Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

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

November infringements package: main decisions

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — November infringements package: main decisions In its monthly package of infringement decisions, the European Commission is pursuing legal action against Member States for failing to comply properly with their obligations under EU law. These decisions covering many sectors … Read the full press release →

Posted in Energy, Gas & Oil, Environment, European Union, Financial, Government, Healthcare, Society, Transportation & Logistics

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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

State aid: Commission endorses €1.56 billion compensation for Poste Italiane for public services delivered over 2009-2011

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — The European Commission has approved, under EU State aid rules, two compensations received by Poste Italiane for delivering two public services in the period 2009-2011, namely a compensation of €1.1 billion for the universal postal service and a … Read the full press release →

Posted in Belgium, European Union, Financial, Government, Italy, Law

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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

Agricultural measures for outermost regions and Aegean islands

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — Yesterday, under the Cyprus Presidency, the Special Committee on Agriculture (SCA) supported compromise texts agreed by the Council and the European Parliament representatives during the last trilogue concerning the regulations laying down specific measures for agriculture in the outermost … Read the full press release →

Posted in Agriculture, Belgium, 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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State aid: Commission clears UK umbrella support scheme for broadband investment ‘BDUK’

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — The European Commission has found that a UK umbrella support scheme for investments in next generation access (NGA) broadband networks, ‘BDUK’, is in line with EU state aid rules. In particular, the scheme is aimed at supporting local … Read the full press release →

Posted in Belgium, European Union, Financial, Government, Internet & Online, Law, Telecom, United Kingdom

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The SLOVNAFT Group earned profits in the first three quarters of the year, results were improved thanks to exports

Posted on 22, November 2012 by

22-11-2012 — /europawire.eu/ — SLOVNAFT Group has earned a net operating profit of EUR 50 million excluding the reevaluation of reserves, in the first three quarters of this year. During the same period last year, the company’s loss reached EUR 7 million. … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Slovakia

Statement by the EC, ECB, and IMF on the Sixth Review Mission to Portugal

Posted on 22, November 2012 by

Brussels, 22-11-2012 — /europawire.eu/ — Staff teams from the European Commission (EC), European Central Bank (ECB), and International Monetary Fund (IMF) visited Lisbon during November 12 – 19 for the sixth quarterly review of Portugal’s economic programme. The programme is broadly on track, … Read the full press release →

Posted in Banks, Belgium, European Union, Financial, Government, Portugal

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State aid: Commission approves amendments to the restructuring plan of ING

Posted on 21, November 2012 by

Brussels, 21-11-2012 — /europawire.eu/ — Following an agreement between the European Commission and The Netherlands, the Commission has approved an amended restructuring plan of the Dutch-based financial institution ING under EU state aid rules. ING agreed to a fixed repayment schedule and revamped … Read the full press release →

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

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EIB celebrating the 4th Microfinance Award

Posted on 20, November 2012 by
4th European Microfinance Award Programme Presentation of three finalists of the 4th European Microfinance ASKI, from The Philippines; Banco FIE, from Bolivia and Kompanion from the Kyrgyz Republic. here with Her Royal Highness The Grand Duchess of Luxembourg and Prof. Muhammad Yunus, Chairman of Yunus Centre, Dhaka, Bangladesh Luxembourg 11/15/2012

20-11-2012 — /europawire.eu/ — During European Microfinance Week, held 14-16 November 2012 in Luxembourg, the 4th European Microfinance Award was presented to the Philippine organization Alay Sa Kaunlaran Inc. (ASKI) for their efforts to support the local Philippine agricultural sector. The European … Read the full press release →

Posted in Agriculture, Awards, Banks, Business, European Union, Financial, Government, Investment, Luxembourg, Small Business, Society

Health spending in Europe in 2010 fell for the first time in decades, says a joint Commission/OECD Report

Posted on 20, November 2012 by

Brussels, 20-11-2012 — /europawire.eu/ — Health spending per person and as a percentage of GDP fell across the European Union in 2010. This is one of the many findings in the “Health at a Glance: Europe 2012”, a new joint report by the … Read the full press release →

Posted in Belgium, European Union, Financial, Government, Healthcare, Investment, Society

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Budget deadlock halts €25 million EU aid to jobless workers in seven countries

Posted on 20, November 2012 by

20-11-2012 — /europawire.eu/ — Almost €25 million in EU aid to help over 5,000 redundant workers in seven EU countries was halted on Thursday because there is no money left in the EU budget to fund it. The Budgets Committee had to … Read the full press release →

Posted in Austria, Denmark, European Union, Financial, Finland, Government, Investment, Italy, Politics, Romania, Society, Spain, Sweden

The euro as a trusted means of payment

Posted on 20, November 2012 by

Speech by Benoît Cœuré, Member of the Executive Board of the ECB, at the joint ECB-MNB conference on “Cost and efficiency of retail payments: Evidence, policy actions and role of central banks”, Budapest, 20-11-2012 — /europawire.eu/ — Ladies and gentlemen [1], It is a great … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Hungary, Retail

The monetary policy of the European Central Bank and its transmission in the euro area

Posted on 20, November 2012 by

Speech by Mario Draghi, President of the ECB,  Università Bocconi, Opening of the academic year 2012-2013 Milan, 20-11-2012 — /europawire.eu/ — Financial markets and the disruption caused to the transmission of monetary policy The year that is about to end will be remembered … Read the full press release →

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

Flash estimate for the third quarter of 2012 GDP down by 0.1% in the euro area and up by 0.1% in the EU27 -0.6% and -0.4% respectively compared with the third quarter of 2011

Posted on 19, November 2012 by

19-11-2012 — /europawire.eu/ — GDP fell by 0.1% in the euro area1 (EA17) and increased by 0.1% in the EU271 during the third quarter of 2012, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the … Read the full press release →

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

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