Invest In EU News

  • Simobil sees revenues decline in 2016

     Mobile operator Simobil generated EUR 214.1m in revenues in 2016, which is 4.3% less than the previous year. Pre-tax profit (EBITDA) dropped by almost 35% to EUR 52.8m.

    Investments in capital assets meanwhile increased by almost 50% last year to EUR 26.8m, according to a report by Telekom Austria, which owns Simobil.

    As the second biggest mobile operator in Slovenia, the company had 714,300 subscribers for cellular services at the end of 2016, which is 0.8% more than a year before.

  • A new approach to the promotion of Latvian history

     State Chancellery in cooperation with Vidzeme University College of Social, Economic and Humanities Research Institute has published a wide range of informative material "Insight into Latvian history on key issues."

    Leading Latvian historians plain and intelligible language is explained the most important events and processes Latvian different time periods, from the Iron Age (500 year BC) to the present day.

  • The country’s economic capacity reserves are in the Southern Great Plain

     “Thanks to their agricultural and food industry opportunities and their workforce reserves, the regions of the Southern Great Plain represent Hungary’s reserve economic capacities”, the Minister heading the Prime Minister’s Office said in Békéscsaba.

  • The country’s economic capacity reserves are in the Southern Great Plain

     “Thanks to their agricultural and food industry opportunities and their workforce reserves, the regions of the Southern Great Plain represent Hungary’s reserve economic capacities”, the Minister heading the Prime Minister’s Office said in Békéscsaba.

  • Nine European countries launch a “Road Transport Alliance” in Paris to combat unfair competition

     Austria, Belgium, Denmark, France, Germany, Italy, Luxembourg, Norway and Sweden got together in Paris on 31 January to launch an “Alliance du Routier” (Road Transport Alliance). Its aim is to combat unfair competition in road freight transport, starting with social dumping.

  • Benelux vision on the future of Europe

     As founding member states, we are determined to make a success of the EU with 27 member states, building on their joint history and achievements. The European Union is more than the mere sum of its member states; it is founded on common values, with the ambition of bringing people together and working for their common good. We firmly believe that it remains the best answer to face today’s challenging times and shape tomorrow’s world. We wish to strengthen our cooperation, notably by taking the following principles into account:

  • Vice-President Ansip in Nigeria to boost digital partnership

     Andrus Ansip, Commission Vice-President for the Digital Single Market is in Nigeria for a two-day visit to explore synergies for a strong digital partnership. In line with the European Consensus on Development, the Commission identified four digital priority areas for African countries: affordable broadband connectivity, digital literacy and skills, digital entrepreneurs

  • Investment Plan for Europe: EUR 40 million for Bulgarian SMEs

     The European Investment Fund (EIF) and the National Guarantee Fund EAD (NGF) have signed an agreement that will release EUR 20 million in financing for Bulgarian small and medium-sized enterprises (SMEs) under the European Commission's COSME programme. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.

  • Antitrust: Commission opens three investigations into suspected anticompetitive practices in e-commerce

    The European Commission has launched three separate investigations to assess if certain online sales practices prevent, in breach of EU antitrust rules, consumers from enjoying cross-border choice and being able to buy consumer electronics, video games and hotel accommodation at competitive prices.

  • MALTA RECEIVED NEARLY TWO MILLION VISITORS IN 2016

     Malta received nearly two million tourists last year, an increase of 10.2 per cent over 2015, according to the National Statistics Office (NSO).

    Malta received nearly two million tourists last year, an increase of 10.2 per cent over 2015, according to the National Statistics Office (NSO).

  • Europe's energy transition is well underway

     The Second Report on the State of the Energy Union shows that the modernisation of the European Union economy and the transition to a low-carbon era are happening.

    In terms of greenhouse gas emissions, energy efficiency and renewable energy, Europe is on track to reach its 2020 targets. To further drive this process, the Commission today is announcing a new Energy Union tour.

  • EU and Mexico agree to accelerate trade talks

     The next two rounds for the EU-Mexico trade negotiations will take place in April and June 2017

    The European Union and Mexico will hold two additional negotiating rounds before summer as part of an accelerated negotiation schedule for a new, reformed Free Trade Agreement.

  • EU funds 133 innovations arising from frontier research with almost €20 million

     Today, the European Research Council (ERC) announced the winners of the latest Proof of Concept grants, designed to help bring the results of research closer to market. Winning researchers will receive €150,000 each in top-up funding to explore the innovation potential of their ERC-funded discoveries. Carlos Moedas, Commissioner for Research, Science and Innovation, said: "Through Horizon 2020, and the European Research Council in particular, we use EU funding to push the frontiers of science and knowledge.

  • TEM tells us more about the situation in the Tesla factory project in February

     The Ministry of Employment and the Economy supports the Tesla factory project to Finland. If implemented, it would be several billions of euros in investment and the creation of thousands of new jobs in Finland.

    the promotion of foreign investment coordinating Finland, Finpro, Invest in Finland unit mapped the location of the plant and the attractiveness of the Finnish factors.

  • NEW SYSTEM SIMPLIFIES VAT-FREE SHOPPING IN MALTA

     Non-EU nationals claiming VAT on large purchases bought in Malta will now find it easier to apply for their refund, Finance Minister Edward Scicluna said today.

    International service provider Fintrax Group will now be supplying tax refund services to the government, simplifying the process by which non-EU nationals can apply for tax rebates on large purchases made abroad.

  • Estonian and Lithuanian Prime Ministers were the focus of economic cooperation

     Today, the Estonian and Lithuanian government leaders had a bilateral meeting with the main focus on economic cooperation, which would be the Prime Minister Jüri Ratas compression believe one key to both the country's economic recovery.

  • Investment Plan for Europe: EUR 200 million for SMEs in the Czech Republic

     The European Investment Fund (EIF) and Komerční banka have signed an InnovFin SME guarantee agreement to provide a EUR 200 million worth of loans for small and medium-sized enterprises (SMEs) and small mid-caps in the Czech Republic. This transaction benefits from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. It is estimated that over 300 innovative SMEs will stand to benefit from this agreement over the next two years.

  • 6PM ACQUISITION TO GO FORWARD AS SHAREHOLDERS SUBMIT ACCEPTANCES

     Maltese software company 6PM has received more than 98 per cent of acceptances from its shareholders, pacing the way for the acquisition by British firm Idox.

    Maltese software company 6PM has received more than 98 per cent of acceptances from its shareholders, pacing the way for the acquisition by British firm Idox.

    The deal had already been accepted by 70 per cent of shareholders by early January, but needed at least 90 per cent approval to go forward.

  • We must face up to the world-shaking tragedy of the Holocaust

     “The world’s responsible states must face up to the ‘world-shaking’ tragedy of the Holocaust”, Minister of State for EU Affairs Szabolcs Takács from the Prime Minister’s Office declared on International Holocaust Remembrance Day at a commemoration organised by the March of the Living Foundation in Budapest on Thursday.

  • Minister of Orphan entrepreneurs negotiation seminar: Now all bets on growth and renewal

     Finance Minister Peter spoke of Orphan Sunday chairmen 29.01.2017 Finnish entrepreneurs in negotiating Days of the situation, challenges and actions necessary for the Finnish economy.

  • WTO rules in favour of the EU in dispute on Russian duties on light commercial vehicles

     A World Trade Organisation (WTO) panel today declared as illegal the Russian anti-dumping duties that hinder exports of Italian and German light commercial vehicles (LCVs).

    The panel ruled that Russia failed to observe a number of WTO rules when introducing the anti-dumping duties in 2013, which range from 23% to nearly 30% and affect exports of Italian and German vehicles.

  • The Government supports the rapid completion of the land reform

     At today's cabinet meeting, the government supported the Environment Minister Marko Pomerants proposals to speed up the completion of the land reform the state land reserve approved retention policy. The government approved in principle the one million euro allocation of land to the Agency the necessary IT investments, and other expenses related to the termination of the reform. 

  • Mergers: Commission clears acquisition of certain logistic assets in Germany by NN Group, Poste Vita and CBRE

     The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over a portfolio of ten logistics assets located in Germany by the NN Group N.V. via its wholly owned subsidiary REI Germany Cross Docks B.V. of the Netherlands on the one hand, and by the CBRE Group Inc. of the US and Poste Vita of Italy on the other hand.

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