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AFTER years of slow growth since 2008, eastern Europe’s now mature cosmetics and personal care market has continued to show marginal gains in products sales in the past year, according to experts.

The region’s cosmetics and personal care products sales edged to USD23.67 billion in 2017 from USD21.74 billion in 2016, counting sales in Poland, Croatia, Bulgaria, the Czech Republic, Estonia, Latvia, Lithuania, Hungary, Romania and Slovakia, Belarus, Bosnia & Herzegovina, Serbia, Slovenia, Macedonia and Georgia.…

COMPANIES and citizens defrauding European Union (EU) revenue collection (including
customs duties and cross-border VAT fraud) and spending programmes, may from 2020 face
direct criminal proceedings brought by a European Public Prosecutor (EPPO). The EU
Council of Ministers has approved establishing this new institution in 20 of the 28 EU
member states – Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia,
Germany, Greece, Spain, Finland, France, Italy, Latvia, Lithuania, Luxembourg, Portugal,
Romania, Slovenia and Slovakia.…

THE EUROPEAN Bank for Reconstruction & Development (EBRD) is planning to lend up to USD100 million to LUKOIL Overseas Shah Deniz Ltd, a wholly-owned subsidiary of Russia’s PJSC LUKOIL, helping it take part in developing Azerbaijan’s Shah Deniz gas field. This investment is a rare EBRD financing of a Russian company.…

Romania’s ministry of public finance has announced that it is drafting proposed regulations that would introduce special taxation on foods and beverages with high sugar content, with the goal of boosting health standards. Targeted products could include chocolate, confectionery, ice cream, as well as soft drinks, sports and energy drinks, but so far, no detailed list has been published.…

The European Union (EU) is to require companies importing certain minerals to carry out ‘due diligence’ checks on their suppliers to ensure they are not funding conflict or human rights violations, under a draft regulation approved in the European Parliament in Strasbourg today (March 16). …

Civil war, currency instability and smuggling are hitting the Libyan sheep market and stocks of the key Libyan Barbary Sheep breed are decreasing. It is a key source for both meat and wool. Dr Abdulla Elmansoury, Professor of Physiology at Libyan International Medical University, in Benghazi, where he is Dean of the Faculty of Basic Medical Sciences, who is also a livestock farmer with holdings near Benghazi has seen his lamb business destroyed by the Libyan civil war that has continued since 2014.…

MANY personal care product markets in eastern and central Europe are growing slowly, with incremental growth being tapped especially by major international brands who have squeezed out local players with their solid pricing and reliable quality.

But with natural cosmetics rising in popularity, there is still space for innovative smaller players with sufficient local roots and knowhow to appeal to consumers in what remains an extremely diverse region in terms of culture and consumer habits.…

MANY personal care product markets in eastern and central Europe are growing slowly, with incremental growth being tapped especially by major international brands who have squeezed out local players with their solid pricing and reliable quality.

But with natural cosmetics rising in popularity, there is still space for innovative smaller players with sufficient local roots and knowhow to appeal to consumers in what remains an extremely diverse region in terms of culture and consumer habits.…

FACED with the twin threats of Brexit and a new US President-elect who prefers bilateral relations to multilateralism, the European Union (EU) and its institutions are nonetheless pushing ahead with forging a collaborative system of anti-fraud law enforcement.

In a sign that such initiatives draw overwhelming backing from European Parliament political groups, the EU’s elected assembly, its plenary has backed by 545 votes to 91 a detailed call for the European Commission to review its legislation against corruption and organised criminals.…

MILLIONS of Euros have been released by the European Union (EU) to fund projects deepening the international gas pipeline network in eastern Europe, a key element of EU plans for forge an ‘energy union’.

One major project is a EUR179 million plan to create the Bulgaria–Romania–Hungary–Austria (BRUA) system of gas lines.…