Search Results for: Romanian

BY KEITH NUTHALL
EUROPEAN Union (EU) ministers have been asked to approve granting Romanian wool producers immediate duty free access to the EU market for their crude wool grease exports from this year until 2007. Romania will then probably become an EU member country, enjoying unfettered access to the EU market for all its wool goods.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) has announced two loans that will allow Romanian and Slovenian companies to lease commercial and passenger vehicles. As part of its general remit to develop eastern Europe, the bank will lend Euro 10 million to Romania’s BCR Leasing, which will on-lend the money to small businesses “to purchase cars or equipment that will support their business development”.…

BY KEITH NUTHALL
ROMANIA was to inaugurate its first specialised commercial court on October 1, part of a process to match the country’s legal system with norms in the European Union (EU). The business court will be staffed with eight judges, seven clerks and four support staff (including an IT specialist).…

BY KEITH NUTHALL
EUROPEAN Union (EU) drinks producers will gain duty free penetration of the Romanian market by 2007, even if the country’s planned EU accession on that year falls through. Under a free trade deal designed to ease its membership, Romanian duties on beer would be phased out from 45% today to zero by 2007, 60% brandy, rum, gin, vodka, liqueurs and vermouth duties would disappear on January 1 of that year, as would 35% duties on EU whiskies.…

BY KEITH NUTHALL
THE ROMANIAN government will inaugurate the country’s first specialised commercial court on October 1, part of a process to match the country’s legal system with norms in the European Union (EU). Romania hopes to become a member state in 2007 and as a result, earlier this year passed a law reorganising its judiciary.…

BY KEITH NUTHALL
THE EUROPEAN Environment Agency (EEA) says the old 15 member European Union’s (EU) greenhouse gas emissions fell by 0.5% from 2001-2, following increases in the previous two years. Sadly, proactive anti-global warming measures were not top of the agency’s reasons for the cut.…

BY KEITH NUTHALL
THE EUROPEAN Bank for Reconstruction and Development (EBRD) is lending Euro 135 million to two Romanian wood-processing companies, to prepare them for acquisition by Kronospan Holdings Limited, Europe’s leading wood panel producer. The loan will help financially restructure MDF Sebes, a medium-density fibreboard and resin plant, and Sepal, a particle-board plant.…

BY KEITH NUTHALL
ROMANIA’S meat processing industry will be given three extra years – to the end of 2009 – to modernise and upgrade 26 slaughtering and meat processing units and two poultry processing plants to meet European Union (EU) standards, if the country joins the EU in January 2007.…

Keith Nuthall
ROMANIA’S drinks industry will be allowed to protect within the EU traditional names of certain wine and spirit products under an agreement with the European Commission helping the country to join the EU by the end of 2006. The deal on agricultural matters will prevent non-Romanian producers from selling wines called Vinars Târnave, Vinars Murfatlar and Vinars Vrancea, as well as spirits named Palinca and Tuica Ardeleneasca de Bistrita (SPELLINGS CORRECT).…

BY KEITH NUTHALL
ROMANIA’S drinks industry will have an eight-year transitional period, until 2015, for ending the use of prohibited hybrid vine varieties for quality wine production; it currently produces half its wine from such grapes. It will also be allowed to protect within the EU traditional names of certain wine and spirit products under an agreement with the European Commission helping the country to join the EU by the end of 2006.…