Europe

Gazprom plans to become a big player in Europe’s gas market

Gazprom export" plans to increase its market share in Europe of 2% -5% in 2016 over the previous year, as stated by the representative of the company Valery Nemov, at the 10th annual European Gas Summit organised by S&P Global Platts in Düsseldorf.

"We must remember that in recent years Gazprom has set a very ambitious goal: to reach a market share of 30% in Europe," said Nemov, quoted by Bloomberg.

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Worth’s trade Switzerland-Lombardy is €30 bn on year

The value of trade between Lombardy and Switzerland amounts to around 11 billion euro per year. The figure is equal to one third of the more than 30 billion nationwide, according to the estimate given by the Milan Chamber of Commerce, on the 2015 data, the day after the vote in Ticino on the border restrictions.
The data broadly confirms the turnover of 2014, with a slight drop of 1%.

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Adienne stops Swiss IPO for bad market conditions

The Ticino-based pharmaceutical group Adienne reverses, and will not enter the stock market, contrary it had announced recently. "Adienne confirmed today that due to adverse market conditions it has put its intention to proceed with an IPO on hold until further notice," an Adienne spokesman said to Reuters.

After two weeks, when CEO Di Naro Antonio said in a statement that "I am very pleased to quote Adienne on the SIX Swiss Exchange, certainly helping to strengthen the international presence of the company", the climate has definitely changed .

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Iceland may sue Iceland supermarket retailer over its trademark

Iceland, the name, could be a problem. Like the movie Kramer vs Kramer, the country is hoping to get Iceland, the British frozen foods giant to relinquish their trademark on Iceland, the word, within the European Union.

Iceland’s ministry of foreign affairs told the PA that is considering action against the retailer, considering a cancellation action against its ownership of the Iceland trademark in the EU. A few years ago, filing such a lawsuit was first discussed, but the next steps will be decided at a meeting on September 28.

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Ticino:

The citizens of Ticino ask to place restrictions on cross-border workers. According to final results, the initiative referendum "Ours First" – promoted by the Swiss People’s Party (UDC) with the support of the Ticino League – passed with 58% of "yes". The rejection was 39.7%.

The text submitted to the voters of the canton, where about 62 thousand border workers work every day , calls on "the labor market is preferred, level on professional qualifications, those who live on the territory."

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