Search Results for: Greece

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.…

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.…

THE EUROPEAN Commission has told Greece to scrap a meat import levy system that diverts this charge to a fund subsidising Greek farmers. In announcement yesterday (Thursday), the Commission said Greece was breaching European Union (EU) laws on fair trading, because the levy made EU meat traders from outside Greece give financial support to their Greek competitors.…

PORTUGAL’S Faro Algarve Airport may not be the first airport that leaps to mind when considering where to test-run the latest in air travel security equipment, but the airport is trialling a cutting-edge airport security system.

Located in the country’s southern Algarve region, it is a small airport with seasonal peaks and troughs of traffic that processed 5,672,377 passengers last year (2012) – the majority of whom arrived on budget carriers between June and September.…

EUROPEAN Union (EU) negotiators are approaching the final decision over the future of EU sugar quotas, with a deal expected between the European Parliament and EU Council of Ministers by the end of June. What is almost certain is the current phase-out date of 2015 is dead.…

EUROPEAN Union (EU) heads of states and governments have urged their ministers to agree important pieces of draft EU legislation that could potentially curb tax evasion in the bloc.

Meeting during a European Council meeting in Brussels last week (May 22), leaders were under pressure to act from media reports revealing how much untaxed incomes politicians, companies and rich business owners have stashed in tax havens.…

Greece – the Olympian challenge

Hercules may have succeeded in cleaning the Augean stables but the mythic hero would surely have shaken his head at the state of the Greek parliament, labouring to implement austerity measures against a backdrop of corrosive corruption and widespread tax evasion.…

AT a time when the world seems increasingly led by lifelong politicians, it is perhaps refreshing to hear from a political leader who has a solid background in business, and such is former Canadian Prime Minister Paul Martin.

Speaking to Accountancy Futures, he showed how more than half-a-century of business and public life can be brought to bear in financial and commercial mentorship.…

SUMMER 2013 marks an important milestone in the evolution of the European Union (EU) regulatory framework and financial support for Trans-European Energy Networks (TEN-E) that will contribute towards the European Commission’s goal of a single-energy market for gas and electricity. Oil and carbon dioxide (CO2) transport from carbon capture and storage systems also figure in the picture.…

CORRUPTION costs the European Union (EU) EUR323 billion a year, three times more than previous estimates,  a study by the Hertie School of Governance in Berlin, Germany, and the Brussels office of Germany’s Bertelsmann Stiftung (Foundation) suggests. In an April 9 report to the European Parliament, Hertie and Bertelsmann Stiftung calculated that EU member states could increase annual tax revenues by roughly this much if they reduced corruption to levels found in Denmark, ranked by Bertelsmann Stiftung as the least corrupt in the EU.…