Executive Vice-President Margrethe Vestager, in charge of competition policy and responsible for the cluster Europe Fit for the Digital Age, said: “Europe's economy is open and closely interlinked to the rest of the world. If this is to remain a strength, we must stay vigilant. That is why we need the right tools to ensure that foreign subsidies do not distort our market, just as we do with national subsidies. Today's White Paper launches an important discussion on how to address effects caused by foreign subsidies. The Single Market is key to Europe's prosperity and it only works well if there is a level playing field.” Commissioner for the Internal Market, Thierry Breton, said: “With today's White Paper we deliver a key element for our vision of Europe's New Industrial Strategy based on competition, open markets and a strong Single Market. The level playing field in the Single market is at the heart of this initiative and will help our companies operate and compete globally and thus promote the EU's open strategic autonomy. As part of our Single Market rule book we need to prevent foreign subsidies from distorting procurement procedures and ensure that firms benefit from fair access to public contracts.” Commissioner for Trade Phil Hogan said “The EU is amongst the most open economies in the world, attracting high levels of investment from our trading partners. However, our openness is increasingly being challenged through foreign trade practices, including subsidies that distort the level playing field for companies in the EU. Along with other tools available at EU level such as foreign direct investment screening and trade defence measures, the White Paper is a welcome addition to the toolbox for our open strategic autonomy.” EU competition rules, trade defence instruments and public procurement rules play an important role in ensuring fair conditions for companies in the Single Market. Subsidies by Member States have always been subject to EU State Aid rules to avoid distortions. Subsidies granted by non-EU governments to companies in the EU appear to have an increasing negative impact on competition in the Single Market, but fall outside EU State aid control. There is a growing number of instances in which foreign subsidies seem to have facilitated the acquisition of EU companies or distorted the investment decisions, market operations or pricing policies of their beneficiaries, or distorted bidding in public procurement, to the detriment of non-subsidised companies. Moreover, the existing trade defence rules relate only to exports of goods from third countries and thus do not address all distortions caused by foreign subsidies granted by non-EU countries. Where foreign subsidies take the form of financial flows facilitating acquisitions of EU companies or where they directly support the operation of a company in the EU, or facilitate bidding in a public procurement procedure, there appears to be a regulatory gap. The White Paper therefore proposes solutions and calls for new tools to address this regulatory gap. In this context, it puts forward several approaches. The first three options (so-called “Modules”) aim at addressing the distortive effects caused by foreign subsidies (i) in the Single market generally (Module 1), (ii) in acquisitions of EU companies (Module 2) and (iii) during EU public procurement procedures (Module 3). These Modules may be complementary to each other, rather than alternatives. The White Paper also sets out a general approach to foreign subsidies in the context of EU funding. General instrument to capture distortive effects of foreign subsidies (“Module 1”) Module 1 proposes the establishment of a general market scrutiny instrument to capture all possible market situations in which foreign subsidies may cause distortions in the Single Market. Under this Module, the supervisory authority, which would be a national authority or the Commission, could act upon any indication or information that a company in the EU benefits from a foreign subsidy. If the existence of a foreign subsidy is established, the authority would then impose measures to remedy the likely distortive impact, such as redressive payments and structural or behavioural remedies. However, it could also consider that the subsidised activity or investment has a positive impact, which outweighs the distortion and not pursue the investigation further (the “EU Interest Test”). Foreign subsidies facilitating the acquisition of EU companies (“Module 2”) The first module could be complemented by Module 2, which is intended to specifically address distortions caused by foreign subsidies facilitating the acquisition of EU companies. This module aims at ensuring that foreign subsidies do not confer an unfair benefit on their recipients when acquiring (stakes in) EU companies, either directly by linking a subsidy to a given acquisition or indirectly by de facto increasing the financial strength of the acquirer. Under Module 2, companies benefitting from financial support of a non-EU government would need to notify their acquisitions of EU companies, above a given threshold, to the competent supervisory authority. The White Paper proposes that the Commission is the competent supervisory authority. Transactions could not be closed whilst the Commission's review is pending. Should the supervisory authority find that the acquisition is facilitated by the foreign subsidy and distorts the Single Market, it could either accept commitments by the notifying party that effectively remedy the distortion or, as a last resort, it could prohibit the acquisition. Under this Module, the Commission could also apply the EU Interest Test. Foreign subsidies in EU public procurement procedures (“Module 3”) Foreign subsidies could also have a harmful effect on the conduct of EU public procurement procedures. This issue is addressed under Module 3. Foreign subsidies may enable bidders to gain an unfair advantage, for example by submitting bids below market price or even below cost, allowing them to obtain public procurement contracts that they would otherwise not have obtained. Under this Module, the White Paper proposes a mechanism where bidders would have to notify the contracting authority of financial contributions received from non-EU countries. The competent contracting and supervisory authorities would then assess whether there is a foreign subsidy and whether it made the procurement procedure unfair. In this case, the bidder would be excluded from the procurement procedure. Foreign subsidies in the context of EU funding Finally, the White Paper sets out ways to address the issue of foreign subsidies in the case of applications for EU financial support. All economic operators should compete for EU funding on an equal footing. Foreign subsidies may however distort this process by putting the beneficiaries of such subsidies in a better position to apply. The White Paper proposes options to prevent such unfair advantage. Among others, in case of funding distributed through public tenders or grants, a similar procedure would apply as the one foreseen for EU public procurement procedures. Moreover, the White Paper emphasises the importance of ensuring that international financial institutions that implement projects supported by the EU budget, like EIB or EBRD, mirror the approach to foreign subsidies. Next Steps The White Paper is now open for public consultation until 23 September 2020. In light of the input received, the Commission will present appropriate legislative proposals to tackle the distortive effects of foreign subsidies on the Single Market. Background The European Council in its Conclusions of the meeting on 21 and 22 March 2019 tasked the Commission to identify new tools to address the distortive effects of foreign subsidies on the Single Market. In its Communication “A New Industrial Strategy for Europe” of 10 March 2020, the Commission confirmed that by mid-2020 it would adopt a White Paper on an Instrument on Foreign Subsidies, to address distortive effects caused by foreign subsidies within the Single Market.
Η Ελληνική Εταιρία Διοικήσεως Επιχειρήσεων (ΕΕΔΕ) στο πλαίσιο του Έργου “BalkanMed e-BP”, διοργανώνει το 1ο Διακρατικό Επιχειρηματικό Forum με Συναντήσεις B2B διάρκειας 2 ημερών, την Τρίτη 26 και την Τετάρτη 27 Φεβρουαρίου 2019, στο Συνεδριακό Κέντρο της ΕΕΔΕ «Γ. Κοντογεώργης» (Λ. Ιωνίας 200 & Ιακωβάτων 61, 111 44 Αθήνα) και προσκαλεί Έλληνες εκπροσώπους επιχειρήσεων & επιχειρηματίες με σκοπό την δημιουργία νέων συνεργασιών και επιχειρηματικών σχέσεων με εκπροσώπους επιχειρήσεων από τις χώρες που συμμετέχουν στο Έργο (Αλβανία, Βουλγαρία, ΠΓΔΜ και Κύπρος).
Brussels, 11 October 2019 / The Commission has published today a list of 20 regulated quarantine pests qualifying as priority pests, including Xylella fastidiosa, the Japanesebeetle, the Asian long-horned beetle, Citrus greening and Citrus Black Spot, whose economic, environmental and social impact on EU's territory is the most severe. Member States will have to launch information campaigns to the public, do annual surveys, prepare contingency plans, simulation exercises, and action plans for the eradication of these pests.
Despite the difficult global economic climate, European companies have continued to make good use of the opportunities created by the European Union's trade network - the largest in the world. In 2018 this network covered 31% of Europe's trade exchanges, a figure that is set to rise significantly (to almost 40%) as more trade agreements enter into force, according to the European Commission's annual report on the implementation of trade agreements released today. Overall, trade accounts for 35% of the EU's gross domestic product (GDP).
Brussels, 17 October 2019 / The European Vocational Skills Week 2019 taking place in Helsinki comes to an end. This year, 1,407 associated events and activities have been held across Europe so far and have helped the European Vocational Skills Week campaign to reach 2.5 million people, which is the highest number ever since the first edition in 2016.
The Investment Plan for Europe, the Juncker Plan, has played a key role in boosting jobs and growth in the EU. Investments by the European Investment Bank (EIB) Group backed by the Juncker Plan's European Fund for Strategic Investments (EFSI) have increased EU gross domestic product (GDP) by 0.9% and added 1.1 million jobs compared to the baseline scenario. By 2022, the Juncker Plan will have increased EU GDP by 1.8% and added 1.7 million jobs. These are the latest calculations by the Joint Research Centre (JRC) and the Economics Department of the EIB Group, based on financing agreements approved until the end of June 2019.
Brussels, 22 October 2019 The European Commission adopted today its latest report on steps taken by Bulgaria to meet its commitments on judicial reform, the fight against corruption and tackling organised crime, in the context of the Cooperation and Verification Mechanism (CVM).
Brussels, 22 October 2019 The European Commission has exceeded the target set by President Jean-Claude Juncker in 2014 committing that, by the end of his mandate, 40% of the Commission's middle and senior managers should be women. According to the latest data, female managers at all levels currently stand at 41%, up from 30% at the beginning of the mandate. This is an increase of 37%. The figure is even higher at the level of the most numerous managers in the Commission, the middle managers or Heads of Unit. At present, 42% of them are women, up from 31% when the Juncker Commission took office. These achievements place the Commission amongst the public administrations around the world with the highest share of women in leadership positions.
The fairgrounds is the largest in Southeast Europe with a total area of 352 000 square meters. It combines a comfortable base, up-to-date infrastructure and services that meet the highest standards in the exhibition industry and create a comfortable environment for the exhibitors. The fairgrounds offers excellent conditions for presentation of the companies and their products attractive locations for expositions of all kinds of goods demo zones for machinery in action advertising spots for effective messages full service for exhibitors and visitors organizing events with a different profile
Bulgarian Association of Traders of Agromachinery – BATA AGRO is a professional organization that brings together companies, authorized by the manufacturer to import and distributе self-propelled and attached agrotechnics in the territory of Bulgaria.
BG-ENVIRONMENT: Small Grant Scheme circular economy
European Union countries can now apply for additional funding via the Emergency Support Instrument to transport essential goods, medical teams and patients affected by the coronavirus. This comes in addition to support already available via the EU Civil Protection Mechanism and deliveries of protective equipment through rescEU.
Yesterday 17 thh June, The Commission has published its yearly Communication on the progress of management of fish stocks in the EU, which is based on data from 2018. This year's edition, “Towards more sustainable fishing in the EU: state of play and orientations for 2021”, reaffirms the Commission's strong commitment to promoting fisheries that are environmentally sustainable and economically viable, and shows the EU's progress in achieving that goal.
АРЧР има удоволствието да Ви честити първата година от създаването и стартирането на бизнес платформата! С пожелание за още много и все по-успешни бизнес начинания и реализирани съвместни проекти!
Under the scheme, companies will be entitled to compensation of the damages incurred in the form of direct grants. The compensation will cover up to 100% of the difference between the operating results of the company concerned during the compensation period and its operating results in a reference period before the coronavirus outbreak.
The Commission has yesterday proposed an EU budget of €166.7 billion for 2021, to be complemented by €211 billion in grants and approximately €133 billion in loans under Next Generation EU, the temporary recovery instrument aimed at mobilising investments and kick-starting the European economy.
Нови условия за средните предприятия, за да получат безвъзмездна помощ за преодоляване на последствията от коронавируса, предвиждат промени в процедура за подбор на проекти „Подкрепа за средни предприятия за преодоляване на икономическите последствия от пандемията COVID-19", качени за обществено обсъждане.
Във връзка с развитието на дейността си компанията „Астра Биоплант“ ЕООД в Сливо поле търси да назначи 25 работници в своите производствени центрове в Индустриална зона „Тегра“ и Сливо поле.
From establishing and managing patent portfolios, to supporting companies through funding rounds, takeovers, IPOs and product commercialisation, Reddie & Grose’s breadth of experience makes us the perfect partner for any company who wants intel
MedTecLIVE exhibition and MedTech Summit Congress & Partnering bring Europe's healthcare and medical technology experts to Nuremberg. Due to the Corona crisis the whole event will take place virtual.
Enterprise Europe Network Serbia with the support of its partners from North Macedonia, Montenegro, and Bosnia-Herzegovina and invites entrepreneurs, local stakeholders, and innovators to participate in B2B Matchmaking Event on July 1st, 2020.
Under the Patronage of Ministry of Commerce & Industry - State of Qatar
The virtual networking event is organised in the framework of NANOTEXNOLOGY 2020 Virtual and it will take place on the 8th of July 2020.The event is organised by PRAXI Network, coordinator of Enterprise Europe Network - Hellas.
The College presented on 8 July two EU strategies crucial for the implementation of the European Green Deal: the EU Strategy for Energy System Integration and the EU Hydrogen Strategy.
The European Commission has adopted a White Paper dealing with the distortive effects caused by foreign subsidies in the Single Market. The Commission now seeks views and input from all stakeholders on the options set out in the White Paper. The public consultation, which will be open until 23 September 2020, will help the Commission to prepare for appropriate legislative proposals in this area.
На 24 юни 2020 Комисията предложи бюджет на ЕС за 2021 г. на стойност 166,7 милиарда евро, който ще бъде допълнен с 211 милиарда евро под формата на безвъзмездни средства и приблизително 133 милиарда евро под формата на заеми по линия на Next Generation EU — временния инструмент за възстановяване, имащ за цел да бъдат мобилизирани инвестиции и да бъде даден тласък на европейската икономика. Годишният бюджет и Next Generation EU съвместно ще мобилизират през 2021 г. значителни по размер инвестиции, които ще послужат за преодоляване на непосредствените икономически и социални последици от пандемията от коронавируса, за даване на тласък на устойчиво възстановяване и за защита и създаване на работни места. Бюджетът е също така изцяло съобразен с ангажимента за инвестиране в бъдещето, за да се постигне една по-екологична, по-цифровизирана и устойчива Европа.