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Euro Area and EU27 Government Deficit at 0.6% and 0.9% of GDP Respectively

added: 22-10-2008

In 2007, the government deficit of both the euro area (EA15) and the EU27 fell compared with 2006, while the government debt increased in absolute terms. In the euro area the government deficit decreased from 1.3% of GDP in 2006 to 0.6% in 2007, and in the EU27 it fell from 1.4% to 0.9%. In the euro area the government debt to GDP ratio fell from 68.5% at the end of 2006 to 66.3% at the end of 2007, and in the EU27 from 61.3% to 58.7%.

World Bank: New report urges Support for Pension Reform in Southeast Europe

added: 22-10-2008

With their ageing populations growing in size, countries in Southeast Europe must undertake strategic pension reforms to safeguard the old-age security of their retiring citizens, according to a new World Bank pensions report.

The Leading Index for Germany Declined 0.2 Percent in August 2008

added: 22-10-2008

The Conference Board announced that the leading index for Germany declined 0.2 percent and the coincident index increased 0.5 percent in August.

Euro Area Balance of Payments in July 2008

added: 22-10-2008

In July 2008 the working day and seasonally adjusted current account of the euro area recorded a deficit of EUR 1.7 billion. In the financial account, combined direct and portfolio investment showed net outflows of EUR 19 billion.

Hungary Should Boost Innovation to Drive Economic Growth, says OECD

added: 22-10-2008

Hungary should invest more in research and development (R&D) to make its economy more competitive and boost growth, according to a new OECD report.

OECD Group Demands Rapid UK Action to Enact Adequate Anti-Bribery Laws

added: 21-10-2008

The OECD's Working Group on Bribery sharply criticised the United Kingdom’s failure to bring its anti-bribery laws into line with its international obligations under the OECD Anti-Bribery Convention and urged the rapid introduction of new legislation.

EU Report: Private Pensions Have Growing Role, But Must Address Society's Needs

added: 21-10-2008

A new study released by the European Commission confirms the trend towards more private pension provision in the EU but highlights the need for inclusive coverage and adequate pension levels.

In Times of Recession, it Pays to Invest in Yourself!

added: 21-10-2008

During recent months, the major Business and Law Schools in the UK have seen an upsurge in graduates applying for relevant Masters or career conversion programmes, hedging their bets that a further two years of investment in pursuing a legal education or an MBA will enable them to ride out this economic downturn immersed in learning.

EU: Sweden, Germany and France Were The Largest Producers Of Roundwood In 2006

added: 21-10-2008

In 2005, forests and other wooded land covered 177 million hectares in the EU27, or 42% of its land area. The largest area covered with forests and other wooded land was found in Sweden (31 mn hectares or 75% of its land area), Spain (28 mn or 57%), Finland (23 mn or 77%), France (17 mn or 31%), Germany (11 mn or 32%) and Italy (11 mn or 37%). Together these six Member States accounted for more than two thirds of total forest area in the EU27.

ASEM Partners Account For A Third Of EU27 Imports And 18% Of Exports

added: 20-10-2008

Between 2000 and 2007, EU27 exports and imports of goods to the 16 Asian countries taking part in the Asia-Europe Meeting (ASEM) grew by around 60%: exports rose from 146 billion euro to 228 bn, while imports increased from 285 bn to 459 bn. The EU27 deficit in trade with the ASEM partners grew from 139 bn in 2000 to 231 bn in 2007. The ASEM partners accounted for more than a quarter of the EU27's total external trade in goods in 2007: 18% of exports and 32% of imports.

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