Category Archives: Business

Business Press Releases & News distributed via EuropaWire

MOL Group statement on the first sentence of the Sanader-trial

Posted on 23, November 2012 by

23-11-2012 — /europawire.eu/ — It is not our duty to comment the first sentence the Zagreb County Court made today. Being the biggest investor in Croatia, obviously we need to respect it and regard it as a decision of an independent juridical … Read the full press release →

Posted in Business, Croatia, Energy, Gas & Oil, Hungary, Law

Cheaper wood imports from Russia: MEPs endorse deal

Posted on 23, November 2012 by

23-11-2012 — /europawire.eu/ — EU forest industries, including wood processers for the building industry and paper producers, will be able to buy cheaper imports of raw spruce and pine from Russia, under an agreement approved by Parliament on Wednesday. Russia is to … Read the full press release →

Posted in Agriculture, Business, Environment, European Union, Government, International Trade, Russia

Competition: European Competition Network refines its Model Leniency Programme

Posted on 23, November 2012 by

Brussels, 23-11-2012 — /europawire.eu/ — The European Competition Network (ECN), composed of the European Commission and the competition authorities of all EU Member States, has strengthened the Model Leniency Programme (“MLP”), around which ECN competition authorities align their own leniency procedures. The MLP … Read the full press release →

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

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Mergers: Commission approves Glencore’s acquisition of Xstrata, subject to conditions

Posted on 23, November 2012 by

Brussels, 23-11-2012 — /europawire.eu/ — The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Xstrata, the world’s fifth largest metals and mining group, by Glencore, the world’s leading metals and thermal coal trader. The clearance is conditional on … Read the full press release →

Posted in Belgium, Business, Commodities, European Union, Government, Industrial, International Trade, Metals and Minerals, Switzerland

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BP Appoints New Upstream Head

Posted on 23, November 2012 by

23-11-2012 — /europawire.eu/ — BP today announced the appointment of Lamar McKay as Chief Executive, Upstream. He will take up the position with effect from January 1, 2013.In his new role, McKay will lead BP’s combined Upstream business, comprising the Exploration, Developments … Read the full press release →

Posted in Business, Energy, Gas & Oil, Management, United Kingdom

DIRECTV signs 4-year contract renewal with Kuehne + Nagel to manage logistics operations in the U.S.

Posted on 23, November 2012 by

Contract extension further boosts strategic relationship New Jersey / USA, 23-11-2012 — /europawire.eu/ — DIRECTV has awarded a new 4-year contract to Kuehne + Nagel to manage its U.S. warehousing operations and inbound international transportation. This contract is both a renewal and … Read the full press release →

Posted in Business, Switzerland, Transportation & Logistics

BMW i Ventures announces strategic investment in award winning mobility app company Embark. Further increasing freedom of individual mobility through innovative mobility services

Posted on 23, November 2012 by

New York, 23-11-2012 — /europawire.eu/ — The BMW Group is expanding development of innovative mobility services under the sub-brand BMW i. The company’s venture capital entity BMW i Ventures is announcing a new investment in the mobile technology company Embark, further increasing the … Read the full press release →

Posted in Automotive, Business, Germany, Investment, Technology, Telecom, Transportation & Logistics

Airbus extends RFID part-marking across all its aircraft families

Posted on 23, November 2012 by

Efficient and error-proof identification of aircraft components Blagnac,  23-11-2012 — /europawire.eu/ — Airbus has become the first commercial aircraft manufacturer to deploy Radio-Frequency-Identification (RFID) part-marking to aircraft components on all its aircraft families. This innovation, which will bring value-chain visibility, error-proof identification … Read the full press release →

Posted in Aviation & Aerospace, Business, Electronics & Machinery, France, Industrial, Technology, Telecom

Krka has presented its operating results for the first nine months of 2012

Posted on 23, November 2012 by

Novo mesto, 23-11-2012 — /europawire.eu/ — The Management Board of Krka, d. d. held a press conference today presenting to the public the results of the Krka Group and the Krka Company for the first nine months of 2012, which the Krka … Read the full press release →

Posted in Business, Financial, Healthcare, Pharma & Biotech, Slovenia

Electronic money: Commission asks Court of Justice to fine Belgium for not implementing EU rules

Posted on 23, November 2012 by

Brussels, 23-11-2012 — /europawire.eu/ — The European Commission has decided to refer Belgium to the Court of Justice of the EU for failing to implement the Directive on the taking up, pursuit and prudential supervision of the business of electronic money institutions. The Commission has … Read the full press release →

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

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DSM to acquire Fortitech to strengthen human nutrition business

Posted on 23, November 2012 by
DSM to acquire Fortitech to strengthen human nutrition business

DSM (NYSE Euronext: DSM KON) to acquire Fortitech for total enterprise value of USD 634 million (about €495 million) in cash Fortitech expected 2013 net sales: about USD 270 million, with EBITDA of about USD 70 million, including synergies and … Read the full press release →

Posted in Business, Food & Beverage, Healthcare, Investment, Metals and Minerals, Netherlands, Pharma & Biotech

New VELUX roof window wins design award

Posted on 22, November 2012 by

22-11-2012 — /europawire.eu/ — The new generation of remote-controlled roof windows from the VELUX Group has been awarded the Design Award at Ingeniørens Produktpris 2012. One of the reasons for the Danish trade magazine’s selection was that VELUX INTEGRA® roof window allows … Read the full press release →

Posted in Awards, Business, Construction, Denmark, Industrial, Marketing, Media

ABLV Bank results in Q3 2012

Posted on 22, November 2012 by

Riga, Latvia, 22-11-2012 — /europawire.eu/ — Q3 2012 was very successful for ABLV Group. The business volume and all major performance indicators continued to grow. The bank’s profit amounted to LVL 10.9 million (EUR 15.4 million). In Q3 we continued gradually substituting long-term … Read the full press release →

Posted in Banks, Business, Financial, Latvia

adidas Group Nine Months 2012 Results

Posted on 22, November 2012 by

Group sales increase 8% on a currency-neutral basis Net income attributable to shareholders up 22% to € 798 million adidas Group to achieve record sales and earnings in 2012 and 2013  adidas and TaylorMade-adidas Golf currency-neutral sales up 12% and … Read the full press release →

Posted in Business, Financial, Germany, Sports

£20 million eco-hotel opens at The University of Nottingham

Posted on 22, November 2012 by

22-11-2012 — /europawire.eu/ — A stunning new eco-friendly hotel, ‘The Orchard’, has opened for business on The University of Nottingham’s award-winning main campus. Designed to complement the University-owned De Vere Venues East Midlands Conference Centre next door, the £20 million hotel complex will provide … Read the full press release →

Posted in Business, Construction, Education, Travel, United Kingdom

State aid: Commission finds sale of LOT Polish Airlines’ subsidiaries did not involve state aid

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — The European Commission has concluded that the sale of LOT Services, LOT Catering and LOT Airport Maintenance Services, subsidiaries of LOT Polish Airlines, was carried out on market terms and did therefore not involve state aid in the meaning of … Read the full press release →

Posted in Aviation & Aerospace, Belgium, Business, European Union, Financial, Government, Law, Poland

BP, Rosneft and Rosneftegaz Sign Definitive Agreements Relating to the Sale of BP’s Interest in TNK-BP and BP’s Investment in Rosneft

Posted on 22, November 2012 by

22-11-2012 — /europawire.eu/ — BP, Rosneft and Rosneftegaz — the state-owned parent company of Rosneft — have signed definitive and binding sale and purchase agreements (SPAs) for the sale of BP’s 50 per cent interest in TNK-BP to Rosneft and BP’s investment … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Russia, United Kingdom

State aid: the Commission approves a new Spanish scheme for the early depreciation of assets acquired via finance leases

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — The European Commission has ruled that the new Spanish system for the early depreciation of the cost of certain assets acquired through finance leasing does not constitute state aid under EU rules, inter alia because it is not selective. Joaquín … Read the full press release →

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

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The Banking Union must be set up urgently

Posted on 22, November 2012 by

22-11-2012 — /europawire.eu/ — Since the onset of the banking crisis, the European Economic and Social Committee (EESC) has advocated greater integration and harmonisation of the regulatory system governing European banks. In light of the current negotiations on the Banking Union and … Read the full press release →

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

Mergers: Commission approves acquisition of German kitchen manufacturer Alno by Whirlpool

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the German kitchen manufacturer Alno AG by the US household appliances company Whirlpool Corporation. The Commission’s investigation showed that there were enough alternative suppliers … Read the full press release →

Posted in Business, Electronics & Machinery, European Union, Financial, Germany, Government, Investment, Law

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