Search Results for: International business

BY ALAN OSBORN
A DUTCH company has won a European Business Award for the Environment for developing a green car insurance policy that it claims will help the environment, prolong the life of cars and reduce insurance premiums by five to 10 per cent.…

BY MARK ROWE
THE CURRENT air traffic management (ATM) is flawed in many ways; one key problem being the inherent inefficiencies of an airway system relying on ground-based navigational aids and routes set up around 50 years ago.

Air Navigation Services Providers (ANSP’s) have a responsibility to ensure that the environment – in the air and on the ground – is protected as much as possible from wasteful engine emissions of noxious substances.…

BY RICHARD HURST
MONEY laundering is all about fake respectability, transforming the seedy and ill-gotten into the legitimate and well-earned; so in Africa, where better to launder criminal money than through the continent’s most developed economy, South Africa.

Mike Savage, partner at Ernst & Young South Africa, said that the biggest problem facing African governments wanting to seriously tackle money laundering is to pinpoint the movement of funds that are moved across porous borders in a bid to cover tracks and conceal sources.…

Keith Nuthall
THE EUROPEAN Commission has launched a state aid inquiry into the planned reform of Gibraltar’s company taxation laws. It entails the abolition of company profits taxation, replacing it with a payroll tax, (Pounds 3,000 per employee), and a business property occupation tax.…

BY KEITH NUTHALL
COMPETITION clearance has been granted by the European Commission to the planned deal involving Finnish paper manufacturer UPM-Kymmene Corporation acquiring Morgan Adhesives, a United States-based company making adhesive labels for manufacturers. Brussels concluded after an inquiry that the takeover would not damage competition in the European Union (EU) as US-based Avery Dennison would remain the market leader in Europe.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has drawn up plans to lend US$3 million to the Armenian Copper Programme to help this joint stock company improve its production processes and boost profitability, with the final aim of making environmental improvements.…

BY SWINEETHA DIAS WICKRAMANAYAKA
A TAIWANESE flower producer seeking permission to grow orchids on 112,000 hectares of land to the north of Bangkok has been told by the Thai government that it will have to find a majority Thailand business partner to proceed.…

BY KEITH NUTHALL
THE EUROPEAN Investment Bank (EIB) is lending Euro 55 million to the (Greek) Republic of Cyprus to fund improvements to the efficiency, safety and capacity of air traffic control services in the Nicosia Flight Information Region.

Its loan will pay for buildings and equipment at the new Area Control Centre, Nicosia, replacing long-range primary and secondary surveillance radar, at Konia, and also replacing Larnaca’s instrument landing system.…

BY ALAN OSBORN
BELGIUM has been told by the European Commission to change its “discriminatory” laws covering inheritance and registration taxes or face legal action. Belgian law says that non-profit associations, mutual societies, trade unions and international scientific associations must be established in Belgium to qualify for tax relief on gifts or legacies.…

BY KEITH NUTHALL
THE SECRETARIAT for the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) has released a report advising nurseries and customs officers about the world’s illegal trade in wild rare plants.…