Agriculture: the Commission approves new geographical indication from the Netherlands
The Commission has approved today the addition of a new product from The Netherlands to the quality register of Traditional Speciality Guaranteed (TSG). ‘Suikerstroop’ is dark brown syrup made of the syrupy liquid left behind during the production of sugar from sugar beet or sugar cane. It has a sweet taste due to its large sugar content (at least 70%) but is also a bit salty due to the minerals and other components from the sugar beet or sugar cane found in the syrup as a result of the production process. Historically, ‘suikerstroop’ is a by-product of sugar refining and it has been a much-used ingredient in traditional Dutch dishes, such as Groningse kruidkoek or Limburgse zoervleisj. A sauce made out of ‘suikerstroop’ called stroopsaus is also a recommended accompaniment for many traditional dishes. The scheme for traditional specialities guaranteed is to help the producers of traditional products to communicate to consumers the value-adding attributes of their product. A name can be registered as a traditional speciality guaranteed where it describes a specific product or foodstuff that results from a mode of production, processing or composition corresponding to traditional practice for that product or foodstuff; or is produced from raw materials or ingredients that are those traditionally used. More information: webpages on quality products and DOOR database of protected products.
Payment services: Consumers to benefit from cheaper, safer and more innovative electronic payments
The revised Payment Services Directive (PSD2), which will apply as of 13 January 2018, aims to modernise Europe’s payment services to the benefit of both consumers and businesses, so as to keep pace with this rapidly evolving market. Valdis Dombrovskis, Vice-President responsible for Financial Stability, Financial Services and Capital Markets Union said. “This legislation is another step towards a digital single market in the EU. It will promote the development of innovative online and mobile payments, which will benefit the economy and growth. With PSD2 becoming applicable, we are banning surcharges for consumer debit and credit card payments. This could save more than €550 million per year for EU consumers. Consumers will also be better protected when they make payments.” The new rules will be applicable as of 13 January 2018 through provisions that Member States have introduced in their national laws in compliance with the EU legislation. The Commission calls on Member States who have not yet transposed the Directive, to do so as a matter of urgency. For more information please see the full press release and MEMO available online
EUROSTAT: First release for the third quarter of 2017 – Household saving rate stable at 12.0% in the euro area – Household investment rate nearly stable at 8.8%
The household saving rate in the euro area was 12.0% in the third quarter of 2017, stable compared with the second quarter of 2017. The household investment rate in the euro area was 8.8% in the third quarter of 2017, compared with 8.7% in the previous quarter. Full text available here
EUROSTAT: First release for the third quarter of 2017 – Business investment rate down to 22.4% in the euro area – Business profit share up to 41.4%
In the third quarter of 2017, the business investment rate was 22.4% in the euro area, compared with 23.1% in the previous quarter. The business profit share in the euro area was 41.4% in the third quarter of 2017, compared with 41.0% in the second quarter of 2017. Full text available here
Next steps against fake news: High-Level Expert Group to tackle disinformation meets for the first time
As announced in November 2017, the High-Level Expert Group appointed to advise the European Commission on how to tackle the spread of online disinformation will meet for the first time next Monday 15 January at 10:00. The High-Level Expert Group will contribute to the development of an EU-level strategy on how to tackle this phenomenon, to be presented in spring 2018. Following the Commission’s call for application last November, the Commission received over 300 applications for the group. The experts will advise the Commission on scoping the phenomenon, defining the roles and responsibilities of relevant stakeholders, grasping the international dimension, taking stock of the positions at stake, and formulating recommendations. The selection of members ensures a wide participation of expertise, a balanced geographical representation, gender balance, and a balanced view of both social media platforms and media organisations, civil society organisation and experts such as journalists and academia. The procedure has followed the usual rules for selection of expert groups of the Commission. The final list of participants can be found here. Mandated by President Juncker, Commissioner Mariya Gabriel launched the initiative in November 2017 together with a public consultation open until 23 February. On Monday 15 January, she will hold a press point at 11:00 which can be followed live on EbS. In establishing the group, the Commission has worked closely with the EEAS East Stratcom Task Force, which was set up by the High Representative/Vice-President Federica Mogherini in 2015 to address disinformation activities by external actors. You can find more information about the High-Level Expert Group’s work here, as well as in a press release and in Commissioner Gabriel’s speech.
New opportunities for Europe’s leading innovators in the fields of Added-Value Manufacturing and Urban Mobility
Today, the European Institute of Innovation and Technology (EIT) is launching a Call for the creation of two new Knowledge and Innovation Communities: EIT Manufacturing and EIT Urban Mobility. The former will contribute to the development of a more sustainable and environmentally-friendly manufacturing process in the industrial sector. The latter will focus on smart, green and integrated transport. The two new pan-European partnerships of universities, research organisations and businesses will join the six existing Knowledge and Innovation Communities on climate (EIT Climate-KIC), digitisation (EIT Digital), food (EIT Food), health (EIT Health), renewable energy (EIT InnoEnergy), and raw materials (EIT Raw Materials). They will help to boost innovation in strategic sectors where Europe needs to build and maintain a competitive advantage. Tibor Navracsics, Commissioner for Education, Culture, Youth and Sport, responsible for the EIT, said: “The EIT Knowledge and Innovation Communities are part of Europe’s answer to the global challenges our societies face. It is only by innovating, investing in talent and developing solutions that we will be able to build resilient, sustainable and inclusive societies. Therefore I am looking forward to welcoming the new Knowledge and Innovation Communities in the fields of added-value manufacturing and urban mobility.” Read the EIT’s press release here. The EIT is an independent EU body set up to boost innovation and entrepreneurship across Europe – more details are available here.
Mergers: Commission clears acquisition of the Chapelfield Partnership by intu and LaSalle Investment Management
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over the Chapelfield Partnership LP by intu properties plc (“intu”) and LaSalle Investment Management (“LaSalle”), all of the UK. The Chapelfiled Partnership, currently indirectly wholly owned by intu, owns and operates the Chapelfield Shopping Centre in Norwich, UK. intu is a real estate investment trust, largely focused on shopping centre ownership, management and development across the UK and, to a lesser extent, in Spain. LaSalle – a subsidiary of Jones Lang LaSalle Incorporated of the US – is a real estate investment management firm. The Commission concluded that the proposed acquisition would raise no competition concerns given the companies’ moderate combined market positions in the provision of real estate services in the UK resulting from the proposed transaction. The operation was examined under the simplified merger review procedure. More information will be available on the Commission’s competition website, in the public case register under the case number M.8720.