Search Results for: Romanian

THE EUROPEAN Commission has completed the first phase of an assessment designed to help the European Union (EU) frame its own blacklist of jurisdictions deemed un-cooperative over tax evasion and avoidance. Brussels has released a ‘scoreboard’ of non-EU jurisdictions judging whether they exchange information with foreign tax authorities, have preferential or low tax regimes, have close and important economic and financial links with the EU and are politically stable (and hence more attractive as a tax haven).…

IN an ever more interconnected world, where reliable energy flows are of critical importance to sophisticated developed economies, the role of diplomacy in helping keep oil and gas flowing is perhaps more important than ever before.

Of course, oil and gas has always been an international business.…

THE opening of Paddy Power bookmaker shops in provincial Romanian cities such as Cluj in the past year is the latest show of international ambition from an Irish corporation which has become a market leader and has shaken up the European gambling industry.…

allowing gas – including LNG – to be transported between the two countries, starting July 1 (2016). This deal was struck between the network operators for Bulgaria and Greece – Bulgartransgaz and DESFA. It will enable companies from both sides and other countries to make north- or southbound deliveries, boosting gas movements between Greece, Turkey, Macedonia and Ukraine.…

Delivering products that are present in everyday life to unknown markets across the globe, online sales are essential to boost the already booming EUR77 billion European cosmetics market, Cosmetics Europe director general John Chave told last week’s ‘Personal care in a changing world’ conference in Brussels (June 13-17).…

A SWEEPING review of Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006, published in April 2016, has made more than 80 recommendations to tighten and extend the scope of this key piece of legislation. Among these are proposals to streamline due diligence obligations on the part of reporting entities while reinforcing auditing procedures, increasing the scope of the legislation to cover more professional categories and types of transactions and increasing surveillance particularly in the remittance sector.…

The European Union (EU) is struggling to resolve deep political divisions over whether a future diligence scheme to prevent conflict minerals hitting Europe’s shores should be mandatory or voluntary and over the influence that industry should have on the system’s operation. …

It has taken more than half a decade for the cosmetics markets of eastern Europe to finally shrug off a long-running period stagnation that has characterised the regional market. Two underlying features – the financial crisis of 2008 and the completion of multinational takeovers in the noughties that saturated these post-communist markets – lay behind the extended period of slow, low or non-existent growth.…

THE EXPANSION of Renault’s manufacturing operations in Algeria looks set to continue, providing new jobs in the north African nation, fuelling speculation about its strategic significance. The company has already created 250 direct jobs and 500 indirect jobs according to Guillaume Josselin, chief executive officer of Renault Algeria, through the opening last November 10 (2014) of a car manufacturing plant, based in the coastal city of Oran.…

THE NEW European Union (EU) food labelling rules that started applying from December 13 have brought harmonisation about how and what information should be given to EU consumers, representatives of the confectionery industry say. But upcoming changes that are still being discussed may pose some challenges for manufacturers and packagers alike.…