Search Results for: Austrian

BY CARMEN PAUN, in Brussels

THE EUROPEAN Commission, the European Parliament and the European Union (EU) Council of Ministers have agreed a law introducing measures that national and local authorities have to respect when they decide to set operating restrictions at European airports limiting aircraft noise.…

A SENIOR official within an organisation charged with increasing European textile exports to Russia has told WTiN.com that Russia’s 2012 accession to the World Trade Organisation (WTO) has created real opportunities for European manufacturers to score Russian sales.

Igor Salomakhin, head of the Moscow liaison office of the Russia-Europe Textile Alliance (RETA), has told WTiN that it is helping a growing number of European textile businesses expand their sales in Russia by helping establish direct contact with new customers in Russia.…

While Syria is mired in its bloody civil war, it remains targeted by multilateral sanctions. But despite being essentially cut off from the international banking system, Damascus is evading these sanctions by using Russian banks, and is being financially propped up by Iran.…

INTERNATIONAL clothing and textile experts gathered near Shanghai last week (September 23-7) to discuss solutions to China’s twin challenges – dealing with less foreign demand, while managing rising production costs.

Speaking at the 29th World Fashion Convention, Shanghai, staged in nearby Kunshan, Texhong CEO Hong Tianzhu told delegates it was time for Chinese manufacturers to upgrade their plant and processes, while moving some production outside China.…

The 9.5MW J920 FleXtra gas engine formally installed in May this year by the municipal utility Stadtwerke Rosenheim, in Bavaria, Germany, ticks off a number of important innovations. The largest gas engine yet developed by the Austrian company GE Jenbacher, the unit is seen by the company as an illustration of the role distributed energy is now playing in Germany’s ‘Energiewende’ – the country’s policy to halt all nuclear power by 2022 and replace it with natural gas, renewable energy, and greater use of energy efficient technologies.…

AFTER 10 hard years of negotiations, Croatia finally became the European Union (EU)’s 28th member state on July 1, a move that will inevitably open its financial and related services markets to major EU companies and partnerships. One key issue for European financial professionals has been, and will be, the extent to which Croatian business and government is clean.…

THE EUROPEAN Union (EU)-favoured Nabucco pipeline carrying Azerbaijan gas to western Europe will now almost certainly never be built, after Azeri gas consortium Shah Deniz decided to sell its gas to the rival Trans-Adriatic Pipeline (TAP). The decision came after Greece announced it would sell its natural gas grid operator DESFA to Azeri state energy company SOCAR: the TAP pipeline would run through Greece to Italy, linking with pipelines in Turkey.…

ON July 1, Croatia finally became the European Union’s 28th member state – a long-awaited accession following 10 hard years of negotiations. Many of the questions that surrounded Croatia’s eligibility centred on the country’s level of commercial crime and corruption, including money laundering, and concerns about its ability to tackle such problems effectively.…

Concerns about commercial crime, corruption and fraud remained high in Croatia as it joined the European Union (EU) on July 1. And while progress has been made, both the EU and many within Croatia admit that the country must work harder to combat such problems.…

THE EUROPEAN Commission has approved the acquisition of Polish personal care products retailer Polbita by Austrian banking group Erste and the Italian-owned Polish bank Alior Bank. Brussels waved through the deal imposing no conditions using its fast-track simplified merger review procedure.…