EUROPEAN COMMISSION DAILY NEWS 20TH MAY 2019

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EUROPEAN COMMISSION DAILY NEWS 20TH MAY 2019
21 May 2019

EUROPEAN COMMISSION DAILY NEWS 20TH MAY 2019

Brussels Daily

Agriculture: Commission publishes overview of EU feed supply

The European Commission published today its latest ‘EU Feed Protein Balance Sheet‘, which provides a comprehensive overview of EU feed supply. The publication of this balance sheet is a direct follow-up of the report on the development of plant proteins in the European Union published in November 2018 to reflect on how to further develop their production in an economically and environmentally sound way. One of the report’s proposals was to improve market analysis and market transparency through better monitoring tools which led to the publication of an updated balance sheet presenting the feed supply, demand and trade of various protein sources and including roughage for the first time. The figures show a contrasting situation with a high self-sufficiency rate for products low in protein content, such as roughage, but low for products with high protein content, such as soya beans. Looking at the total EU use of feed consumption, about 80% of the feed is from EU origin, which is a positive trend. More information is available online.

Mergers: Commission clears acquisition of European and Thai Businesses of BRF by Tyson Foods

The European Commission has approved, under the EU Merger Regulation, the acquisition of European and Thai Businesses of BRF S.A., of Brazil, by Tyson Foods, Inc., of the USA. BRF’s European and Thai businesses are active throughout the poultry supply chain in Thailand, and import into and further process poultry meat in the European Economic Area. Tyson Foods is a multinational food company, which primarily operates in beef, pork, chicken and prepared foods. The Commission concluded that the proposed acquisition would raise no competition concerns, because the overlaps were limited and, after the transaction, a number of players would remain in 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.9300.

Commissioner Bieńkowska in Poland to discuss innovation and regional development

Commissioner Elżbieta Bieńkowska, responsible for the Internal Market, Industry, Entrepreneurship and SMEs continues her series of Citizens’ Dialogues. Today she is in Tarnów, Poland, to discuss innovation, regional development and EU regional policy. Together with Mr Roman Ciepiela, Mayor of Tarnów and Mr Marek Sowa, former Marshal of Lesser Poland she will debate the regional experience in light of 15 years of Poland’s membership in the EU and perspectives for the future. Since Poland’s accession to the EU the city of Tarnów has benefited from €3,7 billion of financing under the Juncker Plan set to trigger €18,3 billion in additional investments,over 300 projects co-financed by the European Regional Development Fund and 9 Cohesion Fund projects reaching a total of €541 million (see factsheet on EU support to Poland since 2004). The Juncker Commission has been working on strengthening the innovation potential and regional development across the EU. In 2016, it launched the Smart Specialisation Platform for industrial modernisation, with an objective to facilitate interregional cooperation while enhancing innovation and competitiveness. As part of the proposals for the next EU budget for the years 2021-2027 the Commission also proposed €100 billion for research and innovation and another €373 billion for the future Regional Development and Cohesion Policy.

Juncker Fund to mobilise almost €400 billion in investment after new projects approved

Following the latest meeting of the European Investment Bank (EIB) Board of Directors, the European Fund for Strategic Investments (EFSI) – the Juncker Fund – is now expected to trigger €398.6 billion in investments. As of May 2019, the deals approved under the Juncker Fund amount to €73.8 billion in financing and are located in all 28 Member States. Some 949,000 start-ups and small and medium-sized businesses (SMEs) are expected to benefit from improved access to finance. Currently, the top five countries ranked in order of investment triggered relative to GDP are Greece, Estonia, Bulgaria, Portugal and Latvia. The EIB has approved €54.3 billion worth of financing for infrastructure and innovation projects, which should generate €249.7 billion of additional investments, while the European Investment Fund, which is part of the EIB Group, has approved €19.5 billion worth of agreements with intermediary banks and funds to finance SMEs, which are expected to generate €148.9 billion of additional investments.

For more details see European Commission Daily News

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