DOCSLIB.ORG

C&RR, Issue 2015/4 Competition & Regulation Report July –October

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
C&RR, Issue 2015/4 Competition & Regulation Report July –October C&RR, Issue 2015/4 Competition & Regulation Report J u l y – O c t o b e r 2 0 1 5 EDITORIAL: Tax Rulings and application of State Aid Rules. What does really remain of the compatibility presumption? HIGHLIGHTS CJEU issued ruling on Post Danmark’s retroactive rebate scheme CJEU ordered Italy to pay fine for delay in recovering aid incompatible with common market The European Commission approved acquisition of Aer Lingus by IAG, subject to conditions The European Commission approved the acquisition of Hospira by Pfizer, subject to conditions The European Commission approved Nokia´s acquisition of Alcatel-Lucent The European Commission ordered France to recover €1.37 billion in incompatible aid from EDF The European Commission opened in-depth investigation into proposed acquisition of TNT by FedEx The European Commission signed best practices cooperation framework with China The European Commission opened in-depth investigation into Staples' proposed takeover of Office Depot HCC accepted commitments proposed by tobacco manufacturers to meet competition concerns in the market for the sale of tobacco products in Greece TOPICS IN THIS ISSUE Antitrust Mergers State Aid Energy Electronic Communications Pharmaceuticals Transport News of the Markets © KLC Law Firm. The content of this Issue is designated only for general information purposes and should not be construed as legal advice in general or in any specific case neither as business or investment advice. Clients wishing to have legal advice on behalf of our Firm on a specific factual context should contact appropriately the Lawyers of the Firm. July - October 2015 Page 1 C&RR, Issue 2015/4 Editorial: of Fiat Finance were unjustified. In fact, Fiat finance provided several financial Tax Rulings and application of State services in favor of other companies of Aid Rules. What does really remain of the Fiat group that are comparable to the compatibility presumption? those of a bank. Finding that the price of these services charged by Fiat It seems that the Commission swifts its Finance, which were endorsed by the attitude towards tax rulings of member fiscal authorities for tax imposition states. Tax rulings are arrangements purposes, was not compatible with the between fiscal authorities of member arm’s length principle, the Commission states with individual undertakings, and, concluded that the respective tax rulings especially, with multinational of the Luxembourgish authorities companies, concerning the modalities granted the company an undue of calculation of the tax due. Generally, advantage and, thus, constituted an the idea that tax rulings are not per se unlawful State aid. Similarly, in the distorting competition prevailed. Starbucks case, the Commission However, the Court of Justice in concluded that the special intragroup Belgium and Forum v. Commission arrangements concerning the provision (Joined Cases C-182/03 and C-217/03) of green coffee beans and the provision clearly indicated that arrangements of exaggerated royalties for the use of providing for special or discriminatory trademarks were not in line with the modalities between tax authorities and arm’s length principle as accepted by specific undertakings that do not the Dutch tax authorities and, thus, the comply with the arm’s length principle respective tax rulings again constituted can be constitutive of a State Aid unlawful State aid measures. In both measure. Since then, the Commission cases the Commission ordered became more sensitive in examining recovery, which means that the such tax arrangements in various beneficiaries must now pay an extra member States. In 2014 the amount of tax, which corresponds to Commission begun to scrutinize tax the difference between the tax rulings in Ireland (Apple), Luxembourg effectively paid and the amount of the (Amazon, Fiat Finance) the tax that would have been owed if the Netherlands (Starbucks) and the market operator principle had been Belgian ruling tax scheme, and in June respected. 2014 and February 2015 it decided to open in-depth investigations (see the These decisions, even if they do not relevant press releases of the European modify the compatibility presumption Commission, IP 14/663 and of tax rulings, they indeed mark a clear IP/15/4080). On 21 October 2015, the change of the Commission’s attitude as Commission issued its decisions regards individual tax arrangements of concerning tax rulings in favor of Fiat member states. The Commission Finance (Luxembourg) and Starbucks already announced that it will pursue (Netherlands) (see the relevant press similar on-going investigations related to release of the European Commission, tax rulings applied by all member states. IP 15/5880). In the case of Fiat More information can be found in the Finance, the Commission concluded State Aid Registry under cases No. that the arrangements of the 38373, 38374, 38375 and 38944. Luxembourgish tax authorities in favor July - October 2015 Page 2 C&RR, Issue 2015/4 Antitrust undertaking because of the cartel, the sales of its finished products in the EEA CJEU issued ruling on Post Danmark’s to independent third-party retroactive rebate scheme undertakings. To read the full press release of the CJEU click here. To On 06.10.2015, the Court of Justice of read the full judgment of the CJEU in the European Union (CJEU) ruled on case C-231/14 P click here. preliminary questions referred by a Danish Court regarding the assessment of certain rebates under EU antitrust The CJEU confirmed cartel facilitator's rules, in Case C-23/14 (Post Denmark liability A/S v Konkurrencerådet). The Court clarified in particular that in order to On 22.10.2015, the CJEU in its determine whether a retroactive judgment in case C-194/14 P ruled on standardized rebate scheme results in the so called "facilitation" of cartels – shutting out competitors in breach of such as the organization of a cartel by a Article 102 TFEU, it is necessary to consultancy firm. First, the Court examine all the circumstances of the confirmed that the service agreement case. The Court held further that the between AC Treuhand and suppliers of application of a price-cost test (known heat stabilizers constituted an illegal as "as efficient competitor test") is one of agreement under EU competition rules. the tools available for determining that a Agreements that distort competition in rebate scheme is abusive but is not a the EU are caught by Article 101 of the necessary condition for doing so. The Treaty on the Functioning of the Court also clarified that, in order to be European Union (TFEU), irrespective caught by Article 102 TFEU, the anti- of whether the parties operate in the competitive effects of a rebate scheme same market. Moreover, the Court held must be probable but there is no need that the effectiveness of Article 101 to show that they are serious or TFEU, that prohibits anticompetitive appreciable. To read the full judgment business practices, would be of the CJEU in Case C-23/14 click endangered if facilitators, such as AC here. Treuhand, could escape liability. Second, the Court confirmed that the The CJEU confirmed the €288 million European Commission was entitled to fine imposed on InnoLux for its fix the fine as a lump sum instead of participation in the cartel on the market using value of sales as a basis for setting for LCD panels the fine. AC Treuhand, as a consultancy firm, was not active on the On 09.07.2015 in case C-231/14 P, the markets for tin stabilizers and CJEU dismissed an appeal by InnoLux ESBO/esters, and therefore did not against the fines imposed on it and held have any sales in those markets. In that when the goods concerned by the February 2014, the General Court (case cartel have been incorporated into T-27/10) upheld the Commission's finished products by a vertically- 2009 decision in the heat stabilizers integrated undertaking outside the cartels with regard to AC Treuhand. EEA, the Commission may take into AC Treuhand appealed the judgment account, for the purposes of calculating to the Court of Justice, seeking to annul the fine to be imposed on that the decision or in the alternative to July - October 2015 Page 3 C&RR, Issue 2015/4 annul or reduce the fine. To read the granted to its subsidiary. To read the full judgment of the CJEU in case C- full press release of the CJEU click 194/14 P click here. here. To read the full judgment of the CJEU in Case C-597/13 P click here The CJEU reduced the fine imposed and in Case C-634/13 P click here. on Total jointly and severally with Total France from €128 million to €125 The GC reduced the fines imposed by million the Commission on Panasonic and on Toshiba for their participation in a On 17.11.2015, the CJEU issued cartel on the European market for judgments in cases C-597/13P (Total tubes for television sets SA v Commission) and C-634/13P (Total Marketing Services SA v On 09.09.2015 the General Court of Commission). By its decision of 2008, the European Union (GC) by its the European Commission found that judgments in Cases T-82/13, T-84/13, Total and its subsidiary, Total France, T-91/13 and T-92/13 rejected in their had, with other undertakings, entirety the actions brought by Samsung participated in a cartel concerning the SDI, LG Electronics and Philips and EEA market for paraffin waxes (from upheld certain pleas and arguments 1992 to 2005) and the German market raised by Panasonic and Toshiba, in for slack wax (from 1997 to 2004). relation to the fines totaling Total France was held jointly and approximately €1.47 billion imposed by severally liable with Total to pay a fine the European Commission by its of €128.163.000.
Load more

Recommended publications
  • Asendia USA COVID-19 Update September 25 2020.Xlsx
    Status Key On Schedule Expect Delays Service Suspended Inbound Transportation to Asendia USA Facilities: Facility Transportation Status Date Updated Daily Updates/Comments New York - Hauppauge On Schedule 9/25/2020 Pennsylvania - Folcroft On Schedule 9/25/2020 Florida - Miami On Schedule 9/25/2020 Illinois - Elk Grove Village On Schedule 9/25/2020 California - Bell On Schedule 9/25/2020 California - Hayward On Schedule 9/25/2020 Operational Processing @ Asendia USA Facilities: Facility Processing Status Date Updated Daily Updates/Comments New York - Hauppauge On Schedule 9/25/2020 Pennsylvania - Folcroft On Schedule 9/25/2020 Florida - Miami On Schedule 9/25/2020 Illinois - Elk Grove Village On Schedule 9/25/2020 California - Bell On Schedule 9/25/2020 California - Hayward On Schedule 9/25/2020 USPS International Service Centers: Facility Processing Status Date Updated Daily Updates/Comments The USPS reported that the ISCs are in good condition and delayed volumes are down to one-quarter of what they had been. JFK has about 27,000 on hand and most of that is letter volume. In addition to air lift, the USPS was using surface for parcels destined to Austria, Denmark, Hungary, Poland, Sweden, Czech Republic, Finland, Netherlands, Spain, and Switzerland. Volume is from the JFK, MIA and ORD ISC's. The USPS has no additional surface trips planned but will use as needed. Ocean JFK-RTM since August: ISC New York (JFK) Expect Delays 9/25/2020 - Shipment (9) 7/21 - Arrived 8/11 – containers picked up by Post NL - Shipment (10) 8/4 - Departed 8/5 arrived 8/26 – 1 container - Shipment (11) 8/18 - Departed 8/18 scheduled arrival 9/8 – 2 containers Australia and NZ - USPS reporting delays with air lift from all ISC's.
    [Show full text]
  • Postal First Services Industry to Commit to CO2 Reductions U.S
    FOR IMMEDIATE RELEASE Contact: Darlene Casey Oct. 28, 2010 (O) 202-268-3440 (M) 202-438-8886 darlene.casey@usps.gov usps.com/news Release No. 10-099 Postal First Services Industry to Commit to CO2 Reductions U.S. Postal Service Improves Score, Surpasses Global Average WASHINGTON — The international postal sector is the first services industry worldwide to commit to reduce its carbon dioxide (CO2) emissions, according to the International Post Corporation (IPC). The U.S. Postal Service and 21 other postal operators in North America, Europe and the Asia-Pacific region — all members of IPC — have pledged to measure CO2 emissions and collectively reduce them by 20 percent by 2020, under IPC's Environmental Measurement and Monitoring system (EMMS.) “The U.S. Postal Service continues to build on our long history of green innovation, and we’re proud to work with our global postal partners to reduce the size of our industry’s carbon footprint,” said Sam Pulcrano, vice president, Sustainability. “Collectively, the 21 EMMS participating posts manage more than 100,000 facilities, 600,000 vehicles, and deliver more than 80 percent of the world’s mail. Our joint effort to reduce CO2 emissions will have a major positive effect on the environment.” The Postal Sector Sustainability Report 2010 recently published by the IPC announced that the global postal industry has already cut CO2 emissions by greater than a half million metric tons — more than one-third the goal — since 2008. The IPC developed EMMS to provide a common carbon measurement and reporting framework. The EMMS tool measures carbon management proficiency (CMP) across 10 areas, including: • Management and strategy • Employee engagement • Measurement and verification • Disclosure and reporting • Value chain management In 2009, the global postal sector had an average CMP score of 61 percent.
    [Show full text]
  • Renewed Notification of an Agreement on Terminal Dues (REIMS II) Between Postal Operators (Caso No IV/36.748 — REIMS II)
    20.2.98 EN Official Journal of the European Communities C 53/3 Renewed Notification of an Agreement on Terminal Dues (REIMS II) between Postal Operators (Caso No IV/36.748 — REIMS II) (98/C 53/03) (Text with EEA relevance) 1.ÙIntroduction 3.ÙParties to the Agreement On 31 October 1997, thirteen public postal operators The parties (13) to the agreement are the following notified to the Commission for examination under the PPOs: Austrian Post, Post Denmark, Finland Post Ltd, competition rules a new version, called REIMS II and La Poste (France), Deutsche Post AG, Hellenic Posts dated 9 July 1997Ø(Î), of the original REIMS I (remun- ELTA, Ente Poste Italiane, Entreprise des eration of mandatory deliveries of cross-border mails) PostesØ@ØT~l~communications (Luxembourg), CTT terminal dues agreement. The purpose of both Correios de Portugal SA, Correos y Tel~grafos (Spain), agreements is to replace the CEPT terminal dues system, The Post Office (United Kingdom), Norway Post, and as explained under point 4. Terminal dues are the Post and Telecom Iceland Ltd. remunerations applied between public postal operators (PPOs) for the delivery of incoming cross-border mail. A number of PPOs (4) of EU Member States who were The earlier version of this agreement, dated 31 parties to the earlier REIMS I Agreement, La Poste/De December 1995, was notified in December 1995. Post (Belgium), Posten AB (Sweden), An Post (Ireland), However, this agreement expired on 30 September 1997 PTT Post BV (The Netherlands), have not signed the since one of its provisions, that the Spanish postal REIMS II Agreement, nor did the Swiss postal operator operator should have acceded to the Agreement by 31 re-sign the agreement.
    [Show full text]
  • Eurogiro News  Eurogiro News
    Eurogiro News Eurogiro News THE INTERNATIONAL ELECTRONIC PAYMENT CO-OPERATION Eurogiro will be a CSM in SEPA Contents l August 2007 On 24th May the Eurogiro Bank Working Group and the Eurogiro Operational 1 Eurogiro will be a CSM in Performance Group, together with the Eurogiro Company, held a well attended SEPA workshop on SEPA in Frankfurt, Germany 3 ANZ National Bank Limited The workshop focused on two streams: Business eventually be members or partners of Eurogiro. (ANZNB) is New Zealand’s and IT/Operational – and were based on inspiring Of equal importance was the statement that first member of the Eurogiro presentations given by representatives from Eurogiro – via the SWIFT Closed User Group Deutsche Postbank, Swiss PostFinance, ING connection – was offering a very competitive Network Bank (Netherlands) and Alliance and Leicester solution for SEPA transfers. In essence, the charge Commercial Bank plc (UK). The exchange of for transactions will be very low, charging only Eurogiro and HayPost sign a views and open discussions – were lively and the SWIFT network cost plus a minimum fee. membership agreement very beneficial for all parties, and it was evident that the SEPA issue is high on everybody’s Eurogiro will produce a directory that will be 4 Wolfgang Klein new Head of agenda this year. embedded in the ELS/ESM advising as to Deutsche Postbank whether a member is SEPA compliant or not, The Eurogiro Company advised that Eurogiro had and rejects will be allowed if the receiver is not 5 Eurogiro is gearing up for registered with EPC (European Payment Council) registered as SEPA compliant.
    [Show full text]
  • FINAL REPORT REPORT Training Partnership for Stress Management in Posts
    T FOR S RESS Lifelong IP M H AN S A Learning R G E E N M Programme T E R N A T P I G N N I P O N I S A T R S T Leonardo Da Vinci Programme 2013/2015 Agreement n° 2013-1-FR1-LEO04-49551 1 FINALFINAL REPORT REPORT Training Partnership for Stress Management in Posts s Partenariat Leonardo Da Vinci - 2013/2015 2 Summary Content structure Acknowledgements p 5 Introduction p 6 Focus on the partnership with the EU-OSHA campaign p 9 Methodology presentation of the Work Packages p 11 Events p 34 Kick off meeting - Training partnership for Stress Management in the Postal Sector Project p 34 I) Agenda II) Attendees Multilateral visit n° 1 - Multilateral visit n°1 - La Poste France - Paris-France p 37 I) Agenda II) Attendees Multilateral visit n° 2 - Hellenic Post & KEK-ELTA - Athens-Greece --> KEK-ELTA & Hellenic Post S.A. - Athens - Greece p 43 I) Agenda II) Attendees Multilateral visit n° 3 - Swiss Post-Bern-Switzerland p 49 I) Agenda II) Attendees Final conference, La Poste France - Paris-France p 55 I) Agenda II) Attendees Limited distribution. Not for sale. All rights reserved. No part of this publication may for any reason be reproduced or used, in any form or by any means, neither electronic, nor mechanical, including photocopier or microfi lms, without written, joint, permission, from PostEurop. 3 Partenariat Leonardo Da Vinci - 2013/2015 4 Acknowledgements Acknowledgements The production of this publication was made possible thanks to the efforts provided by the members of the Training and the Health working groups of the Corporate Social Responsibility Circle of PostEurop.
    [Show full text]
  • Postal Savings and the Provision of Financial Services: Policy Issues and Asian Experiences in the Use of the Postal Infrastructure for Savings Mobilization
    Economic & Social Affairs ST/ESA/2001/DP.22 DESA Discussion Paper No. 22 Postal Savings and the Provision of Financial Services: Policy Issues and Asian Experiences in the Use of the Postal Infrastructure for Savings Mobilization Mark J. Scher December 2001 United Nations DESA Discussion Paper Series DESA Discussion Papers are preliminary documents circulated in a limited number of copies and posted on the DESA web site http://www.un.org/esa/papers.htm to stimulate discussion and critical comment. This paper has not been formally edited and the designations and terminology used do not imply the expression of any opinion whatsoever on the part of the United Nations Secretariat. Citations should refer to a “Discussion Paper of the United Nations Department of Economic and Social Affairs.” Mark J. Scher Acknowledgements Mark J. Scher has been coordinating a project on I am grateful for the generous and substantial support postal savings with Keio University, Tokyo, on behalf of Keio University in funding this research project of the Department of Economic and Social Affairs, through a grant from the Japanese Ministry of where he has been an Economic Affairs Officer in the Education and Culture. The paper benefited from Finance and Development Branch, Development discussions with officials and experts in many Policy Analysis Division, Department of Economic and countries and the Universal Postal Union. I also Social Affairs. The views and interpretations in this express appreciation to colleagues in DESA and the paper are those of the author and do not necessarily many interns who have assisted him in the preparation represent the views of the United Nations.
    [Show full text]
  • Parcel Post Compendium Online Hellenic Post SA (ELTA SA) GRA
    Parcel Post Compendium Online GR - Greece Hellenic Post SA (ELTA SA) GRA Basic Services PREDES Pre-advice of international dispatch Yes V 2.0 information - origin post 1 Maximum weight limit admitted RESDES Dispatch receipt information (response Yes 1.1 Surface parcels (kg) 20 V 1.1 to a PREDES) – destination post 1.2 Air (or priority) parcels (kg) 20 5.1.5 Ready to start transmitting data to Yes partners wishing to receive data 2 Maximum size admitted 5.1.6 Other messages transmitted 2.1 Surface parcels PRECON Pre-advice of international consignment Yes 2.1.1 2m x 2m x 2m No – origin post (or 3m length & greatest circumference) RESCON Response to a PRECON – destination Yes 2.1.2 1.5m x 1.5m x 1.5m Yes post (or 3m length & greatest circumference) CARDIT Carrier documents international Yes 2.1.3 1.05m x 1.05m x 1.05m No transport – origin post (or 2m length & greatest circumference) RESDIT Response to a CARDIT – destination Yes 2.2 Air parcels post 2.2.1 2m x 2m x 2m No 6 Home delivery (or 3m length & greatest circumference) 6.1 Initial delivery attempt at physical Yes 2.2.2 1.5m x 1.5m x 1.5m Yes delivery of parcels to addressee (or 3m length & greatest circumference) 6.2 If initial delivery attempt unsuccessful, Yes 2.2.3 1.05m x 1.05m x 1.05m No card left for addressee (or 2m length & greatest circumference) 6.3 Addressee has option of paying taxes or Yes duties and taking physical delivery of the item Supplementary services 6.4 There are governmental or legally 3 Cumbersome parcels admitted Yes binding restrictions mean that there are certain limitations in implementing home 4 Maximum size admitted delivery.
    [Show full text]
  • The Role of Regulators in a More Competitive Postal Market
    WIK-Consult • Final Report Study for the European Commission, Directorate General for Internal Market and Services The Role of Regulators in a More Competitive Postal Market Authors: Alex Kalevi Dieke James I. Campbell Jr. Nicole Angenendt Gernot Müller Associate contributors: Alexandre De Streel, CRID Robert Queck, CRID The views and opinions expressed in this study are those of the authors and do not necessarily reflect the position of the European Commission. Bad Honnef, September 2009 WIK-Consult GmbH Rhöndorfer Str. 68 53604 Bad Honnef Germany Role of Regulators in a More Competitive Postal Market I Contents Tables VII Figures X Case Histories XI Terms and Abbreviations XII Executive Summary i 1 Introduction 1 1.1 Purpose and outline of study 1 1.2 Acknowledgements 4 1.3 Overall methodology 5 1.4 Survey of national regulatory authorities, national competition authorities, and universal service providers 6 2 Overview of the Regulation of Postal Services 11 2.1 Evolution of the EU Postal Directive 12 2.2 Postal services and products in the EU/EEA market 14 2.3 Postal services ensured as universal services 18 2.4 Regulation of non-universal services 24 2.5 USPs, national USPs, and PPOs 26 3 Implementation of the Second Postal Directive 31 3.1 Regulatory framework 32 3.1.1 Postal laws and regulations 32 3.1.2 Postal authorities: Postal Ministries, USPs, NRAs, NCAs 35 3.1.3 Allocation of regulatory authority 39 3.1.4 Rights of ownership 45 3.2 National regulatory authorities 49 3.2.1 Establishment of NRAs 49 3.2.2 Mission and resources
    [Show full text]
  • Public Services MAY 2010
    Mapping of the public ServiceS MAY 2010 public ServiceS in the european union & in the 27 MeMber StateS STATISTICS, ORGANISATION AND REGULATIONS Project with the support of the European Commission Experts : Project with the support of the European Commission Study commissioned in the framework of the “Mapping of the Public Services” project managed by CEEP serving the public Published in May 2010 We would like to sincerely thank all those who participated in this research, in particular the national experts and those who have helped to prepare the English text for publication. pierre baubY PhD in Political Science Researcher associated with the LED - Paris 8 University Chairman of RAP Mihaela Maria SiMilie (POPA) PhD in Law Researcher on Public Services With the support of In memory of Armand BIZAGUET who for over 30 years developed statistics on public enterprises in Europe philippe raiMBAULT Professor of Public Law, IEP de Toulouse Member of Scientific Committee of Europa Sobinson Yves ralainirina PhD student in Economics Paris 8 University Logistical team Michel SeniMon General Delegate of EUROPA christophe bonnotte General Secretary of EUROPA country national experts austria AT Dr. Daniel Staudigl Verband der öffentlichen Wirtschaft und Gemeinwirtschaft Österreichs belgium be Contributions from different experts bulgaria bg Dr. Antoniy Galabov Assistant Professor, Sociology of Policy and Culture, Political Sciences Department, New Bulgarian University Présidente Pro Bono Publico Ltd. Vessela Delibaltova cyprus cY Yannis Eustathopoulos
    [Show full text]
  • The Postal Sector, Leading the Way in Corporate Social Responsibility
    YOUR LINK TO POSTAL EXPERTISE The Postal Sector, leading the way in Corporate Social Responsibility The Postal Sector, leading the way in Corporate Social Responsibility Edition 2016 - CSR Brochure of good practices SUMMARY foreword Views from Jean-Paul Forceville & Botond Szebeny 7 The keys for long-term commitment to CSR 8 Focus on the 2015 Coups de Cœur 9 employees Bulgaria – Bulgarian Posts Improvement of the work conditions in Bulgarian post offices 12 Czech Republic – Česká pošta Programme 'Česká pošta connects' for prevention against melanoma 13 Czech Republic – Česká pošta Support programme of outplacement for employees 14 Estonia – Omniva ‘No’ to the muscle strain 15 France – Le Groupe La Poste Group mobility spaces 16 Greece – Hellenic Post - ELTA Excellence Awards for the employees’ children 17 Italy – Poste Italiane Supporting maternity with Maam U programme 18 Lithuania – Lietuvos paštas Health programme ‘Lithuania Post - is you’ 19 Malta – MaltaPost The Equality Mark, certifying gender equality 20 Poland – Poczta Polska Fostering postal cooperation through study visits 21 Portugal – CTT Trainee programme ‘Set up your mind to something bigger’ 22 Switzerland – Swiss Post RAINBOW network for tolerance and acceptance 23 Switzerland – Swiss Post The leisure activities offer PostActivity 24 society Armenia – HayPost ShopInAmerica 28 Bulgaria – Bulgarian Posts Bulgarian round of the UPU letter-writing competition 29 Cyprus – Cyprus Post Humanitarian collection for the refugee children in Greece 30 Cyprus – Cyprus Post Cypriot round
    [Show full text]
  • News Contents 4 / No
    531077_dok 16/11/04 10:51 Side 1 THE INTERNATIONAL ELECTRONIC PAYMENT NETWORK EUROGIRO News Contents 2004 4 / November Eurogiro welcomes Nova Banka as a new New Eurogiro application member in Bosnia and Herzegovina 2 development Eurogiro now includes Bosnia and Herzegovina on the Eurogiro ING Bank Slaski SA world map as Nova Banka AD Bijeljina signed a membership 3 agreement with Eurogiro Network A/S on 8 October 2004. Electronic Bill Presentment Nova Banka has a full banking licence and 4 & Payment (EBPP) in Europe is a member of the domestic clearing, offering universal banking activities. The bank ranks 1st in the number of transactions on the Postal financial services National Payment System and its total points 5 in Hungary of sale are 324 of which 51 are bank branches and 273 are post offices. The banking sector in Bosnia and Herzegovina is advancing Postal Financial Services further year by year. During 2003 consolida- 5 in Turkey tion of the banking sector continued by way of mergers and takeovers and the majority of the round development strategy that will improve capital held in the banks is now from foreign the bank’s position in the local banking mar- Network connection to sources. The growth of the banking sector in ket. During 2003 shares of Nova Banka were 6 SWIFT - a tough choice of the country is rapid due to increased local among the top five liquid securities in the partner savings and credit lines. stock market, having trade volume of 1,717 million BAM It is worth mentioning that Nova Banka main- Deutsche Postbank launches tains a high level of growth above the market The initial network of the bank covered the 6 new loan software average, producing positive financial results cities of Bijeljina, Brèko and Zvornik and, in that keep the bank at the top of the banking line with the capitalisation of the bank in sector in Bosnia and Herzegovina.
    [Show full text]
  • Main Developments in the Postal Sector (2010-2013)
    WIK-Consult Final Report Study for the European Commission, Directorate General for Internal Market and Services Main Developments in the Postal Sector (2010-2013) Authors: Alex Kalevi Dieke (Project Manager) Christian Bender James I. Campbell Jr. Robert H. Cohen Christine Müller Antonia Niederprüm Alexandre de Streel Sonja Thiele Claus Zanker WIK-Consult GmbH Rhöndorfer Str. 68 53604 Bad Honnef Germany Bad Honnef, August 2013 Main Developments in the Postal Sector (2010-2013) I Contents Case Studies V Figures VII Tables X Abbreviations XII Executive Summary i 1 Introduction 1 1.1 Purpose of study 1 1.2 Methodology 2 1.3 Terminology: postal services and products 3 1.4 Acknowledgements 6 2 Regulatory Developments 7 2.1 Legal and regulatory framework 7 2.1.1 Transposition of Third Postal Directive 7 2.1.2 Allocation of authority within Member States 9 2.1.3 Legal organisation of the public postal operator 15 2.1.4 National Regulatory Authorities 17 2.2 Market opening and potential restraints on competition 33 2.2.1 Status of market opening and special rights 33 2.2.2 Authorisation procedures and conditions 35 2.2.3 Access to postal infrastructure 44 2.2.4 Access to downstream services of the USP 48 2.2.5 Differential application of value-added tax 54 2.2.6 Differential application of customs and security controls 63 2.2.7 Special labour provisions in the postal sector 66 2.3 Application of the competition rules 67 2.3.1 Application of antitrust rules to the postal sector 67 2.3.2 Application of State Aids rules to the postal sector 77
    [Show full text]