Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

LUKOIL published consolidated US GAAP financial statements for 2012

Posted on 21, March 2013 by

LUKOIL NET INCOME REACHED RECORD $11.0 BILLION IN 2012, FREE CASH FLOW AMOUNTED TO $6.4 BILLION 21-3-2013 — /europawire.eu/ — LUKOIL has published consolidated US GAAP financial statements for 2012. The Company’s 2012 net income rose by 6.2% and reached record $11,004 million. EBITDA (earnings … Read the full press release →

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

Philippe Maystadt appointed Special Adviser to enhance EU’s role in promoting high quality accounting standards

Posted on 21, March 2013 by

Commissioner Barnier appoints Philippe Maystadt as Special Adviser to enhance EU’s role in promoting high quality accounting standards Brussels, 21-3-2013 — /europawire.eu/ — EU Commissioner for Internal Market and Services Michel Barnier has today appointed Philippe Maystadt, former President of the European … Read the full press release →

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

The European Investment Bank is lending EUR 100m to the Student Loan Centre in Hungary

Posted on 21, March 2013 by

21-3-2013 — /europawire.eu/ — The European Investment Bank (EIB) is lending EUR 100 million to the Student Loan Centre (Diákhitel Központ) in Hungary to be on-lent to students pursuing undergraduate and graduate degrees at Hungarian higher education institutions. Mr Wilhelm Molterer, … Read the full press release →

Posted in Banks, Business, Education, European Union, Financial, Government, Hungary, Investment, Luxembourg

ArcelorMittal completes the first instalment of its sale of a 15% interest in ArcelorMittal Mines Canada

Posted on 21, March 2013 by

ArcelorMittal completes the first instalment of its sale of a 15% interest in ArcelorMittal Mines Canada for $1.1bln to a Consortium led by POSCO and China Steel Corporation Luxembourg, 21-3-2013 — /europawire.eu/ — ArcelorMittal announces today the completion of the first … Read the full press release →

Posted in Business, Financial, Industrial, Investment, Luxembourg, Metals and Minerals

Economic and Monetary Affairs Committee: Banking needs a culture change

Posted on 21, March 2013 by

21-3-2013 — /europawire.eu/ — Banking needs a culture change, which piecemeal legislation will not achieve on its own, says a draft report presented in the Economic and Monetary Affairs Committee on Wednesday. It advocates further, more radical reforms, including separating retail … Read the full press release →

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

LUKOIL & VETEK Group sign a deal for PAO LUKOIL – Odessa Refinery

Posted on 21, March 2013 by

21-3-2013 — /europawire.eu/ — The OAO LUKOIL Press Service announces that the company and VETEK Group have signed an agreement on the purchase and sale of the public joint-stock company PAO LUKOIL – Odessa Refinery. As a result of the transaction, … Read the full press release →

Posted in Business, Energy, Gas & Oil, Financial, Industrial, Russia

EIB & RTE sign a €500m finance agreement to upgrade France’s power grid

Posted on 21, March 2013 by

Luxembourg, La Défense, 21-3-2013 — /europawire.eu/ — The European Investment Bank has agreed to participate in the financing of seven high voltage and very high voltage power grid upgrading projects in France over the period 2012-2016. This participation takes the form of a … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, European Union, Financial, France, Government, Infrastructure & Utilities, Investment, Luxembourg, Technology

Grupo ACS net debt has been reduced by 4,382 euro million, a 47%, down to 1.8 times EBITDA

Posted on 20, March 2013 by

Madrid, 20-3-2013 — /europawire.eu/ — Sales accounted for 38,396 euro million, a 34.9% more than in the same period of last year. Recurrent net profit accounted for 705 euro million and, after the adjustment from the partial sale and the impairment of … Read the full press release →

Posted in Business, Construction, Financial, Infrastructure & Utilities, Spain

ArcelorMittal holds 2013 Investor Day

Posted on 20, March 2013 by

ArcelorMittal is today holding its 2013 Investor Day, during which the Company will (among other things): Re-iterate its 2013 guidance  Announce a new management gains improvement target of US$3 billion by the end of 2015 Set out a roadmap to … Read the full press release →

Posted in Business, Financial, Industrial, Investment, Luxembourg, Metals and Minerals

The European Investment Bank will finance the upgrade of the France’s power grid with EUR 500m

Posted on 20, March 2013 by

20-3-2013 — /europawire.eu/ — The European Investment Bank has agreed to participate in the financing of seven high voltage and very high voltage power grid upgrading projects in France over the period 2012-2016. This participation takes the form of a loan … Read the full press release →

Posted in Banks, Business, Energy, Gas & Oil, European Union, Financial, France, Government, Industrial, Investment

The President of the Committee of the Regions Valcárcel shares European Parliament commitment to improve EU budget

Posted on 20, March 2013 by

20-3-2013 — /europawire.eu/ — The President of the Committee of the Regions, Ramón Luis Valcárcel Siso, welcomes the resolution on the Multi-Annual Financial Framework (MFF) 2014-2020 adopted today by the European Parliament: “This vote is a first important step in the … Read the full press release →

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

European Parliament President Martin Schulz: deal on banking union a step forward, insufficient for Cyprus

Posted on 20, March 2013 by

Rome, 20-3-2013 — /europawire.eu/ — European Parliament President Martin Schulz made the following statement after the European Parliament and the Council reached an agreement on legislation creating the foundations of the banking union. “Today’s agreement is a step towards building … Read the full press release →

Posted in Banks, Business, Cyprus, European Union, Financial, Government, Italy, Politics

The Copenhagen-based European Environment Agency fails budget discharge test

Posted on 20, March 2013 by

20-3-2013 — /europawire.eu/ — The Copenhagen-based European Environment Agency was the only EU agency whose management of EU funds in 2011 was not approved by the Budgetary Control Committee on Tuesday. In other votes, the European Commission and other EU institutions … Read the full press release →

Posted in Business, Denmark, Environment, European Union, Financial, Government, Investment, Society

Valcárcel: Full involvement of regional and local authorities key to implementing EU’s growth agenda

Posted on 19, March 2013 by

19-3-2013 — /europawire.eu/ — The president of the Committee of the Regions, Ramón Luis Valcárcel Siso, considers the Spring Council outcome as a “step towards urgent and necessary change in the EU strategy to balance fiscal consolidation and growth measures.” A … Read the full press release →

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

EESC debates: Energy dialogue, youth unemployment and the EU’s outermost regions

Posted on 19, March 2013 by

19-3-2013 — /europawire.eu/ — At its upcoming plenary session on 20-21 March, the European Economic and Social Committee will host a debate with Günther Oettinger, EU Commissioner for Energy, on the occasion of the adoption of an opinion on public involvement … Read the full press release →

Posted in Belgium, Business, Economy, Energy, Gas & Oil, European Union, Financial, Government, Politics, Society

Scientists in Nottingham are leading an international study to investigate the effectiveness of a new treatment on a devastating type of stroke

Posted on 19, March 2013 by

Nottingham leads £2.6m international clinical trial into new stroke treatment 19-3-2013 — /europawire.eu/ — The team at The University of Nottingham has been awarded £2.6 million by the National Institute for Health Research Health Technology Assessment (NIHR HTA) Programme to lead the clinical … Read the full press release →

Posted in Education, Financial, Healthcare, Science, United Kingdom

EU Auditors: Member States and Commission cannot assess if older workers programmes actually help

Posted on 19, March 2013 by

19-3-2013 — /europawire.eu/ — Increasing the employment rate of older workers is part of the EU’s strategic goals. But a new report by the European Court of Auditors has found that neither the Member States nor the Commission are in a … Read the full press release →

Posted in Business, Economy, European Union, Financial, Government, Law, Luxembourg, Politics, Society

The Irish Presidency: Single Supervisor is first big step towards banking union

Posted on 19, March 2013 by

19-3-2013 — /europawire.eu/ — The Irish Presidency has today (Tuesday 19th March) reached provisional agreement with the European Parliament on the single EU bank supervisor. The creation of this supervisor is a major step towards banking union, restoring confidence in the European … Read the full press release →

Posted in Banks, Business, Economy, European Union, Financial, Government, Ireland, Law, Politics, Society

Mr Kalin Hristov becomes EIB Governor for the Republic of Bulgaria

Posted on 19, March 2013 by

19-3-2013 — /europawire.eu/ — Following the appointment of a caretaker government in the Republic of Bulgaria, Mr Kalin Hristov took office as Minister of Finance on 13 March 2013. Mr Hristov also becomes EIB Governor for the Republic of Bulgaria. Before … Read the full press release →

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

€20m financing from EBRD to restore steel production in Croatia

Posted on 19, March 2013 by

19-3-2013 — /europawire.eu/ — The EBRD is supporting the efforts to restart production at the steel factory in Sisak in central Croatia. The location has a long history of steel operations and has been a major employer. The Sisak Ironworks have … Read the full press release →

Posted in Banks, Business, Croatia, European Union, Financial, Government, Investment, Metals and Minerals, United Kingdom