Invest In EU News

  • Mergers: Commission clears acquisition of US specialty chemical company Lubrizol Corporation by Berkshire Hathaway

    Brussels, 25 August 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of sole control of Lubrizol by Berkshire. The Commission concluded that the transaction would not raise competition concerns, because of the parties' moderate market shares and the presence of a number of credible competitors in the markets concerned. The Commission examined the competitive effects of the proposed acquisition in the affected markets for the sale of acrylic emulsions, glass fibre products, DBSAM and decorative coatings.

  • Commissioner Georgieva pledges support for African governments to break the vicious circle of drought and hunger in the Horn of Africa

    Brussels, 25 August 2011 - To act fast, to give generously and to work together are the essential conditions for containing the famine, refugee and drought crises in the Horn of Africa. But African countries must also take long-term measures, with the support of the international community, to ensure that drought does not equal famine again.

  • Corporate governance: companies need more flexibility if they are to thrive and survive, says EESC

    Corporate governance: companies need more flexibility if they are to thrive and survive, says EESC
    EESC hearing in Sofia on 2 September 2011

  • Samsung selects Finnish universities for SAIT GRO research funding

    Aalto University’s medical research and Tampere University of Technology’s Future IT research are among the leading universities in the world selected for SAIT GRO funding.

  • Finnish timber housing has excellent market potential

    Timber apartment blocks could have a 10% market share by 2020 and also have good export potential, according to Mika Airaksela, managing director Rakennusliike Reponen Oy.
     

  • Invest in Denmark's International Business Seminar 2011 will shed new light on the cross section between Life Sciences and ICT

    On 14 September Invest in Denmark will host its yearly International Business Seminar in Aarhus with a focus on new business opportunities in the cross section between Life Sciences and ICT – an area where Denmark has the potential to develop an international cluster and attract new investments to the country. 

  • Mergers: Commission clears acquisition of Amprion by Molaris and Commerz Real

    Brussels, 23 August 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of joint control over the German electricity transmission system operator Amprion by real estate group Molaris and asset management group Commerz Real, all from Germany. Amprion is currently solely controlled by German RWE which is active in the electricity and natural gas markets.

  • Tunisia: European support of €110 million for economic recovery

    Brussels, 23 August 2011 – Today the European Union (EU) approved two new financial assistance programmes for Tunisia, for a total of €110 million. These two programmes are part of the additional aid being provided by the EU to Tunisia following the January 2011 revolution, aimed at supporting the political and economic transition by improving economic and social conditions and developing new sources of employment.

  • Moody's Upgrades Bulgaria's Debt Ratings, Praises Sofia's State Finances

    Moody's Investors Service has upgraded Bulgaria's government debt ratings to Baa2 with a stable outlook from Baa3 in a long-anticipated review.

    According to a statement on the website of the international credit rating agency signed by Kristin Lindow, Senior Vice President, Sovereign Risk Group, Moody's Investor Service, the improvement reflects Bulgaria's ongoing fiscal discipline and improving institutional strength as well as the financial system's relative resilience in a volatile regional environment.

  • Palestinian people and local business at the heart of the Commission's new assistance package

    Brussels, 22 August 2011 - The European Commission today announced additional financial support to the Occupied Palestinian Territory for state-building, water-management and sanitation, as well as education and health services for refugees.

    The €115 million package will also comprise financial assistance to businesses in the West Bank, helping to create jobs and generate growth in the area. The United Nations Relief and Works Agency for Palestinian Refugees (UNRWA) will benefit through a € 40 million share of the new funding.

  • EU Globalisation Fund support for workers increases three-fold in 2010 to over € 83 million

    Brussels, 22 August 2011 – Nearly 23 700 workers dismissed due to economic crisis and major structural changes in world trade patterns were helped by the European Globalisation Adjustment Fund (EGF) last year, according to a report adopted today by the European Commission – more than double the number of workers helped by the Fund in 2009. The €83.5 million paid out by the EU's Globalisation Fund to nine Member States are intended to help the national authorities as they support dismissed workers in finding new job opportunities.

  • North and east Finland are among the most promising areas for rare earth metals in the EU

    The ongoing mining boom in Finland may accelerate to a whole new level over the next few years as the international interest in rare earth metals intensifies. Finland’s bedrock is viewed as unusually promising for the occurrence of rare earth metals. At least 60 different companies have explored rare earth metals in north and east Finland during the past five years, according to Lauri Ojanen, principal of University of Oulu.

  • ADM to Acquire Rapeseed Processing and Biodiesel Company in Poland

    Archer Daniels Midland Company announced Friday another important step in the expansion of its oilseed processing, food manufacturing and biodiesel capabilities with the signing of an agreement to purchase a majority share of Elstar Oils S.A.

    A Warsaw-listed company, Elstar is a leading Polish manufacturer of quality refined vegetable oils and fats for the food industry, and biodiesel for the energy market. The purchase is subject to approval by relevant antitrust authorities.

  • German Gaming Industry Revenues Surpass Music and Cinema

    Berlin/Cologne - Gaming industry revenues in Germany have overtaken both the music industry and cinema-going. Taking in EUR 1.86 billion in 2010 with growth rates of 6 percent, Germany is turning heads in a segment long dominated by countries like Japan, Korea and the USA. And with Germany’s economy buzzing along despite global economic turbulence, start-up hotspots like Berlin are drawing increasing attention.

  • Estonia's Economic Growth Remains Highest in EU

    As in the first quarter of the year, the 8.4-percent economic growth reported by Estonia in the second quarter was the highest among the EU countries.

    Compared to the same period last year, the Lithuanian economy grew by 5.9 percent and the Latvian economy by 5.7 percent.
     
    According to Eurostat, the GDP growth figure for the EU and the Eurozone economies dropped from 2.5 percent in the first quarter to 1.7 percent in the second quarter.

  • Novo Nordisk invests 134 million euros in new factory in Denmark

    The global healthcare company Novo Nordisk is investing 134 million euros (close to 1 billion Danish kroner) in a new factory in Kalundborg, Denmark, for the production of biopharmaceuticals such as haemophilia medicine, growth hormone and other current and future pharmaceuticals.

    The factory is expected to create 120–150 new jobs in Kalundborg over the next three years.

    The plans for the new factory have been underway since June of last year and were finally approved last week. Groundbreaking for the new factory will take place on 22 August.

  • EU Commission approves acquisition of Phadia by Thermo Fisher

    Brussels, 19 August - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of CB Diagnostics Holding AB, the holding company of Phadia Holding AB ("Phadia", Sweden), by Thermo Fisher Scientific Inc. (“Thermo Fisher”, US). The Commission concluded that the transaction would not raise competition concerns, because the parties are not close competitors and the merged entity would be constrained by sufficient number of third party competitors active in in vitro autoimmune diseases diagnostics.

  • EU Commission clears acquisition of the specialty chemicals company ISP by Ashland

    Brussels, 16 August 2011 - The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the US-based speciality chemicals company International Specialty Products ("ISP") by another American company Ashland. The Commission concluded that the transaction would not raise competition concerns because the companies' activities are largely complementary and the transaction would not significantly modify the structure of the market.

  • India’s NIIT Technologies acquires Spain’s Proyecta Sistemas

    NIIT Technologies Limited, a global IT solutions organization, announced the acquisition of Proyecta Sistemas de Informacion S.A. (Proyecta), a software Services Company headquartered in Madrid.

    The acquisition enables NIIT Technologies to enhance its European footprint with Proyecta’s successful experience in servicing industry leaders in the Travel and Financial Services segments.
     

  • Cargill makes binding offer to acquire Provimi

    Cargill has made a binding offer to acquire Provimi, the global animal nutrition company, for an enterprise value of €1.5 billion from Permira funds, the private equity firm which owns Provimi.

    Provimi has agreed, on an exclusive basis, to commence the necessary Works Council consultations and appropriate regulatory approvals.

  • World Humanitarian Day: Europe's support to humanitarian work

    There are more than half a million aid workers in the world today, counting both relief and development personnel. The last detailed assessment of the sector, carried out in 2008, placed the number of humanitarians at 595,000 (including international and national employees of UN humanitarian agencies, international non-governmental organisations and the International Red Cross and Red Crescent family).  

    Space for helping humanity

  • Construction output down by 1.8% in euro area, Down by 1.3% in the EU27

    In the construction sector, seasonally adjusted production fell by 1.8% in the euro area2 (EA17) and by 1.3% in the EU272 in June 2011, compared with the previous month. In May3, production increased by 0.1% in the euro area and remained stable in the EU27.

    Compared with June 2010, output in June 2011 dropped by 11.3% in the euro area and by 8.1% in the EU27.

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

    Figures and graphics available in PDF and WORD PROCESSED

    Monthly comparison

  • Aegis Group plc purchases Austrian-based digital creative agency, Pjure

    Aegis Group plc, one of the world's leading marketing communications and market research groups, Tuesday announced that it has acquired pjure, an Austrian-based digital creative agency.

    With its roots in online advertising and e-dialogue marketing, established in 2000, pjure has since grown rapidly. Today pjure is one of the top flight Austrian digital creative agencies, successfully operating in the fields of digital marketing; dialogue/direct marketing and creative services.

  • €1.4 million from EU Globalisation Fund to help 680 workers in Portugal's shoe industry

    Brussels, 17 August 2011 - The European Commission has approved an application from Portugal for assistance from the EU Globalisation Adjustment Fund (EGF). The grant of € 1.4 million will help 680 redundant workers in shoe manufacturing to find new jobs. The Commission is making a proposal to the European Parliament and the Council of the European Union to mobilise the budgetary resources.

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