10 Years Since The Start Of The Crisis: Back To Recovery

The global financial crisis began 10 years ago and led to the European Union's worst recession in its six-decade history. The crisis did not start in Europe but EU institutions and Member States needed to act resolutely to counter its impact and address the shortcomings of the initial set-up of the Economic and Monetary Union. [...]

Mergers: Commission approves acquisition of Banco Popular Español S.A. by Banco Santander

The European Commission has approved, under the EU Merger Regulation, Banco Santander's proposed acquisition of Banco Popular Español, S.A. The Commission concluded that the transaction would not raise competition concerns in the European Economic Area. Banco Santander and Banco Popular are universal banks, providing commercial, retail investment and wholesale banking services as well as insurance [...]

51Talk Attends the 2017 EdTech Asia Summit in Ho Chi Minh

Over the last weekend of July, some of the world's education leaders gathered at the EdTech Asia Summit in Ho Chi Minh to discuss where education is headed in the 21st century. 51Talk (or "China Online Education Group"), China's leading online education platform and the first from China listed on the NYSE, was invited to attend the summit alongside education industry [...]

Antitrust: Commission confirms unannounced inspections in the ethylene purchasing sector

The European Commission can confirm that on 16 May 2017 its officials carried out unannounced inspections at the premises of companies active in ethylene purchasing, in several Member States. The Commission has concerns that the companies concerned may have violated EU antitrust rules that prohibit cartels and restrictive business practices (Article 101 of the Treaty [...]

European Commission acts to preserve the rule of law in Poland

The European Commission acts today to protect the rule of law in Poland. The Commission substantiates its grave concerns on the planned reform of the judiciary in Poland in a Rule of Law Recommendation addressed to the Polish authorities. In the Commission's assessment, this reform amplifies the systemic threat to the rule of law in Poland already [...]

Antitrust: Commission sends Statement of Objections to Teva on ‘pay for delay’ pharma agreement

The European Commission has informed pharmaceutical company Teva of its preliminary view that an agreement concluded with Cephalon was in breach of EU antitrust rules. Under the agreement, Teva committed not to market a cheaper generic version of Cephalon's drug for sleep disorders, modafinil.   Margrethe Vestager, Commissioner in charge of competition policy, said: "Market entry [...]

Security Union: Cracking down on the illegal import of cultural goods used to finance terrorism

The European Commission has today put forward new rules to clamp down on the illegal import and trafficking of cultural goods from outside the EU, often linked to terrorist financing and other criminal activity. Today's proposal marks one of the final steps set out in the Commission's action plan to strengthen the fight against terrorism financing. [...]