EC clears acquisition of OTP Garancia by Groupama

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of the Hungarian insurance company OTP Garancia by the French insurance and banking group Groupama. The Commission concluded that the operation would not significantly impede effective competition in the European Economic Area (EEA) or in any substantial part of it.

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EC approves proposed acquisition of Activision by Vivendi

The EC has cleared under the EU Merger Regulation the proposed acquisition of Activision Inc., a US publisher of game software, by Vivendi S.A. of France. The Commission concluded that the proposed transaction would not significantly impede effective competition in the European Economic Area ("EEA") or any substantial part of it.

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Sony/BMG concentration compatibility with the common market report

On the 16 April 2008 the European Commission published in th OJ (Official Journal of the EUropean Union) three texts account for three different prespectives concerning the concentration between Sony/BMG and its compatibilty with the common market and the functioning of the EEA Agreement. The concentration is otherwise known as Case COMP/M.3333 — Sony/BMG.

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Euro area annual inflation up to 3.6% EU up to 3.8%

According to the data released by Eurostat, the Statistical Office of the European Communities, the Euro area annual inflation was 3.6% in March 2008, up from 3.3% in February. A year earlier the rate was 1.9%. Monthly inflation was 1.0% in March 2008.

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Third budget amendment 2008

The Europea Commission have published the preliminary draft amending budget Nº 3 to the general budget 2008. The draft COM(2008) 201 final was published on 14th April 2008.

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Arrow Electronics, Inc. acquires LOGIX

On 8 April 2008, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking Arrow Electronics, Inc. (‘Arrow’, United States of America) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of Logix SA (‘Logix’, France) by way of purchase of shares.

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EU budget produces smallest surplus ever

In 2007, Member States' contributions to the European Union budget almost exactly matched the agreed spending for the year so that there was the smallest EU budget surplus ever with a 90% drop from 2000 and a steady 17% decrease from 2006.

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Community law on Public Procurement and Concessions to institutionalised PPP (IPPP)

In recent years, Public-Private Partnerships (PPP) have developed in many fields. The hallmark of this form of cooperation, which is generally geared to the longer term, is the role of the private partner, who is involved in the various phases of the project (planning, implementation and operation), who is intended to bear risks that are traditionally borne by the public sector and who often contributes to financing the project.

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United Kingdom Competitiveness and Employment Programme

Details of the new Operational Programme 2007-13  Competitiveness and Employment Programme taking palce various regions of the Unikted Kingdom. The Programmes are under the Competitiveness and Employment Objective, co-funded by the European Regional Development Fund (ERDF).

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Helping protect the Mediterranean Sea from pollution

The European Commission and the European Investment Bank today are presenting the results of a study on potential investments addressing pollution hotspots in Southern and Eastern Mediterranean countries. The study, undertaken as part of the Commission's Horizon 2020 Initiative designed to tackle the major sources of Mediterranean pollution by the year 2020, recognises the need for a programme to help the countries of the southern and eastern Mediterranean reduce the pollution they release into the sea.

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