Affordable Access

Proposal for a Council Regulation (Euratom) defining the investment projects to be communicated to the Commission in accordance with Article 41 of the Treaty establishing the European Atomic Energy Community. COM (98) 804 final, 11 January 1999

Publication Date
Disciplines
  • Communication

Abstract

untitled COMMISSION OF THE EUROPEAN COMMUNITIES Proposal for a Brussels, 11.01.1999 COM(1998) 804 final COUNCIL REGULATION (Euratom) defining the investment projects to be communicated to the Commission in accordance with Article 41 of the Treaty establishing the European Atomic Energy Community (presented by the Commission) Barbara Rectangle Barbara Sticky Note Completed set by Barbara User Rectangle Explanatory memorandum Chapter 4 of the Euratom Treaty concerns investment in the Nuclear Industry. In particular article 41 of the Treaty states that investment projects shall be communicated to the Commission. Annexe II to the Treaty lists the industrial sectors for which this. type of communication is an obligation. Article 43 of the Treaty states that the Commission shall communicate its 'point of view' on each project to the investor and to the Member State concerned. To implement these provisions of chapter 4 of the Treaty two regulations have been adopted; one by the Council (Regulation No 4 of 15.109.1958) and one by the Commission for implementation of the Council Regulation (Regulation No l of 05.11.1958). Council regulation No 4 contains a table with a list of industrial sectors and to each sector there correspond two limits (ceilings) expressed in money units. One ceiling has to do with new installations and the second with modifications. Any investment within any of the listed industrial sectors whose size is above the ceiling corresponding to that sector has to be declared. The money units used in Council Regulation No 4 is the EPU (European Payment Unit). This was introduced in 1958 and has no or little relevance to any of the European national currencies of present time neither to the EURO which is expected to be introduced on the 1st of January 1999. This problem led the Commission to search for a method to revise the ceilings and express them in EURO. This created the opportunity to study and decide if any clarification to this reg

There are no comments yet on this publication. Be the first to share your thoughts.