Category Archives: Financial

Financial Press Releases & News distributed via EuropaWire

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

Posted on 19, November 2012 by
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 →

Posted in Business, European Union, Financial, Germany, Government, Investment

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

Posted on 19, November 2012 by

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 →

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

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

Posted on 16, November 2012 by

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 →

Posted in Business, Energy, Gas & Oil, Environment, Financial, Government, Law, United Kingdom

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

Posted on 16, November 2012 by
€ 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 →

Posted in Agriculture, Belgium, Business, European Union, Financial, Investment

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EIB issues new SEK Climate Awareness Bond

Posted on 16, November 2012 by

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 →

Posted in Business, Environment, European Union, Financial, Government, Investment, Sweden

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

Posted on 16, November 2012 by

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 →

Posted in Automotive, Belgium, Business, European Union, Financial, France, Government

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From the eye of the storm to new growth and jobs

Posted on 16, November 2012 by

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 →

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

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

Posted on 16, November 2012 by
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 →

Posted in Austria, Business, Financial, Metals and Minerals

Greece has done its part, say Greek ministers

Posted on 16, November 2012 by

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 →

Posted in Economy, European Union, Financial, Government, Greece, Politics, Society

Tax online gambling to fight mafia business

Posted on 16, November 2012 by

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 →

Posted in Business, Entertainment, European Union, Financial, Government, Internet & Online, Law, Society

Statement by President Barroso following the Friends of Cohesion meeting

Posted on 16, November 2012 by

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 →

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

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

Posted on 16, November 2012 by

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 →

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

Statement on Financial Transaction Tax and Savings at ECOFIN Council

Posted on 16, November 2012 by

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 →

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

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Council conclusions on climate finance – fast start finance

Posted on 16, November 2012 by

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 →

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

Commission Communication on tax fraud and tax evasion – Council conclusions

Posted on 16, November 2012 by

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 →

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