Search Results for: Romanian

Europe’s transition to electric vehicle ownership is developing at two clear speeds, with richer countries headed for mass market penetration in the early to mid 2020s but poorer countries lagging. 

This is posing a regulatory challenge for manufacturers – EV sales have to increase Europe-wide for carmakers to meet tough European Union (EU) CO2 emissions limits.…

THE EUROPEAN Union (EU) is expanding its network of cyber-crime expertise, with a view to beefing up intelligence, protections and responses to online criminal attacks, including frauds such as identity theft, as well as hacking.

EU member states and the European Parliament are to start talks establishing from January 2021 a European Cybersecurity Industrial, Technology and Research Centre, pooling European investment in cybersecurity research, technology and industrial development.…

THE EUROPEAN Commission has continued to push reforms to European Union (EU) VAT legislation to boost the fight against VAT fraud. It has tabled a directive and a regulation whose goal is to establish an electronic business portal for VAT declarations allowing companies selling goods online to EU customers to administer their VAT obligations in one e-government system.…

THE EUROPEAN Investment Bank (EIB) is lending EUR50 million – the first tranche of an approved loan of EUR150 million – to Romanian gas utility TRANSGAZ, to finance building a new pipeline linking Romania’s Black Sea shore natural gas resources with its national gas transmission network and the BRUA gas transmission corridor (linking Bulgaria, Romania, Hungary and Austria).…

THE DRAFT Brexit agreement that has caused political controversy in the UK, but which the European Union (EU) insists is its final offer, would – if approved – see the immediate retention of much existing cooperation between Britain and the remaining EU.…

With China losing its sheen as a low-cost manufacturing heartland, Bangladesh’s clothing exporters are tapping into this opportunity by diversifying into another new higher margin segment — suits.

Senior executives and analysts told just-style how potential larger profits are drawing in major manufacturers, who are now confronting the challenges of building technical knowhow, recruiting skilled labour and attracting global buyers available. …

AFTER years of slow growth since 2008, eastern Europe’s now mature cosmetics and personal care market has continued to show marginal gains in products sales in the past year, according to experts.

The region’s cosmetics and personal care products sales edged to USD23.67 billion in 2017 from USD21.74 billion in 2016, counting sales in Poland, Croatia, Bulgaria, the Czech Republic, Estonia, Latvia, Lithuania, Hungary, Romania and Slovakia, Belarus, Bosnia & Herzegovina, Serbia, Slovenia, Macedonia and Georgia.…

COMPANIES and citizens defrauding European Union (EU) revenue collection (including
customs duties and cross-border VAT fraud) and spending programmes, may from 2020 face
direct criminal proceedings brought by a European Public Prosecutor (EPPO). The EU
Council of Ministers has approved establishing this new institution in 20 of the 28 EU
member states – Austria, Belgium, Bulgaria, Croatia, Cyprus, the Czech Republic, Estonia,
Germany, Greece, Spain, Finland, France, Italy, Latvia, Lithuania, Luxembourg, Portugal,
Romania, Slovenia and Slovakia.…

THE EUROPEAN Bank for Reconstruction & Development (EBRD) is planning to lend up to USD100 million to LUKOIL Overseas Shah Deniz Ltd, a wholly-owned subsidiary of Russia’s PJSC LUKOIL, helping it take part in developing Azerbaijan’s Shah Deniz gas field. This investment is a rare EBRD financing of a Russian company.…

Romania’s ministry of public finance has announced that it is drafting proposed regulations that would introduce special taxation on foods and beverages with high sugar content, with the goal of boosting health standards. Targeted products could include chocolate, confectionery, ice cream, as well as soft drinks, sports and energy drinks, but so far, no detailed list has been published.…