Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

U.S. firms lead EU lobbying league

Published 04/30/2015, 02:28 PM
Updated 04/30/2015, 02:28 PM
© Reuters. A logo is pictured at Google's European Engineering Center in Zurich

By Alastair Macdonald

BRUSSELS (Reuters) - U.S. companies, including tech rivals Microsoft (O:MSFT) and Google (O:GOOGL), were among leading spenders on corporate lobbying in Brussels last year, a Reuters review of new data showed (table below).

Companies had until Thursday to update public entries in the European Union's newly revamped Transparency Register following a tightening of rules in January that obliges firms to register if they want to meet EU commissioners and senior staff.

Oil majors Exxon Mobil (N:XOM) of the United States and Anglo-Dutch Shell (L:RDSa) shared the top spot with Microsoft, with reported spending in their last financial years of between 4.5 and 4.5 million euros ($5.0-5.6 million).

Those figures were broadly in line with the trio's spending in previous filings recorded in January by researchers at anti-corruption group Transparency International -- the Commission itself does not provide comparative data with previous years.

However, some of the other big spenders recorded sharp increases, including Google and Germany's Deutsche Bank , which doubled their expenditure, U.S. chemicals group Dow, which recorded four times the level of spending as its previous entry.

None of the companies listed offered comment.

Google, subject of a high-profile antitrust case launched by the Commission two weeks ago after a five-year investigation, spent 3.0-3.5 million euros ($3.4-3.9 million), the same as Dow (N:DOW). Microsoft, which has itself been fined heavily in the past by EU antitrust authorities, has been prominent among those pursuing complaints against its American rival Google.

Two German companies were among those which spent 3 million euros or more last year. Deutsche Bank (DE:DBKGn) was the fourth biggest spender, reporting lobbying activity worth 3.96 million euros, and engineer Siemens (DE:SIEGn) spent 3.23 million.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

China's tech leader Huawei Technologies [HWT.UL] reported spending of 3.0 million euros in 2014. That was the same as it had previously reported as spending in its 2012 fiscal year.

DATA QUALITY IMPROVING

Also reporting spending of 3.0 million was paij GmbH, a German company that sells a mobile payments app and which put itself on the Register for the first time in March. Officials at the company could not immediately be reached for comment.

U.S. engineering firm General Electric (N:GE) reported lobby spending in the EU of 3.25-3.50 million euros for 2013. No 2014 data appeared on its page on the Transparency Register.

Transparency International's Daniel Freund said some changes in data filed appeared to reflect a recognition among companies that the Register now set more rigorous reporting requirements. Over 1,000 organizations registered for the first time after Jan. 27, when it became a condition for access to officials.

"The data quality seems to be getting better," Freund said, while noting that the Register only went some way to clarifying how much effort was going in to lobbying in Brussels and saying that the Commission appeared to have so far put only limited staff resources into scrutiny of the accuracy of entries.

Other organizations, including non-governmental pressure groups, must also declare spending. Environmental lobby Greenpeace, for example, declared 1.0-1.25 million euros in 2013.

A second element of transparency introduced under European Commission President Jean-Claude Juncker since he took office in November is a register of contacts by commissioners and senior staff with companies, lobby groups and their representatives.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Transparency International research found U.S. firms Google, Microsoft and General Electric, as well as European planemaker Airbus, were among the most active in visiting top EU officials since such meetings first had to made public in December.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.