EBRD Commits €250 Million Recovery Package to Assist Morocco After Devastating Earthquake

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing Morocco with an initial earthquake response package of up to €250 million from 2023 to 2025 to aid recovery efforts in regions of the Atlas Mountains affected by … Read the full press release

voestalpine Unveils Cutting-Edge Special Steel Plant in Kapfenberg, Austria, Enhancing Regional Economy and Sustainability

(IN BRIEF) voestalpine has officially opened an advanced special steel plant in Kapfenberg, Austria, marking a significant technological advancement in high-performance materials for automotive, energy, and aerospace industries. The plant, known for its high degree of digitalization and sustainability, is … Read the full press release

European Investment Bank and Bulgarian Development Bank Collaborate to Enhance SME Financing in Bulgaria

(IN BRIEF) The European Investment Bank (EIB) and Bulgarian Development Bank (BDB) have signed a €175 million loan agreement to improve access to finance for small and medium-sized enterprises (SMEs) and mid-caps in Bulgaria. The loan aims to support companies … Read the full press release

Alfa Laval and RWDC Industries Join Forces to Advance Circular Economy Solutions

(IN BRIEF) Alfa Laval, a leader in heat transfer and fluid handling technologies, and RWDC Industries, a biotechnology company specializing in biopolymer materials, have signed a joint development agreement. The collaboration aims to enhance the manufacturing processes for sustainable alternatives … Read the full press release

EBRD Provides US$100 Million Loan to Banque Misr for Small Business Support in Egypt

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a US$100 million loan to Banque Misr in Egypt, aimed at supporting micro, small, and medium-sized enterprises (MSMEs). The funding will enable Banque Misr to expand its operations … Read the full press release

EBRD and CGI Launch Climate Governance Platform “Chapter Zero Egypt” to Drive Sustainable Business Practices

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Climate Governance Initiative (CGI) have collaborated to launch Chapter Zero Egypt, a platform aimed at promoting effective climate governance practices among businesses and financial institutions in Egypt. Chapter … Read the full press release

UK Card Spending Shows Growth in June, but Concerns Remain Over Inflation and Shrinkflation

(IN BRIEF) Consumer card spending in the UK showed a year-on-year growth of 5.4% in June, driven by warm weather and increased socializing at pubs and bars. Spending on groceries surged by 9.5%, although shoppers remain concerned about “shrinkflation” and … Read the full press release

Emerging Asia to Drive Global Economic Growth, Swiss Re Report Finds

(IN BRIEF) Swiss Re Institute’s latest sigma report highlights that emerging Asia, led by the reopening of China’s economy, is expected to be the main driver of global economic growth in the coming years. The report forecasts a growth rate … Read the full press release

GRAHAM Achieves £1 Billion Turnover Milestone, Demonstrating Strong Growth and Commitment to Sustainability

(IN BRIEF) GRAHAM, a leading national contractor and developer, has achieved a significant milestone by surpassing £1 billion in turnover. The company’s recently published accounts show a 15.3% increase in revenue compared to the previous year, reaching £1.094 billion. GRAHAM’s … Read the full press release

“Spoken Word ‘Human Together’: A Relational Economy.”

(IN BRIEF) Sallux, a political think tank, has introduced “Human Together”, a vision for a healthy economy that serves society and the environment, rather than solely serving shareholders. The current economy is reaching its limits, causing harm to the environment, … Read the full press release

EBRD helps Kazakhstan join derivatives and netting map with new legal framework

New legal framework improves risk management for businesses in Kazakhstan (PRESS RELEASE) LONDON, 16-Jan-2023 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD), a multilateral developmental investment bank, has announced that Kazakhstan‘s capital markets are set to receive … Read the full press release

Lloyds Bank UK Sector Tracker: the UK economy may already be in recession

12 out of 14 sectors experienced a fall in output in October, up from nine in September Providers of software services experienced a rise in new orders and the strongest output growth Rising inflation weighed on demand, with 13 out … Read the full press release

CSA Research’s New Localization Intelligence Analyzer, powered by LocHub, Helps Organizations Improve their Website’s Effectiveness for Global Customers

New service measures and analyzes best practices and competitive differentiators across a broader sample of websites in today’s customer-focused digital experience (PRESS RELEASE) BOSTON, MA, United States, 28-Jul-2021 — /EuropaWire/ — Many businesses want to delight customers around the world … Read the full press release

Centre for Economics and Business Research: return to full operation in UK schools could raise GDP by 3.3%, roughly £70 billion a year

(PRESS RELEASE) LONDON, 31-Aug-2020 — /EuropaWire/ — Centre for Economics and Business Research (Cebr), one of UK’s leading economics consultancies, has announced that UK’s GDP could stand £70 billion higher when the schools reopen, but part of the swing will … Read the full press release

Biodiversity Report Is Urgent Call to Action Beyond Fixes; Geneva Global Initiative Calls on World Community to Focus on Concrete Actions

(PRESS RELEASE) GENEVA, 6-May-2019 — /EuropaWire/ — The UN IPBES’ 2019 Global Assessment Report on Biodiversity and Ecosystem Services is another one in a long line of warnings about the state of our planet. It should be clear that we … Read the full press release

Central Bank of Ireland Deputy Governor Ed Sibley outlined the Central Bank’s strategic priorities for the next three years in the context of the safety and soundness of the financial system

Resilience of the financial system will remain a key focus for the Central Bank over the next three years A hard Brexit will be damaging for Ireland, but short-term ‘cliff-edge’ stability risks to the financial system are manageable Legislation is … Read the full press release

World Economic Forum’s Global Risks Report 2019: Worsening international relations hinders action across a growing array of serious challenges

Rising geopolitical and geo-economic tensions are the most urgent risk in 2019, with 90% of experts saying they expect further economic confrontation between major powers in 2019 Environmental degradation is the long-term risk that defines our age, with four of … Read the full press release

Deutsche Bank Wealth Management’s CIO: 6 themes to watch in 2019 based on macroeconomic outlook, market conditions and the major asset classes

(PRESS RELEASE) FRANKFURT AM MAIN, 11-Jan-2019 — /EuropaWire/ — The themes for 2019 are based around the macroeconomic outlook, market conditions and the major asset classes: 1) Growth deceleration. Global growth is slowing and becoming less synchronised. As the US upswing … Read the full press release

CIB Capital Markets Strategist Tom Joyce comments on US-China Policy Escalation & Markets in the January issue of C-SPACE

(PRESS RELEASE) FRANKFURT AM MAIN, 11-Jan-2019 — /EuropaWire/ — The United States and China are at a crossroad in what has become the most important bilateral relationship of the 21st Century, CIB Capital Markets Strategist Tom Joyce said in the January … Read the full press release

London Economics Report: University of York monetary and social value for the UK economy is £1.8 billion

(PRESS RELEASE) YORK, 09-Jan-2019 — /EuropaWire/ — The report demonstrates the monetary and social value of the University of York locally, nationally and internationally. It addresses the economic impact of teaching and learning; research and knowledge exchange; international students; and University … Read the full press release

EY Building a Better Working Europe survey: Skill shortages in Europe are damaging the growth prospects of companies and the continent’s economy

European companies struggle to recruit and retain talent with digital skills Almost half (48%) lack cybersecurity, artificial intelligence and robotics skills Digitally mature companies record higher productivity and better top-line growth LONDON, 18-Dec-2018 — /EuropaWire/ — Skill shortages in Europe are … Read the full press release

Alliance of key industry stakeholders covering the full plastics value chain established to reduce plastics littering across Europe

BRUSSELS, 12-Dec-2018 — /EuropaWire/ — Today (11 December 2018), the European Commission launches an alliance of key industry stakeholders covering the full plastics value chain as part of its persisting efforts to reduce plastics littering, increase the share of recycled … Read the full press release

Intesa Sanpaolo supports the German-Italian Innovation Conference

• The Bank is a key player in supporting the circular economy • Intesa Sanpaolo Innovation Center brings two start-ups focused on mobility to the German-Italian Innovation Conference BERLIN, 23-Nov-2018 — /EuropaWire/ — For the second year running, Intesa Sanpaolo is supporting the … Read the full press release

World Economic Forum 2019: Globalization 4.0: Shaping a Global Architecture in the Age of the Fourth Industrial Revolution

Globalization has created global growth and development but also given rise to excessive inequality For the next wave of globalization – “Globalization 4.0” – leaders need to learn from past mistakes and build more inclusive societies and better protect vulnerable … Read the full press release

Asia-Europe Parliamentary Partnership meeting to highlight the impact of climate change on migration, the economy and security

BRUSSELS, 25-Sep-2018 — /EuropaWire/ — MEPs and MPs from EU member states, 18 Asian countries and Russia, Australia, New Zealand, Norway and Switzerland will debate the environmental challenges that Asia and Europe are facing: sustainable development and the circular economy, … Read the full press release

Insurance Europe supports the EU’s efforts to make the European economy greener and more resilient

BRUSSELS, 30-Aug-2018 — /EuropaWire/ — Insurance Europe has published its response to a consultation on the European Commission’s proposal for a regulation to establish a framework to facilitate sustainable investment. It expressed support for the EU’s efforts to make the European economy greener … Read the full press release

Silver is Gold: The first European Silver Economy Awards have announced its winners

May 3, 2018 ¦ Health Innovation Centre of Southern Denmark, Fraunhofer Institute Portugal and ProjectRay have been honoured as winners of the first edition of the European Silver Economy Awards. BRUSSELS, Belgium, 11-May-2018 — /EuropaWire/ — On Thursday May 3, the … Read the full press release

Newcastle, Durham, Northumbria and Sunderland universities to make a step change in delivering research to the marketplace

The North East’s universities are joining forces to commercialise research and boost the region’s economy after a Minister announced £4.9m in Government funding. NEWCASTLE, 03-Apr-2018 — /EuropaWire/ — The Connecting Capability Fund (CCF) award, made by Research England, will see Newcastle, … Read the full press release

University of Warwick research links technological leadership and economic leadership in the context of 16th and 17th century Europe

Economic leadership and technological leadership are often closely linked. Efficient organisations make investment decisions based on market forces. Less efficient organisations allow other factors to influence their decisions. The Portuguese and Dutch merchant shipping empires of the 16th and 17th century demonstrate … Read the full press release

The Alan Turing Institute partner with HSBC and the Office for National Statistics (ONS) for the Turing-HSBC-ONS Economic Data Science Awards 2018

LONDON, 12-Mar-2018 — /EuropaWire/ — The Turing’s economic data science research programme has announced a new collaboration between HSBC and the Office for National Statistics (ONS). The Turing-HSBC-ONS Economic Data Science Awards 2018 invite proposals for research in economic data science to improve our understanding … Read the full press release

SME business climate dipped slightly in February but remains on a high level – KfW-ifo SME Barometer

SME business climate drops moderately as expectations decline But SMEs still rate their current situation better than ever Large enterprises are clearly less optimistic Growth rate is on the way back to normality Frankfurt am Main, 09-Mar-2018 — /EuropaWire/ — After … Read the full press release