Search Results for: Romanian
10 results out of 204 results found for 'Romanian'.
ROMANIA’S TEXTILE INDUSTRY FACES LONG WAY TO RECOVERY
Hit heavily by Covid-19 and short of governmental help, Romania’s clothing manufacturers are pessimistic about their prospects. Romania’s textile and clothing brands fear it might take a long time to recover from the pandemic, after eight months of restricted business, and falling incomes.…
NEW EU PUBLIC PROSECUTOR CALLS FOR GOVERNMENTS TO STEP UP TO THE PLATE ON EPPO
The European Chief Prosecutor (ECP) of the embryonic European Public Prosecutor’s Office (EPPO) has challenged the 22 European Union (EU) states (1) that have signed up to an enhanced cooperation pact underpinning its existence to properly fund the new institution. Without enough money, the EPPO will not be effective, ECP Laura Codruţa Kövesi told Fraud Intelligence.…
ANNUAL EU CRIME REPORTS SHOW EUROPEAN INSTITUTIONS STILL FAILING TO CRUSH ENDEMIC FRAUD
THE EUROPEAN Union (EU) continues to struggle to clamp down on fraud within its revenue collection and spending programmes – making progress, but with major scams still emerging within the EU’s complex international decision-making systems.
In its latest annual ‘fight against fraud’ report (1) (2), covering 2019, the European Commission reports that 939 discovered irregularities were reported as fraudulent (8% of the number), involving EUR461.4 million in lost money (28% of that affected by irregularities).…
HUNGARY REMAINS STRONG MARKET FOR TOBACCO WITHIN EUROPE, AS GOVERNMENT TARGETS SMUGGLERS WITH ENFORCEMENT ACTIONS
HUNGARY continues to be an attractive market for tobacco majors, with its populist government seemingly determined to fight the European Union (EU) for the right to keep excise duties below EU mandated minimums, and the fact that, according to the OECD Country Health Profile 2019 official data (https://read.oecd-ilibrary.org/social-issues-migration-health/hungary-country-health-profile-2019_4b7ba48c-en#page1…
ROMANIA’S CLOTHING MANUFACTURING SECTOR FACES TOUGH RECRUITING CHALLENGES TO FORGE A SUSTAINABLE FUTURE
ROMANIA’S clothing and textile industry is facing a recruitment crunch and experts worry that it will struggle to find a strategy to ensure it can hire sustainably to ensure long-term growth. A survey from PwC’s HR benchmarking project Saratoga released last October (2019) concluded that Romania faces an “acute shortage of workforce”, needing about one million extra workers to sustain a 3.5% economic growth by 2023.…
ROMANIA PLAYS CATCH UP ON AML LEGISLATION – IMPELMENTIONG 4AMLD TWO YEARS LATE
ROMANIAN politics are rarely a placid affair, although February 5’s no confidence vote downing the National Liberal Party government of Prime Minister Ludovic Orban after just three months in office marks a period of particularly intense instability. This collapse comes as the government had hoped to debate implementing the European Union’s (EU) fifth anti-money laundering directive – a task that will not now be undertaken until parliamentarians replace the government, or – as is more likely – snap elections are held.…
GERMAN STATE GOVERNMENT REGULATORS UNDER FIRE IN MEAT HEALTH SCANDAL
Germany’s Federal Ministry for Food and Agriculture (BMEL – Bundesministerium für Ernährung und Landwirtschaft) has summoned its state-level (länder) counterparts for crisis talks following revelations that listeria-infested meat products have killed three people and made another 37 sick. These were made by from Twistetal, Hesse-based Wilke Waldecker Fleisch- und Wurstwaren.…
EU/WTO INTERNATIONAL REGULATORY ROUND UP – NEW EU COMMISSION PLOTS LABELLING REFORMS
THE NEW European Commission, which is now expected to assume office on December 1, is expected to push the further harmonisation of European Union (EU) food labelling rules regarding nutrition. Incoming EU health commissioner, Stella Kyriakides, of Cyprus, said she wanted to see the Commission act against pack claims declaring that products were healthy when they contained “a high level of sugar, fat or salt”.…
HIGH FASHION FOR PENNIES? ROMANIA’S CLOTHING AND TEXTILE WORKERS STILL STRUGGLE TO MAKE ENDS MEET
ECONOMIC data show how Romanian clothing and textile workers are suffering from comparatively low wages, with increases lagging behind employees in other sectors.
Average monthly net wages for workers in Romania’s textile, garment and footwear industry reached Romanian Leu RON 2,280 (USD543) in December 2018, almost a third less than the national average of RON3,770 (USD897), according to statistics from Romania’s National Institute for Statistics (Institutul Național de Statistică – INSSE) and Romania’s National Bank (Banca Națională a României – BNR).…
HIGH FASHION FOR PENNIES? ROMANIA’S CLOTHING AND TEXTILE WORKERS STILL STRUGGLE TO MAKE ENDS MEET
ECONOMIC data show how Romanian clothing and textile workers are suffering from comparatively low wages, with increases lagging behind employees in other sectors.
Average monthly net wages for workers in Romania’s textile, garment and footwear industry reached Romanian Leu RON 2,280 (USD543) in December 2018, almost a third less than the national average of RON3,770 (USD897), according to statistics from Romania’s National Institute for Statistics (Institutul Național de Statistică – INSSE) and Romania’s National Bank (Banca Națională a României – BNR).…