Invest In EU News

  • Capital Markets Union: EU agrees to more support for venture capital and social enterprises

     Small and medium-sized enterprises and social enterprises will enjoy better access to finance, thanks to the European Parliament, the Council and the Commission. The revamped rules are part of the Commission's drive to stimulate venture capital investments in the EU, a core objective of its Capital Markets Union (CMU) project. The Commission proposes an overhaul of the European Venture Capital Funds (EuVECA) and the European Social Entrepreneurship Funds (EuSEF) regulations in 2016 as part of the CMU Action Plan. The objective of these reforms is to improve the quality

  • Europe on the Move: Commission takes action for clean, competitive and connected mobility

     The European Commission is today taking action to modernise European mobility and transport. The aim is to help the sector to remain competitive in a socially fair transition towards clean energy and digitalisation.

  • Mergers: Commission clears acquisition of EDF nuclear reactor activity by EDF

     The European Commission has approved EDF's proposed acquisition of New NP, the nuclear reactor activity of the Areva Group, under the EU Merger Regulation. The Commission concluded that the transaction would not give rise to competition concerns. EDF plans to repurchase between 51% and 75% of the capital of the "New NP" entity, which includes the nuclear reactor business of the Areva group. In view of the vertical relations between the two undertakings, the Commission concluded that the proposed acquisition was not likely to give rise

  • European Solidarity Corps: Commission proposes more than €340 million to enable 100 000 placements by 2020

     Today, the Commission has put the European Solidarity Corps on a firm footing by proposing a budget for the next three years and a dedicated legal base.

    This will help consolidate the initiative and create more opportunities for young people. As well as offering volunteering, traineeships and job placements, the European Solidarity Corps will now also provide participants the opportunity to set up their own solidarity projects or to volunteer as a group.

  • 2018 EU budget: Commission proposes budget with focus on jobs, investments, migration and security

     The Commission today proposed a draft budget for 2018 of €161 billion in commitments to stimulate the creation of more jobs, especially for young people, and to boost growth and strategic investments.

    Building on the actions already undertaken in previous years, next year's EU budget will continue dealing effectively with the migration challenge, both inside and outside the EU. Improved reporting will enhance the focus on concrete results which will be achieved thanks to EU funding.

  • Mergers: Commission clears the acquisition of the soft trim and acoustics business of IAC by Shanghai Shenda

     The European Commission has approved under the EU Merger Regulation the acquisition of sole control by Shanghai Shenda Co, Ltd, controlled by Shangtex Holding Co. Ltd ("Shangtex") of China over the soft trim and acoustics business of International Automotive Components Group S.A. ("IAC") of Luxembourg. IAC manufactures and supplies of a range of automotive interiors parts, including soft trim and acoustics products. Shangtex is active in the trade of textiles and the manufacturing of industrial textiles, such as soft trim and acoustics products for automotive applications.

  • Commission welcomes adoption of new rules to block tax avoidance

     The European Commission has welcomed the formal adoption today of new EU rules to prevent tax avoidance via non-EU countries.

    The agreed rules will stop companies from escaping tax by exploiting the mismatches between Member States' and non-EU countries' tax systems ("hybrid mismatches"). Today's agreement completes the Anti Tax Avoidance Directive (ATAD) which ensures that binding and robust anti-abuse measures are applied throughout the Single Market.

  • EU announces over €44 million of humanitarian funding to help people in need in Afghanistan, Iran and Pakistan

     The European Commission has announced humanitarian assistance of over €44 million to help people in need in South-West and Central Asia, who continue to face the consequences of years of conflicts and displacement, as well as recurrent natural disasters.

    The funding will support Afghan refugees and their families in Iran and Pakistan, help victims of conflict in Afghanistan and improve disaster risk management in Central Asia.

  • Vodafone And Melita Will Merge Companies

     The shareholders of Vodafone Malta and Melita Ltd have announced that the companies will be merging into one, operating under the Vodafone brand.

    The shareholders of Vodafone Malta and Melita Ltd have announced that the companies will be merging into one, operating under the Vodafone brand.

  • No illegal migrant will gain access to any country from Hungary

     Szabolcs Takács, Minister of State responsible for EU affairs at the Prime Minister’s Office had talks in Finland and in Estonia which will assume the EU Presidency as of 1 July, and reassured his hosts that no illegal migrant will gain access to Northern-Europe or to any other country from the territory of Hungary.

  • Juncker Plan-backed investment platform to support social and affordable housing in Poland

     The Juncker Plan has backed an investment platform established by the European Investment Bank (EIB) and Bank Gospodarstwa Krajowego (BGK), Poland's national development, which aims to contribute to social inclusion by supporting social and affordable pr

  • State aid: Commission opens investigation into proposed public financing of Jaguar Land Rover plant in Slovakia

     The European Commission has opened an in-depth investigation to assess whether Slovakia's plans to grant €125 million to Jaguar Land Rover for investing in a car plant in Nitra (Slovakia) are in line with EU rules on regional state aid.

  • EU announces new aid for natural disasters for Latin America and the Caribbean at UN Conference

     The European Commission has today announced new funding of €14.3 million to support countries affected by natural disasters and invest in disaster risk reduction and resilience in Latin America and the Caribbean in 2017.

  • Entrepreneurs are Government’s most important allies

     Entrepreneurs who are able to provide jobs for themselves and also for others are the Government’s most important allies, the Minister heading the Prime Minister’s Office said on Friday in Hódmezővásárhely.

  • Caster: Estonia and Slovenia, the European Union sympathizers digiteemades

     Prime Minister Jüri Ratas met in Ljubljana, Slovenia's Prime Minister Cerariga. The purpose of the meeting was to introduce Estonia to the European Union Council Presidency priorities and to exchange information on important topical issues in the European Union and elsewhere. It was raised in the meeting of the Estonian and Slovenian bilateral relations issue.

     

  • More European sites meet excellent bathing water quality standards than ever before

     More than 85% of bathing water sites monitored across Europe in 2016 met the most stringent ‘excellent' quality standards — meaning they were mostly free from pollutants harmful to human health and the environment, according to the annual bathing water quality report published today.

    Over 96% of bathing water sites met minimum quality requirements set out under European Union rules.

  • EU Commission welcomes agreement on effective rules to resolve double taxation problems

     The Commission has welcomed the agreement reached today by Member States on new measures to help resolve double taxation problems for all citizens and businesses in the EU. Proposed by the Commission only seven months ago, the new rules will allow businesses and citizens to reduce double taxation, one of the biggest obstacles to the functioning of the Single Market. Double taxation occurs when the same income is taxed by two or more Member States, creating uncertainty, unnecessary cost and cash-flow problems for taxpayers.

  • State aid: Commission approves reductions on cogeneration surcharges for energy-intensive companies in Germany and Italy

     The European Commission has approved under EU state aid rules reductions granted to energy-intensive companies on surcharges to finance support for cogeneration in Germany, and reductions on surcharges to finance support for cogeneration and renewables in Italy.

    The Commission found that both measures further EU energy and climate goals and ensure the global competitiveness of energy-intensive industries, whilst preserving competition in the EU Single Market.

  • MRIEHEL MASTER PLAN STILL YEARS AWAY - TM

     A final master plan for Mriehel is at least two years away, confirmed Transport Malta CEO James Piscopo.

    A final master plan for Mriehel is at least two years away, confirmed Transport Malta CEO James Piscopo.

  • Mergers: Commission clears the acquisition of MPS by Westrock

     The European Commission has approved under the EU Merger Regulation the acquisition of sole control by WestRock Company (USA) over Multi Packaging Solutions International Limited ("MPS", Bermuda). MPS is active in the manufacture and sale of specialty packaging solutions, such as premium folding cartons, mainly for pharmaceutical goods, consumer goods and media purposes, and rigid packaging for perfumes and spirits. Westrock is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets.

  • Mergers: Commission alleges Altice breached EU rules by early implementation of PT Portugal acquisition

     The European Commission has sent a Statement of Objections alleging that multinational telecommunications company Altice (the Netherlands), breached the EU Merger Regulation by implementing its acquisition of telecommunications operator PT Portugal before notification or approval by the Commission.

  • Mergers: Commission fines Facebook €110 million for providing misleading information about WhatsApp takeover

     Brussels, 18 May 2017

    The European Commission has fined Facebook €110 million for providing incorrect or misleading information during the Commission's 2014 investigation under the EU Merger Regulation of Facebook's acquisition of WhatsApp.

  • Mergers: Commission clears acquisition of joint control over LogPay Transport Services by LogPay Financial and Volkswagen Financial Services

     The European Commission has approved under the EU Merger Regulation the acquisition of joint control over LogPay Transport Services by LogPay Financial and Volkswagen Financial Services, all of Germany. LogPay Transport Services from fuel and road toll credit cards for commercial customers under the brand LogPay. The Volkswagen Group is one of the leading financial services companies in the world. Its subsidiary, Carmobility GmbH is active in the issuing of fuel and service credit and debit cards for commercial customers under the brands MAN and NEOPLAN Card. The C

  • Trade Commissioner Malmström travels to Mexico to discuss trade negotiations

     Trade Commissioner Cecilia Malmström will be traveling to Mexico on 8 and 9 May to assess the state of play and discuss the way forward in the ongoing negotiations for a new EU-Mexico trade agreement. Commissioner Malmström will meet with Mexican secretary of foreign affairs Luis Videgaray Caso and Mexican Minister of Economy, Ildefonso Guajardo, as well as representatives of Mexican and European business organizations, civil society organizations and trade unions. The Commissioner will meet with students at a conference organized by the Nat

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