MEX 14 / 31.07
31 / 07 / 14
G-7 leaders joined yesterday in expressing their grave concern about Russia’s continued actions to undermine Ukraine’s sovereignty, territorial integrity and independence. “This week, we have all announced additional coordinated sanctions on Russia, including sanctions on specific companies operating in key sectors of the Russian economy. We believe it is essential to demonstrate to the Russian leadership that it must stop its support for the separatists in eastern Ukraine and tangibly participate in creating the necessary conditions for the political process.”, said G-7 leaders in a joint statement. “We remain convinced that there must be a political solution to the current conflict, which is causing rising numbers of civilian casualties. We call for a peaceful settlement of the crisis in Ukraine, and underline the need to implement President Poroshenko’s peace plan without any further delay.”
The euro area (EA18) seasonally-adjusted unemployment rate was 11.5% in June 2014, down from 11.6% in May 2014, and from 12.0% in June 2013. This is the lowest rate recorded since September 2012. The EU28 unemployment rate was 10.2% in June 2014, down from 10.3% in May 2014, and from 10.9% in June 2013. This is the lowest rate recorded since March 2012. These figures are published by Eurostat, the statistical office of the European Union.
Eurostat estimates that 25.005 million men and women in the EU28, of whom 18.412 million were in the euro area, were unemployed in June 2014. Compared with May 2014, the number of persons unemployed decreased by 198 000 in the EU28 and by 152 000 in the euro area. Compared with June 2013, unemployment fell by 1.537 million in the EU28 and by 783 000 in the euro area. European Commissioner for Employment, Social Affairs and Inclusion László Andor commented: “The unemployment figures for June 2014 confirm the first signs of economic recovery we have been seen in Europe over the past year. But while job destruction seems to have come to a halt, the reduction of unemployment has only been very modest so far. Our objective must be to create the right macroeconomic conditions for sustainable recovery and for Member States to implement structural reforms such as the Youth Guarantee to ensure that the recovery is job-rich. Only then will we see the creation of hundreds of thousands of jobs every month, and an end to these excessively high and unacceptable levels of unemployment.”
The Single Euro Payments Area (SEPA) creates a true European Single Market for retail payments in euro where and transfers, direct debits and payments between Member States are as easy and fast as the equivalent domestic transactions. It will become operational in all eurozone countries on 1st August 2014. It will also apply to euro-denominated transactions in non-eurozone countries from 30th October 2016. SEPA will greatly facilitate euro payments for citizens and businesses and increase competition between banks.
The European Commission has approved today the French Operational Programme to use the new Fund for European Aid to the Most Deprived (FEAD). France, the first Member State to have its FEAD programme adopted, will receive 499 million euros in current prices in the period 2014-2020 to support the provision of food aid to those most in need in the country (complemented with €88 million from national resources). Commissioner for Employment, Social Affairs and Inclusion, László Andor, commented: “I welcome the swift adoption of the French operational programme. The Fund for European Aid to the Most Deprived will play a key role to help Europe’s most vulnerable citizens with food or other basic goods. In many Member States severe material deprivation is on the rise and many households cannot afford a meal. I am looking forward to approving the programmes of all the other Member States, so that the rest of the 3.8 billion euros available can be put to the best use in our fight against poverty”.
Customs authorities in the EU detained almost 36 million items suspected of violating intellectual property rights (IPR) in 2013, according to the Commission’s annual report on customs actions to enforce IPR. Although this is less than previous years, the value of the intercepted goods still represents more than € 760 million. Today’s report also gives statistics on the type, provenance and transport method of counterfeit products detained at the EU’s external borders. See also the Q&A: MEMO/14/501 .
There are only a few minutes before your flight check-in closes, or before your train departs, but you now have to spend precious time hunting for a free space at the airport or station car park. Imagine leaving your vehicle at the main entrance and letting the car do the rest on its own. Researchers from Germany, Italy, the UK and Switzerland are working on this, and successful tests took place at Stuttgart airport earlier this year. €5.6 million of EU funding is invested in the system which will be available in the coming years. Vice President Neelie Kroes said: “We need to think ahead and find smarter ways to move, to save time, money and our environment. Who wouldn’t want to save time parking their car?“
Compromise found: Part of EU fleet can continue fishing in Mauritanian waters until end of 2014
EU vessels fishing shrimps and small pelagics in Mauritanian waters in the framework of the EU-Mauritania Fisheries Protocol will be able to continue to do so until 15 December 2014. This is part of the compromise which EU negotiators found last night in Nouakchott after the Mauritanian authorities had upheld the position that all EU vessels would have to leave Mauritanian waters as of 1 August 2014. According to the agreement found, Mauritania accepted EU fishing activities for a period of 24 months as part of the bilateral Fisheries Protocol, hence the shrimps and small pelagics fisheries which started in January 2013 can continue, whereas those EU vessels which had been fishing tuna and demersals since August 2012 during a transitional period will need to leave Mauritanian waters today. Furthermore, the EU and Mauritania agreed to continue the discussions for a renewed Fisheries Protocol so to allow the full EU fleet to resume their activities soon. More information
Euro area annual inflation is expected to be 0.4% in July 2014, down from 0.5% in June, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, services is expected to have the highest annual rate in July (1.3%, stable compared with June), followed by non-energy industrial goods (0.0%, compared with -0.1% in June), food, alcohol & tobacco (-0.3%, compared with -0.2% in June) and energy (-1.0%, compared with 0.1% in June).
La Commission européenne a conclu que certaines des mesures d’aide octroyées par la région wallonne à Val Saint-Lambert SA (VSL) ont conféré à l’entreprise un avantage indu sur ses concurrents, en violation des règles de l’UE en matière d’aides d’État. VSL doit à présent rembourser ce montant, majoré des intérêts, pour atténuer les distorsions de concurrence engendrées par l’octroi de ces aides incompatibles avec le marché intérieur européen.
Mergers: Commission approves acquisition of Pirelli’s steel tyre cord business by Bekaert
The European Commission has approved under the EU Merger Regulation the proposed acquisition of the steel tyre cord business of the Italian company Pirelli by its Belgian-based rival NV Bekaert SA. Steel tyre cord is used to reinforce radial tyres and has a major impact on their safety and performance. The Commission concluded that the acquisition would not raise competition concerns as the merged entity’s customers, which are large, multinational tyre companies, have countervailing buyer power which is further strengthened by over-capacity in the steel tyre cord market. In addition the Commission found that Bekaert will continue to face effective competition from a number of other strong competitors located outside the European Economic Area (EEA), in particular in Belarus, Korea and China. 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.7230 .
Mergers: Commission clears acquisition of Uniqa Life by Uniqa Insurance Group.
The European Commission has approved under the EU Merger Regulation the acquisition of Uniqa Life of Italy by the Uniqa Insurance Group (Uniqa) of Austria. Uniqa Life is a life insurance company active only in Italy, while Uniqa is an Austrian-based insurance group offering products and services in all insurance sectors (life, non-life, re-insurance) in a number of European Economic Area (EEA) countries. The Commission concluded that the proposed acquisition would not raise competition concerns given the very low combined market shares resulting from the transaction. 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.7298 .
Mergers: Commission clears acquisition of GEA’s heat exchanger business by private equity company Triton
The European Commission has approved under the EU Merger Regulation the acquisition of sole control over the German heat exchanger business of GEA by the private equity company Triton of Jersey. Triton invests in medium-sized businesses in Northern Europe, in particular in Austria, Germany, Switzerland, and the five Nordic countries. GEA’s heat exchanger business manufactures a broad portfolio of heat exchangers serving different applications such as power, climate and environment or oil and gas. The Commission concluded that the transaction would not raise competition concerns, because the overlaps between the activities of Triton’s portfolio companies and GEA’s heat exchanger business 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.7306 .
Mergers: Commission approves acquisition of Doeflex by INEOS in plastic compounding sector
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Doeflex Compounding Limited (Doeflex) of the UK by INEOS AG (INEOS) of Switzerland. Doeflex is a PVC compounder with a single manufacturing facility located in Swindon, UK, controlled by two individuals. INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. Among other activities, INEOS produces commodity S-PVC E-PVC, plasticizers and S-PVC compounds in the European Economic Area (EEA). The Commission examined the effects of the merger on competition in the area of S-PVC compounding and more specifically for the manufacture and sale of dry blended and gelled compounds in North Western Europe, Western Europe and the EEA. S-PVC compounds are intermediate products between S-PVC and end-products. They are obtained by blending additives such as plasticisers, heat stabilisers and pigments with S-PVC. S-PVC compounds are then further processed to produce end-products such as pipes, window and door frames, cables, etc. The Commission concluded that the transaction would not raise competition concerns because the merged entity would continue to face strong competition after the merger and customers would still have sufficient alternative suppliers in the market for S-PVC compounds and its sub-segments. The Commission found, in particular, that other strong players, such as Kem One, which recently acquired Solvay’s compounding business, and Begra will continue to compete with the merged entity in these markets. The Commission also found that in spite of the vertical links between INEOS’s upstream activities in S-PVC, E-PVC and plasticizers and its compounding business, the proposed transaction does not affect INEOS’s ability and incentives to shut out competitors from the S-PVC compounds market or customers from access to supplies because INEOS was already vertically integrated pre-transaction and the addition of Doeflex’s business has limited impact on the pre-existing situation because of its limited size. More information will be available on the competition website, in the Commission’s public case register under the case number M.7132 .
Mergers: Commission clears acquisition of Bull by Atos
The European Commission has approved under the EU Merger Regulation the acquisition of Bull S.A. by Atos S.E., both of France. Atos delivers IT services, including managed services, business process outsourcing, consulting & systems integration and cloud & enterprise software. Bull is active in the development of High Performance Computing (HPC) supercomputers and uprange servers, in the design, building and managing of data centres, HPC infrastructure and cloud computing solutions, in the consulting as well as integration and maintenance of critical business applications and in the design, consulting and integration of end-to-end security solutions. The Commission concluded that the proposed acquisition would not give rise to competition concerns, given the parties’ moderate combined market positions resulting from the proposed transaction and the presence of a number of strong players that are active on the respective 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.7308 .