JRC Director General called for integrating more science to support smart regulation and economic governance

The Joint Research Centre (JRC) Director stressed in a roundtable on "Scientific support to Internal Market" that the JRC stood ready to build on its current research and contribute, along with policy Directorates General, both to short and long term efforts to improve the functioning of the single market.

Read more …

A Commission's report shows the improvement of the protection from second hand smoke in the EU in 2012

The European Commission published a report that shows that in 2012 in 28% of Europeans were exposed to second hand smoke in bars in 2012 – down from 46% in 2009. In addition, the report dispels concerns about smoking bans impacting negatively on the revenues of bars and restaurants, by showing that the economic impact has been limited, neutral and even positive over time.

Read more …

The forecast shows that GDP in the EU is now bottoming out and economic activity is gradually accelerating

The European Commission published its winter forecast 2012-14 that shows the contrast between the improved financial market situation and the muted macroeconomic prospects for 2013 is to a large extent due to the balance-sheet adjustment process, which continues to weigh on short-term growth.

Read more …

MEPs and Council negotiators reached a provisional deal on proposed legislation for the safety of offshore oil and gas …

The European Parliament and the Council negotiators a political agreement on offshore legislation. Among the points agreed, the directive would require oil and gas firms to submit major hazard reports and emergency response plans and prove their ability to remedy any environmental damage caused, before could get a licence to drill. The European Parliament and Council are expected to formally approve the legislation in the coming months.

Read more …

The ECB earned a surplus of €2,164 million in 2012, compared with a surplus of €1,894 million in 2011

On 21 February, the Governing Council of the European Central Bank (ECB) approved the audited Annual Accounts of the ECB for the year ending 31 December 2012. The Governing Council decided to transfer as at 31 December 2012 an amount of €1,166 million to the risk provision, which increased it to the level of its present ceiling of €7,529 million. As a result of the transfer to the risk provision, the ECB’s net profit for 2012 was €998 million (2011: €728 million).

Read more …