Search Results for: Czech Republic

Turkish textile company Kivanc Tekstil, which recently secured a EUR3.7 million loan from the European Bank for Reconstruction & Development (EBRD) to expand its weaving capacity and boost its energy efficiency, has told WTiN.com that it is targeting Russia and China as key growth markets.…

THE EUROPEAN Union’s (EU) food and feed safety rapid alert network (RASFF) has warned of continued detections of salmonella contamination of imported meat and meat products across Europe. In most instances, consignments were exported from other EU member states. It reported six salmonella meat contamination cases between October 21 and 24 for instance.…

TECHNICAL and security experts have gathered at the International Civil Aviation Organisation (ICAO) to consider how to roll-out developing automated border control (ABC) systems, which offer hard-pressed airports the ability to better process surging passenger numbers.

Staged at ICAO’s headquarters, in Montréal, Canada, from October 22 to 24, the agency’s ninth symposium and exhibition on MRTDs [machine readable travel documents] biometrics and border security debated ABC developments such as newly-emerging technologies; trust issues; reliability; non-intrusiveness; biometrics; effective inspections tools; trusted traveller programmes; challenges to border integrity and ways to address them.…

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.…

A EUROPEAN Commission-ordered report has highlighted significant

shortcomings in gas interconnectors crossing national European Union (EU)

borders that are restricting the development of an EU gas market.

This ‘Study on Entry-Exit Regimes in Gas’ by the Netherlands’ DNV KEMA and

COWI Belgium said the absence of virtual trading points or short-term capacity

products are “highly critical barriers for the development of a well-functioning

entry-exit system”.…

A SPECIAL European Union (EU) VAT scheme allowing travel agents to pay one VAT payment on the profits they make from selling services applies to all their customers, and not just travellers, the European Court of Justice (ECJ) has ruled. The European Commission argued at the ECJ that the Czech Republic, Finland, France, Greece, Italy, Poland and Portugal should not allow travel agents to use this perk for non-travelling customers buying non-core services, but its case was rejected.…

THE MOLDOVA government was quick to respond to the latest Moneyval assessment (December 2012) of its anti-money laundering (AML) and combating the financing of terrorism (CFT) policies, adopting a five-year strategy and action plan in June. This responded to Moneyval’s recommendations that Moldova improve its anti-money laundering legislation and law enforcement.…

FOOD technology innovation could have a European Union (EU) budget of Euro EUR4.1 billion to tap from 2014 to 2020 under the EU’s Horizon 2020 programme. Political agreement over its funding and spending rules was secured in June, creating an overall pot of EUR70.2 billion, from which EUR4.1 billion could be earmarked for food and food-related research projects.…

ISLAMIC banks are big business in the Middle East and Southeast Asia, but not thus far in sub-Saharan Africa. The World Bank’s International Finance Corporation (IFC), however, recently took a USD5 million, 15% equity stake in Kenya’s Gulf African Bank (GAB) to support corporate finance and lending to small and medium businesses – its first in the sub-Saharan Islamic bank sector.…

The number of European Union (EU) member states imposing reverse charge VAT mechanisms to prevent sales tax fraud in the scrap metal sector could rise, with EU ministers allowing governments to use these systems without permission from Brussels.

The EU Council of Ministers has approved amendments to the EU’s VAT directive 2006/112/EC, enabling member states to force suppliers to pay VAT, rather than final consumers, when faced with a sudden onset of large-scale VAT fraud.…