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Gunter Grittmann
Head of Information and Communication
E-mail: grittmann@zew.de
Phone: +49 (0)621-1235-132
Fax: +49 (0)621-1235-255
Kathrin Böhmer
Public Relations Officer
E-mail: boehmer@zew.de
Phone: +49 (0)621-1235-103
Fax: +49 (0)621-1235-255
Negotiations on the new EU financial framework for 2014 to 2020 are well underway. Due to the tense budgetary situation of many EU Member States, each budget item needs to be re-examined. EU regional policy, which currently makes up about 36 per cent of EU’s total budget expenditure, offers considerable savings potential. This is the central finding of an analysis conducted by the Centre for European Economic Research (ZEW) in Mannheim on behalf of the German Federal Ministry of Finance. read more
The European Commission makes a second attempt to introduce a new energy label for electric appliances. This label is to encourage the European consumers to buy energy-saving appliances. However, there are some signs that the second attempt will not be successful either. If an appliance carries the new energy label instead of the existing European Energy Label, low energy consumption does not have a great impact on the consumer decision. Consumers are not willing to pay more for an energy-saving appliance if it is labelled with the new energy label. These are the findings of a study by Stefanie Heinzle and Rolf Wüstenhagen (University of St. Gallen) within the research project seco@home that is coordinated by the Centre for European Economic Research (ZEW) Mannheim. The study compares TV sets with the existing European Energy Label and the new energy label as well as the labels’ impacts on consumers. read more
Sovereign wealth funds from the Middle East and Asia are increasingly buying stakes of European and U.S. companies. Due to the global financial market crisis the shares are available at low prices. Therefore they are very popular among investors from the Middle and Far East. Those state-owned funds run by oil-exporting as well as Asian countries invested more than 43 billion Euros mostly in European and U.S. financial institutions in the year 2007. In the first half of 2008 they had already acquired stakes, worth 21.6 billion Euros. This is the result of a survey conducted by the Centre for European Economic Re-search (ZEW), Mannheim, and Bureau van Dijk Electronic Publishing. read more
The Total Expense Ratio (TER) for investments funds, measured as the total costs of a fund as a percentage of the average fund volume during a business year, has increased in a number of European countries in the years 2001 to 2005, but also decreased in a few others. read more