Annual inflation down to 1.3% in the euro area
Euro area annual inflation was 1.3% in June 2017, down from 1.4% in May. In June 2016 the rate was 0.1%. European Union annual inflation was 1.4% in June 2017, down from 1.6% in May. A year earlier the rate was 0.1%. These figures come from Eurostat, the statistical office of the European Union. The lowest annual rates were registered in Ireland (-0.6%), Denmark (0.4%) and Romania (0.7%). The highest annual rates were recorded in Lithuania (3.5%), Estonia and Latvia (both 3.1%). Compared with May 2017, annual inflation fell in eighteen Member States, remained stable in three and rose in six. A Eurostat press release is available here.
EU report reflects strengthened EU-Egypt cooperation on shared priorities
A joint report released today by the European Commission and the European External Action Service looks at the partnership between the EU and Egypt for the period 2015-2017. It assesses the achievements and policy developments in Egypt over the past two years and notes the EU’s active support to the country in a wide range of critical areas including socio-economic development, education, health, energy, transport, environment, climate action, information society, research and innovation. The report comes ahead of the 7th EU-Egypt Association Council, scheduled to take place on 25th July 2017 in Brussels, where EU-Egypt Partnership Priorities will be adopted further to their agreement in December 2016. The new Partnership Priorities will set the basis for strengthening EU-Egypt cooperation for the coming three years, in areas of common interest and concern, notably economic reforms, governance, human rights, rule of law and efforts towards a more open society but also migration and security/counterterrorism, as well as closer dialogue and cooperation on regional issues. The report is available here and full press release here.
European Union reaffirms its leadership on worldwide efforts to achieve sustainable development
Commissioner for International Cooperation and Development Neven Mimica participates today in this year’s United Nations High Level Political Forum on Sustainable Development to reaffirm Europe’s global leadership in fighting poverty and supporting sustainable development. At this occasion, he will present to the international community the EU’s new joint approach to development cooperation, the new European Consensus on Development. The Consensus is a joint strategic document on the future of European development cooperation, which was agreed by all European institutions and all EU Member States to forge ahead on implementing the universal 2030 Agenda for Sustainable Development. At the heart of these efforts will be a reinforced cooperation with partner countries, the United Nations system, International Financial Institutions, civil society and the private sector. Commissioner Mimica commented: “The European Union and its Member States are determined to play a leading role in implementing the ambitious Sustainable Development Goals and eradicating poverty worldwide. Our new Consensus on Development lays down how we will do that, building on everything we have achieved during 60 years of development cooperation and promoting new, innovative and more effective types of partnerships. As the world’s biggest donor of development assistance, we also want to be the best, and to bring about real change in people’s lives.” The High Level Political Forum on Sustainable Development is the central UN platform to monitor progress towards the achievement of the 2030 Agenda for Sustainable Development and its 17 Sustainable Development Goals.
Antitrust: Commission sends Statement of Objections to Teva on ‘pay for delay’ pharma agreement
Today, the European Commission sent Statement of Objections to the pharmaceutical company Teva for breaching the EU antitrust rules. Under an agreement with Cephalon, Teva committed not to market a cheaper generic version of Cephalon’s drug for sleep disorders, modafinil, until October 2012. In exchange, Teva received a substantial transfer of value from Cephalon through a series of cash payments and various other agreements. In today’s Statement of Objections, the Commission takes the preliminary view that the transferred value served as a significant pay-for-delay inducement for Teva not to compete with Cephalon’s modafinil worldwide, including in the European Economic Area. Margrethe Vestager, Commissioner in charge of competition policy, said: “Market entry and competition by generic drugs is an essential element to improve the affordability of healthcare. In this case, our preliminary finding is that Teva and Cephalon broke EU antitrust rules by agreeing on Cephalon paying Teva to keep its cheaper generic version of Cephalon’s sleep disorder drug modafinil out of the market. It’s now up to the companies to respond to our concerns.”A full press release is available online in here
State aid: Commission concludes Dutch state guarantees on loans for energy saving projects involve no aid
The European Commission has found that a Dutch scheme granting guarantees to banks that issue subordinated loans to energy-saving projects does not involve state aid within the meaning of the EU rules. The objective of the Dutch “Energy Transition Financing Facility” is to improve access to finance for projects aiming at easing the transition to a low carbon economy, such as geothermal or energy savings in energy intensive industries, for which demand exceeds the supply that banks can offer. The Dutch scheme will guarantee those subordinated loans for up to 80% of the amount of the loan. The scheme is set to start in 2017, with a budget of €80 million for the first two years. The Commission found that the Dutch authorities will ensure a sufficiently high remuneration on the guarantees on such loans and will only issue guarantees on loans financing viable projects. Therefore, the Commission concluded that the guarantees do not constitute state aid to the banks, nor to the borrowers involved. More information will be available on the Commission’s competition website, in the public case register, under the case number SA.47416.
Mergers: Commission clears acquisition of Forties Pipeline System by INEOS
The European Commission has approved, under the EU Merger Regulation, the acquisition of Forties Pipeline System (FPS) of the UK and interests in the North and South Graben Area Export Lines (GAEL spurlines), by INEOS of the Isle of Man. FPS and GAEL spurlines are an integrated oil and natural gas liquids pipeline transportation and processing system located in the UK Northern North Sea. INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. The Commission concluded that the proposed acquisition would raise no competition concerns because of its limited competitive impact on the market. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8456.
Mergers: Commission clears acquisition of a parking facility in Berlin by Central and SIGNA
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control over Berlin, Passauer Straße 1-3 Immobilien GmbH & Co. KG (JVCo) of Germany, by Harng Central Department Store Ltd. (Central), of Thailand and a subsidiary of SIGNA Prime Selection AG of Austria. JVCo is the owner of a real estate property plot in Berlin that is currently occupied by a multi storey car park. Central is active through subsidiaries in merchandising, real estate, retailing, hospitality and restaurants activities primarily in Southeast Asia including Thailand, Indonesia and Vietnam. SIGNA is engaged in real estate activities, including purchase, rent, lease and management of land and buildings as well as project development. The Commission concluded that the proposed acquisition would raise no competition concerns because of the limited impact of the transaction on the relevant markets. The transaction was examined under the simplified merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.8500.
Concentrations: la Commission autorise l’acquisition de DomusVi par Intermediate Capital Group
La Commission européenne a approuvé, en vertu du règlement européen sur les concentrations, l’acquisition de CasaVita SAS et de ses filiales (groupe DomusVi ) de France, par Intermediate Capital Group (ICG) du Royaume-Uni. Le groupe DomusVi a pour activité la gestion et l’exploitation de maisons de repos médicalisées et non-médicalisées pour personnes âgées ainsi que la prestation de soins gériatriques en France et en Espagne. ICG est un gestionnaire d’actifs investissant dans les dettes privées, les marchés d’action et le crédit en Europe, en Asie -Pacifique et aux Etats-Unis. La Commission a conclu que la concentration envisagée ne soulèverait pas de problème de concurrence, dans la mesure où les deux entreprises ne sont pas actives sur le même marché ou sur des marchés liés ou complémentaires. La transaction a été examinée dans le cadre de la procédure simplifiée du contrôle des concentrations. De plus amples informations sont disponibles sur le site web concurrence de la Commission, dans le registre public des affaires sous le numéro d’affaire M.8546.
Vice-President Ansip and Commissioner Gabriel in Tallinn for a Council meeting and a conference on data economy
This week, Vice-President for the Digital Single Market Andrus Ansip and Commissioner for Digital Economy and Society Mariya Gabriel participate in Tallinn, Estonia in a Digital Single Market conference on data as well as in an informal meeting of the Competitiveness and Telecommunications Ministers. The one-day conference taking place today is dedicated to the free movement of data and the speakers discuss the key framework conditions that are necessary to enable the free data flows across borders and sectors in Europe following Commission’s announced measures earlier this year. Commissioner Gabriel opened the conference this morning with a speech that is available here. Vice-President Ansip will deliver the closing remarks of the conference in the afternoon. His speech will be available at 16:05 CET here. Later this evening Slovenian Minister for Public Administration Boris Koprivnikar, in the presence of Vice-President Ansip and Commissioner Gabriel, will sign the EuroHPC declaration on high-performance computing. Slovenia is becoming the ninth Member State signing the EuroHPC declaration, aimed at coordinating efforts with regards to high-performance computing. Discussions on the agenda of the Competitiveness and Telecommunications Council meeting taking place tomorrow, will concentrate on spectrum coordination and the development of the next generation of communication networks (5G). On the competitiveness side, the focus will be on public services and eGovernment.
NEWS IN FULL
DAILY NEWS 17 – 07 -2017