Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Volkswagen Group to invest EUR 85.6 billion in new models, innovative technologies and its global presence in its Automotive Division over the coming five years

• EUR 85.6 billion for new models, environmentally friendly technologies and production facilities in the coming five years • Capex ratio to remain at a competitive level of between six and seven percent • Over half of investments in property, … Read the full press release

EBRD to provide US$ 12million syndicated loan to Belarusky Narodny Bank for SME financing across Belarus

LONDON, 24-11-2014 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) is providing a syndicated loan of up to US$ 12 million to privately owned Belarusky Narodny Bank (BNB-Bank). The proceeds will allow BNB-Bank, which concentrates its activity … Read the full press release

Cargotec: MacGregor signs contract with Shell for Pusnes permanent mooring system

HELSINKI, 24-11-2014 — /EuropaWire/ — MacGregor, part of Cargotec, has signed a contract with Shell for a Pusnes permanent mooring system. Contract value is around EUR 20 million. “We are very happy to finalise this large contract,” says Jan Martin … Read the full press release

Zetes awarded 3 year contract to provide its ZetesAres Direct Store Delivery (DSD) solution to Krispy Kreme UK

Brussels, 24-11-2014 — /EuropaWire/ — Zetes (Euronext Brussels: ZTS), has been awarded a 3 year contract to provide its ZetesAres Direct Store Delivery (DSD) solution to Krispy Kreme UK. Renowned for its speciality doughnuts, Krispy Kreme has opted for a SaaS solution … Read the full press release

Wood Group announces changes to its senior management team

ABERDEEN, 21-11-2014 — /EuropaWire/ — Wood Group announces the following changes to its senior management team. Alan Semple, chief financial officer (CFO) has advised the board that he intends to retire and step down from his current role and from … Read the full press release

Wood Group PSN signs new multi-million dollar, five-year contract extension from Hibernia Management and Development Company Ltd in Canada

ABERDEEN, 21-11-2014 — /EuropaWire/ — Wood Group PSN (WGPSN) will continue its provision of engineering, procurement and construction services to the Hibernia platform, offshore Newfoundland and Labrador, under a new multi-million dollar, five-year contract extension from Hibernia Management and Development … Read the full press release

ISS agreed to new major Integrated Facility Services strategic partnership with Vattenfall in Germany

Today (19-11-2014), ISS (ISS.CO, ISS DC), a leading global provider of facility services, agreed to a new major Integrated Facility Services strategic partnership with Vattenfall in Germany. Søborg, Denmark, 21-11-2014 — /EuropaWire/ — The new contract is the largest win ever … Read the full press release

Bayer CropScience takes major step forward in tackling the global problem of herbicide-resistant weeds with the opening of Weed Resistance Competence Center (WRCC) in Frankfurt

Major step forward in tackling the global problem of herbicide-resistant weeds Frankfurt / Main, 20-11-2014 — /EuropaWire/ — Herbicide-resistant weeds are a growing global problem. The official opening of Bayer CropScience’s Weed Resistance Competence Center (WRCC) in Frankfurt on 19 November … Read the full press release

University of Warwick-led study shows that markets of ethnically diverse traders are much less likely to suffer bubbles

Coventry, UK, 20-11-2014 — /EuropaWire/ — In diverse company, people think more deeply, make better decisions, study finds From The Great Depression through the dot-com boom of the 1990s to the recent financial crisis, stock market bubbles are a constant malaise. … Read the full press release

Vienna Insurance Group recorded very good business development in the first three quarters of 2014

Profit increases 36.4% to EUR 430.8 million Earnings per share grow by 65.5% to EUR 3.26 Premiums stable at around EUR 7.0 billion Combined ratio reduced to a very good 97.2% VIENNA, 20-11-2014 — /EuropaWire/ — Vienna Insurance Group recorded … Read the full press release

ELKO Group expanded its collaboration with Microsoft and now provide its clients with the new ESD system for Microsoft retail products

ELKO Group, one of the leading IT product wholesalers in the Eastern Europe and one of the largest companies in Latvia, has expanded its collaboration with Microsoft and now provide its clients with the new ESD (Electronic Software Delivery) system … Read the full press release

Bank Austria Wohnbaubank launched new WohnbauAnleihe bond for security-oriented investors

• “1.50%–3,50% Stufenzins-Wandelschuldverschreibung” (stepped-coupon convertible bond) VIENNA, 20-11-2014 — /EuropaWire/ — Bank Austria Wohnbaubank has launched a new WohnbauAnleihe bond for security-oriented investors: The term of the new “1.50%–3,50% Stufenzins-Wandelschuldverschreibung 2014–2026/8” is 12 years. The interest rate is fixed for … Read the full press release

Ericsson and Qualcomm successfully complete the world’s first inter-company interoperability testing of LTE Category 9 connectivity

Ericsson and Qualcomm Technologies successfully complete world’s first inter-company interoperability testing of LTE Category 9 connectivity, with download speeds of up to 450 Mbps Category 9 speeds will give mobile users responsive application performance and access to connectivity-based apps in … Read the full press release

Škoda Electric and Solaris consortium to deliver 24 new trolleybuses to the Hungarian capital

PILSEN, 19-11-2014 — /EuropaWire/ — The consortium of companies Škoda Electric and Solaris will deliver 24 new trolleybuses to the Hungarian capital. The Pilsen Škoda company will ensure the delivery of the complete electric equipment and also the final assembly … Read the full press release

Huawei and MegaFon to create and quickly roll out 5G next generation communications standard networks in Russia

Next network will be tested in the run up to the FIFA 2018 World Cup Russia. Shanghai, China, 19-11-2014 — /EuropaWire/ — Huawei, a global ICT solutions provider, and Open Joint Stock Company MegaFon (“MegaFon” or “operator”), a leading mobile operator in Russia, have signed a relevant memorandum of understanding. The … Read the full press release

Mercedes-Benz Cars expands the international presence of its procurement organization

Footprint in China, NAFTA and South Africa deepened New C-Class localized on four continents for the first time Procurement and supplier quality functions integrated Dr. Klaus Zehender, Divisional Board Member Procurement and Supplier Quality Mercedes-Benz Cars: “We need the most … Read the full press release

AF Gruppen reports of 7% profit margin for Q3

OSLO, 18-11-2014 — /EuropaWire/ —  AF Gruppen’s profit margin for Q3 was 7 %. The profit margin and injury rate shows that work on continuous improvement in the organizations is progressing. AF Gruppen is well equipped for further growth, both … Read the full press release

Skanska to sell part of the property Generatorn 2 in Stockholm, Sweden, to HEBA Fastighets AB for SEK 421M

STOCKHOLM, 18-11-2014 — /EuropaWire/ — Skanska has signed an agreement to sell part of the property Generatorn 2 in Stockholm, Sweden, to HEBA Fastighets AB. The value of the transaction totals SEK 421 M. The sale will be recorded for … Read the full press release

REN Gasodutos, SA, publishes the Environmental Report and the Non-Technical Summary of the Strategic Environmental Assessment for the PDIRGN 2013 proposal

LISBON, 18-11-2014 — /EuropaWire/ — REN Gasodutos, SA, as the entity responsible for the preparation of the PDIRGN 2013 proposal, hereby publishes the Environmental Report (ER) and the Non-Technical Summary (NTS) of the Strategic Environmental Assessment (SEA) of said Plan, … Read the full press release

Experian recognised as a ‘Future Champion’ at the National Business Awards 2014 in the UK

LONDON, 17-11-2014 — /EuropaWire/ — Experian today announced that it has been recognised as a ‘Future Champion’ at the National Business Awards 2014 in the UK.  As finalists in The Santander Corporate Citizenship Award, Experian was commended for how it uses its … Read the full press release