This article is published in association with European Investment Bank. Kauno Energija, the district utility company in the Lithuanian city of Kaunas, will upgrade and extend its district heating and hot water supply system with €35 million in support from the European Investment Bank (EIB). The EIB loan for the energy improvements in Kaunas, which is […]Lithuania: Kaunas to get modern and greener heating with €35 million support from EIB
September 17, 2024 by Leave a Comment
This article is published in association with European Investment Bank. Kauno Energija, the district utility company in the Lithuanian city of Kaunas, will upgrade and extend its district heating and hot water supply system with €35 million in support from the European Investment Bank (EIB). The EIB loan for the energy improvements in Kaunas, which is […]Commission endorses preliminary assessment of Slovenia’s third payment request for €257.6 million under the Recovery and Resilience Facility
September 17, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has endorsed a positive preliminary assessment of Slovenia’s third payment request for €257.6 million (net of pre-financing) under the Recovery and Resilience Facility (RRF), the centrepiece of NextGenerationEU. Following its assessment of the payment request, submitted by Slovenia on 28 June 2024, […]Commission approves €682 million Belgian State aid scheme to support renewable offshore wind energy to foster the transition to a net-zero economy
September 16, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has approved a €682 million Belgian scheme to support renewable offshore wind energy to foster the transition towards a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework (‘TCTF’) adopted by the Commission on 9 March 2023 and amended on 20 […]State of the Energy Union Report 2024 shows EU progress to ensure secure, competitive and affordable energy for all
September 12, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Commission has published the State of the Energy Union Report 2024 which describes how the EU has managed unprecedented challenges in the energy policy landscape during this Commission’s mandate, equipping the EU with a regulatory framework for pursuing the clean energy transition and laying the foundations for renewed economic […]EBRD deepens cooperation with AccessBank in Azerbaijan
September 10, 2024 by Leave a Comment
This article is brought to you in association with EBRD. The European Bank for Reconstruction and Development (EBRD) has relaunched its Risk-Sharing Facility (RSF) in Azerbaijan by partnering with AccessBank to share risk in loans provided to local small and medium-sized enterprises (SMEs). Under the RSF agreement, the EBRD and AccessBank will each provide up to […]Italian business innovation bolstered with €100 million initiative by EIB and venture capital firm LIFTT
September 10, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) and Italian venture capital firm LIFTT are joining forces in a €100 million initiative to spur equity investments in highly innovative companies. The agreement, announced today in Rome by EIB Vice-President Gelsomina Vigliotti and LIFTT Chairman Stefano Buono, foresees the creation of […]UN rights chief calls for global ‘zero tolerance’ against antisemitism
September 6, 2024 by Leave a Comment
This article is published in association with United Nations. The UN High Commissioner for Human Rights on Wednesday described antisemitism as an ongoing plague and “scourge on our collective humanity” which has resulted in damaging consequences for communities worldwide. This comes just a day after the UN human rights office (OHCHR) issued a statement expressing horror over the […]Private donations boost UN support for war-torn Gaza
September 5, 2024 by Leave a Comment
This article is published in association with United Nations. 5 September 2024 Humanitarian Aid From celebrities to civil society, a growing number of people around the world are providing unprecedented support for UNRWA, the UN agency supplying a lifeline to two million Palestinians trapped in war-torn Gaza. Since last October, the UN agency has raised nearly US$150 million […]Internally displaced families in Yemen need increased aid: UNHCR
August 27, 2024 by Leave a Comment
This article is published in association with United Nations. A new update from the UN refugee agency (UNHCR) reveals that millions of internally displaced families across Yemen are in critical need of more humanitarian assistance. The update highlights information from the first half of 2024 and reveals that 4.5 million people are displaced and 18.2 million […]To AI or Not to AI: The Future of Medical Education
August 23, 2024 by Leave a Comment
This article was exclusively written for The European Sting by Ms. Emese Kincső Páli, a 6th-year medical student at the University of Szeged in Hungary. 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 do not necessarily reflect […]New political era in Bangladesh provides ‘historic opportunity’ for reform
August 19, 2024 by Leave a Comment
This article is published in association with United Nations. The political transition underway in Bangladesh represents an historic opportunity to ensure governance is anchored in human rights, inclusivity and the rule of law, the UN High Commissioner for Human Rights said on Friday. Volker Türk also stressed the need for accountability for rights violations and violence […]UN reiterates call to release staffers detained in Yemen
August 16, 2024 by Leave a Comment
This article is published in association with United Nations. Ansar Allah in Yemen must immediately release 13 UN staff and dozens of personnel from civil society, non-governmental organizations (NGOs) and other entities, who have been arbitrarily detained for more than two months, two senior officials told the Security Council on Thursday. Hans Grundberg, the Secretary-General’s Special […]Mpox is still being transmitted across the world, says UN health agency
August 14, 2024 by Leave a Comment
This article is published in association with United Nations. Mpox has been confirmed in Burundi, one of four countries in Eastern Africa where the disease has surfaced for the first time, the UN World Health Organization (WHO) said on Tuesday, as the continent’s top health body declared a public health emergency. In an update, the WHO […]Security Council: Africa deserves permanent seat at the table, says Guterres
August 13, 2024 by Leave a Comment
This article is published in association with United Nations. UN Secretary-General António Guterres on Monday called for urgent reform of the Security Council, criticizing its outdated structure and lack of representation for Africa, which he argued undermines the body’s credibility and global legitimacy. Addressing the Council, he emphasized that its composition reflected the balance of power […]Zimbabwe faces worsening food crisis due to El Niño droughts
August 8, 2024 by Leave a Comment
This article is published in association with United Nations. A new report from the UN aid coordination office (OCHA) reveals that food insecurity levels in Zimbabwe are rapidly deteriorating after it was hit with historic droughts due to the El Niño weather pattern. This comes just two months after UN humanitarians declared Zimbabwe as one of […]Statement by Executive Vice-President Vestager on the announcement by IAG to withdraw from proposed acquisition of Air Europa
August 5, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission takes note of IAG’s announcement that it has decided to terminate its agreement with Globalia according to which IAG intended to acquire sole control over Air Europa. IAG owns several airlines, including Iberia and Vueling, and is the largest airline operator […]IMF Executive Board Concludes 2024 Consultation with Euro Area
August 5, 2024 by Leave a Comment
This article is published in association with IMF. Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the 2024 discussions on common euro area policies with member countries[1] The euro area is recovering gradually, with a modest acceleration of growth projected for 2024, gathering further speed in 2025. Increasing real wages together with […]Humanitarians efforts ‘nowhere near where they should be’ 300 days into Gaza war
August 2, 2024 by Leave a Comment
This article is published in association with United Nations. Scaling up aid delivery remains a challenge in Gaza as the war reaches the 300-day mark, the head of the UN humanitarian affairs office, OCHA, in the Occupied Palestinian Territory said on Thursday. Andrea De Domenico was speaking from Jerusalem in his final briefing to journalists at […]Now Is the Time to Help Countries Faced with Liquidity Challenges
August 2, 2024 by Leave a Comment
This article is published in association with IMF. Ceyla Pazarbasioglu, Pablo Saavedra With elevated debt service squeezing the space available to finance much needed investment in many countries, urgent action is needed to boost fiscal space, maintain adequate international support, and reduce debt servicing costs. Many countries are being squeezed by increasing interest payments and high […]EBRD and EU to mobilise up to €100 million for critical raw materials investments
August 1, 2024 by Leave a Comment
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a joint facility to provide equity investments for the exploration of critical and strategic raw materials, aiming to mobilise up to €100 million in investments. These raw materials are essential to the EU’s digital and green transition. The EU is […]Digitalising SMEs on a shoestring
July 31, 2024 by Leave a Comment
This article is brought to you in association with EBRD. While large companies readily adopt digital technologies, small and medium-sized enterprises (SMEs) struggle to access the same solutions and are less open to embracing the digital wave. This was one of the key findings of researchers at Cambridge University’s engineering department. They also observed that SMEs […]July infringement package: key decisions
July 29, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Overview by policy area In its regular package of infringement decisions, the European Commission pursues legal action against Member States for failing to comply with their obligations under EU law. These decisions, covering various sectors and EU policy areas, aim to ensure the proper […]Commission approves €1.2 billion Spanish State aid scheme to support investments in the production of renewable hydrogen to foster the transition to a net-zero economy
July 29, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission has approved a €1.2 billion Spanish scheme to support investments in the production of renewable hydrogen to foster the transition to a net-zero economy. The scheme was approved under the State aid Temporary Crisis and Transition Framework (‘TCTF’), adopted by the […]First transfer of €1.5 billion of proceeds from immobilised Russian assets made available in support of Ukraine today
July 26, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the EU makes available in support of Ukraine the first payment of €1.5 billion generated from immobilised Russian assets. These extraordinary revenues generated by EU operators and held by central securities depositories (CSDs) from immobilised Russian sovereign assets were made available by Euroclear […]Commission coordinates action by national consumer protection authorities against Meta on ‘pay or consent’ model
July 23, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. Today, the Consumer Protection Cooperation (CPC) Network sent a letter following concerns that Meta’s ‘pay or consent’ model might breach EU consumer law. The Commission coordinated this action which is led by the French Directorate General for Competition, Consumer Affairs and Fraud Prevention. The […]EBRD boosts renewable energy in Montenegro
July 22, 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-guaranteed loan of up to €28 million to Crnogorski Elektroprenosni Sistem (CGES) for the upgrade of the electrical substation Brezna in north-western Montenegro. The project is highly significant as it will allow to integrate […]Czech Republic: Construction of Ostrava Concert Hall receives CZK 2 billion from the EIB
July 22, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The European Investment Bank (EIB) is lending 2 bn Czech crowns (ca €84 million) for the construction of a state-of-the-art concert hall in the Czech city of Ostrava. The EIB credit covers most of the financing for the planned €115.5 million cultural landmark in Ostrava, the […]EIB hosts heads of five largest European national promotional banks
July 22, 2024 by Leave a Comment
This article is published in association with European Investment Bank. The heads of the five largest national promotional banks in Europe met at the European Investment Bank’s headquarters in Luxembourg today to discuss ongoing areas of collaboration and ways to deepen their partnership. Hosted by EIB Group President, Nadia Calviño, the CEOs discussed common priorities including […]The European Commission and the Palestinian Authority agree on emergency financial support and the principles for a recovery and resilience programme
July 22, 2024 by Leave a Comment
This article is brought to you in association with the European Commission. The European Commission and the Palestinian Authority have signed a Letter of Intent which sets out a strategy for addressing the critical budgetary and fiscal situation of the Palestinian Authority and the Palestinian economy, whose structural vulnerabilities have been exacerbated by the consequences of […]Gaza: Multiple strikes kill dozens near UN aid hub as thousands flee fighting
July 17, 2024 by Leave a Comment
This article is published in association with United Nations. Multiple strikes have killed dozens of people in central Gaza, landing just 100 metres from a humanitarian hub, UN agencies said on Tuesday, as thousands continue to face displacement amid the ongoing war. Reports of strikes landing near an aid centre in Deir Al-Balah came from the […]Gaza: Guterres ‘shocked and saddened’ by deadly strikes on Al Mawasi, as WHO and partners aid medical response
July 16, 2024 by Leave a Comment
This article is published in association with United Nations. The UN health agency and partners are helping treat many of those injured during Saturday’s deadly airstrikes by Israeli forces on Gaza’s Al Mawasi area which have reportedly left at least 90 dead and around 300 injured, according to figures from the war-torn enclave’s health ministry. The […]EBRD €30 million loan to Serbia for renewable heat generation
July 12, 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 loan to Serbia of up to €30 million to finance investments in renewable heat generation in several district heating companies in the country, along with related energy-efficiency measures including the modernisation of heat substations and […]EBRD and EU support olive farming in Georgia
July 12, 2024 by Leave a Comment
This article is brought to you in association with EBRD. When you think of Georgia, one of the first things that springs to mind is its rich winemaking culture. However, hardworking entrepreneurs such as George Svanidze are also exploring new business avenues. In 2009, he planted his first olive grove and, despite the significant risks associated […]
