Search Results for: Finland

MULTI-COUNTRY regions such as eastern Europe do not always follow the same script when it comes to market performance. Sometimes, when major events happen, such as the global financial crisis, it is difficult for national coatings markets to buck the trend, but with the recovery now established, weakening economic headwinds, the latent differences between national markets can become clear.…

The Organisation for Economic Cooperation & Development (OECD) working group on bribery has criticised three European Union (EU) member states for their “limited efforts” to comply with the OECD Anti-Bribery Convention. It is also concerned about their weak response to the working group’s recommendations for improvements made to Belgium in 2013, Finland 2010 and Slovenia 2014. …

CHINA’S central bank, the People’s Bank of China (PBC), has issued a new anti-money laundering and terror finance reporting requirements for all financial institutions inside the country. The rules come into force July 1. They cover banks, brokers, foreign exchange, online and mobile payment systems and insurance companies, who will have to file reports to the central bank, via their headquarters or via representative institutions, if a client requires daily cash transactions exceeding Chinese Yuan Renminbi CNY50,000 (USD7,261) or a larger amount of USD10,000’s worth in foreign currency.…

Flushable wipes range from adult moist toilet tissue to feminine hygiene wipes, and the sector has been steadily growing for years. According to UK-based market researcher Euromonitor International, the global retail volume for personal care wipes nearly doubled between 2003 and 2013, from 93 billion units to almost 170 billion units sold, respectively.…

COMPETING fastfood chains are snapping at McDonald’s heels in Finland as the global player closes branches. McDonald’s now has just 72 outlets after chopping 10 in 2015. The remainder largely consists of franchises (59) with the rest owned by the Finnish subsidiary (13).…

The European Commission has noted that while the number of patent settlements in the European Union (EU) pharmaceutical sector declined in 2014, it is still optimistic that such deals will be used to avoid legal action in future. It says in a report that there were 76 patent settlements concluded between originator and generic companies in the EU pharmaceutical sector in 2014.…

THE EUROPEAN Federation of Pharmaceutical Industries and Associations (EFPIA) has called for more flexibility in proposed revised European Union (EU) good manufacturing practice (GMP) guidance on qualification and validation. Europe’s pharma industry federation thinks this would encourage the use of new technologies and methods going forward.…

BRUSSELS DETAILS UPCOMING EU VAT REFORMS

THE EUROPEAN Commission has released a statement outlining the subject of planned VAT legislative proposals to be made next year (2016). These will reduce the administrative burden on businesses through VAT regimes varying between European Union (EU) member states.…

THE ONWARD march of nonwovens production in Europe appears to be relentless, but the drivers behind it have changed in recent years. Early markets for disposable products have matured and levelled off in many countries and newer applications have taken up the slack.…

New domestic and foreign suppliers are entering the growing organic meat sector in Denmark, encouraged by its long term prospects, strong consumer demand and government backing.
Growth in both production and sales of organic chicken has been particularly impressive in Denmark since 2010, achieving a 26% increase in 2014.…