Search Results for: Slovakian

The US Inflation Reduction Act (IRA) is pushing the European Union (EU) and the UK into paying more subsidies to attract battery electric vehicle (BEV) and battery production to Europe.

While the UK’s Advanced Propulsion Center (APC) forecasts 5 million more BEVs globally by 2030, requiring 3,306 gigawatt hours (GWh) in batteries, (1), the US and China may benefit more in production terms.…

A European Union (EU) new machinery regulation formally approved by the European Parliament on April 18, (2023) following an earlier agreement in principle with the EU Council of Ministers, will benefit the European textile industry, but also generate more red tape, EU experts have told WTiN.…

European Union (EU) member states are lagging in compliance with a requirement in the fifth anti-money laundering directive (5 AMLD) (1) to create public ultimate beneficial ownership (UBO) registers by January 10, 2020. A European Commission webpage (2) on 5AMLD compliance last updated June 2 (2022) shows 12 governments are facing infringement proceedings either because they have not adopted legislation writing the directive fully into national law or because they have implemented it incorrectly.…

INDEPNDENT states accused of harbouring major corruption are the responsibility of their own citizens, ideally with change imposed through the ballot box. But dependent jurisdictions with powers reserved to metropolitan (former colonial) governments have more complex political problems. Keith Nuthall reports on the latest scandal in the British Virgin Islands (BVI).…

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).…

SLOVAKIA may have been facing European Commission legal action over foot-dragging in implementing European Union EU AML/CFT legislation and has been striving to improve its AML/CFT weaknesses, but its general reputation in combating money laundering is solid. The Basel Institute of Governance AML Index 2019 ranked this central European country 109 out of 125 countries assessed, with the highest number being the top performer.…

THE EUROPEAN confectionery industry will later this year face hard evidence about the veracity of claims that certain brands sell lower quality products in eastern Europe than they do in the richer west. These claims – dismissed by many manufacturers as urban myths – are widely believed in eastern Europe, promoting the European Commission to act and set up a testing system.…

THE EUROPEAN confectionery industry will later this year face hard evidence about the veracity of claims that certain brands sell lower quality products in eastern Europe than they do in the richer west. These claims – dismissed by many manufacturers as urban myths – are widely believed in eastern Europe, promoting the European Commission to act and set up a testing system.…

Claims of massive corruption in the sun-soaked Turks & Caicos Islands (TCI) are finally being aired in court. More than six years after investigators declared endemic malfeasance had brought the UK overseas territory to the brink of bankruptcy, its flamboyant former Premier Michael Misick is on trial accused of enriching himself by USD28 million.…

THE INCOMING European Union (EU) energy and climate change Commissioner Miguel Arias Cañete and his boss, the future European Commission vice-president for the energy union Maroš Šefčovič have highlighted the need for smart grids and electricity interconnections as way to make Europe more self-reliant for energy.…