Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

EC Vice-President Joaquín Almunia comments on Lundbeck anticompetitive agreements case

Posted on 21, June 2013 by

Commission fines Lundbeck and other pharma companies for delaying market entry of generic medicines: statement by Vice-President Almunia Joaquín Almunia – Vice President of the European Commission responsible for Competition Policy Press conference, Brussels, 21-6-2013 — /europawire.eu/ — Today the European Commission has found … Read the full press release →

Posted in Belgium, Business, Denmark, European Union, Financial, Government, Healthcare, Law, Pharma & Biotech, Politics

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Hong Kong aircraft leasing company signed for 60 Airbus A320neo Family aircraft at Paris Air Show

Posted on 21, June 2013 by

Aircraft financier confident in market demand for efficient NEO Blagnac, 21-6-2013 — /europawire.eu/ — Hong Kong Aviation Capital (HKAC), a fast growing aircraft leasing company based in Hong Kong, has signed a Memorandum of Understanding (MoU) with Airbus for the purchase of … Read the full press release →

Posted in Aviation & Aerospace, Business, Financial, France, Investment, Transportation & Logistics, Travel

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Russian asphalt producer received loan from NBD Bank under EBRD’s RuSEFF credit line

Posted on 21, June 2013 by

Russian Sustainable Energy Financing Facility (RuSEFF) boosts businesses and the residential sector 21-6-2013 — /europawire.eu/ — Halving energy costs is one of those achievements that can really make a difference to a small company. One Russian asphalt producer knows this from … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Investment, Russia

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Marks & Spencer plans to build £200m distribution centre at London Gateway

Posted on 20, June 2013 by

Prime Minister welcomes £200 million investment by Marks & Spencer into new distribution centre at London Gateway 700 new jobs for South Essex Major efficiencies in M&S supply chain to be achieved by shipping to new London Gateway super port … Read the full press release →

Posted in Apparel, Fashion & Beauty, Business, Construction, Financial, Industrial, Infrastructure & Utilities, Investment, Transportation & Logistics, United Kingdom

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British 2012 defence exports grew by 62%, the largest increase for 5 years

Posted on 20, June 2013 by

20-6-2013 — /europawire.eu/ — New figures published today by UK Trade & Investment’s Defence and Security Organisation (UKTI DSO) show that UK defence exports totalled £8.8 billion over the past year, a rise of 62% from 2011 in a global market that grew by … Read the full press release →

Posted in Aviation & Aerospace, Business, Defence, Financial, Industrial, Security & Safety, United Kingdom

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Spanish €260M scheme to finance terrestrial digital platform operators found incompatible with EU State aid rules

Posted on 20, June 2013 by

Brussels, 20-6-2013 — /europawire.eu/ — The European Commission has concluded that a Spanish €260 million scheme to finance the digitisation and extension of the terrestrial television network in remote areas of Spain was incompatible with EU State aid rules. The measure favours … Read the full press release →

Posted in Business, European Union, Financial, Government, Investment, Law, Media, Spain, Technology, Telecom

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H & M Hennes & Mauritz AB first half year (1 December 2012 – 31 May 2013) results announced

Posted on 20, June 2013 by

20-6-2013 — /europawire.eu/ — H & M Hennes & Mauritz AB Six-month report 1 December 2012 – 31 May 2013 FIRST HALF-YEAR The H&M Group’s sales including VAT increased in local currencies by 5 percent during the first six months of … Read the full press release →

Posted in Apparel, Fashion & Beauty, Business, Financial, Investment, Sweden

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EBRD President Sir Suma Chakrabarti visited Romania and met with Romanian President Traian Basescu

Posted on 20, June 2013 by

New SME credit helps small firms gain access to finance 20-6-2013 — /europawire.eu/ — The EBRD reached out to small Romanian companies on Monday during a week when EBRD President Sir Suma Chakrabarti’s first visit to the country underscored the Bank’s … Read the full press release →

Posted in Banks, Business, Financial, Government, Investment, Romania, Small Business

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Nobel Center to open in Stockholm thanks to one of the largest private donations in Sweden

Posted on 20, June 2013 by

Stockholm, 20-6-2013 — /europawire.eu/ — Thanks to a generous donation, most of the financing has been secured for construction of the Nobel Center on the Blasieholmen peninsula in central Stockholm.  The donors are the Erling-Persson Family Foundation and the Knut and Alice Wallenberg Foundation. Together … Read the full press release →

Posted in Awards, Construction, Financial, Non Profit, Society, Sweden

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EC to investigate Sweden and Denmark public support measure to Scandinavian Airlines (SAS)

Posted on 20, June 2013 by

Brussels, 20-6-2013 — /europawire.eu/ — The European Commission has opened an in-depth investigation to verify whether a public support measure granted in 2012 by Sweden and Denmark to Scandinavian Airlines (SAS) is in line with EU state aid rules. The Commission has … Read the full press release →

Posted in Aviation & Aerospace, Belgium, Denmark, European Union, Financial, Government, Law, Norway, Sweden, Transportation & Logistics, Travel

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H. Lundbeck A/S disappointed and strongly disagrees with EC decision and intends to appeal

Posted on 20, June 2013 by

The European Commission has decided that Lundbeck’s agreements concluded with four generic competitors concerning citalopram violated competition law The decision includes fining Lundbeck EUR 93 million Lundbeck’s financial guidance for 2013 is maintained excluding costs connected to the fine Lundbeck is … Read the full press release →

Posted in Belgium, Business, Denmark, European Union, Financial, Government, Healthcare, Law, Pharma & Biotech

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Vestas to supply 14 V90-3.0 MW turbines to Obrovac Zelengrad wind power plant in Croatia

Posted on 20, June 2013 by

20-6-2013 — /europawire.eu/ — Vestas has received a firm and unconditional order for 42 MW. The 14 V90-3.0 MW turbines will be installed in the province of Obrovac, Croatia. The first turbine delivery is planned for the first quarter of 2014 … Read the full press release →

Posted in Business, Croatia, Denmark, Energy, Gas & Oil, Environment, Financial, Investment, Technology

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Fundación Iberdrola received 525+ applications for Its Social Aid Programme, 46 projects will receive funding

Posted on 20, June 2013 by

The initiatives will be carried out in Spain within a maximum execution time of one year The recipient projects are related to the fight against poverty, social exclusion and improved quality of life The Foundation will fund up to €20,000 … Read the full press release →

Posted in Environment, Financial, Non Profit, Society, Spain

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Amendment to Croatian shipyard 3.Maj restructuring plan approved by the European Commission

Posted on 20, June 2013 by

Brussels, 20-6-2013 — /europawire.eu/ — The European Commission has authorised under EU state aid rules an amendment to the restructuring plan for 3.Maj, one of the Croatian shipyards in difficulty. The Commission concluded that any distortion of competition that may arise from … Read the full press release →

Posted in Business, Croatia, European Union, Financial, Government, Industrial, Investment, Transportation & Logistics

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VINCI lands €1.5 billion worth of design-build contract for Doha metro in Qatar

Posted on 20, June 2013 by

– A design-build contract with a value of €1.5 billion – Works over a period of five years, involving up to 3,000 employees – A flagship project in Qatar in the run-up to the 2022 FIFA World Cup. Rueil-Malmaison, 20-6-2013 … Read the full press release →

Posted in Business, Construction, Financial, France, Infrastructure & Utilities, Transportation & Logistics

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EC concludes ANA – Aeroportos de Portugal privatisation does not constitute state aid

Posted on 20, June 2013 by

Brussels, 20-6-2013 — /europawire.eu/ — The European Commission has concluded that the privatisation of ANA – Aeroportos de Portugal, S.A. was carried out on market terms and therefore did not involve any state aid in the meaning of EU rules. ANA has … Read the full press release →

Posted in Aviation & Aerospace, Belgium, Business, European Union, Financial, Government, Investment, Law, Portugal, Transportation & Logistics

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Kazakh disposable medical supplies company receives help from EBRD’s Small Business Support

Posted on 20, June 2013 by

20-6-2013 — /europawire.eu/ — It’s the simple things in life which can most radically improve patient care, as Juldyz Kenan, a Kazakh firm which works with the EBRD’s Small Business Support programme, can testify.  Juldyz Kenan manufactures quality disposable plastic medical supplies, such … Read the full press release →

Posted in Banks, Business, European Union, Financial, Healthcare, Investment, Small Business

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EU-funded project finds more wind power and cheaper electricity possible on existing EU grid networks

Posted on 20, June 2013 by

– 10% more power can be brought online by measuring cable temperature in real time – 2% cut in electricity prices using wind turbines and other power sources as virtual power plants – 28% more wind power can be produced … Read the full press release →

Posted in Belgium, Business, Energy, Gas & Oil, Environment, European Union, Financial, Government, Technology

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EC fines Danish pharmaceutical company Lundbeck over anticompetitive agreements

Posted on 20, June 2013 by

Brussels, 20-6-2013 — /europawire.eu/ — The European Commission has imposed a fine of € 93,8 million on Danish pharmaceutical company Lundbeck and fines totalling € 52,2 million on several producers of generic medicines. In 2002, Lundbeck agreed with each of these … Read the full press release →

Posted in Belgium, Business, Denmark, European Union, Financial, Government, Healthcare, Law, Pharma & Biotech, Society

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The European Commission Guidelines to Member States on regional aid 2014-2020

Posted on 19, June 2013 by

Brussels, 19-6-2013 — /europawire.eu/ —  The European Commission has adopted guidelines on how Member States can grant investment aid to companies in order to support the development of disadvantaged regions in Europe between 2014 and 2020. These guidelines are part of … Read the full press release →

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

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