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El Paso region ranked top metropolitan area for exports with record $20.1 billion

BRUSSELS: International Trade Administration report ranks metro area as one of top in the nation in goods exports in 2014. The El Paso region has again been ranked as a top metropolitan area for exports with a record $20.1 billion in 2014, according to a report from the International Trade Administration released today. The administration’s 2014 Metropolitan Area Export Overview ... Read More »

Oman-Belgium economic ties set to grow

BRUSSELS: Economic relations between Oman and Belgium are growing and will become stronger if the huge potential for cooperation in various fields is utilised, said a Belgian official. Countries in the Middle East, especially in the Gulf region, are important markets for Belgium, said Kris Castelein, counselor – investment and trade, the Embassy of Belgium in Riyadh, Saudi Arabia. Belgium ... Read More »

Six new Belgium brewery visits Craig to listen to business owners

BRUSSELS: Six New Belgium Brewery representatives visited Craig this week after several local business owners pulled the company’s beer for supporting WildEarth Guardians, the environmental group that litigated against Colowyo Coal Mine and Trapper Mining, Inc. Colowyo is at risk of closing due to a lawsuit against the federal agency that oversees the permitting process for the mine. Trapper had ... Read More »

Irish businesses want EU fiscal rule to loosen grip so Ireland can stop playing catch up

DUBLIN: EU fiscal rules are hampering vital investment in Ireland, says the organisation representing Irish businesses, Ibec. In it’s latest economic outlook, the group said the government should seek flexibility on EU fiscal rules for Ireland ahead of the next budget in October. The EU’s fiscal policy rules set numerical targets for budgets, placing a permanent constraint on fiscal policy, ... Read More »

Eurozone annual inflation expected to fall 0.2% in June

BRUSSELS: Euro area annual inflation is expected to be 0.2 percent in June 2015, down from 0.3 percent in May 2015, according to a flash estimate from Eurostat, the statistical office of the European Union (EU). Looking at the main components of euro area inflation, food, alcohol and tobacco is expected to have the highest annual rate in June, followed ... Read More »

Arla sells 49% stake in Belgium dairy business

BRUSSELS: Arla Foods has sold its stake in a Belgium milk processor to the privately owned French dairy giant Lactalis. Danish giant Arla Foods, the world’s 6th largest dairy company, has agreed to sell its 49% stake in Walhorn AG to the privately owned French dairy processor Lactalis. Walhorn AG was originally set up as a 49:51 joint venture between ... Read More »

Eurozone annual inflation expected to fall 0.2% in June

BRUSSELS: Euro area annual inflation is expected to be 0.2 percent in June 2015, down from 0.3 percent in May 2015, according to a flash estimate from Eurostat, the statistical office of the European Union (EU). Looking at the main components of euro area inflation, food, alcohol and tobacco is expected to have the highest annual rate in June, followed ... Read More »

European Union tries to look beyond Greece to deepen China ties

BRUSSELS: The European Union will briefly put aside worries about Greece to broaden its relations with China at a summit in Brussels on Monday, hoping for Chinese investment in Europe’s new infrastructure fund and support for a global climate deal. As China seeks to move Sino-European ties beyond trade and win a bigger role in international affairs, the European Union ... Read More »

Branson warns, UK EU exit would set UK back 50 years

LONDON: A BRITISH exit from the European Union would set the country back half a century and be catastrophic for its trade and economic prospects, billionaire entrepreneur Richard Branson has said. Branson, whose Virgin Group empire ranges from airlines to banking and space travel, was speaking after Prime Minister David Cameron told EU leaders last week he needed a new ... Read More »

EU takes all Philippine airlines off blacklist after 5 years

BRUSSELS: The European Union has lifted its ban on Philippines-based carriers, allowing them to return to EU skis for the first time in five years. EU Transport Commissioner Violeta Bulc said in a statement on Thursday: “After five years of hard work, we are are finally able to clear the airlines certified in the Philippines.” Philippines was put on the ... Read More »

JM signs agreement to sell Science 14 property in Brussels

BRUSSELS: JM has signed an agreement to sell its Science 14 property in Brussels. Access and payment will take place in June 2015. The capital gain on the sale amounts to SEK 9 m and will be reported in Q2 2015 under the JM International business segment. JM is one of the leading developers of housing and residential areas in ... Read More »

Belgium NBB business climate rises to -3.9, from -4.9 in quarter

BRUSSELS: Confidence among Belgian business leaders rose unexpectedly in the last quarter, official data showed. In a report, National Bank of Belgium said that Belgium NBB Business Climate rose to -3.9, from -4.9 in the preceding quarter. Analysts had expected Belgium NBB Business Climate to fall to -5.1 in the last quarter. Read More »

Belgium business confidence rises to highest level in almost 4 years during June

BRUSSELS: Belgium’s business confidence rose to its highest level in almost four years during June, as sentiment improved in manufacturing, business services and construction sectors, survey results from the National Bank of Belgium showed Wednesday. The business confidence index rose to -3.9 from -4.9 in May. That defied economists’ expectations for a deterioration in the measure to -5. The latest ... Read More »

Belgium’s IBA signs deal for 3 compact proton therapy centers in UK

BRUSSELS:  Belgian cancer treatment equipment maker IBA said it had signed agreements to install three compact proton therapy centers in Britain. The company said the deals, containing immediate down payments, included 10 year maintenance contracts. The typical price for a Proteus One system with such a contract is between 35 and 40 million euros, IBA said. The centers will bring ... Read More »

European stocks German business confidence drops

BRUSSELS: European stocks were mixed on Wednesday amid a drop in German business confidence and another flurry of Greek crisis huddles in Brussels. Dutch food retailer Royal Ahold  (AHONY) rose on an agreement to walk down the aisle with Belgium’s Delhaize (DEG – Get Report) In Germany, the second monthly decline in business confidence cast a shadow over the pace ... Read More »

European telecom Altice announces bids for Bouygues

BRUSSELS: The ambitious owner of France’s phone and internet provider SFR is making an offer to buy rival Bouygues Telecom. European telecommunications company Altice announced  that it has made an offer through its subsidiary Numericable-SFR for Bouygues. Bouygues is holding a board meeting Tuesday and would not immediately comment on the bid. Altice bought SFR from Vivendi last year in ... Read More »

Kennedy Wilson EU real estate plc submits Stillorgan shopping centre refurb plans

BRUSSELS: Kennedy Wilson Europe Real Estate plc (KWE) has submitted a planning application for what it says will be a significant refurbishment of Stillorgan Village shopping centre in Co Dublin. The shopping centre was Ireland’s first when it opened in 1966. It now has 54 shops and more than 145,000 sq ft of retail space. Its anchor tenants are Tesco ... Read More »

Belgium’s Mithra to raise up to 87m euros in IPO

BRUSSELS: Belgian pharmaceutical company Mithra, which focuses on women’s health, plans to raise up to 86.6 million euros ($98.7 million) in an initial public offering that could value the group at more than 300 million euros. The company, which makes hormones to help with the adverse effects of menopause, said on Thursday it would offer 5,238,095 shares at a price ... Read More »

EU current account surplus jumps to $16.8b in April

BRUSSELS: The current account surplus of the European Union (EU) in April increased compared with the previous month, first estimate data from Eurostat, the statistical office of the EU showed here the other day. The current account rose to 14.9 billion euros (about 16.8 U.S. dollars) in April from 11 billion euros in March and from 4.9 billion euros in ... Read More »

UK and Belgium introduce simpler visa policies for Chinese nationals

BRUSSELS: Britain and Belgium have announced new streamlined visa procedures for Chinese nationals who want to visit both Britain and the wider Schengen area, which is made up of 26 European countries that allow passport-free travel. The two EU countries said on Friday that the pilot scheme would allow Chinese tourists and business people to apply for visas for Britain ... Read More »