State aid: Commission approves amended restructuring plan of Austrian bank ÖVAG

The European Commission has found the amended restructuring plan of Österreichische Volksbanken AG (ÖVAG) and the Volksbanken-Verbund (Verbund) to be in line with EU state aid rules. The Austrian Volksbanken sector consists of a central institute, ÖVAG, and the Verbund, which includes over 50 primary banks and other affiliates. The Commission concluded in particular that the amendments will fundamentally restructure the Austrian Volksbanken sector in order to make it viable in the long-term without further state support. The changes became necessary after an assessment by the European Central Bank (ECB) identified a capital shortfall.Read more

Aviation: certifying third country operators to cut red tape and boost air safety

Today, the Commission and the European Aviation Safety Agency (EASA) issued the first single air safety authorisations to 22 third country operators. These certifications will be valid throughout the EU. By 2016, all non-EU airlines wishing to fly to the EU will be required to hold such authorisation certifying their compliance with international safety standards. The objective of this new scheme is twofold: cutting red-tape by replacing today's maze of national authorisations with a single document and maintaining high level of aviation safety in Europe.Read more

Civil Society Day 2015 - preliminary report

State aid: Commission approves €270 million in investment aid for the expansion of the Port of Calais

The European Commission has found that public funding of €270 million to build a new cross‑Channel terminal in the Port of Calais is in line with EU state aid rules. new infrastructure furthers EU transport policy objectives without unduly distorting competition in the internal market. This is a good example of how Member States can boost infrastructure investments without damaging competition in the Single Market. This French project has attracted private funding in order to complete a project which could not have been started without this cooperation.Read more

'Europe in harmony'. German singing group win first prize in EESC choir/video competition

Delta Q' from Germany was awarded first prize in the 2015 European Economic and Social Committee's video and choir competition. took third prize. The three winners received their prizes from EESC vice-president Jane Morrice at the Award Ceremony in Brussels last night. Europe in Harmony has brought together a huge variety of backgrounds, all singing from the same song sheet!Read more

Romanian CEC Bank grants EUR 1.3 bln loans to support EU-financed projects

 
 
 

EC President appoints Romanian as special advisor on food security

Romanian investor and former tennis player Ion Tiriac will mark the US Independence Day, celebrated on July 4, with a parade of classic American cars. Ten cars from the Tiriac Collection gallery will take to the streets of Bucharest on this day. The parade will start at 11:00, at the Tiriac (.Read more

Romanian Central Bank governor: Deal with IMF and EC should continue

Romanian investor and former tennis player Ion Tiriac will mark the US Independence Day, celebrated on July 4, with a parade of classic American cars. Ten cars from the Tiriac Collection gallery will take to the streets of Bucharest on this day. The parade will start at 11:00, at the Tiriac (.Read more

Bucharest Airports Company ups investment budget sevenfold

Romanian investor and former tennis player Ion Tiriac will mark the US Independence Day, celebrated on July 4, with a parade of classic American cars. Ten cars from the Tiriac Collection gallery will take to the streets of Bucharest on this day. The parade will start at 11:00, at the Tiriac (.Read more

Finland challenges mystery nuclear investor

Finnish authorities have queried the participation of a Croatian firm in a nuclear project amid suspicion of Russian skulduggery. The company, Migrit Solarna Energija, popped up out of the blue on Monday (29 June) to say it has bought 9 percent of Fennovoima, a company which is building a nuclear reactor, Hanhikivi 1, in Pyhajoki, eastern Finland. It said in a press release: “The [Finnish] government condition for at least 60 per cent EU and EFTA [European Free Trade Association] ownership is thereby fulfilled”. It also said it has “received the approval of the Finnish authorities”. The reactor is to be supplied by Russian energy giant Rosatom, which owns 34 percent of Fennovoima. But Finland's economy minister Olli Rehn, a former EU commissioner, says nothing is yet approved and wants to know more about Migrit Solarna Energija, amid concerns it could be a Russian front designed to make sure the project goes ahead under Russian control.Read more