This article is brought to you in association with the European Commission. The European Commission has today raised €9 billion of EU-Bonds in its 7th syndicated transaction for 2024. The dual-tranche transaction concerned a new €5 billion bond due on 5 October 2029, and a €4 billion tap of the EU-Bond maturing on 5 October 2054. […]European Commission issues €9 billion in its 7th syndicated transaction of 2024
July 10, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has today raised €9 billion of EU-Bonds in its 7th syndicated transaction for 2024. The dual-tranche transaction concerned a new €5 billion bond due on 5 October 2029, and a €4 billion tap of the EU-Bond maturing on 5 October 2054. […]EBRD and Banca Intesa Beograd sign financing package of €72 million
July 9, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has signed a financing package of €72 million with Banca Intesa Beograd that aims to boost the competitiveness and trade potential of businesses in Serbia, as well as further the country’s green transition and promote financial inclusion. The […]Tanzania: Global Gateway – Businesses to Benefit from EU Grant to Boost EIB Global Credit Lines to Local Banks
July 9, 2024 by 1 Comment
This article is published in association with European Investment Bank. The European Investment Bank Vice-President, Mr. Thomas Östros, and the Deputy Ambassador of the European Union to Tanzania, Mr. Emilio Rossetti, have today signed a statement of intent to blend a grant of 15 million EUR (43 billion TZS) from the European Union with 350 million […]Bad debts remain stable in emerging Europe despite macro-financial pressure
July 5, 2024 by Leave a Comment
This article is brought to you in association with EBRD. Bad debts remain stable in the European Bank for Reconstruction and Development’s (EBRD) European markets, despite external pressure from macroeconomic uncertainty and geopolitical tensions over the past year, according to the new edition of the NPL Monitor, published today. The latest data suggest that the non-performing loan (NPL) […]EBRD, Switzerland and EU assess effects of the war on SMEs in Ukraine
July 4, 2024 by Leave a Comment
This article is brought to you in association with EBRD. After two years of full-scale war, a majority of Ukrainian small and medium-sized enterprises (SMEs) surveyed for a study published by the European Bank for Reconstruction and Development (EBRD) have managed to stabilise their operations, demonstrating remarkable adaptivity to wartime conditions. The survey indicates that 85 […]EBRD announces settlement with Chinese construction company CGGC
July 4, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has announced a 35-month sanction of the Chinese construction company China Gezhouba Group Company Limited (CGGC) and its 212 subsidiaries, in connection with fraudulent practice relating to the project Corridor VC – Tunnel Prenj in Bosnia and Herzegovina. […]EIB and Banca Etica provide over €165 million to support gender equality, refugee inclusion and development in southern Italy
July 2, 2024 by Leave a Comment
This article is published in association with European Investment Bank. European Investment Bank (EIB) Vice-President Gelsomina Vigliotti and Banca Etica President Anna Fasano have signed a €60 million agreement with the main goals of promoting labour market integration and better services for refugees, making it easier for women-led companies to access finance and supporting projects in cohesion […]EIB Global supports SPE’s USD 350m investment in North African growth companies
July 2, 2024 by Leave a Comment
This article is published in association with European Investment Bank. At the EU-Egypt Investment Conference in Cairo the European Investment Bank today confirmed support for a new USD 350 million regional private sector investment fund managed by SPE Capital. The fund is expected to unlock large-scale equity investments in high-growth private companies operating in sectors such […]Austria: voestalpine to receive €300 million EIB loan for research and development of green steel production
July 1, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is providing a loan of €300 million to voestalpine AG, Europe’s third largest steelmaker. The financing will be used for the company’s research and development (R&D) programme over a period of four years, with the goal to optimise manufacturing processes, increase […]UN rights chief calls time on ‘economic violence’ against women and girls
July 1, 2024 by Leave a Comment
This article is published in association with United Nations. On Friday, at the UN Human Rights Council’s (OHCHR) first panel for the annual full-day discussion on women’s rights, The UN human rights chief Volker Türk on Friday told a Human Rights Council panel that it’s time to eliminate laws and practices that contribute to “economic violence” […]First EBRD loan to Türkiye’s cement sector to boost low-carbon investments
June 27, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is providing a €25 million loan to Türkiye’s Cimsa to finance the company’s decarbonisation investment programme. The proceeds of the loan will finance the installation of a solar power plant, a waste heat recovery plant, a new silo […]Convergence Report reviews Member States’ progress towards joining the euro area
June 27, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the European Commission has published the 2024 Convergence Report in which it provides its assessment of the progress non-euro area Member States have made towards adopting the euro. The report covers the six non-euro area Member States that are legally committed to adopting […]The European Commission to issue €65 billion in long-term EU-Bonds in the second half of 2024
June 26, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission announced yesterday its intention to issue up to €65 billion of EU-Bonds in the second half of 2024 (H2). The plan for H2 2024 builds on the strong start in the first half of 2024, when close to €75 billion worth […]Central, Eastern and South-Eastern European banks report strengthening loan demand and improving profitability
June 25, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank today published the latest results of the Central, Eastern and South-Eastern Europe (CESEE) Bank Lending Survey, which provides in-depth analysis of credit dynamics and banking sector developments across 12 countries in the region. The survey points to a positive outlook for lending […]EIB bolsters EU defence with support for Danish seaport expansion
June 25, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is lending €115 million to expand the Danish Port of Esbjerg in a way that will serve military vessels, enhancing European defence. The investment loan will also bolster Europe’s position in the renewable energy market because Esbjerg, located in western Denmark […]Spain: EIB signs €100 million loan with Government of Catalonia to renovate and build public education facilities
June 25, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) signed a €100 million loan with the Government of Catalonia in Spain for the renovation and expansion of existing public education facilities and the construction of new schools. The investment will have an impact on all levels of Catalan public education below […]Global foreign investment declines for second year as geopolitical tensions rise, UN trade body reports
June 21, 2024 by Leave a Comment
This article is published in association with United Nations. Foreign direct investment (FDI) fell by two per cent to $1.3 trillion in 2023 amid global economic slowdown and rising geopolitical tensions, according to a report released on Thursday by the UN trade and development body, UNCTAD. The 2024 World Investment Report highlighted that insufficient funding is hindering […]Central Bank Digital Currencies Can Boost Middle East’s Financial Inclusion, Payment Efficiency
June 19, 2024 by Leave a Comment
This article is published in association with IMF. Serpil Bouza, Marcello Miccoli, Borislava Mircheva Almost two-thirds of countries in the Middle East and Central Asia are exploring adopting a central bank digital currency as a way to promote financial inclusion and improve the efficiency of cross-border payments. Adopting a CBDC, however, requires careful consideration. Countries across […]European Semester Spring Package provides policy guidance to enhance the EU’s competitiveness and resilience, and maintain sound public finances
June 19, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission is today providing policy guidance to Member States under the 2024 European Semester Spring Package to build a robust and future-proof economy that secures competitiveness, resilience and long-term prosperity for all, while maintaining sound public finances, in the face of a challenging […]EU Budget 2025 aims to reinforce funding for Europe’s priorities
June 19, 2024 by 1 Comment
This article is brought to you in association with the European Commission. The Commission has today proposed an annual EU budget of €199.7 billion for 2025. The budget will be complemented by an estimated €72 billion of disbursements under NextGenerationEU. This substantial financial envelope will support the EU in meeting its political priorities while integrating the […]Should there be any Limits to Fiscal Transparency?
June 18, 2024 by Leave a Comment
This article is published in association with IMF. Richard Allen Of course there should be, but they are usually ignored. Obvious examples are the potential liability of government in legal cases, or the maximum tolerable wage increase in negotiations with labor unions. There is also a question of potential information overload. The Open Data Charter for […]EBRD lends €15 million to Intesa Sanpaolo Banka
June 17, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is providing funding to Intesa Sanpaolo Banka d.d. Bosnia and Herzegovina consisting of €7 million under the SME Go Green Programme and €8 million under the Go Digital in Bosnia and Herzegovina Programme. These new funds are supported […]EBRD supports landmark MREL eligible bond issuance in Western Balkans
June 14, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is investing RSD 2.3 billiion (equivalent €19.6 million) in the debut issuance of debt securities in Serbia of Raiffeisen Banka ad Beograd, marking the first issuance in the Western Balkans of debt that meets the requirements for […]Policy Challenges and Bringing Down Public Debt
June 11, 2024 by Leave a Comment
This article is published in association with IMF. Opening Remarks by Deputy Managing Director Kenji Okamuraat the Fiscal Policy and Sovereign Debt Conference Good morning and welcome to our conference on “Fiscal Policy and Sovereign Debt.” I would like to begin by thanking our co-hosts: the Center for Advanced Research in Finance at the University […]Dollar Dominance in the International Reserve System: An Update
June 11, 2024 by Leave a Comment
This article is published in association with IMF. The US dollar continues to cede ground to nontraditional currencies in global foreign exchange reserves, but it remains the preeminent reserve currency Serkan Arslanalp, Barry Eichengreen , Chima Simpson-Bell Dollar dominance—the outsized role of the US dollar in the world economy—has been brought into focus recently as […]Women are poised to reshape financial markets —as investors and financial decision-makers
June 10, 2024 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Stephanie Choi, Sustainable and Impact Investing Strategist, Global Wealth Management Chief Inve, UBS, Claudia Ukonu, Growth Lead, UpLink, World Economic Forum, Christine Yu, Co-Founder, Sophia It’s time we reflect on the role women play in shaping financial markets […]European Central Bank cuts interest rates, and other economics stories to read this week
June 10, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. 1. European Central Bank cuts interest rates The European Central Bank (ECB) has cut interest rates by 25 basis points, lowering its deposit rate to 3.75%. This had been at a record high and saw the ECB joining the likes of Canada, Sweden and […]Digitalization is disrupting global trade – here’s how AI can help customs and businesses to respond
June 6, 2024 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Sebastian Klotz, Manager, Tax and Legal Technology Team, PwC Switzerland, Steve Barr, Global Director, Industry Digital Strategy, Microsoft, Jimena Sotelo, Lead, TradeTech, World Economic Forum Global trade has evolved remarkably in recent decades. Not only has the volume of cross-border trade […]TradeTech is revolutionizing global trade
June 6, 2024 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Technology driving impact on trade. Technology is playing a pivotal role in reducing trade friction. During COVID-19, technological advances – such as e-commerce, digital payments, cloud computing, the Internet of Things (IoT) and 5G – significantly disrupted international commerce. […]Why investing in nature makes ecological and economic sense
June 5, 2024 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Razan Al Mubarak, President of IUCN and United Nations Climate Change High-Level Champion for COP28, United Nations Nature is our lifeline. Our forests and the ocean are the lungs of the planet, not only regulating our climate but […]9 ways national security and economic cooperation are evolving
June 4, 2024 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Simon Lacey, Head, Digital Trade and Geopolitics, World Economic Forum, Don Rodney Junio, Project Lead, Digital Trade, World Economic Forum Rising geopolitical tensions and efforts to pursue de-risking have seen national security assume a more prominent place in […]‘Cautious optimism’: Here’s what chief economists think about the state of the global economy
May 29, 2024 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Aengus Collins, Head, Economic Growth, Revival and Transformation, World Economic Forum, Kateryna Karunska, Insight Lead, Economic Growth, Revival and Transformation., World Economic Forum Despite geopolitical tensions and lingering economic headwinds, the outlook for the global economy is improving. […]What is needed for inclusive and sustainable global economic growth? Four leaders share their thoughts
May 27, 2024 by Leave a Comment
This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Liam Coleman, Senior Writer, Formative Content The ubiquitous nature of global warming means a just energy transition is essential. But how do we balance that need for decarbonization alongside the need for growth? That was a key discussion […]
