Monthly Archives: November 2013

Finland’s retail sales up by estimated 1.0% in October

Daily consumer goods trade sales increased by an estimated 2.7% from October 2012. Sales in Finland’s retail trade grew by 1.0% in October 2013 compared to October 2012, according to Statistics Finland’s retail trade flash estimate. Over the same time … Continue reading

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EU trade deal with Guatemala becomes operational

As of 1 December 2013, trade barriers will be lifted between the European Union and Guatemala, when the trade pillar of the EU–Central America Association Agreement will be applied. With Guatemala joining, the whole region of Central America can now … Continue reading

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€400 000 in prizes in Europe’s biggest app challenge

In Europe’s biggest ever app challenge the EU is offering €400 000 in prizes to best new applications that help build smarter cities and smarter businesses. Campus Party, the world’s largest geek forum, will manage the contest, judged by specialized … Continue reading

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EIB continues to support Georgia’s East-West highway with EUR 30 million

The European Investment Bank (EIB) lends EUR 30 million to the Republic of Georgia to continue with the rehabilitation and capacity increase of the East-West highway. This key road infrastructure links Georgia’s capital Tbilisi and the country’s Black Sea ports … Continue reading

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November 2013: Economic Sentiment improves in the euro area and the EU

In November the Economic Sentiment Indicator (ESI) increased by 0.8 points in the euro area (to 98.5) and by 0.4 points in the EU (to 102.1). While the upward trend observed since May has been preserved, the improvement in confidence … Continue reading

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EIB lends EUR 110 million ZON OPTIMUS in support of enhanced mobile broadband services

The European Investment Bank (EIB) is providing EUR 110 million to ZON OPTIMUS to support investments to enhance high speed mobile broadband services in Portugal. EIB Vice-President Magdalena Álvarez and Miguel Almeida, ZON OPTIMUS’ CEO, signed the corresponding finance contract … Continue reading

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EBRD praises Finland’s cleantech expertise

Finnish environmental technology consultancy services are a major strength, according to EBRD Chairman Suma Chkrabarti. Finland is a leader in the environmental technology sector which has also become an important focus area for the European Bank for Reconstruction and Development … Continue reading

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European Commission calls on the U.S. to restore trust in EU-U.S. data flows

Today the European Commission has set out the actions that need to be taken to restore trust in data flows between the EU and the U.S., following deep concerns about revelations of large-scale U.S. intelligence collection programmes have had a … Continue reading

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International financial support for the first large-scale on-shore wind farm IPP (Independent Power Producer) in Jordan

The first large-scale renewable energy IPP in Jordan, the JWPC Tafila Wind  Farm, is receiving strong European, regional and international support of USD 220 million, representing almost 77 per cent of the total cost of the project. Within the framework … Continue reading

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Growth prospects for SMEs are encouraging

2013 is likely to mark a turning point for the EU small and medium sized enterprises (SMEs). The total employment in the EU SMEs is expected to increase by 0.3% and value-added by 1% as compared to 2012. Preliminary forecasts … Continue reading

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