New decree and measurement guidelines will support the permit...
Justice Ministers today reached an agreement on a general approach on the European Commission's proposal for a Europe-wide preservation order (IP/11/923), to ease the recovery of cross-border debts for both citizens and businesses. The proposal facilitates cross-border debt claims and gives creditors more certainty about recovering their debt, thereby increasing confidence in trading within the EU’s single market.
Xzakt provides customer services and switchboard services to a wide range of sectors.
The Swedish customer service company Xzakt Kundrelation Ab has established a Finnish subsidiary called Leg Communication Ab and opened a new office at the Turku Science Park in south-western Finland. According to Xzakt, its Finnish subsidiary will offer customer services and switchboard services for companies in different sectors such as IT, media, telecommunications, tourism, finance, insurance and law.
The European Commission welcomes today's adoption of the new EU programme for Employment and Social Innovation (EaSI) by the EU's Council of Ministers. EaSI will make €920 million available for the 2014-2020 period. It will support innovative social policies and promote labour mobility, as well as facilitate access to microcredits and encourage social entrepreneurship. The European Parliament formally adopted the new EaSI Regulation on 21 November 2013, so the programme is now ready to be launched on 1 January 2014.
The European Investment Bank (EIB) is granting two loans to the Slovene Export and Development Bank (SID banka):
• EUR 300 million to support smaller projects promoted usually by SMEs and mid-cap companies
• EUR 50 million to co-finance investments in the sectors of energy efficiency and renewable energy implemented by public and private companies and natural persons
The European Commission has decided that the aid granted by France to the Soitec group to help it conduct the Guépard research and development project complies with the EU rules on state aid. This project is aimed at developing a new concentrated photovoltaic (CPV) technology. The aid addresses a genuine market failure without unduly distorting competition.
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of most of Nokia Corporation's devices & services business (the "D&S business") by Microsoft Corporation. The D&S business mainly produces and sells smartphones and feature phones.
Alba Leasing – a major financial leasing company – and the European Investment Bank (EIB) have signed a €95 million loan guaranteed by SACE for supporting new leasing schemes targeting SMEs.
These new financial resources will be used to develop Alba Leasing’s business – in line with the corporate funding objectives set out in the 2013-2016 industrial plan – and deployed on the credit market in support of small and medium-sized firms.
How is funding organised under Horizon 2020?
Horizon 2020 is built around three pillars:
1) Support for "Excellent Science" – including grants for individual researchers from the European Research Council and Marie Skłodowska-Curie fellowships (formerly known as Marie Curie fellowships);
2) Support for "Industrial Leadership" – including grants for small and medium-sized enterprises and indirect finance for companies through the European Investment Bank and other financial intermediaries;
EU Commissioner for Development, Andris Piebalgs, will today announce new financial support for countries in Eastern and Southern Africa and the Indian Ocean for the period 2014-2020. He will take part in discussions on the priorities for funding with Ministers and other authorities of the involved countries and of regional organisations.
The European Investment Bank (EIB) is renewing its support for climate action in Turkey with a EUR 150 million loan for forest rehabilitation, afforestation and erosion control activities to take place in the period 2014-2015.
ZenRobotics and Galvatek are selected as winners from a pool of 10,000 eligible companies.
The Finnish companies ZenRobotics Ltd and Galvatek have have been selected as winners of the 2013 Later Stage Awards by the Global Cleantech Cluster Association. ZenRobotics emerged as the winner of the Best in Waste Management category and Galvatek of the Best in Water category.
José Manuel Durão Barroso
President of the European Commission
Speech by President Barroso at the 17th Tourism Summit
2 December 2013
Dear President Frenzel,
Dear Madam Minister of Tourism from Greece,
Members of Parliament,
Ladies and gentlemen,
At the Eastern Partnership summit in Vilnius on 29 November the EU initialled Association Agreements with Georgia and the Republic of Moldova, including provisions establishing Deep and Comprehensive Free Trade Areas (DCFTAs). The Association Agreements will further strengthen political, economic and trade relations between the parties. They represent a concrete way to take advantage of the positive dynamics between the EU and the two countries.
How did we get here?
The Greater Gabbard offshore transmission link has become the first UK based infrastructure project to attract finance from institutional investors using the Project Bond Credit Enhancement initiative. Bonds with a value of GBP 305 million have been issued to finance the new transmission link to connect the 140 turbine wind farm off the Suffolk coast with the UK mainland electricity and have been successfully placed with a broad range of investors.
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 period, the volume of sales increased by 0.6%.
In the daily consumer goods trade, sales went up by 2.7% and the volume of sales by 0.7%. Statistics Finland’s retail trade flash estimate is based on a sample covering about 50% of retail trade turnover.
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 benefit from the agreement, as the deal is already implemented with the other five member countries - Costa Rica, El Salvador, Nicaragua, Honduras and Panama. This ambitious trade partnership will open up new markets and simplify rules which will boost trade and investments on both sides.
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 engineers from the EU-funded FI-WARE Consortium.
The only condition of the competition is that app entries should build on the building blocks deployed in the EU’s project to build the core platform of tomorrow’s internet.
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 with Turkey and Azerbaijan. In 2012 the EIB already granted a loan of EUR 170 million for the project.
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 has noticeably decelerated over the past two months, mirroring differences in developments across sectors.
Euro area developments
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 in Lisbon today.
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 (EBRD), according to the organisation’s chairman Suma Chakrabarti. He recently met with ministers of the Finnish government to discuss intensifying the use of Finnish environmental technology expertise in EBRD’s projects.
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 negative impact on the transatlantic relationship. The Commission's response today takes the form of (1) a strategy paper (a Communication) on transatlantic data flows setting out the challenges and risks following the revelations of U.S.
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.
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 expect the positive developments further accelerating in 2014. After five years of an uncertain economic environment, 2013 is expected to be the first year since 2008 with a combined increase in aggregated employment and value-added of EU’s SMEs. These promising projections are backed up by other positive signals.
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