Search Results for: Romanian

BY LIZ HALL
SPAIN’S paint and coating industry has every right to be self-congratulatory at present: the widespread investment and business improvements of recent years have paid off with the sector securing a well-earned place alongside its counterparts elsewhere in the developed world.…

BY KEITH NUTHALL
ROMANIA’S newly appointed minister for European integration has raised concerns that European Union (EU) demands for the country to slash its steel industry subsidies ahead of its anticipated EU accession in 2007 will cause widespread plant closures. Ene Dinga told Brussels news wire Euractiv (CORRECT SPELLINGS) that this was of “particular concern” to him, as it is anticipated that at least 8,500 out of the current 52,000 Romanian steel industry jobs will go.…

BY KEITH NUTHALL
WHILE discussions continue over how to ensure the security of energy supplies to the European Union (EU), Brussels institutions are sinking money into one sure bet, eastern Europe and the former Soviet Union. The European Bank for Reconstruction and Development (EBRD), for instance, is lending US$170 million to SOCAR, the State Oil Company of Azerbaijan, to fund two Caspian gas projects.…

BY KEITH NUTHALL
EU food producers and manufacturers will gain duty free penetration of the Romanian market by 2007, with Romanian duties being phased out on lines ranging from confectionary and dairy products to bread and vegetables. In return, Romanian producers get duty free access by 2007 for a similarly wide range of food products.…

BY KEITH NUTHALL
EUROPEAN Union (EU) meat producers will gain duty free penetration of Romania by 2007 for some key by-products, even if the country’s planned EU accession that year falls through. Under a free trade deal Romanian duties would be phased out on animal fats and oils, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, as well as animal fats that are boiled, oxidized, dehydrated, sulphurised, blown, or even polymerised.…

BY KEITH NUTHALL
DUTIES on a range of Romanian confectionary exported to European Union (EU) will be phased out by 2007, easing the country’s oncoming EU membership. Affected lines range from chewing gum, liquorice extract, white chocolate, boiled sweets and toffees.…

BY KEITH NUTHALL
EUROPEAN Union (EU) drinks producers will gain duty free penetration of the Romanian market by 2007, even if the country’s planned EU accession on that year falls through. Under a free trade deal designed to ease its membership, Romanian duties of 60% on brandy, rum, gin, vodka, liqueurs and vermouth imported from the EU would disappear on January 1 of that year, as would 35% duties on EU whiskies.…

BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have been asked to approve granting Romanian wool producers immediate duty free access to the EU market for their crude wool grease exports from this year until 2007. Romania will then probably become an EU member country, enjoying unfettered access to the EU market for all its wool goods.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has announced two loans that will allow Romanian and Slovenian companies to lease commercial and passenger vehicles. As part of its general remit to develop eastern Europe, the bank will lend Euro 10 million to Romania’s BCR Leasing, which will on-lend the money to small businesses “to purchase cars or equipment that will support their business development”.…

BY KEITH NUTHALL
EUROPEAN Union (EU) drinks producers will gain duty free penetration of the Romanian market by 2007, even if the country’s planned EU accession on that year falls through. Under a free trade deal designed to ease its membership, Romanian duties on beer would be phased out from 45% today to zero by 2007, 60% brandy, rum, gin, vodka, liqueurs and vermouth duties would disappear on January 1 of that year, as would 35% duties on EU whiskies.…