Search Results for: Greek

BY MJ DESCHAMPS, ALAN OSBORN, IN LONDON, LEE ADENDORFF, IN LUCCA, ITALY; MICHAEL KOSMIDES, IN ATHENS; DAVID HAYHURST, IN PARIS; ANDREW KURETH, IN WARSAW; AND JOHN PAGNI, IN HELSINKI

THE POTENTIAL of micro-CHP (combined heat-and-power) for industrial businesses, residential complexes and individual homes is becoming increasingly clear across Europe.…

BY MICHAEL KOSMIDES, in ATHENS

CORRUPTION in Greece stems from the top and is still played down by the country’s main media, recently arrested Greek editor Kostas Vaxevanis told Fraud Intelligence after being acquitted November 1 of data protection charges. This followed his Hot Doc magazine’s naming of 2,059 Greeks with Swiss bank deposits.…

BY MICHAEL KOSMIDES, IN ATHENS

THE GREEK economic crisis may provide the perfect backdrop for money laundering. Dr Ioannis Filos, professor of Auditing at Panteion University in Athens and director of the Greek chapter of the European Business Ethics Network (EBEN) told the Money Laundering Bulletin that "it is obvious… that the financial stress is a big threat for someone to get involved in wrong actions/fraud/corruption."…

BY KEITH NUTHALL

THE BRITISH government will have to carefully assess whether its feed-in tariff system gives unfair advantages to UK-based utilities and their suppliers, following a new World Trade Organisation (WTO) disputes case brought by China. It has argued that Italy and Greece have broken WTO fair trading laws by unfairly favouring local companies in contracts securing subsidies under feed-in tariff systems.…

BY MICHAEL KOSMIDES, IN ATHENS

GREECE has clamped down sharply on movements of livestock on the Aegean island of Kos, to prevent bluetongue virus spreading to other islands and the Greek mainland. It follows reports of 10 cases being discovered in sheep and one in goats on the eastern Aegean island, which is just 4km from the Turkish coast.…

BY MICHAEL KOSMIDES, IN ATHENS

Greece implemented for the first time in September a law that allows the freezing of assets in cases of large scale tax evasion, with sources at the Greek finance ministry assuring Fraud Intelligence these measures "will most certainly be implemented in all other future cases of tax evasion."…

BY MARK ROWE

WITH its location adjacent to Europe’s key fashion centre Italy, a highly skilled labour force and low wages, Albania’s textile industry is repositioning itself amid the unrelenting economic crisis that is gripping Europe. A well-educated workforce and widely spoken Italian, English and Greek add to the appeal, according to Diana Cekhodima Sokolaj, president of the Albanian Fashion Designers Association.…

BY KEITH NUTHALL

THE EUROPEAN Commission preparing to release calls for research proposals commanding millions of Euros of European Union (EU) funding, offering opportunities for bioplastics companies. The initiative is the last batch of funding under the outgoing EU seventh framework programme on research, which ends next year.…

BY MICHAEL KOSMIDES, IN ATHENS

THE GREEK cosmetics market is still holding up, but with difficulty as the country faces years of austerity measures and recession. Although there have been no major mergers or closures in the country’s personal care product market, the market looks far from healthy.…

BY MICHAEL KOSMIDES, IN ATHENS

It is maybe the clearest sign imaginable that Greece is in deep economic trouble: people are smoking a lot less. With disposable incomes falling steeply, Greek smokers are buying far fewer cigarettes. And the contraband sector is booming.…