Search Results for: European Court of Justice

Keith Nuthall
THE EUROPEAN Investment Bank has drawn up plans to lend up to Euro 25 million to a German company Eurostamp Deutschland, to enable it to construct and install a production plant for stamped and assembled auto-body parts. The factory would be sited in one of the poorest areas of Saxony, in eastern Germany, which is labelled as an Objective 1 zone by the European Commission and hence eligible for generous EU development grants; the project would create 90 new jobs until 2005 and 150 until 2007.…

BY KEITH NUTHALL
IN unkind moments, critics of the insurance industry might say that the sector revels in misfortune, making money out of pessimism and encouraging its clients to prepare for the worst. Of course, like most unconditional statements about business, the truth is far off and is a lot more murky.…

BY ALAN OSBORN
THE SPANISH company Logista, a wholesale distributor of tobacco in Spain and Portugal, is to take joint control of Logesta Gestion de Transporte in a move that will extend Logista’s activities into freight forwarding. The European Commission has approved a deal under which Logista will share control with another Spanish company, Gestcamp, which operates in the warehousing sector among others.…

BY ALAN OSBORN
THE EUROPEAN Commission has significantly watered down its proposed

directive on prospectuses following intense lobbying by the financial services industry, the European Parliament and some Member States including Britain. The main change announced today (Friday) is to exempt small and medium-sized companies from the obligation to publish a draft prospectus if their public offering is Euro 2.5 million (Pounds 1.55 million) or less.…

BY KEITH NUTHALL
THE EUROPEAN Commission is signalling a possible move from its ban on hybrid or inter-specific vines being used in appellation brands by paying for a research project into their quality and disease resistance, “taking into account all the scientific elements in order to provide a basis for decision.”…

BY KEITH NUTHALL
NATIONAL laws within the European Union insisting that life-assurance policies or proposals warn customers about the potential for losing returns, should they cancel or reduce their policy to take out new cover, break EU freedom of trade rules, the European Court of Justice has ruled.…

BY KEITH NUTHALL
THE EUROPEAN Commission has approved a paper industry deal which will see Norway’s Norske Skog and Canada’s Abitibi acquire complete control of their subsidiary Pan Asia Paper Company, buying out its third shareholder, South Korea’s Hansol Paper Co Ltd.…

BY ALAN OSBORN
TH EUROPEAN Commission has formally proposed that the EU’s surveillance of imports of hard coal from third countries should be continued after the winding up of the European Coal and Steel Community in June this year. The Commission said however that the decision would require the approval of the EU member governments in the Council before it could be implemented.…

BY KEITH NUTHALL
THE EUROPEAN Union is channeling Euro 2 million into a legal aid and reform programme in Kosovo, to build an effective judicial system in this war-torn and UN administered Balkan province. Money will be directed to the Kosovo Chamber of Advocates, which received aid last year to establish a legal aid system for the poor.…

BY KEITH NUTHALL
THE NATIONAL Coal Mining Museum for England is to receive a share of Euro 69 million in grants made by the European Commission under the EU LIFE Environment scheme. The museum’s INWATCO project has been selected for funding; it aims to demonstrate and evaluate innovative techniques and procedures for the integrated management of groundwater resources in coal mining areas.…