Taxes on used cars outlined in the Fiscal Code could violate the EU Treaty and could lead to “extremely harsh” financial penalties, according to Leonard Orban, state secretary in the Ministry of European Integration. “It is very important that, at the time of accession, Romania fulfills all the pledges assumed in the Accession Treaty and avoids under any circumstances violating the EU Treaty stipulations,” said Orban. (more…)
Millions of pounds in aid from Brussels is going begging because British technology firms are simply not aware that it is available. The EC Framework programme is aimed at encouraging small firms to collaborate with larger businesses and academics in order to share ideas for research and development projects.
The scheme pairs the resources and financial strength of large corporations with the agility and flexibility of small firms, and adds the cutting-edge research skills of academia to develop products and ideas. (more…)
Thai chicken farmers and producers from more than 10 export groups gathered at the office of the European Commission in Bangkok yesterday to protest against the bloc’s new programme limiting chicken imports.
Under the EU’s new quota system, a 53 percent tax will be slapped on processed chicken beyond the allowed quota of each country while the duty for products within the quotas remains unchanged. (more…)
George Soros, the Hungarian-American financier who has invested his billions in encouraging democracy in eastern block countries is turning his attention to western Europe because he believes the European Union (EU) is failing.
The Business can reveal he is to invest hundreds of millions of dollars in foundations, the first of which will be in London or Paris.
Their mission will be to encourage Europe to stand up to America and to promote a more focused democratic power. (more…)
The country’s EU funds absorption capacity does not depend that much on the government, but on the potential beneficiaries of the funds, according to the head of the European Commission Delegation in Romania, Jonathan Scheele.
He pointed out that a good absorption rate depends on how the projects proposed for subsidies are managed and implemented. (more…)