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Wysłany: Wto 16:21, 15 Lut 2011
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EU promotes innovation to boost economic growth
Innovation is vital for growth, economic re-balancing and recovery,
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Three days after the European Council summit gathered European Union (EU) leaders to discuss innovation and energy issues,
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The commissioner encouraged member states to maintain investment in research and development (R&D) and innovation, as reaching the EU target of investing 3 percent of gross domestic product (GDP) in R&D could create around 4 million jobs and increase annual GDP by 700 billion euros (954 billion U.S. dollars) by 2025.Geoghegan-Quinn underlined the need to harmonize innovation and research funding through the adoption of the Common Strategic Framework that could bring together many EU funding instruments.
"European Research funding is currently spread across too many small programs and different instruments, sometimes with insufficient scale and scope to make real breakthroughs in a visible way," she said.The European Commission is expected to present its Green Paper on future EU funding for research and innovation on Wednesday, with proposals to cut red tape for scientists and facilitate funding to be discussed, among others.
The commissioner also called on member states to work on completing the European Research Area by 2014, with the view to enhancing cross border cooperation in research and innovation.She also highlighted the importance of launching European Innovation Partnerships,
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By bringing together the main stakeholders in a particular field, innovation partnerships are expected to help speed up the development and deployment of the technologies needed to meet the challenges the EU is facing."I am convinced that science,
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U.S. Treasury to sell bank warrants
The U.S. Treasury Department announced Monday that it has planned to auction warrants it holds for Wintrust Financial Corporation.Treasury said the sale of 1,643,295 warrants to purchase the common stock of the company would take place on Tuesday. The offering was expected to price through a modified Dutch auction. Deutsche Bank Securities Inc. is the sole book-running manager for this offering.
During the auction period,
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