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Image header Agence Europe
Europe Daily Bulletin No. 13300
Contents Publication in full By article 26 / 33
NEWS BRIEFS / State aid

European Commission approves amendment to Polish measures to facilitate resolution of Getin Noble Bank

24/11/23 (Agence Europe) – On Friday 24 November, the European Commission announced that it had approved a modification to the support measures initially granted by Poland in October 2022 as part of the resolution of Polish bank Getin Noble Bank SA (see EUROPE 13034/9). Following the bank’s resolution, its main assets and liabilities were transferred to a new bridge bank. The measures were designed to enable a rapid and orderly sale of the bridge bank. In November 2023, Poland notified the Commission of its intention, in order to facilitate the sale of the bridge bank, to create a portfolio of bridge bank assets with a nominal value of approximately €1.36 billion (PLN 6.5 billion). This portfolio will be transferred to an Asset Management Venture controlled by the Polish resolution authority, Bankowy Fundusz Gwarancyjny, which has already launched a sale procedure. (EV)

Contents

EXTERNAL ACTION
CANADA: EU and Canada strengthen their bilateral cooperation in several priority areas
MIDDLE EAST: EU welcomes start of truce allowing release of Israeli hostages and delivery of humanitarian aid to Gaza
CHINA: US-China summit has paved way for economic discussions at next EU-China summit, according to an analysis by Bruegel
TRADE: bilateral trade relations, including with United States, and 13th WTO Conference on agenda of EU countries
ECONOMY - FINANCE - BUSINESS
BANKS: banking crisis management, work at EU Council focused on financing of resolution
ECONOMY: European Commission gives green light to revised Italian recovery plan
FINANCE: ‘PSD3’ directive, Spanish Presidency of EU Council clarifies provisions relating to applications for authorisation
STATE AID: Commission approves extension of Slovakian measure to support workers affected by coal mine closure
COMPETITION: Commission does not object to asset disposals within Ferrovie dello Stato group or to part of compensation for Trenitalia
SECTORAL POLICIES
ENVIRONMENT: air quality, more than 250,000 premature deaths per year due to fine particles could be avoided in EU, according to EEA and European Commission
HEALTH: open strategic autonomy and pharmaceutical package on EU Council agenda on 30 November
ANIMAL HEALTH: MEPs call on European Commission to take action against illegal puppy trade
AGRICULTURE: European wine sector criticises new rules on nutritional labelling
RESEARCH: European Member States will examine implementation of European Research Area Policy Agenda
ENERGY: Kadri Simson welcomes forthcoming finalisation of regulatory framework for hydrogen infrastructure
ENERGY: Kadri Simson recognises South Africa’s potential for renewable hydrogen production
CLIMATE/ENERGY: for European Hydrogen Bank’s first auction, Wopke Hoekstra welcomes a key initiative for European Union’s green transition, independence and investment
EDUCATION - YOUTH - CULTURE - SPORT
CULTURE: EU Ministers draw up innovative conclusions to promote video games sector’s contribution to Europe’s heritage
SPORT: EU ministers pledge to combat gender-based violence and promote fair access to management positions and remuneration for women professionals
INSTITUTIONAL
FUTURE OF EU: Charles Michel visits Budapest to try to ease tensions with Viktor Orbán over support for Ukraine and its EU membership
EUROPEAN PARLIAMENT PLENARY
BIODIVERSITY: European Parliament backs ‘new deal for pollinators’ to reverse their decline “by 2030 at latest”
NIGER: European Parliament “demands immediate and unconditional release” of Mohamed Bazoum and his reinstatement as President
COUNCIL OF EUROPE
FUNDAMENTAL RIGHTS: Committee of Ministers of Council of Europe unveils names of candidates for post of Commissioner for Human Rights
WESTERN BALKANS: Dunja Mijatović denounces resurgence of hate speech and denial in former Yugoslavia countries
NEWS BRIEFS
HUMANITARIAN AID: EU mobilises €15 million in emergency aid for most vulnerable in Syria and Lebanon
STATE AID: European Commission approves amendment to Polish measures to facilitate resolution of Getin Noble Bank
CLIMATE/ENERGY: NGO coalition Climate Action Network Europe shares recommendations for 100% renewable European grid and infrastructure
CULTURE: European Commission publishes new call for projects for European Networks of Cultural and Creative Organisations
SPACE: major test for Ariane 6
DIGITAL: thirty organisations insist on need to base approach to legislation on artificial intelligence on risk
CSDP: Kauko Aaltomaa remains head of EUCAP Somalia mission
RUSSIA: significant fall in trade between EU and Russia since February 2022
TURKEY: EU and Ankara want to strengthen security cooperation