title: Report from the Commission - Annual status report from the Commission on the guarantee fund and its management in 1999

eurovoc_concepts:
EIB loan
balance sheet
budgetary reserve (EU)
financial year
report

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text: COMMISSION OF THE EUROPEAN COMMUNITIES Brussels, 27. 04. 2000 COM(2000) 246 final REPORT FROM THE COMMISSION Annual Status Report from the Commission on the Guarantee Fund and its Management in 1999 TABLE OF CONTENTS 1. Legal bases. 3 2. Position of the Fund at 31 December 1999. 3 3. Payments into the Fund. 4 3. 1. 3. 2. 3. 3. Payments from the general budget in the course of the financial year. 4 Interest from financial investment of the Fund’s liquid assets. 5 Recovery from defaulting debtors. 6 4. The Fund's Liabilities. 6 4. 1. 4. 2. Default payments. 6 EIB remuneration. 6 Annexes. 7 Annex I: Legal bases for payments to the Guarantee Fund from the general budget. 8 1. Decisions covered by Transfer 5/99. 8 2. Decisions covered by transfer 67/99. 8 Annex II: EIB Status Report on the Fund and its Management Revenue and Expenditure Account and Balance Sheet at 31 December 1999. 10 1. Development of the Fund in 1999. 10 2. Situation of the Fund. 10 2. 1. 2. 2. 2. 3. Resources at 31 December 1999. 10 The Fund’s assets at 31 December 1999. 11 Liquidity risk. 12 3. Guarantee Fund investment: Analysis of results and performance in 1999. 12 3. 1. 3. 2. 3. 2. 1. 3. 2. 2. General analysis. 12 Sectoral analysis. 13 Treasury operations. 13 Investment portfolio:. 16 Annex III: Consolidated financial balance sheet of the Guarantee Fund at 31 December 1999. 21 2 1. LEGAL BASES Council Regulation (EC, Euratom) No 2728/94 of 31 October 1994 set up a Guarantee Fund for external actions to repay the Community’s creditors in the event of default by beneficiaries of loans granted or guaranteed by the Community. In accordance with Article 6 of the Regulation the Commission entrusted financial management of the Fund to the European Investment Bank (EIB) under an agreement signed between the Community and the EIB on 23 November 1994 in Brussels and on 25 November 1994 in Luxembourg. Under Article 8. 2 of the agreement, by 1 March each year the Bank must send the the revenue and Commission a status report on the Fund and its management, expenditure account and the financial statement for the Fund for the preceding year. An extract from the report covering 1999 is in Annex II. In addition, Article 7 of the Regulation establishing the Fund requires the Commission to send the European Parliament, the Council and the Court of Auditors a report on the situation of the Fund and its management for each financial year by 31 March of the following year. 2. POSITION OF THE FUND AT 31 DECEMBER 1999 the close of the 1999 financial year, At (Annex II). This is the sum, since the Fund was established, of all: the Fund totalled EUR 1 313 736 732. 83 – budget payments (EUR 1 638 413 000. 00); – incremental yearly net results (EUR 153 081 422. 50); – late payments from non-member countries (EUR 326 997 234. 09); – debts corresponding to the payments not made to the Bank (EUR 604 761. 67); – minus: calls on the Fund’s resources (EUR 441 559 685. 43) and successive repayments to the budget of the surplus in the Fund (EUR 363 800 000. 00). After the Bank's remuneration is deducted, the Fund total at 31 December 1999 comes to EUR 1 313 131 971. 16. The total amount of the consolidated balance sheet (Annex III) is EUR 1 498 268 553. 20, which breaks down into EUR 480 000 000 in deposits, EUR 4 749 649. 43 on current account, EUR 813 073 283. 47 in the securities portfolio, EUR 15 913 799. 93 in interest accrued and not paid at 31 December 1999 (EUR 2 156 579. 72 in interest accrued and not yet due on fixed-term deposits, EUR 13 757 220. 21 in coupons accrued and not yet due) and EUR 184 531 820. 37 in receivables from the recipients of loans granted or guaranteed by the Community, including EUR 147 242 798. 63 in principal, interest due and default and by guarantee EUR 37 289 021. 74 in default interest incurred but not received at 31 December 1999. payments under the Fund covered interest 3 Article 3 of the Regulation establishing the Fund requires that the amount of the Fund has to reach an appropriate level (target amount) set at 10% of the total outstanding capital liabilities arising from each operation, plus unpaid interest due. Outstanding lending and loan guarantee operations for non-member countries plus unpaid interest due totalled EUR 12 052 million at 31 December 1999, of which EUR 227 million was accounted for by unpaid interest. The ratio between the Fund’s resources and outstanding capital liabilities within the meaning of the Regulation was 10. 9%. Since this is higher than the target amount of 10%, there had to be a repayment from the Fund to the general budget of the Communities, as provided for in the third paragraph of Article 3 of the Regulation. The amount to be repaid to the budget comes to EUR 107. 9 million. The following sections describe developments affecting the Fund’s resources and liabilities in 1999. 3. PAYMENTS INTO THE FUND 3. 1. Payments from the general budget in the course of the financial year Articles 2 and 4 of the Regulation establishing the Fund stipulate that it is to be endowed by payments from the general budget equivalent to 14% of the capital value of loan and is reached. Under Article 5 the the target amount loan guarantee operations until provisioning rate rises to 15% for new operations if the Fund’s resources fall below 75% of the target amount as a result of guarantees being activated to cover any default. The legal bases for the provisioning arrangements are described in Annex I. The Council Decision of 31 October 1994 concerning budgetary discipline authorised the entry in the general budget of a reserve for loan and loan guarantee operations. This item, which was allocated provisional appropriations of EUR 346 million in 1999, is intended to endow the Fund by transferring amounts into the budget item for payments into the Fund. On these legal bases, two transfers totalling EUR 300 069 000 were adopted by the budgetary authority in 1999 to endow the Guarantee Fund. – Transfer 5/99: EUR 229 089 000 This first transfer at the beginning of the year was for payments into the Fund under the Council Decisions of 24 January 1994, 14 April 1997, 19 May 1998 and 14 December 1998, in accordance with the arrangements set out in the Annex to the Regulation establishing the Fund (see Annex I). – Transfer 67/99: EUR 70 980 000 This second transfer was for payments into the Fund in respect of loan operations adopted by the Council on 22 April 1999, 10 May 1999, 8 November 1999 and 29 November 1999. The decisions covered by this transfer are given in Annex I. The two transfers to the Fund were made in June and December 1999. 4 3. 2. Interest from financial investment of the Fund’s liquid assets The Fund’s liquid assets are invested in accordance with the management principles laid down in the Annex to the Community/EIB Agreement. These principles state that during the Fund’s first years of operation it will be treated as a money-market investment fund dealing solely in short-term instruments up to one year, as long as the total amount invested does not exceed ECU 300 million. As the amount of the Fund exceeded this ECU 300 million threshold in 1995, the Commission agreed with the EIB to amend the investment principles early in 1996. The new management procedures are based in principle on a ratio of one third for one year and two thirds for a maximum of 10 years, although at least EUR 150 million has to be for short-term investment. The average term of investments from the Fund's assets must not exceed five years. The list of banks authorised to receive deposits is agreed by the Commission and the EIB. The original list has been revised several times in the light of the latest changes in bank ratings. Most of the banks are members of the euro clearing system. They all have a Moody’s rating of at least A1 for long-term investments and P1 for short-term ones and investments made with them are governed by rules to ensure a good spread and avoid risk exposure. In 1999 interest on deposits, the Guarantee Fund current account and securities totalled EUR 48 562 534. 63, broken down as follows: – deposits: EUR 12 659 514. 63. This represents the situation at 31 December including interest received on bank deposits (EUR 16 600 243. 29) and changes in interest incurred (-EUR 3 940 728. 66) in 1999. The interest accrued corresponds to interest which has not been received by the Fund at the end of the year but will be paid at the dates fixed for maturity of the investments. The interest accrued at 31 December 1999 (EUR 2 156 579. 72) is deducted from the accrued interest entered in the accounts for 1998 but received in 1999 (EUR 6 097 308. 38). – current account: EUR: 219 810. 68 , comprising interest recorded on the current account. – securities portfolio: EUR 34 868 824. 65. The interest on securities is generated by investments placed in the form of securities in accordance with the principles of investment laid down in the Agreement giving the EIB the task of managing the Fund’s subtracted the EUR 6 726 949. 63 charged in the course of the year as the difference between the entry price and the redemption value divided pro rata temporis over the remaining life of the securities held (corresponding to the spread of the premium or discount entered in the profit and losses account). figure must, however, be liquid assets. From this – Appreciation on transfer of investment securities: EUR 814 384. 67 The interest received is entered in the results for the financial year. 5 3. 3. Recovery from defaulting debtors Any late repayments by defaulting countries on operations where the Fund has honoured the guarantee to EUR 326 997 234. 09 (see point 2. 1 of Annex II) of which EUR 5 318 632. 41 was recovered in 1999. are paid into the Fund. The running total now comes 4. THE FUND'S LIABILITIES 4. 1. Default payments The Fund’s guarantee was called in on three occasions in 1999, involving a total of EUR 16 247 803. 27 (see point 2. 1 of Annex II). 4. 2. EIB remuneration Article 6 of the management agreement between the Commission and the EIB sets an annual commission of 0. 125% calculated on the Fund’s average monthly balances. The figure is to be reviewed at the end of any year in which the Fund’s liquid assets reach ECU 300 million and no later than three years following the date of the first payment into the Fund, taking into account such things as the growth of the Fund’s activities. As the Fund had reached ECU 300 million at the end of 1995, the EIB's remuneration was reviewed. Taking into account the Bank's experience of the workload involved in its management, a supplementary agreement dated 17 September and 23 September 1996 to the Agreement on the financial management of the Fund took the annual payment to 0. 05% of the Fund’s assets; this rate was applied retrospectively to 31 December 1994. For 1999 the Bank’s remuneration was fixed at EUR 604 761. 67 and entered in the profit and loss account as accruals (liabilities) on the balance sheet. This payment was made to the EIB on 14 February 2000. 6 ANNEXES 7 ANNEX I: LEGAL BASES FOR PAYMENTS TO THE GUARANTEE FUND FROM THE GENERAL BUDGET The Annex to the Regulation concerning arrangements for payments under the Guarantee Fund stipulates that, for borrowing/lending operations or guarantees to financial bodies under a framework facility spread over several years and with a micro-economic and structural purpose, payments will be made in annual tranches calculated on the basis of the annual amounts indicated in the financial statement attached to the Commission proposal, adapted, where appropriate, in the light of the Council decision. In the case of other borrowing/lending operations such as balance of payments loans to non-member countries, irrespective of whether they are made in one or more than one tranche, the amount to be paid into the Fund will be calculated on the basis of the total amount for the operation decided on by the Council. Two transfers were made under this procedure in 1999. 1. DECISIONS COVERED BY TRANSFER 5/99 – As part of the financial cooperation with the Mediterranean countries: – Council Decision of 24 January 1994 for a three-year loan of ECU 115 million for Syria. – Council Decision of 14 April 1997 granting a Community guarantee to the EIB against losses under loans for projects outside the Community (central and eastern European countries, Mediterranean countries, Latin American and Asian countries and South Africa). – Council Decision of 19 May 1998 granting a Community guarantee to the EIB against losses under loans for projects in the former Yugoslav Republic of Macedonia and amending Decision 97/256/EC granting a Community guarantee to the European losses under loans for projects outside the Community Investment Bank against (central and eastern European countries, Mediterranean countries, Latin American and Asian countries and South Africa). – Council Decision of 14 December 1998 amending Decision 97/256/EC so as to extend the Community guarantee granted to the EIB to cover loans for projects in Bosnia and Herzegovina. 2. DECISIONS COVERED BY TRANSFER 67/99 – Council Decision of 22 April 1999 providing macro-financial assistance of EUR 20 million to Albania. – Council Decision of 10 May 1999 providing macro-financial assistance of EUR 20 million for the loan component to Bosnia and Herzegovina. 8 – Council Decision of 8 November 1999 providing supplementary macro-financial assistance of EUR 200 million to Romania. – Council Decision of 8 November 1999 providing supplementary macro-financial assistance of EUR 100 million to Bulgaria. – Council Decision of 8 November 1999 providing supplementary macro-financial assistance of EUR 50 million for the loan component to the former Yugoslav Republic of Macedonia. – Council Decision of 29 November 1999 granting a Community guarantee to the EIB the reconstruction projects losses the for of against for earthquake-stricken areas of Turkey. under loans 9 ANNEX II: EIB STATUS REPORT ON THE FUND AND ITS MANAGEMENT - REVENUE AND EXPENDITURE ACCOUNT AND BALANCE SHEET AT 31 DECEMBER 1999 1. DEVELOPMENT OF THE FUND IN 1999 As stated in point 2. 3, the total holdings of the Fund stood at EUR 1 297. 8 million at 31 December 1999 as against EUR 1 260. 8 million at 31 December 1998, an increase of EUR 37 million. ) s n o i l l i m R U E ( 1400 1200 1000 800 600 400 200 0 1998 1999 9 9 / 1 9 9 / 2 9 9 / 3 9 9 / 4 9 9 / 5 9 9 / 6 9 9 / 7 9 9 / 8 9 9 / 9 9 9 / 0 1 9 9 / 1 1 9 9 / 2 1 Fig. 1: Changes in assets in 1999 (January–December 1999) The Fund surplus of 297. 8 million at 31 December 1998 was repaid to the Commission on 31 March 1999 under Article 7 of the agreement. The Fund’s resources were increased by EUR 229. 1 million on 14 June 1999 and by EUR 71 million on 30 December 1999. The operating result came to EUR 41. 1 million at 31 December 1999 as against EUR 42. 6 million at 31 December 1998. Portfolio income (net of current liabilities and including appreciation on transfers of securities) reached EUR 29 million, representing more than 70% of the revenue recorded at 31 December 1999. 2. SITUATION OF THE FUND 2. 1. Resources at 31 December 1999 The Guarantee Fund balance fell by EUR 9 million, EUR 1 169 million at 31 December 1998 to EUR 1 160 million at 31 December 1999. less than 1% from i. e. 10 This is due to the movements shown in the following table: Resources Situation at 31/12/98 Movements in 1999 Situation at 31/12/99 Provisions Repayment of surplus Activation of guarantee Recovery of amounts guaranteed + - - + 1 338 344 000. 00 300 069 000. 00 1 638 413 000. 00 66 000 000. 00 297 800 000. 00 363 800 000. 00 425 311 882. 16 16 247 803. 27 441 559 685. 43 321 678 601. 68 5 318 632. 41 326 997 234. 09 Account balance 1 168 710 719. 52 - 8 660 170. 86 1 160 050 548. 66 EUR 4. 7 million was paid from the Fund on 9 March 1999, EUR 4. 6 million on 26 August 1999 and EUR 6. 9 million on 21 December 1999, giving a total of EUR 16. 2 million. Amounts recovered from defaulting debtors in 1999: VALUE DATE 21/01/99 11/02/99 12/02/99 27/08/99 09/11/99 09/11/99 12/11/99 TOTAL AMOUNT 5 000. 21 16 496. 85 723 631. 53 470 145. 74 2 966 842. 20 992 818. 75 143 697. 13 5 318 632. 41 2. 2. The Fund’s assets at 31 December 1999 The Fund’s assets at 31 December 1999 came to EUR 1 297. 8 million, broken down as follows. The Fund operates in one currency only - the euro. – EUR 480 million invested in short-term monetary deposits; – EUR 4. 7 million on current account; – EUR 813. 1 million in the investment portfolio (see table in 2. 3). 11 2. 3. Liquidity risk In accordance with the strategy agreed with the Commission for the management of Guarantee Fund assets in 1999, the funds available are distributed as follows: Fixed-rate investments Variable-rate TOTALS less than 3 months 3 months to 1 year 1 to 6 years securities Current accounts 4 749 649. 43 Fixed-term deposits 1 480 000 000. 00 4 749 649. 43 480 000 000. 00 Securities portfolio 13 515 683. 20 64 909 933. 31 323 564 278. 97 411 083 387. 99 813 073 283. 47 TOTALS in percentages 498 265 332. 63 64 909 933. 31 323 564 278. 97 411 083 387. 99 1 297 822 932. 90 38. 39 5. 00 24. 93 31. 68 100. 00 Cover of more than EUR 498 million2 at less than three months is maintained to correspond to the time by which the Commission must call on the Fund in the event of defaults on loan repayments. The remaining assets have been scheduled so that there is a regular flow of revenue and sufficient liquidity. At 31 December 1999 the target structure - one third short-term and two thirds divided equally into fixed-rate securities and variable-rate securities - had been respected, down to EUR 80 million. At 31 December 1999 the term of long-term fixed-rate investment came to 2. 3 years compared with the maximum 2. 5 years authorised; the term for variable-rate securities was 1. 5 months. 3. GUARANTEE FUND INVESTMENT: ANALYSIS OF RESULTS AND PERFORMANCE IN 1999 3. 1. General analysis income of EUR 41. 1 million Overall, Guarantee Fund operations produced net (EUR 40. 3 million not including appreciation on transfers of securities), giving an average yield of 3. 43%3 (3. 36% without appreciation on transfers of securities). The average EURIBID 3 month rate over the same period was 2. 84%, giving a positive overall spread of 59 basis points above the reference benchmark. 1 2 3 Including EUR 80 million received at the end of December and invested for one month in cash deposit accounts. The minimum required by the management principles is EUR 150 million. Basis for calculating overall yield: a/360. 12 Investment income at 31 December 1999 was as follows: Interest on short-term investment Interest on securities Interest on current account Appreciation on transfer of investment securities Spread of premium or discount Commissions and financial charges Total 3. 2. Sectoral analysis 3. 2. 1. Treasury operations 1999 (EUR million) 12. 7 34. 8 0. 2 0. 8 -6. 7 -0. 7 41. 1 in 1999 produced EUR 12. 7 million in interest on capital averaging Investment EUR 419. 9 million. The yield on investments in 1999 averaged 2. 97%,4 as against 4. 13% at 31 December 1998, because of the fall in short-term rates. The EURIBID 3 month benchmark rose in the final quarter as part of the transition to the year 2000, leading to a drop in yield. The spread obtained is 10 basis points above the three-month EURIBID rate. 5 PERIOD 1999 YIELD 2. 97% EURIBID three months 2. 87% SPREAD 0. 10% 4 5 Basis for calculating short-term money market operations: a/360. The "spread" measures the difference in rates between the actual rate of yield on an investment and the benchmark rate corresponding to the EURIBID 3 month rate in accordance with the guidelines in force. 13 • Movements in yield and reference rates in 1999 The table below shows the rates obtained for short-term money-market investments as compared with the three-month LIBID reference rate. 4 3. 8 3. 6 3. 4 3. 2 3 2. 8 2. 6 2. 4 2. 2 2 YIELD EURIBID 3 MONTHS 9 9 / 1 9 9 / 2 9 9 / 3 9 9 / 4 9 9 / 5 9 9 / 6 9 9 / 7 9 9 / 8 9 9 / 9 9 9 / 0 1 9 9 / 1 1 9 9 / 2 1 Fig. 2: Yield in relation to the benchmark rate Overall, the spread in relation to the benchmark rate was positive (an average of 10 basis points) for short-term investments. 60 40 20 0 -20 -40 -60 ) s t n i o p s i s a b ( EURIBID 3 MONTHS 9 9 / 1 9 9 / 2 9 9 / 3 9 9 / 4 9 9 / 5 9 9 / 6 9 9 / 7 9 9 / 8 9 9 / 9 9 9 / 0 1 9 9 / 1 1 9 9 / 2 1 Fig. 3: Yield spread 14 • Profile of counterparties In accordance with the agreement between the Community and the Bank on the management of the Guarantee Fund, all the securities held have a minimum credit rating of A1. Aa2 9% Aa1 8% A1 34% Aa3 49% Fig. 4: Breakdown of short-term investment by type of counterparty at 31/12/99 • Geographical breakdown Geographical breakdown of the countries with which the Fund made fixed-term deposits in 1999, with indication of the average capital: 120 100 80 60 40 20 0 ) n o i l l i m R U E ( l y a t I i m u g e B l e c n a r F k r a m n e D d n a e r I l s d n a l r e h t e N g r u o b m e x u L m o d g n i K d e t i n U y n a m r e G i n a p S n e d e w S e c e e r G d n a n F i l Fig. 5: Short-term investment: geographical breakdown of average capital The EIB is pursuing its objective of better geographical distribution while at the same time maintaining the competitiveness of the yield obtained. 15 3. 2. 2. Investment portfolio: The securities portfolio, seen as an investment portfolio, is made up of securities in EUR acquired with the intention of keeping them until maturity: at 31 December 1999 the fixed-interest securities whose residual period to maturity is less than 3 months totalled EUR 13. 5 million. The other fixed-interest securities with a residual period to maturity of between 3 months and 6 years) total EUR 388. 5 million. The variable-rate securities total EUR 411. 1 million, giving an overall book value of EUR 813. 1 million. The starting value of the securities in this portfolio is the cost of acquisition. The difference between the entry price and the redemption value is divided pro rata temporis over the remaining life of each of the securities. 31 December 1999 At portfolio was value EUR 803. 9 million against a book value of EUR 813. 1 million (including the premium to be written off). investment nominal the the of The portfolio gave a result of EUR 28. 1 million at 31 December 1999. This result breaks down as follows: Interest received 34 868 824. 65 Spread of the premium -6 726 949. 63 28 141 875. 02 The sale of an EDF (Electricité de France) security realised a gain of EUR 0. 8 million. This sale occurred after the S&P rating agency lowered the EDF rating from AAA to AA+. Total revenue comes to EUR 29 million. came The book profit of the investment portfolio (not including appreciation on transfers of securities) 4. 44% at 31 December 1998. With a Salomon index reference benchmark for fixed-rate securities and the Euribid 3 months for variable-rate securities, the overall spread is positive by 44 basis points in relation to the aggregate benchmark of 3. 23% (see table below). 31 December 1999 compared with 3. 68% at to YIELD FROM GUARANTEE FUND INVESTMENT PORTFOLIO Entryprice Averagecapital EUR Percentage Variablerate Percentage Yield Fixedrate Portfolio a/365 Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. 658. 499. 488 701. 817. 873 711. 089. 492 710. 006. 610 711. 320. 129 752. 692. 718 823. 102. 738 822. 488. 702 821. 690. 251 821. 663. 892 821. 883. 742 822. 345. 770 Annual 764. 883. 450 40,7% 42,9% 44,4% 44,9% 46,2% 48,7% 49,8% 49,9% 49,9% 49,9% 49,9% 49,9% 47,5% * Salomon index = EGBI 1-3 yrs EGBI 3-5 yrs 3 M eurodeposit 59,3% 57,1% 55,6% 55,1% 53,8% 51,3% 50,2% 50,1% 50,1% 50,1% 50,1% 50,1% 52,5% 45. 0% 45. 0% 10. 0% 4,19% 3,98% 3,84% 3,81% 3,67% 3,51% 3,45% 3,47% 3,48% 3,52% 3,64% 3,76% 3,68% 16 Benchmark Benchmark Benchmark, Spread YTMSalomon* Libid3m aggregate a/365 3,29% 3,09% 3,31% 3,10% 2,94% 3,04% 3,49% 3,77% 3,87% 4,04% 4,30% 4,27% 3,54% a/365 3,06% 3,01% 2,96% 2,63% 2,48% 2,53% 2,59% 2,61% 2,62% 3,27% 3,39% 3,38% 2,88% bp 100 92 68 92 94 71 41 28 24 -14 -20 -6 44 3,20% 3,06% 3,15% 2,89% 2,73% 2,80% 3,04% 3,19% 3,24% 3,66% 3,84% 3,83% 3,23% The aggregate benchmark came to 4. 08% at 31 December 1998. The bond portfolio is an investment portfolio and it is therefore the intention to keep the securities in the portfolio until they mature. The Guarantee Fund has decided to invest a proportion of its resources in this type of fixed-rate product which allows a higher yield than monetary instruments. By way of information, at 31 December 1999 the market value of the investment portfolio came to EUR 808. 6 million compared with the entry price of EUR 822. 7 million (not including interest accrued and premiums/discounts and appreciation on transfers of securities), an unrealised loss of EUR 14. 1 million. This unrealised loss is the result of the recovery of long-term rates in the second half of 1999. As part of the aim to improve the overall yield of the Fund, the investment portfolio has led to an increase from 2. 97% (monetary component) to 3. 43% (overall yield of the Fund); thus satisfying the objective and still protecting the capital on maturity. • Movement in the unrealised result in 1999 (not including interest or premiums and discounts) 4 2 0 -2 -4 -6 -8 -10 -12 -14 -16 -18 ) s n o i l l i m R U E ( 8 9 / 2 1 9 9 / 1 9 9 / 2 9 9 / 3 9 9 / 4 9 9 / 5 9 9 / 6 9 9 / 7 9 9 / 8 9 9 / 9 9 9 / 0 1 9 9 / 1 1 9 9 / 2 1 Fig. 6: Movements in the unrealised result in 1999 • Breakdown of the portfolio between fixed-rate and variable-rate securities 50. 1% 49. 9% FIXED RATE VARIABLE RATE Fig. 7: Breakdown of the investment portfolio between fixed-rate and variable-rate securities at 31/12/99 17 • Redemption of investment portfolio: ) n o i l l i m R U E ( 250 200 150 100 50 0 Variable Fixed 2000 2001 2002 2003 2004 2005 2006 2007 2008 Fig. 8: Investment portfolio: Redemption at 31/12/99 The last final maturity date for fixed-rate securities is 20 October 2004. • Profile of issuers All the securities held meet the following criteria: – Either they are issued by the States and/or institutions guaranteed by the European Union, the G10 or supranational bodies; – or they are issued by another sovereign State with a rating of at least Aa3; – or they are issued by another issuer with a rating of Aaa. The profile of issuers was as follows at 31 December 1999: Other Issuers / Aaa 30% Supra 26% Gov. /Agency Gov. 44% Fig. 9: Investment portfolio: Profile of issuers at 31/12/99 18 POSITION OF THE GUARANTEE FUND AT 31 DECEMBER 1999 31/12/1999 4. 749. 649,43 480. 000. 000,00 484. 749. 649,43 813. 073. 283,47 813. 073. 283,47 15. 913. 799,93 15. 913. 799,93 1. 313. 736. 732,83 31/12/1999 1. 160. 050. 548,66 1. 160. 050. 548,66 604. 761,67 604. 761,67 111. 950. 328,60 41. 131. 093,90 153. 081. 422,50 1. 313. 736. 732,83 34. 868. 824,65 814. 384,67 12. 659. 514,63 219. 810,68 48. 562. 534,63 - 6. 726. 949,63 - 604. 761,67 - 99. 729,43 - 7. 431. 440,73 41. 131. 093,90 ASSETS Receivables with credit institutions CURRENT ACCOUNT FIXED-TERM DEPOSITS Investment portfolio SECURITIES PORTFOLIO Other receivables ACCRUALS TOTAL LIABILITIES Guarantee Fund GUARANTEE FUND Other liabilities ACCRUALS Result Result carried over Result for 1999 TOTAL PROFIT AND LOSS AT 31 December 1999 1. INCOME Interest on securities Appreciation on transfer of investment securities Interest on investments Interest on current account SUB-TOTAL 2. COSTS Spread of premium or discount Commissions Financial charges SUB-TOTAL NET RESULT 19 Position of the Guarantee Fund Payments Interest Late repayments (**) Credits Drawn EIB,other Guarantee Default int. Repaid to budget Debits Annual balance (***) a b c d e=(a+b+c+d) f g h i=(f+g+h) j=(e-i) (*) Overall default k=(f-c) 293. 720. 000 478. 331 294. 198. 331 0 0 2. 699 2. 699 294. 195. 633 250. 750. 000 23. 539. 828 35. 312. 571 317. 997 309. 920. 396 303. 072. 581 195. 618 303. 268. 198 6. 652. 198 267. 760. 010 235. 390. 000 19. 842. 550 49. 145. 897 6. 569. 307 310. 947. 754 52. 540. 497 1. 849. 279 54. 389. 775 256. 557. 979 271. 154. 609 286. 095. 000 34. 506. 566 34. 107. 641 10. 925. 641 365. 634. 848 54. 290. 854 6. 962. 746 61. 253. 600 304. 381. 249 272. 389. 000 50. 185. 883 172. 445. 144 12. 854. 403 507. 874. 430 15. 407. 951 7. 592. 489 66. 000. 000 89. 000. 440 418. 873. 990 300. 069. 000 48. 562. 535 3. 305. 633 2. 012. 999 353. 950. 167 16. 247. 803 7. 431. 441 297. 800. 000 321. 479. 244 32. 470. 923 291. 337. 822 134. 300. 629 147. 242. 799 Credits 1994 Debits 1994 Balance, 31. 12. 94 Credits 1995 Debits 1995 Balance, 31. 12. 95 Credits 1996 Debits 1996 Balance, 31. 12. 96 Credits 1997 Debits 1997 Balance, 31. 12. 97 Credits 1998 Debits 1998 Balance, 31. 12. 98 Credits 1999 Debits 1999 Balance, 31. 12. 99 Running total 1. 638. 413. 000 177. 115. 693 294. 316. 887 32. 680. 347 2. 142. 525. 927 441. 559. 685 24. 034. 270 363. 800. 000 829. 393. 956 1. 313. 131. 971 (*) Actual overall default at year-end. (**) The figure for repayments consists of the amount drawn from the Fund plus the default interest on late payment. (***) The overall annual balance (EUR 1 313 131 971) is net of the EIB remuneration for 1999 (EUR 604 762). 20 ANNEX III: CONSOLIDATED FINANCIAL BALANCE SHEET OF THE GUARANTEE FUND AT 31 DECEMBER 1999 The consolidated financial balance sheet at 31 December 1999 is provided to supplement the position of the Guarantee Fund as set out in Annex II. The consolidated balance sheet also includes an additional EUR 184 531 820. 37 which breaks down as follows: - on the assets side, receivables with recipients of loans granted or guaranteed by the Commission totalling EUR 147 242 798. 63 for third countries’ arrears on the payment of principal, interest due and default interest covered by the Guarantee Fund and EUR 37 289 021. 74 at interest 31 December 1999. This default interest has been calculated in line with the penalty rates laid down in the loan contracts. received incurred default but not for the Fund’s resources which still have to be replenished - on the liabilities side, (EUR 145 229 799. 66), received incurred interest (EUR 37 289 021. 74) and interest received on late recoveries (EUR 2 012 998. 97) entered in the profit and loss account. default but not 21 CONSOLIDATED FINANCIAL BALANCE SHEET OF THE GUARANTEE FUND AT 31 DECEMBER 1999 ASSETS Current account Fixed-term deposits Portfolio Investment portfolio Receivables with recipients of loans granted or guaranteed by the Community Arrears covered by the Fund (1) Default interest incurred but not received Other receivables Accruals TOTAL ASSETS LIABILITIES Guarantee Fund Payments from the budget (2) - surplus to be paid to the budget Default interest incurred but not received Other liabilities Accruals Result Result carried over (3) Result for financial year TOTAL LIABILITIES PROFIT AND LOSS AT 31/12/99 1. INCOME Interest on investment securities Appreciation on transfer of investment securities Interest on investments Interest on current account Default interest received on late recoveries TOTAL INCOME (A) 2. COSTS Spread of premium or discount Commissions Financial charges TOTAL COSTS (B) 31. 12. 99 EUR 31. 12. 98 4. 749. 649,43 35. 049. 861,51 480. 000. 000,00 602. 000. 000,00 813. 073. 283,47 623. 799. 322,48 147. 242. 798,63 134. 300. 628,80 37. 289. 021,74 27. 696. 605,47 15. 913. 799,93 20. 318. 663,56 1. 498. 268. 553,20 1. 443. 165. 081,82 1. 166. 713. 000,00 974. 544. 000,00 107. 900. 000,00 297. 800. 000,00 37. 289. 021,74 27. 696. 605,47 1. 311. 902. 021,74 1. 300. 040. 605,47 604. 761,67 506. 799,43 142. 617. 676,92 43. 144. 092,87 87. 169. 879,92 55. 447. 797,00 185. 761. 769,79 142. 617. 676,92 1. 498. 268. 553,20 1. 443. 165. 081,82 34. 868. 824,65 31. 332. 891,39 814. 384,67 0,00 12. 659. 514,63 18. 194. 230,75 219. 810,68 2. 012. 998,97 50. 575. 533,60 658. 760,83 12. 854. 402,97 63. 040. 285,94 6. 726. 949,63 7. 023. 464,88 604. 761,67 99. 729,43 506. 799,43 62. 224,63 7. 431. 440,73 7. 592. 488,94 NET RESULT (A – B) (1) Capital, interest, default interest covered by payments from the Fund. (2) Reduced by EUR 363. 8 million (the overall surplus repaid to the statement of revenue in the budget of the European 43. 144. 092,87 55. 447. 797,00 Communities in accordance with Article 3 of Regulation No 2728/94 establishing the Guarantee Fund). (3) In the report at 31. 12. 98 the repayment of the Fund surplus to the budget was entered in the profit and loss account of the balance sheet. The necessary adjustments have been made to make this consistent with the 1999 balance sheet. The gains carried over have been increased by EUR 66 million. 22


title: WRITTEN QUESTION E-1311/00 by Glyn Ford (PSE) to the Commission. Grants for town twinning.

eurovoc_concepts:
EU financing arrangements
Lower Normandy
South West (England)
twinning

formats: html pdf print

text: C 53 E/124 Official Journal of the European Communities EN 20. 2. 2001 (2001/C 53 E/157) WRITTEN QUESTION E-1309/00 by Nicholas Clegg (ELDR) to the Commission (27 April 2000) Subject: China(cid:146)s accession to the WTO What plans have been developed to ensure that a significant European and multi-lateral technical assistance package is established as a flanking measure to China(cid:146)s forthcoming accession to the WTO aimed at improving the administrative and legal capacity in China to implement fully the obligations of China(cid:146)s WTO membership? In particular, what discussions have taken place to ensure that the EU and the US provide properly co-ordinated assistance in this field? Answer given by Mr Lamy on behalf of the Commission (13 June 2000) In order to help make China(cid:146)s further integration into the world economy as smooth as possible, the Commission has put in place a series of co-operation projects. These are designed to contribute to building the capacity of China(cid:146)s government and administration in areas directly related to the implementation of its impending commitments under the World Trade Organisation (WTO). The Commission attaches great importance to the fact that technical assistance for implementation is provided in a spirit of co-operation and partnership with China and covers more than just surveillance from the Community side. Five projects, with a budget totalling around € 22 million, have already been tabled (cid:129) some are already underway, and others are due to come on stream in the months ahead. In particular, a framework programme in support of WTO accession, providing training for Chinese officials who will be dealing with the implementation of China(cid:146)s commitments, will come on stream later this year. Projects under way cover the development of a modern and effective system for the protection of intellectual property rights, the establishment of a framework for transparent and non-discriminatory public procurement, as well as the collection and provision of statistics. Finally, a broad-based initiative to assist in the reform and restructuring of the financial services sector is due to start at the end of this year. In addition, support for economic and social reform will continue to be a priority for co-operation funding in the future. The Commission is examing how to enhance existing programmes should this prove necessary in the light of the first experience with the five projects mentioned above. To date, the Commission is not aware of any concrete plans by the United States to provide WTO-related technical assistance to China. However, the Commission is seeking to coordinate its cooperation activities with the United States and other donors active in this area, with a view to avoiding overlaps and developing synergies between respective programmes. (2001/C 53 E/158) WRITTEN QUESTION E-1311/00 by Glyn Ford (PSE) to the Commission (27 April 2000) Subject: Grants for town twinning In May 1999 The Dorchester (cid:129) Bayeux Twinning Society in the UK applied to the Commission for a grant for a twinning event. It was not until well after the event that they were informed that they had been awarded a grant of € 1 200 towards expenses. The Society was told to re-submit its application in order to 20. 2. 2001 EN Official Journal of the European Communities C 53 E/125 receive payment of the grant. Four months later the Twinning Society had still heard nothing back from the Commission. Upon contacting the relevant Directorate-General directly, they were informed by a female official there that she did not have sufficient staff to make out the cheque, or the authority to appoint anyone to do this. Will the Commission look into this matter and subsequently indicate what measures it intends to take to improve the efficiency of its facilities for awarding grants for twinning? Answer given by Mrs Reding on behalf of the Commission (9 June 2000) The Commission acknowledges that it has failed to answer within a reasonable deadline. However, a contributing reason for the delay was technical difficulties in transferring the grant to the applicant. The account number indicated by Dorchester was not suitable to receive electronic payment. Thus, the procedure had to be carried out through another bank, which meant an additional delay. Now, the Commission is glad to inform the Honourable Member that the payment has been executed. (2001/C 53 E/159) WRITTEN QUESTION E-1312/00 by Glyn Ford (PSE) to the Commission (27 April 2000) Subject: Omnipaque/Iohexol and arachnoiditis Omnipaque (or Iohexol as it is also called) is a dye that is injected into patients to enable doctors to carry out a myelogram. This dye is linked with arachnoiditis, a progressive, debilitating and extremely painful disease. The symptoms take a long time to manifest themselves, with the result that many patients do not connect them with the original dye. Indeed, many patients are mistakenly diagnoses as having arthritis. In 1997/1998 Senator Traficant put a bill before the House of Representatives in the USA to have this dye banned, stating that it had been proven to cause arachnoiditis. Will the Commission indicate whether it has received details of other cases relating to the after-effects of this dye? Will the Commission also indicate what investigations, if any, it has carried out into this dye and its after- effects. If the Commission has not as yet carried out any investigation into this dye, does it intend to do so in the near future? Answer given by Mr Liikanen on behalf of the Commission (8 June 2000) Omnipaque is a medicinal product whose active substance is iohexol. It is an iodised contrast agent used in various radiological examinations. Authorisations to place it on the market have been granted by the national authorities, which are thus also responsible for its follow-up, including pharmacovigilance


title: PERGUNTA ESCRITA E-1289/00 apresentada por Pasqualina Napoletano (PSE) ao Conselho. Rapto de crianças da Somália a famílias de adopção italianas.

eurovoc_concepts: judicial cooperation in criminal matters in the EU

text: 6. 3. 2001 PT Jornal Oficial das Comunidades Europeias C 72 E/37 Que medidas adoptou a Comissªo contra estes e outros subs(cid:237)dios directos e indirectos e que medidas tenciona adoptar? Caso nªo tenham sido adoptadas quaisquer medidas, pode a Comissªo indicar um prazo para a adop(cid:231)ªo de medidas concretas? Resposta dada pela ComissÆria Loyola de Palacio em nome da Comissªo (15 de Junho de 2000) 1. No que se refere (cid:224)s subven(cid:231)ıes concedidas ao sector da energia nuclear, a Comissªo confirma que quando foram feitas alega(cid:231)ıes relativamente (cid:224) atribui(cid:231)ªo de aux(cid:237)lios estatais (cid:224) produ(cid:231)ªo de energia nuclear no territ(cid:243)rio da Comunidade, a materialidade dos factos nunca p(cid:244)de ser estabelecida pelos queixosos. De resto, determinadas disposi(cid:231)ıes do Tratado CE permitem a atribui(cid:231)ªo de aux(cid:237)lios ou a adop(cid:231)ªo de medidas com efeitos equivalentes. Em caso de denœncia Ø necessÆrio efectuar uma avalia(cid:231)ªo precisa, para cada um dos casos, tendo em vista determinar a compatibilidade dos aux(cid:237)lios. Os exemplos avan(cid:231)ados pela Sra Deputada correspondem aos critØrios estabelecidos pela Comissªo 2. no seu enquadramento dos aux(cid:237)lios (cid:224) investiga(cid:231)ªo, nomeadamente dos aux(cid:237)lios estatais. As regras aplicÆveis no plano internacional em matØria de responsabilidade civil nuclear foram fixadas nas Conven(cid:231)ıes de Paris, Bruxelas e Viena sobre a responsabilidade civil nuclear. Nem todos os Estados- -membros sªo signatÆrios destas; nªo podem assim verificar-se limita(cid:231)ıes na Comunidade. A Comissªo nªo pode identificar os testes de seguran(cid:231)a que seriam financiados nos termos das disposi(cid:231)ıes do Tratado Euratom. A obriga(cid:231)ªo que incumbe aos operadores de centrais nucleares de constituir reservas financeiras a fim de, posteriormente, poderem financiar o aval do ciclo do combust(cid:237)vel e o desmantelamento das instala(cid:231)ıes representa um mØtodo comummente utilizado de internaliza(cid:231)ªo dos custos externos da energia nuclear. Trata-se de provisıes para encargos futuros que, em princ(cid:237)pio, nªo constituem subven(cid:231)ıes. A Comissªo estÆ, contudo, a examinar uma denœncia relativa a esta matØria. Por outro lado, o mercado interno beneficiaria dos esfor(cid:231)os de harmoniza(cid:231)ªo nesse dom(cid:237)nio. Dadas as informa(cid:231)ıes de que dispıe, a Comissªo nªo antevŒ que tipo de medidas espec(cid:237)ficas do sector nuclear poderiam ser lan(cid:231)adas para alØm da aplica(cid:231)ªo do direito comunitÆrio decorrente dos Tratados. No que diz respeito ao carvªo, a Comissªo nªo pode senªo reafirmar o facto de que os aux(cid:237)lios directos e indirectos (cid:224) indœstria do carvªo sªo examinados no (cid:226)mbito da Decisªo no 3632/93/CECA da Comissªo, de 28 de Dezembro de 1993, relativa ao regime comunitÆrio das interven(cid:231)ıes dos Estados-membros a favor da indœstria do carvªo (1), decisªo essa que se encontra baseada no princ(cid:237)pio da transparŒncia. ConvirÆ, igualmente, recordar que os aux(cid:237)lios de natureza regional que tŒm por objectivo a reconversªo das bacias carbon(cid:237)feras afectadas pelas reestrutura(cid:231)ıes nªo sªo analisados nesse contexto, mas no das al(cid:237)neas a) e c) do artigo 87o (ex-artigo 92o) do Tratado CE. (1) JO L 329 de 30. 12. 1993. (2001/C 72 E/041) PERGUNTA ESCRITA E-1289/00 apresentada por Pasqualina Napoletano (PSE) ao Conselho (27 de Abril de 2000) Objecto: Rapto de crian(cid:231)as da SomÆlia a fam(cid:237)lias de adop(cid:231)ªo italianas Nos œltimos anos tŒm-se verificado vÆrios casos de raptos de crian(cid:231)as, sobretudo provenientes da SomÆlia, a fam(cid:237)lias de adop(cid:231)ªo italianas, por parte dos «pais» (verdadeiros ou presum(cid:237)veis) e levados ilegalmente para outros pa(cid:237)ses (nomeadamente para vÆrios pa(cid:237)ses da Uniªo Europeia). C 72 E/38 Jornal Oficial das Comunidades Europeias PT 6. 3. 2001 Em alguns casos foi poss(cid:237)vel localizar as crian(cid:231)as, mas as fam(cid:237)lias de adop(cid:231)ªo viram-se confrontadas com grandes dificuldades para fazerem valer os seus direitos junto das autoridades judiciais de alguns Estados- -membros da Uniªo. Suspeita-se, com algum fundamento, que em muitos casos as crian(cid:231)as tenham sido raptadas nªo pelos verdadeiros pais mas por terceiros com objectivos de lucro. Registaram-se muitos problemas devido nomeadamente (cid:224) nªo aplica(cid:231)ªo da Conven(cid:231)ªo de Haia sobre o rapto il(cid:237)cito de menores, com as consequentes dificuldades em garantir as condi(cid:231)ıes de tratamento e de saœde das crian(cid:231)as, de exercer o direito de visita e de obter, desse modo, a repatria(cid:231)ªo dos mesmos, tal como o prevŒ a Conven(cid:231)ªo. Tudo isto se deve (cid:224) tendŒncia por parte das autoridades judiciais de alguns Estados signatÆrios de reexaminarem o procedimento de adop(cid:231)ªo, em flagrante contradi(cid:231)ªo com o esp(cid:237)rito da Conven(cid:231)ªo que limita a revisªo a casos particulares. Tendo estes factos em conta, poderÆ o Conselho informar: (cid:129) que medidas tencionam as Institui(cid:231)ıes da Uniªo tomar para garantir uma efectiva coopera(cid:231)ªo judicial em matØria de adop(cid:231)ªo e rapto internacional de menores? (cid:129) que medidas tencionam tomar para garantir uma harmoniza(cid:231)ªo das normas dos Estados-membros em matØria de reconhecimento da adop(cid:231)ªo de menores? (cid:129) que medidas tencionam tomar para garantir que os acordos internacionais em vigor (Conven(cid:231)ªo de Haia e outros) sejam efectiva e integralmente respeitados por parte das autoridades dos Estados- -membros? Resposta (18/19 de Setembro de 2000) No plano de ac(cid:231)ªo de Viena de 3 de Dezembro de 1998 e nas Conclusıes do Conselho Europeu de Tampere, de 15 e 16 de Outubro de 1999, sªo fixadas as grandes linhas de trabalho para os pr(cid:243)ximos anos, no dom(cid:237)nio nomeadamente da coopera(cid:231)ªo judiciÆria em matØria civil, na perspectiva do estabeleci- mento de um espa(cid:231)o de seguran(cid:231)a, liberdade e justi(cid:231)a. Nªo se encontra previsto em tais orienta(cid:231)ıes qualquer lan(cid:231)amento, atØ 2004, de trabalhos sobre a possibilidade de adop(cid:231)ªo e sobre o desvio internacional de menores. Nªo obstante, se a Comissªo ou um Estado-membro viessem, de harmonia com as normas estabelecidas no no 1 do artigo 67o do Tratado, a apresentar qualquer proposta ou iniciativa, o Conselho analisÆ-la-ia com a maior aten(cid:231)ªo. AlØm disso, o Conselho aprovou recentemente um regulamento, de 29 de Maio de 2000, relativo (cid:224) competŒncia, ao reconhecimento e (cid:224) execu(cid:231)ªo de decisıes em matØria matrimonial e de regula(cid:231)ªo do poder paternal em rela(cid:231)ªo a filhos comuns do casal. Neste regulamento sªo definidas normas relativamente aos processos c(cid:237)veis referentes (cid:224) regula(cid:231)ªo do poder paternal em rela(cid:231)ªo a filhos comuns de casais objecto de ac(cid:231)ıes tendentes (cid:224) dissolu(cid:231)ªo ou enfraquecimento dos seus la(cid:231)os matrimoniais. Este Regulamento vem jÆ introduzir uma certa harmoniza(cid:231)ªo entre as disposi(cid:231)ıes vigentes nos Estados-membros em matØria nomeadamente de reconhecimento de decisıes tomadas noutro Estado-membro. No que se refere (cid:224) terceira pergunta, o Conselho estÆ ciente de que existem em matØria de protec(cid:231)ªo de menores instrumentos internacionais de que os Estados-membros sªo parte e nomeadamente, tal como muito bem refere a Sra Deputada, a Conven(cid:231)ªo de Haia, de 25 de Outubro de 1980, sobre os Aspectos Civis do Rapto Internacional de Crian(cid:231)as. Tratam-se de conven(cid:231)ıes que os Estados-membros assinaram e ratificaram. Cabe a cada um dos Estados-membros respeitar e aplicar as mesmas conven(cid:231)ıes, de harmonia com as regras do direito internacional


title: ΓΡΑΠΤΗ ΕΡΩΤΗΣΗ E-1311/00 υποβολή: Glyn Ford (PSE) προς την Επιτροπή. Επιχορηγήσεις για την αδελφοποίηση πόλεων.

text: C 53 E/124 Επι΄σηµη Εφηµερι΄δα των Ευρωπαι¤κω΄ν Κοινοτη΄των EL 20. 2. 2001 (2001/C 53 E/157) GRAPTH ERVTHSH E-1309/00 ypobolh·: Nicholas Clegg (ELDR) prow thn Epitroph· (27 Aprili·oy 2000) Ue·ma: Προσχω΄ρηση της Κι΄νας στον ΠΟΕ Τι µε΄τρα ε΄χουν προβλεφθει΄ για να διασφαλιστει΄ η χορη΄γηση σηµαντικη΄ς ευρωπαι¤κη΄ς και πολυµερου΄ς τεχνικη΄ς βοη΄θειας ως συνοδευτικου΄ µε΄τρου στην επικει΄µενη προσχω΄ρηση της Κι΄νας στον ΠΟΕ προκειµε΄νου να βελτιωθει΄ η νοµικη΄ και τεχνικη΄ ικανο΄τητα της Κι΄νας να εφαρµο΄σει πλη΄ρως τις υποχρεω΄σεις της ως µε΄λους του ΠΟΕ; Ειδικο΄τερα, τι συζητη΄σεις ε΄χουν διεξαχθει΄ προκειµε΄νου να διασφαλιστει΄ ο΄τι η ΕΕ και οι ΗΠΑ θα παρα΄σχουν δεο΄ντως συντονισµε΄νη βοη΄θεια στον τοµε΄α αυτο΄ν; Apa·nthsh toy k. Pascal Lamy ej ono·matow thw Epitroph·w (13 Ioyni·oy 2000) Για την ο΄σο το δυνατο΄ν οµαλο΄τερη περαιτε΄ρω ενσωµα΄τωση της Κι΄νας στην παγκο΄σµια οικονοµι΄α, η Επιτροπη΄ ε΄θεσε σε εφαρµογη΄ σειρα΄ σχεδι΄ων συνεργασι΄ας, τα οποι΄α αποσκοπου΄ν να συµβα΄λουν στην ενι΄σχυση της ικανο΄τητας διακυβε΄ρνησης και δηµο΄σιας διοι΄κησης της Κι΄νας σε τοµει΄ς α΄µεσα συνδεδεµε΄νους µε την επικει΄µενη ανα΄ληψη υποχρεω΄σεων στο πλαι΄σιο του Παγκο΄σµιου Οργανισµου΄ Εµπορι΄ου (ΠΟΕ). Η Επιτροπη΄ αποδι΄δει ιδιαι΄τερη σηµασι΄α στο γεγονο΄ς ο΄τι η τεχνικη΄ βοη΄θεια για την εφαρµογη΄ παρε΄χεται σε πνευ΄µα συνεργασι΄ας και στο πλαι΄σιο εταιρικη΄ς σχε΄σης µε την Κι΄να και αποτελει΄ περισσο΄τερο απο΄ µια απλη΄ εποπτει΄α εκ µε΄ρους της Κοινο΄τητας. Με΄χρι ση΄µερα ε΄χουν η΄δη υποβληθει΄ πε΄ντε σχε΄δια συνολικου΄ πρου¤πολογισµου΄ περι΄που 22 εκατ. ευρω΄. Ορισµε΄να εξ αυτω΄ν βρι΄σκονται η΄δη υπο΄ εξε΄λιξη, και α΄λλα αναµε΄νεται να αρχι΄σουν να εφαρµο΄ζονται κατα΄ τους επο΄µενους µη΄νες. Συγκεκριµε΄να, εντο΄ς του ε΄τους θα τεθει΄ σε εφαρµογη΄ ε΄να προ΄γραµµα πλαι΄σιο για την στη΄ριξη της προσχω΄ρησης της Κι΄νας στον ΠΟΕ, το οποι΄ο αποσκοπει΄ στην κατα΄ρτιση των κινε΄ζων υπαλλη΄λων που ει΄ναι αρµο΄διοι για την εκπλη΄ρωση των υποχρεω΄σεων της Κι΄νας. Τα υπο΄ εξε΄λιξη σχε΄δια καλυ΄πτουν την ανα΄πτυξη ενο΄ς συ΄γχρονου και αποτελεσµατικου΄ συστη΄µατος για την προστασι΄α των δικαιωµα΄των πνευµατικη΄ς ιδιοκτησι΄ας, τη θε΄σπιση ενο΄ς πλαισι΄ου για διαφανει΄ς και χωρι΄ς διακρι΄σεις δηµο΄σιες συµβα΄σεις, καθω΄ς και τη συλλογη΄ και την παροχη΄ στατιστικω΄ν στοιχει΄ων. Τε΄λος, αναµε΄νεται να αναληφθει΄ µια ευρυ΄τερη πρωτοβουλι΄α για τη στη΄ριξη της µεταρρυ΄θµισης και της αναδια΄ρθρωσης του τοµε΄α των χρηµατοοικονοµικω΄ν υπηρεσιω΄ν περι΄ τα τε΄λη του τρε΄χοντος ε΄τους. Επιπλε΄ον, η στη΄ριξη της οικονοµικη΄ς και κοινωνικη΄ς µεταρρυ΄θµισης θα εξακολουθη΄σει να αποτελει΄ προτεραιο΄τητα για τη µελλοντικη΄ χρηµατοδο΄τηση της συνεργασι΄ας. Η Επιτροπη΄ η΄δη εξετα΄ζει τρο΄πους για την προω΄θηση, εφο΄σον παραστει΄ ανα΄γκη, των υφιστα΄µενων προγραµµα΄των υπο΄ το πρι΄σµα της εµπειρι΄ας που θα αποκτη΄σει απο΄ τα πε΄ντε προαναφερο΄µενα σχε΄δια. Με΄χρι ση΄µερα, η Επιτροπη΄ δεν γνωρι΄ζει την υ΄παρξη συγκεκριµε΄νων σχεδι΄ων των Ηνωµε΄νων Πολιτειω΄ν για την παροχη΄ τεχνικη΄ς βοη΄θειας στην Κι΄να στο πλαι΄σιο του ΠΟΕ. Ωστο΄σο, η Επιτροπη΄ επιδιω΄κει να συντονι΄σει τις δραστηριο΄τητες συνεργασι΄ας της µε τις Ηνωµε΄νες Πολιτει΄ες και α΄λλους χρηµατοδο΄τες που δραστηριοποιου΄νται στον τοµε΄α αυτο΄ν, µε σκοπο΄ την αποφυγη΄ αλληλεπικαλυ΄ψεων και την ανα΄πτυξη συνεργιω΄ν µεταξυ΄ αντι΄στοιχων προγραµµα΄των. (2001/C 53 E/158) GRAPTH ERVTHSH E-1311/00 ypobolh·: Glyn Ford (PSE) prow thn Epitroph· (27 Aprili·oy 2000) Ue·ma: Επιχορηγη΄σεις για την αδελφοποι΄ηση πο΄λεων Τον Μα΄ιο 1999 η Εταιρει΄α Αδελφοποιη΄σεως Dorchester-Bayeux στο Ηνωµε΄νο Βασι΄λειο υπε΄βαλε αι΄τηση στην Επιτροπη΄ για επιχορη΄γηση µιας εκδηλω΄σεως αδελφοποιη΄σεως. Αφου΄ ει΄χε η΄δη διεξαχθει΄ η εκδη΄λωση, πληροφορη΄- θηκε ο΄τι της ε΄χει παρασχεθει΄ επιχορη΄γηση 1200 ευρω΄ για τις σχετικε΄ς δαπα΄νες. Στην εταιρει΄α υποδει΄χθηκε να 20. 2. 2001 EL Επι΄σηµη Εφηµερι΄δα των Ευρωπαι¤κω΄ν Κοινοτη΄των C 53 E/125 υποβα΄λει εκ νε΄ου την αι΄τηση΄ της για να της καταβληθει΄ το ποσο΄. Παρη΄λθε τετρα΄µηνο και η Εταιρει΄α Αδελφοποιη΄σεως δεν ει΄χε νε΄α απο΄ την Επιτροπη΄. Όταν η΄λθε σε επαφη΄ απ(cid:146) ευθει΄ας µε τη σχετικη΄ Γενικη΄ ∆ιευ΄θυνση, µι΄α υπα΄λληλος της Επιτροπη΄ς πληροφο΄ρησε την εταιρει΄α ο΄τι η ι΄δια δεν ει΄χε αρκετο΄ προσωπικο΄ για να εκδω΄σει τη σχετικη΄ επιταγη΄ ου΄τε η΄ταν αρµο΄δια να ορι΄σει α΄λλον να το πρα΄ξει. Προτι΄θεται η Επιτροπη΄ να δει το συγκεκριµε΄νο θε΄µα και εν συνεχει΄α να αναφε΄ρει ποι΄α µε΄τρα σκοπευ΄ει να λα΄βει προς βελτι΄ωση της αποτελεσµατικο΄τητας των υπηρεσιω΄ν της για την παροχη΄ επιχορηγη΄σεων για την αδελφοποι΄- ηση πο΄λεων; Apa·nthsh thw kaw Reding Ej ono·matow thw Epitroph·w (9 Ioyni·oy 2000) Η Επιτροπη΄ παραδε΄χεται ο΄τι δεν µπο΄ρεσε να απαντη΄σει µε΄σα σε ευ΄λογη προθεσµι΄α. Όµως, ε΄νας λο΄γος που συνε΄βαλε στην καθυστε΄ρηση η΄ταν οι τεχνικε΄ς δυσκολι΄ες κατα΄ την καταβολη΄ της επιχορη΄γησης στον αιτου΄ντα. Ο αριθµο΄ς λογαριασµου΄ που διαβι΄βασε ο δη΄µος του Dorchester δεν η΄ταν κατα΄λληλος για την παραλαβη΄ ηλεκτρονικη΄ς πληρωµη΄ς. Κατα΄ συνε΄πεια, η διαδικασι΄α χρεια΄σθηκε να διεξαχθει΄ µε΄σω α΄λλης τρα΄πεζας, πρα΄γµα το οποι΄ο ει΄χε ως αποτε΄λεσµα επι΄ πλε΄ον καθυστε΄ρηση. Ση΄µερα, η Επιτροπη΄ βρι΄σκεται στην ευχα΄ριστη θε΄ση να πληροφορη΄σει το αξιο΄τιµο µε΄λος ο΄τι η πληρωµη΄ ε΄χει πραγµατοποιηθει΄. (2001/C 53 E/159) GRAPTH ERVTHSH E-1312/00 ypobolh·: Glyn Ford (PSE) prow thn Epitroph· (27 Aprili·oy 2000) Ue·ma: Omnipaque/Iohexol και αραχνοειδι΄τις ToOmnipaque (αποκαλου΄µενο επι΄σης και Iohexol) ει΄ναι χρωστικη΄ ουσι΄α µε την οποι΄α γι΄νεται ε΄νεση στους ασθενει΄ς για να µπορε΄σουν οι ιατροι΄ να προβου΄ν σε µυελο΄γραµµα. Αυτη΄ η χρωστικη΄ ουσι΄α συνδε΄εται µε την αραχνοειδι΄τιδα, µι΄α προοδευτικη΄, εξασθενητικη΄ και υπερβολικα΄ επι΄πονη νο΄σο. Τα συµπτω΄µατα εκδηλω΄νονται µετα΄ την παρε΄λευση µακρου΄ χρο΄νου µε αποτε΄λεσµα πολλοι΄ ασθενει΄ς να µην τα συνδυα΄ζουν µε την αρχικη΄ χρωστικη΄ ουσι΄α. Μα΄λιστα σε πολλου΄ς ασθενει΄ς γι΄νεται εσφαλµε΄νως η δια΄γνωση ο΄τι ε΄χουν αρθρι΄τιδα. Το 1997-1998 ο γερουσιαστη΄ς Traficant υπε΄βαλε νοµοσχε΄διο στη Βουλη΄ των Αντιπροσω΄πων στις ΗΠΑ για να απαγορευθει΄ αυτη΄ η χρωστικη΄ ουσι΄α, δηλω΄νοντας ο΄τι ε΄χει αποδειχθει΄ ο΄τι προκαλει΄ αραχνοειδι΄τιδα. Προτι΄θεται η Επιτροπη΄ να αναφε΄ρει εα΄ν της ε΄χουν γνωστοποιηθει΄ στοιχει΄α για α΄λλες περιπτω΄σεις που να σχετι΄ζονται µε τα δευτερογενη΄ συµπτω΄µατα αυτη΄ς της χρωστικη΄ς ουσι΄ας; Προτι΄θεται η Επιτροπη΄ να αναφε΄ρει επι΄σης εα΄ν ε΄χει προβει΄ σε διερευ΄νηση σχετικα΄ µε αυτη΄ τη χρωστικη΄ ουσι΄α και τα δευτερογενη΄ συµπτω΄µατα΄ της και ποι΄α η΄ταν η διερευ΄νηση; Εα΄ν η Επιτροπη΄ δεν ε΄χει µε΄χρι του΄δε προβει΄ σε διερευ΄νηση ως ανωτε΄ρω, σκοπευ΄ει να το πρα΄ξει στο εγγυ΄ς µε΄λλον; Apa·nthsh toy k. Liikanen ej ono·matow thw Epitroph·w (8 Ioyni·oy 2000) Το Omnipaque ει΄ναι φα΄ρµακο του οποι΄ου η ενεργω΄ς ουσι΄α ει΄ναι το iohexol. Προ΄κειται για ιωδιου΄χο προι¤ο΄ν αντι΄θεσης που χρησιµοποιει΄ται σε δια΄φορες ακτινολογικε΄ς εξετα΄σεις. Οι α΄δειες δια΄θεσης στην αγορα΄ του ως α΄νω φαρµα΄κου χορηγη΄θηκαν απο΄ τις εθνικε΄ς αρχε΄ς. Οι αρχε΄ς αυτε΄ς εξασφαλι΄ζουν επι΄σης την παρακολου΄θηση του φαρµα΄κου και ιδι΄ως την φα΄ρµακο-επαγρυ΄πνηση


title: KIRJALLINEN KYSYMYS E-1309/00 esittäjä(t): Nicholas Clegg (ELDR) komissiolle. Kiinan liittyminen WTO:n jäseneksi.

eurovoc_concepts:
China
EU aid
World Trade Organisation
accession to an agreement
technical cooperation

text: C 53 E/124 Euroopan yhteis(cid:246)jen virallinen lehti FI 20. 2. 2001 (2001/C 53 E/157) KIRJALLINEN KYSYMYS E-1309/00 esitt(cid:228)j(cid:228)(t): Nicholas Clegg (ELDR) komissiolle (27. huhtikuuta 2000) Aihe: Kiinan liittyminen WTO:n j(cid:228)seneksi Mit(cid:228) suunnitelmia on kehitetty, jotta Kiinan tulevaa liittymist(cid:228) maailman kauppaj(cid:228)rjest(cid:246) WTO:n j(cid:228)seneksi voidaan tukea huomattavalla eurooppalaisella ja monenv(cid:228)lisell(cid:228) avustuspaketilla, joka parantaisi Kiinan hallinnollista ja juridista kyky(cid:228) panna t(cid:228)yt(cid:228)nt(cid:246)(cid:246)n WTO:n j(cid:228)senyyden Kiinalta edellytt(cid:228)mi(cid:228) velvoitteita? Millaisia keskusteluja on k(cid:228)yty erityisesti varmistamaan, ett(cid:228) EU:n ja USA:n t(cid:228)ss(cid:228) asiassa antamaa apua koordinoidaan asianmukaisesti? Pascal Lamyn komission puolesta antama vastaus (13. kes(cid:228)kuuta 2000) Komissio on asettanut toimimaan lukuisia yhteisty(cid:246)hankkeita helpottaakseen Kiinan integroitumista maailman kauppaan mahdollisimman (cid:148)pehme(cid:228)sti(cid:148). N(cid:228)m(cid:228) hankkeet on suunniteltu auttamaan Kiinan hallituksen ja hallinnon kapasiteetin lis(cid:228)(cid:228)mist(cid:228) sellaisilla aloilla, jotka liittyv(cid:228)t suoraan velvoitteisiin, jotka WTO:n j(cid:228)senyys tuo mukanaan. Komissio pit(cid:228)(cid:228) erityisen merkitt(cid:228)v(cid:228)n(cid:228) sit(cid:228), ett(cid:228) Kiina saa toteuttamisessa tarvittavaa teknist(cid:228) tukea yhteisty(cid:246)n ja kumppanuuden hengess(cid:228) ja ett(cid:228) yhteis(cid:246)n puolelta tuki kattaa enemm(cid:228)n kuin vain valvonnan. Viisi hanketta, joiden kokonaisbudjetti on noin 22 miljoonaa euroa, on jo esitetty toteuttavaksi (cid:129) jotkut niist(cid:228) ovat jo k(cid:228)ynniss(cid:228) ja toiset on m(cid:228)(cid:228)r(cid:228) aloittaa muutamien kuukausien kuluttua. Erityisesti WTO:hon liittymist(cid:228) tukeva puiteohjelma, jonka avulla koulutetaan Kiinan velvoitteiden t(cid:228)yt(cid:228)n- t(cid:246)(cid:246)npanon parissa ty(cid:246)skentelevi(cid:228) kiinalaisia viranomaisia, k(cid:228)ynnistet(cid:228)(cid:228)n my(cid:246)hemmin t(cid:228)n(cid:228) vuonna. K(cid:228)ynniss(cid:228) olevat hankkeet koskevat nykyaikaisen ja tehokkaan teollis- ja tekij(cid:228)noikeuksien suojaamisj(cid:228)rjes- telm(cid:228)n kehitt(cid:228)mist(cid:228), avoimen ja syrjim(cid:228)tt(cid:246)m(cid:228)n julkisten hankintojen kehyksen luomista, sek(cid:228) tilastotietojen ker(cid:228)(cid:228)mist(cid:228) ja tarjoamista. Lopuksi, laajapohjainen rahoituspalvelusektorin uudistusta ja uudelleen j(cid:228)rjest(cid:228)mist(cid:228) koskeva aloite alkaa t(cid:228)m(cid:228)n vuoden lopussa. Lis(cid:228)ksi taloudellisen ja yhteiskunnallisen uudistuksen tukeminen on edelleen painopisteen(cid:228) yhteisty(cid:246)n rahoituksessa tulevaisuudessa. Komissio tutkii kuinka olemassa olevia ohjelmia lujitetaan, jos se osoittautuu tarpeelliseksi yll(cid:228)mainittujen viiden ohjelman ensi kokemusten perusteella. T(cid:228)h(cid:228)n menness(cid:228) komissiolla ei ole tietoa siit(cid:228), ett(cid:228) Yhdysvalloilla olisi konkreettisia suunnitelmia antaa WTO:hon liittyv(cid:228)(cid:228) teknist(cid:228) apua Kiinalle. Komissio yritt(cid:228)(cid:228) kuitenkin koordinoida yhteisty(cid:246)toimensa Yhdysvaltojen ja muiden t(cid:228)ss(cid:228) asiassa toimivien rahoittajien kanssa, jotta v(cid:228)ltett(cid:228)isiin p(cid:228)(cid:228)llekk(cid:228)isyydet ja kehitett(cid:228)isiin synergiaa eri ohjelmien v(cid:228)lill(cid:228). (2001/C 53 E/158) KIRJALLINEN KYSYMYS E-1311/00 esitt(cid:228)j(cid:228)(t): Glyn Ford (PSE) komissiolle (27. huhtikuuta 2000) Aihe: Yst(cid:228)vyyskaupunkien avustukset Toukokuussa 1999 Yhdistyneen kuningaskunnan Dorchester-Bayeux-yst(cid:228)vyyskaupunkiyhdistys haki komis- siolta avustusta yst(cid:228)vyyskaupunkitapahtumaa varten. Vasta melko pitk(cid:228)n ajan kuluttua t(cid:228)m(cid:228)n tapahtuman j(cid:228)lkeen yhdistykselle ilmoitettiin, ett(cid:228) sille oli my(cid:246)nnetty 1 200 euron avustus kuluihin. Yhdistyst(cid:228)


title: Commission Regulation (EC) No 863/2000 of 27 April 2000 concerning tenders notified in response to the invitation to tender for the export of oats issued in Regulation (EC) No 1897/1999

eurovoc_concepts:
Finland
Sweden
award of contract
cereals
export refund
oats

formats: pdf print

text: L 103/62 EN Official Journal of the European Communities 28. 4. 2000 COMMISSION REGULATION (EC) No 863/2000 of 27 April 2000 concerning tenders notified in response to the invitation to tender for the export of oats issued in Regulation (EC) No 1897/1999 THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 1766/92 of 30 June 1992 on the common organization of the market in cereals (1), as last amended by Regulation (EC) No 1253/ 1999 (2), Having regard to Commission Regulation (EC) No 1501/95 of 29 June 1995 laying down certain detailed rules for the application of Council Regulation (EEC) No 1766/92 on the granting of export refunds on cereals and the measures to be taken in the event of disturbance on the market for cereals (3), as last amended by Regulation (EC) No 2513/98 (4), Having regard to Commission Regulation (EC) No 1897/1999 of 2 September 1999 on a special intervention measure for cereals in Finland and Sweden (5), as last amended by Regula- tion (EC) No 2482/1999 (6), and in particular Article 8 thereof, Whereas: (1) an invitation to tender for the refund for the export of oats produced in Finland and Sweden for export from Finland or Sweden to all third countries was opened pursuant to Regulation (EC) No 1897/1999; (2) (3) (4) Article 8 of Regulation (EC) No 1897/1999 provides that the Commission may, on the basis of the tenders notified, in accordance with the procedure laid down in Article 23 of Regulation (EEC) No 1766/92, decide to make no award. On the basis of the criteria laid down in Article 1 of Regulation (EC) No 1501/95 a maximum refund should not be fixed. The measures provided for in this Regulation are in accordance with the opinion of the Management Committee for Cereals, HAS ADOPTED THIS REGULATION: Article 1 No action shall be taken on the tenders notified from 21 to 27 April 2000 in response to the invitation to tender for the refund for the export of oats issued in Regulation (EC) No 1897/1999. This Regulation shall enter into force on 28 April 2000. Article 2 This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Brussels, 27 April 2000. For the Commission Franz FISCHLER Member of the Commission (1) OJ L 181, 1. 7. 1992, p. 21. (2) OJ L 160, 26. 6. 1999, p. 18. (3) OJ L 147, 30. 6. 1995, p. 7. (4) OJ L 313, 21. 11. 1998, p. 16. (5) OJ L 233, 3. 9. 1999, p. 10. (6) OJ L 303, 26. 11. 1999, p. 3