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European Commission Spokesman's Briefing for 02-08-30

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>


CONTENTS / CONTENU

  • [01] LIFE-Environment: Commission grants €69 million for 109 environmental innovation projects
  • [02] Euro-zone inflation estimated at 2.1%
  • [03] Commission clears Dexia/Banco Popular joint control of Spain's Fortior Midday Express 30/08/2002 TXT: FR ENPDF:DOC:Midday Express 30/08/2002

  • [01] LIFE-Environment: Commission grants €69 million for 109 environmental innovation projects

    The European Commission has selected 109 new environmental demonstration projects for co-funding under the LIFE-Environment programme. These projects are co-funded to gain knowledge and experience to help develop and implement EU environmental legislation in the European Union and candidate countries. They will enable demonstration and development of new methods for the protection and the enhancement of the environment. This year's selected projects represent a total investment of around €213 million, to which LIFE-Environment will provide €69 million. Among the 109 projects selected, those relating to the sustainable management of water resources predominate. These projects cover waste water treatment, groundwater protection and river basin management.

    [02] Euro-zone inflation estimated at 2.1%

    Euro-zone annual inflation is expected to be 2.1% in August 2002, up from 1.9% in July 2002, according to a flash estimate issued today by Eurostat - the Statistical Office of the European Communities in Luxembourg. The euro- zone inflation is measured by the Monetary Union Index of Consumer Prices (MUICP). To compute the MUICP flash estimates, Eurostat uses early price information relating to the reference month from Member States for which data are available as well as early information about energy prices. The estimation procedure for the MUICP flash estimate issued today combines historical information with partial information on price developments in the most recent months to give a total index for the euro-zone. No detailed breakdown is available. Simulations have shown the procedure to be reliable (14 times correctly anticipating the full estimate, 8 times differing by 0.1 and 2 times differing by 0.2 - last time in April 2002 - over the last two years). Nevertheless a major structural change such as the introduction of the euro is likely to affect the performance of the estimation procedure. Thus the August 2002 flash estimate carries a greater uncertainty than past performance would indicate. Further information can be found in Eurostat news release N° 113/2001, 5 November 2001.

    [03] Commission clears Dexia/Banco Popular joint control of Spain's Fortior

    The European Commission has cleared a deal whereby Banque Internationale à Luxembourg (BIL), which belongs to the French-Belgian banking group Dexia, and Banco Popular Español acquire joint control of Spain's Fortior Holding S.A. Fortior deals with financial assessment, asset management, investment and pension fund management in Spain.(The deal, which was notified for clearance under the Merger Regulation on July 25, was examined under a simplified procedure).

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


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