The week in business: 28 February
Additional flights between Brussels and Spanish cities, million-euro rescue package for Electrawinds and an overview of the rest of week's business news
Air – Vueling
It has also announced a further development of its services at the end of the year in Brussels, with an expected 30% increase in traffic.
Biotech – ThromboGenics
The biotech company, based in Oud-Heverlee, Flemish Brabant, is reconsidering its development and long-term strategy following the disappointing launch of its Jetrea eye treatment in the US. The company is said to be looking for a partner to boost sales and may seek an outright sale.
Energy – Electrawinds
The Ostend-based green energy and wind farm operator has opted for the €262 million rescue package presented by the Flanders investment fund Gimv and investment company PMV. The commercial court still has to accept the proposal, as the company is operating under its protection.
Hotels – Motel One
The German budget hotel group is opening a 490-room motel in central Brussels next month. Priced at €69 a night, rooms are said to offer high-level comfort without stars. The company has said it plans to open another hotel in the upper part of the city.
Packaging – VPK
The Aalst-based producer of board and packaging materials is investing €40 million in a third cardboard production unit in Wroclaw, Poland. The new operation is expected to come on stream early next year.
Pharmaceuticals – Arseus
The supplier of products and services for the medical sector, based in Waregem, West Flanders, has signed agreements to acquire three unspecified firms in the US. With earlier acquisitions this year in the US and Europe, Arseus’ recent investments total €160 million.
Property – Office space
Property consultants Cushman & Wakefield puts Brussels in 38th position on the list of the world’s most expensive office space. The survey says that London, at the top of the list, is five time more expensive than Brussels.
Telecoms – Belgacom
The Brussels-based telecommunications group is in talks to sell its French Telindus networks integration affiliate to French multinational mass media and telecommunication company Vivendi.
