German exports will increase 16 per cent this year to €937 billion and clear the €1 trillion mark next year, according to the German foreign trade association, BGA, last week. German exports are growing because its industry produces exactly what the world’s rapidly growing emerging economies want and need: industrial plants, specialized machinery, luxury vehicles…
Category Archives: Regional News
Italian Company, AgustaWestland, To Deliver Helicopter to Libya
The second AW139 helicopter is to be delivered to the Libyan General People’s Committee for Public Security. This was announced in Tripoli at the “Libdex 2010” which is the second annual defense and security show in Libya. The Italian aircraft manufacturer, AugustaWestland, has a contract to manufacture five such helicopters for Libyan border surveillance and…
Indian Rajoo Engineers join Italian Bausano & Figli S.p.ay
Indian firm, Rajoo Engineers Limited, has formed a joint venture with the Italian company Bausano & Figli S.p.a to produce and market pipe and profile lines. Rajoo is in effect diversifying into the pipe and profile extrusion machinery business. Rajoo Bausano Extrusion Pvt. Ltd., the JV company, will begin operations in 2011. Rajoo will supply…
Iliad Third Quarter Revenue Increases By 5% To EURO 511.1 Million
Its third-quarter revenue of French Internet operator Iliad SA (ILD.FR) rose 5% as its Free brand subscribers continued to increase. Revenue was EUR511.1 million for the three months ended September 30. It was up from EUR486.7 million in the same period of 2009. Revenue was EUR1.53 billion for the first nine months of 2010, up…
France Telecom to Expand In Rural Africa
France Telecom is planning to take over rural Africa with a variety of low-cost products and services which are intended to double its sales in the region by 2015. The French operator is betting on rapid expansion in rapidly expanding markets in Africa and the Middle East to offset a slow decline in its longstanding…
China’s ZTE marketing 300,000 more mobile phones in France
China’s ZTE Corp, plans to sell 300,000 units of a new Android smartphone to Europe this year. This month, sales will launch in France according to a ZTE spokeswoman. The smartphone has a 3.5-inch touch screen is ZTE’s second cellular phone marketed in France and it also employs Google’s Android operating system. France Telecom’s Orange…
German Economy Developing Less Rapidly
Orders and production in September fell even lower than in the previous month. There was a drop of 1.3 percent recorded by manufacturing firms which was the largest decline in nearly a half year, the Federal Statistics Office said on Tuesday. Manufactures have increased prices and seasonally adjusted minus of 2.8 percent. In August, sales…
BMW Megacity to be produced in Leipzig plant
BMW has announced € 400 million investment at its plant in Leipzig. The Leipzig plant has been chosen for the production of future Megacity, the urban all-electric mark whose launch is planned for 2013. The carbon fiber used in its production will come from an American factory town with the SGL Group. Also, certain components…
Satisfied despite Reduction in profits
The German Telekom company is satisfied with its sales and profit in the third quarter. Although the company posted a decline in profits the Telekom sees itself on course in all of the important areas. This year “everything went well,” chief executive Rene Obermann said Thursday in front of journalists in Bonn. The especially strong…
Orange Fund and other Dutch Investments
The Orange Fund is managed by Joop Witteveen from Kemp and Peter Beijers. Both men have long experience investing in small cap Dutch equities and know the business inside out. At Delta Loyd both Jack Jonk and Alex Otto are responsible for management. They choose greater than 5% interests in undervalued companies. The fund did…
