Invest In EU News

  • Mercedes-Benz Continues To Lead In Premium Segment Despite Ongoing Model Changes

    In the first half of this year, 457,595 vehicles with the Mercedes symbol were sold in the Europe region.

    From January to June, 1,134,729 cars were handed over to customers by Mercedes-Benz (-4.6% YoY). Unit sales decreased in the first half of the year primarily due to ongoing model changes for SUVs, the brand’s segment with the largest volume.

  • Hsbc Malta Launches €250m International Business Fund Connecting Businesses To Global Opportunities

    SBC employs around 235,000 globally – the equivalent of Malta’s workforce, said Executive Director and Head of Business Development Michel Cordina, highlighting the potential to connect businesses on an international scale.

    HSBC Malta has officially launched a €250 million International Business Fund with the scope of connecting local businesses to opportunities overseas.

  • Prime Minister Wheel: Elering is able to secure electricity supply even in difficult situations

    Prime Minister Jüri Ratas visited Elering's emergency reserve power plants on Friday, which is of strategic importance for Estonia's security of supply.


  • Work Applications From Non-EU Nationals Reach 16,000 In First 5 Months Of 2019

    The island registered the largest population growth out of all EU member states, at 36.8 per 1,000 residents, with one in every seven people in Malta being a foreigner.

  • Karins: USA is a strategic partner of Latvia and a close ally

    On 9 and 10 July, Prime Minister Krišjānis Kariņš, meeting with US senior officials in Washington, has discussed bilateral relations between the US and Latvia, US support for Latvia's security, as well as transatlantic cooperation and international security, strengthening the supervision of the financial sector and investment opportunities, confirming \ t that the US is Latvia's strategic partner and close ally.

  • The new Chairman of the Financial and Capital Market Commission will be sought in the open competition

    On Friday, July 12, the State Chancellery will launch an open competition for the position of Chairman of the Financial and Capital Market Commission (FCMC). Applicants are invited to apply until August 12th.

  • London To Be Location For First Ever European Microsoft Store

    The shop will reportedly be 22,000 sq ft and will be a block away from the Regent Street Apple store which first opened its doors 15 years ago. 

    Oxford Street, London, is to be the location of the first ever European Microsoft store, featuring a McLaren Senna car kitted out as an Xbox driving simulator, a gaming lounge and a community education centre where kids can learn how to write and understand code.

  • FM: The fall in exports in May was significantly affected by the decline in re-exports

    The value of Latvian exports of goods in May of this year was 2.6% lower than in the corresponding month of the previous year, which was mainly influenced by a significant decrease in the re-export of machinery and mechanical appliances. Meanwhile, exports of goods produced in Latvia continued to show growth. Data on exports of manufacturing output show that in May the Latvian manufacturing industry's export turnover was 2.7% higher than in May of the previous year. Although Latvian producers continue to grow their export turnove

  • EU support will continue to implement the project "Latvian Roma Platform"

    In order to promote co-operation and dialogue between the Roma, representatives of local governments, sectoral ministries and their institutions, as well as social partners in Latvia, the Government, at the meeting of the Ministry of Culture (KM) on July 9, decided to continue the project “Latvian Roma Platform” and providing the necessary co-financing.

  • Foreign Minister Haavisto: EU enlargement is in Finland's interest

    The work to integrate the Western Balkans in the heart of our continent into Europe will continue and will fit Finland.

  • In May, trade increased

    According to Statistics Estonia, in May 2019, compared to May 2018, the exports of goods increased by 8% and imports by 3%. The growth in exports of Estonian goods was significantly influenced by increased sales of prefabricated wood buildings.

  • Wheel: The state continues to assist Ida-Viru County in economic diversification and energy restructuring

    Prime Minister Jüri Ratas and Minister of Economic Affairs and Infrastructure Taavi Aas visited Ida-Virumaa today to get acquainted with the labor market situation. The ministers visited several local companies, including Estonia's largest employers, Eesti Energia and Enefit Energiatootmine AS. At their meeting with business leaders, Ratas and Aas recognized them for modernizing their activities and working closely with all the parties involved, and discussed solutions that would help people in the region adapt better to the changes.<

  • One business day will be postponed in 2020

    Next year, on the 22nd of June, the working day of June 22, which falls on Monday between June 21 and Sunday 23 June, is transferred from the state budget to state-funded government institutions that set a five-day week from Monday to Friday, to Saturday, June 13, 2020 So there will be five vacations in the country in Janis .

    The Draft Order "On Transfer of Working Day in 2020" on Tuesday, July 9, was adopted at a government meeting.  

  • The government is supporting a shift in drug penetration policy - emphasizing demand reduction

    On Tuesday, July 9, the Cabinet of Ministers endorsed the "Drugs Use and Proliferation Plan 2019 - 2020", which will focus more on demand reduction measures.

    In order to implement the plan and reduce both drug demand and availability, as well as better monitoring of drug control, 28 actions will be implemented in three action lines.

  • The Government approves the pricelist of the new paid services of the National Library of Latvia

    On July 9, 2019, the Cabinet of Ministers approved the new pricelist of public pay services of the National Library of Latvia. With a broader range of library services, the price list includes 13 new services, up-to-date prices for existing services - increased or decreased, as well as a range of services that are free or available at 50% discount for children and young people under 18.

  • DB 'Reactivates' Application for Controversial Pembroke City Centre Project

    'The revocation was based exclusively on one, single point- that the court deemed a member of the adjudicating board had a conflict of interest,' db Group said in a statement.

    The db Group has reportedly "reactivated" its application for the highly-resisted Pembroke City Centre project located on the former Institute for Tourism Studies (ITS) site.

  • FM: Metalworking and Mechanical Engineering Keeps the Growth of Manufacturing

    Data released today on industrial production output in May this year show moderate growth in the industry, with output up 1.7% year-on-year. In May, for the first time in the last year, mining volumes fell by 3.3%. In the electricity and gas sector, on the other hand, growth was recorded for the first time this year. Slow output growth was also recorded in manufacturing, with annual output rising 1.7%.

  • Finance Minister Janis Reirs: Monitoring and implementing reforms in the financial sector is and will remain the FCMC priority

    On Thursday, July 4, the Chairman of the Financial and Capital Market Commission (FCMC) Peter Putniņš and Deputy Chairman of the FCMC Gunta Razāne provided the Speaker of the Saeima with information on resignation, requesting to be dismissed in accordance with the FCMC law. It should be emphasized that the FCMC should continue to work in accordance with its stated objective of promoting the protection of interests of investors, depositors and insured persons and the development and stability of the financial and capital market, as well as

  • Malta Registers Current Account Surplus Of €48.9 Million For Q1 2019

    This represents a sharp decline compared to the same period last year, when Malta registered a current account surplus of €296.3 million.

    Provisional figures released by Malta's National Statistics Office (NSO) show that Malta registered a decrease in its current account surplus when comparing the first quarter of 2019 with that of 2018, at €48.9 million and €296.3 million respectively.

  • Confirmed list of narrow semi-finished ferrous and non-ferrous metals subject to reverse VAT

    On Tuesday, July 2, the Cabinet of Ministers (Cabinet of Ministers) approved amendments to the rules on the application of the provisions of the Value Added Tax (VAT) Law and certain requirements for the payment and administration of VAT. Amendments to the Cabinet of Ministers Regulations specify the list of semi-finished products of ferrous and non-ferrous metals, including the exclusion of metal goods services subject to reverse or reverse VAT.

  • Eurojust helps reveal fake organic food fraud

    In close cooperation with Eurojust, Italian and Serbian national authorities unraveled a transnational large-scale fraud in the production and trade of allegedly organic food and beverages from rotten apples. In a successful joint action, coordinated by Eurojust, 9 suspects of an organised crime group (OCG) were arrested. Illegal assets worth €6 million as well as 1,411 tonnes of adulterated product with an estimated value of almost €5 million were seized.

  • Prime Minister: Lithuania welcomes steady and friendly relations with Denmark

    Prime Minister Saulius Skvernelis has met with Dan Eddie Frederiksen, the Ambassador of the Kingdom of Denmark to Lithuania to thank him for his efforts and personal contribution to the development of the bilateral relations.

    According to the Prime Minister, Lithuania is pleased with the steady, close and friendly relations and is ready to take them further with the new Denmark’s Government that took office just a week ago.

  • Prime Minister: The bilateral cooperation between Lithuania and Romania is vibrant at all levels

    Prime Minister Saulius Skvernelis has met with Romania’s Ambassador Dan Adrian Balanescu to thank him for his active efforts in strengthening cooperation between Lithuania and Romania.

  • Hungary follows Australian model in connection with illegal migration

    The protection of borders and the fight against illegal migration are the most crucial issues of Western civilisation in the 21st century, and Hungary looks upon Australia as a model to be followed in the area of the measures it has implemented in connection with illegal immigration, said Balázs Orbán, the Parliamentary and Strategic State Secretary of the Prime Minister’s Office who spoke to the Hungarian news agency MTI by telephone during his visit to Australia.

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