Tag Archives: SMEs

EBRD Supports Albania’s Agribusiness and Tourism Sectors with €2 Million Loan to Union Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to €2 million to Union Bank to bolster financing in Albania’s agribusiness and tourism sectors, essential for the country’s economic growth. Union Bank becomes … Read the full press release

EIF Invests €40 Million in Blume Equity to Boost European Climate Tech Startups

(IN BRIEF) The European Investment Fund (EIF) is injecting €40 million into Blume Equity, a leading European climate tech growth fund, with support from the InvestEU program. This investment, one of EIF’s largest in a first-time growth-stage fund, aims to … Read the full press release

EIB and Deutsche Bank Forge €600 Million Agreement to Bolster Italian SMEs and Mid-Caps

(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release

EIB and Deutsche Bank Collaborate to Inject €600 Million into Italian SMEs and Mid-Caps

(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release

EIF and Arbevel Partner to Provide €72 Million Boost for SMEs and Sustainability through InvestEU

(IN BRIEF) The European Investment Fund (EIF) backed by the InvestEU program has partnered with Arbevel to provide a portfolio guarantee of up to €72 million in financing for SMEs and lower mid-caps. This agreement encompasses three InvestEU windows: “Innovation … Read the full press release

CapMan Infra Expands Northern European Data Centre Platform with Investment in Fuzion

(IN BRIEF) CapMan Infra has made an investment in Fuzion, a Danish data centre colocation provider, marking the company’s second move in creating a northern European data centre platform following its acquisition of Serverius in May 2023. Fuzion, known for … Read the full press release

NatWest Survey Reveals Positive Outlook Among SME Law Firms Despite Margin Pressures

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) A newly released legal benchmarking survey commissioned by NatWest reveals that 9 out of 10 small to medium-sized (SME) law firms are optimistic about their financial performance in the upcoming year. NatWest’s ninth Legal Report analyzes the financial … Read the full press release

UK SMEs Poised to Drive Employment Growth: Expected to Hire 3.5 Million People This Quarter

(IN BRIEF) UK small and medium-sized businesses (SMEs) are expected to contribute to significant employment growth this quarter, with the potential to hire up to 3.5 million people. This positive projection is based on data from the Barclays Business Barometer, … Read the full press release

University of Bristol Leads £1.8 Million Initiative to Boost Innovation in Small Financial Services Firms

(IN BRIEF) The University of Bristol is spearheading a pioneering £1.8 million program, called Future Finance for All, aimed at accelerating innovation adoption in small and medium-sized enterprises (SMEs) and mid-tier financial services firms. Backed by Innovate UK and the … Read the full press release

EIB Group’s €360 Million ABS Investment to Drive Green Projects and Support Spanish Businesses

(IN BRIEF) The EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), has invested €360 million in a new asset-backed securities (ABS) issuance with Banco Santander. The investment will support working capital and liquidity needs … Read the full press release

German Financial Institutions Cautious in Loan Negotiations with Corporate Customers, KfW ifo Indicator Shows

(IN BRIEF) The KfW ifo Credit Constraint Indicator for Germany shows that financial institutions responded more cautiously to loan applications from corporate customers in the second quarter after easing credit access in the first quarter. Among SMEs, 25.6% experienced restrictive … Read the full press release

EBRD Launches Youth in Business Programme in Albania, Aims to Empower Young Entrepreneurs for Financial Inclusion

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is launching its Youth in Business Programme in Albania, aimed at supporting young entrepreneurs’ financial inclusion. The program will provide a €1 million loan to Union Bank for lending to … Read the full press release

University of York and FSB Launch Research Project to Empower Female Entrepreneurs

(IN BRIEF) The University of York and the Federation of Small Businesses (FSB) have initiated a research project aimed at understanding the impact of female business owners and entrepreneurs on the regional and national economy. The study will examine the … Read the full press release

EIF and Banco Santander Partner to Support SMEs with €200 Million Guarantee for Green and Digital Innovations

(IN BRIEF) The European Investment Fund (EIF) and Banco Santander have signed an InvestEU portfolio guarantee agreement worth €200 million to support small and medium-sized enterprises (SMEs) and small mid-caps in Spain and other EU countries. With this guarantee, Banco … Read the full press release

EBRD Expands Support to Ukraine’s KredoBank with €25 Million Guarantee Facility for Critical Industries and Food Security

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is expanding its cooperation with KredoBank, a subsidiary of PKO Bank Polski, to support food security and critical industries in wartime Ukraine. The EBRD provides a €25 million guarantee facility … Read the full press release

EIF and SG Equipment Finance Collaborate to Boost Digital Transition for Czech and Slovak Companies with €25 Million Investment

(IN BRIEF) The European Investment Fund (EIF) has signed a portfolio guarantee with SG Equipment Finance to support up to €25 million in new lending for innovative SMEs and small Mid-Caps in Czechia and Slovakia. The financing, backed by the … Read the full press release

Allianz Unifies Global Commercial Insurance Business as ‘Allianz Commercial,’ Introduces New Regional Structure

Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) Allianz Global Corporate & Specialty (AGCS) and the commercial insurance businesses of local Allianz entities will now trade under the name “Allianz Commercial” as a single go-to-market business. This new global model offers insurance solutions for mid-sized businesses, … Read the full press release

Luxembourg Increases Pledge to Financial Inclusion Fund, Expanding Support for Vulnerable Groups

(IN BRIEF) Luxembourg has pledged an additional €4.8 million to the EIB Global’s Financial Inclusion Fund, bringing the fund’s total size to €11.5 million. The fund supports financial service providers that focus on vulnerable groups in African, Caribbean, and Pacific … 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

EIB Global and Development Bank of North Macedonia (DBNM) Partner to Drive Green Transition in North Macedonian SMEs with €100 Million Investment

(IN BRIEF) The European Investment Bank (EIB) Global and the Development Bank of North Macedonia (DBNM) have joined forces to unlock €100 million of EU investment aimed at promoting the green transformation of small and medium-sized enterprises (SMEs) in North … Read the full press release