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European Commission Spokesman's Briefing for 99-12-10

Midday Express: News from the EU Commission Spokesman's Briefings Directory - Previous Article - Next Article

From: EUROPA, the European Commission Server at <http://europa.eu.int>

MIDDAY EXPRESS

News from the Spokesman's midday briefing

Nouvelles du rendez-vous de midi du Porte-Parole 10/12/1999b


CONTENTS / CONTENU

  • [01] Euro-zone GDP grew by 1.0% in the third quarter ; 2.3% compared to third quarter 1998
  • [02] La Commission autorise CVC Group à acquérir le contrôle exclusif du groupe Torraspapel
  • [03] EU secures better protection of ozone layer through stricter international control of harmful substances
  • [04] Michaele Schreyer welcomes Poland's efforts to prepare for membership

  • [01] Euro-zone GDP grew by 1.0% in the third quarter ; 2.3% compared to third quarter 1998

    (! embargo 12 am !) According to the first estimates by Eurostat, GDP grew by 1.0% in the third quarter of 1999 compared to the previous quarter both in the euro-zone and the European Union (EU15). Compared to the third quarter of 1998 GDP grew by 2.3% in the euro-zone and by 2.2% in EU15. The results of the euro-zone and EU15 for the third quarter of 1999 are mainly due to an acceleration in household final consumption expenditure (+0.8% for the euro-zone and EU15 respectively) as well as in gross fixed capital formation (+1.0% for the euro-zone and +0.9% for the EU15), compared to the previous quarter. The growth of the US economy accelerated, increasing by 1.4%, compared to 0.5% in the previous quarter. Japan's GDP dropped by - 1.0% after an increase of 1.0% in the second quarter of 1999.

    [02] La Commission autorise CVC Group à acquérir le contrôle exclusif du groupe Torraspapel

    La Commission européenne a autorisé, dans le secteur du papier couché sans bois, une opération par laquelle l'entreprise britannique CVC Group acquiert le contrôle exclusif du groupe espagnol Torraspapel. Etant donné que la part de marché combinée résultant de la fusion reste limitée, l'opération ne comporte pas de risque en matière de concurrence.

    [03] EU secures better protection of ozone layer through stricter international control of harmful substances

    The European Commission, in cooperation with Member States, succeeded in achieving significant strengthening of the controls on substances that deplete the ozone layer, at the Beijing Meeting of the Parties to the Montreal Protocol. The European Union had proposed a comprehensive and significant package of proposals for consideration by about 150 countries attending the meeting. The agreement in Beijing comes at the time when the ozone layer is reaching its most vulnerable state. Despite significant decrease in emissions of harmful substances world-wide, the level of depletion of the ozone layer is expected to remain at its maximum over the next two decades. This is because large amounts of ozone depleting substances continue to reach the ozone layer as a result of historical large scale emissions in the past. The controls agreed will help to avoid future harmful effects of high levels of UV radiation recently recorded in Europe.

    [04] Michaele Schreyer welcomes Poland's efforts to prepare for membership

    Michaele Schreyer, European Commissioner for Budget, has welcomed Poland's efforts to establish a counterpart to the European Anti-Fraud Office OLAF. "The largest candidate country and the most significant beneficiary of Phare funds has made a significant step forward and agreed to create a specific service for the protection of the Communities' financial interests. The success of this project which is cofinanced by the Phare programme with euro 3.5 million in 1999, is all the more important as it could serve as an example for other candidate countries in the anti-fraud field", Mrs Schreyer said during her two-days visit to Poland and after having discussed Poland's progress in budgetary and financial provisions with the Polish Deputy Prime Minister and Finance Minister, Leszek Balcerowicz.

    MIDDAY EXPRESS


    From EUROPA, the European Commission Server at http://europa.eu.int/
    © ECSC - EC - EAEC, Brussels-Luxembourg, 1995, 1996


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