Invest In EU News

  • Commission wants better quality credit ratings

    Brussels, 15 November 2011 - Credit rating agencies (CRAs) are major players in today's financial markets, with rating actions having a direct impact on the actions of investors, borrowers, issuers and governments. For example, a corporate downgrade can have consequences on the capital a bank must hold and a downgrade of sovereign debt makes a country's borrowing more expensive.

  • Turkey's Atlasjet Signs for up to 15 Bombardier CS300 Airliners

    First low-fare carrier is tenth customer to order CSeries aircraft

    DUBAI, UNITED ARAB EMIRATES--(Marketwire - November 15, 2011) - Bombardier Aerospace announced today that Atlasjet Havacilik A.S. of Istanbul, Turkey has signed a letter of intent (LOI) to acquire 10 CS300 jetliners and take options on a further five CS300 aircraft.

    Based on the list price of the CS300 airliner, a firm-order contract would be valued at $776 million US, and could increase to $1.18 billion US if the five options were converted to firm orders.

  • Companies actively involved in Helsinki World Design Capital 2012

    Helsinki WDC 2012 programme includes 250 projects and over 100 exhibitions.

    Helsinki World Design Capital 2012 has unveiled its programme which includes 250 projects and more than one hundred exhibitions and events open to the public. A pavilion will be constructred in the city centre in May as a meeting place for designers and everyone interested in design.

  • Lufthansa to start daily Helsinki - Berlin flights in June 2012

    First flight timed to coincide with the opening of the new Berlin-Brandenburg Willy Brandt airport.

    Lufthansa is starting daily direct flights between Berlin and Helsinki on 3 June 2012. The new route coinciding with the opening of the new Berlin-Brandenburg Willy Brandt airport located 18km from the centre of Berlin. The new airport can be reached with a fast rail link.

  • Taxation: More efficient cooperation in collecting excise duties

    Brussels, 14 November 2011 – New rules on administrative cooperation in the field of excise duties, which would speed up the collection of the duties and improve Member States' controls on the revenue, have been proposed by the Commission today. The new Regulation would replace the existing rules, to better reflect the introduction of the computerised Excise Movement and Control System (EMCS) in April 2010 (see IP/10/401).

  • Food: new legislation to make the use of additives in the EU safer and more transparent

    Brussels, 14 November 2011 – The use of additives1 in food will soon become even safer and more transparent than it currently is thanks to two pieces of legislation adopted by the European Commission.

  • Digital Agenda: Commission welcomes improvements in new IANA contract

    Brussels 14 November 2011 - The European Commission is pleased that its initiative to improve Internet Governance resulted in the introduction of a number of its suggested changes by the US Government for the post-March 2012 Internet Assigned Numbers Authority (IANA) contract.

  • Nordic clothing chains dominate the Finnish market

    Finnish consumers spend EUR 1 billion on clothes from international retailers.

    Finnish consumers spend a total of EUR 2.8 billion on clothes annually, with EUR 1 billion going to the international clothes chains operating in Finland. Swedish, Norwegian and Danish family companies have been particularly successful in the Finnish market. New Nordic clothing chains are still entering the market.

  • Report shows overall positive impact of mobility of Bulgarian and Romanian workers on EU economy

    Brussels, 11 November 2011 - A new report published today by the European Commission highlights the overall positive role that mobile workers from Bulgaria and Romania (EU-2) have played in receiving countries' economies. These workers have contributed to the skills mix as well as filling vacancies in sectors and jobs with labour shortages such as in construction and the domestic and food services sectors.

  • Tackling double taxation for a stronger Single Market

    Brussels, 11 November 2011 – Double taxation, and double non-taxation, contradict the very spirit of the Single Market. Yet many citizens and businesses are still suffering heavier tax burdens just because they operate in more than one Member State. Meanwhile, others are using loopholes between national systems to escape paying taxes that they owe. Determined to tackle this problem, the Commission today adopted a Communication on Double Taxation.

  • Establishing a Business in Germany

    FRANKFURT, GERMANY--(Marketwire - November 11, 2011) - Benefitax, German chartered accountants in Frankfurt am Main, recommends purposeful preparation for the German market to companies who want to sell their products in Germany. Taxation and organizational traps can be very costly.

  • Enzo life sciences adds direct sales office in france to further increase its customer service

    NEW YORK, NY, September 20, 2011 --- Enzo Biochem Inc. (NYSE:ENZ), announced today that it has added an independent regional sales office in Lyon, France to more directly service its customers in France. Previously, Enzo Life Sciences sold its products in France through a third party distributor.

  • Wärtsilä and European Investment Bank agree on EUR 150 million loan for R&D activities

    Wärtsilä’s research will benefit the transport and energy sectors in environmental performance and fuel efficiency, according to EIB.

  • Seven is recruiting more product developers in Finland

    Developed in Finland, Seven’s Open Channel mobile traffic optimisation technology reduces data consumption by smartphones.

    Seven is looking for around 20 top level product developers to join its growing team in Helsinki, according to Robin Pulkkinen, managing director of Seven in Finland. Helsinki is home to one of Seven’s four product development centres, currently employing almost 50 people.

  • Singaporean Tolaram Group planning EUR 30 mln cogeneration plant in Estonia's Kehra

    The Singapore-based Tolaram Group plans to build a biomass-fired cogeneration plant estimated to cost 30 million euros in the Estonian town of Kehra.

    The annual capacity of the plant is planned at 108 gigawatt-hours of thermal energy and 63 GWh of electric energy. The aim is to launch the plant by the end of 2014, Tolaram said.

  • Another clean bill of health for EU accounts; auditors find improvements in many payment areas

    Brussels, 10 November 2011 - For the fourth year in a row, the EU's annual accounts have received a clean bill of health from its external auditors. As for EU spending, the overall error rate is once again below 4%. This means that the vast majority (at least 96%) of total payments made in 2010 were free from quantifiable error.

  • Fight against diseases and zoonoses : EU earmarks €214 million to better protect human and animal health

    Brussels, 10 November 2011 – The EU earmarked yesterday more than €203 million to support programmes to eradicate, control and monitor animal diseases and zoonoses, aiming to further strengthen the protection of human and animal health in 2012. The decision was taken at the Standing Committee on the Food Chain and Animal Health (SCoFCAH), where Member States also unanimously endorsed the Commission proposals to contribute €11.5 million for the emergency measures and vaccination plans taken to combat some animal diseases over the past four years.

  • EU welcomes conclusion of negotiations on Russia's WTO accession

    Brussels, 10 November 2011 - The EU has today welcomed the conclusion of negotiations for Russia's accession to the WTO. Today's unanimous approval by the Members of the Working Party on Russia's WTO accession brings an end to this 18 year long process and paves the way to formalising the results of these negotiations by the entire Membership of the WTO. The EU now looks forward to a unanimous political endorsement of Russia's WTO accession at the 8th WTO Ministerial Conference on 15-17 December this year.

  • The European Court of Auditors’ 2010 Annual Report: EU accounts reliable, but payments still affected by material error

    The ECA concludes that the 2010 accounts present fairly the financial position of the European Union and the results of its operations and its cash flows for the year. However, the payments underlying these accounts were still affected by material error, with an estimated error rate of 3.7 % for the €122.2 billion of EU spending.

  • European Commission and EIB welcome start of work on an “EU Platform for External Cooperation and Development”

    A Commission expert group, including the European Investment Bank and Member States, has begun studying the possible establishment of an EU Platform for External Cooperation and Development. The aim would be to increase the impact of EU external cooperation activities by optimising financial mechanisms blending EU grants and loans. This will allow to leverage limited financial resources to support external and development policy priorities for the benefit of EU partner countries.

  • Ansip Plugs Estonian Business Environment in Singapore

    Flanked by one of the most high-profile delegations of logistics companies assembled in recent years, Prime Minister Andrus Ansip continued his Southeast Asia trip with a visit to Singapore where he called on local business leaders to invest in Estonia.

    Fresh off the Hanoi leg, Ansip's delegation was joined by several additional logistics companies for the stop in the city-state of five million, including a business forum.

  • Opening the world for small and medium sized enterprises to enhance EU growth

    Brussels, 09 November 2011: European small and medium sized enterprises (SMEs) should better profit from fast growing emerging markets, such as in China, India, Russia or in regions like South East Asia and Latin America. This is the key issue to overcome the crisis addressed in the European Commission communication ‘Small Business, Big World - a new partnership to help SMEs seize global opportunities’ presented today. Only 13 % of EU SMEs are internationally active outside the EU through trade, investment or other forms of cooperation with foreign partners.

  • State aid: Commission clears Swedish support for wave energy technology project

    Brussels, 9 November 2011 - The European Commission has authorised Swedish plans to grant SEK139 million (ca. € 15 million) towards the development of a wave energy production demonstration plant by Seabased Industry AB. The production of energy from sea waves has been in developmentfor some years, but has still not reached the commercial stage. The Commission's decision finds that the public funding towards the project is compatible with the EU Framework for State aid for research, development and innovation (R&D&I).

  • Mergers: Commission approves acquisition of US water chemical treatment company Nalco by US chemical company Ecolab

    Brussels, 09 November 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Nalco Holding Company, a US water chemical treatment company, by Ecolab, another US chemical company. The proposed transaction allows Ecolab to broaden its core competencies in cleaning and sanitizing products, in particular in the food and beverages industry, by strengthening its presence in water treatment products, without raising competition concerns.

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