Monthly Archives: October 2012

Construction of 27,000 new homes started in Finland this year

Increasing number of one and two person households has resulted in a shortage of smaller homes. Construction work will start on about 27,000 new homes in Finland during 2012, according preliminary data compiled by the Confederation of Finnish Construction Industries. … Continue reading

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Finnish companies create Fortaco, a leading manufacturer for the engineering industry

Rautaruukki’s engineering division will be combined with Komas, a system supplier for the engineering industry owned by CapMan. Funds managed by Finnish private equity fund manager Capman and the Finnish metal company Rautaruukki are forming Europe’s largest system and component … Continue reading

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Quarterly Sector Accounts: second quarter of 2012 Household saving rate down to 12.9% in the euro area and stable at 11.0% in the EU27 Household real income per capita fell by 0.5% in the euro area

In the second quarter of 2012 compared with the first quarter of 2012, the household saving rate decreased in the euro area (EA17) while remaining stable in the EU27. The household investment rate fell in both the euro area and … Continue reading

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Quarterly Sector Accounts: second quarter of 2012 Business investment rate nearly stable at 20.3% in the euro area and up to 20.1% in the EU27 Business profit share at 38.1% and 37.7% respectively

In the second quarter of 2012, compared with the first quarter of 2012, the business investment rate remained nearly stable in the euro area (EA17) and increased in the EU27. In the euro area, the business profit share remained stable, … Continue reading

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Mergers: Commission approves acquisition of personal care packaging manufacturer Rexam by Sun Capital Partners

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Rexam Personal and Home Care Packaging Business (“Rexam PC”) of the United Kingdom by the US private investment fund Sun Capital Partners Fund V L.P. The … Continue reading

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Delivering Europe 2020 requires more involvement of local and regional authorities and more financial investment

A report published by the Committee of the Regions (CoR) has shown that whilst there is widespread awareness and support for Europe 2020 – the EU’s growth strategy – there is an urgent need to commit more financial resources and … Continue reading

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Visit of Commissioner Piebalgs to Ghana: “Ghana is a model of development”

Tomorrow, EU Development Commissioner Andris Piebalgs will begin a two-day visit to Ghana. He will meet with the Vice President Paa Kwesi Bekoe Amissah-Arthur, and acknowledge the smooth political transition after the passing of the late President Atta Mills. During … Continue reading

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Faster and simpler access to EU funds for European businesses, towns, regions and scientists

Following the recent entry into force of the new Financial Regulation the Commission has adopted its new detailed Rules of application. The delivery of EU funds to businesses, NGOs, researchers, students, municipalities and other recipients will be improved as of … Continue reading

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Background on Commissioner Piebalgs’ visit to Ghana and EU energy cooperation with West Africa

EU cooperation with Ghana Ghana receives a total of €455.34 million under the 10th European Development Fund (EDF) 2008-13. Funding focuses on transport, governance and general budget support for poverty reduction. 70% of EU funds are channelled through budget support. … Continue reading

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9th ASEM Summit ASEM partners accounted for 43% of EU27 imports and 31% of exports in the first half of 2012

Between 2000 and 2011, the share in EU27 international trade in goods of the 19 partner countries1 taking part in the Asia-Europe Meeting (ASEM) increased steadily. From 2000 to 2011, the share of the ASEM partners in EU27 exports rose … Continue reading

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