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Philips provides update on European Commission investigation

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In connection with the anticipated conclusion of the EC investigation in the second half of 2018, Philips will recognize a provision of EUR 30 million, which will be reported in the company’s 2018 second quarter results [1]. Since the start of the EC investigation in late 2013, which Philips reported in its Annual Reports, the company has fully cooperated with the EC. Philips initiated an internal investigation and addressed the matter in 2014. [1] Approx. EUR 18 million of the provision will impact EBITA of the Personal Health segment. T... Read More »

Two new directors appointed at the EEAS

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Birgitte Nygaard Markussen is currently the Director for Africa at the Ministry of Foreign Affairs of Denmark. Previously she served as the Danish Ambassador to Burkina Faso, Niger, Chad and the Central African Republic, as Deputy Director for Environment, Energy and Climate Change and as Deputy Head of Mission in Uganda (also accredited to Burundi and Rwanda). Luc Devigne is currently Head of Unit, Market Access, Industrial Sectors, Energy and Raw Materials at the Directorate-General for Trade of the European Commission. Previously he serve... Read More »

EIB backs EUR 7 billion support for new projects around the world

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Meeting at the EIB’s headquarters in Luxembourg, representatives of the EIB’s shareholders, the 28 EU member states and the European Commission, also discussed the EIB’s emergency response to the refugee crisis. Reflecting the unique focus to support investment across Europe and around the world, in Africa, Asia, Latin America, more than EUR 1 billion of the projects approved are outside the European Union. New support for SME investment included approval in principle for a new export funding platform expected to operate in 8 European cou... Read More »

Health literacy: how technology can help to empower patients

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STOA chair Paul Rübig, an Austrian member of the EPP group, opened the workshop. “It’s critical to guarantee that citizens can make decisions about their own health,” he said, adding: "We have to work also on legislation to protect privacy.” Roberto Bertollini, the World Health Organization's representative to the EU, said healthcare systems should be simplified to help improve health literacy: "Even people with substantial knowledge might have difficulties in dealing with the healthcare system.” Participants discussed healthcare practice... Read More »

BIL: Investment Plan for Europe

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This is the first transaction in Luxembourg to benefit from the support of the European Fund for Strategic Investments (EFSI) through which the Investment Plan for Europe will be deployed by the European Commission and the EIB Group. The new agreement allows BIL to provide EUR 60 million of finance to innovative companies in Luxembourg over the next two years. The loans will be backed by a guarantee of the EIF, enabled by the InnovFin initiative with financial backing from the Commission's Horizon 2020 programme. The agreement signed toda... Read More »

TNT introduces electric express delivery vehicles in Amsterdam and Rotterdam

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TNT’s new e-Ducato vehicles purchased from BD Auto replace the standard diesel vehicles previously operating in Rotterdam and Amsterdam and will enable to save 24,000 litres of diesel and 76 tonnes of CO2 equivalent emissions each year. They provide a range of 200 km and a loading volume of 13m3. Erik Uljee, Managing Director, TNT Benelux, said: “The partnership with FREVUE is part of TNT’s corporate responsibility agenda and meets the objective of our Outlook strategy to increase efficiency and productivity. To support zero emission transpo... Read More »

EIB continues wide-ranging response to Ebola

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“Even before the Ebola pandemic West Africa faced huge economic and social challenges. Since the start of the crisis the European Investment Bank has responded by backing investment in countries most impacted by Ebola as well as supporting accelerated development of a vaccine for the virus. The international community cannot abandon West Africa in this time of need and must continue to demonstrate firm engagement.” said Pim van Ballekom, European Investment Bank Vice President. “This week’s high-level conference will ensure effective engagem... Read More »

Amnesty International: European Commission’s announcement on migration: Right words, but no solutions

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“We agree that a European solution to the search and rescue crisis is urgently needed, but that's not being offered here. Member states need to step up and chip in. Extending operation Triton without increasing its assets and operational area changes absolutely nothing,” said Iverna McGowan, acting director of Amnesty International European Institutions Office. During a press briefing in Brussels, Dimitris Avramopoulos, European Commissioner for Migration, Home Affairs and Citizenship, acknowledged that the European Union (EU) needed to reac... Read More »

EIF met VP Andrus Ansip, EU Digital Single Market Chief

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As the ex Prime Minister of Estonia – Andrus Ansip brings a great digital track record at a much needed time for Europe. Following are the key points of the talk followed by my analysis. Vice-President Ansip started off by referring to the tragic events in France and that they reminded him of the global power and reach of the internet, and of how it can be abused - by some - as a vehicle to fuel hatred and violence. Freedom of the media, including the internet, is a vital channel for the freedom of speech. Freedom of the Internet must ... Read More »

EIF: The way ahead for mHealth in Europe

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Therefore it was a timely occasion for policy makers, doctors, patients and healthcare app developers to discuss a way forward for mHealth in Europe. Michal Boni, MEP and EIF Steering Committee Member, co-organised and chaired this well- attended breakfast meeting. In his introduction he spoke about the rapid development of mHealth markets in Europe. He also suggested how to create the legal framework to fully enjoy benefits of the mHealth in Europe. DS Park, Executive Director of European Public Affairs at Samsung Electronics, led off th... Read More »

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