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Investment

Swedish battery start-up, Northvolt has confirmed that it has raised €350-million from the European Investment Bank and is awaiting further funding from Ikea. Founded by two former Tesla executives, Northvolt seeks to raise €1.5-billion to build a... Read more

Economic analysts in the EU are forecasting a Japanese "spending spree" off the back of a historic trade deal. Businesses in Japan are sitting on over €800-billion combined and it is expected that the European Union will be the most likely target... Read more

Spending on renewable energy, such as solar, wind and biomass projects dropped by 1% to $304-billion (€270.5-billion), the lowest level since 2014, according to a report published by the International Energy Agency (IEA)... Read more

The energy regulatory bodies of France and Ireland, CRE and CRU respectively, have thrown their support behind a bid by the Celtic Interconnector underwater power cable project to receive a minimum of 60% of its €930-million investment from EU grants Read more

Anglo American has today committed to the World Bank’s Climate Smart Mining initiative, by becoming a founding donor to the Climate Smart Mining Facility. It is the first-ever fund that is dedicated to making mining for metals and minerals a more... Read more

New Zealand’s Invert Robotics, the developer of the world’s first non-magnetic, climbing inspection robot for hazardous environments, has secured an investment agreement of US$8.8million (€7.7-million) to expand its business in Europe and worldwide.. Read more

Serbia to get its first industrial park later this year and is looking to host global companies that are trying to tap into into central and eastern European markets. The park is being largely funded by China and will form a part of the emerging... Read more

The Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó has said that a contract will be signed by May 25th for the upgrade of his country's section of the cross-border rail line between Budapest and Belgrade. Read more

The International Investment Bank (IIB), based in Moscow, has granted a loan to Moldova's Trans-Oil, an agro-industrial group, which it will use for the acquisition of Romanian vegetable oil producer, Ultex. Read more

Stalatube’s new best-in-class production facility for manufacturing stainless steel tubes in special dimensions and other processed stainless steel products is preparing to ramp things up a gear. This investment in Lodz, Poland, together with the... Read more

£2.5-million in funding has been awarded by the Defence and Security Accelerator (DASA), an arm of the UK Ministry of Defence, to a consortium headed up by Blue Bear Systems Research Ltd for the development of drone swarm technology. Read more

Montenegrin company Uniprom has announced that it will invest around €26-million for overhauling and upgrading the aluminium smelter KAP, according to the company's owner Veselin Pejovic. Read more

The UAE and Hungary agreed to strengthen their cooperation in the fields of science, technology and innovation. Read more

The UK's fastest growing port, the Port of Tilbury, has received official development consent from the Secretary of State for Transport to construct Tilbury2, a new multimillion pound port terminal that will be constructed next to the existing... Read more

Cikautxo, a Spanish company specialising in plastic and rubber components for the automotive sector, is to receive a €26 million European Investment Bank (EIB) loan. Read more

The European Commission announced €36 million in investment aid for Korean chemical manufacturers LG Chem in Poland. The cash boost for a new electric vehicle battery factory in the country’s Dolnoślaskie region, was found to be in line with EU rules Read more

WEGU Slovakia s.r.o., a manufacturer of plastic components for the automotive industry and part of the WEGU Holding Group, has relocated its operations to a new production hall. Read more

Porsche has invested in US start-up 'Urgent.ly', which sees itself as the leading global platform for mobility and roadside assistance. Read more

Nouryon (formerly AkzoNobel Specialty Chemicals) has opened a new headquarters and research centre to support its existing Indian operations. Read more

Chemicals giant INEOS has selected Antwerp, Belgium as the location for its largest cracker investment in 20 years, describing the move as a 'game-changer' for the chemical sector. Read more

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