Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Practical guidelines on 2015 VAT change released by EC

Brussels, Belgium, 30-10-2013 — /EuropaWire/ — The Commission has today published practical guidelines to prepare businesses for the new VAT rules for telecoms and e-services, which will enter into force in 2015. The aim is to help businesses to be fully prepared … Read the full press release

Telenor Sweden acquired Tele2 Sweden AB’s fibre and cable consumer market business for SEK 775 million

Stockholm, Sweden, 25-10-2013 — /EuropaWire/ — Telenor Sweden (Telenor) is continuing its commitment in broadband and television services and buys Tele2 Sweden AB (Tele2) fibre and cable business serving the consumer market for a cash sum of SEK 775 million. In 2012, … Read the full press release

Vivendi settled dispute in international arbitration with State of Argentina over 1997 water contract termination

Paris, France, 25-10-2013 — /EuropaWire/ — Vivendi announced today that it has settled a dispute with the State of Argentina resulting from the termination of a water contract in Tucuman province in August 1997. As a result of an international arbitration, Vivendi … Read the full press release

Vivendi divested 85% interest in Activision Blizzard for $8.2 billion in cash

Paris, France, 25-10-2013 — /EuropaWire/ — Vivendi announced today the completion of the divestment of over 85% of its interest in Activision Blizzard. The Group has received cash proceeds totaling $8.2billion. This divestment represents a major step forward in the strategic review Vivendi … Read the full press release

SNS REAAL NV announced change in its supervisory board

Utrecht, the Netherlands, 24-10-2013 — /EuropaWire/ — Piero Overmars, Jaap Lagerweij, Robert Jan van de Kraats and Herna Verhagen will resign from the Supervisory Board of SNS REAAL NV (the Supervisory Board) per 1 November 2013. At the Extraordinary General Meeting of … Read the full press release

CFO of Energetický a průmyslový holding Pavel Horsk named The CFO of the Year 2013 by CFO-Insight.com

Prague, Czech Republic, 24-10-2013 — /EuropaWire/ — The well-respected CFO-Insight.com website has given The CFO of the Year 2013 award to Pavel Horský, CFO of Energetický a průmyslový holding (“EPH”). Pavel Horský accepted the award at a gala evening in Warsaw. Pavel … Read the full press release

VimpelCom announced it will be included in NASDAQ-100 Index® effective October 29, 2013

Amsterdam, the Netherlands, 24-10-2013 — /EuropaWire/ — “VimpelCom Ltd.” (“VimpelCom”, “Company” or “Group”) (NASDAQ:VIP), a leading global provider of telecommunications services, announces that the Company will be added to the NASDAQ-100 Index® effective October 29, 2013. “NASDAQ-100 Index inclusion is an important milestone … Read the full press release

EIB provides €365M loan to Snam for development of Italgas and Snam Rete Gas natural gas projects

Luxembourg, 24-10-2013 — /EuropaWire/ — The European Investment Bank (EIB) has signed two loan contracts with Snam, amounting to EUR 300 million and EUR 65 million, for the financing of two projects to be developed respectively by Italgas and Snam Rete Gas, the two Snam-controlled … Read the full press release

Vienna 2 Initiative Full Forum in Brussels focused on weak credit growth and non-performing loans (NPLs) across Central, Eastern and South Eastern Europe (CESEE) banking sector

Brussels, Belgium,  24-10-2013 — /EuropaWire/ — The Vienna 2 Initiative Full Forum met in Brussels on 21-22 October. It assessed recent trends in deleveraging, credit provision, and non-performing loans (NPLs) in the banking sectors of Central, Eastern and South Eastern Europe (CESEE). … Read the full press release

EBRD launched new €75M Western Balkans Sustainable Energy Efficiency Facility II (WeBSEFF II) to support energy conservation in the region

London, UK, 24-10-2013 — /EuropaWire/ — The EBRD is launching the new Western Balkans Sustainable Energy Efficiency Facility II (WeBSEFF II) to support efforts towards the improved use and conservation of energy in the region. The facility is combining necessary longer-term financing … Read the full press release

EBRD provided €4.5 million loan for district heating upgrade in Pale, Bosnia and Herzegovina

London, UK, 24-10-2013 — /EuropaWire/ — The EBRD is supporting the modernisation and expansion of Gradske Toplane Pale, the provider of district heating in Pale, with a loan of up to €4.5 million. The loan will be used for the acquisition of … Read the full press release

GlaxoSmithKline delivers Q3 core EPS of 28.9p (+16% CER) and dividend of 19p (+6%)

London, UK, 23-10-2013 — /EuropaWire/ — GSK announces Q3 core EPS growth of 16% and dividend of 19p Core EPS 28.9p (+16%) benefiting from operating, financial and long-term cost efficiencies Pharma & Vaccines sales flat: US +2%, Europe +5%, Japan +2% offset by … Read the full press release

Euler Hermes named best credit service provider in China at the 10th China International Credit and Risk Management Conference

Hong Kong / Singapore, 23-10-2013 — /EuropaWire/ — Euler Hermes was named best credit service provider in China at the 10th China International Credit and Risk Management Conference held in Beijing recently. It shares this year’s award with Sinosure. Xi Zhen Wang, CEO of … Read the full press release

The Financial Action Task Force (FATF) released its 6th Follow-up Report on the Mutual Evaluation of the Russian Federation

Paris, France, 22-10-2013 — /EuropaWire/ — In October 2013, the FATF recognised that the Russian Federation had made significant progress in addressing the deficiencies identified in the 2008 mutual evaluation report and could be removed from the regular follow-up process. The decision by the … Read the full press release

The Financial Action Task Force (FATF) released its 2nd Follow-up Report on the Mutual Evaluation of New Zealand

Paris, France, 22-10-2013 — /EuropaWire/ — New Zealand was placed in the regular follow-up process as a result of non-compliant (NC) and partially compliant (PC) ratings for certain core and key Recommendations in its mutual evaluation report of October 2009. The October 2013 … Read the full press release

Neste Oil Corporation’s Q3 2013 results will be released on Thursday, 24 October 2013

Espoo, Finland, 22-10-2013 — /EuropaWire/ — Neste Oil will publish its third quarter 2013 results on Thursday, 24 October 2013 at approximately 9 a.m. (EET). The release will be available on the Neste Oil website immediately after publishing. A press conference in … Read the full press release

NEFCO to finance investments in municipal energy efficiency projects Ukrainian cities of Vinnytsia and Zhytomyr

Helsinki, Finland, 22-10-2013 — /EuropaWire/ — The Ukrainian cities of Vinnytsia and Zhytomyr have signed loan agreements with NEFCO to finance investments in municipal energy efficiency measures. The agreements were signed today at the Ukrainian Ministry of Regional Development, Construction and … Read the full press release

Nordic Environment Finance Corporation (NEFCO) to launch export credits for SME environmentally-friendly projects in Russia, the Ukraine and Belarus

Nordic Environment Finance Corporation (NEFCO) will begin offering export credits for small-scale projects with environmental benefits in Russia, the Ukraine and Belarus. The export credits are intended for Nordic companies export deliveries valued at EUR 0.5-5 million. Nordic export credit … Read the full press release

Finnvera launched EUR 230 million floating rate note maturing in August 2018

Finland, 21-10-2013 — /EuropaWire/ — Finnvera launched on 8 October 2013 a SEK 2 billion (approx. EUR 230 million) floating rate note maturing in August 2018. The note was issued under the company’s EMTN (Euro Medium Term Note) programme. Finnvera’s EMTN programme … Read the full press release

MAPFRE ha adquirido una participación del 20 por ciento en la compañía aseguradora Asuransi Bina Dana Arta “ABDA” Indonesia

La operación permite a MAPFRE aumentar su presencia en el sudeste asiático y posicionarse en un mercado con un elevado potencial Madrid, Spain, 18-10-2013 — /EuropaWire/ — MAPFRE ha adquirido una participación del 20 por ciento en la compañía aseguradora Asuransi Bina … Read the full press release