Daily News of 2014-01-07
European Commission - MEX/14/0107 07/01/2014
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EXME 14 / 07.01
07 / 01 / 14
News from the European Commission's Midday Briefing
Nouvelles du rendez-vous de midi de la Commission européenne
A common set of standards to improve consultation, participation and dialogue with partners such as regional, local, urban and other public authorities, trade unions, employers, NGOs and bodies responsible for promoting social inclusion, gender equality and non-discrimination during the planning, implementation, monitoring and evaluation of projects financed by the European Structural and Investment Funds (ESIF) has been adopted today by the European Commission. This European Code of Conduct on the Partnership Principle requires Member States to strengthen cooperation between their authorities responsible for spending EU structural and investment funds and project partners to help to ensure that this money is spent effectively. "We want to ensure that Member States work in constructive partnerships with representative stakeholders in the planning and implementation of programmes using European Structural and Investment Funds so as to maximise the impact of this money", said Commissioner Andor.
It is a source of frustration all too familiar to cultural and creative businesses across Europe. They painstakingly craft a solid business plan, but when they go to their bank and ask for a loan to turn their brilliant entrepreneurial idea into profitable venture, all but the biggest enterprises usually find the door firmly shut. A new study published today by the European Commission finds that a mismatch in supply and demand in the loans market means creative businesses are missing out on billions of euros in credit. In the next seven years, the financing gap could reach up to €13.4 billion, the study warns.
Euro area annual inflation is expected to be 0.8% in December 2013, down from 0.9% in November, 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 is expected to have the highest annual rate in December (1.8%, compared with 1.6% in November), followed by services (1.0%, compared with 1.4% in November), non-energy industrial goods (0.2%, stable compared with November) and energy (0.0%, compared with -1.1% in November).
In November 2013, compared with October 2013, industrial producer prices fell by 0.1% in both the euro area (EA17) and the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October prices decreased by 0.5% in both zones. In November 2013, compared with November 2012, industrial producer prices decreased by 1.2% in the euro area and by 1.0% in the EU28.