Search Results for: Austria

EUROPEAN Union member states are dragging their feet implementing the fourth anti-money laundering directive’s (4AMLD 2015/849) beneficial ownership rules. Only five countries met the June 26, 2017, AMLD4 deadline for having an ultimate beneficial ownership (UBO) register under national law – Britain, Denmark, France, Germany and Sweden- according to the European Commission. …

THE EUROPEAN and global energy landscape is changing fast – and the biggest winners are renewable energies, Dr Fatih Birol, executive director of the International Energy Agency (IEA), has argued – even as green subsidies decline. Dr Birol told the November 27 Brussels launch of the ‘World Energy Outlook 2018’ report.…

THE EUROPEAN Investment Bank (EIB) is lending EUR50 million – the first tranche of an approved loan of EUR150 million – to Romanian gas utility TRANSGAZ, to finance building a new pipeline linking Romania’s Black Sea shore natural gas resources with its national gas transmission network and the BRUA gas transmission corridor (linking Bulgaria, Romania, Hungary and Austria).…

GERMANY’S paint and coatings sector seems set in stasis, with 2018 expected to be another year with a slight market downturn. That said, increased interest in sustainability continues to drive the demand for more ecologically friendly products.

Given the sluggishness of overall sales, the German industry has viewed with relief results from 2018’s third quarter, where the national coatings and printing ink sector saw a rise in exports.…

THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has approved establishing disputes settlement panels ruling sought by the USA on whether retaliatory duties imposed by the European Union (EU), Canada, China, and Mexico on US confectionery and sweet bakery and associated ingredient exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…

With the USA re-imposing sanctions on Iran, and international financial institutions wary of dealing with the country, Tehran is dusting off its pre-2015 sanctions-busting playbook. Old networks are being renewed, including with neighbouring countries and China, but there are more obstacles for the Iranian government to contend with this time around.…

The conventional arms trade has a reputation for using side payment sweeteners to secure multi-million dollar deals. But despite allegations of corruption in numerous jurisdictions, the legitimate arms trade is not on the Financial Action Task Force’s (FATF) radar. Should it be?…

WITH environmental concerns increasingly important worldwide as a key plank of sustainable development, the role that effective geo-textiles can play in ensuring infrastructure performs effectively in the longer term is underpinning demand for these products.

In June 2017, Global Market Insights released a report on geotextile market size by material, application, region, price, market share and forecasts for 2017–2024, which stated that “positive application outlook in construction, agriculture, erosion control, and drainage should drive geotextile market size” globally.…

A new report from Transparency International has found that only 11 major exporting countries in the world significantly punish companies that pay bribes abroad. The report, called ‘Exporting Corruption’, also found that more than half of world exports come from at least 33 jurisdictions, including several European Union (EU) member states, where companies that export corruption along with their goods and services face weak consequences. …

The UK and Australia are poles apart geographically but share the aim of becoming leaders in using or selling hydrogen for energy. The scheduled unveiling in November (2018) of a conceptual design to convert an eighth (8.3 million) of the UK’s population to 100% low-carbon hydrogen gas between 2028 and 2035 matters.…