The European Investment Bank (EIB) this week released the first tranche of funding – €875m – to start work on Portugal’s first high-speed railway between Porto and Lisbon.| Global Construction Review
The Defence, Security and Resilience (DSR) Bank was officially launched last week by Nato’s former head of innovation, Rob Murray.| Global Trade Review (GTR)
Battery maker Northvolt has filed for bankruptcy in Sweden after failing to secure additional financing or investment, souring a big bet by banks and export credit agencies (ECAs) on European EV battery production. A pioneer of green battery production in Europe, the company filed for bankruptcy protection in the US last year after running ...| Global Trade Review (GTR)
The European Union has launched an inaugural risk-sharing facility for the export credit industry, with an initial €300mn pilot aimed at boosting SME exports to buyers in war-torn Ukraine.| Global Trade Review (GTR)
The EIB is activating a €5 billion initiative to support wind energy manufacturers in Europe by extending a €500 million counter-guarantee to Deutsche Bank.| Power Engineering International