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Europe Daily Bulletin No. 7823

18 October 2000
Contents Publication in full By article 29 / 41
GENERAL NEWS / (eu) eu/competition
Approval to acquisition of Nabisco by Philip Morris

Brussels, 17/10/2000 (Agence Europe) - The European Commission has approved the acquisition of the American company, Nabisco Holdings Corp, by another American company, Philip Morris Companies Inc. The operation, announced in June this year, had been carried out for the sum of $14.9 billion plus debt takeover of $4 billion. In concrete terms, Nabisco will be attached to Kraft Foods Inc and Kraft Foods International Inc, both fully-owned food processing subsidiaries of the Philip Morris...

Contents

THE DAY IN POLITICS
(EU) WEU/EU: WEU military Committee adopts "Transition Plan"
(EU) EP/NATIONAL PARLIAMENTS: COSAC discusses amendment to EU Treaty Protocol on role of national parliaments and Charter of Fundamental Rights - Debate of "large" and "small" countries
(EU) EP/INSTITUTIONAL REFORM: Constitutional committee specifies conditions in which enhanced cooperation and EU constitutionalisation process should develop
GENERAL NEWS
(EU) EU/JHA/ECOFIN: Council took decisive steps towards a reinforcing of fight against financial fraud, and money laundering in particular - Banking and fiscal secrecy cannot block criminal investigations
(EU) EU/ECOFIN COUNCIL: Preparation of aid to Serbia, institutional reform and economic aspects of social dossiers
(EU) EU/TAXATION: The Fifteen retain the hope of reaching agreement on taxation on savings in November, as well as on VAT on electronic commerce
(EU) ECB/EURO: Polemic over latest remarks by Wim Duisenberg
(EU) EU/EUROGROUP: Tax reductions must be compensated by reductions in spending in States that have not yet achieved budgetary balance - Confidence in euro remains intact
(EU) EU/TAXATION: Agreement among Fifteen to abolish obligation to designate tax representative under VAT system
(EU) EU/FINANCIAL SERVICES: Political agreement by Fifteen on new investment products eligible for UCITS
(EU) EU/EMPLOYMENT AND SOCIAL POLICY: Council adopts European strategy to combat social exclusion
(EU) CHARTER OF FUNDAMENTAL RIGHTS:
(EU) EU/COMMISSION/GLOBALISATION:
(EU) EU/TRANSPORT: Mrs Loyola de Palacio clarifies state of works concerning Malpensa airport (Milan, Italy)
(EU) EP/MEDIA/CHILDREN: Parliament calls for "self-regulation code" in audio-visual sector for protection of minors
(EU) EU/ECONOMY: Inflation continues to increase in September
(EU) EU/ASIA: Third ASEM Summit should give new impetus to political dialogue - several economic and cultural cooperation projects - Difficulties over ASEM enlargement to other countries in Asian region
(EU) EP/SERBIA: Mr Kostunica before EP next week?
(EU) EU/MOROCCO: Following Fischler's visit to Casablanca, negotiations on fisheries open - Moroccan stance to be known on 30 October
(EU) EU/ACP: Parliamentary Assembly rejects "first come, first served" system for bananas and takes a stance on rum, sugar and WTO exemption for Cotonou Agreement
(EU) EU/WASTE: Successful conciliation on incineration
(EU) EU/ENVIRONMENT:
(EU) ACP/EU: Parliamentary Assembly adopts several resolutions on social issues, fisheries and decentralised cooperation
(EU) ACP/EU: Parliamentary Assembly invites EU to support strengthened democratic institutions in Zimbabwe
(EU) EU/BUDGETS: This Wednesday Parliament/Council/Commission three way dialogue prepares follow-up budgetary procedure, especially for aid to Serbia and Balkans in general
(EU) EIB/SPAIN: 100 million euro loan for steel group Aceralia
(EU) EIB/MANAGEMENT COMMITTEE: Michael Tutty appointed Vice-President
(EU) EU/TRADE POLICY: Anti-dumping measures recently adopted by Council on Asian products
(EU) EU/COMPETITION: Approval to acquisition of Nabisco by Philip Morris
(EU) EU/ECONOMIC AND SOCIAL COMMITTEE: ESC elects its new President, two Vice-Presidents and Bureau on Wednesday - Opinion on plenary agenda
ECONOMIC INTERPENETRATION
(EU) Aluminium:
(EU) Banks:
(EU) Agri-food industry:
(EU) Office equipment:
(EU) Transport:
(EU) Hotels:
(EU) Cables:
(EU) Oil:
(EU) Equipment:
(EU) Telecommunications:
VALUE OF THE EURO IN DIFFERENT CURRENCIES 17/10/2000: