Accordiing to the Court’s preliminary ruling, a price reduction announced in an advertisement must be calculated on the basis of the lowest price in the last 30 days.
The European Commission has adopted today an amendment of the so-called ‘de minimis’ regulation for the fishery and aquaculture sector (‘Fishery de minimis Regulation’). The revised regulation, which exempts small aid amounts from State aid control since they are deemed to have no impact on competition and trade in the Single Market, will enter into force 20 days after its publication in the Official Journal.
The European Green Bond is a voluntary standard that companies can use to raise financing from investors. To be able to do so, they have to demonstrate that they are funding legitimate projects aligned with the EU’s taxonomy. The new rules create a gold standard, which will improve transparency and trust among investors and thereby reduce the risk of greenwashing.
The European Commission has formally launched today an anti-subsidy investigation into the imports of battery electric vehicles (BEV) from China. The investigation will first determine whether BEV value chains in China benefit from illegal subsidisation and whether this subsidisation causes or threatens to cause economic injury to EU BEV producers. Should both prove true, the investigation will examine the likely consequences and impact of measures on importers, users and consumers
The European Commission has approved, under EU State aid rules, a €910 million Italian scheme made available in part through the Recovery and Resilience Facility (‘RRF’) to support agro-industrial development. The measure contributes to the achievement of the objectives of the Common Agricultural Policy by fostering a smart, competitive, resilient and diversified agricultural sector.
On Tuesday, MEPs approved a new law that asks more traffic data, such as speed limit or traffic restrictions, to be available in digital format. The new rules on intelligent road transport systems, already agreed with Council last April, seek to promote digitalisation in the transport sector and ensure wider data sharing between mobility apps in order to make mobility safer, more efficient and sustainable.
The Socialists and Democrats are appalled by the reports that the PiS government officials have been issuing thousands of visas to third country nationals in exchange for bribes. The corruption scandal undermines both the rule of law and free movement in the EU, one of the most tangible achievements of European integration.
On Tuesday, MEPs set out their position on the reform of the EU’s long-term budget, emphasizing the urgency of future-proofing the EU budget. Following the Commission’s proposal for a mid-term revision on the EU’s long-term budget, MEPs in plenary endorsed an extra €10 billion for the years 2024-2027, on top of the €65.8 billion proposed by the Commission.
The new trade instrument is primarily meant as a deterrent, but it will allow the EU to fight economic coercion and respond with its own countermeasures. With 578 votes to 24 and 19 abstentions. Parliament approved on Tuesday a new trade instrument to enable the EU to respond, in line with international law and as a last resort, should the EU or member states face economic blackmail from a foreign
Parliament approved new rules to protect EU workers from the health risks related to asbestos and to improve the early detection of asbestos. On Tuesday, plenary adopted with 614 votes in favour, 2 against and 4 abstentions a directive, already agreed with member states, that will decrease the occupational exposure limit of asbestos and calls for the use of more modern and accurate technology to detect the presence of thin
In its position on the European Media Freedom Act, adopted by 448 votes in favour, 102 against and 75 abstentions on Tuesday, Parliament wants to oblige member states to ensure media plurality and protect media independence from governmental, political, economic or private interference.
Bulgaria’s request is based on the need to factor in the downward revision of its maximum Recovery and Resilience Facility grant allocation, from €6.27 billion to €5.69 billion. The revision is part of the June 2022 update to the RRF grants allocation key and reflects Bulgaria’s comparatively better economic outcome in 2020 and 2021 than initially foreseen.
Spain’s REPowerEU chapter consists of a new reform, a scaled-up investment drawing on three existing measures, and seven new investments to deliver on the REPowerEU Plan’s objectives to make Europe independent of Russian fossil fuels well before 2030. These measures focus on diversifying away from fossil fuels, notably by accelerating the deployment of renewable energy, renewable hydrogen, decarbonising industry and investing in the value chain for the net-zero industry.
The EU will then be able to impose retaliatory measures on third countries that exert economic coercion on it or one of its member states. One example is the trade restrictions China imposed on Lithuania after it announced it was improving cooperation with Taiwan in June 2021. The new tool could also have been considered when former President Trump threatened to retaliate against the EU digital taxes.
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of Aasaal International Investment SAOC (‘Aasaal’) by the Oman Investment Authority (‘OIA’), both of Oman, and the Qatar Investment Authority (‘QIA’), of Qatar. The transaction primarily relates to the hotel and accommodatio sector in Oman.
The European Commission has approved, under the EU Merger Regulation, the acquisition of sole control of Novamont S.p.A. by Versalis S.p.A., both of Italy. The transaction relates primarily to the market of bioproducts and biochemicals from renewable resources.
In this context, the amendment to Bulgaria’s regional aid map approved today enables higher maximum amounts of aid to investments in regions experiencing a decrease in population. The maximum amounts of aid will increase from 50% to 60% of the eligible investment costs in the regions of Veliko Tarnovo, Ruse and Silistra. In Pernik, the maximum amounts of aid will increase from 20% to 25% until the end of 2024
In light of the damage caused by last summer’s catastrophic floods, Slovenia has decided to increase its amount of loans financing the plan, from €705 million to over €1 billion. Measures to be financed with the additional loans requested by Slovenia include the scaling-up of two investments of its original plan and the addition of three new investments in sustainable transport.
The EU Civil Protection Mechanism is based on cooperation and solidarity. This allows states to offer assistance to another state when it is struck by a disaster. Moldova has benefitted from the EU Civil Protection Mechanism to cope with a large-scale displacement triggered by Russia’s invasion of Ukraine. Earlier this year, the EU has also deployed 36 power generators to 30 hospitals across Moldova from its rescEU energy reserve. Additionally,
EU Ministers supported the need to strengthen the external dimension of EU migration policy. They emphasised that a coordinated combination of development assistance to fight against the root causes of migration, the fight against migrant smuggling, the development of more legal pathways as an alternative to illegal migration and a sustainable readmission and return policy (includes EU Commission and EU Parliament reactions).
The European Commission has approved, under the EU Merger Regulation, the acquisition of joint control of SD Worx NV by WorxInvest NV, both of Belgium, and CVC Capital Partners SICAV-FIS S.A. (‘CVC’), of Luxembourg. The transaction relates primarily to the sector of human resources and payroll solutions and services.
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