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Europe Daily Bulletin No. 12435
Contents Publication in full By article 20 / 29
NEWS BRIEFS / State aid

Establishment of Dutch Venture Initiative did not violate EU rules

27/02/2020 (Agence Europe) – The European Commission concluded on Thursday 27 February that the establishment and financing of the Dutch Venture Initiative (DVI) from 2013 onwards does not violate EU state aid rules. DVI is a fund of funds structure, jointly initiated by the Dutch Ministry of Economic Affairs and Climate Policy (‘MoE’), the European Investment Fund (‘EIF’) and PPM Oost, a Dutch public development company. DVI invests in private equity funds that take stakes in small and medium-sized enterprises (SMEs). In September 2018, the Commission received a complaint alleging that the Dutch State had granted State aid to DVI in the form of compensation fees for certain services provided. The Commission found that no State aid had been granted. (LC)

Contents

BEACONS
BEACONS: Multiannual financial framework 2021-2027, the mismatch trap (2)
EXTERNAL ACTION
AFRICA: European and African Union Commissions determined to strengthen EU/AU Strategic Partnership
UNITED KINGDOM: London on offensive in view of upcoming trade negotiations with EU
TURKEY: EU sanctions two people linked to illegal drilling activities in Eastern Mediterranean
TURKEY: David McAllister calls for intensified dialogue
MONTENEGRO: Stabilisation and Association Parliamentary Committee co-chairs call for opposition’s boycott to end
SECTORAL POLICIES
COMPETITIVENESS: EU ministers concerned about impact of green transition on EU industrial competitiveness
COMPETITIVENESS: economic impact of coronavirus on agenda of informal meeting on 20 March
MIGRATION: future Pact on Migration will have to respond to crisis situations such as those in Greece today, Ylva Johansson tells MEPs
AGRICULTURE: private storage system for olive oil has proved its worth, according to Commission
ENVIRONMENT: 48 MEPs urge Commission to resist trade pressures threatening EU pesticide legislation
COURT OF JUSTICE OF THE EU
ENVIRONMENT: Greece fined for prolonged infringement of EU law on nitrate pollution
CONSUMERS: requiring a borrower to domicile their income in an account of bank which provided a loan infringes EU law, according to Advocate-General
CONSUMERS: flight delay resulting from a passenger's violent conduct does not trigger right to compensation, decrees Advocate General
SECURITY - DEFENCE
CYBERSECURITY: ENISA, ECB, Europol and financial institutions join forces to protect Europe's financial system
COUNCIL OF EUROPE
COUNCIL OF EUROPE: Commission against Racism is alarmed at situation in Europe
NEWS BRIEFS
EAST AFRICA: EU provides a further €10 million in aid to combat locust invasion
AGRICULTURE: EU favours Serbian accession to the Grains Trade Convention
STATE AID: €134 million of public support to promote rail transport interoperability in Czech Republic given green light
STATE AID: establishment of Dutch Venture Initiative did not violate EU rules
EIB: Poland’s Teresa Czerwińska appointed Vice-President of European Investment Bank’s Management Committee
BELARUS: cancellation of meeting between European Parliament delegation and Belarusian MEPs
CLIMATE: some 40 stakeholders call on Commission to include an emission reduction target of at least 55% by 2030 in its ‘climate law’
CLIMATE: a dozen civil society organisations call on EIB to stop financing fossil fuels
HUMAN RIGHTS: EU calls for an end to crackdown on civil society
JHA: Reintroducing internal EU border controls to deal with Covid-19 would be counterproductive, say European experts
FISHERIES: study to assess existing outlets for unwanted fish catches
RUSSIA: five years after murder of Boris Nemtsov, EU is still calling for a transparent investigation
SERBIA/KOSOVO: Mr Várhelyi confirms that Mr Lajčák will indeed be EU Special Representative