Category Archives: Business

Business Press Releases & News distributed via EuropaWire

Allianz SE: Mexico is prospering with economic growth of +3%, unemployment rate less than 5% and debt 40% of country’s GDP

Anyone looking for sound macroeconomic figures should divert their attention from Europe and look towards Latin America. There, in the shadow of Brazil and practically unnoticed by the rest of the world, Mexico has, in the past few years, developed … Read the full press release

Allianz chief economist Michael Heise introduced his new book “Emerging from the Euro Debt Crisis”

Munich, 29-8-2013 — /EuropaWire/ — “No one, not China, not the United States, will wait for 28 different opinions to come out of Europe on important regulations concerning the global economy,” says the Allianz chief economist in our video interview, responding to a … Read the full press release

Volkswagen Group and Shanghai-Volkswagen joint venture started SKD vehicle assembly in Western China, the Group’s 102nd plant worldwide

Urumqi / Wolfsburg, 29-8-2013 — /EuropaWire/ —  Pioneering achievement for Volkswagen Group in Western China • New factory in Urumqi becomes first vehicle plant in the Xinjiang region • Developing the west of the country further strengthens the second home market of … Read the full press release

AXA Group launched its 2013 employee share offering across 38 countries involving 110,000 employees

29-8-2013 — /EuropaWire/ — AXA LAUNCHES ITS 2013 EMPLOYEE SHARE OFFERING (SHAREPLAN 2013) ISSUER AXA, ICB sectorial classification: Industry : 8000, Financials Supersector : 8500, Insurance Sector : 8530, Non life Insurance Subsector : 8532, Full line Insurance OBJECTIVE As each year, the … Read the full press release

Royal Dutch Shell plc Board announced reference share price in respect of Q2 2013 interim dividend

28-8-2013 — /EuropaWire/ — The Board of Royal Dutch Shell plc (“RDS”) today announced the Reference Share Price in respect of the second quarter interim dividend of 2013, which was announced on August 1st, 2013 at $0.45 per A ordinary share (“A … Read the full press release

EBRD lends €10 million to Albania’s Credins Bank Sh.A. for SMEs and trade financing

For on-lending to local SMEs and trade financing 28-8-2013 — /EuropaWire/ — The EBRD is providing Albania’s Credins Bank Sh.A. with €10 million in loans for on-lending to local small and medium-sized enterprises and supporting trade finance solutions for clients of the … Read the full press release

Foreign Affairs MEPs criticised Russian trade restrictions imposed on Ukraine ahead of a possible EU-Ukraine Association Agreement

28-8-2013 — /EuropaWire/ — Foreign Affairs MEPs today criticised Russian trade restrictions imposed on Ukraine, ahead of a possible EU-Ukraine Association Agreement. In a separate debate on the future of Ukraine, opposition leaders Arseniy Yatsenyuk and Vitali Klitschko told MEPs that the … Read the full press release

Maintpartner Finland signs major hydropower operation and maintenance outsourcing contract with Fortum

28-8-2013 — /EuropaWire/ — Maintpartner Finland and Fortum have signed a three-year operation and maintenance agreement regarding Fortum’s hydropower plants in the Oulujoki and Imatra regions. Under the agreement, the local operation and maintenance personnel of Fortum’s hydropower plants will transfer to … Read the full press release

Mr Henrik Sass Larsen becomes EIB Governor for the Kingdom of Denmark

28-8-2013 — /EuropaWire/ — Following recent changes in the Danish government, Mr Henrik Sass Larsen was appointed Minister for Business and Growth on 9 August 2013. He also becomes EIB Governor for the Kingdom of Denmark, succeeding Ms Annette Vilhelmsen. Prior to … Read the full press release

Salzgitter Flachstahl GmbH announced it will raise its flat steel prices by € 30 per ton as from September 1, 2013

28-8-2013 — /EuropaWire/ — Salzgitter Flachstahl GmbH will raise its flat steel prices by € 30 per ton for all new orders as from September 1, 2013. Demand for steel products is still running at a healthy level as steel processors in … Read the full press release

Fortum to close electricity production at its Inkoo coal-fired power plant in Finland

28-8-2013 — /EuropaWire/ — Fortum has decided to discontinue electricity production at its Inkoo coal-fired power plant in Finland. Production operations will end in February 2014, after which the company will mothball three units. As a consequence of the decision to cease production, Fortum will … Read the full press release

Fortum and Maintpartner signed 3-year operation and maintenance agreement regarding Fortum’s hydropower plants in Oulujoki and Imatra, Finland

28-8-2013 — /EuropaWire/ — Fortum and Maintpartner have signed a three-year operation and maintenance agreement regarding Fortum’s hydropower plants in the Oulujoki and Imatra regions of Finland. Under the agreement, the local operation and maintenance personnel of Fortum’s hydropower plants will transfer … Read the full press release

Kesko Group posted €809.1 million sales in July 2013, up 1.3%

28-8-2013 — /EuropaWire/ — The Kesko Group’s sales, excluding VAT, in July 2013 totalled €809.1 million, up 1.3%. In Kesko’s food trade, sales in July were €372.5 million, an increase of 6.2% compared to the previous year. In July, the number of … Read the full press release

911 B shares (KESBV) returned to Kesko without consideration in accordance with Kesko’s three-year share-based compensation plan

28-8-2013 — /EuropaWire/ — A total of 911 B shares (KESBV) have been returned to Kesko Corporation without consideration in accordance with the terms of Kesko’s three-year share-based compensation plan. The shares had initially been transferred to a person included in the target group … Read the full press release

Statement of Uralkali’s Chairman Alexander Voloshin on Uralkali CEO Vladislav Baumgertner detention in Minsk, Belarus

28-8-2013 — /EuropaWire/ — “I consider the detention of Uralkali CEO Vladislav Baumgertner in Minsk on 26 August to be an outrageous act. Economic disputes and various differences which often arise in the course of business should not be dealt with in … Read the full press release

Stefan Romedahl appointed General Manager of Boliden Tara Mines

27-8-2013 — /EuropaWire/ — Stefan Romedahl has been appointed General Manager of Boliden Tara Mines, taking up his position on September 1, 2013. Stefan has around 20 years’ experience of the rock and mining industry. His most recent position was as Project … Read the full press release

ANDRITZ Group to deliver two tissue machines with steel Yankees for the production of high-quality facial and toilet paper to Zhejiang Jingxing Paper, China

27-8-2013 — /EuropaWire/ — International technology Group ANDRITZ has received an order from Zhejiang Jingxing Paper, China, to supply two tissue machines with steel Yankees to its location in Pinghu city, Zhejiang Province, for the production of high-quality facial and toilet paper. … Read the full press release

Outokumpu to provide stainless steel for the façade of China’s highest skyscraper Ping An Finance Center in Shenzhen

27-8-2013 — /EuropaWire/ — Outokumpu has won a bid to provide stainless steel for the façade on Ping An Finance Center in Shenzhen, China. The skyscraper’s façade will be the largest stainless steel façade in the world. This contract demonstrates Outokumpu’s vast … Read the full press release

Aurubis Group reports for significant earnings decline in first nine months of fiscal year 2012/13 due to lower metal prices

Hamburg, 27-8-2013 — /EuropaWire/ — The Aurubis Group generated operating earnings before taxes (EBT) of € 133 million in the first nine months of the current fiscal year and was thus not able to follow up on its very good prior-year earnings … Read the full press release

CEZ Group announced H1 2013 financial results, net income up 5.3% YoY

27-8-2013 — /EuropaWire/ — EBITDA rose by CZK 0.9 bn (1.9%) year on year to CZK 49.2 bn. Net Income grew by 5.3% y-o-y to CZK 28.6 bn. The CEZ Group has not changed its expected results for the entire year; EBITDA … Read the full press release