Tag Archives: European Union

EIB Group Expands in Cyprus with New Office in Nicosia to Boost Local Economy

(IN BRIEF) The European Investment Bank Group (EIB Group) is set to expand its presence in the European Union by opening a new office in Nicosia, Cyprus. This decision was revealed during discussions between EIB Group President Nadia Calviño and … Read the full press release

SWIFTT: A Copernicus-based forest management tool to map, mitigate, and prevent the main threats to EU forests

The solution will increase forest management productivity and cost-effectiveness, and enable forest managers, authorities, and policymakers to deal with forest threats proactively (IN BRIEF) Insect outbreaks, wildfires, and windthrow pose significant threats to European forests, exacerbated by climate change-induced extreme … Read the full press release

Globalization Trends: DHL Study Spotlights EU’s Rising International Influence

(IN BRIEF) In the latest DHL Global Connectedness Report, the Netherlands emerges as the most globalized country in the European Union, closely followed by Ireland and Luxembourg. Notably, 14 EU member states, including Malta, Belgium, Denmark, Sweden, Germany, Cyprus, Hungary, … Read the full press release

REPowerEU Marks Second Anniversary with New Wind Energy Initiatives

(IN BRIEF) Today marks the second anniversary of REPowerEU, the European Union’s response to Russia’s energy threat following the invasion of Ukraine. REPowerEU has significantly accelerated the deployment of wind energy across Europe, increasing its share in the electricity mix … Read the full press release

Eurojust Symposium Advocates for Enhanced Protection of Crime Victims Across Europe

(IN BRIEF) Eurojust recently hosted a landmark symposium in collaboration with the Belgian Presidency of the Council of the European Union, focusing on bolstering the rights and support systems for victims of crime across Europe. The symposium emphasized the need … Read the full press release

EIB and Maib Forge €94 Million Deal to Boost Green Investments and MSMEs in Moldova

(IN BRIEF) At the EU-Moldova Private Sector Investment Conference in Chișinău, the European Investment Bank (EIB Global) sealed two agreements with Moldova’s leading bank, maib. The first involves a €50 million loan aimed at enhancing access to finance and promoting … Read the full press release

ZF Wind Power Boosts European Green Energy Drive with Serial Production Expansion

(IN BRIEF) ZF Wind Power is ramping up its production capabilities in response to the surging demand for wind energy in Europe. With 18.3 GW of new wind turbines installed in 2023 and projections indicating rapid growth, ZF is strategically … Read the full press release

European Union Celebrates Second Anniversary of Ukraine-Moldova Electricity Grid Synchronisation Amidst Ongoing Support

(IN BRIEF) Today marks the second anniversary of the synchronisation of Ukraine’s and Moldova’s electricity grids with the Continental European Network, a critical achievement in light of concerns over energy security following Russia’s invasion of Ukraine in 2022. Completed in … Read the full press release

European Investment Fund Fuels Blue Economy with €20 Million Aquaculture Investment

(IN BRIEF) The European Investment Fund (EIF) has announced a €20 million investment under the InvestEU program to support the Blue Revolution Fund, managed by Hatch Blue. This investment aims to boost early-stage aquaculture enterprises, address market deficiencies, and promote … Read the full press release

Sweco Joins EU4Sevan Initiative to Assess Lake Sevan’s Water Level Impact

(IN BRIEF) Sweco, a consultancy firm, is participating in a project under the EU4Sevan program to assess the potential impact of raising the water level of Lake Sevan by over 6 meters. Lake Sevan is vital for Armenia’s irrigation, freshwater … Read the full press release

EIB and TBC Bank Partner to Boost SME Financing in Georgia

(IN BRIEF) The European Investment Bank (EIB) has signed a guarantee agreement with TBC Bank, supported by the European Union, to provide favorable financing terms and reduced collateral requirements for the local private sector in Georgia. This partnership will enable … Read the full press release

Pioneering Green Steel Project in Sweden Attracts Significant Investment from European Banks

(IN BRIEF) H2 Green Steel, a Swedish company, has secured significant financial support from the European Investment Bank (EIB) and the Nordic Investment Bank (NIB) for its pioneering green steel project in Northern Sweden. This project aims to revolutionize the … Read the full press release

EU Initiative SCO2OP-TES Advances Green Energy Transition with Alfa Laval

(IN BRIEF) Alfa Laval is part of a 16-member consortium called SCO2OP-TES, which aims to develop advanced Power-to-Heat energy storage technology. This initiative, aligned with the European Union’s renewable energy goals, seeks to provide cost-effective and grid-stable thermal energy storage … Read the full press release

EIB Global Invests $30 Million in Seedstars Africa Ventures to Boost Innovation and Job Creation in Africa

(IN BRIEF) EIB Global has announced a $30 million equity investment in the Seedstars Africa Ventures I venture capital fund to support innovative entrepreneurs in Africa. This investment aims to provide improved access to risk capital for startups and innovative … Read the full press release

Eurojust Joins Forces with Belgium’s EU Presidency to Combat Drug Trafficking

(IN BRIEF) Belgium, holding the EU Council Presidency, is prioritizing efforts to combat organized drug-related crime, focusing on logistic hubs and major ports. Eurojust, the EU’s criminal justice cooperation agency, will collaborate with third countries to address cross-border drug trafficking. … Read the full press release

European Investment Bank and Bank of Georgia Partner to Boost Green Investments and SME Growth with €50 Million Loan

(IN BRIEF) The European Investment Bank (EIB) has inked a €50 million loan agreement with the Bank of Georgia, aimed at supporting small and medium-sized enterprises (SMEs) and mid-cap companies, while also promoting sustainable economic recovery and growth. Notably, a … Read the full press release

EIB Commits to Supporting Refugees, Economic Resilience, and Social Inclusion at the 2023 Global Refugee Forum

(IN BRIEF) The European Investment Bank (EIB) has reiterated its dedication to addressing the needs of refugees, enhancing economic resilience in host and origin communities, and fostering social inclusion at the 2023 Global Refugee Forum. The EIB collaborated with partners … Read the full press release

EBRD Celebrates Women Entrepreneurs Making Strides

(IN BRIEF) In honor of Women’s Entrepreneurship Day, the European Bank for Reconstruction and Development (EBRD) shines a spotlight on the remarkable achievements of three inspiring women-led businesses. These entrepreneurs have thrived with the support of the EBRD’s Women in … Read the full press release

U.S. Commits $1 Million to Eurojust’s ICPA in Support of Ukraine Aggression Prosecution

(IN BRIEF) The U.S. Department of State has pledged USD 1 million to support the International Centre for the Prosecution of the Crime of Aggression Against Ukraine (ICPA), hosted at Eurojust. Eurojust, the European Union’s agency for judicial cooperation in … Read the full press release

Leading health experts voice their support for the introduction of an EU priority review programme

(IN BRIEF) The global health NGO Deutsche Stiftung Weltbevölkerung (DSW) is calling on the European Union (EU) to establish a priority review program aimed at encouraging investment in research and innovation (R&I) to combat poverty-related and neglected infectious diseases. Over … Read the full press release

EIB Grants €30.5 Million Loan to DOMINION for Technological Advancements and Innovation Across Europe

(IN BRIEF) The European Investment Bank (EIB) has recently entered into a €30.5 million loan agreement with DOMINION, a multi-technology services and integrated projects company, to fund the development of cutting-edge technology aimed at designing innovative engineering and computing solutions. … Read the full press release

Improved Eurojust Regulation Empowers EU Against Terrorism

(IN BRIEF) European Union (EU) judicial authorities are strengthening their efforts to combat terrorism by enhancing information sharing with Eurojust. An amendment to the Eurojust Regulation allows EU Member States to share a broader range of information on ongoing and … Read the full press release

Rheinmetall-Led FEDERATES Consortium Gains €30 Million EU Funding to Transform European Simulation Resources

(IN BRIEF) The FEDERATES consortium, led by Rheinmetall, has secured €30 million in funding from the European Union for an innovative training and decision support project. FEDERATES aims to create a “distributed synthetic simulation environment” that connects various simulation resources … Read the full press release

Infineon Takes Lead in European Research Project to Develop Sustainable Electronics

(IN BRIEF) Infineon Technologies AG has assumed the role of head and coordinator for the European research project EECONE (European ECOsystem for greeN Electronics), aimed at enhancing the sustainability of electronics in Europe. EECONE, supported by the European Union, brings … Read the full press release

EIB and UN Agencies Team Up to Drive Climate and Social Projects Worldwide

(IN BRIEF) The European Investment Bank (EIB) and five United Nations (UN) institutions have signed an agreement to enhance their collaboration on projects aimed at achieving Sustainable Development Goals. This agreement allows the EIB to directly finance technical assistance and … Read the full press release

EBRD Backs €15 Million Urban Renewal Project in Alba Iulia, Romania

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has approved a €15 million loan to Alba Iulia, Romania, to revitalize the city’s public transport infrastructure. The project, co-financed by the European Union, aims to transform over 15 km … Read the full press release

Moroccan SME Neodenim Adopts Sustainable Clothing Production with EBRD Support

(IN BRIEF) Moroccan SME, Neodenim, supported by the European Bank for Reconstruction and Development (EBRD), has adopted more energy-efficient and sustainable clothing production practices. With the installation of new machines, the company now reduces energy, water, and chemical consumption during … Read the full press release

Serbia Inaugurates First Section of ‘Peace Highway’ Linking Niš and Merdare with EU Support

(IN BRIEF) The first 5.5 km section of the Niš-Merdare highway, also known as the “Peace Highway,” was inaugurated in Serbia. The project, a flagship under the Economic and Investment Plan, aims to halve travel time between Niš and Merdare, … Read the full press release

Holcim Advances Net-Zero Agenda with EU Innovation Fund Support for CCUS Projects

(IN BRIEF) Holcim, a global building materials leader, has secured three grants from the EU Innovation Fund for its breakthrough Carbon Capture Utilization and Storage (CCUS) projects in Belgium, France, and Croatia. These grants support Holcim’s efforts to advance the … Read the full press release

European Union’s Global Gateway Initiative Supports Sustainable Projects in South America

(IN BRIEF) The European Investment Bank (EIB) has announced the signing of multiple loans during the European Union-Community of Latin American and Caribbean States (CELAC) Summit of Heads of State and Government. These loans will provide financing for climate action … Read the full press release

AFME Supports UK Government’s Reforms Allowing Flexibility in Investment Research Payments

(IN BRIEF) The Association for Financial Markets in Europe (AFME) has welcomed the UK Government’s Mansion House reforms, particularly the optionality provided for paying for investment research. The reforms allow clients to choose how they pay for research, whether bundled … Read the full press release

European Investment Bank Expands Presence in Mauritania through Collaboration with BMI to Support SMEs and Mid-Caps

(IN BRIEF) Banque Mauritanienne de l’Investissement (BMI) and the European Investment Bank (EIB) have signed a memorandum of understanding to provide support to small and medium-sized enterprises (SMEs) and mid-caps in Mauritania. The partnership, under the new 2023-2027 agreement between … Read the full press release

Busworld 2023: VDL Bus & Coach Leading the Way in Sustainable Mobility Solutions

(IN BRIEF) VDL Bus & Coach will participate in Busworld 2023, Europe’s largest bus and coach trade fair, showcasing its commitment to sustainable mobility. The event will be held in Brussels from October 7 to 12, under the theme ‘Experience … Read the full press release

EIF Provides €3 Million Loan to Patria Credit to Expand Access to Finance for Romanian Micro-Farms

(IN BRIEF) The European Investment Fund (EIF) has signed a €3 million subordinated loan agreement with Patria Credit IFN to support micro-farms and expand access to finance in Romania. The transaction, backed by InvestEU, aims to help Patria Credit reach … Read the full press release

Vodafone Spain and SEMI Secure €25.5 Million Contract to Provide 5G Coverage for High-Speed Train Routes

(IN BRIEF) Vodafone Spain and SEMI have been awarded a €25.5 million contract by ADIF to provide reliable 5G coverage for high-speed train routes in Spain. The project, part of the European Union’s Recovery and Resilience Facility, aims to enhance … Read the full press release

Moldovan Railways Secures €23 Million Loan from EBRD for Key Rail Corridor Upgrade

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €23 million loan to Moldovan Railways to support the rehabilitation of two critical sections of railway lines on Moldova’s North-South Rail Corridor. The project aims to enhance … Read the full press release

BNP Paribas Drives Positive Change in the EU with Impact Bonds Initiative

(IN BRIEF) BNP Paribas, in collaboration with Banque des Territoires and the European Investment Fund (EIF), has launched a new marketplace initiative called the BNP Paribas European Impact Bonds Fund 2. This fund aims to support the expansion of Impact … 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

Ukrainian Railways Secures €200 Million Loan from EBRD for Cross-Border Rail Enhancements

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted a €200 million loan to Ukrainian Railways (Ukrzaliznytsya or UZ) to upgrade railway connections with the European Union. This loan aims to improve cross-border capacity and enhance railway … 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