Search Results for: Portugal

European Union (EU) member states have been adapting to the new legal guidance on access to their national registers of ultimate beneficial owners (UBOs) following the November 2022 ruling (1) at the European Court of Justice (ECJ) and a new EU directive published June 19 (2024).…

The Colombian digital textile printing sector is innovating to overcome weak sales trends in fabric and clothing sales, with challenges to exports and production. Local companies are as a result pushing technological adoption to improve response rates and production times, especially regarding digital printing techniques.…

A Financial Action Task Force (FATF) paper on gatekeeper professions and corruption has highlighted how some major countries are dragging their feet in implementing AML/CFT controls. Concerns focus on lawyers/notaries, accountants, real estate agents and company/trust service sectors. Indeed, jurisdictions delivering 50.89% of global GDP comply with half or fewer of FATF requirements for squeezing dirty money from these professions, said its report ‘Horizontal Review of Gatekeepers’ Technical Compliance Related to Corruption’ (1).…

The new president of the European Apparel and Textile Organisation (EURATEX), the Portuguese textile entrepreneur Mario Jorge Machado, wants to push for a more united European Union (EU) to fight unfair competition worldwide.
Machado was elected by his peers during the Euratex’s general assembly on June 14.…

While the global footwear market is always buoyed by the basic human need for shoes, the supply chain difficulties caused by Covid-19 and Russia’s invasion of Ukraine, and the recent wave of inflation, has challenged the industry, especially high-end brands.

With inflation abating, manufacturers and retailers are starting to relax, however, with market researchers bullish about the footwear industry’s medium-term prospects.…

Textile factories need to start modernising immediately, not in the future – or they risk becoming obsolete in the face of new standards, new technology and increasing sustainability regulations a comprehensive European Union (EU) funded report has advised. ‘The Modern Textile Factory Report’ (1), compiled and led by Porto, Portugal-based Smartex, which offers digital and AI solutions to textile manufacturers with the aim of “empowering factories to produce with full traceability and zero waste” warned of an “approaching commercial and regulatory storm”.…

The European Union (EU) Council of Ministers has given its final approval to an EU directive insisting that EU member states criminalise and impose dissuasive punishments on the deliberate evasion of sanctions (1).

This law has been drafted amidst rising concern that Russia and Russians are effectively bypassing the slew of sanctions ordered following their country’s ongoing full-scale invasion of Ukraine (2).…

New digital and intelligent technologies are creating sweeping changes across the textile and clothing sector, with design being a particular focus of these innovations. Their goal is not to replace design brilliance, but rather to assist the inspiration and bring more popular designs to market in a cost-efficient way.…

Portuguese academic associations are warning that a majority of students are considering emigration after they complete their courses, because job opportunities on offer are to scant and poorly paid to secure a good living. 

Surveys by the Coimbra Academic Association of the University of Coimbra (founded in 1290) and the Porto Academic Federation (Federação Académica do Porto – FAP), a platform for all HE student associations in Portugal’s second city, released worrying data before the country’s March parliamentary elections.…

Accountants and their clients within the European Union (EU) have had to avoid trading with an increasing number of sanctioned individuals and companies, especially in Russia, following its invasion of Ukraine. Now, with sanctions evasion being criminalised across the EU under a new proposed law, the risk of exposure to sanctions for EU companies and their accountants and auditors has risen further – both when dealing with actors subverting these measures and when undermining sanctions themselves, of course.…