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Business news and information from the European Union

EU to investigate aid granted to SEA Handling of Italy 23 June 2010, 17:25 CET
The European Commission has opened an in-depth investigation into compensation for losses incurred by SEA Handling, an Italian groundhandling company operating at airports in Milan. The losses have been absorbed by the Italian authorities since 2002 through the public airport operator at Milan Malpensa and Milan Linate airports.

Euro-MPs call for more EU powers in the financial sector 22 June 2010, 23:24 CET
The European Parliament's Economic Affairs Committee passed today two resolutions, calling for legislation on remuneration in the financial service sector and on the management of cross-border banking crises.

EU approves acquisition of Mitgas by RWE of Germany 19 June 2010, 00:41 CET
The European Commission has cleared under the EU Merger Regulation the acquisition of Mitgas (Germany) by enviaM (Germany), which is wholly controlled by RWE of Germany.

EU okays conditionally DFDS acquisition of Norfolk 19 June 2010, 00:25 CET
The European Commission has approved under the EU Merger Regulation the acquisition of Norfolk, a ferry and cargo shipping provider in the North Sea, by DFDS of Denmark. The approval is conditional upon the conclusion by DFDS of a space charter agreement on routes between the UK and Denmark.

EU approves Procter & Gamble's Sara Lee acquisition 19 June 2010, 00:25 CET
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the Sara Lee Air Care business by Procter & Gamble, both of the US.

EU must enforce rail liberalisation, say MEPs 17 June 2010, 17:06 CET
The European Commission should launch infringement proceedings without delay against EU Member States who have not yet opened up their rail networks to competition, says the European Parliament in a resolution adopted on Thursday.

EU-US Open Skies: MEPs call for open markets 17 June 2010, 17:04 CET
The European Parliament regrets continuing US restrictions on EU companies' ownership of stakes in US airlines, calls for better protection of air passengers' personal data, and says airlines from both sides should be included in emission trading rules, in a resolution passed on Thursday.

Commission approves RBS Sempra sale to JP Morgan 17 June 2010, 17:02 CET
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of RBS Sempra Commodities LLP, the commodities trading arm of UK-based Royal Bank of Scotland, by JP Morgan Chase & Co.

EU approves Italian retail gas joint venture between A2A and Gazprom 16 June 2010, 23:07 CET
The European Commission has cleared under the EU Merger Regulation an Italian gas retail supply company between A2A Spa of Italy and Gazprom Germania GmbH, a subsidiary of Gazprom.

Airport scanners receive conditional support from EC 16 June 2010, 11:55 CET
The deployment and operation of airport scanners must be based on common standards, says the European Commission in a Communication out today. In a statement of conditional support for the scanners, it makes clear that EU Member States must also ensure compliance with European fundamental rights and health provisions.

EU aims for safer electric cars 15 June 2010, 23:57 CET
The European Commission proposed today to ensure that electric cars placed on the European market are safe and that consumers are protected against direct contacts with parts of the car under voltage.

Euro-MPs back new technology for storing product information 15 June 2010, 23:55 CET
The European Parliament gave its backing today to the development of an "internet of things", the new information technology which will allow all the information on a product to be stored, received and transmitted in wireless mode via a chip.

EU to tighten derivatives trading regulation 15 June 2010, 23:54 CET
Proposed EU rules on derivatives trading must be made clearer and tougher, so as to reduce speculative trading and ensure that as many derivatives as possible are traded through open channels that are subject to rules, the European Parliament said in a resolution adopted on Tuesday.

EU urges Member States to give a boost to small businesses 11 June 2010, 23:13 CET
The EU published today its annual SME report, estimating the loss of jobs in the SME sector over 2009 and 2010 to 3.25 million. The report stresses that EU Member States should take action to boost the small and medium enterprises sector in order to generate new employment opportunities.

EU approves acquisition of Tarmac of Germany 11 June 2010, 23:12 CET
The European Commission has approved under the EU Merger Regulation part of the proposed acquisition of the aggregate activities of Tarmac, part of the UK-based Anglo American group, by Eurovia, part of the French Vinci group.

Spain to label certain products in Braille 10 June 2010, 23:59 CET
At a Seminar on Consumer Safety in Palma de Mallorca Spain's Minister of Health and Social Policy, Trinidad Jiménez, said the Spanish Government is drawing up a decree for certain products to be labelled in Braille.

EU okays Latvian state aid for exporting firms 10 June 2010, 23:33 CET
The European Commission has authorised, under EU State aid rules, a measure adopted by Latvia to limit the adverse impact of the current financial crisis on exporting firms.

Bulgaria and Romania move a step closer to Schengen area 10 June 2010, 23:33 CET
Bulgaria and Romania have moved a step closer to having their border checks with the borderless Schengen area lifted. An EU Council decision that both comply with data security requirements for joining the "Schengen Information System" border control database was approved by the European Parliament's Civil Liberties Committee on Thursday.

New rules in the EU to provide high-quality cross-border healthcare 10 June 2010, 23:21 CET
EU Health Ministers today agreed on a draft directive which aims to facilitate the access to safe and high-quality cross-border healthcare and to promote cooperation on healthcare between member states.

Hungary Mining Act violates EU state aid rules: EC 09 June 2010, 17:13 CET
The European Commission has concluded that a 2005 agreement between the Hungarian government and the Oil and Gas Company MOL conferred a financial advantage on the company that cannot be exempted under EU State aid rules.

EU approves EUR 16m for new Fiat transmission unit 09 June 2010, 17:11 CET
The European Commission has authorised, under EU state aid rules, EUR 16 million of regional investment aid, which the Italian authorities intend to grant to Fiat Powertrain Technologies, a subsidiary of the Fiat Group, for the production of car transmissions in Verrone, Italy.

Euro-MPs urge application of common EU energy rules 09 June 2010, 17:08 CET
The EU should accelerate the application of common energy policy rules, and the policy itself must aim to improve competitiveness, security of supply and sustainability, concluded a joint meeting of over 250 MEPs and MPs from EU Member States in Brussels on Tuesday.

EU to strengthen cross-border cooperation on VAT fraud 08 June 2010, 20:15 CET
EU Finance Ministers today reached an agreement on a draft regulation which will enable EU member states to combine efforts in combating fraud with regard to value-added taxation (VAT).

Sustainable fishing practices cannot be postponed: European Commission 08 June 2010, 20:13 CET
The European Commission calls on EU Member States to urgently take action in implementing the EU 'Mediterranean Regulation', adopted in 2006, which aims to fight overfishing.

EU warns Italy on discriminatory pension age again 04 June 2010, 23:30 CET
The European Commission has issued on Thursday a new request to Italy to comply with a 2008 European Court of Justice ruling that different pensionable ages for male and female civil servants violate the principle of equal pay.