Illicit financial flows are allowing wealthy countries to profit from Africa’s wealth to the tune of tens of billions of dollars, according to a joint report by several campaign groups released Wednesday.
The Romanian branch of hypermarket chain Hornbach has announced it is severing its relationship with Austrian timber giant Holzindustrie Schweighofer, following an OCCRP investigation implicating the company in illegal logging.
The once-lush woods have been turned into a graveyard of stumps. Once extending from northern Romania to western Ukraine, the last virgin forests in Europe were mercilessly cut down.
Romanian President Klaus Iohannis signed a law on Monday defining illegal logging and any action “which endangers the country’s water, forests and lands” as a national security threat, reported Balkan Insight.
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