Monthly Archives: July 2013

Byggmax aims for 20-25 stores in Finland

Swedish building materials retailer has expanded fast after entering the Finnish market in 2088. Swedish building materials retailer Byggmax has opened two new stores in Finland, located in Kangasala near the city of Tampere and in Seinäjoki, western Finland. Byggmax … Continue reading

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First quarter of 2013 Household saving rate up to 13.1% in the euro area and to 11.0% in the EU27 Household real income per capita increased by 0.5% in the euro area

In the first quarter of 2013, the household saving rate1 in the euro area2 was 13.1%, compared with 12.4% in the fourth quarter of 20123. In the EU274, the household saving rate was 11.0%, compared with 10.7% in the previous … Continue reading

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First quarter of 2013 Business investment rate down to 18.8% in the euro area and to 18.3% in the EU27 Business profit share at 37.7% and at 37.2% respectively

In the first quarter of 2013, the business investment rate1 was 18.8% in the euro area2, compared with 19.5% in the fourth quarter of 20123. This fall was the result of investment decreasing (-3.4%) while gross value added remained unchanged. … Continue reading

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July 2013: Economic Sentiment continues to brighten in the euro area and the EU

In July the Economic Sentiment Indicator (ESI) increased by 1.2 points in the euro area (to 92.5) and by 2.4 points in the EU (to 95.0), continuing the upward trend observed since May. Euro area developments In the euro area, … Continue reading

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European Investment Bank welcomes first successful use of project bond credit enhancement and provides EUR 500m for Castor energy storage project in Spain

The first transaction under the Project Bond Credit Enhancement initiative has successfully taken place. Investment in the Castor underground gas storage project, that will provide storage for 30% of Spain’s daily gas consumption, was supported by the successful issue of … Continue reading

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John Deere Forestry gets investment aid for Finnish factory

Forest machine factory in Joensuu will benefit from investments and the construction of a Supplier Park. John Deere Forestry has been granted EUR 2.58 million in investment aid by the Finnish government for its forest machine factory in Joensuu, eastern … Continue reading

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Online shopping highly popular among Finnish consumers

Over 65% of Finnish consumers made online purchases in 2012 and 30% bought something from a foreign e-store. Finnish consumers are among the most enthusiastic e-shoppers in Europe, according to a report by Ecommerce Europe. In 2012, more than 65% … Continue reading

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EU-Armenia Deep and Comprehensive Free Trade Area

Scope The Deep and Comprehensive Free Trade Area (DCFTA) between the EU and Armenia is a further step in developing Armenia’s economic relations with the EU. In the framework of the Eastern Partnership, the EU started negotiations on an Association … Continue reading

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Information and consultation at work: Commission evaluates EU rules

The European Commission has released the results of an evaluation to identify excessive burdens, overlaps, gaps or inconsistencies which may have appeared since the adoption of three EU Directives regarding information and consultation of workers. The policy evaluation, also known … Continue reading

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EU-Colombia trade agreement takes effect on 1 August

Trade barriers between the EU and Colombia will be lifted as of 1 August 2013, when a comprehensive and far-reaching trade deal enters into application. The Agreement will open up markets for both EU and Colombian exporters, eventually bringing annual … Continue reading

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