Invest In EU News

  • The government will begin talks with the state budget on Tuesday

     Tuesday's government cabinet meeting will begin with the 2018 state budget negotiations. Firstly, the Ministry of Finance introduces a renewed economic forecast to government members, which gives an overview of the outlook for public finances and the latest economic developments. The government will submit a draft state budget to the Riigikogu at the end of September.

  • EU steps up humanitarian assistance in Bangladesh and Myanmar

     As more and more refugees arrive in Bangladesh from Myanmar, the European Commission announces additional humanitarian aid of €3 million to address the most pressing needs of Rohingya civilians. The funding comes on top of the €12 million announced in May 2017 when Commissioner Stylianides visited Rakhine State in Myanmar. "The European Union is providing further emergency humanitarian aid as the situation continues to be critical.

  • Kiev violated core principles of European Union Association Agreement, EU must also take action

     The amended Ukrainian education legislation constitutes a curtailment of the rights of the minorities living in the country, and Ukraine thereby violated the core principles of the Association Agreement entered into with the European Union which entered into force a few days ago, Katalin Szili, the Prime Minister’s Special Appointee stated, stressing that under the circumstances the EU, too, must forthwith contact the Kiev leadership.

  • Simulation of regional economics was initiated

     The simulation of regional economy started with a startup meeting on 7 September in Helsinki. Around 200 state, provincial and municipal representatives met to accelerate the provincial economy and guidance training to prepare for the controlled start of the region's activities in early 2020.

  • Mergers: Commission clears acquisition of GTA by Cinven and CPPIB

     The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over GTA of Switzerland by Fifth Cinven Fund, managed by Cinven Capital Management (V) General Partner Limited ("Cinven") of the UK, and the Canada Pension Plan Investment Board ("CPPIB") of Canada. GTA is engaged in intermediation of travel services, in particular business-to-business intermediation of hotel accommodation. Cinven is a private equity firm providing investment management and investment advisory services.

  • Powering Up Malta

     Energy and Water Agency CEO Daniel Azzopardi speaks about the Agency’s role within energy policy, how it acts to achieve its goals and the challenges of making Malta’s concerns on policy heard in Brussels.

  • A 20-Year Vision For Malta's Tourism Industry

     Malta Hotels and Restaurants Association (MHRA) President Tony Zahra discusses the immediate and long-term outlook for one of Malta’s most important sectors.

  • Budget 2018 Date Set For 9 October

     The 2018 Budget will be announced on Monday 9 October, Finance Minister Edward Scicluna has confirmed.

    Prof. Scicluna said that the priorities for the upcoming Budget would be strengthening Malta’s infrastructure, and making sure that everyone enjoys the fruits of Malta’s strong economy.

  • Juncker Plan: Investment Plan finances innovative medical research with a €75 million loan to Evotec

    The Investment Plan for Europe continues to support innovative projects in the health sector. The European Investment Bank (EIB) is providing €75 million to Evotec to invest in research and development of treatments for serious illnesses. The loan is guaranteed by the European Fund for Strategic Investments (EFSI), the central element of the Investment Plan for Europe, the so-called Juncker Plan.

  • Work-Related Illnesses And Accidents Cost EU €476 Billion Annually

     Work-related illnesses and injuries cost €476 billion a year in the EU and €2,680 billion a year worldwide, according to new global estimates.

    Work-related accidents and injuries cost €476 billion a year in the EU and €2,680 billion a year worldwide, according to new global estimates.

  • EU to launch global Alliance for Torture-Free Trade

     EU Trade Commissioner Cecilia Malmström today announced that the EU will launch an international Alliance for Torture-Free Trade.

    The initiative – a joint effort with Argentina and Mongolia – aims to end the trade in goods used for capital punishment and torture and will be formally launched on 18 September during United Nations General Assembly week in New York.

  • Consumer Authorities and the European Commission urge Volkswagen to finalise repairs of all cars affected by emissions scandal

     Today the EU consumer authorities and the European Commission sent a joint letter to the CEO of Volkswagen urging the group to swiftly repair all cars affected by the "dieselgate" scandal.

    This is part of a coordinated action by EU consumer authorities to make sure that the Volkswagen group respects consumer law in the aftermath of the scandal and is proactive towards the consumers concerned. Consumer authorities across the EU continue to receive indications that many of the cars affected have not been repaired yet.

  • The Biggest Online Threat To Maltese Businesses Is Complacency – Police

     The biggest cyber threat to Maltese businesses is complacency – in other words, the belief that they will never be attacked over the internet, the Malta Police Community Media Relations Unit (CMRU) told this website.

    The biggest cyber threat to Maltese businesses is complacency – in other words, the belief that they will never be attacked over the internet, the Malta Police Community Media Relations Unit (CMRU) told this website.

  • Mergers: Commission clears the creation of a joint venture by Centerbridge Partners and Enel in the Greek wind power sector

     The European Commission has approved under the EU Merger Regulation the creation of a joint venture by Centerbridge Partners, L.P. of the USA and Enel S.p.A. of Italy. The joint venture does not carry out any business activity yet, its object is to build and operate seven wind farms at Kafireas (Euboea) in Greece with a total installed capacity of 154 MW. Centerbridge Partners is an investment management firm focused on private equity and distressed investment opportunities.

  • Smoother, faster road connections in Greece thanks to EU investments

     The Commission welcomes the inauguration today of the Ionian Highway, construction of which has been 100% supported by Cohesion Policy funds thanks to the exceptional measures the Commission put forward in the 2015 "A New Start for Growth and Jobs in Greece" plan. Commissioner for Regional Policy Corina Creţu said: "The EU invests to improve the everyday lives of Greek citizens with safer roads and reduced travel time.

  • Malta Is The European Country Most Exposed To Cybercrime

     No other country in Europe is more exposed to cybercrime than Malta is, according to a new study published by Website Builder Expert (WBE).

    No other country in Europe is more exposed to cybercrime than Malta is, according to a new study published by Website Builder Expert (WBE).

    With a vulnerability score of 42 per cent, Malta is highly susceptible to cybercrime, despite the fact that the Maltese population hovers in the middle, in terms of actual malware and cybercrime encounters.

  • The Research and Development Council supported the continuation of important applied research efforts in the country

     Stenbock House, September 4, 2017 - Today, the Research and Development Council (TAN) received an overview of the implementation of the national applied research program RITA and made proposals for the organization of the next strategic applied research round. 

  • Prime Minister Ratas: The new development program of Ida-Virumaa must be realistic

     Stenbock House, September 4, 2017 - Today, Prime Minister Jüri Ratas emphasized today that Ida-Virumaa entrepreneurs meet in a meeting with the new Ida-Viru County development program to be realistic and the formula for success lies in effective cooperation between the state, local government and the private sector. In this regard, it is important for each company to map out for itself what it can do to improve the region's economic climate. 

  • Mergers: Commission clears acquisition of Regenersis EMEA by CTDI EU

     The European Commission has approved under the EU Merger Regulation the acquisition of the Europe, Middle East and Africa business of Regenersis (Depot) Services Ltd. ("Regenersis EMEA") of the UK, by CTDI GmbH ("CTDI EU") of Germany, jointly controlled by Communication Test Design, Inc. of the US and Deutsche Telekom AG of Germany. Regenersis EMEA provides repair and maintenance services for electronic products, including mobile phones, smartphones, set-top-boxes, laptops, electronic payment systems, industrial applications and medical devices.

  • Better access to drinking water in Croatia thanks to Cohesion Policy investments

     Almost €96 million from the Cohesion Fund is being invested to upgrade water supply and waste water networks in Croatia's Slavonia and Istria regions and on the island of Krk.

  • Apprenticeships abroad: Commission gives boost to long-term placements across the EU

     The European Commission is pre-financing seven pilot projects that offer long-term apprenticeships abroad.

  • State aid: Commission asks Spain to recover € 5.8 million from Iberpotash

     The European Commission has asked Spain to recover € 5.8 million from illegal State aid granted to Iberpotash SA (renamed ICL Iberia Súria & Sallent in 2014), a company which operates various mines of potash in Catalonia. The Commission's in-depth investigationFound that Iberpotash is the best solution for the restoration of its mining sites in Súria and Balsareny / Sallent, and full public funding of a € 7.9 million investment to cover a waste heap in Vilafruns. Aspects the first measure, mining co

  • European Commission - Daily News

     

    Emissions of pollutants from cars: new tests more realistic mandatory from 1 September

  • New and improved car emissions tests become mandatory on 1 September

     As of 1 September 2017, new car models will have to pass new and more reliable emissions tests in real driving conditions ("Real Driving Emissions" – RDE) as well as an improved laboratory test ("World Harmonised Light Vehicle Test Procedure" – WLTP) before they can be driven on European roads.

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