Search Results for: Hungarian

BY MARK ROWE

WHEN the European Union (EU) set up the world’s first carbon trading market in 2001, the Emissions Trading System (ETS), advocates heralded a new dawn: carbon pollution could be brought under control in a way that benefited the environment while not damaging industrial interests.…

BY MARK ROWE, IN LONDON; ZLATKO CONKAS, IN NOVI SAD, SERBIA; MIKE STEIN, IN PRAGUE; AND BLAKE BERRY, IN WARSAW

DURING the spring of 2011, the prevailing view throughout eastern Europe’s personal care and toiletries market was that while business was not exactly buoyant, the worst of the recession was over – then came the credit crises and the faltering Euro.…

BY KEITH NUTHALL

THE EUROPEAN Commission has confirmed it is scrapping sugar production quotas across the European Union (EU) in 2015 when proposing a comprehensive reform of the EU’s Common Agricultural Policy (CAP). There have been calls from some member states and MEPs for the quota regime to be renewed, but the Commission has stuck to its guns and will continue with abolition.…

BY KEITH NUTHALL

THE EUROPEAN Food Safety Authority (EFSA) is staging a re-evaluation of the sweetener aspartame after it agreed to bring forward from 2020 a scheduled inquiry, despite recent scientific assessments failing to reveal fresh concerns about the sweetener.

Indeed, EFSA reviewed the latest studies on aspartame only in April, but accepted a European Commission request for a new study.…

BY KEITH NUTHALL

THE EUROPEAN Union (EU) could target its multi-billion Euro international aid budget at more overseas water utility development projects if the EU’s current Hungarian presidency gets its way. A meeting of the EU Council of Ministers for foreign affairs on Tuesday (24-5) debated a detailed plan drafted by Budapest.…

BY ZLATKO ?ONKA?

GENERAL Motors (GM) Europe unit Opel/Vauxhall is constructing a new engine plant in the western Hungarian city of Szentgotthárd, aiming to boost the company’s growing share of the south-east Europe market. Opel managers have said they want this Euro EUR500 million investment (US dollar USD713.780 million) to help the company grow its 5.5% market share (in 2010 – 35,456 cars) of the regional market, making it the sixth most popular marque (up from eighth in 2009).…

BY ALAN OSBORN

Big European food retailers have been delighted with a new ruling by the European Court of Justice (ECJ) slapping down regulations imposed by the Spanish government to restrict the location and operations of hypermarkets in Catalonia. The court, whose decisions are legal precedents throughout every country and region in the European Union (EU), said Spain had failed to fulfill obligations imposed by the "freedom of establishment" provision of the EU treaties.…

BY MARK ROWE and KEITH NUTHALL

HUNGARY’S strategic location in central Europe, a cash-based economy, and a well-developed financial services industry, makes it important to both pan-European anti-money laundering enforcement, and indeed, to criminals themselves.

Generally, the nature of money laundering that goes on in Hungary can be serious but stops short of funnelling funds to terrorist organisations.…

BY KEITH NUTHALL

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INTELLIGENCE advice teams are to be posted at international airports in seven west African countries, to boost the number and effectiveness of illicit drugs seizures at their terminals. This ‘Aircop’ initiative has been organised by the UN Office on Drugs and Crime (UNODC), the World Customs Organisation (WCO) and Interpol.…

BY KEITH NUTHALL

THE EUROPEAN Commission is threatening Hungary with legal action at the European Court of Justice (ECJ), arguing it is failing to provide fair access to groundhandling contracts at Budapest Airport. Brussels has said in a communiqué that the Hungarian government is breaching the EU groundhandling directive (96/67/EC) by unfairly limiting the number of potential groundhandling service providers at Budapest, and "failing to organise appropriate selection procedures".…