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Parliament Adopts EU Budget for 2010

added: 18-12-2009

Parliament on Thursday adopted the final EU budget for 2010, which will be €141.4 billion in commitments and €122.9 billion in payments. The main challenge for this year's budget was to find the funding for the already agreed but not yet financed economic recovery plan, which will cost the EU €2.4 billion next year.

Climate Change: EU Must Stick to Ambitious Goals

added: 18-12-2009

"The European Union must stand firm on its climate change objectives and must not lose sight its offer of a 30% reduction in EU greenhouse gas emissions by 2020", head of the EP delegation to the Copenhagen climate change summit Jo Leinen said on Wednesday, after meeting the EU's Swedish Presidency.

Foreign Citizens Made up 6% of the EU27 Population

added: 17-12-2009

On 1 January 2008, 30.8 million foreign citizens lived in the EU27 Member States, of which 11.3 million were citizens of another EU27 Member state. The remaining 19.5 million were citizens of countries outside the EU27, of which 6.0 million were citizens of other European countries, 4.7 million of Africa, 3.7 million of Asia and 3.2 million of the American continent. Foreign citizens accounted for 6.2% of the total EU27 population.

Euro Area Annual Inflation up to 0.5% in November 2009

added: 17-12-2009

Euro area annual inflation was 0.5% in November 2009, up from -0.1% in October. A year earlier the rate was 2.1%. Monthly inflation was 0.1% in November 2009.

Fitch: Negative Credit Outlook for European Construction in 2010

added: 17-12-2009

Ratings says that the 2010 credit outlook for European construction companies is negative as economic conditions remain fragile and access to finance difficult.

The Conference Board Leading Economic Index™ for France Increased 0.9 Percent in October 2009

added: 17-12-2009

The Conference Board Leading Economic Index™ (LEI) for France increased 0.9 percent and The Conference Board Coincident Economic Index™ (CEI) decreased 0.1 percent in October.

Euro Area Hourly Labour Costs Rose by 3.2% in the Third Quarter of 2009

added: 16-12-2009

Hourly labour costs in the euro area (EA16) rose by 3.2% in the year up to the third quarter of 2009, compared with 4.3% for the previous quarter. In the EU27, the annual rise was 3.1% up to the third quarter of 2009, compared with 4.2% for the previous quarter.

GDP per Inhabitant in the Member States Ranged from 41% to 276% of the EU27 Average in 2008

added: 16-12-2009

In 2008, the Gross Domestic Product (GDP) per inhabitant in Luxembourg, expressed in purchasing power standards (PPS), was more than two and a half times the EU27 average, while Ireland and the Netherlands recorded levels about one third above average. Austria, Denmark, Sweden, Finland, Germany, the United Kingdom and Belgium were between 15% and 25% above the EU27 average.

Fitch: Stable 2010 Outlook For Central European Oil and Gas, Negative for Refiners

added: 16-12-2009

Fitch Ratings says in a new report that the credit outlook for the central European (CE) oil and gas sector is stable for 2010 as most rated companies in the region should be able to maintain their credit profiles and ratings next year. However, the 2010 outlook for oil refining, which was affected globally by extremely weak market conditions in 2009, is negative as the agency does not expect any major recovery in this sub-sector in 2010.

The Conference Board Leading Economic Index™ for Spain Declined 0.1 Percent in October 2009

added: 16-12-2009

The Conference Board Leading Economic Index™ (LEI) for Spain declined 0.1 percent. The Conference Board Coincident Economic Index™ (CEI) decreased 0.3 percent in October.

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