Team Finland Day brought...
Tuesday, August 16, the Cabinet of Ministers (CM) was reviewed in the Ministry of Finance (MoF) monthly informative report on the European Union's Structural and Cohesion Funds (EU Funds) investment implementation status. Until 15 August the competent authorities have ensured significant progress in investment in start-up tasks, as a result, have been approved in Cabinet regulations regarding the EU funds for investments of 3.2 billion euros, and little progress has been evident in the next phase - the draft call f
The European Commission has approved under the EU Merger Regulation a proposed merger between IMS Health and Quintiles, both of the US. IMS provides information and technology services to pharmaceutical, biotech, life science and healthcare companies. Quintiles provides product development services and commercial outsourcing services to support healthcare companies develop and commercialize new therapies globally. The Commission concluded that the proposed transaction would raise no competition concerns.
Tuesday, August 16, the Cabinet of Ministers (CM) was reviewed in the Ministry of Finance (MoF) monthly informative report on the European Union's Structural and Cohesion Funds (EU Funds) investment implementation status. Until 15 August the competent authorities have ensured significant progress in investment in start-up tasks, as a result, have been approved in Cabinet regulations regarding the EU funds for investments of 3.2 billion euros, and little progress has been evident in the next phase - the draft call for selection.
The first estimate for euro area (EA19) exports of goods to the rest of the world in June 2016 was €178.8 billion, a decrease of 2% compared with June 2015 (€182.8 bn). Imports from the rest of the world stood at €149.5 bn, a fall of 5% compared with June 2015 (€157.4 bn). As a result, the euro area recorded a €29.2 bn surplus in trade in goods with the rest of the world in June 2016, compared with +€25.5 bn in June 2015. Intra-euro area trade fell to €150.2 bn in June 2016, down by 1% compared with June 2015.
Over the next three years, the highest demand for jobs will be for clerical support workers and service or sales workers, followed by professionals and trade workers, according to a recent survey.
While it remains questionable whether or not Malta will reach its renewable energy targets by 2020 as stipulated in the EU Renewable Energy Directive, businesses appear to be somewhat more aware of their responsibility towards the environment. “Businesses’ commitment towards the environment is increasing,” says Anton Borg, president of the Malta Chamber of Commerce, Enterprise & Industry. “Until a few years ago, most companies embarked on sustainable initiatives and investment for image and Corporate Social Responsibility (CSR) reasons.
Malta is at the lower end of the youth unemployment spectrum, according to Eurostat data published ahead of the International Youth Day.
Malta’s NEET (neither in employment nor in education or training) level is 9.8 per cent, while at EU level, almost 17.3 per cent of people aged 20-24 (around five million) could be classified as NEETs.
The European Commission has approved under the EU Merger Regulation the acquisition of the Sisal Group of Italy by CVC Capital Partners SICAV-FIS S.A. and CVC Capital Partners Advisory Group Holding Foundation (together "CVC") of Luxembourg. The Sisal Group provides gambling and betting services in Italy. CVC provides investment advice to various funds and manages investments on their behalf.
The Commission has opened an in-depth probe to assess whether the proposed merger of Dow and DuPont is in line with the EU Merger Regulation. The Commission will investigate further whether the deal may reduce competition in areas such as crop protection, seeds and certain petrochemicals. Commissioner Margrethe Vestager, in charge of competition policy, said: “The livelihood of farmers depends on access to seeds and crop protection at competitive prices.
The European Commission adopted yesterday an Implementing Regulation establishing a list of ‘critical’ benchmarks, i.e. those indexes that are of particular importance for financial markets and consumer contracts.
The European Commission has announced €150,000 in humanitarian assistance to support people affected by the recent flash floods and landslides in the former Yugoslav Republic of Macedonia. This follows EU support mobilised via the Civil Protection Mechanism for the country earlier this week. "The EU has stepped up its support to the former Yugoslav Republic of Macedonia at this time of need with new funding.
After the unfortunate events of August 9th at Madeira Island, more concretely at the city of Funchal, the touristic activity keeps on going and has returned to normality.
Madeira airport and Funchal sea port are totally operational as well as the other public transports in the Island.
Estonia's gross domestic product grew by Statistics preliminary estimates of 0.6% in annual comparison. The modest growth is mainly alcohol fuel and an increase in inventories in the second quarter partly expense. Thus, income, and consumption continued to increase in the second quarter, however, the first quarter figure, and the composite index of economic confidence remained at historical average levels.
The European Investment Fund (EIF) and Erste Bank have signed a Social Entrepreneurship and a micro-finance guarantee agreement aimed at supporting more than 500 micro and social-enterprises in Austria under the
Yesterday Portugal activated the EU Civil Protection Mechanism to help stop the spread of forest fires in several parts of the country.In an immediate response to the request for assistance, the EU mobilised via the mechanism a firefighting plane which is managed by Italy as part of the EU "buffer capacity" developed to support national capacities where required.
GO has reported a profit of €17.1 million in the first six months of the year, with improvements in performance, revenues and customer numbers.
Group revenues for the six month period ended 30 June 2016 amounted to €76.7 million over €60.7m in the first half of 2015.
The Commission considers energy infrastructure projects in Bulgaria and its neighbouring member states a priority for the Energy Union.
The EU is investing and supporting infrastructure that is needed to unite the energy markets. Today, the European Commission has allocated €187.5 million for the construction of the Balticconnector, the first Estonia-Finland gas pipeline. The Balticconnector will end the gas isolation of Finland and develop the Baltic regional gas market. It contributes to solidarity and security of supply in the entire Baltic region.
Portugal has activated the EU Civil Protection Mechanism to help stop the spread of forest fires in several parts of the country.
State aid in the future - by 2018 all Latvian local government public libraries have free internet access. It provides 9 August 2016 the Government supported by the Environment Protection and Regional Development Ministry (common) developed proposals *.
From 2016 until 2018 for this purpose every year will be awarded the national co-financing of 437,485 euros.
The European Commission has cleared under the EU Merger Regulation the acquisition by Konecranes of Terex's crane and container handling business, MHPS. Konecranes is a global supplier of lifting equipment, headquartered in Finland. US-based Terex's Material Handling & Port Solutions segment (MHPS) supplies industrial cranes, crane components, crane services and container handling equipment.
The European Commission has found French plans to support combined heat and power plants using natural gas to be in line with EU state aid rules. The scheme will reduce CO2 emissions and improve energy efficiency, in line with EU energy and climate goals, without unduly distorting competition.
The European Commission welcomes today's Council decisions on Spain and Portugal in the context of the Stability and Growth Pact.
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