Search Results for: Romanian
10 results out of 201 results found for 'Romanian'.
HUNGARY REMAINS STRONG MARKET FOR TOBACCO WITHIN EUROPE, AS GOVERNMENT TARGETS SMUGGLERS WITH ENFORCEMENT ACTIONS
HUNGARY continues to be an attractive market for tobacco majors, with its populist government seemingly determined to fight the European Union (EU) for the right to keep excise duties below EU mandated minimums, and the fact that, according to the OECD Country Health Profile 2019 official data (https://read.oecd-ilibrary.org/social-issues-migration-health/hungary-country-health-profile-2019_4b7ba48c-en#page1…
ROMANIA’S CLOTHING MANUFACTURING SECTOR FACES TOUGH RECRUITING CHALLENGES TO FORGE A SUSTAINABLE FUTURE
ROMANIA’S clothing and textile industry is facing a recruitment crunch and experts worry that it will struggle to find a strategy to ensure it can hire sustainably to ensure long-term growth. A survey from PwC’s HR benchmarking project Saratoga released last October (2019) concluded that Romania faces an “acute shortage of workforce”, needing about one million extra workers to sustain a 3.5% economic growth by 2023.…
ROMANIA PLAYS CATCH UP ON AML LEGISLATION – IMPELMENTIONG 4AMLD TWO YEARS LATE
ROMANIAN politics are rarely a placid affair, although February 5’s no confidence vote downing the National Liberal Party government of Prime Minister Ludovic Orban after just three months in office marks a period of particularly intense instability. This collapse comes as the government had hoped to debate implementing the European Union’s (EU) fifth anti-money laundering directive – a task that will not now be undertaken until parliamentarians replace the government, or – as is more likely – snap elections are held.…
GERMAN STATE GOVERNMENT REGULATORS UNDER FIRE IN MEAT HEALTH SCANDAL
Germany’s Federal Ministry for Food and Agriculture (BMEL – Bundesministerium für Ernährung und Landwirtschaft) has summoned its state-level (länder) counterparts for crisis talks following revelations that listeria-infested meat products have killed three people and made another 37 sick. These were made by from Twistetal, Hesse-based Wilke Waldecker Fleisch- und Wurstwaren.…
EU/WTO INTERNATIONAL REGULATORY ROUND UP – NEW EU COMMISSION PLOTS LABELLING REFORMS
THE NEW European Commission, which is now expected to assume office on December 1, is expected to push the further harmonisation of European Union (EU) food labelling rules regarding nutrition. Incoming EU health commissioner, Stella Kyriakides, of Cyprus, said she wanted to see the Commission act against pack claims declaring that products were healthy when they contained “a high level of sugar, fat or salt”.…
HIGH FASHION FOR PENNIES? ROMANIA’S CLOTHING AND TEXTILE WORKERS STILL STRUGGLE TO MAKE ENDS MEET
ECONOMIC data show how Romanian clothing and textile workers are suffering from comparatively low wages, with increases lagging behind employees in other sectors.
Average monthly net wages for workers in Romania’s textile, garment and footwear industry reached Romanian Leu RON 2,280 (USD543) in December 2018, almost a third less than the national average of RON3,770 (USD897), according to statistics from Romania’s National Institute for Statistics (Institutul Național de Statistică – INSSE) and Romania’s National Bank (Banca Națională a României – BNR).…
HIGH FASHION FOR PENNIES? ROMANIA’S CLOTHING AND TEXTILE WORKERS STILL STRUGGLE TO MAKE ENDS MEET
ECONOMIC data show how Romanian clothing and textile workers are suffering from comparatively low wages, with increases lagging behind employees in other sectors.
Average monthly net wages for workers in Romania’s textile, garment and footwear industry reached Romanian Leu RON 2,280 (USD543) in December 2018, almost a third less than the national average of RON3,770 (USD897), according to statistics from Romania’s National Institute for Statistics (Institutul Național de Statistică – INSSE) and Romania’s National Bank (Banca Națională a României – BNR).…
EUROPE IN TWO-SPEED SHIFT TO ELECTRIC CARS
Europe’s transition to electric vehicle ownership is developing at two clear speeds, with richer countries headed for mass market penetration in the early to mid 2020s but poorer countries lagging.
This is posing a regulatory challenge for manufacturers – EV sales have to increase Europe-wide for carmakers to meet tough European Union (EU) CO2 emissions limits.…
EU ROUND UP – EU TO ESTABLISH NEW ANTI-CYBERCRIME ORGANISATIONS
THE EUROPEAN Union (EU) is expanding its network of cyber-crime expertise, with a view to beefing up intelligence, protections and responses to online criminal attacks, including frauds such as identity theft, as well as hacking.
EU member states and the European Parliament are to start talks establishing from January 2021 a European Cybersecurity Industrial, Technology and Research Centre, pooling European investment in cybersecurity research, technology and industrial development.…
EU LAUNCHES NEW PROPOSED LAWS TO FIGHT BURGEONING VAT FRAUD
THE EUROPEAN Commission has continued to push reforms to European Union (EU) VAT legislation to boost the fight against VAT fraud. It has tabled a directive and a regulation whose goal is to establish an electronic business portal for VAT declarations allowing companies selling goods online to EU customers to administer their VAT obligations in one e-government system.…