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Business news and information from the European Union

Euro-MPs call for ban on food from cloned animals 07 July 2010, 22:39 CET
Euro-MPs renewed their appeal for a ban on food from cloned animals when they voted on novel foods legislation on Wednesday. They also demanded a moratorium on foods using nanotechnology until potential health risks can be ruled out.

Euro-MPs approve stricter rules on industrial emissions 07 July 2010, 22:39 CET
Clearer rules and cleaner air are among the aims of the Industrial Emissions Directive approved by the European Parliament on Wednesday. Stricter limits will apply for air pollution, for example, although EU Member States will have some flexibility to extend deadlines for power plants or waive the rules for other installations in special cases.

Euro-MPs propose 4-month limit on unemployment for young people 06 July 2010, 23:00 CET
A "European Youth Guarantee" to ensure that young people who are unemployed do not remain jobless for more than four months is among proposals made by MEPs in a resolution on improving access to the labour market for young people.

EU approves UK pension scheme NEST 06 July 2010, 22:59 CET
The European Commission has approved under EU State aid rules the establishment of an occupational pension scheme in the UK, branded NEST, in the UK to ensure that all employees have access to an affordable pension vehicle.

MEPs call for EU directive on biowaste 06 July 2010, 22:59 CET
Compulsory separate collection and recycling of biowaste should be a central plank of a new EU biowaste directive, said MEPs in a resolution adopted on Tuesday.

Euro-MPs call for equal rights for part-time and contract workers 06 July 2010, 22:58 CET
Any reform of labour law should seek to protect workers in "non-standard" employment, such as part-time or temporary work, and make it easier to move between various types of work and unemployment, says a resolution adopted by European Parliament on Tuesday.

EU approves acquisition of Círculo by Spanish media group Planeta 06 July 2010, 22:58 CET
The European Commission has cleared under the EU Merger Regulation the acquisition by the Spanish media group Planeta of joint control of the Spanish book club Círculo, currently a wholly-owned subsidiary of Bertelsmann.

Euro-MPs set to cut red tape in maritime transport 06 July 2010, 22:49 CET
Ships entering and departing from EU ports will no longer be subject to complex, repetitive administrative formalities thanks to a new directive approved by European Parliament on Tuesday.

MEPs set to approve EU-US bank data transfer agreement 03 July 2010, 00:49 CET
Four months ago, European Parliament rejected the EU-USA SWIFT bank data transfer agreement. This week, Euro-MPs should approve a new version of the text, after negotiating certain safeguards with the Council of Ministers and the US Treasury Department.

EU approves merger between IT companies Bell Micro and Avnet 03 July 2010, 00:48 CET
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Bell Micro by Avnet. Avnet and Bell Micro are both US-based distributors of information technology products.

EU to increase investor protection in EU investment fund market 03 July 2010, 00:48 CET
The European Commission has today completed a programme of improvements to the EU framework for investment funds. The new rules better empower investors by requiring a new standardised fund document, while also setting out in detail the high standards of conduct of business that investment fund managers must comply with.

EU reviews options for revised Market Abuse Directive 01 July 2010, 23:26 CET
The European Commission have launched a public consultation on the review of the Market Abuse Directive. Its objective is to consult financial market participants, governments, competent authorities and other stakeholders on the modifications to the Market Abuse Directive that the Commission is considering for its forthcoming legislative proposal.

EU approves Total's partial acquisition of Polimeri of Belgium 01 July 2010, 22:36 CET
The European Commission has cleared under the EU Merger Regulation the proposed sale of Polimeri's polystyrene business at Feluy, Belgium, to Total Petrochemicals Feluy S.A.

EU contract law to smooth Single Market for businesses 01 July 2010, 22:35 CET
The European Commission proposed today options for a more coherent approach to contract law. The goal is to bring more legal certainty for businesses and simpler rules for consumers.

EU moves a step closer to a Single Patent 01 July 2010, 22:33 CET
The European Commission presented today a proposal on translation arrangements for a future EU Patent, the final element needed for a single EU Patent to become a reality.

EU consults on implementation of Services Directive 30 June 2010, 17:22 CET
The European Commission is inviting interested parties to share their views on those aspects of national legislation which are being discussed by EU Member States in the "mutual evaluation process", forseen by the Services Directive, transposed in December 2009.

New EU organic logo comes into force on 1 July 30 June 2010, 17:20 CET
New EU rules on organic food labelling including the requirement to display the new EU organic logo, enter into force on 1 July, 2010. The so-called “Euro-Leaf” will now be obligatory on pre-packaged organic food products that have been produced in any of EU Member States and meet the necessary standards.

EU approves restructuring of Austrian bank BAWAG 30 June 2010, 17:08 CET
The European Commission has authorised under EU State aid rules a €550 million capital injection provided by Austria in favour of the BAWAG bank and approved a new restructuring plan of the bank.

EU clears extension of bank support measures in 4 Member States 30 June 2010, 17:07 CET
The European Commission has extended its authorisation under EU state aid rules until 31 December 2010 of the Dutch and Slovenian bank guarantee schemes and the Greek and Polish bank support measures.

EU approves bank support schemes in 4 Member States 29 June 2010, 23:46 CET
The European Commission has extended, under EU state aid rules, until 31 December 2010, guarantee schemes for banks in Ireland, Spain and Denmark and a liquidity scheme in Hungary. The extended schemes feature higher premiums to be paid by the banks for the guarantees and liquidity granted by the State.

EU okays bail-out of Spain's Caja Castilla-La Mancha 29 June 2010, 23:46 CET
The European Commission has authorised, under EU state aid rules, Spanish aid for the restructuring of Caja Castilla-La Mancha because it adequately addresses the problems that led to the bail-out of the bank in 2009 whilst avoiding undue distortions of competition.

Euro-MPs call for food price transparency 28 June 2010, 22:13 CET
New legislation is needed to ensure fair returns to farmers and transparent prices to consumers, by enforcing fair competition throughout the food supply chain, said the European Parliament's Agriculture Committee on Monday.

EU launches multilingual website on succession laws 28 June 2010, 22:09 CET
EU citizens living outside their home countries are confronted with different succession laws in the 27 EU Member States. To help citizens become better informed about these laws, the Council of the Notariats of the EU launched a website today in 22 EU languages plus Croatian.

EU approves Foxconn's acquisition of Sony's television production in Slovakia and Mexico 28 June 2010, 22:09 CET
The European Commission has cleared under the EU Merger Regulation the proposed acquisition by the Taiwanese company Foxconn of Sony entities producing televisions in Slovakia and Mexico.

New EU measures to ease access to structural funds 25 June 2010, 19:09 CET
The EU adopted yesterday new measures aimed at simplifying management rules for the structural and cohesion funds to help regions tackle the crisis. The changes should help to facilitate access to the funds and accelerate flows of investment at a time when public budgets are under pressure.