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European Commission Spokesman's Briefing for 98-07-17

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-Paroleb

17/07/98


CONTENTS / CONTENU

  • [01] Commission approves the acquisition of Macrotron by Ingram Micro Inc.
  • [02] Financial services : Commission proposes to improve and extend rules on collective investment undertakings
  • [03] Douanes : la Commission propose d'intégrer la Turquie dans le système commun des règles d'origine
  • [04] Visit of Hans van den Broek to Latvia and Lithuania (20-21 July 1998)
  • [05] Géorgie :la Commission approuve l'octroi d'une aide humanitaire d'un montant de 1,15 million d'Ecus

  • [01] Commission approves the acquisition of Macrotron by Ingram Micro Inc.

    The European Commission has approved an operation by which the US company Ingram Micro Inc. acquires the wholesale sector for information technology products of Macrotron, German subsidiary of the US company Tech Data. The concentration consists of the acquisition by Ingram of sole control over Macrotron, through the purchase of its entire capital stock. Ingram is a world leader in the wholesale distribution of IT products. Macrotron carries out the same activities as Ingram but the combined market shares achieved in the Member States in which they overlap do not raise competition concerns, given the presence of important players and several smaller ones, in what are largely fractionated markets.

    [02] Financial services : Commission proposes to improve and extend rules on collective investment undertakings

    Proposals to promote investor confidence and ensure a pan-European market for collective investment undertakings have been put forward by the European Commission. The proposals, which would amend an existing Directive, would tackle barriers in the growing European Union (EU) market for collective investment undertakings (representing more than 20% of EU GDP) while ensuring a high degree of investor protection. Collective investment undertakings (such as unit trusts and SICAVs), where investors' money is placed by a specialist fund manager in a diverse range of assets according to defined risk criteria, can offer investors without specialist knowledge a means of investing in financial markets. One proposal would allow new forms of collective investment undertakings such as funds investing in bank deposits and other liquid financial assets to sell their units across the EU. The other proposal would give management companies a single licence to operate throughout the Single Market and allow such companies to manage the assets of single private or institutional investors, including pension funds. It would also strengthen investor protection by providing for simplified prospectuses featuring more accessible and comprehensible information.

    [03] Douanes : la Commission propose d'intégrer la Turquie dans le système commun des règles d'origine

    La Commission européenne vient de proposer au Conseil des Ministres d'intégrer, à partir du 1er janvier 1999, la Turquie dans le système unique des règles d'origine pour les produits industriels. Ce pays fera ainsi partie de la vaste zone comprenant l'Union européenne, les pays d'Europe Centrale et Orientale, les Pays Baltes, les pays de l'Association Européenne de Libre Echange et l'Espace Economique Européen bénéficiant du "cumul pan-européen des règles d'origine", où les marchandises "originaires" peuvent circuler au bénéfice du traitement tarifaire préférentiel. Dans ce but, la Commission présente un paquet de propositions, visant également l'amélioration du fonctionnement de ce système, de manière à ce que le Conseil adopte une position commune à soumettre aux différents Comités prévus par chacun des accords commerciaux concernés.

    [04] Visit of Hans van den Broek to Latvia and Lithuania (20-21 July 1998)

    European Commissioner for External Affairs Hans van den Broek will visit Latvia and Lithuania on 20-21 July 1998 to discuss these countries' progress in preparing for European Union (EU) membership. Mr van den Broek will welcome the improved economic performance in both Latvia and Lithuania, as well as their efforts to adopt and implement EU rules and practices. Commenting on his visit, Mr van den Broek said : "Both Latvia and Lithuania have made great strides towards EU membership in the year since my last visit. They both know that much more needs to be done. The date of accession is in their hands ; the quicker they implement the necessary rules and reforms, the quicker they will join. I will be telling the two governments that the Commission is fully committed to doing everything in its power to speed up this process."

    [05] Géorgie :la Commission approuve l'octroi d'une aide humanitaire d'un montant de 1,15 million d'Ecus

    La Commission européenne a approuvé un programme d'aide humanitaire d'un montant de 1,15 million d'Ecus en faveur de Géorgiens déplacés par suite du conflit déclenché dans la république voisine d'Abkhazie. Cette aide, gérée par l'Office humanitaire de la Communauté européenne (ECHO), permettra à des organisations européennes de déployer un programme d'urgence au cours des trois mois à venir. Le conflit qui a éclaté en Abkhazie à la mi-mai a contraint des milliers de personnes de fuir en Géorgie. Plus de 30.000 d'entre elles ont été recueillies dans l'ouest du pays. Le projet considéré permettra de leur fournir de l'eau potable, des équipements sanitaires et une aide alimentaire de base.

    MIDDAY EXPRESS


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


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