European Commission

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Related to EU Commission: European Union, EU Parliament, EU Council

European Commission

The executive department of the European Union. It is responsible for enforcing treaties, implementing laws and proposing legislation to the European Parliament. It consists of a president nominated by the European Council and confirmed by Parliament and one commissioner nominated by each state of the EU (except the president's home country) in consultation with the president and confirmed by Parliament. The Commission traces its origins to the High Authority of the European Coal and Steal Community; it took its current form in 1967.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

European Commission

the organization which deals with the day to day administration of the EUROPEAN UNION (EU). The Commission ensures that the provisions of European Union treaties are carried out in the legislation of member states and undertakes the detailed implementation of EU policies, including control of budgeted expenditures. The President of the Commission is appointed by the COUNCIL OF THE EUROPEAN UNION and is assisted by 19 commissioners and 26 Director-Generals each responsible for particular areas of the Commission's work such as Agriculture or Transport.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

European Commission

the central body that is responsible for the day-to-day administration and coordination of the affairs of the EUROPEAN UNION (EU), the control of the EU's general budget finances, and that, together with the various specialist agencies set up to run particular programmes (e.g. the Common Agricultural Policy), is involved in the detailed implementation of EU policies.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
7 She is a close ally of Angela Merkel, whom von der Leyen has stuck by through thick and thin and the Chancellor has returned the loyalty by leaving her in place despite mounting problems at the defence ministry and by backing her for the EU Commission presidency.
The Statement of Objections leads the BMW Group to believe that it is probable ("more likely than not") that the EU Commission will issue a significant fine.
But a source familiar with the EBA withdrawal procedures told The Post on condition of anonymity that the EU Commission for Trade had sought opinions from the bloc's permanent representatives since last week and set today (January 29) as the last day to receive feedback.
The High Representative of the Union for Foreign Affairs and Security Policy and Vice-President of the EU Commission Federica Mogherini reiterated the EU support to the two-state solution as well as efforts to settle the Libyan crisis.
In addition to the EU Commission, the US FDA has also formally recognised the benefits of plant sterols and sterol esters for their use in helping to lower cholesterol levels.
The EU Commission supported energy and environmental promotion projects in ASEAN and Indonesia from the early 1990's until 2007, through schemes like Asia-Pro Eco, Asia-Invest, the EU-ASEAN Energy Cooperation Facility, the ASEAN-COGEN III cogeneration program and the Small Project Facilities.
The new regulation will allow the EU Commission to verify whether standards in other countries meet the level required for security and thus allow passengers to retain items bought in duty-free shops outside the EU.
AN Ireland West MEP has hit out at the EU Commission for meddling in Ireland's planning affairs.
As to be expected in the light of the institutional self-interest of bureaucracies, the EU Commission has promptly rejected the TAFFA proposal.
It added that it has "applied for leniency to the US Department of Justice, the EU Commission and other authorities in other countries and received conditional immunity." It did not say how the offer, if approved, would affect the company financially or when it would incur the charge on its balance sheet.
The EU Commission and SEC have agreed on a roadmap toward equivalence between International Financial Reporting Standards and U.S.