The European Commission has approved the merger between Essilor and Luxottica...
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Mergers: Commission clears merger between Essilor and Luxottica
The European Commission has approved the merger between Essilor and Luxottica, two leaders in the optical industry. The Commission concluded that the merger would not adversely affect competition in the European Economic Area or any substantial part of it. Today's decision follows an in-depth investigationof the proposed merger between Essilor and Luxottica. Essilor and Luxottica mainly sell complementary optical products, which do not compete with each other. The Commission opene
EU supports new fund for early-stage digital companies in central and northern Europe
Trind Ventures, an early-stage tech investor based in Tallinn, has raised € 21 million in financial support from the EU. The three largest investors are the European Investment Fund (EIF) under the Juncker Plan, LHV Pension Funds (LHV) and Trind Ventures' team itself. The fund will invest in early-stage digital companies in Estonia, Finland, Latvia, Lithuania and the rest of central and northern Europe. It will help to address the growing demand for seed capital by early stage companies in the ICT sector. Trind Ventures is supported by Horizon 2020 and
Most Tourists Coming To Malta Are Staying In Four-Star Hotels
During December 2017, there were 174 active collective accommodation establishments with a net capacity of 17,385 bedrooms and 39,047 bed-places on a national level.
The largest share of guest nights in the fourth quarter of 2017 was reported in four-star hotels, accounting for 1,050,303 nights, or 48.5 per cent of the total, according to the National Statistics Office (NSO).
Choose France summit: €3 billion in foreign investment over the next five years
140 business leaders from multinationals in various sectors are getting involved in large-scale investment projects, on the occasion of the Choose France summit to promote France’s attractiveness, which was held in Versailles on 22 January 2018.
Adapting to climate change requires multidisciplinary research
Tapio has published a report on Finland's key knowledge and skills needs in adapting to climate change. The report highlights, inter alia, the importance of dialogue between different disciplines. Application of knowledge to practice requires development work, experimentation and piloting. The effectiveness of adaptation is enhanced by raising the cost perspective and avoiding costs as part of climate risk management.
Equal treatment afforded to all Member States is an issue of credibility for EU
Minister of State for EU Affairs Szabolcs Takács’s answer to French comments concerning consultations with members of the public.
Malta Sees Croatia As An Ideal Collaborator, Not Competitor
The President highlighted a recent important development – the lifting of restrictions for Croatian workers to take up job opportunities in Malta, like the many thousands of workers from across Europe who are already doing so.
Government's Priority Is Making Economic Environment As Business-Friendly As Possible
“The Maltese government has taken the challenge and is giving special priority to make the economic environment as business-friendly as possible,” said Minister for Finance Edward Scicluna whilst addressing an SME conference organised by the Malta Stock Exchange in collaboration with the World Federation of Exchanges.
Government's Priority Is Making Economic Environment As Business-Friendly As Possible
Prof. Scicluna said that Government can achieve this through less bureaucracy and red tape, especially in the area of public procurement and the courts.
“The Maltese government has taken the challenge and is giving special priority to make the economic environment as business-friendly as possible,” said Minister for Finance Edward Scicluna whilst addressing an SME conference organised by the Malta Stock Exchange in collaboration with the World Federation of Exchanges.
Malta's Credit Ratings Get Boost From Moody's And DBRS
Moody's said it had decided to raise Malta's rating because of Malta's fiscal strength and its growth prospects. The new rating is the highest it has ever been.
Credit rating agency Moody's has raised Malta's rating to A3 positive, from A3 stable, following an audit released last August, while another agency, DBRS also announced it has raised its rating for Malta from A to A High.
Delivering on commitments: new programmes to protect migrants and support return and reintegration in Africa worth €150 million adopted
The European Union is adopting today three new programmes worth over €150 million under the European Union Emergency Trust Fund for Africa, directly following up on the commitments made by the Joint African Union – European Union – United Nations Task Force to address the migrant situation in Libya.
The new programmes complement ongoing efforts of the European Union to protect migrants and provide them with sustainable reintegration options in Libya, along the Central Mediterranean Route and in Ethiopia.
Mergers: Commission clears creation of a joint venture by Michelin North America and Sumitomo Corporation of Americas
The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture by Michelin North America, Inc.
EU maritime strategy in the Atlantic spurs € 6 billion of investments in environmental protection, innovation, connectivity and social inclusion
Halfway through the implementation of the EU's action plan for a maritime strategy in the Atlantic , an independent study finds more than € 6 billion of investments so far. Most projects target environmental protection and innovation, as well as connectivity and social inclusion. Examples include the development of marine renewable energy in France or port facilities in Spain and Ire
State aid: Commission approves €70 million public support scheme for electric buses and charging infrastructure in Germany
The European Commission has found German plans to support the purchase of electric buses and related recharging infrastructure by public transport operators to be in line with EU state aid rules. The measure contributes to reducing CO2 emissions while limiting distortions of competition.
UNEMPLOYMENT KEEPS FALLING IN 2018
Registered unemployment dropped among all age groups, except among persons below the age of 20.
The number of persons registering for work in January 2018 stood at 2,000, decreasing by 30.8 per cent when compared to the corresponding month in 2017.
Address of the Government of the Republic to the 100th anniversary of the Republic of Estonia
"Estonia! You stand on the threshold of a hopeful future where you can freely and independently determine and control your destiny! Build your own home, where the times and the right to rule, to be a worthy member in the family of bodybuilders! All the sons and daughters of our homeland, join us as one man in the holy work of building a homeland! The aspiration and blood of our ancestors, cast for this land, demands this, our descendants bring us this. "
Circle in the anniversary of the Republic of Estonia: our daily work should be a joint effort to maintain and grow the country
Tartu, February 22, 2018 - Today Prime Minister Jüri Ratas said in the speech of the 100th anniversary of the Republic of Estonia in Tartu that the future of Estonia will be on solid ground when we remember who we are, where we come from and what events we have come here, and we work together to to maintain and grow a free country.
Mergers: Commission clears acquisition of Takata Corporation by KSS Holdings
The European Commission has approved under the EU Merger Regulation the acquisition of Takata Corporation of Japan by KSS Holdings of the US. Both Takata and KSS supply seat belts, steering wheels and airbags to automotive original equipment manufacturers (OEMs). The Commission's investigation concluded that the proposed acquisition will not change the competitive landscape because strong alternative suppliers such as Autoliv or ZF remain in the market. The increment resulting from the transaction is generally limited as KSS is a small player in the European Economic Area.
Aviation Strategy: EU at forefront of safe drone operations
The European Union today published a set of common rules for safe and secure drones operations, an important milestone under the Commission's Aviation Strategy for Europe. The technical opinion released today by the European Aviation Safety Agency (EASA), has kept the rules as simple as possible with a strong focus on the risk of the operation. Flying the same drone over a city center or over the sea entails a completely different risk.
Juncker Plan supports €67 million for SMEs in Hungary
The European Investment Fund (EIF) and Erste Bank Hungary have signed a guarantee agreement to support €67 million of loans and leases to innovative Hungarian companies. The agreement was made possible by the support of the European Fund for Strategic Investments (EFSI), the central pillar of the Investment Plan for Europe, the Juncker Plan.
Majority Of Young Maltese Wouldn't Move Abroad For Work
The study found that one in every four men and almost one in every three women aged between 25 and 34 obtained a high level of education.
79.9 per cent of young Maltese people aged 15 to 34 would not consider changing their place of residence to another country both within and outside the European Union for employment reasons, according to a new study conducted by the National Statistics Office (NSO).
The Number Of People Working In The Culture Sector In Malta Is Rising
The percentage of people working in the culture sector in Malta rose from 3.9 per cent in 2011 to 4.2 in 2016, according to new figures released by Eurostat.
The percentage of people working in the culture sector in Malta rose from 3.9 per cent in 2011 to 4.2 in 2016, according to new figures released by Eurostat.
Between 2011 and 2016, the number of people working in the cultural sector in the EU grew steadily, with 549,000 more jobs (+7 per cent) in the EU in 2016 than in 2011.
Country to face dynamic development in next four years
In the next few years, provided that political stability is maintained, the country will enter a phase of dynamic development which may result in major technological advancements, pay pressure and social changes, the Minister heading the Prime Minister’s Office stated on Monday in Hódmezővásárhely.