Invest In EU News

  • 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.

  • 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.

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