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EXME 13 / 21.08

DAILY NEWS

21 /08 / 13

EU-Egypt relations factsheet

An extraordinary Foreign Affairs Council was convened today 21 August on the situation in Egypt. This factsheet gives an overview of the different aspects of EU-Egypt relations.

In recent weeks, the EU deployed intense efforts to promote dialogue and a peaceful solution to the Egyptian crisis through its constant engagement with all parties. It reiterated on various occasions that Egypt needed a fully inclusive transition process, taking in all political groups, to reach free and fair elections and a civilian-led government. However, in August, events have unfolded in a tragic way, resulting in a dramatic loss of lives and many injured. The EU has expressed strong concern and has called on all parties to stop violence.

In the 2007-2013 financial period, the EU has made available more than €1 billion to Egypt under the European Neighbourhood Partnership Instrument (ENPI), which is the main financial instrument for providing assistance programmes to the region. In addition, during the EU-Egypt Task Force in November 2012, nearly €5 billion were pledged by the EU and associated financial Institutions (EIB and EBRD) as an additional overall package of long-term assistance to support Egypt in different frameworks.

EU and Egypt are also major trading partners in the Southern Mediterranean region.

Open access to research publications reaching 'tipping point'

The global shift towards making research findings available free of charge for readers—so-called 'open access'—was confirmed today in a study funded by the European Commission. This new research suggests that open access is reaching the tipping point, with around 50% of scientific papers published in 2011 now available for free. This is about twice the level estimated in previous studies, explained by a refined methodology and a wider definition of open access. The study also estimates that more than 40% of scientific peer reviewed articles published worldwide between 2004 and 2011 are now available online in open access form. The study looks at the EU and some neighbouring countries, as well as Brazil, Canada, Japan and United States of America.

Mergers: Commission clears acquisition of joint control over Club Mediterranée by AXA PE and Fosun

The European Commission has cleared under the EU Merger Regulation the acquisition of joint control over Club Mediterranée by AXA Investment Managers Private Equity of France and Fosun Luxembourg Holdings of Luxembourg, both private equity investors. AXA PE also controls undertakings engaged in the distribution of travel agency services. The Commission therefore assessed the effects of the proposed transaction on the market for distribution of travel agency services and on the market for supply of travel services, and came to the conclusion that the transaction would not raise competition concerns neither on each of these markets nor because of the vertical link between them. Indeed the merged entity will have very limited combined market shares. The operation has been examined under the simplified procedure. More information is available on the Commission's competition website in the public case register under the case number M.6973.


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