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Business news and information from the European Union

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.

New EU trust label to make e-trading more reliable 24 June 2010, 22:03 CET
The European Parliament's Internal Market Committee approved today new proposals for a European trust mark to encourage cross-border e-trading by building consumer trust.

12 Member States warned to implement EU rules on shareholders' rights 24 June 2010, 22:03 CET
The European Commission is taking action against a twelve EU Member States in the area of public procurement and for late implementation of the Shareholders' Rights Directive.

EC tells UK to comply with EU data protection rules 24 June 2010, 22:01 CET
The powers of Britain's data protection authority need to be strengthened if they are to comply with the EU's Data Protection Directive, the European Commission said today.

Portugal must comply with Natura 2000 rules, warns EC 24 June 2010, 21:59 CET
The European Commission has requested that Portugal ensure coastal developments in sensitive natural areas are fully compliant with EU environmental protection law.

EU approves EUR 390m aid for Polish gas project 23 June 2010, 17:25 CET
The European Commission has authorised, under the EU state aid rules, the provision of state grants amounting to EUR 390 million for the construction or capacity increase of four underground gas storage sites in Poland.

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.