Search Results for: Greece
10 results out of 934 results found for 'Greece'.
COVID-19 PANDEMIC’S ECOMMERCE BOOM WILL PUSH FINANCIAL INSTITUTIONS TO USE MORE BIG DATA ANALYSIS TO FIGHT FRAUD
The surge in ecommerce in the past year driven by the Covid-19 pandemic will push financial institutions and commercial traders to use more big data analysis, maybe utilising artificial intelligence (AI), to identify anomalous behaviour, say fraud analysts.
International payments company Worldpay (part of the FIS Group, based in Florida, USA, since 2019) valued global online spending at USD4.6 trillion last year, up 19% on the previous annual figures – the highest growth in the past five years.…
EU BUILDS MORE ANTI-FRAUD INSTITUTIONAL CAPACITY AS FINANCIAL CRIME THREAT REMAINS
IMPORTANT building blocks of anti-fraud regulatory and law enforcement policies and programmes for the European Union (EU) have been introduced in the past two months, as the EU continues to grapple with endemically high levels of financial crime and corruption.…
EY/WTO REGULATORY ROUND UP – EU FOOD AND DRINK TRADE WITHSTANDS COVID-19
THE EUROPEAN Union’s (EU) international food and drink trade has withstood the challenges of Covid-19, with figures for the first eight months of 2020 valuing EU exports (excluding the UK) at EUR119 billion, up 1.2% compared to January-August 2019. Imports also rose slightly to EUR81.6 billion (up 0.8%).…
LUXEMBOURG DAIRY FUTURE BRIGHT DESPITE BREXIT AND COVID, SAY EXPERTS
LUXEMBOURG may be a small country, but it is big in dairy, especially milk – with its other main products cheese, butter, butteroil and cream. Growth in the dairy sector of this Grand Duchy, similar in size to the UK country of Dorset and slightly smaller than the US state of Rhode Island, is continuing – even during the market disruption of the Covid-19 pandemic and Brexit.…
EU COUNTRIES DRAGGING THEIR FEET OVER PUBLIC UBO REGISTERS
Many of European Union’s 27 member states appear to have been dragging their feet when implementing a key provision of the fifth anti-money laundering directive (5AMLD) (1), setting up a public ultimate beneficial ownership (UBO) register. The registers should have gone live for the corporate world on January 10, 2020, and two months later on March 10 for trusts.…
EU COUNCIL AUTHORISES SANCTIONS LAW TARGETED AT TURKISH OIL AND GAS SECTOR
THE EUROPEAN Union (EU) has ramped up pressure on Turkey to stop exploratory oil and gas drilling in Mediterranean waters that EU member state Cyprus claims is within its exclusive economic zone (EEZ). Turkey’s state-owned oil company TPAO (Türkiye Petrolleri Anonim Ortaklığı) has sent its drillship Yavuz south of Cyprus, notably testing areas close to Israel’s EEZ that have anticipated major gas deposits.…
NEW EU PUBLIC PROSECUTOR CALLS FOR GOVERNMENTS TO STEP UP TO THE PLATE ON EPPO
The European Chief Prosecutor (ECP) of the embryonic European Public Prosecutor’s Office (EPPO) has challenged the 22 European Union (EU) states (1) that have signed up to an enhanced cooperation pact underpinning its existence to properly fund the new institution. Without enough money, the EPPO will not be effective, ECP Laura Codruţa Kövesi told Fraud Intelligence.…
NEW CAMPUS TO PUT CAPE VERDE ON GLOBAL MAP OF RESEARCH AND INTERNATIONALISATION CENTRES
THE NEW campus of the University of Cape Verde (Uni-CV), which has cost almost USD60 million to build and should open next March (2021), is expected to attract more national and international students and researchers to this island country. The launch of this modern facility has been delayed from July (2020) because of Covid-19, but it is hoped the March opening will stick.…
CHEMICAL MAJORS EXPLORE DECARBONISING PETROCHEMICALS AS THEY LOOK TO REDUCE CO2 EMISSIONS
International efforts are stepping up to scope and map what it will take to wean chemical manufacturing off its high dependence on oil and gas feedstock for chemicals that are then used to make plastics, fertilisers and other important products.
Options include using building-block raw materials from biomass instead of fossil-fuel feedstock; boosting the yield of chemicals for a given quantity of feedstock; and, applying advanced recovery and recycling technologies in circular economy approaches.…
GREECE’S LEGAL CIGARETTE MARKET IS SHRINKING AS SMOKERS QUIT AND ILLICIT PRODUCT SMUGGLING SURGES
The tobacco market in Greece, once one of the world’s most robust, is struggling with declining consumption trends seen across Europe and north America, as well as a growing illicit trade.
Vassilis Mastorakis, marketing director of the Karelia Tobacco Company Inc, Greece’s largest cigarette manufacturer and exporter, told Tobacco Journal International that “smoking of cigarettes in Greece has been in a declining trend over the last 36 months [July 2017-June 2020] by almost 7% (2020 versus 2018) while the roll-your-own (RYO) consumption is slightly growing by almost 2 percent over the same period.”…