Monthly Archives: June 2012

Flash estimate – June 2012 Euro area inflation estimated at 2.4%

Euro area1 annual inflation2 is expected to be 2.4% in June 2012 according to a flash estimate issued by Eurostat, the statistical office of the European Union. It was also 2.4% in May3. Computation of flash estimates Euro area inflation … Continue reading

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Transport and logistics: Commission looks ahead with new High Level Group

European Commission Vice-President Siim Kallas responsible for transport met today with top-level representatives of the European transport and logistics sector. The occasion was the launch meeting of the High Level Group on Logistics (HLGL), set up to provide strategic advice … Continue reading

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Environment: Copenhagen European Green Capital 2014

The Danish city of Copenhagen has won the European Green Capital Award for 2014. The award was presented by EU Environment Commissioner Janez Potocnik at a ceremony in Vitoria-Gasteiz, Spain, the current holder of the title, on Friday evening. Copenhagen … Continue reading

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Mergers: Commission approves acquisition of IBM’s retail store solutions business by rival Toshiba

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of IBM’s retail store solutions business by Toshiba Tec, a majority owned subsidiary of the Japanese company Toshiba. Retail solutions are integrated systems of hardware and software … Continue reading

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Finnish company UPM receives Ethical Corporation Award

Forest industry company UPM named ‘Most Innovative Company’ for creating materials for increased recyclability and robustness. Finnish forest industry company UPM has been selected as the ‘Most Innovative Company’ at the 2012 Ethical Corporation Awards held in London, which recognise … Continue reading

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€ 35.9 million EU support for the promotion of agricultural products in the European Union and in third countries

Brussels, 28 June 2012 – The European Commission has approved 20 programmes to promote agricultural products in the European Union and in third countries. The total budget of the programmes, which will run for a period of three years, is … Continue reading

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EIB renews support for smart growth in Turkey with EUR 475 million

The European Investment Bank (EIB) renews its support for smart growth in Turkey with a EUR 475 million total finance package for small and medium sized enterprises (SMEs) and mid-sized companies (mid-caps), as well as climate action. The finance package … Continue reading

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Italy: EIB lends EUR 140 million to Fincantieri for R&D

The European Investment Bank (EIB) and Fincantieri signed the first EUR 80 million tranche of a EUR 140 loan for financing the Italian shipbuilder’s research and development programmes. The EIB was represented by Vice-President Dario Scannapieco, who is responsible for … Continue reading

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EIB provides EUR 185 million to rebuild Lorca

In response to the earthquake that hit the Spanish city of Lorca in May 2011, the European Investment Bank (EIB) has granted a EUR 185 million loan to the Murcia Region to finance the reconstruction and refurbishment of buildings and … Continue reading

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Foreign investment in Greater Helsinki region grew by 200% in 2011

For the first time, Helsinki attracted more foreign investment than Stockholm, Copenhagen, Oslo and Tallinn. Foreign direct investment (FDI) and growth capital investments in the Greater Helsinki region increased significantly in 2011, according to the Helsinki Business Hub International Benchmark … Continue reading

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