Tag Archives: EU

voestalpine Calls for Continued Electricity Price Compensation to Protect Austria’s Energy-Intensive Industry

(IN BRIEF) voestalpine AG has urged the Austrian federal government to ensure fair competition for Austria’s energy-intensive industries by continuing to use electricity price compensation, a measure already utilized by many EU countries. The company emphasizes that this compensation is … Read the full press release

KfW Strengthens Global Role with High Stable New Business in 2024 and Continued Focus on Climate Protection and Biodiversity

(IN BRIEF) KfW’s 2024 international business performance shows a stable level of EUR 34.2 billion, with a continued focus on climate protection, biodiversity, and geostrategic objectives. Through its subsidiaries, KfW supports projects aligned with Germany and Europe’s economic and geopolitical … Read the full press release

SGS Belgium NV Receives Designation as Notified Body under EU IVDR to Support In Vitro Diagnostic Device Compliance

(IN BRIEF) SGS Belgium NV has been officially designated by the European Commission and Belgian Competent Authority as a Notified Body (NB) under the In Vitro Diagnostic Medical Device Regulation (IVDR), EU 2017/746. This milestone enhances SGS’s ability to support … Read the full press release

European Investment Bank Appoints Scope Ratings for Solicited Creditworthiness Rating

(IN BRIEF) The European Investment Bank (EIB) has mandated Scope Ratings, a European Union-based credit rating agency, to perform a solicited creditworthiness rating. This addition to its existing agencies—Fitch, Moody’s, and S&P—was part of EIB’s regular triennial evaluation process for … Read the full press release

Revitalizing Ukraine’s Rail Links: €50 Million Boost for Cross-Border Connectivity

(IN BRIEF) Ukraine is set to upgrade its border rail infrastructure with neighboring EU countries, boosting both freight and passenger transport while reinforcing its role as a transport hub. This project includes comprehensive improvements such as track repairs, relocation of … Read the full press release

BASF Introduces Revolutionary Fermentation-Derived Flavors for Next-Generation Taste Innovation

(IN BRIEF) BASF Aroma Ingredients, under its Isobionics® brand, has introduced two new natural flavor ingredients developed using state-of-the-art fermentation technology. Isobionics® Natural beta-Sinensal 20 is the first fermentation-produced single isomer of Sinensal, offering a complex citrus profile with marine … Read the full press release

Hydro to Bolster European Energy Networks with New Wire Rod Casthouse in Karmøy

(IN BRIEF) Hydro has unveiled plans to invest in a new wire rod casthouse at its Karmøy aluminium smelter in Norway, aiming to supply aluminium for Europe’s critical energy infrastructure. With a production capacity of 110,000 tonnes per year, the … Read the full press release

EU must invest in high-quality journalism and fact-checking tools to stop disinformation

  (IN BRIEF) Europe may be facing an epistemological crisis that threatens genuine democratic values due to the rampant spread of disinformation, which global leaders at WEF 2025 have identified as the greatest short-term global threat—surpassing even war and natural … Read the full press release

EIB, SEB, and Luminor Propel Estonia’s Renewable Energy Ambitions with €62 Million Solar Park Investment

(IN BRIEF) A consortium led by the European Investment Bank in partnership with SEB and Luminor has provided €62 million to Sunly for a new 244 MW solar park in Risti, Estonia. Expected to be the Baltics’ largest photovoltaic facility … Read the full press release

ECOWAS Bank and European Investment Bank Launch €100 Million Partnership to Drive Climate Action in West Africa

(IN BRIEF) The ECOWAS Bank for Investment and Development (EBID) and the European Investment Bank (EIB), with support from the European Union (EU), have launched a €100 million partnership aimed at addressing climate action and environmental sustainability challenges in the … Read the full press release

Major Road Expansion in Kenya Set to Boost Trade and Sustainability with Support from Team Europe

(IN BRIEF) The upgrade of the Kwa-Jomvu to Mariakani road in Kenya, backed by Team Europe, will transform a two-lane highway into a four and six-lane dual carriageway, improving road safety, reducing emissions, and enhancing regional trade. The €140 million … 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

EU Co-Finances E.ON-Led DRIVE-E Project to Boost Charging Infrastructure Across 13 European Countries

(IN BRIEF) The EU will co-finance the installation of 1,400 new charging points across Europe, with 430 dedicated to heavy-duty electric trucks, as part of the DRIVE-E Global project. This €45 million initiative, led by E.ON, aims to strengthen Europe’s … 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

Rheinmetall Wins €260 Million Logistical Support Contract for Bundeswehr Force Relocation

(IN BRIEF) Rheinmetall has secured a major €260 million framework agreement with the Bundeswehr for logistical support in military force relocation both within Germany and abroad. The contract, which lasts three years with two possible one-year extensions, includes services in … 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 BNP Paribas Partnership to Drive €8 Billion Investment in Europe’s Wind Energy Sector

(IN BRIEF) BNP Paribas and the European Investment Bank (EIB) have announced a partnership to inject up to €8 billion into the European wind energy sector. With a €500 million counter-guarantee from the EIB, BNP Paribas will back wind farm … Read the full press release

EIB President Reaffirms EU’s Commitment to Ukraine with €420 Million in Support for Infrastructure and Energy Projects

(IN BRIEF) EIB President Nadia Calviño led a delegation on her first visit outside the EU to Ukraine, reaffirming the EU’s long-term commitment to supporting the country’s recovery. The EIB announced €420 million in funding under the EU’s €50 billion … Read the full press release

Baltic States Achieve Historic Electricity Grid Synchronization with Europe, Boosting Energy Security

(IN BRIEF) Estonia, Latvia, and Lithuania have successfully synchronized their electricity grids with the European Continental European Network, marking a significant step in their energy independence from Russia and Belarus. This achievement, celebrated as “Energy Independence Day,” strengthens the region’s … Read the full press release

Battery Monitor 2024/2025: Global Battery Demand to Triple by 2030 as Europe Faces Price Wars and Overcapacity

(IN BRIEF) The “Battery Monitor 2024/2025” report predicts a tripling of global battery demand by 2030, reaching between 4.0 and 4.6 terawatt hours (TWh), with further growth to 8.8 TWh by 2040. The battery market is facing challenges due to … Read the full press release