Member News, News

Austrian Researchers Develop Sensor Dyes

Laboratory coats which can change color and warn people of poisonous gases, bandaging materials which show that the patient has an infection and bath gloves which detect chemical additives in bathwater are potential examples of intelligent textiles which can show dangers in different colors, and thus contribute to achieving greater occupational safety. The dyes were researched and produced by Joanneum Research in Weiz, according to a report published by the Austrian Press Agency. Sensor textiles as a warning signal. A sensor...

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Baxter Expands its Business Operations in Austria

The American pharmaceutical and biotech company Baxter plans to invest EUR 80 million in the facilities it operates in Vienna and Orth, Lower Austria. This amount is in addition to the EUR 138 million which will be invested at the plant in Krems, Lower Austria over the coming years. In this way, Baxter is “sustainably securing the future of its Austrian business operations”, says Karl-Heinz Hofbauer, Baxter’s Operations Manager in Vienna. Baxter continuously invests to upgrade its Austrian sites. In...

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Granito Goes Social

Granito Corporate Advisories announces the creation of a corporate social learning platform. This instructional platform's goal is to enable small and mid-size companies to stabilize and develop staff talent and facilitate growth, especially those looking to internationalize. It is designed especially for companies currently unable to afford available enterprise-grade social networking applications. Using existing free social medium platforms, GRANITO focuses on teaching an enterprise wide awareness of, and participation in, fundamental business tools such as mentoring, brain-storming, networking and team...

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Chapter News, News

EU Expects to Add Nearly 3 Million Jobs in App Sector over Next Four Years

According to a new report released by the European Commission, by 2018 the EU’s “app economy” could employ 4.8 million people (up from around 1.8 million) and contribute €63 billion (more than $80 billion) to the EU economy. Currently, EU and North American developers each generate around 42 percent of app revenues in crucial EU and US markets. Key findings from the study include: EU games app developers lead the field: 28 EU companies created 40 percent of the top 100 grossing apps...

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EU Commission Winter 2014 forecast: Recovery Gaining Ground

The European Commission's winter forecast foresees a continuation of the economic recovery in most Member States and in the EU as a whole. After exiting recession in spring 2013 and three consecutive quarters of subdued recovery, the outlook is for a moderate step-up in economic growth. Following real GDP growth of 1.5% in the EU and 1.2% in the euro area in 2014, activity is seen accelerating in 2015 to 2.0% in the EU and 1.8% in the euro...

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Major Lease Expiration Date Nears for New York Office Loan

One loan CMBS investors may want to watch is the $33.2 million 1710 Broadway note that backs 2.1% of COMM 2005-C6. The property is a 68,285 square-foot office in Manhattan's Midtown West area. The building was constructed in 1918 and renovated in 2003. The concern is that the lease for lead tenant Christian Casey is slated to end in April of this year. According to recent servicer watchlist notes, "tenant has been vague regarding plans upon lease expiration." Christian Casey is the corporate...

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New York Grant Company Partners with Ireland INC for Ireland Day 2014 in NYC

The New York Grant Company has partnered with Ireland INC for the fourth annual Ireland Day 2014 in New York City to foster economic development in NYC and worldwide. The summit will take place at the New York Stock Exchange on Friday, March 14th. Themed Ireland and the World with a focus on investing in Ireland, a unique group of global business and political leaders will attend this one day international business summit. "We're thrilled to be a part of an...

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Euro area annual inflation stable at 0.8% – EU down to 0.9% // Employment Trends

Euro area annual inflation was 0.8% in January 2014, stable compared to December 2013. A year earlier the rate was 2.0%. Monthly inflation was -1.1% in January 2014. European Union annual inflation was 0.9% in January 2014, down from 1.0% in December 2013. A year earlier the rate was 2.1%. Monthly inflation was -0.9% in January 2014. Inflation rates – detailed figures More on Harmonized Indices of Consumer Prices (HICP) Employment: vacancy trends reveal growing North-South divide in EU labour market Vacancy...

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Pepper Podcast: Representation & Warranty Insurance in M&A Transactions

Recently Bruce K. Fenton, Pepper Hamilton partner and chair of the firm’s Private Equity Practice Group and Investment Funds Industry Group, hosted Jay J. Rittberg, senior vice president and Americas M&A manager, and Ashley Behan, mergers & acquisitions insurance, of AIG to discuss the use and benefits of representation and warranty insurance in both buy-side and sell-side M&A transactions. This podcast is a recording of this seminar. Mr. Rittberg and Ms. Behan discuss how this insurance is used in transactions...

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Main results of the Competitiveness Council

Ministers held a debate on industrial competitiveness on the basis of the Commission communication “For a European Industrial Renaissance”. They also held a debate on the Commission's Annual Growth Survey (AGS) for 2014. The main results of the Council included: Industrial competitiveness Ministers held a debate on industrial competitiveness on the basis of the Commission communication “For a European Industrial Renaissance”, which proposes that industrial competitiveness concerns be systematically mainstreamed across relevant EU policy areas such as environmental, climate, energy, trade,...

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