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Daily News – 31.08.2015

European Commission - Daily News

Daily News 31 / 08 / 2015

Brussels, 31 August 2015

EUROSTAT: Euro area annual inflation stable at 0.2%

Euro area annual inflation is expected to be 0.2% in August 2015, stable compared to July 2015, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, food, alcohol & tobacco (1.2%, compared with 0.9% in July) and services (1.2%, stable compared with July) are expected to have the highest annual rate in August, followed by non-energy industrial goods (0.6%, compared with 0.4% in July) and energy (-7.1%, compared with -5.6% in July). A press release is available here. (For more information: Annika Breidthardt – Tel.: +32 229 56153; Annikky Lamp – Tel.: +32 229 56151)

State aid: Commission clears Danish support for energy intensive users

The European Commission has approved a Danish support scheme aimed at partially compensating energy-intensive users for the payment of a tariff that finances renewable energy support. The scheme has a maximum annual budget of DKK 185 million (around €24.8 million) and provides compensation for up to 85% of the relevant payments. Denmark requires that in return beneficiaries of the scheme enter into energy efficiency agreements. The Commission concluded that the measure would maintain the competitiveness of energy-intensive industries without unduly distorting competition in the Single Market, in line with EU state aid rules, in particular the Commission's energy and environmental state aid guidelines. More information will be made available on the Commission's competition website in the public case register, under the case number SA.42424, once confidentiality issues have been resolved. (For more information: Ricardo Cardoso – Tel. +32 229 80100; Yizhou Ren – Tel.: +32 229 94889)

Mergers: Commission clears acquisition of Fokker by GKN

The European Commission has approved under the EU Merger Regulation the acquisition of Fokker Technologies of the Netherlands by GKN of the United Kingdom. GKN is a global engineering business that supplies engine components and aerostructures (fuselage parts, wings parts and empennage parts) for civil and military aircraft, along with repair and maintenance services. Fokker is an aerospace company producing aerostructures, landing gears and electrical systems for civil and defence aircraft. The Commission concluded that the proposed acquisition would not raise competition concerns because the overlaps between the companies' activities are very 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 registerunder the case number M.7676. (For more information: Ricardo Cardoso – Tel. +32 229 80100; Carolina Luna Gordo – Tel.: +32 229 68386)