• Bellens suspected of insider trading

    24 Jun 2009 by Alan Hope
    The financial regulator CBFA was this week reported to be investigating allegations of insider trading against Didier Bellens, the CEO of Belgacom. Bellens is alleged to have bought 50,000 shares in Telindus in 2005 for around €10.50 a share. The Belgacom board, however, had just agreed to make a bid for the network integrator, which valued the company at €16.60 a share. Full story
  • Thousands of credit cards blocked

    24 Jun 2009 by Alan Hope
    Atos Worldline, the company formerly known as Banksys which handles electronic payment transfers, last week took preventive action to block 45,000 credit cards after it discovered a potentially massive fraud operation. Full story
  • Crisis has cost each of us €12,000, study says

    24 Jun 2009 by Alan Hope
    Belgian households currently have the lowest assets in 20 years, according to a study by ING Bank. Because of the economic crisis, the gross national product has gone down by €120 billion, which represents a loss of €12,000 for every man, woman and child in the country between the summer of 2007 and March of this year. Full story
  • Hansen Transmissions on the auction block

    24 Jun 2009 by Alan Hope
    Speculation was sparked last week of a possible takeover of Hansen Transmissions of Kontich, after the Indian transmissions manufacturer Suzlon, which owns over 61% of the company, said it was "examining the possibilities". Hansen, which makes mainly industrial gearboxes for wind turbines and other applications, is quoted on the London stock exchange, and last week's price puts a value on the company of about €685 million. Full story
  • Alpro is a pioneer in the production of soy drinks

    Alpro goes to Texas

    24 Jun 2009 by Alan Hope
    Ghent-based Vandemoortele, Belgium's largest privately-owned food company, has agreed to sell soy-products subsidiary Alpro to Dean Foods of Dallas, Texas. The sale price was reported at €325 million. Full story
  • cartoon (c) Shutterstock

    No jobs for the boys

    24 Jun 2009 by Alan Hope
    Male school-leavers "are carrying the full weight of the economic crisis," according to a new study by the Flemish labour and training agency VDAB. The number of male graduates - from secondary school to university - looking for work increased by 14% between June 2008 and February 2009, where the total for girls increased by barely 1%. Full story
  • Prizes awarded to films about God

    24 Jun 2009 by Alan Hope
    God is looking for another son, and there are three candidates. To win, all they have to do is beat the others in cross-carrying, making communion wafers and walking on water. That's the plot of the film God zoekt zoon (God Seeks Son), the winner of the Golden Maria prize for films about God, organised by the theology department of the Catholic University of Leuven.  Full story
  • Road works in Flanders: expect delays

    24 Jun 2009 by Alan Hope
    Get ready for some waiting getting out of town for the holiday season. The following road works are planned for the summer months in Flanders: Full story
  • Downfall

    24 Jun 2009 by Alan Hope
    It's decided: the Flemish government will consist of the Christian Democrat CD&V, the socialist SP.A and the nationalist N-VA. But no liberals, even though Open VLD remains in the federal government. This seems normal, as Open VLD was the biggest loser in the regional elections, ending up with just 15% of the vote. Full story
  • Photo (c) Belga

    Existence of Church “under threat” as one priest ordained

    24 Jun 2009 by Alan Hope
    Only one new priest was ordained this year in Flanders, the Catholic magazine Tertio reported last week. The single ordination took place in the see of Bruges. On the other side of the language frontier, however, there were nine new priests ordained and one canon. Full story