Category Archives: Business

Business Press Releases & News distributed via EuropaWire

EIB invested an unprecedented EUR 1.37bn in France between 12 and 16 May to support employment, social cohesion and economic development

Luxembourg, 22-5-2014 — /EuropaWire/ — The EIB invested an unprecedented EUR 1.37bn in France between 12 and 16 May. Projects supported include the refurbishment of schools, investment in France’s small businesses, a motorway and sustainable public transport initiatives. These will all contribute … Read the full press release

Rolls-Royce to modernise Fortum’s Loviisa Nuclear Power Plant automation

Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum has signed an agreement with Rolls-Royce about the modernisation of automation at its Loviisa nuclear power plant in Finland. The parties have agreed not to disclose the value of the agreement. The modernisation will be carried … Read the full press release

Fortum and Areva-Siemens Consortium agreed to discontinue the current automation modernisation project agreement at Loviisa nuclear power plant in Finland

Helsinki, Finland, 21-5-2014 — /EuropaWire/ — Fortum and Areva-Siemens Consortium have agreed on discontinuation of the current automation modernisation project agreement. Areva-Siemens Consortium will complete the ongoing agreed and resized work in cooperation with Fortum. Fortum is convinced that a new solution to continue the … Read the full press release

Gazprom to supply 38 billion cubic meters of Russian gas annually to China

Moscow, Russia,  21-5-2014 — /EuropaWire/ — Alexey Miller, Chairman of the Company’s Management Committee and Zhou Jiping, Chairman of China National Petroleum Corporation (CNPC) signed today a contract to supply pipeline gas from Russia to China via the eastern route. The parties signed the document in the presence of Russian President … Read the full press release

Comlux The Aviation Group becomes the first Airbus ACJ319 customer for an in-service retrofit of Sharklets

Sharklets save fuel and enhance appearance Blagnac,  21-5-2014 — /EuropaWire/ — Comlux The Aviation Group has become the first Airbus ACJ319 customer for an in-service retrofit of Sharklets, upswept fins attached to the wingtips that save about 4 per cent in fuel … Read the full press release

Lemminkäinen agreed on amended terms of its EUR 185 million credit facility with the lenders

LEMMINKÄINEN HAS AGREED ON AMENDED TERMS OF ITS CREDIT FACILITY AND CONTINUES MEASURES TO STRENGHTEN THE BALANCE SHEET Helsinki, Finland,  21-5-2014 — /EuropaWire/ — Lemminkäinen Corporation agreed on a three-year unsecured syndicated revolving credit facility of EUR 185 million in March 2013. The … Read the full press release

MYTILINEOS Group announced net profit up 36.5% in their financial results for the 1st Quarter of 2014

Maroussi, Greece, 21-5-2014 — /EuropaWire/ — 2014-Q1 Highlights: Operational profitability (EBITDA) up 28%. Net profit up 36.5%. Generation of strong cash flows and improvement of the Group’s credit profile. Net borrowing further reduced to €436.9 million, down from €509.7 million in 2013 and … Read the full press release

Novartis signed licensing agreement with Ophthotech Corporation to market Fovista® outside the United States

Novartis acquires exclusive ex-US rights to Fovista from Ophthotech; upfront payment of USD 200 million plus potential future recruitment and other milestone payments; additionally Ophthotech to receive royalties on ex-US Fovista sales Fovista is the most advanced anti-PDGF technology in … Read the full press release

SAP shareholders approved the conversion of legal form to a European stock corporation (Societas Europaea, SE)

Annual General Meeting of Shareholders 2014 Mannheim, Germany,  21-5-2014 — /EuropaWire/ — The Annual General Meeting of Shareholders of SAP AG today approved all management proposals for the agenda items. With more than 99% of the votes, the shareholders approved the conversion … Read the full press release

Maris Interiors LLP completes office relocation and fit-out project for ICSA

Maris Interiors LLP have just completed an office relocation and fit-out project on behalf of the ICSA.  LONDON, 21-5-2014 — /EuropaWire/ — ICSA is the chartered membership and qualifying body for people working in governance, risk and compliance, including company secretaries. … Read the full press release

RTL Hrvatska names Henning Tewes CEO

Ivan Lovrecek promoted to Deputy CEO Ten years after the launch of RTL Televizija, RTL Group now operates a family of three free-TV channels in Croatia Luxembourg/Zagreb,  20-5-2014 — /EuropaWire/ — RTL Group, the leading European entertainment network, today announced the appointment … Read the full press release

VB-Leasing International (VBLI) verkauft Landesgesellschaften in Polen und Rumänien an die polnische Getin Holding

Eschborn, Deutschland, 20-5-2014 — /EuropaWire/ — Das Joint Venture der Österreichischen Volksbanken-AG (ÖVAG) und der deutschen VR-LEASING Aktiengesellschaft verkauft die VB Leasing Polen sowie die VB Leasing Rumänien an die polnische Getin Holding S.A. Der entsprechende Vertrag wurde heute unterzeichnet. Mit dem … Read the full press release

Airbus Defence and Space, Dassault Aviation and Alenia Aermacchi plan to develop next generation advanced European Unmanned Aerial System (UAS)

Leading European companies deliver plan to France, Germany and Italy Berlin/Paris/Rome, 20-5-2014 — /EuropaWire/ — Europe’s Industry is ready to develop a next generation advanced European Unmanned Aerial System (UAS). After their call for the development of a European drone at … Read the full press release

Airbus Defense and Space flash based Solid-State Recorder successfully passed all NASA space qualification test requirements

Airbus Defense and Space flash based Solid-State Recorder completes NASA qualification test and over 20 months successful operation in orbit Colorado Springs, USA, 20-5-2014 — /EuropaWire/ — The flash memory Solid-State Recorder (SSR) products of Airbus Defense and Space have passed all NASA … Read the full press release

Vestas to deliver 48 V112-3.0 MW turbines for First Wind’s 148-MW Oakfield project in Maine, U.S.

Vestas has received an order of 148 MW from First Wind for V112-3.0 MW turbines in the U.S. Aarhus, Denmark, 20-5-2014 — /EuropaWire/ — With reference to the Vestas Wind Systems A/S company announcement No. 22/2014 of 19 May 2014, Vestas has received … Read the full press release

Rostelecom OJSC to hold 2013 Annual General Meeting of Shareholders on June 30, 2014 in Moscow

Moscow, Russia, 20-5-2014 — /EuropaWire/ — Rostelecom OJSC (MOEX: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that its Board of Directors has set the date for the 2013 Annual General Meeting of Shareholders (the “AGM”). The Board has … Read the full press release

Lloyds Bank research reveals South West London holds the biggest allure for aspiring young professionals

Areas of south west London are most attractive for young aspiring urbanites SW19 in Wimbledon is the most popular postal area for 25 to 44 year olds LONDON, 19-5-2014 — /EuropaWire/ — When it comes to putting down roots, South West … Read the full press release

Swisscom launches two new offerings for its fixed-network customers

Berne, 19-5-2014 — /EuropaWire/ — Swisscom fixed-network customers benefit from two new offerings. First, as from today they can be reached anywhere in the world via their existing fixed-line number thanks to a unique new feature in Swisscom’s iO communications app. The … Read the full press release

R J Kiln & Co Limited released updated forecasts for 2012 and 2013 years of account for its three non-aligned syndicates

All syndicates are forecast to deliver profits for the 2012 and 2013 years of account Kiln remains focused on product innovation to address changing risk portfolios Experienced in managing the business through soft market conditions London, 19-5-2014 — /EuropaWire/ — R J … Read the full press release

Swiss National Bank announced the fourth gold agreement between central banks in Europe

Zurich, 19-5-2014 — /EuropaWire/ — The Swiss National Bank (SNB), the European Central Bank (ECB), the central banks of the euro area (Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain) … Read the full press release