Monthly Archives: September 2012

Declining unit labor costs in Austria

Unit labor costs in Austria decreased by four percent last year. The reason for this development is the high level of productivity, according to the Austrian Institute of Economic Research. Productivity climbed by 7.2 percent in the year 2011.

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Upper Austria: Competence center for engines

The Steyr region in Upper Austria has positioned itself as a competence center for engines. Every second BMW engine is produced there, and BMW is also further expanding its engine development operations in Steyr. Numerous educational institutions were also set … Continue reading

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Mergers: Commission clears acquisition of German dairy cooperative Milch-Union Hocheifel by rival Arla

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the German dairy farmers’ cooperative Milch-Union Hocheifel by fellow cooperative Arla Foods. The Commission concluded that the transaction would not raise competition concerns, because it would … Continue reading

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Major progress towards transparency: a new European Legislation Identifier

On 24 September the Council adopted the conclusions of the Working Party on e-Law, presided by the Luxembourg government, on the optional introduction of the so-called European Legislation Identifier (ELI). ELI provides, among others, a solution to uniquely identify and … Continue reading

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State aid: Commission prolongs guidelines on state aid for rescuing and restructuring firms in difficulty

The European Commission has prolonged EU guidelines on state aid for the rescue and restructuring of companies in financial difficulty. The Commission is currently reflecting on a review of the guidelines in the context of the recently launched state aid … Continue reading

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Finland ranked ninth in Economic Freedom of the World report

Finland has improved its performance in property rights, freedom to trade internationally, availability of sound money, and regulations concerning credit, labour and business. Finland is ranked ninth in the world and second in Europe in the 2012 Economic Freedom of … Continue reading

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Digital Agenda: New strategy to drive European business and government productivity via cloud computing

The European Commission’s new strategy for “Unleashing the potential of cloud computing in Europe” outlines actions to deliver a net gain of 2.5 million new European jobs, and an annual boost of EUR 160 billion to EU GDP (around 1%), … Continue reading

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Transport: New horizons for EU aviation

Global aviation is changing dramatically and Europe has been harder hit by the recession than many other regions. The European Commission has today set out an ambitious package of proposals to boost the international competitiveness of the EU’s aviation industry … Continue reading

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September 2012: Economic sentiment continues to decline in both the EU and the euro area

In September the Economic Sentiment Indicator (ESI) decreased by 0.9 points in the EU, to 86.1, and by 1.1 points in the euro area, to 85.0. In both areas, the decrease was due mainly to weaker confidence among services and … Continue reading

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New financing agreements for reforms in Armenia

Commissioner for Enlargement and European Neighbourhood Policy, Štefan Füle, and Prime Minister of Armenia, Tigran Sargsyan, signed two new financing agreements between the European Union and Armenia in Yerevan on Thursday. Totalling €43 million, the two agreements focus on institution … Continue reading

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