The joint venture created by EDF and Enel of Italy, has signed a partnership agreement with Ansaldo, the nuclear branch of the Italian group Finmeccanica. This five-year partnership provides for cooperation between the alliance and Ansaldo "for the development and construction of 4 nuclear reactors that EDF and Enel EPR planning to build in Italy" says EDF.
For its part Areva said it had signed three agreements with companies in Italy on Friday. The first agreement, signed with Ansaldo will enable both companies to work together in Italy, under the planned construction of four reactors conducted by ENEL and EDF, but also in the rest of the world.This partnership will result in particular through cooperation in the engineering, supply of certain equipment and assembly work and testing of commissioning.
The second agreement, signed with Techint, a group specializing in engineering and construction of large industrial facilities, provides for cooperation of two companies in future nuclear projects turnkey projects in the world fast cash now.
Finally, a training agreement was signed with the university consortium for research and nuclear technology (CIRTEN). It provides the contribution of Areva to develop new nuclear industrial capabilities in Italy.
These agreements come as the annual summit between France and Italy takes place in Paris, where Nicolas Sarkozy and Silvio Berlusconi, the Italian prime minister, meet.The purpose of these agreements for EDF and Areva is to be in the running for the revival of nuclear energy in Italy from 2013.
Italy banned nuclear power in 1987 following the Chernobyl accident. But this year, a decree established a timetable for the construction of new reactors began in 2013. Silvio Berlusconi, had expressed a wish that 25% of the electricity produced in Italy comes from nuclear reactors.
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Shipyards Couach gently back later. Their new "Pasha" since the summer, the industrial Fabrice Vial, the cap is fixed after the takeover of bankrupt: a first yacht was delivered in September2009, three others will be by June The best is yet to come to these sites Gujan-Mestre, near Bordeaux, specializing in powerboats.
Couach recently signed two new contracts. The first of 15 million euros for fifteen coastguard patrol boats ordered by the Indian Navy, whose assembly has just begun, the other an unknown amount, for a yacht of 50 meters for a Ukrainian Industrial anonymous.
To celebrate this good news, Fabrice Vial has offered advertising space. "You have to tell the good news, says the Figaro industrialist Marseilles. Couach The brand has great potential.It is necessary to capitalize. "These ads also help reassure the financial community and potential clients.
Couach offers at least a new beginning. Fabrice Vial took over last June at the helm of the Tribunal de Commerce de Bordeaux Business centennial whose name rhymes with "quack" in recent years. Suspended from quotation on the Stock Exchange in late 2008, the stock has been delisted December 31, 2009. Didier Cazeaux, the former boss had left a liability of 55 million euros to banks and 5million to subcontractors.
New call for tender in India
Fabrice Vial pledged to retain 300 jobs, $ 1.5 million for the repurchase, and provide 6.5 million in capital. A gamble that seems crazy, so much so that the pontoons rumor: Fabrice Vial included these sites would not lose a deposit of 3 million euros it would have paid on a "Couach.The complainant denied, but confirmed to be an aficionado of this cult brand, weakened by its diversification and costly in megayacht.
The 2008 crisis dealt the coup de grace: the few customers able to spend 20 million euros for a yacht were made discrete. In 2009, the craft market has dropped 50%, Genmar the U.S., the No. 2 worldwide, was placed under the protection of Chapter 11 in June. The French Rodriguez has been placed in backup procedure …
Today, the billionaires seem a little more comfortable. The revival of Couach can begin. "Fiscal 2009 was recipient provides Fabrice Vial, resolutely optimistic. The customers are there and we see momentum of recovery. We knew the restart of construction activity was the most difficult.A helping hand Bankers would be welcome. "
The captain keeps in focus a future order of 80 patrol vessels to the Indian Navy, but he is not alone in responding to the call for tenders. "If delivery of the first patrol went well, I am hopeful that we not only retain the 300 employees, says he, but in addition we are able to hire fifty people." With work for 5 years.
Consolidation of DTT channels requires the Bollor? group Lagardere and entered into exclusive negotiations for the acquisition of Virgin 17, the music channel of Lagard?re.
The sale comes as seems acquired the amendment to the agreement of the chain that ultimately could be more musical but mini GP. However, it is not sufficient to date to pull the string to a value comparable to that of NT1, one of its competitors whose value was set at its sale to TF1 between 100 and 150 million payday advance Low fees . Sources familiar with the matter speak for a recovery of about 70 million euros for Virgin 17 half high.
It remains to be seen whether the sale of Virgin 17 will be a good financial transaction knowing that the loss of the channels are estimated between 20 and 30 million euros for 2009.However, the Bollor? Group is a good move in expanding its presence on DTT now with two strings which can organize spending.
Declining tax revenues and rising costs: the state budget did not end in 2009, suffering from this terrible effect scissors. The budget deficit widened to 143.3 billion euros in November 30, cons -66.6 billion a year earlier, said the Budget Ministry on Tuesday.
The difference, over one year amounted to 76.8 billion euros. He "explained mainly by the impact of economic conditions on changes in revenue and up to 34 billion euros by the end measures of recovery plan," says the ministry said in a statement.
In late November, total expenditure amounted to 329.7 billion euros, 13.9 billion more than a year ago. A difference can be explained by the cost recovery plan, advance Bercy."Out Recovery Plan expenditure (general budget and levies on revenues) increased by 850 million euros a year to another," says he.
In late 2009 the fiscal deficit, however, register under the 140 billion euros, one billion less than originally planned, said the Budget Ministry. This table to limit the deficit on tax revenue in December "slightly less degraded" and on "buoyant spending.
Direct consequence of this widening deficit, government debt under the Maastricht should represent 77.9% of GDP at end 2009 and 84% of GDP in 2010. To fill this gap, the state will borrow this year to market a record $ 188 billion.
The period of wage negotiations between management and unions currently undertaking begins. For example, at Renault, a first meeting on the subject will be held in two days. The big trend? The wage freeze was imposed last year should not disappear but retreat. According to Mercer, 21% of executives would see their wages frozen in 2010 against 42% this year. And 22% of employees against 35% this year.
Difficult, however, to rule on an average amount of increase because firms pay that reference have a different view. According to Hewitt, the increases will reach 2.6% next year against 2.8% in 2009.Mercer is more optimistic and believes that the increases will be larger in 2010 (+2.8% for a manager in the sales) against 2% in 2009 for example.
However all agree that even if a stronger recovery, the increases will not recover the levels (+ 3.5 to 4%) effective in years of strong economic growth.
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