Today, the negotiators of the Council and the European Parliament reached an agreement to update the rules for organic production, thereby accommodating the needs of a growing sector.

Following the decisive meeting, Commissioner for Agriculture Phil Hogan said: “We welcome the successful conclusion to today’s trilogue and the agreement reached on the Organics Regulation and believes that the new legislative framework will match the dynamism and expectations of this fast-growing sector, support its development and its capacity to innovate and help it to reach its full potential.

After more than three years of negotiation, the agreement will remove obstacles to the sustainable development of organic production in the EU, thus guaranteeing fair competition for farmers and operators, while also improving controls and consumer confidence.

Following the trilogue, the Commission looks forward to the agreement reached today being endorsed by the European Parliament’s Agriculture & Rural Development Committee and the Council of Agriculture Ministers, thus allowing the new legislation to come into effect as soon as possible.”

For More Information

Organic farming in the EU

2^nd European day of Social Economy Enterprises gathers social economy players and policy-makers to create synergies and explore needed measures

During the 2^ndEuropean day of Social Economy Enterprises (SEEs) at the European Economic and Social Committee (EESC), over 130 social economy representatives called on policy-makers to scale-up their efforts to enable the development of the Social Economy.  

In his opening speech, Michael Smyth, EESC Vice-President, said: “Social Economy Enterprises have become crucial, not only because they contribute to social integration, territorial cohesion and new economic models, but also because they play a role in shaping the future of Europe”.

He also called for a long-term roadmap for the Social Economy and to make it a real part of the Commission’s Work Programme for 2018.

“Europe has a chance to redefine itself, and we should promote the social economy in a very tangible way to address three key challenges: climate, the digital revolution and social issues”, said Nicolas Schmit, Minister of Labour, Employment and Social and Solidary Economy, Luxembourg.

The EESC has been working on the Social Economy for more than 10 years, and creating synergies with EU institutions to promote this agenda, explained Oliver Röpke, President of the EESC’s Permanent Study Group on SEEs. He invited all participants to actively contribute to “shaping the future of Europe together”.

The event introduced four case studies of innovative and successful European social start-ups:

• PermaFunghi (Brussels), an urban project to produce mushrooms from coffee grounds while creating sustainable jobs for low-skilled people.
• Solidarity Salt (Greece), aims to empower refugee women and develop the local economy. Gourmet sea salt is extracted from Greek salinas and packed in handmade bags.

• HopHopFood (Paris) is a digital platform aiming to reduce food waste and poverty by allowing consumers to use geolocation to exchange food.
• 6zero1 (Luxembourg) is a social economy enterprise incubator supporting entrepreneurs through training, funding and advice to help develop economically viable activities.

These success stories inspired the workshops, in which participants discussed the potential of SEEs to develop new economic models, promote the integration of migrants and boost territorial cohesion. Participants highlighted the positive role of SEEs in putting people before profit, building a more cohesive society, bringing innovation and empowering citizens.

They agreed that policy-makers have an important role to play in creating a favourable environment for the social economy to flourish, and urged them to create a EU legal framework for SEEs, reinforce public-private partnerships and ensure increased and easier access to funding.

Each workshop also made specific requests for policy-makers:

• The workshop on new economic models stressed the need to protect SEEs by creating a level playing field and putting an end to abuse of mainstream enterprises.
• The workshop on integration of migrants stressed the need for better EU migration policies to facilitate early access to the labour market and involve the media in sharing positive stories.
• The workshop on territorial cohesion called for a project at EU and local level to disseminate the good practices of pro-bono activities for the social economy by involving companies.

In the closing session, Jens Nilsson, Member of the European Parliament, called on the Commission to show more will in developing an overall EU action plan for the Social Economy.

Slawomir Tokarski, Director of DG GROW, European Commission, collected the messages from civil society and expressed the commitment to continue working together for a more social Europe.

“The Social Economy is not just an economic model; it is the solution to recover from the crisis, create quality jobs and make Europe more resilient and competitive“, concluded Martin Siecker, president of the EESC’s Section for the Single Market, Production and Consumption.

The EESC recently approved an opinion on the Start-Up and Scale-Up Initiative and will vote on an opinion on The external dimension of social economy at its July plenary.

RHI and Magnesita are both manufacturers of refractory products. Theseare non-metallic materials that are able to withstand very high temperatures and corrosive or chemically aggressive environments. They are used, for instance, as heat buffers or linings in kilns, furnaces and ovens in the manufacturing processes for steel, cement, glass and other non-ferrous metals.

The Commission’s investigation focused on the market for basic refractory products such as dolomite-based and magnesite-based refractories, whose largest customers are steel manufacturers. The Commission found that refractory products have different properties and applications, and can be distinguished according to shape (shaped or unshaped), main component (dolomite- or magnesite-based) and thermal treatment (fired or unfired).

The Commission was concerned that the acquisition would reduce competition, with possible price increases for shaped and unshaped dolomite-based refractory products. The Commission also raised competition concerns for shaped unfired magnesite-based refractories

The proposed remedies

To address these competition concerns, RHI offered to divest the following activities:

• All of Magnesita’s activities for unfired magnesite-based refractory products in the European Economic Area (EEA)
• All of RHI’s dolomite activities in the EEA.

These assets will have to be divested as a package to one purchaser to be approved by the Commission. The divestitures also include the main sources of raw materials necessary for the manufacturing of the final products. Specifically, the remedies provide for the divestiture of RHI’s dolomite mine in Italy, as well as a long-term agreement allowing the buyer of the divested businesses to access critical raw materials from a Magnesita-owned mine in Brazil.

These commitments fully remove the overlap between RHI and Magnesita in the markets where the Commission had identified competition concerns.

The Commission therefore concluded that the proposed transaction, as modified by the commitments, would no longer raise competition concerns in the EEA. The decision is conditional upon full compliance with the commitments.

Companies and products

RHI, based in Austria, is a global supplier of refractory products, systems and services. It is active on all steps along the refractory value chain, from mining of raw materials to the removal and recycling of consumed refractory products.

Magnesita Refratários, based in Brazil, is active in mining, production and marketing of refractory materials and services. Magnesita operates in various locations around the world, including Europe.

Merger control rules and procedures

The transaction was notified to the Commission on 5 May 2017.

The Commission has the duty to assess mergers and acquisitions involving companies with a turnover above certain thresholds (see Article 1 of the Merger Regulation) and to prevent concentrations that would significantly impede effective competition in the EEA or any substantial part of it.

The vast majority of notified mergers do not pose competition problems and are cleared after a routine review. From the moment a transaction is notified, the Commission generally has a total of 25 working days to decide whether to grant approval (Phase I) or to start an in-depth investigation (Phase II). This deadline is extended to 35 working days in cases where remedies are submitted by the parties, such as in this case.

More information will be available on the Commission’s competition website, in the Commission’s public case register under the case number M.8286.

The field tests will consist of transforming annual financial reports by issuers to Inline XBRL instance documents, according to ESMA’s draft ESEF specifications.

ESMA is seeking participation from:

·         issuers on European regulated markets from all industries preparing IFRS consolidated financial statements; and

·         software vendors.

Participating issuers will receive free support to transform their annual financial report to Inline XBRL. They will thus be able to learn how the Inline XBRL format can be applied. Furthermore, the effort for their first filings, once the preparation of the annual financial report in the European Single Electronic Format becomes mandatory in 2020, will be significantly reduced. Additionally, participants will have the opportunity to contribute to the development of the specifications of a European Single Electronic Format that better fits their reporting needs.

Timeline and contact details

Applications are welcome by Friday 14 July. Several workshops will be held from the end of July until the end of August. ESMA will provide interested issuers with a list of possible dates.

Issuers and software vendors interested in participating in the field tests are invited to contact esef@esma.europa.eu.