Search Results for: Romanian

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 of 60% on brandy, rum, gin, vodka, liqueurs and vermouth imported from the EU would disappear on January 1 of that year, as would 35% duties on EU whiskies.…

BY KEITH NUTHALL
EU food producers and manufacturers will gain duty free penetration of the Romanian market by 2007, with Romanian duties being phased out on lines ranging from confectionary and dairy products to bread and vegetables. In return, Romanian producers get duty free access by 2007 for a similarly wide range of food products.…

BY KEITH NUTHALL
EUROPEAN Union (EU) meat producers will gain duty free penetration of Romania by 2007 for some key by-products, even if the country’s planned EU accession that year falls through. Under a free trade deal Romanian duties would be phased out on animal fats and oils, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, as well as animal fats that are boiled, oxidized, dehydrated, sulphurised, blown, or even polymerised.…

BY KEITH NUTHALL
DUTIES on a range of Romanian confectionary exported to European Union (EU) will be phased out by 2007, easing the country’s oncoming EU membership. Affected lines range from chewing gum, liquorice extract, white chocolate, boiled sweets and toffees.…

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
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
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
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
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.…