Search Results for: Greece

In a socially-reserved country such as Saudi Arabia where entertainment options are mostly limited to shopping and cafes – the opening of spas and beauty salons offer another avenue for leisure and recreation.

According to market research company Euromonitor International, Saudi Arabia’s spa market was valued at Saudi Arabian Riyals SAR275 million (USD73.3 million) in 2017, growing by 7% over 2016.…

THE EUROPEAN Commission has proposed a new revamped European Union (EU) directive on combating fraud and counterfeiting of non-cash means of payment, with a key aim of criminalising scams associated with virtual currencies.

This legislation, which updates now obsolete 2001 rules, would insist EU member states treat as crimes possessing, selling, procuring, importing and distributing a stolen or unlawfully appropriated counterfeited or falsified non-cash payment instruments.…

GREECE is planning to make country-of-origin labelling on milk mandatory from 2018, Agriculture Minister Evangelos Apostolou said on 7 September. The labelling regulation bill will be discussed in the Greek parliament this week.

With this move, Greece joins a growing trend of European Union (EU) member states, notably France last year, to introduce these labelling rules for milk.…

CONFECTIONARY manufacturers in India are having to grapple with their products and ingredients attracting a wide range of tax rates under the country’s new goods and services tax (GST), which started to be levied from July 1.

India’s GST Council, a body representing the central and state governments, has been deciding which goods will be covered by the zero, 5%, 12%, 18% and 28% tax rates allowed under India’s GST legislation. …

SOUTH Africans are boosting their spending on cosmetic surgical and non-surgical procedures, with their national market expected to generate South African Rand ZAR94.15 million (USD7.1 million) in annual receipts by 2024. This reflects a 5.8% annual growth rate from the ZAR61 million (USD4.6 million) spent in 2016, according to US-based market research and consulting company Grand View Research, in figures released in July (2017).…

THE EUROPEAN Union (EU) and China have struck a geographical indications deal preventing the names of 100 traditional food and drink items from either jurisdiction being used by manufacturers based outside their historic production regions or following standardised production techniques. Without complaints from manufacturers, the agreement will be formalised later this year.…

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.…

THE EUROPEAN Bank for Reconstruction & Development (EBRD) is planning to lend up to USD100 million to LUKOIL Overseas Shah Deniz Ltd, a wholly-owned subsidiary of Russia’s PJSC LUKOIL, helping it take part in developing Azerbaijan’s Shah Deniz gas field. This investment is a rare EBRD financing of a Russian company.…

EUROPEAN Union (EU) lawmakers are calling for a seismic shift towards low carbon mobility in the auto sector, including requiring manufacturers to meet a 25% minimum fleet quota for electric vehicles by 2025 and a sales ban on cars emitting carbon dioxide (CO2) by 2035. …

The European Union (EU) and China have struck a geographical indications deal involving both parties preventing the names of 100 traditional food and drink items from either jurisdiction being used by manufacturers not based in their historic production regions or following standardised production techniques.…