Search Results for: Romanian

It has taken more than half a decade for the cosmetics markets of eastern Europe to finally shrug off a long-running period stagnation that has characterised the regional market. Two underlying features – the financial crisis of 2008 and the completion of multinational takeovers in the noughties that saturated these post-communist markets – lay behind the extended period of slow, low or non-existent growth.…

THE EXPANSION of Renault’s manufacturing operations in Algeria looks set to continue, providing new jobs in the north African nation, fuelling speculation about its strategic significance. The company has already created 250 direct jobs and 500 indirect jobs according to Guillaume Josselin, chief executive officer of Renault Algeria, through the opening last November 10 (2014) of a car manufacturing plant, based in the coastal city of Oran.…

THE NEW European Union (EU) food labelling rules that started applying from December 13 have brought harmonisation about how and what information should be given to EU consumers, representatives of the confectionery industry say. But upcoming changes that are still being discussed may pose some challenges for manufacturers and packagers alike.…

European parliamentarians debating European Commission proposals for the voluntary self-certification by European companies importing tin, tantalum, tungsten and gold from ‘conflict and high risk’ regions have called for more clarity about how the system would operate.

In the first exchange of views on the proposal in the European Parliament, centre-right Romanian MEP Iuliu Winkler told the institution’s international trade committee members.…

Romania has been asked by the European Commission to give foreign EU companies the same rights as Romanian businesses regarding taxing their interest income. Romania resident legal entities are taxed only on net interest income, while foreign EU organisations are taxed more heavily on gross interest income earned in Romania.…

INTERNATIONAL Financial Reporting Standards’ (IFRS) are not perfect, but their benefits to the European Union (EU) have outweighed their costs, an Association of Chartered Certified Accountants (ACCA) event in Brussels heard on September 25. The European Commission is carrying out its first public consultation on the impact of IFRS in the European Union (EU), seeking formal comments by October 31, helping it generate policy proposals by the end of this year.…

THE ROMANIAN health ministry is working on the revised list of medicines that patients suffering from cancer and other chronic disease could receive under their healthcare coverage in the country, after it was sued by patients’ organisations in May.

“We hope to present the new list [of covered medicines] in autumn, as we have committed before,” a ministry spokeswoman told Manufacturing Chemist.…

THE EUROPEAN Union (EU) aviation crisis cell (EACCC) is currently coordinating the response of the European airspace network to the closure of airspace in part of eastern Ukraine on July 17, following the shooting down of Malaysian Airlines MH 17 flight from Amsterdam to Kuala Lumpur.…

WHEN American personal care product giant Johnson & Johnson opened its shared-services centre in Prague during 2006, it employed 12 people and provided only in-group procure-to-pay services. Currently this Johnson & Johnson finance centre is the largest of the five centres the company operates worldwide in terms of staff numbers as well as the scope of services it provides to internal business partners.…

THE EUROPEAN Commission has released a new European Energy Security Strategy, aimed at further reducing Europe’s reliance on energy imports, notably on politically unreliable trading partners such as Russia.

Its new policy plan was to be debated at the next European Union (EU) summit (European Council) on June 26-27, in Brussels.…