This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan of up to €105 million to Serbia, through the Ministry of Finance, to benefit Novosadska Toplana Novi Sad, the district heating company of Novi Sad. The project is expected to be co-financed by an […]EBRD lends up to €105 million to Serbia to decarbonise district heating
December 31, 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 sovereign loan of up to €105 million to Serbia, through the Ministry of Finance, to benefit Novosadska Toplana Novi Sad, the district heating company of Novi Sad. The project is expected to be co-financed by an […]UN support continues in Syria and Lebanon
December 31, 2024 by Leave a Comment
This article is published in association with United Nations. The UN Special Envoy for Syria continues to uphold the need for a Syrian-led transition in his ongoing talks on the way forward for the country. Geir Pedersen has been meeting with French, German and Russian authorities, the UN reported on Monday, which includes engagement with Russian […]EIB provides €86 million to protect Ukraine’s energy infrastructure from Russian attacks
December 27, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) has directed €86 million, backed by EU guarantees, to Ukrenergo, Ukraine’s national electricity transmission system operator, to support the physical protection of Ukraine’s critical energy infrastructure. This funding – provided under the EIB’s Ukraine Solidarity Urgent Response Package developed in cooperation with […]European household appliance maker Electrolux Group gets €200 million EIB loan for greener goods
December 27, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is lending €200 million to Sweden-based Electrolux Group, a leading manufacturer of household appliances, to forge a range of more environmentally friendly consumer goods. Electrolux Group will use the EIB credit for green-focused research, development and innovation (RDI) activities in Italy, […]Reconstruction and vital repairs underway in Syria, as ‘security conditions’ permit
December 20, 2024 by Leave a Comment
This article is published in association with United Nations. Around 1.3 million Syrians have received food aid in the past three weeks across Syria from the UN and partners, as the restoration of key services begins in some of the relatively stable areas of the country. UN Spokesperson Stéphane Dujarric told reporters at the daily briefing on […]Denmark: Hearing-aid development to get a boost from €120 million EIB loan to Demant
December 20, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) will lend €120 million to Danish hearing-aid innovator Demant A/S in support of its investments in research, development and innovation (RDI) for new devices that can improve the quality of life for people suffering from hearing loss. Demant will use the […]Winter rains and aid obstacles worsen ordeal for one million Gazans
December 19, 2024 by Leave a Comment
This article is published in association with United Nations. Nearly one million Gazans risk spending winter without adequate shelter as UN agencies struggle to provide cold weather assistance, amid ongoing Israeli bombardment, repeated evacuation orders and restrictions on aid deliveries, they warned on Wednesday. In an update, the UN aid coordination office, OCHA, stressed that attacks […]Georgia: President Zourabichvili calls on EU to step up and defend its values
December 19, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. On Wednesday morning, the President of Georgia Salome Zourabichvili delivered a speech to the European Parliament in Strasbourg. Welcoming President Zourabichvili to the hemicycle, European Parliament President Roberta Metsola said: “When you last visited this House, we discussed your country’s progress towards joining our […]Bulgaria gets €250 million EIB loan to co-finance EU-backed projects
December 16, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is lending Bulgaria €250 million to co-finance EU-backed projects and accelerate development in areas ranging from energy efficiency and water to transport and research. The loan is for projects that will strengthen the Bulgarian economy, bolster competitiveness and enhance the country’s […]EBRD and EU support Marsa Maroc to enhance the competitiveness of Moroccan ports
December 16, 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 in Morocco’s maritime sector with a loan of up to MAD 690 million (equivalent to €65 million) to Marsa Maroc SA. The EBRD loan will finance increases in the capacity of the multipurpose terminals at the […]EU launches Humanitarian Air Bridge operation for Syria to deliver emergency supplies and boosts humanitarian funding
December 16, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission is launching a new Humanitarian Air Bridge operation for those most in need in Syria, to deliver emergency healthcare and other essential supplies, as well as increasing its humanitarian funding. President of the European Commission, Ursula von der Leyen, said: “The […]Syria: UN chief calls for urgent de-escalation by Israeli forces, withdrawal from Golan buffer zone
December 13, 2024 by Leave a Comment
This article is published in association with United Nations. The UN Secretary-General has expressed concern over the hundreds of Israeli airstrikes against targets in Syria since the overthrow of the Assad regime, calling for the withdrawal of Israeli troops from the demilitarized zone in the strategically important Golan. In a note to correspondents issued on Thursday, […]Sydbank uses EIB guarantee to award €400m new lending to Mid-Caps
December 13, 2024 by Leave a Comment
This article is published in association with European Investment Bank. Signature is first Linked Risk Sharing agreement in Denmark, aimed at increasing risk appetite among banks and improving access to finance for Danish businesses. Sydbank and the European Investment Bank have signed a new linked risk-sharing agreement that aims to make available up to €400 million […]Austria: EIB supports Zumtobel Group in the development of innovative lighting solutions
December 12, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) has granted a €50 million loan to the Zumtobel Group to boost its research and development of innovative lighting solutions. The funding will support R&D projects in the lighting group’s EU locations that are planned for the next three financial years, with a total budget […]Six bold environmental leaders named 2024 Champions of the Earth
December 11, 2024 by Leave a Comment
This article is published in association with United Nations. Brazil’s first-ever Minister of Indigenous Peoples and an initiative promoting sustainable agriculture in Egypt are among the six recipients of the 2024 Champions of the Earth award, announced by the UN Environment Programme (UNEP) in Nairobi, Kenya, on Tuesday. The laureates were honoured for their outstanding leadership, […]Uprooted Syrians mulling return mustn’t be pushed, says UNHCR
December 11, 2024 by Leave a Comment
This article is published in association with United Nations. Syria’s historic power reset coupled with the highly volatile situation there, has increased basic needs in a country where nearly 17 million people already depended on aid, UN aid teams insisted on Tuesday. For those forced to flee the country’s 13-year war, “they are considering how safe Syria […]Ukraine: EIB provides over €60 million to support road reconstruction and urban transport renewal
December 9, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is providing over €60 million in EU guarantee-backed loans to strengthen critical infrastructure in Ukraine, as part of its Ukraine Solidarity Urgent Response package, developed in close cooperation with the European Commission. This support includes the reconstruction of a key segment of […]EBRD increases stake in Estonian renewable-energy producer Sunly
December 6, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has increased its equity stake in Sunly, a renewable-energy developer and Independent Power Producer of power, with a €36 million investment. The EBRD became a minority shareholder in Sunly in 2023, having invested €30 million alongside the French […]The Long Road: HIV/AIDS Treatment Disparities Across The Decades
December 4, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. KAmira Serine Matmatte, a 22 year old Algerian medical student at the University of Constantine III Salah Boubnider. She 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 […]UN marks Day of Remembrance for chemical weapons victims with renewed call for global action
December 2, 2024 by Leave a Comment
This article is published in association with United Nations. On the Day of Remembrance for All Victims of Chemical Warfare, UN Secretary-General António Guterres called for decisive global action to eliminate chemical weapons, warning that their resurgence threatens decades of hard-won progress. Commemorated on Saturday, the Day of Remembrance pays tribute to those killed or injured by chemical […]Spain: EIB and Naturgy agree a €1 bn loan to invest in solar energy and onshore wind projects
December 2, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Naturgy have agreed a €1 bn loan to support investments in new solar energy and onshore wind power stations, as well as to modernise and convert existing sites into hybrid facilities in Spain. A €400 million initial tranche of the total […]Commission approves €1.9 billion German State aid in favour of DB Cargo conditional on implementation of restructuring plan
December 2, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has concluded that a German State aid measure of €1.9 billion to support DB Cargo, one of Europe’s leading rail freight operators, is in line with EU State aid rules. DB Cargo is a 100% subsidiary of the State-owned, vertically-integrated German […]Reaching the unreached to find missing TB cases
December 2, 2024 by Leave a Comment
This article was exclusively written for The European Sting by one of our passionate readers, Ms. Shobha Shukla. The opinions expressed within reflect only the writer’s views and not necessarily The European Sting’s position on the issue. “Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it’s the only thing that […]Medical professionals on the frontier: ensuring safety of medical workers in armed conflicts
December 2, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. Kenko Togo Tchakounte Lydie, a 5th year medical student at the Faculty of Medicine and Pharmaceutical Sciences (FMPS) Douala, Cameroon. She 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 […]Commission fines Pierre Cardin and its licensee Ahlers €5.7 million for restricting cross-border sales of clothing
November 29, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has fined Pierre Cardin and its largest licensee Ahlers a total of €5.7 million for breaching EU antitrust rules by restricting cross-border sales of Pierre Cardin-branded clothing, as well as sales of such products to specific customers. The infringement Pierre Cardinis […]2/3 of digital content creators do not fact-check, UNESCO survey reveals
November 28, 2024 by Leave a Comment
This article is published in association with United Nations. In an age when social media dominates global information sharing, an alarming two-thirds of digital content creators are publishing unverified information to millions of followers, a landmark survey by UN educational and cultural agency UNESCO revealed on Wednesday. The findings come at a critical moment when social […]Italy: EIB and E-Distribuzione sign €250 million sustainability-linked agreement to strengthen climate resilience, digitalisation and quality of Italian power grids
November 28, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and E-Distribuzione, Enel Group’s company, have signed the first €250 million tranche of a €500 million sustainability-linked loan. In concrete terms, the financing will help to back innovation and digitalisation of the power grid in Italy, increasing its resilience to avoid and react […]Lebanon ceasefire deal: displaced communities start to return home
November 28, 2024 by Leave a Comment
This article is published in association with United Nations. As the Lebanon ceasefire deal entered into force early Wednesday based on the full implementation of Security Council resolution 1701 (2006) – facilitated by UN peacekeepers UNIFIL and bolstered by an international monitoring committee – UN humanitarians committed to supporting communities uprooted by the war that have […]Parliament improves its environmental performance
November 27, 2024 by Leave a Comment
This article is brought to you in association with the European Parliament. Parliament strengthens its commitment to sustainability by adopting ambitious environmental targets for the years to come. On Monday, the Parliament’s Bureau, the body that takes decisions on matters concerning the institution’s internal organisation, approved a significant increase in efforts to further reduce the Parliament’s […]First European Semester Autumn Package under new economic governance framework sets out path for sound public finances and sustainable and inclusive growth
November 27, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The Commission has presented the first European Semester Autumn Package since the ambitious and comprehensive reform of the EU’s new economic governance framework entered into force in April 2024. It is an essential step in delivering on the objectives of the reform to make […]Commission approves French State aid to Corsica Linea and La Méridionale for maritime transport services
November 27, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has found a €853.6 million public service compensation in favour of Corsica Linea and La Méridionale to be in line with EU State aid rules. The French measures will compensate both companies for the provision of passenger and freight maritime transport […]UN welcomes ceasefire between Israel and Lebanon
November 27, 2024 by Leave a Comment
This article is published in association with United Nations. The United Nations has welcomed the announcement of a ceasefire between Israel and Lebanon. In a statement issued by his spokesperson, Secretary-General António Guterres expressed hope that the agreement “can put an end to the violence, destruction and suffering the people of both countries have been experiencing.” […]EBRD warns its economies to take care with industrial policies
November 26, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The global resurgence of industrial policies – state-led strategic interventions designed to reshape an economy’s production structure – can yield positive results but need to be designed and implemented with tactical precision, the European Bank for Reconstruction and Development (EBRD) said today. The Bank’s latest […]
