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Fitch: Italian Utilities Q109 Results Reflect Deepening Recession

added: 24-05-2009

Fitch Ratings says that a larger-than-expected weakening of electricity and gas demand and a higher tax burden negatively impacted Italian utilities' cash flows and profitability margins in Q109.

European Governments Can Provide EUR 65bn Stimulus to Economies

added: 22-05-2009

Research released in Brussels by leading credit management services company Intrum Justitia shows that European governments could provide a EUR 65bn stimulus to their home economies by simply paying invoices owed to suppliers in full and on time.

France Should Prioritise the Employment of Disadvantaged Young People

added: 21-05-2009

France should do more to ease the transition of unskilled young people into employment. The government should give priority to helping young people the furthest removed from the job market and to strengthening the social protection of the most disadvantaged, according to a new report by the OECD.

EU27 Deficit in Trade in Goods with South Korea of 14 bn euro in 2008

added: 20-05-2009

Between 2000 and 2008 EU27 trade in goods with South Korea grew by around 50%, with EU27 exports to South Korea rising to 26 billion euro in 2008 compared with 17 bn in 2000, and imports rising to 39 bn from 27 bn. As a result, the EU27 trade deficit with South Korea increased from 10 bn in 2000 to 14 bn in 2008.

The Conference Board Leading Economic Index™ for France Declined 0.5 Percent in March 2009

added: 20-05-2009

The Conference Board Leading Economic Index™ (LEI) for France declined 0.5 percent and The Conference Board Coincident Economic Index™ (CEI) decreased 0.2 percent in March.

EU27 Deficit in Trade in Goods with Russia of 70 bn Euro in 2008

added: 19-05-2009

Between 2000 and 2008, EU27 trade in goods with Russia more than tripled in value, with EU27 exports to Russia rising to 105 bn euro in 2008 from 23 bn in 2000, and imports rising to 173 bn from 64 bn. As a result, the EU27 trade deficit with Russia increased significantly, reaching 68 bn in 2008, compared with 41 bn in 2000.

Construction Output Down by 1.0% in the Euro Area in March 2009

added: 19-05-2009

In the construction sector, seasonally adjusted production decreased by 1.0% in the euro area (EA16) and by 2.1% in the EU27 in March 2009, compared with the previous month. In February, production declined by 0.6% and 0.2% respectively.

The Conference Board Leading Economic Index™ for Germany Declined 1.1 Percent in March 2009

added: 19-05-2009

The Conference Board Leading Economic Index™ (LEI) for Germany declined 1.1 percent and The Conference Board Coincident Economic Index™ (CEI) decreased 0.4 percent in March.

Fitch: Economic Slowdown Has Little Impact on German Utilities

added: 19-05-2009

Fitch Ratings says that the German energy utility sector remains relatively well protected against the country's current recessionary environment. However, the impact of the downturn on earnings and cash flows varies across companies depending on factors such as the effectiveness of hedging strategies and trading activities, the degree of customer and geographical diversification, the composition of the generation mix, and the contribution of stable regulated activities to consolidated earnings.

Emissions Trading: EU ETS Emissions Fall 3 % in 2008

added: 19-05-2009

Emissions of greenhouse gases from EU businesses participating in the EU Emissions Trading System (EU ETS) fell 3,06 % in 2008 compared with a year earlier, according to the information provided by Member State registries. With the 6.5% reduction in emission allowances that the Commission has secured for the second trading period, the EU ETS really started to make a difference to emissions in 2008. Last year marked the beginning of the second trading period of the EU ETS, which runs from 2008 to 2012.

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