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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.…

THE EUROPEAN Commission has released documents showing that it wants the US to ban future export restrictions on selling energy products raw materials to the European Union (EU), during negotiations for the planned Transatlantic Trade and Investment Partnership. This would be the world’s largest bilateral trade deal.…

Croatia’s paint and coatings industry is aiming to capitalise on the benefits of the country’s recent July 1 accession to the European Union (EU), and is hoping that an economic recovery can also help the industry return to growth over the next year.…

REVISED European Union (EU) nuclear safety rules proposed by the European Commission, the EU’s executive body, may undermine the authority of national safety regulators and complicate the work of nuclear operators, according to Foratom, the organisation representing the interests of the European nuclear industry.…

A PUSH by the G8 group of the world’s seven most industrialised nations plus Russia to improve extractive industry transparency and openness can help industrial minerals companies manage the payments they make in developing counties, as they will only have to follow one set of rules, according to Rio Tinto chief executive Sam Walsh.…

Major European companies extracting industrial minerals worldwide will now have to disclose the payments they made to third countries governments if they are higher than EUR100,000 per year starting 2015, following a European Parliament vote this afternoon (Wednesday). The new rules are part of a reform of the European Union’s (EU) accounting directive, backed by an overwhelming majority of MEPs, sitting in Strasbourg.…

European companies extracting non-ferrous metal ores anywhere in the world will now be forced to disclose the payments they made to third countries governments if they are higher than EUR100,000 per year starting 2015, following a European Parliament vote this afternoon (Wednesday).…

THE WORLD’S 49 least developed countries have been given another eight years to implement the intellectual property protection rules demanded by the World Trade Organisation (WTO). This means that their governments have the freedom to choose whether to protect trademarks, patents, copyright, industrial designs, geographical indications and other rights, potentially harming pharma companies.…

TURKMENISTAN’S growing textile sector may in future provide opportunities for foreign investment through the privatisation of state-owned manufacturing units, a spokesman from the European Bank for Reconstruction and Development (EBRD) in Ashgabat told just-style.

But overseas investors needed to take care, he said, noting a lack of international best practice within the sector – warning investment in the central Asia republic was a “long shot in the mid-term if not further in the future”.…

EASTERN European textile and clothing companies used to have a cost advantage in serving wealthy western European markets, but that has long been eclipsed by Asian competition – added value technical textiles may offer them a sustainable future.

In Poland’s hard-pressed textile industry, its fast-growing technical branch may constitute the future of the national industry, experts in the country’s industry say.…