Invest In EU News

  • New Commission support to improve living conditions and create jobs in Egypt

    Brussels, 17 August 2011 - The European Commission has today approved €100 million for Egypt, to help improve living conditions for the poor in Cairo, create more jobs, and make sustainable energy more widely available. The new support will improve environmental conditions in the area by financing initiatives for waste collection, recycling of solid waste, solar energy systems for health clinics and waste water disposal.

  • Commission announces new support for education and renewable energy in Jordan

    Brussels, 17 August 2011 - A new €71 million assistance package allocated today for Jordan will provide critical support to education, renewable energy and the implementation of the country's European Neighbourhood Policy Action Plan.

  • EU bolsters support for justice and governance in Lebanon

    Brussels, 17 August 2011 - European Union funding, allocated today, will help to reform the Lebanese justice system by implementing new training for clerks and opening up a national debate on the independence of the judiciary system by giving the Lebanese people chance to make their views heard in conferences and seminars.

  • Flash estimate for the second quarter of 2011 Euro area and EU27 GDP up by 0.2% +1.7% in both zones compared with the second quarter of 2010

    GDP increased by 0.2% in both the euro area1 (EA17) and the EU271 during the second quarter of 2011, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the first quarter of 2011, growth rates were +0.8% in both zones.

    Compared with the same quarter of the previous year, seasonally adjusted GDP increased by 1.7% in both zones in the second quarter of 2011, after +2.5% in both zones in the previous quarter.

  • June 2011 Euro area external trade surplus 0.9 bn euro 12.2 bn euro deficit for EU27

    The first estimate for euro area1 (EA17) trade with the rest of the world in June 2011 gave a 0.9 bn euro surplus, compared with +0.7 bn euro in June 2010. The May 20112 balance was +0.2 bn, compared with -4.9 bn in May 2010. In June 2011 compared with May 2011, seasonally adjusted exports fell by 4.7% and imports by 4.1%.

  • MGPA acquires a landmark high street retail property in Copenhagen

    MGPA, the independent private equity real estate investment advisory company, on behalf of MGPA Europe Fund III (the Fund), announced Tuesday the acquisition of a landmark high street retail property in central Copenhagen.

    The acquisition is a joint venture with Partners Group and a Canadian institutional investor, where the Fund holds a majority stake and controlling interest. The purchase price was in the region of €220 million and Senior Debt was provided by SEB.

  • European Airline Orders Four Bombardier Q400 NextGen Turboprops

    TORONTO, ONTARIO--(Marketwire - August 17, 2011) - Bombardier Aerospace announced today that a European airline, which has requested to remain unidentified at the present time, has signed a firm order for four Q400 NextGen high-speed turboprop airliners. The transaction includes options on an additional four Q400 NextGen aircraft.

    Based on the Q400 NextGen aircraft list price, the firm order is valued at approximately $126 million US.

  • Van Leeuwen Pipe acquires Teuling Staal B.V.

    The Van Leeuwen Pipe and Tube Group has acquired Teuling Staal B.V. Teuling Staal, situated in Barendrecht, is a specialist in the field of duplex and super duplex stainless steel materials.

    Teuling Staal, founded in 1977, is a leading supplier of duplex and super duplex stainless steel pipes, fittings, flanges and special products for both the Oil and gas and Offshore industry. Teuling Staal has a wide range of products in stock from which it supplies its primarily Western European customer base.

  • Pearson acquires Germany’s Stark Holding from Syntegra Capital

    Pearson, the world’s leading learning company, announced the acquisition of Stark Holding (Stark) from Syntegra Capital.

    Stark is a leading provider of education materials including test preparation resources for pupils and teachers. The company is widely recognized for its high quality products, particularly in Maths, German and English.

  • Industrial production down by 0.7% in euro area Down by 1.2% in EU27

    In June 2011 compared with May 2011, seasonally adjusted industrial production1 fell by 0.7% in the euro area2 (EA17) and by 1.2% in the EU272. In May3 production rose by 0.2% in both zones.

    In June 2011 compared with June 2010, industrial production increased by 2.9% in the euro area and by 1.7% in the EU27.

    These estimates are released by Eurostat, the statistical office of the European Union.

    Figures and graphics available in PDF and WORD PROCESSED

    Monthly comparison

  • Commission clears British private equity company 3i Group purchase of Dutch company Action Holdings B.V.

    The European Commission has granted clearance under the EU Merger Regulation to the acquisition by British private equity company 3i Group of Dutch company Action Holdings B.V. 3i is a private equity and alternative asset management company which holds investments in various sectors of industry and services. Action is mainly active in the non-food retail sector. The operation was examined under the simplified merger review procedure.

    12 Aug 2011.

  • The EU requests WTO consultations with Canada over Ontario's renewable energy policy

    The European Union has decided to request WTO consultations with Canada regarding the renewable energy policy of one of its provinces, Ontario, which provides subsidies to producers of renewable energy provided they use domestic technology. This is in clear breach of the WTO rules that prohibit linking subsidies to the use of domestic products. Exports from the EU into Canada in wind power and photovoltaic power generation equipment are significant, ranging from 300 to 600 million € in 2007-2009.

  • Statement by the EC, ECB, and IMF on the First Review Mission to Portugal

    Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Lisbon during August 1-12 for the first regular quarterly review of the government’s economic program. The objectives of the program are to restore competitiveness and to put Portugal’s economy on the path of sustainable growth, sound public finances and job creation.

  • The European Commission proposes a new Regulation for the sustainable management of Baltic salmon

    Brussels, 12 August 2011 - The European Commission has tabled its proposal for a new Regulation of the Council and the European Parliament establishing a multiannual plan for the sustainable management of Baltic salmon.

  • European citizens making more requests for Commission documents than ever before

    Brussels, 12 August 2011 – Europe's citizens are showing an ever greater interest in Commission activities, over a growing number of policy areas. That's the conclusion of the latest annual report on public access to documents, which shows an 18% increase in the number of requests for documents in 2010.

  • Berlitz Corp. acquires France’s global provider of language services

    Berlitz Corporation Thursday announced its acquisition of Telelangue SA, a global provider of language services based in Paris, France.
     
    Telelangue specializes in distance blended-learning and offers their clients custom-made phone classes and an award-winning e-learning program, supported by an advanced learning management system. 

  • European Commission proposes to make 2013 the "European Year of Citizens"

    Brussels, 11 August 2011 – Union citizenship and the rights that go with it are one of the key pillars of the European Union. As we mark the 20th anniversary of the establishment of Union citizenship under the Maastricht Treaty, on 1 November 1993, the European Commission has today proposed to designate 2013 as the "European Year of Citizens".

  • EU Commission accepts that Spain can temporarily restrict the free movement of Romanian workers

    Brussels, 11 August 2011 - Following a request from the Spanish authorities on 28th July 2011, the European Commission has approved Spain's request to restrict its labour market to Romanian workers until 31 December 2012 due to serious disturbances on its labour market. Spain has been hit very hard by the crisis. The unprecedented fall in GDP (‑3.9% between 2008 and 2010) has resulted in the highest unemployment rate in the EU, over 20% since May 2010.

  • Saint-Gobain Performance Plastics extends its habitat offer via the acquisition of Solar Gard

    Saint-Gobain Performance Plastics has signed an agreement to wholly acquire the businesses making up the Bekaert Specialty Films (BSF) activity of the Belgian Group Bekaert.

    This business, operating under the name Solar Gard, is specialized in the development, manufacturing and distribution of coated films used on the habitat market (architectural glazing for residential and commercial buildings), the automotive market, and various industrial applications.

  • Top European corporate R&D investors set to increase innovation efforts by 5% a year

    Brussels. 10 August 2011 - Top R&D investing companies based in the EU expect their global research and development (R&D) investments to grow by 5% annually from 2011 to 2013. This is more than double last year's expectations, and represents a significant upturn from the 2.6% R&D cuts in investment implemented by these companies in 2009.

  • Sodexo announces agreement to acquire the French company Lenôtre from Accor

    Sodexo announced Monday that it has signed an agreement to acquire the French company Lenôtre from Accor. The transaction remains subject to approval from the competition authorities. The amount involved in the transaction was not revealed.
     

  • EU funds new research project to respond to unexpected epidemic threats

    Brussels, 9 August 2011 - The European Commission has decided to allocate an additional €12 million from the EU's Research Framework Programme to reinforce Europe's capacity for tackling pathogens like the virulent Escherichia coli (E.coli) bacteria that recently infected close to 4,000 people in Europe and killed 46. This autumn, a cross-border consortium called ANTIGONE will start work on research aimed at getting as full a scientific picture as possible of the new E.

  • TelecityGroup buys leading Irish data centre operator Data Electronics

    TelecityGroup, Europe's industry-leading provider of carrier-neutral data centers, Monday announced it has acquired Data Electronics Group Limited (Data Electronics), Ireland’s leading provider of highly connected carrier-neutral data centers, for a total consideration of £87.6 million in cash.

  • Total confirms the sale of its 48.83% interest in Spain’s CEPSA for €3.7 billion

    In line with the agreement signed by Total and IPIC on February 15, 2011, Total has tendered its entire 48.83% interest in CEPSA following IPIC’s takeover bid for the company, at a price of €28 per share.
     
    Total received €3.7 billion for its shares on July 29, 2011. Aligned with its active asset management strategy, the transaction allows the Group to further reduce its exposure to European refining. It has cut its European refining capacity by nearly 25%, or 550,000 barrels per day, since early 2007.
     

© Copyright 2010-16 Invest in EU All rights reserved.