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EU is planning next budget…

Cyprus Presidency concluded consultations with EU countries on the 2014-20 budget. Differences of opinion between countries are bigger than previously thought. In November it will be necessary organize...

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Index PMI in July..

The July PMI in the Euro zone in the manufacturing fell to 44.1 points. Analysts estimated that the index would be 45.2 points PMI index, specifying the economic situation in the euro area services...

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Troika in Athens…

On Tuesday began a mission in Athens known as Troika, the experts of the International Monetary Fund (IMF), European Central Bank (ECB) and European Commission. Their assessment of the implementation...

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Unemployment rate in Spain…

According to National Statistics Institute unemployment rate in Spain increased in the second quarter of 2012. Index increased to 24.6% in the last three months, which is less than 24.7% forecasted....

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New savings program for Greece…

Representatives of the “troika” and the Greek authorities managed to achieve progress in negotiations – said on Sunday in Athens, expert of the International Monetary Fund, Poul Thomsen. The new...

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European economies quarterly growth…

German Gross Domestic Product grew in the second quarter of this year by 0.5% on the annual basis, without regard to seasonal factors, the increase during the first quarter reacged 1.7% – Federal...

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ZEW economic sentiment in Germany weakens

The ZEW Centre for Economic Research informed today that German economic sentiment fell again in August. Index reached negative reading of 25.5 points, down from minus 19.6 in July. Economists explain...

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Greece: Government can’t reach agreement on a savings budget…

Greek coalition government has failed so far to reach agreement on a package of budget savings for the years 2013-14 – said on Wednesday after talks held on the subject Fotis Kuwelis. Foreign lenders...

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Unemployment rate in Europe

The unemployment rate in the euro area in July, after adjustment for seasonal factors reached 11.3% – informed Eurostat, the statistical office of the European Union. Analysts had expected the...

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EU: Flash CPI estimate

The European statistics office-Eurostat released today its report about inflation level. The flash estimate of CPI in August says about 2.6%. The reading comes higher than analysts’ expectations for...

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