Search Results for: Spanish
10 results out of 704 results found for 'Spanish'.
RUSSIA’S CHERKIZOVO UNDER SUSPICION OF TAXES’ NONPAYMENT
RUSSIAN law-enforcement agencies have said they will conduct a detailed investigation into criminal allegations against Cherkizovo, Russia’s leading pork and poultry producer.
The management of the company is suspected of using illegal offshore financial schemes for paying dividends and lowering taxes, according to a spokesman of the Russian interior ministry has recently said.…
CHINA’S ICBC BANK FACES TRIAL IN SPAIN
The Industrial and Commercial Bank of China’s (ICBC) European headquarters, ICBC Luxembourg, is facing a major money laundering trial in Spain following a September 11 ruling in the Spanish High Court.
Judge Ismael Moreno agreed to a request from the anti-corruption prosecutor’s office to investigate ICBC’s European headquarters on suspicion of helping clients from the Chinese business community in Spain avoid duty and tax on goods imported from China.…
GREECE SAYS EIGHT EU MEMBER STATES WILL FIGHT CHINESE TRADEMARKS FOR FAKE TRADITIONAL FOODS
THE GREEK government says that it and seven other European Union (EU) member states may launch legal action over the Chinese government’s refusal to ban China-registered trademarks of products falsely marketed as traditional EU-made foods.
A document released by Greece’s economy and development ministry has claimed that France, Germany, Hungary, Italy, Portugal, Romania and Spain have agreed to join forces to finance a case in the Chinese courts.…
CHERKIZOVO GROUP’S CONTROLLING FAMILY SEEKS ADDITIONAL SHARES – BUT WILL RE-SELL TO A STRATEGIC INVESTOR
THE CHAIRMAN of the Cherkizovo Group, one of Russia’s largest meat producers and processors, is to consolidate his stake in the company through the acquisition of 21.3% of its shares, which are currently owned by Prosperity Capital Management, one of Russia’s largest investment funds.…
DG SAYS OLAF WILL RETAIN VITAL ANTI-FRAUD ROLE ONCE EUROPEAN PUBLIC PROSECUTOR IS LAUNCHES
THE OUTGOING director general of the European Union (EU) anti-fraud office OLAF has stressed how his agency will continue to proactively fight fraud once the new European Public Prosecutors Office (EPPO) is established.
Giovanni Kessler, writing in the last OLAF annual report in his seven-year mandate, has stressed that his agency’s role will be important, now that just 20 out of 28 EU member states have decided to work with the EPPO.…
GREECE COSMETICS MARKET STILL SMALLER THAN BEFORE START OF COUNTRY’S ECONOMIC CRISIS
SEVEN years of recession and two years of capital controls have taken their toll not only on the Greek economy but also on the country’s cosmetics market, although local companies have been maintaining their focus on R&D and exports. According to the Hellenic Statistical Authority (Elstat), the overall turnover retail index for cosmetics and pharmaceutical products in February 2017 was 58.8% of sales in 2010 – the year marking the beginning of Greece’s financial and economic turmoil.…
BACK TO NATURE - THE SPANISH COSMETICS INDUSTRY IS BOUNCING BACK WITH NATURAL PRODUCTS A BIG HIT
OVER a sunny weekend in May 2017, 74,000 people headed to Barcelona’s Palau Sant Jordi, a futuristic events space built for the city’s 1992 Olympic Games, and many were going to learn about Spain’s organic and natural cosmetics products. On other occasions, these impressive numbers would be expected for the international pop stars who regularly perform here.…
TIDE OF CHINESE MONEY LAUNDERING CHANGES – WITH FLOWS FROM EUROPE TO CHINA GROWING
A case detected last May (2015) at Lisbon international airport, Portugal, says much for the worrying scale of the laundering of illicit funds from Europe into mainland China. A nondescript Chinese couple travelling from Lisbon to Shanghai via the United Arab Emirates’ (UAE) Dubai was stopped carrying more than EUR1 million in large denomination notes found elaborately wrapped in ‘danger, chemicals’ packaging within packets marked ‘FRAGILE’.…
SPAIN’S CEREALTO BUYS TO BAKERY FACTORIES FROM GRUPO SIRIO
The Spanish manufacturer of cereal-based products Cerealto has reached an agreement to buy two factories from Spain-based bread and pastry manufacturers Grupo Sirio. With this move, Cerealto has said in a statement that it will “fortify its plans for expansion within southern Europe”.…
INDIA’S PERFUME MARKET EXPANDS AND DIVERSIFIES AS SEGMENT MATURES
INDIA’S perfumery market is expanding with fast growing demand, easier availability of top brands and greater choice of products across the price range. According to market researcher Euromonitor International, the country’s overall fragrance market registered annual sales of USD298 million in 2016 and is projected to grow at an annual rate of 13.7% in next five year as the country’s USD2 trillion economy continues to grow at more 7% annually.…