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Construction Output Down by 0.6% in the Euro Area in June 2008

added: 20-08-2008

In the construction sector, seasonally adjusted production decreased by 0.6% in the euro area (EA15) and by 1.5% in the EU27 in June 2008, compared with the previous month. In May, production increased by 0.1% and 0.7% respectively.

Fitch: Conflict Poses Risks to Georgian Economy

added: 20-08-2008

Fitch Ratings has said that although Georgia's economy is showing some encouraging signs of resilience, it expects the military conflict to carry significant costs for the economy and risks to the ratings remains on the downside. On 8 August, Fitch downgraded Georgia's Long-term local and foreign currency Issuer Default ratings (IDRs) to 'B+' from 'BB-' (BB minus) and assigned Negative Outlooks to the ratings.

The Leading Index for Germany Declined 1.1 Percent in June 2008

added: 20-08-2008

The Conference Board announced that the leading index for Germany declined 1.1 percent and the coincident index increased 0.1 percent in June.

The Leading Index for France Declined 0.2 Percent in June 2008

added: 19-08-2008

The Conference Board reports that the leading index for France declined 0.2 percent and the coincident index remained unchanged in June.

Ukrainian Banking Market for 2008 - 2010

added: 19-08-2008

The latest development of banking sector reflects current condition of Ukraine’s economy. Banking assets more than doubled (in EUR terms) during last two years. Retail banking business expanded particularly fast, especially driven by mortgage and consumer lending.

Euro Area External Trade Deficit 0.1 Bn Euro in June 2008

added: 18-08-2008

The first estimate for the euro area (EA15) trade balance with the rest of the world in June 2008 gave a 0.1 bn euro deficit, compared with +7.5 bn in June 2007. The May 2008 balance was -3.9 bn, compared with +1.2 bn in May 2007. In June 2008 compared with May 2008, seasonally adjusted exports rose by 1.4% and imports by 2.9%.

Euro Area Securities Issues Statistics: June 2008

added: 18-08-2008

The annual growth rate of the outstanding amount of debt securities issued by euro area residents was 6.6% in June 2008, compared with 6.7% in May. For the outstanding amount of quoted shares issued by euro area residents, the annual growth rate decreased from 1.0% in May 2008 to 0.7% in June.

EC Approves Joint Venture Related to Allocation of Power Transmission Capacities on Borders Between Belgium, France, Germany, Luxembourg and the Netherlands

added: 18-08-2008

The European Commission has approved under the EU Merger Regulation the creation of a joint venture, to be named Capacity Allocation Service Company for Central Western Europe (“CASC”) by CEGEDEL Net S.A. of Luxemburg, ELIA System Operator SA/NV of Belgium, EnBW Transportnetze AG of Germany, E.ON Netz GmbH of Germany, RTE EDF Transport SA of France, RWE Transportnetz Strom GmbH of Germany and TenneT TSO BV of Netherlands.

Euro Area Annual Inflation Stable at 4.0% EU up to 4.4% in July 2008

added: 14-08-2008

Euro area annual inflation was 4.0% in July 2008, unchanged compared with June. A year earlier the rate was 1.8%. Monthly inflation was -0.2% in July 2008. EU annual inflation was 4.4% in July 2008, up from 4.3% in June. A year earlier the rate was 2.0%. Monthly inflation was -0.1% in July 2008.

Euro Area GDP Down By 0.2% And EU27 Down By 0.1%: Second Quarter of 2008

added: 14-08-2008

GDP declined by 0.2% in the euro area (EA15) and by 0.1% in the EU27 during the second quarter of 2008, compared with the previous quarter, according to flash estimates published by Eurostat, the Statistical Office of the European Communities. In the first quarter of 2008, growth rates were +0.7% in both the euro area and the EU27.

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