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Euro area Balance of Payments and International Investment Position at the End of the Third Quarter of 2008

added: 20-01-2009

The current account of the euro area balance of payments recorded a deficit of EUR 12.7 billion in the third quarter of 2008 (non-seasonally adjusted data). The largest bilateral current account deficits were observed with the group of "other countries" (i.e. non-G10 countries outside the European Union), the EU institutions and Japan. The largest surpluses were recorded with the United Kingdom and with the countries that joined the EU in 2004 and 2007.

Arab World Can Play Bigger Role in World Economy, Zoellick says

added: 20-01-2009

The Arab world can play a bigger role in the response to the global economic crisis and offer greater opportunities for its people, said World Bank Group President Robert B. Zoellick.

Fitch: Negative Credit Outlook for Western European Construction & Homebuilding in 2009

added: 20-01-2009

Fitch Ratings says that the 2009 credit outlook for western European (WE) construction and homebuilding companies appears increasingly negative as economic conditions worsen and access to finance remains difficult.

Shoppers Are Defying the Financial Crisis and Buying Green Products

added: 20-01-2009

Consumers are becoming more green-conscious as the global economic crisis worsens, according to a report published by The Boston Consulting Group (BCG).

Gas Coordination Group: Solidarity Works and the EU's Gas Market Adapts to Challenges of Gas Crisis

added: 20-01-2009

The mitigation measures undertaken by EU companies and Member States have allowed most countries to successfully manage the situation in a way which is the least disruptive for their consumers. Bulgaria remains the worst affected country but some measures have been proposed to bring gas from Greece to Bulgaria.

Managing Employees at Distant Sites is Becoming a Reality of Doing Business

added: 20-01-2009

As signs of an economic turnaround remain elusive, business leaders are becoming more focused on increasing employee productivity.

European Financial Integration Report 2008

added: 20-01-2009

The European Commission has released its European Financial Integration Report (EFIR) - an annual analysis of the integration in the EU financial sector and its effects on competition, efficiency, financial stability and competitiveness. EFIR also includes a progress report on EU financial services policy achievements in 2008.

Despite Economic Recession - Russian Automobile Market Expected to Be Third Largest Globally by 2012

added: 20-01-2009

Despite the global concerns about the impact of the economic recession, Frost & Sullivan predicts that by the end of 2009 the Russian automobile industry will be stable and lucrative once again. By 2012 Russia's car market is even expected to be the third largest in the world, behind the US and China.

European Financial Market: Interim Forecasts for 2009-2010

added: 19-01-2009

GDP growth in the European Union is expected to fall by 1.8 % in 2009 before recovering moderately to 0.5% in 2010. This is the result of the impact on the real economy of the intensified financial crisis, the ensuing global downturn manifested in the severe contraction of world trade and manufacturing output and, in some countries, housing-market corrections.

Construction Output Down by 1.1% in the Euro Area in November 2008

added: 19-01-2009

In the construction sector, seasonally adjusted production decreased by 1.1% in the euro area (EA15) and by 1.6% in the EU27 in November 2008, compared with the previous month. In October, production fell by 0.1% in the euro area, but increased by 0.5% in the EU27.

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