Category Archives: Luxembourg

Press Releases & News from Luxembourg distributed via EuropaWire

Strong and granular demand for EIB’s new EUR 5bn 5-year EARN

Posted on 19, January 2013 by

Transaction driven by strong demand from Central Banks and a granular European orderbook High quality, very granular – over 170 orders – and swift execution First EARN benchmark through mid-swaps since 2008 19-1-2013 — /europawire.eu/ — The European Investment Bank today … Read the full press release →

Posted in Banks, European Union, Financial, Investment, Luxembourg

ArcelorMittal announces proposed Combined Offering of common stock and mandatorily convertible subordinated notes (“MCNs”) for an expected amount of USD 3.5 billion

Posted on 18, January 2013 by

Luxembourg, 18-1-2013 — /europawire.eu/ — ArcelorMittal (the “Company”) announces today its intention to offer common stock (“the Shares”) and mandatorily convertible subordinated notes (the “MCNs”) for an expected amount of approximately USD 3.5 billion (“the Combined Offering”). The Company retains the … Read the full press release →

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

The decisions of the European Parliament to waive and not to defend Mr. Gollnisch’s immunity are valid

Posted on 17, January 2013 by

Luxembourg, 17-1-2013 — /europawire.eu/ —  Members of the European Parliament are protected under the Protocol on the privileges and immunities of the EU. In particular, by virtue of the immunity accorded to them, MEPs shall not be subject to any form … Read the full press release →

Posted in European Union, France, Government, Law, Luxembourg, Politics, Society

ArcelorMittal agrees to sell a 15% interest in ArcelorMittal Mines Canada for $1.1bln to a Consortium led by POSCO and China Steel Corporation

Posted on 17, January 2013 by

Luxembourg, 17-1-2013 — /europawire.eu/ — ArcelorMittal announces today that it has entered into an agreement pursuant to which ArcelorMittal’s wholly owned subsidiary ArcelorMittal Mines Canada (AMMC) and a consortium led by POSCO and China Steel Corporation (CSC) will enter into a … Read the full press release →

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

According to Advocate General Kokott, the General Court was right to reject the action which the Inuit had brought against the ban on trade in seal products in the EU as being inadmissible

Posted on 17, January 2013 by

The General Court was right in finding that the easing in the Lisbon Treaty of the conditions for individuals to bring actions before the European courts against EU acts of general application does not apply to legislative acts Luxembourg, 17-1-2013 — … Read the full press release →

Posted in European Union, Government, International Trade, Law, Luxembourg, Society

By applying reduced rates of VAT beyond what is authorised under the VAT Directive, Spain has failed to fulfil its obligations under EU law

Posted on 17, January 2013 by

Spain applies a reduced rate to a broader range of goods than provided for under the VAT Directive in the field of pharmaceutical products and medical equipment Luxembourg, 17-1-2013 — /europawire.eu/ — The VAT Directive¹ (Annex III) lists the categories of supplies … Read the full press release →

Posted in Business, European Union, Financial, Government, Law, Luxembourg, Spain

BCL RÉSERVES OBLIGATOIRES – ÉVOLUTION MENSUELLE

Posted on 16, January 2013 by

16-1-2013 — /europawire.eu/ — La Banque centrale du Luxembourg (BCL) fait savoir que le montant de l’exigence de réserve, pour la période de maintenance du 16 janvier au 12 février 2013, s’élève à 3 841 millions d’euros. Les réserves à déposer … Read the full press release →

Posted in Banks, Business, Economy, Financial, Government, Luxembourg

Benoît Cœuré: Ensuring the smooth functioning of money markets

Posted on 16, January 2013 by

Speech by Benoît Cœuré, Member of the Executive Board of the ECB, 17th Global Securities Financing Summit Luxembourg, 16-1-2013 — /europawire.eu/ — Ladies and Gentlemen, [1] It is a pleasure to speak to you today at this annual Global Securities Financing Summit organised by … Read the full press release →

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

EU Energy Efficiency: investment targets not achieved; average pay back period exceeds 50 years (in extreme cases 150 years)

Posted on 15, January 2013 by

Luxembourg, 15-1-2013 — /europawire.eu/ — The cost of increased energy consumption, the depletion of fossil fuel reserves and the effect of human activities on global climate change are drivers of recent energy efficiency policies. Since 2000, the European Union, through its Cohesion … Read the full press release →

Posted in Business, Energy, Gas & Oil, European Union, Financial, Government, Investment, Luxembourg, Politics, Society

Biannual information on euro banknote counterfeiting

Posted on 11, January 2013 by

11-1-2013 — /europawire.eu/ — In the second half of 2012 a total of 280,000 counterfeit euro banknotes were withdrawn from circulation. This means that the overall quantity of counterfeits withdrawn from circulation in 2012 was 12.4% lower compared with the figures … Read the full press release →

Posted in Banks, European Union, Financial, Government, Law, Luxembourg

EIB supports regional and municipal infrastructure sector in Poland with EUR 150m loan to PKO BP

Posted on 10, January 2013 by

10-1-2013 — /europawire.eu/ — The European Investment Bank (EIB) is providing a EUR 150m global loan to PKO BP for financing small and medium-scale projects primarily in the public sector. The supported projects will be mostly in the field of environmental … Read the full press release →

Posted in Banks, Business, Environment, European Union, Financial, Government, Infrastructure & Utilities, Luxembourg, Poland, Small Business

Jonathan Taylor appointed as new EIB Vice-President

Posted on 9, January 2013 by

9-1-2013 — /europawire.eu/ — Jonathan Taylor (57) has been appointed Vice-President and member of the Management Committee of the European Investment Bank (EIB) by the Bank’s Board of Governors, consisting of the 27 European Union Finance Ministers. Jonathan’s appointment took effect … Read the full press release →

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

EIB capital increase approved by all 27 EU member states

Posted on 8, January 2013 by

8-1-2013 — /europawire.eu/ — The European Investment Bank confirms that its shareholders, the 27 EU Member States, have unanimously approved a EUR 10 billion capital increase, which will be fully paid in. The capital increase will allow Europe’s long-term lending institution … Read the full press release →

Posted in Banks, Business, European Union, Financial, Government, Investment, Luxembourg, Politics

INVITATION – PRESS BRIEFING Cost-effectiveness of Cohesion Policy Investments in Energy Efficiency

Posted on 7, January 2013 by

Cost-effectiveness of Cohesion Policy Investments in Energy Efficiency Luxembourg, 7-1-2013 — /europawire.eu/ — The cost of increased energy consumption, the depletion of fossil fuel reserves and the effect of human activities on global climate change are drivers of recent energy efficiency … Read the full press release →

Posted in Energy, Gas & Oil, Environment, European Union, Government, Luxembourg, Media

Strong Demand for EIB’s First Benchmark Transaction of 2013

Posted on 4, January 2013 by

–       First GBP transaction of 2013 from any issuer sector –       Well diversified orderbook of GBP 2 billon from over 50 investors 4-1-2013 — /europawire.eu/ — On Thursday 3rd January 2013, the European Investment Bank launched its first benchmark transaction of 2013 with a … Read the full press release →

Posted in Banks, Business, European Union, Financial, Investment, Luxembourg

State aid: Commission approves resolution plan for the Dexia group and restructuring plan for Belfius subject to fulfilling certain commitments

Posted on 28, December 2012 by

Brussels, 28-12-2012 — /europawire.eu/ — The European Commission has authorised aid granted by Belgium, France and Luxemburg for the orderly resolution of the Dexia group, the sale of its subsidiary DMA (Dexia Municipal Agency) and the restructuring of Belfius (formerly Dexia Banque … Read the full press release →

Posted in Banks, Belgium, Business, European Union, Financial, France, Government, Investment, Luxembourg

Meeting between Luxembourg’s Deputy Prime Minister Jean Asselborn and EIB President Werner Hoyer

Posted on 28, December 2012 by

28-12-2012 — /europawire.eu/ — On Thursday 20 December, European Investment Bank President Werner Hoyer received Jean Asselborn, the Grand Duchy of Luxembourg’s Deputy Prime Minister and Minister for Foreign Affairs, at the Bank’s headquarters in Kirchberg. Mr Hoyer and Mr Asselborn … Read the full press release →

Posted in Banks, European Union, Financial, Government, Luxembourg, Politics

EIB announces EUR 70bn Funding Program for 2013

Posted on 27, December 2012 by

27-12-2012 — /europawire.eu/ — EIB has issued new projections for its funding activities, as part of the annual revision of its Corporate Operational Plan (COP). The Bank plans to borrow EUR 70bn in 2013. This is similar to the amount of … Read the full press release →

Posted in Banks, Business, Financial, Investment, Luxembourg

EUR 300 million in new EIB finance for climate action and smart growth in Turkey

Posted on 24, December 2012 by

24-12-2012 — /europawire.eu/ — The European Investment Bank (EIB) is renewing its support for Turkey with a EUR 300 million total finance package for climate action, small and medium-sized enterprises (SMEs) and mid-sized companies (mid-caps). EIB Vice-President Pim van Ballekom commented on … Read the full press release →

Posted in Banks, Business, Environment, Financial, Investment, Luxembourg, Switzerland

EIB und DKB finanzieren Investitionen in nachhaltige Energievorhaben

Posted on 22, December 2012 by

Globaldarlehen über 200 Mio. Euro vereinbart Berlin/Luxemburg, 22-12-2012 — /europawire.eu/ — Für Vorhaben im Energiesektor gibt es finanzielle Unterstützung von der Europäischen Investitionsbank (EIB). Die EIB und die Deutsche Kreditbank AG (DKB) haben dazu heute in der DKB-Zentrale in Berlin erneut … Read the full press release →

Posted in Banks, Energy, Gas & Oil, Environment, Financial, Germany, Investment, Luxembourg