Category Archives: Business

Business Press Releases & News distributed via EuropaWire

EBRD provides US$ 20m equity and considers US$ 130m loan to Senj Sant cement plant in Mongolia

Posted on 14, May 2013 by

The EBRD is supporting the construction of a greenfield cement plant in Mongolia to meet rising demand generated by a rapidly growing economy 14-5-2013 — /europawire.eu/ — Under an agreement signed at the 2013 EBRD Annual Meeting in Istanbul, the Bank is providing … Read the full press release →

Posted in Banks, Business, Construction, European Union, Financial, Government, Industrial, Investment, United Kingdom

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Joaquín Almunia welcomes Visa Europe’s proposed commitments to cut inter-bank fees for credit cards

Posted on 14, May 2013 by

Brussels, 14-5-2013 — /europawire.eu/ — Vice President Almunia welcomes Visa Europe’s proposed commitments to significantly cut its inter-bank fees for credit card payments, to a level of 0.3% of the value of the transaction (a reduction of about 40 to 60%) and … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Law

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Orkla Board of Directors Nominations

Posted on 14, May 2013 by

Oslo, 14-5-2013 — /europawire.eu/ — The Nomination Committee has submitted its recommendation for a new Board of Directors for Orkla. The election is to be held at the Corporate Assembly meeting on 21 May 2013.   The Nomination Committee recommends the re-election … Read the full press release →

Posted in Business, Management, Norway

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Norwegian and Virgin Atlantic to share Dreamliner long-haul expertise and pilot training

Posted on 14, May 2013 by

14-5-2013 — /europawire.eu/ — Norwegian Long Haul has signed a Memorandum of Understanding (MoU) with Virgin Atlantic. The agreement enables Norwegian to tap into Virgin Atlantic’s expertise on long-haul operations, while Virgin Atlantic’s instructors will receive pilot training on board Norwegian’s … Read the full press release →

Posted in Aviation & Aerospace, Business, Norway, Transportation & Logistics, Travel

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ABB, Wärtsilä won major contract to upgrade a series of power plants in Brazil

Posted on 14, May 2013 by

Baden, Switzerland, 14-5-2013 — /europawire.eu/ — ABB’s Turbocharging business unit received a major order to upgrade a series of power plants within the context of its business collaboration with Wärtsilä. The order is the first of three, which together will amount … Read the full press release →

Posted in Business, Energy, Gas & Oil, Finland, Industrial, Infrastructure & Utilities, Switzerland, Technology

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Technical University of Munich / MAN Study: Cities now blueprinting tomorrow’s mobility

Posted on 14, May 2013 by

The study “What Cities Want”, completed by the Technical University of Munich and MAN, maps strategies for modern city planning around the world – innovative traffic solutions for the metropolises of the future. 14-5-2013 — /europawire.eu/ — Cities are attracting more … Read the full press release →

Posted in Automotive, Business, Education, Environment, Germany, Technology, Transportation & Logistics

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Sapa Extrusions North America received Outstanding Supplier Support Award for Quality from Spartan Motors, Inc.

Posted on 14, May 2013 by

Rosemont, IL, 14-5-2013 — /europawire.eu/ — Sapa Extrusions North America recently received an Outstanding Supplier Support Award for Quality from Spartan Motors, Inc. during the company’s annual SPARC (Spartan Performance and Review Committee) Awards Banquet. This award is given to suppliers … Read the full press release →

Posted in Automotive, Awards, Business, Industrial, Metals and Minerals, Norway, Technology, Transportation & Logistics

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EIB provides EUR 140m loan to Elektrocieplownia Stalowa Wola, Poland

Posted on 14, May 2013 by

14-5-2013 — /europawire.eu/ —  The European Investment Bank (EIB) is providing a PLN 566m (some EUR 140m) loan to Elektrocieplownia Stalowa Wola for the construction of a combined cycle gas turbine (CCGT) power station with an electric capacity of 450 … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, European Union, Financial, Industrial, Infrastructure & Utilities, Investment, Poland

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Sapa joint venture deal between Orkla ASA & Norsk Hydro ASA cleared by the EU Commission

Posted on 14, May 2013 by

14-5-2013 — /europawire.eu/ — The EU Commission has today approved the transaction between Norsk Hydro ASA and Orkla ASA to form a 50/50 joint venture, to be named Sapa. Pending necessary approval from Chinese competition authorities, the parties expect the transaction … Read the full press release →

Posted in Belgium, Business, European Union, Financial, Government, Industrial, Investment, Law, Metals and Minerals, Netherlands, Norway, Sweden

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Airbus, Air Canada and BioFuelNet Canada partner for the production of sustainable alternative jet fuels

Posted on 14, May 2013 by

Existing and emerging solutions being studied for Canadian aviation Blagnac, 14-5-2013 — /europawire.eu/ — Airbus, Air Canada and BioFuelNet Canada, hosted by Montreal’s McGill University, have formed a partnership to assess Canadian solutions for the production of sustainable alternative jet fuels with … Read the full press release →

Posted in Aviation & Aerospace, Business, Energy, Gas & Oil, Environment, France, Technology, Transportation & Logistics, Travel

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EC clears Banco CEISS restructuring plan

Posted on 14, May 2013 by

Brussels, 14-5-2013 — /europawire.eu/ — The European Commission has concluded that a modification to Banco CEISS’ restructuring plan, opening the door for an acquisition of the bank by Unicaja Banco, is in line with EU state aid rules. In particular, the Commission … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, Government, Investment, Law, Spain

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EADS Reports Improved Q1 2013 Results, Full Year 2013 Guidance Reaffirmed

Posted on 14, May 2013 by

• Revenues increase 9 percent to € 12.4 billion  • EBIT* before one-off rises 56 percent to € 741 million • Net Income rises 91 percent to € 241 million Amsterdam 14-5-2013 — /europawire.eu/ — EADS (stock exchange symbol: EAD) achieved … Read the full press release →

Posted in Aviation & Aerospace, Business, Defence, Financial, France, Germany, Netherlands, Security & Safety

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EC suggests 4 options for the future of 1 and 2 euro cent coins

Posted on 14, May 2013 by

Brussels, 14-5-2013 — /europawire.eu/ — The Commission has suggested four possible scenarios for the future issuance or withdrawal of 1 and 2 euro cent coins. The Communication adopted today responds to a request from the European Parliament and the Council of Ministers … Read the full press release →

Posted in Belgium, Business, European Union, Financial, Government, Politics

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Turboprop aircraft manufacturer ATR’s newest ATR ‘-600 series’ aircraft certified by the American Federal Aviation Administration

Posted on 13, May 2013 by

Toulouse, 13-5-2013 — /europawire.eu/ — Turboprop aircraft manufacturer ATR is pleased to announce that the newest ATR ‘-600 series’ aircraft have just received their certification from the FAA, the American Federal Aviation Administration. This certification, for both the ATR 42-600 and the … Read the full press release →

Posted in Aviation & Aerospace, Business, France, Government, Transportation & Logistics

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Cyprus bailout debate with Olli Rehn & Jorg Asmussen

Posted on 13, May 2013 by

MEPs dissect Cyprus bailout with Messrs Rehn and Asmussen 13-5-2013 — /europawire.eu/ — The confusion and delay that surrounded decisions on the Cyprus assistance plan were not only due to Cypriot intransigence. Rather, they reveal a need to radically rethink Eurogroup … Read the full press release →

Posted in Banks, Business, Cyprus, Economy, European Union, Financial, Government, Politics, Society

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EBRD loans EUR 9.5 m to Turkish broadband internet and fixed telephony provider TurkNet

Posted on 13, May 2013 by

13-5-2013 — /europawire.eu/ — The EBRD is lending to a dynamic independent provider of broadband internet and fixed telephony services to help it grow and deliver better services to more subscribers. The long-term Turkish lira loan worth EUR 9.5 million will … Read the full press release →

Posted in Banks, Business, Financial, Internet & Online, Investment, Telecom, Turkey

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Daimler Trucks continues to expand its presence in new growth markets

Posted on 13, May 2013 by

Daimler Trucks Bundles Asia Business for Further Growth The “Asia Business Model” will tap into the full synergy potential of Mitsubishi Fuso Truck and Bus Corporation (MFTBC) and Daimler India Commercial Vehicles (DICV) Kawasaki and Chennai plants positioned as important Daimler … Read the full press release →

Posted in Automotive, Business, Germany, Industrial, Transportation & Logistics

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Alstom UK released its final year figures, fourth year in a row the division tops the £1bn mark sales

Posted on 13, May 2013 by

13-5-2013 — /europawire.eu/ — International engineering firm Alstom, which employs around 6,500 people in the UK, has released its final year figures and given details of the number of open vacancies it has. The UK arm of the company, which has … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Industrial, Transportation & Logistics, United Kingdom

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New Alstom service centre for tramways hydraulic brakes in Madrid

Posted on 13, May 2013 by

13-5-2013 — /europawire.eu/ — Alstom has inaugurated in Madrid a Lead Service Centre specialised in tramway equipment overhauls and repairs within its business area Transport Life Services (TLS). This new centre will focus its industrial activities on overhauls and repairs of … Read the full press release →

Posted in Automotive, Business, France, Spain, Technology, Transportation & Logistics

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ABB & Jiangsu Jingke formed joint venture in China

Posted on 13, May 2013 by

New joint venture to produce high voltage instrument transformers to serve growing demand Zurich, Switzerland,  13-5-2013 — /europawire.eu/ — ABB, the leading power and automation technology group has entered into an agreement with Jiangsu Jingke Smart Electric Company in China to … Read the full press release →

Posted in Business, Electronics & Machinery, Industrial, Switzerland, Technology

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