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Why social enterprise in Greece is a modern day myth
People have begun starting up social enterprises for the wrong reasons: because they are a cheap substitute for a regular enterprise with more elastic social insurance obligations, since their members are not liable as is the case for all other entrepreneurs.
- Region
- Europe & Eurasia
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Kazakhstan to get huge IFC loan for its microfinance
International Finance Corporation (IFC), a member of the World Bank Group, is providing a senior syndicated loan of $82 million equivalent in Kazakh tenge to “Microfinance organization “KMF” LLC, a leading Kazakh microfinance institution, to boost lending to micro and small enterprises, including women entrepreneurs and customers in rural areas of Kazakhstan, the press service of IFC said in a message.
- Region
- Europe & Eurasia
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France’s Macron pledges €700 million for solar projects in developing countries
French President Emmanuel Macron on Sunday pledged hundreds of millions of dollars for solar projects in developing countries, as world leaders met in India to promote greater investment in renewable energy.
- Categories
- Energy
- Region
- Europe & Eurasia
- Tags
- renewable energy
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GTT to acquire European fiber network operator Interoute for $2.3 billion in cash
London-based Interoute operates one of Europe’s biggest fiber networks and associated cloud services, spanning more than 70,000 kilometers and 29 countries, according to a Bloomberg report last year that outlined the company’s plan to find a buyer.
- Categories
- Technology
- Region
- Europe & Eurasia
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The Pope Wants Vatican Startups to Fix Climate Change
A year ago, venture capitalists Stephen Forte of Fresco Capital Fund and Eric Harr of Imagine Ventures -- both based in California -- asked the Vatican to back a technology competition among startups addressing climate change, energy and managing resources.
- Categories
- Energy, Technology
- Region
- Europe & Eurasia
- Tags
- climate change
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Zurich Insurance ups ‘impact investment’ target to $5 billion
The target forms part of a move by insurers to tackle the causes of climate change and other social issues for which they often pick up the bill, including healthcare costs associated with tobacco use.
- Categories
- Investing
- Region
- Europe & Eurasia
- Tags
- impact investing
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Press release: MyBucks Named ‘Best Financial Inclusion Company’ at European FinTech Awards 2017
Luxembourg-based and Frankfurt-listed fintech, MyBucks S.A., was announced as the winner of the Award for ‘Best European Financial Inclusion Company’ at the European Fintech Awards 2017 taking place in Brussels, Belgium.
- Categories
- Finance
- Region
- Europe & Eurasia
- Tags
- fintech
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The First MicroFinance Bank Afghanistan; Mibanco of Peru; and Cooperative Tosepantomin of Mexico Announced as Finalists for European Microfinance Award on Microfinance for Housing
This year, the Award highlights the role of microfinance in supporting access to better quality residential housing for vulnerable, low income and financially excluded groups with no or limited access to housing finance in the mainstream sector. This problem is multi-dimensional: sub-standard housing is not just an identifier of poverty, but rather it is the cause of a host of developmental problems.
- Categories
- Investing
- Region
- Europe & Eurasia