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Europe Daily Bulletin No. 12774

24 August 2021
Contents Publication in full By article 25 / 27
NEWS BRIEFS / Finance
European Commission consults on its draft statutory replacement rate for Swiss Franc LIBOR

23/08/2021 (Agence Europe) – The European Commission launched a public consultation, from 3 to 31 August, on a draft implementing regulation proposing a statutory replacement rate for the Swiss Franc LIBOR (CHF LIBOR), which will cease to be published on the 1 January 2022 (see EUROPE B12684A34). Thirty-five billion euros of CHF LIBOR mortgage contracts currently exist in the European Union, particularly in Poland, Austria, Slovenia, the Netherlands and France. “The lack of a clear and...

Contents

BEACONS
Beacons: Afghanistan – a cruel new challenge for the West
EXTERNAL ACTION
AFGHANISTAN: after fall of Kabul, EU and international community mobilise
UKRAINE: despite annexation by Russia, “Crimea is Ukrainian”, says EU
NICARAGUA: EU sanctions eight more Nicaraguan officials
EU RESPONSE TO COVID-19
ECONOMY: eight EU countries’ recovery plans receive pre-financing
HOME AFFAIRS: European Commission adopts equivalence decisions for five third countries with digital Covid-19 certificate
HEALTH: EU will be able to purchase up to 200 million doses of Covid-19 candidate vaccine developed by Novavax
HEALTH: seven potential treatments for Covid-19 are now under review by EMA
NEIGHBOURHOOD: EU to spend an additional €35 million on Covid-19 vaccination in Eastern Partnership countries
COHESION: more than half of REACT-EU initiative’s resources have already been mobilised
STATE AID: green light for new synthetic securitisation product for 22 Member States
STATE AID: green light for €550 million German aid to compensate Deutsche Bahn for damages suffered by DB Fernverkehr
STATE AID: European Commission approves €108 million in Danish aid for Bavarian Nordic’s research and development activities
SECTORAL POLICIES
MIGRATION: four Member States call on UN to engage with influx of migrants from Belarus
ENERGY: Berlin struggles to reassure Kiev over Nord Stream 2 pipeline
GMO: European Commission gives green light to ten GMO food and feed crops
AGRICULTURE: European Commission acts to boost farmers’ cash flow
AGRICULTURE: rules for labelling origin of meat remain relevant, according to consumers
TRANSPORT: European Commission launches initiative to boost combined transport
ECONOMY - FINANCE - BUSINESS
COMPETITION: investigation into a possible breach of standstill obligation in Illumina/GRAIL transaction
NEWS BRIEFS
CITIZENSHIP: European Commission registers citizens’ initiative for deposit system for plastic bottle recycling
COMPETITION: in-depth investigation into Facebook’s proposed acquisition of Kustomer
ECONOMY: euro area inflation at 2.2% in July
ENVIRONMENT: European Commission consults on revision of labelling rules for chemical substances
FINANCE: European Commission consults on its draft statutory replacement rate for Swiss Franc LIBOR
TAXATION: Barbados joins agreement on international corporate tax reform
JUSTICE: European Public Prosecutor’s Office investigates VAT fraud of over €14 million