POWER: EIB Lends €450mn to Belgium to Modernise Southern Power Grid
Dec-05 08:52
The EIB has granted a €450mn loan to Belgium’s ORES to modernise Wallonia’s - southern region of Belgium - electricity distribution network, it said.
- The new funding supports a major scale-up of investments in distribution infrastructure to accelerate renewable energy deployment and the electrification of uses in Wallonia.
- Projects will be implemented across Hainaut, Namur, Walloon Brabant, Luxembourg (BE), and Liege.
- The move comes as Belgium’s greenhouse gas emissions are declining too slowly to meet the 2050 climate neutrality target.
- Combined with the 2018 loan, total EIB support for ORES now reaches €1bn.
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ITALY DATA: New Business Inflows Rise To 1.5 Year High In October Services PMI
Nov-05 08:51
Italy (as Spain earlier) came in stronger than expected at 54.0 (53.0 cons; 52.5 prior). Growth in new work was a key driver, supported by a fresh rise in exports. Key highlights below:
- "Both output and new business increased at sharp and accelerated paces. Notably, October saw an end to the trend of decline in exports, with the volume new business from abroad up slightly on the month."
- On the higher exports: "Some panellists noted higher sales from European customers, but there were also reports of persistent international uncertainty."
- "Services firms retained a positive outlook when asked about their expectations for activity for the year ahead. Panellists are forecasting an improvement in market conditions and expect new customer wins and increased service offerings to be supportive of growth. The level of confidence ticked down from September and remained subdued by historical standards, however"
MNI: FRANCE OCT FINAL SERV PMI 48.0 (47.1 FLASH, 48.5 SEP)
Nov-05 08:50
- MNI: FRANCE OCT FINAL SERV PMI 48.0 (47.1 FLASH, 48.5 SEP)
MNI: ITALY OCT SERV PMI 54.0 (53.0 FCAST, 52.5 SEP)
Nov-05 08:45
- MNI: ITALY OCT SERV PMI 54.0 (53.0 FCAST, 52.5 SEP)
