Tag Archives: SMEs

ING to invest £5 million in the UK fintech Funding Options

ING has invested £5 million in Funding Options, the UK fintech company that offers a marketplace for lending to SMEs. AMSTERDAM, 20-Sep-2018 — /EuropaWire/ — The investment gives ING a minority interest in the platform. Funding Options is keen to use … Read the full press release

KfW-ifo SME Barometer: German SMEs optimistic about the future despite recent truce in the trade conflict between US and EU

Business sentiment of small and medium-sized enterprises continues to improve Large enterprises are also more optimistic Robust upswing, but many risks remain Frankfurt am Main, 11-Sep-2018 — /EuropaWire/ — With the recent truce in the trade conflict between the US and … Read the full press release

KfW SME Panel: number of trainees and apprentices across Germany grew in 2017 for the first time in six years

High demand for labour has led to first increase in traineeships and apprenticeships since 2011 Around 90% of trainees and apprentices undergo training in small and medium-sized enterprises Women choose other training occupations than men – and are paid less … Read the full press release

Mono Solutions announce a new partnership with PA DIGITAL, the leading provider of digital services for small businesses in Spain

COPENHAGEN, 01-Aug-2018 — /EuropaWire/ — Mono Solutions is proud to announce a new partnership with the leading provider of digital services for small businesses in Spain, PA DIGITAL. The partnership allows PA Digital to deliver modern websites and additional digital marketing … Read the full press release

Euler Hermes: Sweden’s exporting SMEs can now assess the credit worthiness of potential business partners in 24 European countries

Credable, a Swedish insurtech start-up which is part of Euler Hermes, offers an innovative new service: invoice insurance for SMEs, based on traditional trade credit insurance. Credable is now providing cover for Swedish SMEs in 24 European countries. In line … Read the full press release

Kuehne + Nagel Integrated Logistics launches scalable and efficient supply chain management solution with faster time-to-value and a revolutionary pricing model for SMEs

Multi-modal management of the entire supply chain Based on the global Kuehne + Nagel Integrated Logistics leading solution Focus on industrial, consumer and high-tech industries Schindellegi, Switzerland, 08-Jun-2018 — /EuropaWire/ — Due to an increasing demand of cost-efficient transportation management solutions from … Read the full press release

CONDA ICO: Whitelisting phase started as of April 1st

On Easter Sunday, April 1st 2018, Austrian crowdfincancing platform CONDA began the whitelisting phase of its Initial Coin Offering (ICO). Moving forward, interested parties can register online, even before the official start of the crowd sale. VIENNA, 10-Apr-2018 — /EuropaWire/ … Read the full press release

University of York: SMEs in York, North Yorkshire and East Riding can apply for EU grants to help them innovate

A funding scheme managed by the University of York has awarded grants totalling more than half a million pounds – resulting in the creation of 18 jobs. YORK, 30-Mar-2018 — /EuropaWire/ — Small to medium sized businesses in York, North Yorkshire … Read the full press release

Centrica launches online-only electricity service for SMEs

Centrica ramps up competition by launching its first low cost, online-only electricity product for SMEs WINDSOR, 15-Feb-2018 — /EuropaWire/ — Centrica has launched British Gas Lite – a new electricity service that supplies smart meters and is entirely online. Centrica identified … Read the full press release

Dutch development bank FMO to support Argentina’s micro and small-to-medium sized enterprises (MSMEs)

THE HAGUE, 16-Jan-2018 — /EuropaWire/ — Banco Comafi has received a US$20 million investment from the Dutch development bank FMO to support Argentina’s new business sector in line with pro-market reforms implemented by the country’s elected government. The bank is the first Argentinian lender … Read the full press release

FMO, OFID and OeEB sign USD 67.5 million syndicated loan to Lebanon and Gulf Bank (LGB BANK) for SMEs

THE HAGUE, 02-Jan-2018 — /EuropaWire/ — The three development banks signed a USD 67.5 million loan to Lebanon and Gulf Bank (LGB BANK). In addition to the USD 32.5 million provided by FMO, OFID (the OPEC Fund for International Development) … Read the full press release

EBN: Startups and SMEs in green economy, smart cities, social inclusivity invited to apply for HORIZON 2020 SME INSTRUMENT

BRUSSELS, 18-Oct-2017 — /EuropaWire/ — SMEs and startups both in the early stage of development (Phase 1) and more mature ones (Phase 2), working in the field of green economy, smart cities, social inclusivity and others,  are invited to apply to HORIZON … Read the full press release

KfW Group: Providing junior employees with vocational training is vital to the survival of SMEs

SMEs provide training for 1.2 million apprentices and trainees – 90% of total Training intensity varies across states – Rhineland-Palatinate and Saarland are leaders Microenterprises have few trainees or apprentices Frankfurt am Main, 31-Aug-2017 — /EuropaWire/ — The number of trainees … Read the full press release

EBRD on talks with Uzbekistan government on ways of increasing its engagement in the country

Discussions with government on ways to increase EBRD engagement in the country LONDON, 15-Mar-2017 — /EuropaWire/ — An EBRD delegation, headed by President Suma Chakrabarti, will visit Uzbekistan on 15-17 March 2017. The visit will include high-level meetings with the authorities … Read the full press release

Airbus calls on SMEs, start-ups, entrepreneurs and students for the “Enter the SpaceDataHighway” challenge

Aims to foster innovation for its brand-new laser-based space communication system Winner will be awarded €75,000 investment and will get support of Airbus BizLab TOULOUSE, 17-Jan-2017 — /EuropaWire/ — Transmitting large volumes of data in near real time through space at … Read the full press release

SMEs in Germany optimistic about 2017 – KfW-ifo SME Barometer

Confidence rises among SMEs and large enterprises Domestic demand remains sound as companies hope for a recovery of export markets Upswing will enter fourth year under difficult conditions FRANKFURT AM MAIN, 29-Dec-2016 — /EuropaWire/ — Small and medium-sized enterprises in … Read the full press release

KfW SME Panel: Number of trainees at SMEs has remained relatively stable at 1.2 million

FRANKFURT AM MAIN, 30-Aug-2016 — /EuropaWire/ — Nine out of ten apprentices train in mid-sized companies SMEs are bucking the trend and keeping their trainee numbers constant at around 1.2 million Manual trades are particularly popular Refugees are reason behind first … Read the full press release

KfW-ifo SME Barometer: SMEs enter the new year with a slight deterioration in sentiment

SME sentiment declines towards the end of the year Retail dissatisfied with Christmas business Large enterprises close 2015 in highest spirits Frankfurt am Main, 29-12-2015 — /EuropaWire/ — The SMEs enter the new year with a slight deterioration in sentiment, according to … Read the full press release

Lloyds Bank Commercial Banking research: SMEs believe future success relies on their ability to recruit so-called millennials

Almost nine in ten SMEs say ‘future growth relies on millennials’ Millennials will turn down job if culture isn’t right, even if money is good Businesses are investing 15 per cent of annual turnover to recruit millennials They need mentoring … Read the full press release

Aviva research: SMEs fail to make use of expert advice when setting up their business

Only 9% consult legal advisers while 13% use IFAs One in ten not sure whether they need to enrol their staff into a workplace pension A quarter of SMEs don’t know employers’ liability insurance is legally required once they have … Read the full press release

Heathrow and Asia House expanded their series of guides designed to help SMEs trade with Asia

London, UK, 10-1-2014 — /EuropaWire/ — Heathrow and Asia House have expanded their series of tailored guides designed to help SMEs trade with Asia. The series now includes Azerbaijan, Kazakhstan, Malaysia, Mongolia, Myanmar (Burma), Pakistan, The Philippines and Turkey, and follows … Read the full press release

European Investment Bank (EIB) granted €100 million loan to Banco Popular Portugal to finance SMEs and midcaps in Portugal

Luxembourg, 16-12-2013 — /EuropaWire/ — Building upon a long-standing and fruitful cooperation between the two institutions, the European Investment Bank (EIB) has granted a EUR 100 million loan to Banco Popular Portugal to finance small and medium-sized projects undertaken by SMEs and … Read the full press release

Alba Leasing and EIB signed €95 million loan guaranteed by SACE for new leasing schemes targeting SMEs

Milan, Italy, 05-12-2013 — /EuropaWire/ — Alba Leasing – a major financial leasing company – and the European Investment Bank (EIB) have signed a €95 million loan guaranteed by SACE for supporting new leasing schemes targeting SMEs. These new financial resources will be used to develop Alba Leasing’s business … Read the full press release

Orange Business Services completes the acquisition of consulting firm InovenAltenor

Orange Business Services has just completed the acquisition of consulting firm InovenAltenor. The acquisition confirms Orange Business Services’ ambitions in supporting companies in the strategic domain of digital transformation and the positioning of Orange Consulting, its consulting arm that specializes … Read the full press release

EBRD lends €10 million to Albania’s Credins Bank Sh.A. for SMEs and trade financing

For on-lending to local SMEs and trade financing 28-8-2013 — /EuropaWire/ — The EBRD is providing Albania’s Credins Bank Sh.A. with €10 million in loans for on-lending to local small and medium-sized enterprises and supporting trade finance solutions for clients of the … Read the full press release

Bundesverband der Deutschen Industrie criticizes EP proposal to introduce women’s quota for SMEs

“Out of touch, bureaucratic and harmful for medium-sized businesses”. The BDI criticizes the proposal by the European Parliament to introduce a women’s quota for small and medium-sized businesses. 17-7-2013 — /europawire.eu/ — Holger Lösch, a member of the BDI General Directorate, … Read the full press release

EIB lended EUR 250 million to the Croatian Bank for Reconstruction and Development

12-7-2013 — /europawire.eu/ — The European Investment Bank (EIB) is lending EUR 250 million to the Croatian Bank for Reconstruction and Development (HBOR – Hrvatska banka za obnovu i razvitak) to finance projects promoted by small and medium-sized enterprises (SMEs), mid-cap … Read the full press release

SAP sponsored Oxford Economics’ global study finds SMEs are going global

Oxford Economics’ Global Study Sponsored by SAP Reveals Small and Midsize Firms That Do Business in Six or More Countries Will More Than Double in Three Years WALLDORF, Germany, 3-7-2013 — /europawire.eu/ — SAP AG (NYSE: SAP) and Oxford Economics today announced survey findings by … Read the full press release

President Barroso Statement on his meeting with Prime Minister of Bulgaria Plamen Oresharski

José Manuel Durão Barroso – President of the European Commission Brussels, 24-6-2013 — /europawire.eu/ — Good morning ladies and gentlemen, I would like to warmly welcome Prime Minister Oresharski to the European Commission for the first time. We had an open, frank … Read the full press release

EIB provides $150M loan to Vnesheconombank Russia

24-6-2013 — /europawire.eu/ — The European Investment Bank (EIB) is lending USD 150 million to Vnesheconombank (VEB) to finance its participation in the International Fund to Support Entrepreneurship that is being set up by VEB and KfW. EIB funds will enable … Read the full press release

Russian asphalt producer received loan from NBD Bank under EBRD’s RuSEFF credit line

Russian Sustainable Energy Financing Facility (RuSEFF) boosts businesses and the residential sector 21-6-2013 — /europawire.eu/ — Halving energy costs is one of those achievements that can really make a difference to a small company. One Russian asphalt producer knows this from … Read the full press release

EBRD, Banque Centrale Populaire to support international trade for Moroccan companies

A 50 million US dollar trade finance line with Banque Centrale Populaire 11-6-2013 — /europawire.eu/ — The EBRD is partnering with Banque Centrale Populaire to strengthen bank support for Moroccan companies in terms of international trade so that they can raise … Read the full press release

EIB comits €20 million to the Capital North Africa Venture Fund II

10-6-2013 — /europawire.eu/ — The EIB has committed €20 million to the Capital North Africa Venture Fund II (CNAV II), a Maghreb-focused generalist fund managed by the independent Casablanca-based private equity firm, Capital Invest. CNAV II has reached a first closing … Read the full press release

EIB signs €580 million loan agreement with UniCredit

€400 million for SMEs, €50 million for midcaps, €100 million for the environment and €30 million for Industria 2015 projects Milan, 3-6-2013 — /europawire.eu/ — The European Investment Bank (EIB) and the UniCredit Group have signed four new agreements in Milan to … Read the full press release

Report: EU-funded Eco-innovative SMEs produce above average returns

Brussels, 31-5-2013 — /europawire.eu/ —  Investment in SMEs working in the area of environmentally innovative technologies is producing above average returns, creating valuable jobs and also alleviating environmental impacts, according to a new report. The performance of young SMEs funded over … Read the full press release

Middle East and North Africa (MENA) SME Facility established to expand access to finance for small businesses

Amman, Jordan, 27-5-2013 — /europawire.eu/ — IFC, a member of the World Bank Group, the European Investment Bank (EIB), Agence Française de Développement (AFD), and the European Commission through the  Neighborhood Investment Facility (NIF) are working together to provide funding for … Read the full press release

EBRD opens €150M credit line to provide loans for energy efficiency and renewables, agriculture and female entrepreneurs in Turkey

New EBRD credit line will provide loans for energy efficiency and renewables, agriculture and female entrepreneurs in partnership with Turkey’s largest bank 21-5-2013 — /europawire.eu/ — Turkey relies on small and medium-sized enterprises (SMEs) for 80 per cent of its employment … Read the full press release

EIB signs EUR 300m loan agreement with CaixaBank to finance SMEs and midcaps

Luxembourg, 20-5-2013 — /europawire.eu/ — The European Investment Bank (EIB) has signed a EUR 300 million loan agreement with CaixaBank to finance small and medium-scale investment projects promoted by SMEs (with fewer than 250 employees) and midcaps (companies with up to 3 000 … Read the full press release