Tag Archives: EU

EBRD Secures €8 Million Loan to Empower Women-Led Businesses in Georgia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), with support from the European Union (EU) and Sweden, is extending an €8 million loan to ProCredit Bank in Georgia to boost lending to women-led micro, small, and medium-sized enterprises … Read the full press release

EIB and Ukrainian Government Collaborate on Reconstruction Efforts Amid Conflict

(IN BRIEF) The European Investment Bank (EIB) and the Ukrainian government join forces to advance reconstruction efforts in war-torn regions, allocating funds for critical infrastructure projects under the Ukraine Recovery Programme (URP) and the Ukraine Early Recovery Programme (UERP). With … Read the full press release

Eurojust and eu-LISA Pave the Way for Enhanced Digital Judicial Cooperation in the EU

(IN BRIEF) Eurojust and eu-LISA are intensifying their collaboration to bolster the digitalization of judicial cooperation throughout the European Union, as emphasized during a visit by eu-LISA Executive Director Ms Agnès Diallo to The Hague. Discussions centered on fostering closer … Read the full press release

EBRD and EU-Funded Program Propel Alaska Hotel’s Sustainability Drive in Tsaghkadzor, Armenia, with Solar Investment

(IN BRIEF) Nestled in Tsaghkadzor, Armenia’s popular health resort, the Alaska Hotel is attracting visitors with its renowned Armenian hospitality and a commitment to sustainability. With support from the European Bank for Reconstruction and Development (EBRD) and the European Union … Read the full press release

Serbian Plastic Manufacturer Achieves 50-Year Milestone Amidst Growing Sustainability Efforts

(IN BRIEF) MNG Plastik Gogić, a family-owned plastic manufacturing company based in Indjija, Serbia, celebrates over 50 years of successful business operations. Specializing in plastic waste containers, bins, and stadium seats, the company exports to over 60 countries worldwide. With … Read the full press release

EU-Funded Reconstruction Provides Housing for Displaced Ukrainians

(IN BRIEF) Under the “EU Support for Urgent Housing Needs for Internally Displaced Persons in Ukraine” initiative, a former boarding school dormitory in Kivertsi has been efficiently reconstructed to offer housing for displaced Ukrainians. With funding from the EU and … Read the full press release

EU Private Sector Women Launch Network to Drive Climate Action

(IN BRIEF) In a proactive move towards advancing the green transition and fostering climate resilience, women leaders from the EU private sector have inaugurated the Women Climate Leaders Network, hosted by the European Investment Bank Group (EIB Group). With the … Read the full press release

New ACEA Chair Domenico Nucera Aims to Lead Bus Sector Toward Decarbonization

(IN BRIEF) Domenico Nucera, President of Iveco Group’s Bus Business Unit, has been appointed as the Chairperson of the bus and coach division of the European Automobile Manufacturers’ Association (ACEA). Nucera’s role is crucial as the European Union aims for … Read the full press release

EBRD and EU Partner with ProCredit Bank to Boost Georgian MSMEs with $10 Million Loan for Green Investments

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are intensifying their support for micro, small, and medium-sized enterprises (MSMEs) in Georgia through a partnership with ProCredit Bank. ProCredit Bank, a trusted EBRD partner … Read the full press release

EU’s €3 Million Injection Powers Energy Efficiency in Ukrainian Public Buildings

(IN BRIEF) The European Investment Bank (EIB) has allocated €3 million to the Ukrainian government as part of the EIB Ukraine Solidarity Urgent Response package. The funds will be used to implement energy-saving renovations in 18 public healthcare and educational … Read the full press release

European Investment Bank Welcomes EU Accession Negotiations with Ukraine, Moldova, and Candidate Status for Georgia

(IN BRIEF) The European Investment Bank (EIB) applauds the European Council’s decision to initiate EU accession negotiations with Ukraine and Moldova, while also granting candidate country status to Georgia. EIB President Werner Hoyer emphasizes the positive impact of enlargement on … Read the full press release

ORLEN-Led Joint Venture Secures EU Grant for Groundbreaking CO2 Marine Terminal in Poland

(IN BRIEF) A partnership involving ORLEN, Lafarge Cement S.A., and Air Liquide Poland has received a European Commission grant to develop project design documentation and supply chain feasibility studies for a carbon dioxide (CO2) marine terminal. This terminal project aligns … Read the full press release

EU-Funded REFORMERS Project Launches Europe’s First Renewable Energy Valley in the Netherlands

(IN BRIEF) The REFORMERS research project, funded under the EU’s Horizon Europe program, has officially commenced its mission to develop and roll out “Renewable Energy Valleys” (REVs) across Europe. The project’s flagship, located in the Netherlands between Alkmaar and Heiloo, … Read the full press release

Rolls-Royce Successfully Tests UltraFan Demonstrator at Maximum Power Using Sustainable Aviation Fuel

(IN BRIEF) Rolls-Royce has achieved a significant milestone by successfully running its UltraFan technology demonstrator at maximum power in its Derby facility, UK. What makes this achievement even more noteworthy is that the initial test stage was conducted using 100% … Read the full press release

Ericsson Secures Funding for Cloud and Edge Infrastructure Innovation in European Initiative

(IN BRIEF) Ericsson has received funding from Germany’s Economic Affairs and Climate Action Ministry to support its KeeCEK (Small efficient effective Cloud Edge Nodes) project, part of the Important Project of Common European Interest on Next Generation Cloud Infrastructure and … 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

EBRD and EU Collaborate to Enhance Solid Waste Management in Kyrgyz Republic’s Capital

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have supported the completion of a vital infrastructure project in Bishkek, the capital of the Kyrgyz Republic. The project involves the construction of a landfill … Read the full press release

Georgia’s East-West Highway Section Opens with EU and EIB Support, Enhancing Regional Connectivity

(IN BRIEF) The Ubisa-Shorapani section of Georgia’s East-West Highway, a crucial part of the Trans-European Transport Network (TEN-T) and the Middle Corridor, was officially opened on October 28, 2023. This section is one of seven supported by the European Union … Read the full press release

EU Faces Challenges in Meeting Plastic Packaging Recycling Targets, Says European Court of Auditors

(IN BRIEF) The European Court of Auditors (ECA) has cautioned that the EU may struggle to meet its plastic packaging recycling targets for 2025 and 2030 outlined in the new Packaging and Packaging Waste Regulation. Packaging accounts for a significant … Read the full press release

Record-Breaking Year for Corporate Renewable PPAs in the EU, but Regulatory Barriers Must Be Removed, Say Industry Leaders

(IN BRIEF) The RE-Source 2023 event in Amsterdam has marked a record year for corporate power purchase agreements (PPAs) in the EU, with 7.8 GW of renewable capacity secured year to date. Companies in the ICT, heavy industry, and telecom … Read the full press release

EU Pledges €500 Million for Global Health and €134 Million for Local Manufacturing in Africa

(IN BRIEF) During the Global Gateway Forum, the EU committed €500 million to global health in collaboration with the European Investment Bank (EIB) and the Bill & Melinda Gates Foundation. This funding will strengthen healthcare capacities, improve pharmaceutical supply chains, … Read the full press release

EU Commits €16 Million to Enhance Road Safety Along Georgia’s East-West Highway

(IN BRIEF) The EU, represented by Commissioner Olivér Várhelyi and EIB President Werner Hoyer, has announced a €16 million grant through EIB Global to enhance road safety in Georgia along the East-West highway. The project aims to improve physical safety … Read the full press release

EU Commits €10 Million to Improve Education Infrastructure in Armenia’s Syunik Region

(IN BRIEF) At the Global Gateway Forum, the EU Commissioner for Neighbourhood and Enlargement, Olivér Várhelyi, and the European Investment Bank (EIB) President, Werner Hoyehr, announced a financial package to enhance education infrastructure in Armenia. The package includes a €10 … Read the full press release

EBRD and EU Empower Georgian Women-Led Enterprises with $20 Million Loan to TBC Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and Sweden, is providing a $20 million loan to TBC Bank in Georgia. This financing is aimed at bolstering lending opportunities for micro, … Read the full press release

EU-Funded CommuniCity Launches its Second Open Call

(IN BRIEF) The CommuniCity project, funded by the European Union, has launched its Second Open Call to address various challenges faced by marginalized communities in European cities. Building on the success of its First Open Call, the project has expanded … Read the full press release

EBRD Invests €4.6 Million to Enhance Public Transport and Street Lighting in Moldova’s Balti

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €4.6 million loan to the city of Balti in Moldova to support the enhancement of public transport and street lighting infrastructure. This investment, totaling €7 million, will … Read the full press release

EU-Funded Remediation Project Tackles Legacy Uranium Mining Sites in Uzbekistan

(IN BRIEF) Remediation work at legacy uranium mining sites in Uzbekistan is being funded by a €9 million grant from the Environmental Remediation Account for Central Asia (ERA), established by the European Union (EU) and managed by the European Bank … Read the full press release

EBRD and EU Collaborate to Boost Armenian MSMEs Through Acba Bank Funding

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are collaborating to enhance access to finance for Armenian micro, small, and medium-sized enterprises (MSMEs) through Acba Bank. The EBRD is providing a loan equivalent … Read the full press release

European Investment Bank Supports Equitable Growth with €28.4 Billion Financing in EU Cohesion Regions

(IN BRIEF) In 2022, the European Investment Bank (EIB) focused on promoting equitable growth and convergence of living standards by providing €28.4 billion in new financing for projects in EU cohesion regions. Poland was the largest beneficiary, receiving €24.8 billion, … Read the full press release

Alarming Figures: 9.3% of EU Population Can’t Afford Adequate Home Heating, European Economic and Social Committee (EESC) Warns

(IN BRIEF) Approximately 42 million people in the European Union (EU) are unable to afford proper heating for their homes, according to the European Economic and Social Committee (EESC). The EESC emphasized the need for the EU to take decisive … Read the full press release

Cyber Resilience Act: Enhanced Cybersecurity Requirements Proposed for Digital Products in the European Union

(IN BRIEF) The European Parliament’s Industry, Research and Energy Committee has approved the Cyber Resilience Act, a legislation aimed at enhancing the security of digital products within the European Union. The act establishes uniform cybersecurity requirements for products with digital … Read the full press release

Parliamentarians Call for Trade Improvement and Debt Restructuring at EU-CELAC (Community of Latin American and Caribbean States) Summit

Parliamentarians Call for Trade Improvement and Debt Restructuring at EU-CELAC (Community of Latin American and Caribbean States) Summit

(IN BRIEF) The EU and CELAC (Community of Latin American and Caribbean States) have come together to emphasize the importance of multilateralism based on rules in order to ensure peace, human rights, and international security. President Roberta Metsola will represent … Read the full press release

European Parliament Pushes for Coordinated Search and Rescue (SAR) Mission to Tackle Mediterranean Crisis

(IN BRIEF) Members of the European Parliament (MEPs) have expressed deep concern over the ongoing loss of lives in the Mediterranean as people attempt to cross the sea. They are urging increased support for national initiatives and the European Border … Read the full press release

EBRD and EU Provide Financing to Spark Digital Transformation in Bosnia and Herzegovina SMEs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are providing new financing to Sparkasse Bank in Bosnia and Herzegovina to support digital transformation investments by small and medium-sized enterprises (SMEs). The EBRD has … Read the full press release

EU Extends Funding for EuroTeQ Engineering University Alliance Until 2027

(IN BRIEF) The European university alliance, EuroTeQ, has secured funding from the EU until 2027 to continue its joint training of engineers. Led by the Technical University of Munich (TUM), EuroTeQ aims to enhance collaboration among eight universities in the … Read the full press release

EBRD and Türkiye Join Forces for Green Maritime Development and Climate Mitigation

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has launched a program to modernize Türkiye’s maritime sector and promote green investments and climate mitigation technologies. Developed in collaboration with the Turkish Ministry of Transport and Infrastructure and the … Read the full press release

Chr. Hansen’s MyOli™ 6’-SL HMO Receives EU Approval for Infant Formula and Follow-On Formula

(IN BRIEF) Chr. Hansen has received approval from the EU for their 6’-SL HMO, the final addition to their MyOli™ 5 HMO Mix. This authorization allows the highest use level of 6’-SL in infant formula and follow-on formula in the … Read the full press release

Burghausen Site Expansion: Wacker Chemie to Create Over 100 Jobs in Semiconductor-grade Polysilicon Production

(IN BRIEF) Wacker Chemie AG plans to expand its capacity for cleaning semiconductor-grade polysilicon by setting up a new production line at its Burghausen site. The expansion will increase capacity by over 50% and enable the production of more powerful … Read the full press release

Georgia’s GRC Partners with EU and EBRD to Enhance Building Materials Offering

(IN BRIEF) GRC, the leading producer of building materials in Georgia, has partnered with the European Union (EU) and the EBRD to expand its product portfolio by introducing rain gutter systems. The EU4Business-EBRD Credit Line supported GRC’s investment in modern … Read the full press release

European Institutions and ILX Management Collaborate to Support Sustainable Development in Emerging Markets

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD), in collaboration with the European Union (EU) and ILX Management, has formed a partnership to enhance private-sector finance in emerging markets. The initiative aims to attract investments of up to … Read the full press release