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Tag Archives: Brussels

Ship owners claim Brussels 50% tax relief for seiners and longliners

MADRID: The Spanish Fisheries Confederation (CEPESCA) and the National Association of Freezer Tuna Vessel Owners (ANABAC) have asked the European Commission (EC) for a tax reduction for the tuna purse seine freezer and surface longline fleets fishing exclusively outside EU waters so that the Spanish fishing industry can compete with Asia. Garat, who apart from being CEPESCA secretary general is ... Read More »

Greece expects €3.27 billion revenue as reforms proposal accepted

ATHENS: The Greece government expects revenue of €3.27billion from the list of reforms, sent to the country’s creditors. The proposal is about the taxation of deposits abroad, which is expected to provide revenue of €750 million, debt arrangements and a crackdown on smuggling. Further €1.5 billion euro in revenue is expected to come from the sale of Piraeus port and ... Read More »

Hungary to modify advertising tax

BUDAPEST: Hungary is going for changing plans of its advertising tax saying the European Commission has concern about this particular legislation. Therefore to take the response of EU’s executive is important about such latest developments. János Lázár, minister at the helm of the Prime Minister’s Office, announced on Tuesday evening that the cabinet was to modify the advertising tax, replacing ... Read More »

New Zealand dollar rises against greenback

WELLINGTON: New Zealand dollar rose as lower US wages caused investors to question how quickly the Federal Reserve will hike interest rates when it starts tightening monetary policy this year. The kiwi increased to 78.54 US cents in Wellington from 78.38 cents and 78.35 cents in New York. The trade weighted index declined to 79.77 from 79.98 last week. Sam ... Read More »

US Medtronic wins EU approval for takeover of $43 billion Covidien Public

BRUSSELS: Medtronic US medical device maker gained European Union regulatory approval for its $43 billion takeover of Covidien Public after agreeing to sell its Irish rival’s drug-coated balloon catheter business. Medtronic, US authorities cleared the takeover earlier this week with the same condition. The deal will put Medtronic on about the same footing as global leader Johnson & Johnson and take it a ... Read More »

EU tightening the noose around Google

BRUSSELS: The European Union institutions are tightening the noose around Google to change the way it operates its business and apply EU rules. The European parliament approved a non-binding resolution that calls for the unbundling of search engines from other services that internet companies offer, a practice that could in theory lead to the break-up of giant internet companies like ... Read More »

New policy to appoint staff at trade missions abroad from next year: Dastgir

ISLAMABAD: New policy for the appointment of officers as commercial counsellors, commercial attachés and others at Pakistani trade missions abroad is likely to be implemented next year. “A complete new badge of officers at Pakistani Trade Missions will be sent and all the sitting officers will be called back by the Ministry of Commerce,” said Minister for Commerce Khurram Dastgir ... Read More »

Pak, EU agree to strengthen bilateral trade ties

ISLAMABAD: Pakistan and European Union agreed on a comprehensive economic partnership, with a focus on increasing the volume of bilateral trade. This understanding was reached in the fifth meeting of the EU-Pakistan Joint Commission, which was held here in Islamabad. The next meeting will be held in Brussels in 2015 with a focus to make further progress on economic partnership. ... Read More »