Invest In EU News

  • Stronger EU cooperation leads to higher consumer safety

    In 2012, a total of 2,278 measures against dangerous non-food products, were taken by Member States and reported in the EU Rapid Information system (RAPEX). This indicates a 26% rise in alerts when compared to 2011 figures, an increase that could be attributed to the improved enforcement work carried out by the authorities in EU countries.

  • Flash estimate for the first quarter of 2013 Euro area GDP down by 0.2% and EU27 down by 0.1% -1.0% and -0.7% respectively compared with the first quarter of 2012

    GDP fell by 0.2% in the euro area1 (EA17) and by 0.1% in the EU271 during the first quarter of 2013, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2012, growth rates were -0.6% and -0.5% respectively.

    Compared with the same quarter of the previous year, seasonally adjusted GDP fell by 1.0% in the euro area and by 0.7% in the EU27 in the first quarter of 2013, after -0.9% and -0.6% respectively in the previous quarter.

  • State aid: Commission approves €39.8 million in aid for the “Genesys” research programme for the development of third-generation biorefineries

    The European Commission has decided that the aid granted by France to the P.I.V.E.R.T. Institut d’Excellence en Énergies Décarbonées (IEED, institute of excellence in the field of low-carbon energy) to conduct the Genesys research and development programme complies with the EU rules on state aid. The aim of the project is to develop a new generation of biorefineries using biomass to produce, among other things, clean energy. The aid addresses a genuine market failure without giving rise to an undue distortion of competition.

  • State aid: Commission authorises public co-financing of Copenhagen multiarena in Denmark

    The European Commission has concluded that the proposed public co-financing of a new multiarena in Copenhagen, Denmark was in line with EU state aid rules. In particular, the Commission found that the public funding was both proportionate to the objective pursued and limited to the minimum necessary to attain that objective.

  • Signature of Association Agreement with the EU will depend on Ukraine's performance

    Without prejudice to a future political decision on possible signature, the Commission adopted today the proposals for Council Decisions on (i) the signing and provisional application as well as (ii) the conclusion of the EU-Ukraine Association Agreement, which will be transmitted to the Council for further processing. The Commission accompanied the two proposals with a political statement (see below).

  • Finnish Cleantech business grew by 15 % in 2012

    29 % growth prognosis for small companies in 2013

    Cleantech was one of Finland’s fastest-growing business sectors in 2012.  Combined turnover for cleantech business was EUR 24.6 billion and annual growth 15 %, according to a survey by Cleantech Finland.

    According to Statistics Finland, the Finnish GDP diminished by 0.2 % and the combined turnover for Finnish industrial companies diminished by 0.6 % in 2012.

  • Climate finance: the EU delivers more than its fast start finance pledge

    "Despite difficult economic circumstances, the European Union has met and even surpassed its fast start finance pledge to developing countries by providing more than €7.3bn of climate finance. This is a very clear demonstration of the EU's commitment to finding a global solution to the benefit of all to the impacts of climate change," said Connie Hedegaard, Commissioner for Climate Action. The ECOFIN Council today adopted a report which shows that the EU provided about a third of the total commitment by developed countries for 2010–2012.

  • Increased education opportunities between Tunisia and EU

    The European Union (EU) has agreed on additional funding to further develop the modernisation of higher education as well as the international cooperation capacity of higher education institutions in Tunisia under the Erasmus Mundus and Tempus programmes. This will be achieved by providing more scholarships to Tunisian students, researchers and academic staff to study and to perform research in the EU as well as through the setting up of cooperation projects between European and Tunisian universities.

  • State aid: Commission clears new restructuring plan of Banco CEISS in view of its possible acquisition by Unicaja

    The European Commission has concluded that a modification to Banco CEISS' restructuring plan, opening the door for an acquisition of the bank by Unicaja Banco, is in line with EU state aid rules. In particular, the Commission found that the integration into Unicaja Banco, a Spanish bank that has received no state aid during the crisis, will ensure that Banco CEISS becomes viable in the long term. In December 2012, the Commission had approved a restructuring plan for Banco CEISS which did not foresee an acquisition by Unicaja (see IP/12/1432).

  • McAfee to acquire Finnish company Stonesoft

    Stonesoft is a leading innovator in next-generation network firewall products.

    McAfee has announced a definitive agreement to initiate a conditional tender offer for the acquisition of the Finnish company Stonesoft Oyj for an aggregate equity value of approximately USD 389 million in cash. Stonesoft is a leading innovator in next-generation network firewall products. 

  • Digital Agenda: Kroes & Borg welcome recognition of the contribution ICT can make in reforming health systems

    A declaration by the Irish Presidency of the Council of the EU committing Member States to developing eHealth ecosystems that could contribute to the reform of health systems has been welcomed by European Commission Vice-President for the Digital Agenda Neelie Kroes and Health Commissioner Tonio Borg. The Irish Presidency presented the Declaration at the Ministerial eHealth High Level Conference in Dublin on May 13th.

  • Mergers: Commission approves joint venture between Hydro and Sapa, the two largest soft alloy extruders in the EEA, subject to conditions

    The European Commission has cleared under the EU Merger Regulation the proposed creation of a joint venture between Norsk Hydro ASA and Orkla ASA's wholly-owned subsidiary Sapa Holding AB, both Norwegian companies active in the soft-alloy aluminium extrusions market. The joint venture will be the world's leading aluminium extrusions provider, with around €6 billion in annual revenues. The clearance is conditional on the divestment of Sapa's multiport extrusions (MPE) business in the Netherlands and Hydro's largest soft-alloy extrusions plant in Norway.

  • EIB supports construction of high-performance power station in Poland

    The European Investment Bank (EIB) is providing a PLN 566m (some EUR 140m) loan to Elektrocieplownia Stalowa Wola for the construction of a combined cycle gas turbine (CCGT) power station with an electric capacity of 450 MWe and heating capacity of 240 MWth. This highly efficient power plant will be built on an existing industrial site within the boundaries of the Stalowa Wola power plant in South-Eastern Poland. It will provide electricity to the grid and heat to neighbouring towns as well as industrial off-takers.

  • Preparation of Economic and Finance Ministers Council, Brussels, 14 May

    The EU's Council of Economic and Finance Ministers will take place in Brussels on Tuesday, 14 May at 11.00. The European Commission will be represented by Olli Rehn, Vice President and Commissioner for Economic and Monetary Affairs and the Euro, Michel Barnier, Commissioner for Internal Market and Services, Algirdas Šemeta, Commissioner for Taxation and Customs Union and Janusz Lewandowski, Commissioner for Financial Programming and Budget. A press conference is expected to take place after the meeting.

    Rules for Bank Recovery and Resolution (CH)

  • Burger King to enter Finnish fast food market

    Franchise deal with Finnish company Restel will create a nationwide network of Burger King restaurants.

    Burger King, the world’s second largest fast food chain, is entering the Finnish market through a master franchise agreement with the Finnish hotel and restaurant chain Restel. Restel is planning to establish a nationwide network of Burger King restaurants in busy stations, shopping centres, event arenas and other good business locations. The first restaurant will open in Helsinki at the end of this year.

  • Croatia: proof of credibility of enlargement

    Commissioner Štefan Füle

    Commissioner for Enlargement and European Neighbourhood Policy

    Croatia: proof of credibility of enlargement

    Speaking points of Commissioner for Enlargement and European Neighbourhood Policy Štefan Füle at the seminar "Welcome to the EU, Croatia" organised by the Ministry of Foreign Affairs of the Czech republic in Prague, 9th May 2013./Brussels

    9 May 2013

    A) General

  • Speech by Commissioner Malmström at the State of the Union Conference: Europe should give migrants the opportunities they deserve

    Cecilia Malmström

    EU Commissioner for Home Affairs

    Speech by Commissioner Malmström at the State of the Union Conference: Europe should give migrants the opportunities they deserve

    State of the Union Conference/Florence, Italy

    9 May 2013

    Today is 9 May 2013. If we look 30 years ahead, on 30 May 2030, the world will look quite different. That is only 17 years away but many things – predictable and unpredictable - will have changed. But we can also be sure that other things will not have changed.

  • Finland’s Moventas services Swedish wind turbines

    Moventas is carrying out demanding service work on four offshore turbines in Sweden’s largest lake.

    The Finnish company Moventas, a leading wind and industrial gear manufacturer and service provider, has completed a wind turbine drivetrain service project in the mountains of the Swedish tundra. According to Moventas, the project involved the repair of a 3MW turbine and included extreme weather and lifting conditions as well as workshop repair and a replacement gear.

  • Speech by President Barroso at the State of the Union conference: Restoring confidence

    José Manuel Durão Barroso

    President of the European Commission

    Speech by President Barroso at the State of the Union conference: Restoring confidence

    State of the Union conference/Florence

    9 May 2013

    Ladies and gentlemen,

    First let me thank you for having invited me again to be here with you on Europe Day. It is always with a great pleasure that I come to Italy and to Florence where we can feel such a great European spirit.

  • Statement by EC, ECB and IMF on the Tenth Review Mission to Ireland

    Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Dublin during April 23rd – May 2nd, 2013 for the tenth review of the government’s economic programme and met with a range of stakeholders. Ireland’s programme remains on track, the gradual recovery is continuing and there have been further improvements in market conditions for the sovereign and the banks.

  • Finland’s mining industry to be a forerunner in sustainable development in the extractive industry

    The extractive industry represents a great opportunity for Finland, provided that it is developed in a sustainable way economically, socially and environmentally.

    The extractive industry represents a great opportunity for Finland, provided that it is developed in a sustainable way economically, socially and environmentally. The objective is that Finland will become a forerunner in sustainable development in the extractive industry.

  • Speech - The role of EU research, innovation and science policies in supporting the development of the Irish economy

    Máire GEOGHEGAN-QUINN

    European Commissioner for Research, Innovation and Science

    The role of EU research, innovation and science policies in supporting the development of the Irish economy

    Opening Speech to Seanad Éireann / Dublin

    8 May 2013

    A Chathaoirligh, a Sheanadóirí,

    I am delighted to have the opportunity to address you today.

    Tomorrow, it will be two years to the day since I had the immense honour of addressing the Oireachtas during a special Europe Day sitting.

  • Erasmus for Young Entrepreneurs: Benefits for 3200 small business

    More than 1600 exchanges have so far been organised under the Erasmus for Young entrepreneurs programme and some 3200 businesses have been created or expanded (including numerous joint ventures and new cross border relations, see MEMO/13/412).

  • “The ECA’s role of external auditor of the EU is more important than ever in its 35-year history”, says ECA President Caldeira

    Luxembourg Prime Minister Juncker, Minister of State Perry representing the Irish Presidency of the Council, and ECA President Caldeira, spoke today - the eve of Europe Day - at the inauguration of the ECA’s new building, about the challenges facing the European Union and the role of the European Court of Auditors .

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