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Image header Agence Europe
Europe Daily Bulletin No. 13674
Contents Publication in full By article 20 / 31
ECONOMY - FINANCE - BUSINESS / Competition

EU fines Alchem €489,000 for its involvement in a pharmaceutical cartel

On Friday 4 July, the European Commission decided to impose a fine of €489,000 on Alchem International Pvt. Ltd. and its subsidiary Alchem International (H.K.) Limited for breaching EU rules on anticompetitive practices.

For more than 12 years, Alchem, an Indian company, was involved in an agreement concerning an important pharmaceutical ingredient.

In October 2023, the Commission adopted a settlement decision and imposed fines totalling €13.4 million on six companies for their...

Contents

EXTERNAL ACTION
MOLDOVA: European Union representatives in Chișinău once again affirm that Moldova’s future lies within EU
UNITED STATES: EU in home straight of negotiations with Donald Trump for agreement in principle
CHINA: tensions between Brussels and Beijing could jeopardise EU-China summit
CHINA: China imposes a definitive anti-dumping tariff on European brandy
Russian invasion of Ukraine
TRADE: European Commission details quotas granted to Ukraine for agricultural exports to EU
DANISH PRESIDENCY OF THE COUNCIL OF THE EUROPEAN UNION
JUSTICE: Danish Presidency of EU Council wants to make progress on insolvency law, parenthood in cross-border situations and rights of vulnerable adults
INSTITUTIONAL
EUROPEAN PARLIAMENT: motion of censure, trade negotiations, climate and budget on agenda for July plenary session
SECTORAL POLICIES
AGRICULTURE: MEPs set to pave the way for fairer Common Agricultural Policy after 2027, Monday 7 July
ENVIRONMENT: Greens/EFA Group in European Parliament calls on European Commission to reconsider risks posed by presence of TFA in drinking water
ENERGY: ‘REPowerEU’ - Slovakia once again pleads case to European Commission in Bratislava
ENERGY: €3.66 billion from Modernisation Fund to support 34 energy-related projects in nine EU Member States
DIGITAL: issue of digital sovereignty divides industry following European consultation on future ‘Cloud and AI Development Act’
COHESION: Renew Europe group in European Parliament defends “ strong and modernised” cohesion policy for 2028–2034 period
COHESION: 79% of EU respondents praise cohesion policy
MIGRATION: thirty-five MEPs are calling on Member States to follow example of United States and suspend entry of nationals from 18 third countries
JUSTICE: Eurojust and European Judicial Cybercrime Network recall necessary requirements for use of AI in criminal proceedings
TRANSPORT: European Commission has only twice amended regulatory framework governing EU aviation safety list since 2006
RESEARCH: European universities associations recommend differentiating between Competitiveness Fund and next Framework Programme for Research and Innovation
ECONOMY - FINANCE - BUSINESS
FINANCE/CLIMATE: European Commission submits simplified reporting rules to apply EU taxonomy
COMPETITION: EU fines Alchem €489,000 for its involvement in a pharmaceutical cartel
MONEY LAUNDERING: European supervisory authorities and ECB sign memoranda of understanding to cooperate with AMLA
BANKS: Friedrich Merz rejects creation of European bank deposit insurance scheme
SOCIAL AFFAIRS - EMPLOYMENT
EMPLOYMENT: European employers in construction sector do not want new legislation according to quality jobs roadmap
NEWS BRIEFS
CLIMATE: mobilisation of EU Innovation Fund to support six projects to manufacture battery cells for electric vehicles
ENERGY: in first quarter of 2025, EU saw fall in share of renewable energies in electricity production
ENVIRONMENT: recycling of packaging in Italy reached 76.7% in 2024, according to Conai, a private national organisation funded by companies
MERCOSUR: proposed conclusion of EU/Mercosur trade agreement behind schedule
GMOs: European Commission authorises import of genetically modified soya for use in food and animal feed
EUROPEAN PARLIAMENT: former far-right group ID is alleged to have committed irregularities in use of European funds to tune of €4.33 million
RESEARCH: MEP Borys Budka proposes approving renewal of scientific and technological cooperation agreement with India
ANIMAL HEALTH: European Commission launches call for contributions on ‘fur-free Europe’