Search Results for: Romanian

MANY personal care product markets in eastern and central Europe are growing slowly, with incremental growth being tapped especially by major international brands who have squeezed out local players with their solid pricing and reliable quality.

But with natural cosmetics rising in popularity, there is still space for innovative smaller players with sufficient local roots and knowhow to appeal to consumers in what remains an extremely diverse region in terms of culture and consumer habits.…

FACED with the twin threats of Brexit and a new US President-elect who prefers bilateral relations to multilateralism, the European Union (EU) and its institutions are nonetheless pushing ahead with forging a collaborative system of anti-fraud law enforcement.

In a sign that such initiatives draw overwhelming backing from European Parliament political groups, the EU’s elected assembly, its plenary has backed by 545 votes to 91 a detailed call for the European Commission to review its legislation against corruption and organised criminals.…

MILLIONS of Euros have been released by the European Union (EU) to fund projects deepening the international gas pipeline network in eastern Europe, a key element of EU plans for forge an ‘energy union’.

One major project is a EUR179 million plan to create the Bulgaria–Romania–Hungary–Austria (BRUA) system of gas lines.…

THE EUROPEAN Commission has completed the first phase of an assessment designed to help the European Union (EU) frame its own blacklist of jurisdictions deemed un-cooperative over tax evasion and avoidance. Brussels has released a ‘scoreboard’ of non-EU jurisdictions judging whether they exchange information with foreign tax authorities, have preferential or low tax regimes, have close and important economic and financial links with the EU and are politically stable (and hence more attractive as a tax haven).…

IN an ever more interconnected world, where reliable energy flows are of critical importance to sophisticated developed economies, the role of diplomacy in helping keep oil and gas flowing is perhaps more important than ever before.

Of course, oil and gas has always been an international business.…

THE opening of Paddy Power bookmaker shops in provincial Romanian cities such as Cluj in the past year is the latest show of international ambition from an Irish corporation which has become a market leader and has shaken up the European gambling industry.…

allowing gas – including LNG – to be transported between the two countries, starting July 1 (2016). This deal was struck between the network operators for Bulgaria and Greece – Bulgartransgaz and DESFA. It will enable companies from both sides and other countries to make north- or southbound deliveries, boosting gas movements between Greece, Turkey, Macedonia and Ukraine.…

Delivering products that are present in everyday life to unknown markets across the globe, online sales are essential to boost the already booming EUR77 billion European cosmetics market, Cosmetics Europe director general John Chave told last week’s ‘Personal care in a changing world’ conference in Brussels (June 13-17).…

A SWEEPING review of Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006, published in April 2016, has made more than 80 recommendations to tighten and extend the scope of this key piece of legislation. Among these are proposals to streamline due diligence obligations on the part of reporting entities while reinforcing auditing procedures, increasing the scope of the legislation to cover more professional categories and types of transactions and increasing surveillance particularly in the remittance sector.…

The European Union (EU) is struggling to resolve deep political divisions over whether a future diligence scheme to prevent conflict minerals hitting Europe’s shores should be mandatory or voluntary and over the influence that industry should have on the system’s operation. …