Search Results for: Finland

A FINNISH burger chain that has taken the plunge into some of Europe’s most challenging eastern markets now has almost as many outlets abroad as in its home market.

Turku-based Hesburger is now building sales in Belarus, having announced it would move into this country in 2017.…

THE EUROPEAN Commission is getting tough in enforcing compliance with the 4^th anti-money laundering directive (2015/849), with a large majority of member states now facing infringement proceedings. The European Union (EU) executive said on March 7 that it had sent letters of formal notice opening legal proceedings to six EU countries (the Czech Republic, Hungary, Italy, Slovenia, Sweden, and the UK) over their failure to apply its anti-money laundering and terrorist financing rules.…

THE TOBACCO industry in Europe needs to keep a close eye on the work of the European Chemicals Agency (ECHA), the European Union’s (EU) chemical agency, which has a key role in banning or restricting the use of tobacco ingredients, by-products and manufacturing chemicals.…

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. …

BRITAIN was among a handful of European nations that fell down in Transparency International’s latest Corruption Perception Index, dropping out of the top-10 of the most honest jurisdictions in the 2018 rankings. The UK is now joint 11^th with Germany, dropping two points to 80 on the scale where 100 is seen as cleanest and 0 highly corrupt among experts and business people surveyed.…

THE SWISS government has decided not to fund project facilitation for a biofuel pilot project at Geneva airport to replace at least 1% of its jet fuel supplies with biofuel supplied by Finland oil refiner and marketer Neste Oyj. The company said it could not proceed as a result of the decision, which followed consultation by the Swiss federal government about the project, scheduled to start operations later this year (2018).…

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 CONTINUED vulnerability of European Union (EU) revenue collection and spending to fraud has been brought into sharp relief by a new European Commission statistical analysis on financial crime.

That said, a working paper noted that in terms of revenue through external import duties (called ‘own resources’ in EU jargon) detected fraud cases involving EUR10,000 or more alone in 2017 indicates losses have been falling – but still to EUR76 million.…

REGULATORY and other pressures are behind a recent international surge in construction of electric vessels.

Using battery-electric power instead of traditional fuels such as marine diesel to drive a ship’s propulsion and/or operate its equipment can reduce greenhouse gases and lessen health, safety and environmental risks, particularly when vessels are in or near port.…

SUPPORTERS of the European Union (EU) as a political concept stress how it has the vision, and the money, to promote energy projects of common interest (PCIs) between its (for now) 28 member states. Their goal is to promote an effective continent-wide energy market that offers European citizens more security in their supply of gas, electricity and to a lesser extent oil.…