European Union

Brussels quizzes Madrid on car rescue plan

SpainBrussels - The European Union's executive sent a formal letter to Spain on Tuesday asking for more information on a 4.1-billion-euro (5.4-billion-dollar) rescue plan for the car industry, officials in Brussels confirmed.

The move is a "precautionary measure, because we have not received full details" of the rescue package which the Spanish government finalized on Friday, Jonathan Todd, spokesman for EU Competition Commissioner Neelie Kroes, told journalists in Brussels.

EU states cannot cover up GMO sites, court rules

European UnionLuxembourg - European Union member states cannot cover up the location of sites where genetically-modified organisms (GMOs) have been released, even if they fear that the information could provoke public disorder, the EU's highest court ruled Tuesday.

"The information relating to the location of the release can in no case be kept confidential," and public-order considerations "cannot constitute reasons capable of restricting access to the information," the European Court of Justice (ECJ) said.

Brussels approves Rolls Royce-Mubadala joint maintenance venture

Rolls Royce LogoBrussels - The European Union's executive on Tuesday approved a joint venture between British aircraft engine maker Rolls Royce and Abu Dhabi investment fund Mubadala aimed at offering aircraft maintenance services in North Africa and the Middle East.

The formation of a joint venture specializing in aircraft engine maintenance "would not significantly impede effective competition within the European Economic Area (EEA) or a substantial part of it," the European Commission said in a statement.

Brussels to warn EU states on surging spending

European Union FlagBrussels - The European Union's executive body is set on Wednesday to warn at least six member states that they are going too deeply into debt as they struggle to ward off recession.

But analysts say that the European Commission is likely to give euro users France, Greece, Ireland, Malta and Spain, and non-euro country Latvia, several years to bring their budgets back into line with EU rules, as the 27-member bloc faces the worst economic crisis in 60 years.

EU pledges 4 million euros for Lebanon parliamentary elections

EU pledges 4 million euros for Lebanon parliamentary elections Beirut  -The European Commission has pledged 4 million euros (5.1 million dollars) to ensure that Lebanon's parliamentary elections, due in June, proceed in a democratic way, a statement by the EU said on Monday.

According to the statement "the money will cover technical assistance as well as the purchase of equipment needed for the June 7 elections."

Brussels approves extension of German research funding

European Union FlagBrussels - The European Union's executive on Friday approved a German plan to fight recession by providing an additional 900 million euros (1.2 billion dollars) in state support to medium-sized companies trying to fund research and development.

The latest German plan, which targets companies which employ up to 1,000 staff until the end of 2010, is in line with EU rules because it is limited in time and scale and is aimed at boosting innovation, the European Commission said in a statement.

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