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European Commission - Daily News

Daily News 12 / 08 / 2016

Brussels, 12 August 2016

EU provides new humanitarian assistance to the former Yugoslav Republic of Macedonia after deadly floods

Today the European Commission has announced €150,000 in humanitarian assistance to support people affected by the recent flash floods and landslides in the former Yugoslav Republic of Macedonia. This follows EU support mobilised via the Civil Protection Mechanism for the country earlier this week. "The EU has stepped up its support to the former Yugoslav Republic of Macedonia at this time of need with new funding. We have increased our assistance to also cover basic humanitarian needs such as the provision of food and water to the affected communities," said Commissioner for Humanitarian Aid and Crisis Management, Christos Stylianides. On 8 August the former Yugoslav Republic of Macedonia activated the EU's Civil Protection Mechanism and a team of four experts have been deployed to help to assess the damages and provide recommendations in particular for the water and sewage systems that were heavily impacted by the floods. Six participating states (Austria, the Czech Republic, Greece, Hungary, Serbia and Slovakia) have also responded with emergency relief items coordinated through the Mechanism. In addition, the Commission is providing Copernicus satellite imagery to the emergency services operating in the affected areas. (For more information: Alexandre Polack – Tel.: +32 229 90677; Daniel Puglisi – Tel.: +32 229 69140)


EU celebrating International Youth Day

The European Commission welcomes today's International Youth Day (#YouthDay), and particularly its theme this year: Eradicating Poverty and Achieving Sustainable Consumption and Production. The European Commission is at the forefront of working towards a more sustainable world. Through its development cooperation efforts, the Commission is committed to supporting youth around the world. Its particular focus lies for example on strengthening education, vocational training and youth employment in our partner countries. Commissioner Neven Mimica, responsible for International Cooperation and Development said: "For the European Union it is a clear priority to strengthen youth all around the world. We want to make sure that young people are at the heart of global development efforts – because it is about their future life and their planet." Commissioner Tibor Navracsics, responsible for Education, Youth, Culture and Sports, added: ”Today, we celebrate Europe’s future. It is important that we empower young people, because it is the young generation, students and young professionals that will shape how Europe looks tomorrow – as a region, an economy and as a community of shared values and identities.” And the Commission is making a real impact in the field of education. Through Erasmus+ and the European Voluntary Service, it helps 200,000 young people to make a positive change in the world every year. (For more information: Alexandre Polack – Tel.: +32 229 90677; Christina Wunder – Tel.: +32 229 92256; Nathalie Vandystadt – Tel.: +32 229 67083; Joseph Waldstein – Tel.: +32 229 56184)


European Commission adopts implementing decision on EURIBOR benchmark

The European Commission adopted yesterday an Implementing Regulation establishing a list of ‘critical’ benchmarks, i.e. those indexes that are of particular importance for financial markets and consumer contracts. This enables supervisors to make use of certain provisions of the Benchmarks Regulation (EU 2016/1011) in advance of its entry into application in 2018. EURIBOR (Euro Interbank Offered Rate), one of the most important interest rate indexes in the EU, is the first to be included in the list established by today’s Implementing Regulation. The Commission will review and update this list regularly and will include, in due course, other benchmarks that fulfil certain criteria. This Implementing Regulation will ensure that supervisors are in a position to allow the continuation of ‘critical’ benchmarks where their cessation would have a severe adverse impact on market participants and undermine the functioning and integrity of markets. In particular, classifying EURIBOR as a ‘critical’ benchmark will facilitate supervisors in requesting data contributions from banks, if they deem it necessary to ensure the benchmark's representativeness. For more information, see here. (For more information: Annika Breidthardt – Tel.: +32 229 56153; Letizia Lupini - +32 229 51958).


Mergers: Commission opens in-depth investigation into proposed merger between Dow and DuPont

The Commission has opened an in-depth probe to assess whether the proposed merger of Dow and DuPont is in line with the EU Merger Regulation. The Commission will investigate further whether the deal may reduce competition in areas such as crop protection, seeds and certain petrochemicals. Commissioner Margrethe Vestager, in charge of competition policy, said: “The livelihood of farmers depends on access to seeds and crop protection at competitive prices. We need to make sure that the proposed merger does not lead to higher prices or less innovation for these products.” The proposed merger between Dow and DuPont, both of the US, would create the world's largest integrated crop protection and seeds company. It would also create a leading integrated producer of certain petrochemical products that are widely used in packaging and adhesive applications. A full press release is available in EN, FR and DE. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Giulia Komel – Tel.: +32 229 61175)


Mergers: Commission clears acquisition of Sisal by CVC

The European Commission has approved under the EU Merger Regulation the acquisition of the Sisal Group of Italy by CVC Capital Partners SICAV-FIS S.A. and CVC Capital Partners Advisory Group Holding Foundation (together "CVC") of Luxembourg.  The Sisal Group provides gambling and betting services in Italy. CVC provides investment advice to various funds and manages investments on their behalf. Sky Bet, one of CVC's portfolio companies, provides online gaming and betting services to customers in the Channel Islands, Finland, Gibraltar, Ireland, the Isle of Man and the United Kingdom. However, the Commission concluded that the proposed acquisition would raise no competition concerns, because the overlap between the companies' activities is minor and its impact on the market structure is 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 register under the case number M.8108. (For more information: Ricardo Cardoso – Tel.: +32 229 80100; Giulia Komel – Tel.: +32 229 61175)


EUROSTAT: Le PIB en hausse de 0,3% dans la zone euro et de 0,4% dans l’UE28

Au cours du deuxième trimestre 2016, le PIB corrigé des variations saisonnières a augmenté de 0,3% dans la zone euro (ZE19) et de 0,4% dans l’UE28 par rapport au trimestre précédent, selon l'estimation rapide publiée par Eurostat, l’office statistique de l'Union européenne. Au cours du premier trimestre 2016, le PIB avait crû respectivement de 0,6% et 0,5%. Un communiqué de presse est disponible en ligne. (Pour plus d'informations: Annika Breidthardt – Tel.: +32 229 56153; Annikky Lamp – Tel.: +32 229 56151)


EUROSTAT: La production industrielle en hausse de 0,6% dans la zone euro – En hausse de 0,5% dans l'UE28

En juin 2016 par rapport à mai 2016, la production industrielle corrigée des variations saisonnières a augmenté de 0,6% dans la zone euro (ZE19) et de 0,5% dans l'UE28, selon les estimations d’Eurostat, l’office statistique de l'Union européenne. En mai 2016, la production industrielle avait reculé respectivement de 1,2% et 1,1%. En juin 2016 par rapport à juin 2015, la production industrielle a progressé de 0,4% dans la zone euro et de 0,5% dans l'UE28. Un communiqué de presse EUROSTAT est disponible en ligne. (Pour plus d'informations: Ricardo Cardoso – Tel.: +32 229 80100; Maria Sarantopoulou – Tel.: +32 229 13740)


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