Search Results for: Latvia

THE INDUSTRIAL minerals mining and processing sector and its customers has an increasingly complex and global supply chain and as a result, international technical standards are growing in utility and importance. Where suppliers and retailers follow and require the use of international standards to guide their operations and products, there will be fewer nasty surprises, in orders and purchases.…

Turku-based Hesburger is now building sales in Belarus, having announced it would move into this country in 2017. This follows launches in Ukraine in 2015, and Bulgaria in 2016. Having branched abroad into Estonia first in 1996, now has 207 overseas outlets in eight countries (also including Russia, Latvia, Lithuania, as well as Germany, close to 271 it has in Finland.…

THE EUROPEAN Union (EU) chocolate, biscuit and confectionery industry association CAOBISCO has raised concerns that EU exporters will be unable to exploit the reduction of Japanese tariffs under the EU-Japan Economic Partnership Agreement (EPA), in force since February 1. CAOBISCO is concerned about how the deal includes rules of origin forcing its members to demonstrate how they source specific volumes of ingredients from the EU, rather than their value, which would be easier to demonstrate.…

A FINNISH burger chain that has taken the plunge into some of Europe’s most challenging eastern markets now has almost as many outlets abroad as in its home market.

Turku-based Hesburger is now building sales in Belarus, having announced it would move into this country in 2017.…

It may not have been widely noticed internationally, but Dublin has become a key cog in the Russian economy’s financial system. That exposure – while profitable for the city’s accountants and lawyers – also risks becoming a liability due a lack of transparency over the source and use of funds.…

EUROPEAN Union member states are dragging their feet implementing the fourth anti-money laundering directive’s (4AMLD 2015/849) beneficial ownership rules. Only five countries met the June 26, 2017, AMLD4 deadline for having an ultimate beneficial ownership (UBO) register under national law – Britain, Denmark, France, Germany and Sweden- according to the European Commission. …

EASTERN Europe remains a highly diverse market, where major beauty brands must think strategically to achieve economies of scale and a regional presence that really deliver profits. This is also a region where some markets are significantly bigger than others – with Russia and Poland being key targets.…

THE WORLD Trade Organisation (WTO) Disputes Settlement Body (DSB) has agreed to establish disputes settlement panels to rule on whether retaliatory duties imposed by Canada, China, and Mexico on US meat exports, imposed in response to America’s controversial steel and aluminium tariffs, break WTO rules.…

Centre right members of the European Parliament’s special committee on financial crimes, tax evasion and tax avoidance (TAX3) have hit out at the 18 EU member states, that offer citizenship or residence in exchange for investments. The MEPs, members of the European People’s Party (EPP), spoke out November 14 as the committee handed down a draft report*, with findings and recommendations, including phasing out such rights.…

A SALES and Services Tax (SST), replacing Malaysia’s now abolished goods and services tax (GST), has come into force (from September 1), via the new Sales Tax Act 2018 and the Service Tax Act 2018. The SST is a single-stage tax, a sales and services tax imposed on manufacturers and service providers rather than end customers, as with the 6% GST.…