Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

An extra EURO 11.2 billion is required for EU Budget 2013 to cover unpaid claims from 2012

Posted on 29, March 2013 by

Brussels, 29-3-2013 — /europawire.eu/ — An extra EURO 11.2 billion is required for the EU budget to reimburse beneficiaries of EU funded programmes completed across Europe in 2012 as well as to honour the Cohesion Policy claims that will fall due in … Read the full press release →

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

The European Commission tables proposal for “Financial Discipline” for CAP Direct Payments in 2014 financial year

Posted on 29, March 2013 by

Brussels, 29-3-2013 — /europawire.eu/ — With the forecast for expenditure on CAP Direct Payments & Market measures for 2014 higher than the provisional ceiling for 2014 agreed by EU heads of government1, the European Commission has tabled a proposal for “Financial Discipline” … Read the full press release →

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

The European Commission comments on the capital controls imposed by the Republic of Cyprus

Posted on 29, March 2013 by

Brussels, 29-3-2013 — /europawire.eu/ — Statement by the European Commission on the capital controls imposed by the Republic of Cyprus The Commission takes note of temporary restrictions on the free movement of capital, including capital controls, imposed by the Republic of Cyprus … Read the full press release →

Posted in Banks, Belgium, Business, Cyprus, Economy, European Union, Financial, Law, Politics, Society

SSAB’s Annual General Meeting Notice to attend (April 12, 2013)

Posted on 29, March 2013 by

29-3-2013 — /europawire.eu/ — In accordance with NASDAQ OMX Stockholm AB’s Rule Book for Issuers, SSAB AB hereby announces, through a press release, the content of the notice to attend SSAB’s Annual General Meeting on April 12, 2013. The Notice to … Read the full press release →

Posted in Business, Financial, Industrial, Management, Metals and Minerals, Sweden

SLOVNAFT Group reports profit for 2012

Posted on 28, March 2013 by

28-3-2013 — /europawire.eu/ — SLOVNAFT Group in 2012 ended with a net profit of EUR 53 million compared to previous period when a loss amounted to EUR 19 million. The result was positively influenced mainly by the revenues coming from export … Read the full press release →

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

The European Commission clears the acquisition of Petrochem Carless Holdings by Haltermann

Posted on 28, March 2013 by

Brussels, 28-3-2013 — /europawire.eu/ — The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Petrochem Carless Holdings Limited of the UK by Haltermann Holding GmbH of Germany, a wholly owned subsidiary of HIG Europe Capital Partners. The parties are active … Read the full press release →

Posted in Belgium, Business, Chemicals, European Union, Financial, Germany, Government, Law, United Kingdom

Alain Lamassoure: EU may face insolvency later in 2013

Posted on 28, March 2013 by

28-3-2013 — /europawire.eu/ — The Commission proposal to settle only part of the EU’s €16.2 billion debt rolled over from 2012 threatens the EU with insolvency later in 2013, said Budgets Committee chair Alain Lamassoure (EPP, FR) on Wednesday. The Commission, … Read the full press release →

Posted in Belgium, Business, Economy, European Union, Financial, France, Government, Politics, Society

EBRD loans €1m to Codra Hospital, Montenegro

Posted on 28, March 2013 by

28-3-2013 — /europawire.eu/ — The EBRD is providing a €1.0 million loan to Codra Hospital, a leading private healthcare institution in Montenegro. Established in 2001, the hospital has grown to become the largest private hospital in Montenegro, delivering many services that … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Healthcare, Investment, Montenegro, United Kingdom

EU invests €272.75m in the Western Balkans to help regional cooperation

Posted on 28, March 2013 by

Brussels, 28-3-2013 — /europawire.eu/ — The European Commission has finalised a series of measures to promote regional cooperation between Western Balkan countries totalling €272.75 million for the period 2012-2013. “These funds are good news as regional cooperation is a central element of … Read the full press release →

Posted in Albania, Belgium, Bosnia and Herzegovina, Croatia, European Union, Financial, Government, Investment, Montenegro, North Macedonia, Politics, Serbia, Society

Former Hungarian central banker appointed EBRD vice president

Posted on 28, March 2013 by

28-3-2013 — /europawire.eu/ — The European Bank for Reconstruction and Development has named András Simor as Vice President, Policy.  Reporting directly to the President, Mr Simor will also be a member of the Bank’s Executive Committee. He will take up his … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Management

EBRD lends 150m Egyptian pounds to Universal Metallurgical Company S.A.E. to increase the company’s production of washing machines

Posted on 27, March 2013 by

27-3-2013 — /europawire.eu/ — The EBRD is launching its first project with an Egyptian owned company and is now actively providing support to the four reforming economies in the Middle East and North Africa. The EBRD is lending 150 million Egyptian … Read the full press release →

Posted in Banks, Business, Electronics & Machinery, European Union, Financial, Government, Industrial, Investment, United Kingdom

Kees van Dijkhuizen appointed ABN AMRO’s new CFO

Posted on 27, March 2013 by

Amsterdam, 27-3-2013 — /europawire.eu/ — On 1 June 2013, Kees van Dijkhuizen will join ABN AMRO as its new CFO, becoming a member of the ABN AMRO Managing Board on 1 May. Mr Van Dijkhuizen has been Chief Financial Officer at NIBC … Read the full press release →

Posted in Banks, Business, Financial, Management, Netherlands

Mr Edward Scicluna becomes EIB Governor for the Republic of Malta

Posted on 27, March 2013 by

27-3-2013 — /europawire.eu/ — Following the general election in Malta on 9 March 2013, Mr Edward Scicluna has taken office as Minister for Finance. Mr Scicluna also becomes EIB Governor for the Republic of Malta. He was also elected in 2009 … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Malta, Management

La Banca europea per gli investimenti (BEI): 350 milioni a STMicroelectronics per i progetti di R&S, Italia

Posted on 27, March 2013 by

27-3-2013 — /europawire.eu/ — La Banca europea per gli investimenti (BEI) ha perfezionato un prestito multicurrency di 350 milioni di euro a favore di STMicroelectronics (ST) per i programmi pluriennali di ricerca e sviluppo (R&S) del gruppo leader in Europa nel … Read the full press release →

Posted in Banks, Business, Electronics & Machinery, European Union, Financial, Government, Investment, Italy

The cost of rolling out high-speed Internet can be cut by 30% according to new rules proposed by the The European Commission

Posted on 27, March 2013 by

Less digging = cheaper broadband. Commission proposes rules to cut broadband installation costs Brussels, 27-3-2013 — /europawire.eu/ — The European Commission today proposed new rules to cut by 30% the cost of rolling out high-speed Internet. Civil engineering, such as the digging up of … Read the full press release →

Posted in Business, European Union, Financial, Government, Internet & Online, Politics, Technology, Telecom

EIB makes remote aviation investment in the Cook Islands and Samoa

Posted on 27, March 2013 by

27-3-2013 — /europawire.eu/ — The European Investment Bank has agreed to help examine safety improvements, upgrading of terminal facilities and more efficient power use at airports in the Cook Islands and Samoa. The USD 1.1m technical assistance programme (EUR 850,000) will … Read the full press release →

Posted in Aviation & Aerospace, Banks, Business, European Union, Financial, Government, Investment, Security & Safety

NDEP, SIDA and the Government of Finland extended grants totalling over EUR 20m to five Belarusian water utilities

Posted on 26, March 2013 by

26-3-2013 — /europawire.eu/ — The Northern Dimension Environmental Partnership (NDEP) together with the Government of Sweden through the Swedish International Development Cooperation Agency (SIDA) and the Government of Finland today extended grants totalling over EUR 20 million to five Belarusian water … Read the full press release →

Posted in Banks, European Union, Financial, Finland, Government, Infrastructure & Utilities, Investment, Society, Sweden

The employment and social situation in the EU remained critical in the fourth quarter of 2012

Posted on 26, March 2013 by

Brussels, 26-3-2013 — /europawire.eu/ — The employment and social situation in the EU remained critical in the fourth quarter of 2012 with employment receding overall and unemployment rising further, while households’ financial situation remained serious according to the European Commission’s latest Employment … Read the full press release →

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

The University of Nottingham invests £1m in its Careers and Employability Service to help its students land their dream job upon graduation

Posted on 26, March 2013 by

26-3-2013 — /europawire.eu/ — The money will fund 22 additional staff, who will work within teaching faculties across the University to provide specialist career guidance and improve links with graduate recruiters. Already the second most targeted University by UK graduate employers, … Read the full press release →

Posted in Business, Education, Financial, Investment, United Kingdom

Commission investigation finds indications that ISDA may have delayed or prevented exchanges from entering the credit derivatives business

Posted on 26, March 2013 by

Antitrust: Commission extends CDS information market investigation to International Swaps and Derivatives Association (ISDA) Brussels, 26-3-2013 — /europawire.eu/ — Antitrust: Commission extends CDS information market investigation to International Swaps and Derivatives Association (ISDA) The European Commission has extended the scope of an … Read the full press release →

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