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Given today’s uncertain global economic environment, it is up to CFOs to manage expectations and push for their companies’ long-term growth through clear planning and a responsible corporate culture. Business leaders from across the globe discussed how to navigate these issues at the seventh ACCA Poland CFO European Summit, staged in Warsaw, on November 19.…

DOCUMENTS obtained by Confectionery Production from the European Union (EU) indicate that Ukraine has lost up to USD126 million’s worth of confectionery export sales to Russia this year, because of Russian trade restrictions.
EU briefing papers note that Ukraine has been complaining to the World Trade Organisation (WTO) since October 2013 about alleged “unjustified barriers to trade caused by the measures of the Russian Federation, in particular, on Ukrainian confectionery products.”…

THE EUROPEAN Investment Bank (EIB) is planning to invest Polish Zloty PLN550 million (USD162 million) in Warsaw Chopin Airport, helping fund a PLN1.1 billion improvement plan. This includes work to reconfigure terminal one, improve its integration with terminal two, resurface the main runway, build new taxiways and aprons, construct a second airport hotel and provide a new aviation fuel supply line.…

THE EUROPEAN Commission’s response to Europe’s African swine fever (ASF) crisis was criticised at the European Parliament yesterday (Tuesday Oct 7) for being too weak. The disease has brought about considerable economic damage to Latvia, Lithuania and Poland, members of the parliament’s agriculture and rural development committee warned in Brussels.…

THE EUROPEAN Commission has announced a further four European Union (EU)-funded marketing programmes promoting sales of EU-produced meat, within member states and abroad. These are in addition to the Euro EUR7.7 million programme promoting lamb sales run by British beef and lamb levy body Eblex, Ireland’s Bord Bía, France’s Interbev, announced earlier this week.…

THE NEW European Commission of president Jean-Claude Juncker, which will take office for five years on November 1 is expected to be more political than its predecessors and certainly has a clear brief from its boss: more growth and jobs.

Juncker, a consummate European Union (EU) insider, a former president of the Eurogroup of Euro-zone finance ministers, and an ex-prime minister of his native Luxembourg, will use powerful vice-presidents to keep his team in line.…

THE EUROPEAN Union (EU) commissioner-designate for industry, internal market, entrepreneurship and small and medium sized-enterprises (SME) – Elżbieta Bieńkowska – has promised to stop the revolving door of EU legislation that has complicated the life of EU cosmetics firms.

Speaking to Soap, Perfumery & Cosmetics after her confirmation hearing in the European Parliament on October 2, Polish centre-right politician Ms Bieńkowska promised there will be no new legislation impacting the sector if confirmed in her position: “No new legislation, because I would always want to have less legislation than more,” she said, noting that Europe’s cosmetics market was growing and left relatively unscathed by the economic and financial crisis.…

FOUR Baltic-rim states have reached an agreement on a programme of joint measures to combat the outbreak of the fatal African swine fever virus (ASFV) in the region. Poland, Latvia, Lithuania and Estonia established a Baltic-Polish taskforce on July 30, to eliminate the spread of the disease, which was detected at a piggery in Eastern Lithuania on July 22.…

Chinese construction firms have cornered plenty of business in Africa and Latin America, but they need upskilling to consolidate their position. Anyone who observes the queues of nervous young men lining up in the early morning in Beijing’s tree-lined Sanlitun diplomatic district will be in no doubt of the intensity of Chinese activity in Africa and Latin America.…

One consequence of the ageing population in many parts of the world is a significant increase in demand for nonwoven adult incontinence products, notably adult nappies. Indeed, in Japan, which has one of the most rapidly ageing populations, there have been reports of adult diaper sales exceeding those of babies for some manufacturers.…