This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, amendments to a State aid scheme to support the deployment of very high capacity broadband networks offering Gigabit speeds in Germany. The scheme was originally approved in November 2020 and was set to expire […]Commission approves amendment to German State aid scheme to support deployment of Gigabit networks
July 23, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has approved, under EU State aid rules, amendments to a State aid scheme to support the deployment of very high capacity broadband networks offering Gigabit speeds in Germany. The scheme was originally approved in November 2020 and was set to expire […]Spain: EIB and the Regional Government of Galicia sign €300 million loan agreement to finance investments in education, innovation, energy transition, social services, and digitalisation
July 22, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) has signed a loan for €300 million for the Regional Government of Galicia in Spain (Xunta de Galicia) to co-finance investments in education, sustainability, the energy transition, social services, and digitalisation in the region. The credit is the first tranche of a […]EIB provides €22 million to expand University of Camerino campus
July 18, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and the University of Camerino have signed a €22 million finance contract with the main goals of supporting the expansion, renovation and modernisation of the university’s campus, bringing it into line with the highest teaching, research and environmental sustainability standards. In concrete […]Haiti: Displaced women face ‘unprecedented’ level of insecurity and sexual violence
July 18, 2024 by Leave a Comment
This article is published in association with United Nations. Instability in Haiti is fuelling a spike in sexual violence against women and girls as armed gangs continue their assault on the population, the UN agency championing gender equality said on Wednesday. A new report by UN Women reveals the dire living conditions and lack of security […]€400 million European Investment Bank backing for water security and climate adaptation across Jordan
July 18, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank has confirmed its largest water financing in Jordan to improve water availability, security and sustainability across the country and increase access to water supply, improve sanitation and reduce water losses. The €400 million 30-year loan, backed by a European Union guarantee, was […]EIB Board of Directors backs €8.4 billion of new financing for housing, education, energy, water and business investment
July 18, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The Board of Directors of the European Investment Bank (EIB) today approved €8.4 billion of new financing to build homes and schools, harness renewable energy, upgrade water, transport and communications networks and bolster business innovation and growth in Europe and around the world. “Today we approved […]EBRD invests in Polish sports e-tailer R-Gol
July 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 investing €20 million in Poland’s leading football merchandise e-retailer, R-Gol, together with private equity fund Innova/7, in which the EBRD is also a limited partner. The EBRD’s investment, as part of a €51.9 million equity round, will […]EIB: New agreement signed to provide additional €2 billion to back the reconstruction of areas hit by central Italian earthquake
July 17, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is further bolstering its commitment to back reconstruction and safety work in the central Italian regions hit by the 2016 and 2017 earthquakes, announcing the approval of a new €2 billion financing package. The project agreement – guaranteeing that these additional funds […]Polarised Security Council debates meaning of multilateralism
July 17, 2024 by Leave a Comment
This article is published in association with United Nations. The current polarised international political landscape was on raw display at the United Nations Security Council on Tuesday, as it convened for the Russian presidency’s signature event for the month, Multilateral cooperation in the interest of a more just, democratic and sustainable world order. Russian Foreign Minister […]Global Growth Steady Amid Slowing Disinflation and Rising Policy Uncertainty
July 17, 2024 by Leave a Comment
This article is published in association with IMF. Major economies are becoming more aligned, but the world’s medium-term prospects remain weak Pierre-Olivier Gourinchas July 16, 2024 Our global growth projections are unchanged at 3.2 percent this year and slightly higher at 3.3 percent for next year, but there have been notable developments beneath the surface since […]Gaza: Fresh airstrikes reported in centre, south, as conflict intensifies
July 16, 2024 by Leave a Comment
This article is published in association with United Nations. New Israeli airstrikes reportedly struck southern and central areas of Gaza on Monday as UN humanitarians and partners continued to treat the victims of a deadly strike on Al Mawasi in southwest Gaza on Saturday that reportedly left at least 90 dead and around 300 injured. In […]EIB invests €490 million with ICF to finance the construction of affordable and energy-efficient homes in Catalonia
July 16, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Institut Català de Finances (ICF) have signed a €163 million loan to finance the construction of affordable rental housing with high energy efficiency standards in Catalonia, Spain. This is the first tranche of a total loan of €490 million backed by the […]Equity, Diversity, and Inclusivity: The CARE Approach to Meaningful Migration Dialogue
July 11, 2024 by 2 Comments
This article was exclusively written for The European Sting by Mr. Pratik Sarangi, a medical student at Vardhman Mahavir Medical College, New Delhi, India. He is affiliated with the International Federation of Medical Students Associations (IFMSA), cordial partner of The Sting. The opinions expressed in this piece belong strictly to the writer and do not necessarily reflect IFMSA’s […]EBRD and FATEN boost support to small businesses in the West Bank
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) is intensifying its support for micro, small and medium-sized enterprises (MSMEs) in the West Bank and Gaza, with a US$ 5 million (€4.7 million) loan to microfinance institution the Palestine for Credit and Development (FATEN).The facility will enable […]UN envoy highlights alarming violence and neglected humanitarian crisis in DR Congo
July 9, 2024 by Leave a Comment
This article is published in association with United Nations. The security situation in eastern Democratic Republic of the Congo (DRC) has resulted in alarming levels of violence and widespread civilian displacement, the UN envoy for the country reported on Monday. Special Representative of the Secretary-General, Bintou Keita, informed the Security Council of an attack on the […]Europe’s innovation performance steadily improving but at different speeds between Member States
July 9, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The innovation performance of the European Union continues to improve at a steady pace, reaching a 10% increase since 2017 and a growth of 0.5% between 2023 and 2024. According to the 2024 edition of the European Innovation Scoreboard (EIS) published today, most EU […]Time running short as 2030 deadline looms for UN blueprint for a fairer future
July 8, 2024 by Leave a Comment
This article is published in association with United Nations. How can we get closer to achieving UN Member States’ detailed plans to make the world a better place within the next six years? A two-week event starting on 8 July at UN Headquarters will attempt to answer that crucial question. The 2024 High-level Political Forum on […]Several Ukrainian cities hit in new wave of Russia missile attacks
July 8, 2024 by Leave a Comment
This article is published in association with United Nations. Ukrainian cities faced another barrage of missiles fired by Russian forces on Monday with dozens killed and a children’s hospital among the targets, UN humanitarians have said. Condemning the daytime attacks, the UN’s top aid coordinator in Ukraine, Denise Brown, said that several cities were targeted, including […]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) […]UN chief to leaders of regional bloc: end wars, deal with existential crises
July 5, 2024 by Leave a Comment
This article is published in association with United Nations. Deep global divisions and conflicts must end to clear a path to tackling world’s two existential threats: climate change and the negative impacts of the artificial intelligence (AI) boom, UN chief António Guterres told the Shanghai Cooperation Organization (SCO) Summit in Astana on Thursday. “The central goal […]Italy: From the EIB €100 million to Snam to support energy efficiency
July 3, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Snam have signed a financing agreement for €100 million to support energy improvement projects in public buildings and energy efficiency measures for industrial activities. The framework financing agreement can be used in several tranches over three years. Each tranche will […]Going back into ‘hell’: An aid worker’s journey through shattered Gaza
July 1, 2024 by Leave a Comment
This article is published in association with United Nations. Over and above the difficulty of actually getting into Gaza, aid teams now face the crushing realization that with a shortage of fuel and dwindling supplies, there is a limit to what they can do to help all those in need, UN aid worker Louise Wateridge told […]Czech e-grocery business Rohlik gets €90 million EIB loan for growth
July 1, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is lending €90 million to Rohlik, a leading Czech e-grocery business that operates across central and eastern Europe, to bolster the company’s digital advances and growth prospects. Rohlik plans to use the EIB credit to deploy advanced digital technologies and expand […]Romania: Banca Transilvania signs its first synthetic securitisation, supporting new lending to SMEs and mid-caps
July 1, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank Group (EIB Group), comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has strengthened the long-term co-operation with Banca Transilvania (BT) by approving a synthetic securitisation and new lending commitments. The landmark transaction is BT’s first securitisation transaction and […]Commission provides new evidence for approach to R&I for a more competitive Europe
June 28, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has published the 2024 edition of the Science, Research and Innovation (R&I) Performance report (SRIP). Over the past two decades, there has been an increase in EU investments in R&I which has contributed to the EU’s competitiveness in green tech especially, […]Greener food, fuel and chemical production in Europe boosted by EIB, European Commission and Breakthrough Energy Catalyst support for groundbreaking energy- storage project
June 27, 2024 by Leave a Comment
This article is published in association with European Investment Bank. More climate-friendly production of foods, clean fuels and chemicals in Europe is receiving a boost from the EU-Catalyst partnership, a joint initiative by the European Investment Bank (EIB), the European Commission and Breakthrough Energy Catalyst. Energy equipment manufacturer Rondo Energy is receiving €75 million through grants […]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 […]UN chief warns of ‘cyber mercenaries’ amid spike in weaponising digital tools
June 21, 2024 by Leave a Comment
This article is published in association with United Nations. At a Security Council high-level debate on evolving threats in cyberspace, convened by the Republic of Korea, Council President for June, Mr. Guterres underscored the transformative power of digital technologies. “Breakthroughs in digital technologies are happening at warp speed; digital advances are revolutionising economies and societies,” he […]First Net-Zero Academy to train 100,000 workers in the EU solar photovoltaic value chain
June 21, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has launched the European Solar Academy, the first in a series of EU Academies to be set up under the Net-Zero Industry Act (NZIA) to have in place the necessary skills along the net-zero technologies value chains. The role of NZIA […]Team Europe announces over €750 million to the African Vaccines Manufacturing Accelerator
June 20, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Union and its Member States announced that they will contribute over €750 million (more than $800 million), including close to €220 million ($233 million) from the EU budget, to the African Vaccines Manufacturing Accelerator (AVMA) launched today in Paris. Through this innovative […]Commission decides to register two new European Citizens’ Initiatives
June 20, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the European Commission decided to register two European Citizens’ Initiatives, entitled ‘Air-Quotas’ and ‘Stop Destroying Videogames’. The ‘Air-Quotas’ initiative calls for the Commission to establish a citizens’ carbon quota mechanism in each country that will encourage businesses to decarbonise through consumer demand. The […]World News in Brief: Women doing ‘inspirational’ work in Gaza, huge increase in Haiti displacement, Uyghur rights in China
June 20, 2024 by Leave a Comment
This article is published in association with United Nations. UN aid coordination office OCHA said on Wednesday that Gazans continue to be displaced due to active fighting and bombardment. Briefing journalists in New York, Deputy UN Spokesperson Farhan Haq said that agency assisting Palestine refugee (UNRWA) estimates that only 65,000 people remain in Rafah, compared to […]China’s 5G market is set to add almost $260 billion to the Chinese economy in 2030 with connections set to top 1 billion this year
June 19, 2024 by Leave a Comment
This article is published in association with GSMA. At the Post-MWC Sharing Event in Beijing, leaders from the GSMA contextualised the significant role the mobile industry already plays in China’s economy 26 March 2024, Beijing: Ahead of the GSMA’s Post MWC Sharing Event in Beijing, the GSMA has launched the Mobile Economy China 2024 report. The […]
