Invest In EU News

  • EU Commission approves acquisition of Belgian wind turbine gearbox manufacturer Hansen by German automotive supplier ZF Friedrichshafen AG

    Brussels, 30 September 2011- The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Belgian wind turbine gearboxes manufacturer Hansen by ZF of Germany, a supplier to the automotive industry. Wind turbine gearboxes are used in wind turbines to convert wind energy into electricity. The Commission concluded that the transaction would not raise competition concerns because of the parties' moderate market shares and the presence of several strong, effective competitors.

  • EU Commission approves acquisition of parts of Teva by Procter & Gamble

    Brussels, 30 September 2011 - The European Commission has cleared under the EU Merger Regulation the acquisition of important parts of the "over-the-counter" (OTC) business of the pharmaceutical company Teva of Israel by the US company Procter & Gamble (P&G). The Commission concluded that the proposed transaction would not raise competition concerns, because the merged entity would continue to face sufficient competition in the markets concerned.

  • Massive UPS, DHL Investments Boost German Logistics Infrastructure

    Berlin/Philadelphia – Deutsche Post DHL is investing over 1 billion dollars (EUR 750 million) in its German parcel delivery infrastructure. UPS also announced a 200 million dollar investment in its European air hub outside Cologne. These investments confirm Germany’s position as the motor of European logistics. Germany Trade & Invest will have representatives at this year’s Annual Meeting of the Council of Supply Chain Management Professionals from October 2 – 5 in Philadelphia to discuss business and investment opportunities in Germany.

  • M&A opportunities in the Czech Republic

    The Czech corporate marketplace offers a great opportunity to expand your footprint in a competitive location with a favourable cost structure and a skilled labour force. After the boom which took place in the manufacturing and IT sectors over the past several years, many Czech owners are considering tying their factory growth to collaboration with a strong foreign partner or selling their equity and retiring.

  • September 2011: Business Climate Indicator down further in the euro area

    Brussels, 29 September 2011 - In September 2011, the Business Climate Indicator (BCI) for the euro area fell for the seven month in a row and is now in slightly negative territory. The steady fall observed since March indicates a further slowdown, although growth in euro-area industry output remains positive.

  • At Warsaw Eastern Partnership Summit, Poland Announces Contribution to Eastern Partnership Technical Assistance Trust Fund

    On the occasion of the Eastern Partnership Summit held in Warsaw on 29 - 30 September 2011, the Republic of Poland has announced it would participate in the Eastern Partnership Technical Assistance Trust Fund (EPTATF) with a EUR 1 million contribution.

  • EUR 125 million for more energy efficient residential buildings in Bucharest

    The European Investment Bank (EIB) is lending EUR 125 million to finance the energy efficiency refurbishments of 365 multi-storey residential buildings in the Sector 1 Municipality of the Romanian capital, Bucharest. The reduction of atmospheric pollution, particularly CO2 emissions, through energy savings in the refurbished buildings, will help mitigate climate change.

  • Austria: A country to invest and live in

    The New York-based Reputation Institute asked 42,000 people in 50 countries to express their views on trust, reputation, admiration and positive image. On balance, Austria ranked ninth. Canada is the country with the best reputation in the world, followed by Sweden and Australia. The study sees a direct link between the reputation of a country on the one hand and foreign direct investment or tourism revenue on the other hand.

  • Management consultancy, health services and personnel services enjoyed the fastest turnover growth

    The total turnover of the business services sectors in Finland increased by 4.7% in 2010 from the year before, reaching a total of EUR 18.3 billion. According to Statistics Finland, management consultancy had the strongest turnover growth with an 18% increase from the previous year. The turnover in health services and personnel services also increased by 11% and 10% increases respectively. Other growth sectors were cleaning services, accounting and book-keeping, advertising agencies, and legal services.

  • Study: Austria moves up the IT location ranks

    Austria has caught up as an IT business location and is now in 17th place in the global rankings, improving from its previous 22nd place ranking. This was the conclusion of a study carried out by the Economist Intelligence Unit (EIU) which was contracted by Business Software Alliance (BSA). Progress made in research and development made a significant contribution to Austria’s improved position. As a result, Austria moved ahead of countries such as South Korea and Hong Kong. The top nation in the global rankings is the USA, followed by Finland and Singapore.

  • Research and Innovation: new modelling results link natural resources and armed conflicts

    Brussels, 28 September 2011 – The EU Joint Research Centre (JRC) has developed a statistical modelling tool which allows the risk of conflict occurrence in developing countries to be analysed. Combining online news reports with geographical satellite data, the tool establishes a link between natural resources and the risk of conflict. A key advance is the very detailed scale of the data (most being gathered to the square kilometre) and the fact that the modelling is based on the seriousness of the conflicts.

  • Mergers: Commission approves acquisition of German automotive supplier GETRAG's all-wheel-drive business by GKN

    Brussels, 28 September 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the all-wheel-drive (AWD) components business of the German automotive group GETRAG KG by GKN plc of the UK. The Commission found that in all the markets concerned, the merged entity will continue to face several strong, effective competitors and customers will therefore continue to have access to a sufficient number of suppliers.

  • Former industry sites top sustainable tourism destinations today

    Brussels 27 September 2011: Tonight, twenty-one destinations from across Europe received the 2011 EDEN Award for exemplary regeneration and promotion of their declining physical sites; at a gala Award ceremony, an exhibition of awarded destinations and an EDEN network meeting. From abandoned mines and disused factories to derelict railways and overgrown farmsteads, these neglected sites once played a key role in European history. Through well-considered sustainable regeneration people can rediscover the past and learn about traditional ways of life.

  • Mergers: Commission approves merger of activities of North Sea and Argos Groeps in petroleum sector

    Brussels, 28 September 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control over North Sea Group Beheer B.V. by Reggeborgh Invest B.V. and Argos Energy Group B.V., both of the Netherlands, following a transfer of shares of their respective subsidiaries North Sea Group and Argos Groep.

  • Schenker expands in Carinthia

    The German logistics specialist Schenker recently constructed another terminal in Carinthia at a cost of EUR 13 million. On balance, the company employs a workforce of 80 people at the new facility, offering transport and logistics solutions using all modes of transport. Schenker’s Austrian base coordinates the group’s business operations in the South East Europe region.

    27th Sept. 2011

  • Enterprise Europe Network reinforced in Asia; extended to North Africa

    Brussels, 26 September 2011. The European Commission is extending the outreach of the Enterprise Europe Network – the business and innovation support network for SMEs - by opening new contact points in Japan and doubling its presence in China. The aim is to see more European small and medium sized enterprises (SMEs) profit from the fast growing markets in Asia, Latin America and Eastern Europe. .

  • Antitrust: Commission opens investigation in e-payment market

    Brussels, 26 September 2011 - The European Commission has opened an antitrust investigation into the standardisation process for payments over the internet ('e-payments') undertaken by the European Payments Council (EPC). The EPC is the coordination and decision-making body of the European banking industry for payments. The Commission will undertake a careful examination of the standardisation process to ensure that competition is not unduly restricted, for example through the exclusion of new entrants and payment providers who are not controlled by a bank.

  • Climate change: Commission launches consultation on further reducing industrial gas emissions

    Brussels, 26 September 2011 - The European Commission today launched a public consultation on strengthening EU measures to reduce emissions of fluorinated gases, a group of industrial gases which are extremely powerful contributors to global warming.

    A Commission review,1 which was also adopted today, concludes that the EU's existing Regulation on fluorinated gases ('F-gases') is having a significant impact but that, without further measures, F-gas emissions are expected to remain at today's levels in the long term.

  • Mergers: Commission clears acquisition of German plant care supplier Compo by private-equity firm Triton

    Brussels, 26 September 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the German supplier of plant care products Compo by the private equity firm Triton, based in Jersey. The Commission concluded that the transaction would not significantly alter the structure of the markets for plant care products as Triton presently has no ownership interests in the same business.

  • Mergers: Commission clears acquisition of MAN by Volkswagen

    Brussels, 26 September 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of MAN SE by Volkswagen AG, both of Germany. The Commission concluded that the proposed transaction would not significantly impede effective competition in the EEA1 because the merged entity would continue to face strong competition from other well established manufacturers.

    The Commission examined the transaction's impact on the supply of heavy trucks, buses, chassis and diesel engines.

  • Finland’s retail sector turnover and profitability improved in 2010

    The total turnover in Finland’s retail trade was EUR 115.5 billion in 2010, representing a 6.5% increase compared to the year before, according to preliminary figures by Statistics Finland. Wholesale trade made up 55% of the total turnover, retail trade 31% and car sales 13%.

  • German Companies Eyeing Toronto Area

    Berlin/Toronto – Flying over from Berlin, a German delegation arrives Monday to further strengthen business ties to the Toronto area. CEOs and project developers from the solar, wind, medical technologies, and food & beverage industries will visit potential partners in the region. Germany Trade & Invest is accompanying the delegation from September 26 – 28 to discuss new trade and investment opportunities in these fields.

  • China is targeting Denmark’s audio industry

    China is planning to invest DKK 600 million in improving their audio industry and invites Danish companies and engineers to enter a partnership.

    China has started to listen to what people say about sound technology in Denmark: That Denmark is a global leader, producing some of the best and most innovative loudspeakers, hearing aids and sound equipment in the world.

  • Chemicals/REACH: Conference looks at early results and future challenges for chemicals registration

    Brussels, 23 September 2011 – Past achievements and lessons learnt for the future of the REACH registration process will be debated at a conference organised by the European Commission and the European Chemicals Agency (ECHA), in Brussels today.

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