World News

Industry news and insights from Europe and around the World

UK News

Latest news and developments in the United Kingdom

Products

Keep up-to-date with the latest new products and technology

Features

General articles, applications and industry analysis

Fridge deal named in EU funding scams

OLAF-reportEUROPE: Funding for a refrigeration plant in Bulgaria was amongst nearly €900m of EU money alleged to have been “inappropriately spent” last year.

A report by OLAF, the European Anti-Fraud Office, alleges that €888.1m of the EU’s total spending of €141.28bn, was inappropriately spent in 2015. This was less than last year’s €901m but more than double that of 2013.

Amongst the cases highlighted concerned the modernisation of a Bulgarian fruit and vegetables refrigeration plant, which had received €1.3m from the European Agricultural Fund for Rural Development.

The companies and individuals involved have not been named but criminal proceedings are said to be in course in Italy and Bulgaria.

Working on a tip-off from the Directorate-General for Agriculture and Rural Development of the European Commission, OLAF obtained documents from the Bulgarian Paying Agency which pointed to the fraudulent inflation of prices and misappropriation of EU funds.

Subsequent investigations are said to have confirmed the allegations and lead to the finding that the entire project was ineligible for EU funding.

The Bulgarian beneficiary plant was owned by an Italian company, managed by an Italian citizen. The same Italian citizen was also the beneficial owner and manager of the company which won the procurement procedure for the machinery. OLAF claims the winning tenderer was in fact a shell company which simply sold on finished equipment, thus acting as a mere intermediary. The manipulated procurement procedure resulted in a supply to the beneficiary at a substantially inflated price.

Latest News

23rd February 2024

Hoshizaki acquires 25% stake in Fogel

PANAMA: Japanese refrigeration equipment manufacturer Hoshizaki has acquired a 25% stake in Fogel Company Inc, a manufacturer of commercial refrigeration equipment based in Republic of Panama, for US$28m.
22nd February 2024

Large capacity ULT chiller using neon refrigerant

SOUTH KOREA: Researchers claim to have developed a large capacity ultra-low temperature industrial chiller which, in tests, has achieved a 10kW cooling performance at -100℃.
21st February 2024

CCF publishes election manifesto

UK: In a new manifesto ahead of this year’s general election, the Cold Chain Federation (CCF) is calling for future government’s to take action to recognise the industry’s crucial contributions.
21st February 2024

Sanhua extends expansion valve applications

SPAIN: Sanhua’s SEC HD electric expansion valve controller is now compatible for a variety of applications with 29 commonly used refrigerants, including CO2, hydrocarbons and HFCs. 
20th February 2024

F-gas regulation published in Official Journal

EUROPE: The new F-gas regulation has now been published in the EU’s Official Journal, making it legally binding and entering into force in 20 days.
20th February 2024

Carrier Germany increases heat pump training

GERMANY: Carrier Germany is offering new hydraulics training courses  at its training centre on the IKKE campus in Duisburg to support the growing demand for heat pump expertise.