Search Results for: Belgium

The European Commission today cleared the acquisition of the Corialis Group, a European supplier of aluminium extrusion services and aluminium doors and windows, by Advent International Corporation, a US investment firm. A Commission communiqué said the deal “would not raise competition concerns as Advent is not active in any market in which Corialis is active” at present, notably the aluminium sector.…

THE BELGIAN government will have to defend it taxation system for collective investment undertakings (CIUs) at the European Court of Justice, with the European Commission claiming Belgium discriminates illegally against CIUs from other European Union (EU) member states. The Commission claims tax rates charged on Belgian CIUs are lower than foreign EU undertakings – breaching EU rules encouraging the free movement of capital across the union.…

THE EUROPEAN Union’s (EU) finance ministers agreed at an EU economic and finance ministers (ECOFIN) meeting on the scope of the long-threatened ‘financial transaction tax’, and 11 governments pledged to reach an agreement on its details by the end of the year.…

THE AVERAGE tax burden in the developed countries of the Organisation for Economic Cooperation & Development (OECD) have continued to rise, up 0.4% in 2013, to 34.1% of GDP, compared with 33.7% in 2012 and 33.3% in 2011. A new OECD report said the largest 2013 increases were in Portugal, Turkey, Slovakia, Finland, and Denmark, which has the highest tax-to-GDP ratio among OECD countries – 48.6%, followed by France, 45%, and Belgium, 44.6%.…

LAW enforcement authorities in Austria, Belgium, Britain, Cyprus and Hungary seized on Monday (September 1) several million counterfeit pills in simultaneous operations coordinated by the European Union (EU) law enforcement agency Europol and the judicial cooperation agency Eurojust. The medicines seized are worth at least EUR10 million, according to Europol.…

THE EUROPEAN Commission has approved the full acquisition of the Belgian ground handling company Aviapartner by the French management fund HIG European Capital Partners SAS. Aviapartner is currently present at 35 airports in five European countries: Belgium, France, Germany, Italy, and the Netherlands, where it specialises in ramp and passenger services, cargo handling and freight related services.…

Energy savings of up to 30% are possible if clothing and textile producers apply a “simple” system of cost assessment, a Brussels conference of industry experts has been told. Yet too many companies lack fine-tuned energy data and are certainly unable to quantify the money they are losing or know how to focus on the problem.…

When it comes to shipment of liquids in bulk, flexitanks are emerging as a viable alternative to traditional methods, and personal care product companies are taking notice. These huge, impenetrable and foldaway polyethylene bags that fit inside shipping containers can transport up to 24,000 litres of liquid at a time.…

The cogeneration market in Turkey is in flux. Overall combined heat and power (CHP) capacity has dropped over the past decade from 15% of total energy capacity in 2004, to 14% in 2013, primarily due to high oil and gas prices in the wake of market liberalisation that made CHP less cost effective.…

THE EUROPEAN Commission has launched the second phase of its fuel cells and hydrogen joint undertaking, sinking EUR1.33 billion into hydrogen-based energy and transport fuel technology until 2020. The European Union (EU) is planning to contribute up to EUR665 million, leveraging at least EUR665 million from private sources.…