Search Results for: Poland

THE USA’s Securities & Exchange Commission (SEC) has settled a bribery case with Indiana-based pharmaceutical Eli Lilly & Company, where the company has agreed to pay more than USD29 million in fees, penalties and charges. Lilly was charged with violations of America’s Foreign Corrupt Practices Act (FCPA) over alleged bribes by its subsidiaries to foreign government officials in Russia, Brazil, China, and Poland, in return for business.…

THE CHINESE government is drafting a new five-year anti-corruption plan for 2013 to 2017, which is expected to increase supervision of lower-ranking Communist party cadres. To be finalised and published before June, the new plan, said a Politburo statement is likely to “intensify supervision of officials’ adherence to various disciplines…” The statement backed more “limits and supervision of officials’ power and campaigns to promote a clean work style at grassroots levels…”

Other recent international fraud news:

*Global law enforcement representatives and football executives have met for the first time at a conference held to combat match fixing frauds, which generate millions of dollars of illicit gambling revenue for organised crime syndicates.…

BY KEITH NUTHALL

A REPORT released by the European Union’s (EU) umbrella groups for gas and electricity regulators has claimed wholesale energy prices within the EU are beginning to converge, as cross-border sales develop. Consumer prices still varied significantly between the EU’s 27 member states, however.…

BY MARK ROWE

TO describe recent times as difficult for the eastern European cosmetics industry would be something of an understatement. Since 2010, some countries have experienced dizzying declines in production and sales that indicated the industry was more or less in tune with the wider economic mood across the region.…

BY JONATHAN GILBERT, IN BUENOS AIRES; AND CARMEN PAUN, IN BRUSSELS

The World Trade Organization’s (WTO) dispute settlement body discussed today in Geneva a complaint lodged by the European Union (EU) against Argentine import restrictions which is harming EU auto and auto-part exports.…

BY GERARD O’DWYER, IN HELSINKI

Finnish semi-state industrial group Ruukki will have been helped in its plans to streamline its steel and engineering businesses by the European Commission’s approval of a new joint venture Fortaco, a senior manager involved in the deal told Steel First.…

BY MARK ROWE AND CARMEN PAUN

AMIDST the fanfare that greeted Romania and Bulgaria’s accession to the European Union, there was little expectation that membership would eradicate corruption overnight. There were, though, reasonable grounds for anticipating tangible progress. Five years on, major corruption scrutiny bodies appear to have come to just such a conclusion: that Bulgaria at least has made substantial efforts to clean out some of the worst elements of corruption, but has plenty left to do.…

BY MJ DESCHAMPS

FROM toxic t-shirts to virtual fitting rooms, defamatory garments and compostable shoes, the clothing and textiles industry in 2012 was anything but dull.

The year started off with workers at Mexican textile firm Hilaturas Tejidos y Acabados Xtra ending a four-year strike in January after agreeing on a new wage deal with its owners – proving that sticking to your guns long enough can actually pay off.…

BY KEITH NUTHALL

EUROPEAN Union (EU) and Japanese paint and coatings exporters could benefit from a future free trade deal, with the European Commission announcing that formal trade talks between these two developed world giants will go ahead. Brussels’ directorate general for trade is stressing that Japan must make offers to remove its notoriously tough non-tariff barriers – such as trade licensing and other red tape – for the talks to succeed.…

BY KEITH NUTHALL

EUROPEAN Union (EU) and Japanese plastics exporters could benefit from a future free trade deal, with the European Commission announcing that formal trade talks between these two developed world giants will go ahead. Brussels’ directorate general for trade is stressing that Japan must make offers to remove its notoriously tough non-tariff barriers – such as trade licensing, declarations, inspections, labelling, certification, port clearance and other red tape and other red tape – for the talks to succeed.…