Invest In EU News

  • 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.

  • Commissioner Piebalgs's visit to South Africa: examples of EU development cooperation

    Development cooperation between the EU and South Africa mainly takes place in two areas, namely employment creation and capacity development for service delivery and social cohesion.

    The value, however, of development cooperation in South Africa does not come only from the financing, but also from the "value added" approach, which focuses on innovation, creativity, piloting, and risk taking. The aim of this approach is to create a basis for the replication of successful projects and programmes using government resources.

  • South Africa: Commissioner Piebalgs to launch €126 million new health care programme to fight HIV and tuberculosis

    Brussels, 12 September 2011 – European Development Commissioner Andris Piebalgs will visit South Africa from 13th to 16th of September to discuss EU-South Africa development cooperation and visit a number of key projects to see EU-South Africa cooperation in action on the ground. Whilst there, he will launch, together with the South African Minister of Health, a major EU-financed health care programme to help the South African government to enable more people to access better health services.

  • Commissioner Georgieva confirms allocation of new humanitarian funding towards Horn of Africa Drought

    Brussels, 12 September 2011 - As the impact of the drought in the Horn of Africa worsens and famine has officially spread to a sixth region in Southern Somalia, the European Commission confirms the allocation of an additional €60 million towards the emergency response, bringing the total financial contribution by the Commission to nearly €160 million.

  • 2011 Report on Public Finances: the sustainability of the public finances is the key policy concern in the wake of the crisis

    Brussels, 12 September 2011 - The economic crisis has taken a heavy toll on EU Member States' public finances, making debt sustainability a major challenge across the Union. At the same time, a major overhaul of EU fiscal surveillance is underway. The 2011 Report on the Public Finances in EMU takes a look at the recent developments in public finances, analyses new ways of assessing debt sustainability and describes the changes to budgetary surveillance in the EU.

  • EU Trade chief De Gucht visits Namibia and South Africa to boost trade and development deal

    Brussels, 12 September 2011 - The EU’s Trade Commissioner Karel De Gucht will today travel to Southern Africa to boost negotiations on a comprehensive trade and development agreement between the two regions. On 13 September he will meet with President Hifikepunye Pohamba and key ministers in Namibia as well as Namibian business representatives, and civil society. He will travel to South Africa on 14 September to meet South African Trade Minister Rob Davies before participating in the EU–South Africa Summit on 15 September.

  • EU starts negotiations on Caspian pipeline to bring gas to Europe

    Brussels, 12 September 2011 – Today the European Union has adopted a mandate to negotiate a legally binding treaty between the EU, Azerbaijan and Turkmenistan to build a Trans Caspian Pipeline System. This is the first time that the European Union has proposed a treaty in support of an infrastructure project. The treaty will be concluded by the EU after decision by all 27 Member States that the European Commission should lead the negotiations on behalf of them all.

  • Minister calls for more wooden apartment buildings in Finland

    Wood construction is currently attracting great interest in Finland and is set to increase rapidly in both public and private sector projects.

    Wooden apartment buildings should have a 20% market share in Finland by the year 2020, according to Jyri Häkämies, Minister of Economic Affairs. The Finnish government is strongly committed to promoting wood construction through strategic objectives spanning three different ministries. At the moment less than 1% of new apartment buildings are constructed from wood in Finland, compared to almost 20% in Sweden.

  • FDI in Estonia totaled EUR 440 mln in Q2

    BNS – Direct investment in Estonia grew by 440 million euros during the second quarter of this year, while direct investment by residents of Estonia abroad increased by 29 million euros, the Bank of Estonia said on Thursday.

    Direct investment inflow was by 411 million euros bigger than outflow. Two-thirds of the growth in foreign direct investment was related to flows of intercompany lending between direct investment companies: assets to direct investors decreased, while liabilities increased.

  • VKG To Build Fuel Production Terminal

    Oil shale processing giant Viru Keemia Grupp (VKG) has announced that it will soon begin construction of a 250-million-euro diesel production facility, a move that mirrors the plans of its chief competitor, Eesti Energia.

    The plant, which should be completed by 2016, will employ 600 people, Eesti Päevaleht reported.

    "Talks with the designer and contractor to build a plant costing 250 million euros have now come to an end, and after a few weeks we will make a choice between two options," said VKG chairman Priit Rohumaa.

  • European Commission to bring forward new package of measures for ports in 2013

    Brussels, 8 September 2011 - Visiting the port of Rotterdam today, European Commission Vice-President Siim Kallas responsible for Transport announced his intention to bring forward in 2013 a package of proposals to help ports remain competitive and support the huge potential for growth in the port sector. The Vice President underlined his intention to bring forward measures: to support the reduction of the administrative burden in ports; proposals to improve the transparency of port financing; as well as proposals for measures on port services.

  • Consultation shows broad support for European Institute of Innovation and Technology

    Brussels, 8 September 2011 - Higher education, research and business organisations strongly support the mission of the European Institute of Innovation and Technology (EIT) to drive more and better cooperation between the worlds of academia, entrepreneurship, research and innovation. This is the result of a public consultation to which nearly 200 organisations and individuals responded.

  • High food prices prompt calls for more competition in Finland

    Finnish consumers would benefit from the entry of more foreign companies and greater price competition in the market, according to Juha Jokinen, Director General of the Finnish Competition Authority. Jokinen accepts that price competition is not working in Finland due to the dominant market position of the S-Group and K-Group, which have almost 80% market share in the sale of daily consumer goods.

  • Estonia Remains 33rd in Global Competitiveness

    For the second year in a row, Estonia has been ranked 33rd in the World Economic Forum's annual Global Competitiveness Report.

    The report, published September 7, assesses 142 countries based on a broad range of factors such as education, market efficiency, macroeconomic environment, labor market efficiency and technical readiness.

    In the overall rankings, Switzerland topped the list followed by Singapore.

  • Olli Rehn European Commissioner for Economic and Monetary Affairs Overcoming the Economic Crisis in Greece and Europe "Reset Greece" - ALDE Seminar Brussels, 7 September 2011

    Honourable Members, Ladies and Gentlemen,

    Let me thank you for the invitation to speak at today's highly topical seminar. I want to thank Jorgo and Theodoros for taking the initiative to have this opportunity to exchange views on this issue.

    In my intervention I will briefly touch upon the current economic situation, the state of play with Greece and the governance package.

  • Statement of the European Commission on new fiscal measures announced by Italian Government

    The European Commission welcomes the new measures announced today by the Italian Government. They confirm the determination of the Italian authorities to meet the agreed targets of deficit and debt reduction, while contributing to tackle the deep rooted structural weaknesses of the Italian economy.

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