Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

CoR, EP: €1bn additional funding needed for the Fund for European Aid for the Most Deprived

Posted on 13, June 2013 by

Brussels, 13-6-2013 — /europawire.eu/ — The Committee of the Regions (CoR) warmly welcomes the adoption by the European Parliament of a report by Emer Costello (IE/S&D) on the Fund for European Aid for the Most Deprived. The EP’s final text includes key … Read the full press release →

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

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EIB opens EUR 500M trade finance to foreign trade oriented SMEs in Greece

Posted on 12, June 2013 by

Athens / Luxembourg, 12-6-2013 — /europawire.eu/ — The European Investment Bank (EIB) provides up to EUR 500 million for trade finance to support foreign trade oriented small and medium sized companies (SMEs) in Greece. The EIB, as a long-term lender, has adapted to … Read the full press release →

Posted in Banks, Business, European Union, Financial, Greece, International Trade, Investment, Luxembourg

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The negotiations on the 2014-2020 Multiannual Financial Framework (MFF) are in full swing

Posted on 12, June 2013 by

Making sense of the MFF/ budget 2014/ amending budgets 2013 maze Brussels, 12-6-2013 — /europawire.eu/ — The negotiations on the 2014-2020 Multiannual Financial Framework (MFF) are in full swing. As a rule, MFF negotiations are immensely complex as they encompass everything the … Read the full press release →

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

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The UK government to introduce measures to increase access to affordable, short term credit

Posted on 12, June 2013 by

12-6-2013 — /europawire.eu/ — The government will introduce legislation in the autumn so that more people have access to affordable, short term credit. The changes will allow credit unions to provide credit to customers they had previously been forced to turn away. The … Read the full press release →

Posted in Business, Financial, Government, Law, United Kingdom

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EBRD, Crédit Agricole Bank Novi Sad to provide €7m funded risk sharing for agribusiness companies in Serbia

Posted on 12, June 2013 by

12-6-2013 — /europawire.eu/ — The EBRD is stepping up its efforts to support private agribusiness companies in Serbia by providing up to €7mn funded risk sharing participation with Crédit Agricole Bank a.d. Novi Sad under the Warehouse Financing Framework for Serbia. … Read the full press release →

Posted in Agriculture, Banks, Business, Financial, Investment, Serbia

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MAHLE GmbH increased its holding in Behr Group to 51 percent

Posted on 12, June 2013 by

Stuttgart, 12-6-2013 — /europawire.eu/ — Stuttgart-based MAHLE GmbH increases its holding in the Behr Group from 36.85 percent to approximately 51 percent with the acquisition of all shares in the BWK GmbH holding company (BWK). Furthermore, an integration agreement has been … Read the full press release →

Posted in Automotive, Business, Financial, Germany, Investment, Technology

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UK Export Finance signed cooperation agreement with the Indonesian export credit agency Asuransi Ekspor Indonesia

Posted on 11, June 2013 by

11-6-2013 — /europawire.eu/ — UK Export Finance has signed a cooperation agreement with Asuransi Ekspor Indonesia (ASEI), the Indonesian export credit agency. The agreement sets out how the two agencies will cooperate in the field of export credits, particularly in relation … Read the full press release →

Posted in Business, Financial, Government, International Trade, United Kingdom

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Victims of antitrust violations can claim damages under newly proposed EU legislation

Posted on 11, June 2013 by

Brussels, 11-6-2013 — /europawire.eu/ — Antitrust: Commission proposes legislation to facilitate damage claims by victims of antitrust violations.  The European Commission has adopted a proposal for a Directive on how citizens and companies can claim damages when they are victims of infringements … Read the full press release →

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

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The European Ombudsman helped solve payment dispute between French NGO EDNES and the EC

Posted on 11, June 2013 by

11-6-2013 — /europawire.eu/ — The European Ombudsman, P. Nikiforos Diamandouros, has helped to settle a EUR 93 000 payment dispute between a French NGO “Earth Data Network for Education and Scientific Exchange” (EDNES) and the European Commission. EDNES successfully carried out three EU- funded projects in … Read the full press release →

Posted in Belgium, European Union, Financial, France, Government, Non Profit, Politics

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Banco de Portugal Collector coins ‘José Saramago’ and ‘150th Anniversary of the Red Cross’ into circulation from 21 May 2013

Posted on 10, June 2013 by

Lisbon, 10-6-2013 — /europawire.eu/ — Banco de Portugal will put two cupro-nickel-alloy collector coins into circulation from 21 May 2013 with face value of €2.50, called ‘José Saramago’, from the ‘Europa – Escritores Europeus’ (Europe – European writers) series, and ‘150th … Read the full press release →

Posted in Art & Culture, Banks, Business, Financial, Government, Investment, Portugal

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Barry Callebaut intends to offer $600m Senior Notes due 2023 to finance acquisition of Cocoa Ingredients Division from Petra Foods

Posted on 10, June 2013 by

Zurich/Switzerland, 10-6-2013 — /europawire.eu/ — Barry Callebaut, the world’s leading manufacturer of high-quality cocoa and chocolate products, takes another step towards the closing of the acquisition of the Cocoa Ingredients Division from Petra Foods by announcing that it intends to offer USD … Read the full press release →

Posted in Belgium, Business, Financial, Food & Beverage, Investment, Switzerland

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EIB provides additional EUR 200M to the Turkish State Railways for the Istanbul-Ankara High Speed Rail Line

Posted on 10, June 2013 by

Ankara / Luxembourg, 10-6-2013 — /europawire.eu/ — The European Investment Bank is providing EUR 200 million to the Turkish State Railways, as a further contribution to upgrading the country’s main transport corridor between Ankara and Istanbul. This additional funding brings total EIB … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Infrastructure & Utilities, Investment, Luxembourg, Transportation & Logistics, Turkey

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Mercedes-Benz posts record sales for May 2013 – 121,360 units, +7.3%

Posted on 10, June 2013 by

Stuttgart, 10-6-2013 — /europawire.eu/ — Mercedes-Benz again grew its unit sales in May with vehicle deliveries to customers that are unprecedented for the month of May (121,360 units, +7.3%). The Stuttgart based manufacturer also posted a new sales record for … Read the full press release →

Posted in Automotive, Business, Financial, Germany

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The British Department of Energy and Climate Change funds 3 clean energy entrepreneurs to test cutting edge designs in bioenergy

Posted on 10, June 2013 by

10-6-2013 — /europawire.eu/ — The winning companies – AB systems, AMW IBERS and Natural Synergies – were selected from an initial list of seven to go through from the project design stage to the testing phase of the Department of Energy … Read the full press release →

Posted in Agriculture, Business, Energy, Gas & Oil, Environment, Financial, Investment, Science, United Kingdom

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Yara International ASA announced it purchased 80,000 own shares in the market at an average price of NOK 263.3117

Posted on 10, June 2013 by

Oslo, 10-6-2013 — /europawire.eu/ — Yara International ASA purchased on 31 May 80,000 own shares in the market at an average price of NOK 263.3117. The transaction is part of a buy-back program, authorized by the Annual General meeting held 13 May … Read the full press release →

Posted in Agriculture, Business, Environment, Financial, Government, Investment, Norway

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Rostelecom OJSC announced the coupon for its Series 16 bonds set at 7.5% per annum

Posted on 10, June 2013 by

10-6-2013 — /europawire.eu/ — Rostelecom OJSC (the “Group”) (MICEX – RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, today announces that the coupon for its Series 16 bonds has been set at 7.5% per annum. The bonds, totalling a … Read the full press release →

Posted in Banks, Business, Financial, Investment, Russia, Telecom

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Rostelecom OJSC started to pre-market its RUB 5 billion of series 16 bonds

Posted on 10, June 2013 by

Moscow, Russia, 10-6-2013 — /europawire.eu/ — Rostelecom OJSC (the “Group”) (MICEX – RTS: RTKM, RTKMP; OTCQX: ROSYY), Russia’s national telecommunications operator, announces that it has started to pre-market its RUB 5 billion of series 16 bonds. The Company’s latest bond issue is … Read the full press release →

Posted in Banks, Business, Financial, Investment, Russia, Telecom

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EIB comits €20 million to the Capital North Africa Venture Fund II

Posted on 10, June 2013 by

10-6-2013 — /europawire.eu/ — The EIB has committed €20 million to the Capital North Africa Venture Fund II (CNAV II), a Maghreb-focused generalist fund managed by the independent Casablanca-based private equity firm, Capital Invest. CNAV II has reached a first closing … Read the full press release →

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

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European Court of Auditors: Researchers looking to the EU for funding still face too much red tape

Posted on 7, June 2013 by

Luxembourg, 7-6-2013 — /europawire.eu/ —  The European Commission has taken a number of steps to bolster its management of the Seventh Framework Programme for Research (FP7), according to a new report from the European Court of Auditors (ECA). However, researchers seeking … Read the full press release →

Posted in Business, European Union, Financial, Government, Investment, Law, Luxembourg, Science

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Petrol d.d., Ljubljana now 100-percent owner of Nafta Geoterm d.o.o. from Lendava

Posted on 7, June 2013 by

Ljubljana, Lendava, 7-6-2013 — /europawire.eu/ — Today, Petrol d.d., Ljubljana became the 100-percent owner of Nafta Geoterm d.o.o. from Lendava. Over the next two years and a half, about EUR 4.5m is projected to be invested in the development of Nafta Geoterm’s … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Investment, Slovenia

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