Invest In EU News

  • Mergers: Commission approves acquisition of Banco Popular Español S.A. by Banco Santander

     The European Commission has approved, under the EU Merger Regulation, Banco Santander's proposed acquisition of Banco Popular Español, S.A. The Commission concluded that the transaction would not raise competition concerns in the European Economic Area.

  • Another Green Apple in the Danish Orchard

     Apple significantly increases its data centre investments in Denmark by announcing the plans for a new data centre in Aabenraa – in the Southwestern part of Denmark not far from the data centre being built in Viborg.

  • Singapore and Denmark Sign Fintech Cooperation Agreement

     A new fintech cooperation agreement aims to build bridges to promote innovation in financial services and assist fintech companies with expanding abroad.

    The Monetary Authority of Singapore (MAS) and the Danish Financial Supervisory Authority (Danish FSA) has signed a fintech cooperation agreement which aims to help fintech companies in Singapore and Denmark to expand into each other’s markets.

  • Mergers: Commission clears joint acquisition of LBC Tank Terminals by Ardian, APG and PGGM

    The European Commission has approved, under the European Merger Regulation, the acquisition of LBC Tank Terminals, based in Belgium, by Ardian, based in France, APG and PGGM, both based in the Netherlands. LBC Tank Terminals operates in bulk storage terminals for refined chemicals, hydrocarbons and refined petroleum products. Ardian is a private equity fund. APG is active in business counseling, asset management, pension administration and service to employers. PGGM operates in the area of ​​pension fund management, asset management, managerial and advi

  • After 10 Years, Air Malta Almost Breaks Even – Report

     Malta’s national airline has almost managed to break even between April and June 2017 for the first time in a decade, the Times of Malta reported.

    The Times obtained the details from leaked accounts, since Air Malta has not yet published its audited accounts for the year ended March 2017, nor for the year ended March 2016.

    In the first three months of its financial year, the company managed to bring its losses down to €0.4 million, almost breaking even.

  • Freelance Advisor on Strategic Communication issues at the Prime Minister's Office

    At the office of Prime Minister Maris Kuczinska on Monday, August 7, Freelance Adviser on Strategic Communication Guna Šnore starts work.

    Her tasks include providing support to state administration institutions in coordinating and planning communication, so that decisions and policies adopted by the government can be understood by all residents of Latvia.

  • State aid: Commission approves aid scheme of up to €10 million for new air routes to the region of Limburg in the Netherlands

     The European Commission has found that a Dutch scheme to grant start-up aid to airlines launching new routes to and from the airport of Maastricht/Aachen is in line with EU State aid rules. The Commission has concluded that the project will improve the connectivity of the region with other regions across Europe, in line with EU objectives, without distorting competition in the Single Market. The scheme will last until 31 December 2019, with a total budget of up to €10 million.

  • The World's Largest Online Poker Company Continues Growing In Malta

    Stars Group Inc., the world’s largest online poker brand, has moved from Msida to St Julian’s to accommodate its growing workforce.

    Stars Group Inc., the world’s largest online poker brand, has moved from Msida to St Julian’s to accommodate its growing workforce.

  • State aid: Commission concludes Dutch state guarantee to finance shipping companies involves no aid

     The European Commission has found that a Dutch state guarantee to support the availability of credit for small and medium-sized ship-owners involves no State aidwithin the meaning of the EU rules. The State guarantee will be granted to the NESEC Shipping Debt Fund ("NSDF"), still to be established. NSDF intends to provide senior secured finance for small and medium-sized ship-owners active in the regional shipping sector. Thereby it will address the financing bottleneck that has arisen since the financial crisis.

  • Commission launched consultation on EU initiative to develop Europe's supercomputers

     With the aim of creating a European initiative on high performance computing, the Commission launched yesterday afternoon a consultation calling for opinions on the future development of supercomputing. The results of the consultation will help support the development of the next generation computing and data infrastructure in Europe.

  • Enhance decision-making procedure for apartment owners regarding the establishment of electronic communications networks

     The administrative burden in organizing the decision-making process of apartment owners will be reduced, providing that not only the manager of the apartment house (owners or managers of the apartment house), but also the electronic communications merchants will be able to ascertain the decision of the apartment owners regarding the construction or installation of electronic communication networks in a survey.

  • Mergers: Commission clears joint venture by Magna and HAPM in automotive sector

     The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Magna International Inc. of Canada, and Hubei Aviation Precision Machinery Technology Co., Ltd. (HAPM), ultimately controlled by AVIC Electromechanical Systems Co. Ltd., of China. Magna is active in the supply of a broad range of automotive components, including body, chassis, exterior, seating, powertrain, active driver assistance, vision, closure and roof systems, as well as complete vehicle engineering and contract manufacturing.

  • Antitrust: Commission sends supplementary Statement of Objections to Visa on inter-regional interchange fees

     The European Commission has sent a supplementary Statement of Objections to Visa Inc. and Visa International. This is a procedural step in the Commission's ongoing investigation under EU antitrust rules into the collective setting of the fees that merchants are charged by the Visa card holder's bank for each Visa card payment carried out at their shops. The cost increase caused by these fees is not charged directly to the Visa card user but is spread across all consumer transactions at different merchants (shops).

  • Malta Can't Afford Not To Have Its Own Airline, Says Air Malta's New Chairman

     “Malta cannot afford not having its own airline that provides vital passenger and cargo connections to and from the Maltese islands,” Air Malta’s new chairman Charles Mangion stated.

    “Malta cannot afford not having its own airline that provides vital passenger and cargo connections to and from the Maltese islands,” Air Malta’s new chairman Charles Mangion stated.

  • Malta Stock Exchange Introduces New Index

     The Malta Stock Exchange has introduced the Malta Stock Exchange Total Return Index – MSETRX, a methodology that calculates the value of investment in equities through an index.

    The Malta Stock Exchange has introduced the Malta Stock Exchange Total Return Index – MSETRX, a methodology that calculates the value of investment in equities through an index.

  • Mergers: EU Commission clears acquisition of joint control over PSA DGD by TIL and PSA

     The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over PSA DGD of Belgium, by Terminal Investment Limited Sàrl (TIL) of Switzerland and PSA International Pte Ltd (PSA) of Singapore. PSA DGD is an operator of a container terminal in the Deurganck dock in the Port of Antwerp. TIL is a terminal operating company, which invests in, develops and manages container terminals around the world, often in joint ventures with other terminal operators. TIL is jointly controlled by MSC Mediterranean Shipping Company and investment

  • Mergers: Commission clears acquisition of a business unit of Esso Italiana by Intervias

     The European Commission has approved, under the EU Merger Regulation, the acquisition of a business unit of Esso Italiana S.r.l. (“Esso Italiana fuel stations business”) by Intervias Group Ltd of the UK. The Esso Italiana fuel stations business consists of 1,176 fuel stations located in Italy. Intervias is active in the operation of fuel stations, convenience stores, car washes, bakeries, restaurants, hotel activities and car rentals in Belgium, France, Luxembourg, the Netherlands and the UK, via its wholly owned subsidiaries Eurogares Ltd. and European Forecourt Retail Group,.

  • EU Commission proposes to review all permits of large combustion plants in order to tackle pollution

     Today the Commission takes action to tackle pollution from large combustion plants, such as power stations and district heating plants, which are responsible for about one-third of all air pollutants from industry. Large combustion plants – with a total thermal input of more than 50 megawatt, irrespective of the type of fuel used – are the biggest sectoral emitters in the EU. Therefore more cost-effective and technically feasible reductions of emissions are required.

  • State aid: Commission approves public support to Frankfurt-Hahn airport

     The European Commission has found public support by the Land of Rhineland-Palatinate to Frankfurt-Hahn airport in Germany to be in line with EU state aid rules. The support ensures the airport can continue to serve the area's transport needs until private investment enables its return to viability.

  • State aid: Commission approves rescue and restructuring aid scheme for SMEs in Belgium's Wallonia region

     The European Commission has found a €20 million Belgian aid scheme aimed at facilitating the rescue and restructuring of small and medium sized companies (SMEs) in the region of Wallonia to be in line with EU State aid rules. Under the scheme, which will run until 2020, the publicly-owned "Société Wallonne de Gestion et de Participation" ("SOGEPA") will be entitled to offer rescue and restructuring support to Walloon SMEs in financial difficulty. SOGEPA will provide support notably if a company's default would likely to trigger social hardship in the region.

  • E-commerce: making online shopping safer for consumers

     The Commission has today issued guidelines to help national market surveillance authorities better control products sold online. In 2017, 55% of Europeans buy online (2017 Consumer Scoreboard) and get products shipped directly to their door, escaping the authorities' traditional controls. Some of these products might be dangerous and not in line with EU product safety laws, for instance toys containing substances banned in the EU.

  • Mergers: Commission conditionally clears both FMC's acquisition of parts of DuPont's crop protection business and DuPont's acquisition of FMC's Health and Nutrition business

     The European Commission has conditionally approved, under the EU Merger Regulation, FMC's proposed acquisition of parts of DuPont's crop protection business and DuPont's acquisition of FMC's Health and Nutrition business. Both transactions are related to the Dow/DuPont merger divestment commitments.

  • "IF A BUSINESS HAS A PROBLEM WHERE NO SOLUTION EXISTS, AI CAN STEP IN"

     Professor Alexiei Dingli, Head of the University Artificial Intelligence department, talks through how artificial intelligence can help businesses solve problems.

  • Mergers: Commission opens in-depth investigation into Knorr-Bremse's proposed takeover of competing brakes manufacturer Haldex

     The European Commission has opened an in-depth investigation to assess the proposed takeover of Haldex by Knorr-Bremse under the EU Merger Regulation. The Commission has concerns that the deal may reduce competition for brake systems and related components for commercial vehicles in Europe. The Commission's initial investigation has shown that the proposed merger would likely remove a significant competitor from an already very concentrated sector.

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