Invest In EU News

  • EU €1 billion Millennium Development Goals initiative to support maternal health, contribute to fight against child mortality and hunger and improve supply of water and sanitation

    Brussels, 21 September 2011 - Water and sanitation, maternal health, hunger and child mortality: those Millennium Development Goals that are most off-tracks will be allocated an additional €1bn by the European Commission, said EU Commissioner Piebalgs today during a round table on Nutrition at the UN General Assembly. The European Commission is finalising the identification of the projects presented by African, Caribbean and Pacific countries themselves.

  • Top Finnish medical researchers awarded ERC Advanced Grants

    Three Finnish medical science researchers from the University of Helsinki have been awarded the prestigious European Research Council Advanced Investigator Grant. Professor Lauri Aaltonen received funding for his research project "Next Generation Genetics of Cancer Predisposition".

  • Swedish fashion chain KappAhl aims for 70 stores in Finland

    The Swedish fashion chain KappAhl has opened its 60th store in Finland at Kirkkonummi shopping centre in southern Finland. According to Jari Laitinen, managing director of KappAhl, the chain is continuing its growth in Finland by searching for new business premises and aims to increase the number of stores to 70 in the next few years. KappAhl’s latest is called Designers Finest.

  • Around 1 800 kg of non-mineral waste generated per capita in the EU27 in 2008

    In 2008, the total non-mineral waste1 generated in the EU27 amounted to 920 million tonnes, which corresponds to 1 800 kg per capita. The manufacturing sector accounted for 26% of total generation of non-mineral waste, other economic activities2, such as agriculture, energy and services, for 50%, while households contributed 23%. Non-mineral waste reflects waste originating from all economic sectors and households, thus including waste generated from both production and consumption.

  • EU Industry: Economic recovery continues at a slower pace

    Brussels 19 September 2011 - In the last three months to July 2011, manufacturing production was 4.5% higher than a year ago, but was almost unchanged compared to the first quarter. Manufacturing production in recent months has been affected by supply disruptions stemming from the Japanese tsunami. Manufacturing output is now some 14% higher than its trough in early 2009 and still 8% below its peak in early 2008.

  • ECA issues special report on whether agri-environment support policy is well designed and managed

    Agri-environment support is a key EU policy with € 2.5 billion of EU spending per year. The policy aims to respond to society's increasing demand for environmental services by encouraging farmers and other land managers to introduce or continue to apply agricultural production methods compatible with the protection and improvement of the environment.. Management of this policy is shared by the Commission and the Member States.

  • Finnish companies expect IT services to be outsourced

    All IT maintenance and support services will be outsourced in Finland in the future. That is the almost unanimous view of the financial directors and IT managers of large Finnish companies in a survey by HP Finland. IT strategy is unlikely to be outsourced, however. Half of the companies that responded to the survey have already outsourced their IT operations.

  • Estonia: Low Corruption, Good Taxes, Eager for EU Money

    While the recent slump dragged down its indicators of economic growth compared to other Central and Eastern European countries, Estonia boasted the lowest corruption, least bureaucratic tax system, and most successful applications for EU funding, according to a report by PricewaterhouseCoopers.

    The analysis, released at an economic forum in Poland last week, measured the successes of Central and Eastern European countries - 10 EU members and eight non-EU members - since the 2004 EU enlargement.

  • Creator of mobile payment platform Fortumo wins Estonian Entrepreneurship Award

    BNS - The main award of the competition Entrepreneurship Award 2011, organized by Enterprise Estonia, went to the creator of a mobile payments platform Fortumo OU.

    The Most Competitive Estonian Companies Ranking 2011, compiled by the Estonian Chamber of Commerce and Industry and the Estonian Employers Confederation, which also was made public at the gala in the Estonia concert hall Wednesday night, was topped by the EMT mobile services subsidiary of the Teliasonera holding Eesti Telekom. 

  • Mars invests EUR 33 million

    The candy and pet food producer Mars Austria is investing EUR 33 million in its existing plant located in Lower Austria. The investment program is designed to expand the production line for dog and cat food in fresh pouches. Plant manager Alfred Hiermann is proud to have been awarded the contract, due to the fact that the Austrian factory was able to win out against competition from several sister plants in the rest of Europe. The facility in Bruck an der Leitha has been operating since the year 1985.

  • Miele opens competence center in Salzburg

    The German company Miele recently opened its global competence center for medical technology in Salzburg. Miele invested EUR 10 million in the expansion and restructuring of its Salzburg facility over the last two year, plant manager Manfred Neuhauser stated at the opening ceremony. EUR 2.8 million was invested in the new production hall for medical equipment, which is a new cornerstone of the company’s business. The core competence located in Salzburg is stainless steel processing.

  • Funding available for innovative service concepts in Finland

    Tekes – the Finnish Funding Agency for Technology and Innovation is calling on retail companies operating in Finland to apply for funding from its Serve – Pioneers of Service Business programme. Serve has been designed to support companies in developing innovative and internationally competitive service concepts in companies by challenging traditional ways of doing things both at the strategic and the operational level.

  • EU issued € 5 billion 10y bond to finance loan for Portugal

    A € 5 billion bond with 10 years maturity has been launched today by the European Commission on behalf of the European Union (EU). The operation took place under the European Financial Stabilisation Mechanism (EFSM). The funds raised will finance a further loan to Portugal, which receives lending as part of the financial assistance package.

  • Small enterprises at the forefront in restoring growth

    Brussels, 14 September 2011 – The SME Envoys meet in Brussels today to shape a strategy aimed at freeing the growth potential and competitiveness of SMEs. Key elements agreed are: making it possible to start a company in 3 days for less than €100, increasing access to finance and public procurement and reducing bureaucracy, including by introducing an SME-friendly test for all new legislation at EU and Member State level. For this purpose, the European Commission and all Member States should introduce a specific SME test before any legislation is adopted.

  • Scots Host Expansion-Minded Entrepreneurs

    The British-Estonian Chamber of Commerce and Enterprise Estonia London hold a conference in Edinburgh on September 13. Titled "SmartEST: New Nordic Estonia," the event aims to foster business links and introduce new investment opportunities.

    In addition to providing a general overview of Estonia's economic trends, the conference  focuses on finance and real estate sectors, renewable energy and e-health care.

  • European biotech start-ups ready to woo investors in Aarhus

    International life science entrepreneurs can now get a step closer to cross the difficult barrier of turning ideas into profitable businesses, as a European venture contest takes off on 21 September in the city of Aarhus, Denmark. 

    Close to 30 European biotech entrepreneurs will compete for the attention and funds of possible investors, when the European Venture Contest (EVC) Semifinal takes place on 21 September in the city of Aarhus, Denmark – a central hub for the European life science industry.

  • European Parliaments adopts Commission proposal for stronger EU border management agency

    Brussels, 13 September 2011 – The European Parliament today adopted the European Commission's proposal to strengthen the European Union's border management agency (Frontex). Frontex will have more equipment and personnel from Member States at its disposal, thus enabling it to better coordinate the border patrol operations of EU Member States.

  • European Commission sets goal of training 700,000 legal professionals in EU law by 2020

    Brussels, 13 September 2011 - The European Commission has set a clear target for increasing the numbers of judges, prosecutors, lawyers and other legal practitioners trained in European law. In a policy paper agreed today, the European Commission aims to ensure that half of all legal practitioners in the European Union – around 700,000 – participate in some form of European judicial training by 2020. The aim is to equip legal practitioners to apply European law – which is part of their role as judges and lawyers at national level.

  • Breaking down barriers to research – consultation on the European Research Area

    Brussels, 13 September 2011 – The scientific community and other interested groups and individuals are today being asked to help redefine the research landscape in Europe. The European Commission has launched a public consultation to find out how the European research environment can be radically improved. The goal is to achieve the European Research Area (ERA) by 2014, creating a genuine single market for knowledge, research and innovation.

  • Education trends report highlights need for effective funding for schools and universities

    Brussels, 13 September 2011 - The European Commission today welcomed the launch of 'Education at a Glance 2011', a new report which gathers statistical data on investment in education, student-teacher ratios, teaching hours, graduate numbers and results. 21 EU countries are covered by the report, which is compiled annually by the Organisation for Economic Co-operation and Development (OECD), drawing on data jointly collected with Eurostat and the United Nations Educational Scientific and Cultural Organization (UNESCO).

  • Commission reports on Progress in the Development of Alternative Methods to Animal Testing for Cosmetics

    Brussels, 13 September 2011 - The European Commission presented today its yearly report on Alternative Methods to Animal Tests in the Field of Cosmetics to the European Parliament and Council. The Cosmetics Directive1 prohibits animal testing in the EU of finished cosmetic products since 2004, animal testing of ingredients of cosmetic products is prohibited since 2009.

  • EU Commission clarifies permitted food contamination levels after Fukushima nuclear accident

    The European Ombudsman, P. Nikiforos Diamandouros, has welcomed the European Commission's clarifications concerning the maximum permitted levels of radioactive contamination for foodstuffs in the EU, following the Fukushima nuclear accident in Japan. The Ombudsman had asked the Commission for these clarifications after several citizens complained about a lack of information concerning changes made to the maximum levels.

  • ECA issues special report on whether ERDF co-financed tourism projects were effective

    Luxembourg, 13 September 2011

    ECA issues special report No 6/2011 on whether European Regional Development Fund (ERDF) co-financed tourism projects were effective

  • European Parliament backs EU Commission on more secure Galileo services

    Brussels, 13 September - Today the European Parliament approved the Commission's proposal on the Public Regulated Service (PRS) access rules for Galileo, Europe's global navigation satellite system. This special service will protect the functioning of management of critical transport and emergency services, police work and border control, as well as of peace missions via its highly robust encrypted signals.

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