Eurostat: Second quarter of 2017 – Household real income per capita up in the euro area and in the EU28 – Real consumption per capita up in both zones
In the euro area, in real terms, household income per capita increased by 0.7% in the second quarter of 2017, after an increase of 0.1% in the previous quarter. Household real consumption per capita increased by 0.6% in the second quarter of 2017, after an increase of 0.2% in the first quarter of 2017. Full text available here
Commission gathers views on how to tax the digital economy fairly and effectively
The European Commission has launched a public consultation on how the EU can ensure that the digital economy is taxed in a fair and growth-friendly way. Taxing the digital economy has become an issue of pressing importance – politically and economically. Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: “Nobody can deny it: our tax framework does not fit anymore with the development of the digital economy or with new business models. Member States want to tax the huge profits generated by digital economic activity in their country. We need a solution at EU level, one which will deliver robust solutions for businesses and investors in the Single Market.” The Commission is particularly interested in gathering views on the main problems related to taxing the digital economy, for Member States and business. It also asks for feedback on possible solutions to these problems – both targeted, temporary measures and comprehensive long-term solutions. This public consultation will feed into the work underway on the digital taxation proposals for next year and runs until 3 January 2018. A press release is available here.
Investment Plan: €50 million to finance the construction of a new gas pipeline in Romania
The Juncker Plan has backed a €50 million European Investment Bank (EIB) loan to Transgaz to finance the construction of a new pipeline in Romania. The 478-kilometre pipeline will run between Podişor and Recaș. This agreement was made possible by the support of the European Fund for Strategic Investments (EFSI), the central pillar of the European Commission’s Investment Plan for Europe. The project demonstrates how the Investment Plan supports wider strategic objectives, beyond the promotion of jobs and growth. The project is of critical importance for the promotion of European energy market integration and the security of energy supplies in Romania and the wider region. EuropeanCommissionVice-PresidentValdis Dombrovskis, responsible for Financial Stability, Financial Services and Capital Markets Union, said: “Thanks to support from the Juncker Plan, the European Investment Bank is providing € 50 million to Transgaz to build a new 478-kilometre gas pipeline from Bulgaria to Austria via Romania and Hungary. This important cross-border project will increase competition, which is good for the consumer. It will also bring thousands of jobs to the region, which is the fundamental objective of the Juncker Plan. Combining EFSI financing with funds from the Connecting Europe Facility helped the project get off the ground. I would encourage other project promoters to look into the possibility of combining different sources of financing for their investment projects.” As of October 2017, the Investment Plan is expected to mobilise €240.9 billion across Europe, and just under €1 billion in Romania. Some 21% of these investments are in the energy sector. For more information about any of the projects and the latest Investment Plan results see the new Investment Plan website
Digital visionaries to win €150,000 in 2017 European Social Innovation Competition
Yesterday evening, the Commission awarded three projects with the Equality Rebooted prize. This year’s edition of the 2017 European Social Innovation Competition asked candidates to present digital innovation projects addressing inequality in Europe. The winners will receive each €50,000 for having successfully and impressively proven how digital technologies can improve people’s lives. Commissioner for Internal Market, Industry, Entrepreneurship and SMEs Elżbieta Bieńkowska, said: “Digitisation is changing how our societies and labour market function. It is important that we indeed reboot equality and ensure technology is used to make everyone in Europe benefit from the opportunities created by technological change. I therefore congratulate the three winners, which show creative potential to push for a truly inclusive economy and society.” The innovations awarded are a collaborative platform to build more sustainable homes and neighbourhoods (Buildx from United Kingdom), a multimedia tool for blind and visually-impaired people (Feelif from Slovenia) and peer-to-peer learning network (Saga from Netherlands). Digital inclusionis anchored also in the Digital Single Market strategy, through which the Commission supports accessible ICT solutions, assistive technologies, development of digital skills as well as increasing participation of disadvantaged people in the digital society. This is part of the Commission’s broader aim to enhance social inclusion of disabled persons, via initiatives such as our proposal to make products and services more accessible for them. The European Social Innovation Competition is organised since 2012 in memory of the Portuguese politician and social innovator Diogo Vasconcelos to convert the most innovative ideas into sustainable and transformative projects. Read more about the winners and the competition in this news item.
Mergers: Commission clears the acquisition of joint control over ASCN by Bosch and HASCO
The European Commission has approved under the EU Merger Regulation the acquisition of joint control over Bosch Automobile Steering (Nanjing) Co. Ltd. (“ASCN”) of China by Robert Bosch GmbH (“Bosch”) of Germany and Huayu Automotive Systems Company Ltd. (“HASCO”) of China. ASCN is a Bosch-subsidiary active in the production of power assisted steering gears, predominantly in China. Bosch is a supplier of technology and services for the automotive industry, as well as for the industrial technology, consumer goods, energy and building technology industries. HASCO is active in the development, production and sale of automotive components for a variety of car manufacturers and is controlled through SAIC Motor Corporation by the State-owned Assets Supervision and Administration Commission of the Shanghai Municipal Government. The Commission concluded that the proposed acquisition would raise no competition concerns given that the companies’ activities do not overlap in the EEA. 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.8651.
Mergers: Commission clears the creation of a joint venture by Evonik and DSM
The European Commission has approved the creation of a joint venture by Evonik Industries AG of Germany and Koninklijke DSM N.V. of the Netherlands. The joint venture will manufacture and sale an algae-based product intended to provide an alternative for other sources of Omega-3 fatty acids for the production of animal feed. Both Evonik and DSM are specialty chemical companies active -amongst others- in animal nutrition. The Commission concluded that the proposed transaction would raise no competition concerns because the expected activities and turnover of the joint venture in the EEA are limited. 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.8514.
First Vice-President Timmermans delivers a speech at the Vatican
This afternoon, European Commission First Vice-President Frans Timmermans will deliver an opening speech at the event “Christian contributions to the future of the European project“, organised by the Commission of the Bishops’ Conferences of the European Community (COMECE). The First Vice-President will discuss the important bridge building roles played by His Holiness the Pope and by the European Union, and will reflect on the Pope’s work to raise awareness of important global challenges such as migration and climate change. The First Vice-President – who leads the dialogue between the European Commission and churches and religious associations or communities – will say in his speech: “In Europe, our religions, our nations and our people all share common values…But despite our continent being united, our values are being challenged once again, by globalisation, by the 4thindustrial revolution, by climate change and by migration. These great upheavals are testing our bonds and the values we sometimes take for granted.” As part of the event, the First Vice-President will also participate in a number of panel discussions, and will be granted a private audience with His Holiness Pope Francis. The First Vice-President’s speech will be made available online this afternoon.
First Vice-President Timmermans visits Athens on Monday and Tuesday
European Commission First Vice-President Frans Timmermans has been invited to Athens, Greece on Monday and Tuesday by the Greek authorities. On Monday evening, the First Vice-President will deliver a keynote lecture entitled “Unity in Diversity: what Hellenic Europe teaches us” at the National and Kapodistrian University of Athens, where he will be awarded the title of Doctor honoris causa. First Vice-President Timmermans is also invited on Monday to receive the Grand Cross of the Phoenix from the President of the Hellenic Republic Mr Prokopios Pavlopoulos for his contribution to European and international politics, international relations and fundamental rights. On Tuesday, First Vice-President Timmermans is invited to receive the Medal of the City of Athens from the Mayor of Athens Mr Georgios Kaminis. The award ceremonies and the First Vice-President’s lecture will be available on EbS.
Commissioner Stylianides to visit Italy and discuss strengthening EU Civil Protection response
Commissioner for Humanitarian Aid and Crisis Management Christos Stylianides will visit Italy during 26-28 October. Yesterday in Rome he met with Mr Angelo Borrelli, the Head of Italy’s Civil Protection department and discussed how the EU can boost crisis response collaboration with Member States faced with natural disasters. The visit comes as President Juncker has tasked Commissioner Stylianides to put forward proposals this year to boost the EU’s Civil Protection Mechanism, following the many devastating natural disasters across Europe this past year. Commissioner Stylianides said: “Italy plays a strong and constructive role in crisis response at European level. It is a country that knows all too well the impact of natural disasters. We all have a common interest in strengthening EU Civil Protection response for the benefit of our citizens and therefore I am glad to be here to discuss and consult on this with the Italian authorities.” On 27 November the Commissioner is meeting with Foreign Affairs Minister Mr Angelino Alfano and Interior Minister Mr Marco Minniti. He will then speak at and take part in the two day international conference on “The Protection of Civilian Population in Warfare – The Role of Humanitarian Organisations and Civil Society” which will assess the role that humanitarian organizations play inprotecting civilians during armed conflicts and in safeguarding international humanitarian law.
Commissioner Hahn to visit Egypt
Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations, will visit Egypt from the 29 to the 31 October. Following the adoption of the EU – Egypt Partnership Priorities of July 2017, Commissioner Hahn is travelling to Cairo to discuss on how to implement these priorities, with a particular focus on the EU’s many activities supporting Egypt’s economic stabilisation. Ahead of the visit Commissioner Hahn said: “The European Union and Egypt are key partners facing many common challenges and sharing similar objectives. During my visit I will discuss concrete ways we can work together to implement the Partnership Priorities for the period 2017-2020, focussing our cooperation on shared interests. I will sign a range of EU funded projects supporting our shared priorities, to underline the EU’s commitment to invest in inclusive and sustainable growth and job creation to the benefit of the Egyptian people“. Commissioner Hahn is expected to meet with key interlocutors including President of the RepublicAbdel-Fattah el-Sisi, Prime Minister Sherif Ismail, Minister of Foreign Affairs Sameh Shoukry and Sahr Nasr Minister of Investment and International Cooperation, as well as representatives of civil society organisation and representatives of the business community. Videos and photos of the visit will be available on EbS.