Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

Egypt: EIB lends EUR 200m for the Cairo metro line and EUR 45m for community development

Egypt: EIB lends EUR 200m for the Cairo metro line and EUR 45m for community development Mr Werner Hoyer, President of the EIB and the High Representative of the European Union for Foreign Affairs and Security Policy, Baroness Catherine Ashton Cairo 11/14/2012

19-11-2012 — /europawire.eu/ — The European Investment Bank (EIB) has signed a first EUR 200m tranche of the EUR 600m loan approved by the Bank for the extension of the Cairo Metro and a EUR 45m loan for a Community Development Programme. … Read the full press release

State aid and public procurement: For or against European firms?

Against the background of the current economic crisis, the European Union should make the best use of taxpayers’ money. At its November plenary session, the EESC called for better access to public procurement and more flexible state aid rules. 19-11-2012 … Read the full press release

BP Announces Resolution of All Criminal and Securities Claims by U.S. Government Against Company Relating to Deepwater Horizon Accident

Resolution of all criminal claims with Department of Justice includes $4 billion paid in installments over a period of five years Resolution of all securities claims with Securities and Exchange Commission includes $525 million paid in installments over a period … Read the full press release

€ 27,15 million EU support for the promotion of agricultural products in the European Union and in third countries

€ 27,15 million EU support for the promotion of agricultural products in the European Union and in third countries

Brussels, 16-11-2012 — /europawire.eu/ — The European Commission has approved a latest tranche of 14 programmes to promote agricultural products in the European Union and in third countries. The total budget of the programmes, running for a period of three years, is € … Read the full press release

EIB issues new SEK Climate Awareness Bond

16-11-2012 — /europawire.eu/ — The European Investment Bank (EIB), the long-term lending arm of the European Union, announced the completion of a new SEK (Swedish Krona) 750m Climate Awareness Bond (CAB) due November 2023. The transaction is the second new CAB line … Read the full press release

Mergers: Commission clears acquisition of French trading company CFAO by Toyota Tsusho

Brussels, 16-11-2012 — /europawire.eu/ — The European Commission has cleared under the Merger Regulation the proposed acquisition of the French trading company CFAO by Toyota Tsusho Corporation of Japan. The Commission concluded that the proposed acquisition would not raise competition concerns because it … Read the full press release

From the eye of the storm to new growth and jobs

Olli REHN — Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro CEPI – CEOs Forum Meeting Brussels, 16-11-2012 — /europawire.eu/ — Ladies and Gentlemen, The world economy, especially Europe, is currently “In … Read the full press release

voestalpine Group: Great stability despite challenging environment: earnings expectations for year as a whole lowered roughly 10% due to economic uncertainties

Great stability despite challenging environment: earnings expectations for year as a whole lowered roughly 10% due to economic uncertainties

Revenue virtually unchanged at EUR 5.9 billion (EUR 6.0 billion in BY 2011/12) In comparison to first half of previous year, operating result (EBITDA) declined from EUR 824 million to EUR 730 million (−11.5%) Slight drop of EBITDA margin from … Read the full press release

Greece has done its part, say Greek ministers

16-11-2012 — /europawire.eu/ — There were many distortions in the Greek finance and labour markets that had to be tackled, but Greece has taken all the necessary measures. Now it is up to the EU to come forward with the next aid … Read the full press release

Tax online gambling to fight mafia business

16-11-2012 — /europawire.eu/ — Removing the financial control of mafia organisations over banks should be a priority in the EU’s fight against organised crime. Monitoring high-risk clients’ activities and sharing information on an EU database are among the proposals debated at a … Read the full press release

Statement by President Barroso following the Friends of Cohesion meeting

José Manuel Durão Barroso — President of the European Commission  Joint press conference/Brussels, 16-11-2012 — /europawire.eu/ — Good afternoon ladies and gentlemen, Let me first thank Prime Minister Tusk of Poland and Prime Minister Passos Coelho of Portugal for their initiative and their … Read the full press release

President Schulz: no conciliation due to disagreement in Council on 2012 bills

16-11-2012 — /europawire.eu/ — EP negotiators will not attend the meeting with Council on the budget 2013 scheduled for tonight, because there is no agreement among the member states about a supplementary budget for the current year. These funds are needed for … Read the full press release

Statement on Financial Transaction Tax and Savings at ECOFIN Council

Algirdas Šemeta — Commissioner responsible for Taxation and Customs Union, Audit and Anti-fraud ECOFIN COUNCIL Brussels, 16-11-2012 — /europawire.eu/ — I would like first to thank the Presidency for addressing the FTT at today’s meeting. It is important to move forward quickly on this file, … Read the full press release

Council conclusions on climate finance – fast start finance

3198th ECO OMIC and FI A CIAL AFFAIRS Council meeting Brussels, 13 ovember 2012 16-11-2012 — /europawire.eu/ — The Council adopted the following conclusions: “The Council: 1. REAFFIRMS the collective commitment by developed countries in the Copenhagen Accord and under the Cancun Agreements to provide … Read the full press release

Commission Communication on tax fraud and tax evasion – Council conclusions

3198th ECO OMIC and FI A CIAL AFFAIRS Council meeting Brussels, 13 ovember 2012 The Council adopted the following conclusions: “1. The Council underlines the importance of intensifying action against tax fraud and evasion as requested by the European Council in June 2012, … Read the full press release

Council conclusions on EU statistics

3198th ECO OMIC and FI A CIAL AFFAIRS Council meeting Brussels, 13 ovember 2012 16-11-2012 — /europawire.eu/ — The Council adopted the following conclusions: “Following the priorities set in the ECOFIN Council Conclusions of 10 November 2009, 10 November 2010, and 20 June 2011 and … Read the full press release

Greenpark Solution chooses Atos Worldline for its contactless payment system KiWhi Pass

Greenpark based its contactless prepaid payment solution for recharging stations serving electronic and hybrid vehicles on Cashless technology offered by Atos Worldline Paris, 16-11-2012 — /europawire.eu/ — Atos Worldline, Atos core expertise in High-Tech Transactional Services, has been chosen by Greenpark, an expert … Read the full press release

EIB, first international financial institution to launch a report on Mobile financial services in the Mediterranean partner countries

15-11-2012 — /europawire.eu/ — A first-time debate on the role of mobile financial services to address financial exclusion in the Southern and Eastern Mediterranean was launched today by the European Investment Bank (EIB). A workshop, organised under the patronage of the EIB … Read the full press release

Vice-President Rehn’s remarks at the Eurogroup Press Conference

Olli REHN — Vice-President of the European Commission and member of the Commission responsible for Economic and Monetary Affairs and the Euro Eurogroup Press Conference/Brussels, 14-11-2012 — /europawire.eu/ — Thank you Jean-Claude. Ladies and gentlemen, Jean-Claude Juncker rightly drew your attention to the … Read the full press release

Spanish finance minister quizzed by EP economics committee

14-11-2012 — /europawire.eu/ — Spain is meeting and exceeding its economic reform targets, Spain’s finance minister, Luis De Guindos, told MEPs on Monday during a two-hour hearing in the economic and monetary affairs committee. MEPs pressed the minister on the danger of … Read the full press release