Brussels, Belgium, 05-12-2013 — /EuropaWire/ — The European Commission has fined 8 international financial institutions a total of € 1 712 468 000 for participating in illegal cartels in markets for financial derivatives covering the European Economic Area (EEA). Four of these … Read the full press release
Posted in Banks, Belgium, Business, European Union, Financial, Government, Investment, Law
Tagged Barclays, cartels, Citigroup, Competition, Deutsche Bank, EURIBOR scandal, European Economic Area, financial derivatives cartels, fines, forward rate agreements, Futures, interest rate derivatives, international banks, Joaquin Almunia, JPMorgan, LIBOR scandal, Options, RBS, RP Martin, SOCIÉTÉ GÉNÉRALE, swaps, The European Commission, transparency, UBS, € 1.71 billion
Brussels, Belgium, 26-11-2013 — /EuropaWire/ — The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Life Technologies Corp. by rival Thermo Fisher Scientific Inc., both US-based companies active in life science markets. Their activities overlap in the supply … Read the full press release
Posted in Business, European Union, Financial, Government, Healthcare, Investment, Law, Pharma & Biotech, Science
Tagged acquisition, Competition, divestments, EU Merger Regulation, European Economic Area, gene silencing products, Joaquin Almunia, laboratory instruments, Life Science, Life Technologies Corp., media and sera for cell culture, Mergers, polymer-based magnetic beads, The European Commission, Thermo Fisher Scientific Inc.
Brussels, Belgium, 20-11-2013 — /EuropaWire/ — The European Commission has decided that aid granted by France to ALSTOM and the Régie Autonome des Transports Parisiens (RATP) – through their joint subsidiary METROLAB – for the implementation of the research and development (R&D) … Read the full press release
Brussels, Belgium, 5-11-2013 — /EuropaWire/ — The European Commission has opened an in-depth investigation to assess whether the planned combination of the European chlorvinyls businesses of INEOS of Switzerland and Solvay of Belgium into a newly created joint venture was in line … Read the full press release
Posted in Belgium, Business, Chemicals, European Union, Government, Investment, Law, Management, Switzerland
Tagged bleach, EU Merger Regulation, European Commission, INEOS, Joaquin Almunia, joint venture, Mergers, PVC business, S-PVC, sodium hypochlorite, Solvay
Brussels, Belgium, 16-10-2013 — /EuropaWire/ — The European Commission has found that aid to four projects aimed at improving and expanding the Greek gas network complies with EU state aid rules. These projects aim at increasing the gas transmission capacity and security … Read the full press release
Posted in Energy, Gas & Oil, European Union, Government, Greece, Infrastructure & Utilities, Investment, Law
Tagged aid, Commission, DESFA, distorting competition, EU energy goals, EU internal market, EU state aid rules, European Commission, gas infrastructure, Greek gas infrastructure projects, Greek gas network, Greek state, Joaquin Almunia, reducing CO2 emissions, state aid
Brussels, Belgium, 02-10-2013 — /EuropaWire/ — The European Commission has concluded that a planned monetary compensation in favour of Simet SpA, which provides bus services to and from Calabria, is incompatible with EU state aid rules. By a judgment of March 2010, … Read the full press release
Posted in Automotive, Belgium, Business, European Union, Financial, Government, Italy, Law, Transportation & Logistics
Tagged Antoine Colombani, bus services, Calabria, Consiglio di Stato, EC, EU state aid rules, Joaquin Almunia, Maria Madrid Pina, public service compensation, Public Service Transport Regulation, Simet SpA, state aid
Brussels, Belgium, 02-10-2013 — /EuropaWire/ — The European Commission has decided that the aid granted by France to the motor vehicle manufacturer Renault to help it conduct the ‘HYDIVU’ research and development programme complies with the EU rules on state aid. The … Read the full press release
03-9-2013 — /EuropaWire/ — The European Commission has approved a plan to orderly wind down the Austrian bank Hypo Group Alpe Adria (HGAA). The Commission found that the plan presented by the Austrian authorities is compatible with EU state aid rules. Together … Read the full press release
Posted in Austria, Banks, Business, European Union, Financial, Government, Investment
Tagged Antoine Colombani, Carinthia, debt issuance programme, EU state aid rules, HGAA, Hypo Alpe Adria Bank-International, Joaquin Almunia, Klagenfurt, Maria Madrid Pina, Partizipationskapital, risk weighted assets, Tier-1 instrument capital injection
30-7-2013 — /EuropaWire/ — Following an in-depth investigation (see IP/13/392), the European Commission has concluded that restructuring aid of EUR 571.9 million granted by France to the PSA group is compatible with the internal market. In particular, the updated structuring plan will help to restore … Read the full press release
18-7-2013 — /europawire.eu/ — The European Commission has referred Greece to the European Court of Justice (ECJ) for failing to comply with two distinct Commission decisions that ordered Greece to recover incompatible state aid from three Greek casinos (see IP/11/635) and from … Read the full press release
Posted in Belgium, Business, European Union, Financial, Government, Greece, Law
Tagged Aluminium of Greece SA, European Court of Justice, Greek casinos, incompatible aid, Joaquin Almunia
17-7-2013 — /europawire.eu/ — The European Commission has found support granted by Latvia for the transformation of the Latvian Mortgage and Land Bank (MLB) to be in line with EU state aid rules. In particular, the sale of MLB’s commercial assets … Read the full press release
Posted in Banks, Business, European Union, Financial, Government, Latvia, Law
Tagged Competition, EU state aid rules, Joaquin Almunia, Latvian Mortgage and Land Bank, MLB, state aid, The European Commission
5-7-2013 — /europawire.eu/ — The European Commission has authorised a Swedish scheme to subsidise combined work-and-training contracts for young workers aged 15 to 24 (Vocational Introduction Employment) under EU State aid rules. The measure will contribute to the fight against youth … Read the full press release
Posted in Belgium, European Union, Financial, Government, Law, Sweden
Tagged Joaquin Almunia
4-7-2013 — /europawire.eu/ — The European Commission has opened an in-depth investigation to verify whether Polish plans to fund the conversion of the former military airport Gdynia-Kosakowo (Poland) into a civil aviation airport are in line with EU state aid … Read the full press release
Brussels, 20-6-2013 — /europawire.eu/ — The European Commission has imposed a fine of € 93,8 million on Danish pharmaceutical company Lundbeck and fines totalling € 52,2 million on several producers of generic medicines. In 2002, Lundbeck agreed with each of these … Read the full press release
Posted in Belgium, Business, Denmark, European Union, Financial, Government, Healthcare, Law, Pharma & Biotech, Society
Tagged anticompetitive agreements, antidepressant medicine, ANTITRUST, blockbuster antidepressant, citalopram, citalopram molecule, EU antitrust rules, fine, generic medicines, Generics UK, Joaquin Almunia, lump sums, Lundbeck, medicines, Merck KGaA, Patents, pharmaceutical company, Ranbaxy, Zoetis
Brussels, 19-6-2013 — /europawire.eu/ — The European Commission has adopted guidelines on how Member States can grant investment aid to companies in order to support the development of disadvantaged regions in Europe between 2014 and 2020. These guidelines are part of … Read the full press release
Brussels, 11-6-2013 — /europawire.eu/ — Antitrust: Commission proposes legislation to facilitate damage claims by victims of antitrust violations. The European Commission has adopted a proposal for a Directive on how citizens and companies can claim damages when they are victims of infringements … Read the full press release
Brussels, 6-6-2013 — /europawire.eu/ — The European Commission has found that investment aid totalling €7.75 million to finance an infrastructure project at Memmingen airport is in line with EU state aid rules. Memmingen airport is a small regional airport located in South … Read the full press release
Posted in Aviation & Aerospace, Belgium, European Union, Financial, Germany, Government, Infrastructure & Utilities, Law, Politics, Transportation & Logistics, Travel
Tagged AIRPORT, Bavaria, Competition, EU state aid rules, Free State of Bavaria, German airport Memmingen, investment aid, Joaquin Almunia, Memmingen, South Germany, state aid
Brussels, 29-5-2013 — /europawire.eu/ — Following an in-depth review, the European Commission has approved under the EU Merger Regulation the proposed acquisition of Mach of Luxembourg by Syniverse of the US. The approval is conditional upon the divestiture of Mach’s Data Clearing (“DC”) services … Read the full press release
Posted in Belgium, Business, European Union, Government, Investment, Law, Luxembourg, Technology, Telecom
Tagged acquisition, acquisition deal, Data Clearing, Data Clearing House, deal, EU Merger Regulation, European Economic Area, Joaquin Almunia, MACH, Mach's Data Clearing, Mergers, Near Trade Roaming Data Exchange, NRTRDE, Syniverse
Brussels, 27-5-2013 — /europawire.eu/ — Following an in-depth investigation (see IP/12/1338), the European Commission has approved under the EU Merger Regulation the proposed merger of Munksjö AB of Sweden and the label and processing paper business of Ahlstrom Corporation of Finland in the … Read the full press release
Posted in Belgium, Business, European Union, Financial, Finland, Government, Industrial, Investment, Law, Sweden
Tagged abrasive paper, abrasive products, Ahlstrom, Ahlstrom Corporation, Brussels, deal, décor paper, divestment, European Economic Area, heavy weight abrasive paper backings, Joaquin Almunia, label business, MERGER, Munksjö, Munksjö Oyj, Osnabrück, paper business, pre-impregnated paper, processing paper
Brussels, 17-5-2013 — /europawire.eu/ — The European Union and the Swiss Confederation have signed an agreement that will strengthen co-operation between their respective competition authorities, the European Commission and the Swiss Competition Commission. This is the fifth such agreement signed by the … Read the full press release
Brussels, 15-5-2013 — /europawire.eu/ — The European Commission has concluded that the proposed public co-financing of a new multiarena in Copenhagen, Denmark was in line with EU state aid rules. In particular, the Commission found that the public funding was both proportionate … Read the full press release
Brussels, 14-5-2013 — /europawire.eu/ — Vice President Almunia welcomes Visa Europe’s proposed commitments to significantly cut its inter-bank fees for credit card payments, to a level of 0.3% of the value of the transaction (a reduction of about 40 to 60%) and … Read the full press release
Posted in Banks, Belgium, Business, European Union, Financial, Government, Law
Tagged ANTITRUST, Competition, credit cards, EU antitrust rules, inter-bank fees, Joaquin Almunia, Visa Europe
Brussels, 14-5-2013 — /europawire.eu/ — The European Commission has concluded that a modification to Banco CEISS’ restructuring plan, opening the door for an acquisition of the bank by Unicaja Banco, is in line with EU state aid rules. In particular, the Commission … Read the full press release
Posted in Banks, Belgium, Business, European Union, Financial, Government, Investment, Law, Spain
Tagged acquisition, Banco CEISS, competition policy, EU state aid, European Commission, Joaquin Almunia, restructuring plan, state aid, Unicaja Banco
Brussels, 6-5-2013 — /europawire.eu/ — The European Commission has informed Motorola Mobility of its preliminary view that the company’s seeking and enforcing of an injunction against Apple in Germany on the basis of its mobile phone standard-essential patents (“SEPs”) amounts to an abuse … Read the full press release
Posted in Belgium, Business, European Union, Germany, Government, Internet & Online, Law, Technology, Telecom
Tagged ANTITRUST, Apple, Competition, court, dominant position, ETSI, EU antitrust rules, FRAND, FRAND royalties, GPRS, GSM, GSM standard, INNOVATION, intellectual property, intellectual property rights, Joaquin Almunia, licence, licensee, Motorola Mobility, patent infringements, patent licensees, Patents, SEPs, wireless communications
Brussels, 6-5-2013 — /europawire.eu/ — The European Commission has concluded that the proposed public co-financing of a new multi-purpose arena in Uppsala, Sweden was in line with EU state aid rules. In particular, the Commission found that the public funding was … Read the full press release
Posted in Art & Culture, Belgium, Business, Construction, European Union, Financial, Government, Law, Politics, Society, Sports, Sweden
Tagged arena, Competition, cultural facilities, EU state aid rules, investigation, Joaquin Almunia, Municipality of Uppsala, policy, public funding, sport facilities, state aid, Uppsala, Uppsala arena
Brussels, 3-5-2013 — /europawire.eu/ — The European Commission has authorised under EU state aid rules Belgian plans to compensate the Belgian postal incumbent bpost for discharging a series of public service obligations between 2013 and 2015. The Commission found the measures to … Read the full press release
Posted in Belgium, Business, European Union, Financial, Government, Law, Politics, Society
Tagged bpost, EU state aid rules, Joaquin Almunia, services of general economic interest, SGEI, state aid
Brussels, 3-5-2013 — /europawire.eu/ — The European Commission has formally proposed to the Netherlands to abolish the exemption from corporate tax granted to Dutch public undertakings. The Commission considers that public companies that carry out economic activities in competition with private companies … Read the full press release
Posted in Belgium, Business, European Union, Financial, Government, Law, Netherlands, Politics, Society
Tagged Amsterdam, Bank of Industry LIOF, competition policy, corporate tax, Dutch Corporate Tax Law, Dutch National Lottery, Dutch public companies, Dutch public undertakings, Dutch Tax Law, EU state aid rules, Holland Casino, Joaquin Almunia, Maastricht's airport, port of Rotterdam, publicly owned companies, Schiphol airport, selective tax exemption, state aid, TAX, tax exemption, Tax Law, tax laws, TFEU, Twinning Holding
Brussels, 1-5-2013 — /europawire.eu/ — The European Commission has launched the third and final public consultation in its review of the state aid criteria it uses to assess Member States’ support schemes for films and other audiovisual works. The criteria are set out … Read the full press release
Posted in Art & Culture, Belgium, Business, Entertainment, European Union, Financial, Government, Investment, Law, Media, Politics, Society
Tagged audiovisual works, competition policy, cultural diversity, EC, European audiovisual sector, European cinema, film production, film support, film support rules, films, grants, Joaquin Almunia, soft loans, state aid, state aid criteria, tax incentives, The European Commission
Brussels, 23-4-2013 — /europawire.eu/ — The European Commission has opened an in-depth investigation under the EU Merger Regulation into the proposed acquisition of Olympic Air by Aegean Airlines. The companies are the two main Greek airlines offering passenger air transport services on … Read the full press release
Posted in Aviation & Aerospace, Belgium, Business, European Union, Financial, Government, Greece, Law, Transportation & Logistics, Travel
Tagged acquisition, Aegean Airlines, airlines, Alexandroupolis, Athens, Athens International Airport, Chania, Competition, competitor, Corfu, deal, domestic Greek routes, EC, EEA, Greece, Greek airlines, Heraklion, investigation, Joaquin Almunia, Kos, Merger Regulation, Mergers, monopoly, Mytilene, Olympic Air, passenger air transport, passengers, poorer service, price increases, Rhodes, Santorini, strong market position, Thessaloniki, ticket prices, tourist destination, travellers
Brussels, 18-4-2013 — /europawire.eu/ — The European Commission has opened an in-depth investigation into the proposed UK video games tax relief. The objective of the measure is to provide an incentive to video games developers to produce games meeting certain cultural criteria. … Read the full press release
Posted in Art & Culture, Belgium, Business, Entertainment, European Union, Financial, Government, Internet & Online, Law, Technology, United Kingdom
Tagged 25% tax relief, Competition, cultural criteria, games, games with cultural content, Joaquin Almunia, SA.36139, state aid, State Aid Register, subsidies, subsidising, TAX, tax relief, taxpayer, UK video games tax relief, video games, video games developers
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