Amsterdam bans creation of new hotels
Another piece in the overall strategy to reduce tourist flows to the city
The support will increase Matrix Pack’s daily production of paper straws from 20 million to 30 million
This week, the European Investment Bank announced that it has agreed to provide the Greek company and Europe’s leading producer of drinking straws Matrix Pack with financial support. This support will be in the form of EUR 8.5 million in venture debt financing over 5 years, and it will help the company shift its product portfolio to renewable, biodegradable materials.
At the moment, Matrix Pack has 4 production units (3 in Greece and 1 in Bulgaria) and sales networks in countries all over the globe. With the Venture Debt financing, the company will be able to boost its research and development operations, increase its production capacity, and expand internationally.
According to a press release by the EIB, the company currently produces 20 million paper straws a day, in addition to biodegradable lids. With the EUR 8.5 million, Matrix Pack will be able to increase its daily production capacity to 30 million paper straws and transition from being an SME (Small-to-Medium Enterprise) to a larger corporation.
“This project indicates our high ambitions, and it is already established in the market. It is a great opportunity to prove that transformation and compliance to environmental policies is a business opportunity and at the same time a challenge to contribute to the safety and independence of the European supply chain as opposed to dependence on single-use-products coming from Far East,” shared Matrix Pack Chairman Lyberis Polychronopoulos.
EIB Vice President Christian Kettel Thomsen also commented on the agreement, noting that Matrix Pack is setting new standards in the paper drinking straw industry, combatting waste, and strengthening the circular economy. Moreover, he revealed that the drinking straw producer is the first Greek company to benefit from the opportunities provided by EIB Venture Debt.
Silesian is spoken by about half a million people in the south of the country
Legislators and magnates have to await a preliminary ruling from the European Court of Justice
The building will then serve as the site for a new museum dedicated to Finnish-Russian relations
The tool helps identify undeclared swimming pools and garden sheds
It will serve as a virtual companion to the municipal network of libraries in the country
In addition, the federal government has launched the National Week of Action against Bicycle Theft to raise awareness of the issue and the new solution
The tests are also experimenting with a charging point that is easier to maintain
Reportedly, the aim of the local government is to curb violence and disorder among the youth
The city thinks that it’s time to update pet-related street cleanliness rules for the 21st century
Yes, you guessed it right, that also includes baguettes and cheeses
Reportedly, the aim of the local government is to curb violence and disorder among the youth
Silesian is spoken by about half a million people in the south of the country
Urban dwellers across the EU are having a say in making their surroundings friendlier to people and the environment.
Forests in the EU can help green the European construction industry and bolster a continent-wide push for architectural improvements.
Apply by 10 November and do your part for the transformation of European public spaces
Catch up with some recommendations for the 2024 European Capital of Culture programme from the mayor of Tartu
An interview with the ICLEI regional director for Europe аfter the close of COP28
An interview with a member of the No Hate Speech Network team