European Commission and West African Economic and Monetary Union (UEMOA) join efforts to tackle food crisis


The European Commission and the West African Economic and Monetary Union (Senegal, Benin, Togo, Niger, Mali, Burkina Faso, Guinea Bissau and Ivory Coast) agreed to increase their collaboration in a number of sectors, including initiatives that can have a positive impact in food prices and regional integration. President of the Commission of the UEMOA, Soulaïma Cissé, met on the 7th and 8th of May, the Commissioner for Regional Policy, Danuta Hübner, and the Commissioner for Development and Humanitarian Aid, Louis Michel, to discuss concrete initiatives to strengthen economic and political cooperation between UEMOA and the European Commission. President Cissé also met EU Trade Commissioner Peter Mandelson, to discuss progress in the ongoing Economic Partnership Agreement between the EU and West Africa.

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EC sets up group of experts on financial education

On the 9th May 2008, the European Commission published its decision to set up a group of experts on financial education. The Commission issued a communication on Financial Education, which among other initiatives announced the setting-up of a group of experts with practical experience in financial education matters. The Commission highlighted that financial knowledge is very important within education.

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Territorial Challenges and Cooperation in a Wider Europe ESPON

EU Member States and countries neighbouring the Union will at the ESPON seminar “Territorial Challenges and Cooperation in a Wider Europe” take further steps in understanding and cooperating on territorial development dynamics within Europe between the 2-3 June 2008 in Portorož (Slovenia). The policy focus is territorial cohesion and a sustainable and balanced development.

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European Commission launches public consultation on the functioning of the EU Roaming Regulation

As of the 8th of May 2008, the European Commission invites feedback by industry, consumers and other interested stakeholders to review the functioning and effectiveness of the EU Roaming Regulation, which entered into force on 30 June 2007.

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The euros 10th birthday

As the EU celebrated the ten year aniversary of the the euro currency, adopted by the European Counil in 1998, Esolvakia received the go ahead to join the euro area in 2009.

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EC introduce unique trade measures part of European Union's Stabilisation process

The European Union has published a regulation from 7 May 2008 amending Council Regulation (EC) No 2007/2000 introducing exceptional trade measures for countries and territories participating in or linked to the European Union's Stabilisation and Association process. The regulation concerns import and export duties between vaious member states.

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Slovakia meets the criteria for adopting euro in 2009

The European Commission concluded, on the 7th May 2008, that Slovakia meets the criteria for adopting the euro and made a proposal to the Council to this effect. The regular Convergence Report on euro readiness, adopted by the Commission, shows that another nine countries, that were investigated, with a so-called 'derogation' have made progress on the road to the single currency, but do not yet meet all the conditions for euro adoption.

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Industrial producer prices up by 0.7% in euro area

Eurostat, the Statistical Office of the European Communities has released its most current figures from the EA 15 adn EU27.

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Budget 2009: highest spending for growth and employment

Long-term economic progress and employment remain firmly at the top of European Union spending, taking the biggest share – nearly 45% - of the proposed 2009 budget - a 3% rise on 2008.

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EU approves Heineken purchase of some Scottish and Newcastle assets

On 3 April 2008, the Commission decided not to oppose the above notified concentration between Heineken and some Scottish & Newcastle assets. The Ec also declared the merger to be compatible with the common market.

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