Invest In EU News

  • Russian visitors boost Finland’s retail and services sectors

    In 2010 Russian visitors spent almost EUR 260 million in the South Carelia region in eastern Finland.

    Shopping and tourism trips by Russians are making a significant contribution to Finland’s retail and services sectors. Already 15% of the retail trade in the towns of Lappeenranta and Imatra comes from Russian nationals, and the trend is growing. A third of the hotel business in Imatra comes from Russian visitors.

  • Commission launches a campaign on resource efficiency

    Warsaw, 17 October 2011 – Today saw the launch of "Generation Awake. Your choices make a world of difference!" an EU campaign designed to encourage consumers to make resource efficiency habit. The campaign was unveiled in Poland by European Environment Commissioner Janez Potočnik and Polish Environment Minister Andrzej Kraszewski. Its aim is to raise awareness about the need to use scarce natural resources wisely, and to encourage citizens to think about their impact on the planet when making purchasing decisions.

  • Social Summit: EU working towards solutions for a job-rich, sustainable recovery

    Brussels, 17 October 2011- In preparation for the summit of Heads of State and Government planned for October 23rd, the President of the European Commission, José Manuel Barroso, the EU Commissioner responsible for Employment, Social Affairs and Inclusion, László Andor, the President of the European Council, Herman Van Rompuy and the Deputy Prime Minister of Poland Waldemar Pawlak met European workers' and employers' representatives at the bi-annual Tripartite Social Summit.

  • Four Finnish cleantech companies among Later Stage Award TOP 30 Finalists

    The Finnish companies  Chempolis, Beneq, Moventas and Akkuser  have been selected among the Global Cleantech Cluster Association’s (GCCA) Later Stage Award TOP 30 Finalists.  GCCA represents the most innovative technology companies in the world. The finalists were selected from 4000 companies Asia, America and Europe. They will now be judged by 28 cleantech venture capitalists, investors and serial entrepreneurs who collectively manage $3.5 billion in clean technology investment.

  • €1.5 million from EU Globalisation Fund to help 726 workers in the Portuguese motor industry

    Brussels, 14 October 2011 - The European Commission has approved an application from Portugal for assistance from the European Globalisation adjustment Fund (EGF). The application concerns 726 workers made redundant by three companies operating in the car sector in the regions Norte and Centro, in Portugal. The EGF funding of € 1.5 million requested by the Portuguese authorities will help the redundant workers back into employment. The Commission is now making a proposal to the European Parliament and the Council to make the necessary funding available.

  • Competition: EU and US celebrate 20 years of cooperation; agree to advance cooperation further

    Brussels, 14 October 2011 - The competition authorities of the European Union and of the United States have agreed to further strengthen cooperation on mergers investigated in both jurisdictions, as they celebrate 20 years of successful cooperation in the area of competition policy. The announcement follows the annual top-level meeting between the European Commission and the US Antitrust Division of the Department of Justice and the Federal Trade Commission.

  • Mergers: Commission clears CVC's purchase of a controlling stake in fitness centre operator Virgin Active Group

    Brussels, 14 October 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of a controlling stake in Virgin Active Group, a UK-based operator of health and fitness centres, by investment group CVC of Luxembourg. The company is currently controlled by Virgin Group Holdings, which will share control with CVC once the operation is concluded.

  • EIB finance for VW Argentina

    The European Investment Bank (EIB) is providing EUR 76.4 million to VW Argentina, S.A. to finance the modernisation and expansion of the company’s Córdoba plant. The finance contract was signed by EIB Vice-President Magdalena Álvarez and Volkswagen Argentina’s CEO, Dr. Viktor Klima.

  • Germany’s Economic Strength Continues to Attract Foreign Direct Investment

    Berlin - Indicators confirm that Germany's economy continues to spur growth while reinforcing its standing as a key global location for foreign direct investment. As the most attractive business environment in Europe and the fifth worldwide according to Ernst & Young, Germany's economic performance is a leading catalyst for investment.  Germany Trade & Invest's annual "Economic Overview Germany" reports on the developments of the German economy in key areas. 

  • $130 Billion for Renewable Energy: German Bank Reduces Investment Risk

    Berlin/Dallas – Germany’s federally-owned KfW banking group is facilitating renewable energy and energy efficiency investments in Germany with EUR 100 billion (over $130 billion) over the next five years. Germany is the world’s largest photovoltaic market and leading wind energy generator in Europe. This boost will further decrease investment risk and accelerate the country’s move to renewable energy, adding to the country’s attractiveness as a business location.

  • Unique Wood City planned for Helsinki

    SRV and Stora Enso’s proposed Wood City in the Jätkäsaari district of Helsinki includes office, hotel and commercial buildings.

    The Finnish construction company SRV, in collaboration with Stora Enso, has submitted plans to the City of Helsinki to create a unique Wood City construction project in the Jätkäsaari district of the city. The site of the planned Wood City includes office, hotel and commercial buildings, with the first expected to be completed in 2013.

  • Commission's Task Force for Greece progresses rapidly with technical assistance actions

    Brussels, 13 October 2011 - The Task Force for Greece organised its first high level coordination meeting on Wednesday 12 October with the Greek authorities, Member States and international organisations offering technical assistance to Greece.. Based on issues identified in the Memorandum of Understanding between the Greek authorities and the Troika as well as a first list of requests from the Greek administration received on 4 October, participants discussed on how to best organise technical assistance for Greece.

  • EU development policy: Commission to increase aid impact, concentrating on fewer sectors, focusing on countries most in need

    Brussels, 13 October 2011 - The EU will re-prioritise its delivery of aid to developing countries to ensure maximum impact on poverty reduction. Today, EU Commissioner for Development, Andris Piebalgs, presented the 'Agenda for Change' of EU Development policy and a new policy for EU budget support. These communications set out a more strategic EU approach to reducing poverty, including through a more targeted allocation of funding.

  • EIB and European Commission welcome adoption of new mandate for lending outside the EU

    The European Investment Bank and the European Commission welcome the final adoption today of new legislation on EIB lending outside the EU on the basis of an EU budgetary guarantee. The new mandate streamlines the objectives of EIB lending and provides for additional resources to tackle climate change and to support the EU’s Southern and Eastern neighbours. The new mandate is expected to enter into force on 1st November 2011.

  • PricewaterhouseCoopers enjoys 7% turnover growth in Finland

    PwC’s consultancy services turnover increased by 20% compared to the year before.

    PricewaterhouseCoopers (PwC) is hiring more than 100 new staff after enjoying 7% turnover growth in Finland during its financial year ending July 2011. According to Kim Karhu, PwC’s managing director in Finland, the company’s growth in Finland was based on management consultancy services, commissions related to mergers and acquisitions, and the increasing demand for tax advice in the market.

  • A roadmap for stability and growth

    Brussels, 12 October 2011 - Today, the Commission has presented a roadmap outlining the comprehensive response that is needed to restore confidence in the Euro area and the European Union as a whole. This response is designed to break the vicious circle between doubts over the sustainability of sovereign debt, the stability of the banking system and the European Union's growth prospects'.

  • EU Trade chief welcomes progress from first Europe-South Korea Trade Committee

    Seoul/ South Korea, 12 October 2011 - EU Trade Commissioner Karel De Gucht today welcomed the positive steps agreed between the European Union and South Korea to tackle outstanding issues after the recent implementation of their groundbreaking free trade deal.

  • Antitrust: Commission imposes € 8.9 million fine in banana cartel

    Brussels, 12 October 2011 – In a decision adopted on Wednesday, the European Commission has concluded that the Chiquita and Pacific Fruit groups have operated a price fixing cartel in Southern Europe from July 2004 to April 2005, in violation of the EU antitrust rules' ban on cartels and restrictive business practices.

    Because of this cartel, European consumers did not enjoy the benefits of undistorted competition for nearly a year.

  • State aid: Commission clears aid from Irish Insurance Compensation Fund for restructuring of Quinn Insurance

    Brussels, 12 October 2011 - The European Commission has approved under EU state aid rules support measures of over €700 million provided by the Irish Insurance Compensation Fund (ICF) for the restructuring of Quinn Insurance Limited (QIL), an Irish general insurer which ran into difficulties in 2010 and is currently in administration. As part of the restructuring, the viable Irish general insurance part of QIL has been sold to a joint venture between the US insurer Liberty Mutual and Anglo Irish bank, while the non-viable UK operations will be wound-down.

  • Committee of the Regions supports EU plans for more competitive, greener industry

    The Committee of the Regions (CoR) yesterday evening welcomed EU plans to keep industry jobs in Europe while reducing the sector's carbon emissions. Regaining European leadership on the world stage will require concrete improvements to the regulatory framework, Patxi López (ES/PES), President of the Basque country, said before a debate with EU industry Commissioner Antonio Tajani at the CoR plenary session in Brussels.

  • EESC president's statement on the European Commission's CAP reform proposals launched today, 12 October 2011

    I welcome most of the European Commission's proposals launched today which, to some extent, incorporated the civil society's input on the reforms needed in the Common Agricultural Policy (CAP). We welcome the enhanced focus on the environment. We at the EESC believe that CAP funds should in future be used to maintain and develop everywhere multifunctional agriculture geared towards sustainability objectives.

  • Pilot Conservation Project for Europe's Largest Photovoltaic Power Plant

    solarhybrid and the University of Applied Sciences in Eberswalde Launch Ground-Breaking Concomitant Research

  • Tatarstan to establish technology centre in Lahti, Finland

    Tatarstan will conduct product development and research work at the Lahti Science and Business Park, especially in the areas of new materials and instrumentation.

  • Digital Agenda: high-level group to discuss freedom and pluralism of the media across the EU

    Brussels, 11 October 2011 - A high-level group to provide recommendations for the respect, protection, support and promotion of media freedom and pluralism in Europe has been convened by European Commission Vice-President Neelie Kroes. The group, which will be fully independent, will be chaired by the former President of Latvia, Professor Vaira Vike-Freiberga.

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