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Europe Daily Bulletin No. 12540

1 August 2020
Contents Publication in full By article 3 / 26
ECONOMY - FINANCE / Economy
European Union’s GDP falls by almost 12% in second quarter of 2020
Brussels, 31/07/2020 (Agence Europe)

GDP in the EU and the euro area fell by 11.9% and 12.1% respectively in the second quarter of 2020 compared to the previous quarter, according to figures published on Friday 31 July by the Statistical Office of the European Union (Eurostat).

The figures are all the more stunning when compared with those for the second quarter of 2019, showing a contraction in GDP of 15% for the euro area and 14.4% for the EU. “These are by far the largest declines observed since the start of the time...

Contents

ECONOMY - FINANCE
COMPETITION: Commission clears Alstom’s acquisition of Bombardier, subject to conditions
COMPANIES: European Commission to promote more sustainable corporate governance in EU
ECONOMY: European Union’s GDP falls by almost 12% in second quarter of 2020
BANKS: European Banking Authority reschedules its bank stress tests for January 2021
EU RESPONSE TO COVID-19
HEALTH: Covid-19, European Commission completes exploratory talks with Sanofi for a possible vaccine
HEALTH: Commission wants to strengthen EU’s capacity to collect convalescent plasma for treatment of Covid-19
BUDGET: EU Council proposal on system of Own Resources to implement post-Covid-19 Recovery Plan
STATE AID: green light for €840 million German support to cover vouchers issued by travel operators
STATE AID: Covid-19, Commission approves €10 billion Spanish fund and €6 billion Italian aid
INSTITUTIONAL
RULE OF LAW: Reporters Without Borders call on European Commission to tackle unfair distribution of Hungarian State Aid to media
BETTER REGULATION: number of infringement proceedings will increase by 20% in 2019
SECURITY - DEFENCE
TERRORISM: EU extends restrictive measures by six months
CYBER SECURITY: United Kingdom and United States welcome adoption of sanctions by EU
SECTORAL POLICIES
HOME AFFAIRS: European Commission concludes that Member States are generally implementing European PNR Directive well
JUSTICE: European Commission wants to speed up digitalisation of EU's judicial systems in light of lessons learnt from Covid-19 crisis
ENERGY: Commission wishes to modify and green ‘Research Fund for Coal and Steel’
CLIMATE: Irish Supreme Court invalidates national carbon mitigation plan
ENVIRONMENT: Slovak Supreme Court prohibits licensing of small hydropower plant on Hron River
FOOD SAFETY: consultation on draft regulation on applications for authorisation and evaluation of feed additives
FISHERIES: European Commission updates anchovy catches in Portuguese waters
WOMEN: European Parliament committee chairpersons call on Poland not to leave Istanbul Convention
TRANSPORT: EIB to provide 35 million euros for installation of charging stations for hybrid and electric vehicles in Spain
SPACE: launch of new Copernicus mission to monitor carbon dioxide, CO2M
NEWS BRIEFS
FINANCE: BETTER FINANCE regrets that Commission’s latest economic stimulus package further reduces investor protection
SOCIAL: only 10 Member States have notified transposition of posted workers directive
YEMEN: EU welcomes release of members of Baha’i community