Invest In EU News

  • EU Action Plan: helping SMEs access more financial resources

    The EU Action Plan to improve access to finance for SMEs presents the various EU policies and measures to make access to finance easier for Europe's 23 million SMEs. It covers actions to improve the venture capital market and facilitate access to financial resources. It contains also financial products to ease access to bank lending, for an amount of at least € 20 billion allocated to SMEs from the new Multiannual Financial Framework. A new survey published today shows that difficult access to finance is among the top concerns (15%) of SMEs.

  • Strengthening Europe's place in the world: An external budget for 2014-2020 to respect EU commitments and promote shared values

    Brussels, 07 December 2011 - Today, the European Commission adopted budget proposals for its external instruments from 2014-2020. They will allow the Union to fulfil its responsibility on the global stage: fighting poverty and promoting democracy, peace, stability and prosperity. The range of instruments will support developing countries as well as countries in the European neighbourhood and those that are preparing accession into the EU.

  • New measures to stimulate funding for social businesses

    Brussels, 07 December 2011 - Social businesses are companies that have a positive social impact and address social objectives as their corporate aim rather than only maximising profit. It is a growing sector in Europe, already representing 10% of all European businesses and employing over 11 million paid employees. While these businesses often receive public support, private investment via funds that invest in social entrepreneurs remains vital to their growth. However, such specialised social investment funds are rare or are not large enough.

  • New EU fundraising rules: boosting venture capital for SMEs and easing access to credit

    Brussels, 07 December 2011 - Access to finance is essential to enhance the competiveness and growth potential of SMEs. In the context of the current crisis, marked by a fall in lending to the real economy, it is increasingly difficult for such companies to access loans.

  • State Aid: Commission approves Lithuanian short-term export credit insurance scheme

    Brussels, 7 December 2011 - The European Commission has found a Lithuanian short-term export credit insurance scheme to be in line with EU state aid rules, because it requires a market-oriented remuneration and is limited to insurance cover that is currently not available on the private market. The Commission authorised the measure until 31 December 2012.

  • Israel: EUR 120 million for construction of a seawater desalination plant

    The European Investment Bank, the EU’s long-term financing institution, today announces the signing of a EUR 120 million finance contract relating to the design and construction of a seawater desalination plant using reverse osmosis technology in Ashdod, Israel.

  • Labour Institute forecasts high growth for Finland this year

    Industry, construction and business services are the fastest growing sectors of the Finnish economy this year.

    The fastest growing sectors of the Finnish economy this year are industry, construction and business services, according to a forecast by the Labour Institute for Economic Research in Finland. These sectors are expected to grow by 5.8% this year, 3.4% next year and 6.3% in 2013. In 2012-2013 fastest growing sectors are expected to be ship building, electronics and data processing services.

  • Strategic Infrastructure Companies Launch LNG Terminal Preparations

    The Port of Tallinn and Elering have launched cooperation in the preliminary steps toward establishing a liquefied natural gas terminal.

    Based on a report by Pöyry Management Consulting on development of the Estonian gas market, Estonia should ensure alternative gas suppliers have access to the market through building such a terminal.

    The agreement signed by Port of Tallinn and Elering on December 5 sets out preliminary work for building a terminal at Muuga Harbor - planning, environmental impact assessments and feasibility studies.

  • Probiotic Bacterium Wins EU Approval

    A lactic acid bacterium discovered by Estonian scientists has passed muster with the European Food Safety Authority, paving the way for use throughout the EU.

    The country is notable for the probiotic bacteria in yogurt, but this particular strain, Lactobacillus plantarum NCIMB 30236, is used in animal feed to ferment silage.

  • Antitrust: Commission opens formal proceedings to investigate sales of e-books

    Brussels, 06 December 2011 - The European Commission has opened formal antitrust proceedings to investigate whether international publishers Hachette Livre (Lagardère Publishing, France), Harper Collins (News Corp., USA), Simon & Schuster (CBS Corp., USA), Penguin (Pearson Group, United Kingdom) and Verlagsgruppe Georg von Holzbrinck (owner of inter alia Macmillan, Germany) have, possibly with the help of Apple, engaged in anti-competitive practices affecting the sale of e-books in the European Economic Area (EEA)1, in breach of EU antitrust rules.

  • Future VAT system: pro-business, pro-growth

    Brussels, 6 December 2011 – "Value Added Tax (VAT) is paid for by citizens, collected by businesses and accounts for over 20% of national revenues. It therefore has a significant impact on every single EU citizen. However, it is now 40 years since the EU VAT system was first set up, and the regime no longer fits with our service-driven, technology-based economy. The time has come for an ambitious VAT reform." said Algirdas Šemeta, Commissioner for Taxation, Customs, Anti-fraud and Audit.

  • Brisk Christmas sales expected in Finland’s retail trade

    New survey shows that consumers and retailers expect Christmas spending to remain high in Finland.

    Consumers in Finland are expected to spend a similar amount of money on Christmas shopping as in previous years despite the uncertain economic outlook, according to a survey by the Federation of Finnish Commerce. Online stores are also expected to increase their sales this Christmas.

  • EU launches trade negotiations with Georgia and Moldova

    Brussels, 05 December 2011 - The EU decided to launch negotiations on a deep and comprehensive free trade area with Georgia and Moldova in order to boost economic growth and investment with the Eastern European partners. The negotiations will tackle a broad range of trade and economic issues so as to achieve a closer economic integration with the EU.

  • European Commission, EIB and EIF launch new scheme to help SMEs get loans for research and innovation

    Brussels, 5 December 2011. Today the European Commission and the European Investment Bank Group launch a new guarantee facility for innovative small and medium-sized enterprises (SMEs) to help them access finance from banks. This builds on the success of the Risk-Sharing Finance Facility (RSFF), launched in 2007, that has so far helped 75 companies benefit from over €7 billion in EIB loans to projects enhancing European growth and competitiveness. The new risk-sharing instrument for SMEs will be managed by the European Investment Fund (EIF).

  • EIB, European Commission and EIF team up to help SMEs get loans for RDI

    Today the European Investment Bank Group and European Commission launch a new guarantee facility for innovative small and medium-sized enterprises (SMEs) to help them access finance from banks. This builds on the success of the Risk-Sharing Finance Facility (RSFF), launched in 2007, that has so far helped 75 companies benefit from over €7 billion in EIB loans to projects enhancing European growth and competitiveness. The new risk-sharing instrument for SMEs will be managed by the European Investment Fund (EIF).

  • EIB and CaixaBank support social amenities

    The European Investment Bank (EIB) has granted a EUR 200 million loan to CaixaBank for financing public facilities. The loan agreement was signed by EIB Vice-President Magdalena Álvarez and CaixaBank’s Deputy Chairman and CEO, Juan María Nin.

  • Focus on better design creates new business opportunities in Finland

    World Design Capital Helsinki 2012 project and a commitment to improving municipal services in Finland represent opportunities for international companies with design expertise.

  • Mergers: Commission clears acquisition of transport logistic services company ATIC by ArcelorMittal

    Brussels, 02 December 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of ATIC Services Group of France by ArcelorMittal Netherlands BV.

  • EU support for public administration, regional development and energy efficiency in Ukraine

    Brussels, 02 December 2011 - The European Commission today adopted a financial package to support public administration, regional development, energy efficiency and environment in Ukraine.

  • Brothers opens ninth men’s fashion store in Finland

    The Swedish company RNB Retail and Brands is aiming to establish 20 stores in Finland.

    The Swedish company RNB Retail and Brands has opened its ninth Bothers men’s fashion store in Finland at the Forum shopping centre in Jyväskylä. The first Brothers store was established in Finland in 2006 and the company is aiming for about 20 stores in total around the country, according to Kirsi Kähkönen, country manager for Brothers in Finland.

  • American-Danish partnership finds solutions to contaminated land

    A global partnership between the American environmental firm JMM Management Group and Danish software house Geokon was announced at the Embassy of the United States in Copenhagen today.

    American environmental firm JMM Management Group and Danish software house Geokon have signed an agreement to enter a global partnership on using Danish software to finding solutions to solve challenges with contaminated land.

    The partnership will promote Geokon’s software application GeoEnviron through JMM’s Integrated Property Management System (IPMS).

  • Commission welcomes the top up of co-financing rates for Europe's struggling economies

    Brussels, 01 December 2011 – Today, the Commission's proposal (IP/11/942) to provide supplementary EU co-financing to countries facing particular difficulties in managing public debt/deficit and ensuring financial stability was agreed by the European Parliament.

  • Italy: EUR 240m for Livorno regasification plant

    The European Investment Bank (EIB) has granted a EUR 240m loan to IREN S.p.A. to complete the regasification plant in Livorno created by its subsidiary OLT Offshore Toscana. The project comes under sectors in which the EIB is traditionally active – energy and environmental protection.

  • Polaric project improves performance of organic electronics and reduces costs

    The POLARIC project is a good example of Finland’s dynamic innovation environment which can benefit international companies.

    The POLARIC project, which stands for “Printed, Organic and Large-Area Realisation of Integrated Circuits”, is aiming to revolutionise the way printed electronic circuits are made. The EU-funded project was launched in January 2010 and is coordinated by the VTT Technical Research Centre of Finland.

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