27 Oct 2014
EUROPEAN COMMISSION DAILY NEWS – 27 OCTOBERBrussels Daily
EU budget Commissioner Jacek Dominik will make a statement on the annual mechanical adjustment of member states’ gross national income (GNI) contribution to the EU budget, based on data provided by member states.
The different types of own resources of the EU budget and the method for calculating them are set out in a Council Decision on own resources ; they are adopted by member states at unanimity and ratified by each of them.
First formal Environment Council under the Italian Presidency will be held in Luxembourg on 28 October. The first environment point will be a public debate on the conclusions on reinforcing the environmental dimension of EU economic governance and the Europe 2020 Strategy, with a particular focus on resource efficiency and the circular economy. It will be followed by an orientation debate on the Commission’s proposal to review waste targets, which is part of a package on the ‘Circular Economy’ adopted by the Commission in July. Over lunch, ministers will discuss the climate-energy framework. The afternoon discussion will focus on the conclusions that are expected to be adopted at the Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC ‘COP 20’) which will take place in Lima, Peru, from 1 to 12 December.
Trilateral gas talks with Vice President Oettinger, Russian Energy Minister Novak and Ukrainian Energy Minister Prodan on Wednesday 29 October in Brussels
The next trilateral gas meeting between Commission Vice-President Oettinger, Russian Energy Minister Novak and Ukrainian Energy Minister Prodan will take place on Wednesday 29 October 2014 in Brussels. The meeting will be followed by a press point as of 18:00 CET (tbc, depends on duration of the meeting). For security reasons, media representatives without permanent accreditation to the EU Institutions have to register.
The household saving rate in the euro area was 12.9% in the second quarter of 2014, compared with 13.1% in the first quarter of 2014. In the EU28, the household saving rate was 10.4%, compared with 10.7% the previous quarter.
These data come from a detailed set of seasonally adjusted4 quarterly European sector accounts released by Eurostat, the statistical office of the European Union and the European Central Bank (ECB).
In the second quarter of 2014, the business investment rate was 21.6% in the euro area, stable compared with the first quarter of 2014. This was the result of stable investment while gross value added remained nearly stable (+0.1%). Total stocks (materials, supplies and finished goods) fell. In the EU28 the investment rate was 21.9% in the second quarter of 2014, stable compared with the previous quarter.
These data come from a detailed set of seasonally adjusted quarterly European sector accounts released by Eurostat, the statistical office of the European Union, and the European Central Bank (ECB).
Mergers: Commission clears joint venture between Irish electricity company ESB and Vodafone Ireland
The European Commission has approved under the EU Merger Regulation the creation of a joint venture between the Electricity Supply Board and Vodafone Ireland Limited. The Electricity Supply Board is controlled by the Irish State and owns Ireland’s electricity transmission and distribution systems. Vodafone Ireland is part of the Vodafone group and provides mobile and fixed telephony and broadband services in Ireland. The joint venture will build and operate a fibre-to-the-building broadband network to homes and businesses in parts of Ireland with a view to providing wholesale access on an open and non-discriminatory basis to this network as an input for various companies to provide retail services to end consumers. The Commission concluded that the creation of the joint venture would not raise competition concerns because it will lead to the creation of a new network and a new entrant in the market for the wholesale of local network access. Moreover, the joint venture will not have the ability and incentive to exclude rivals of Vodafone by preventing their access to the new network, because it lacks the market power to do so and because Vodafone’s rivals will still have access to other networks. The transaction was examined under the normal merger review procedure. More information is available on the Commission’s competition website, in the public case register under the case number M.7307 .
Today, in most developed countries, one in eight women will likely develop breast cancer during their lifetime. Boosting support for early detection, more effective treatments and better palliative care has been the focus of Breast Cancer Awareness Month this October. One promising avenue which a number of EU-funded research projects are taking is personalised medicine – adjusting treatment to a patient’s specific circumstances and condition.
What Commissioners said
Statement by the European Commission on the publication of the results of the EU-wide stress test by the European Banking Authority and the comprehensive assessment by the European Central Bank
Yesterday the European Commission welcomed the publication of the results of the EU-wide stress test and the comprehensive assessment, which represent the most intense scrutiny that banks have ever undergone in Europe. The process of repairing the EU banking system is ongoing and yesterday’s results allow remaining vulnerabilities to be identified. Where banks do not hold enough capital, measures must be taken in the coming weeks. The Commission will insist on the successful completion of this process in order to fully restore confidence in European banks so that they can again provide affordable lending to the real economy, to households and SMEs in particular. The Commission will also ensure that EU rules for banks are respected, in particular in respect of state-aid rules. The response to the stress test results in the eurozone marks the start of an operational Banking Union as the new Single Supervisor, the ECB, now has a full picture of the banks it will directly supervise as of 4 November.