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Fitch: Czech Banks Robust Despite Global Financial Turmoil

added: 14-08-2008

Fitch Ratings says in a special report that the Czech banking sector has proved resilient to the global market slowdown since the summer in 2007. The operating environment is, however, expected to deteriorate slightly due to slower economic growth in the Czech Republic and its major export countries.

Industrial Production Stable in Euro Area in June 2008

added: 13-08-2008

In June 2008 compared with May 2008, seasonally adjusted industrial production remained unchanged in the euro area (EA15) and grew by 0.1% in the EU27. In May production fell by 1.8% and 1.3% respectively. In June 2008 compared with June 2007, industrial production decreased by 0.5% in the euro area and by 0.3% in the EU27.

The Leading Index for Spain Declined 0.4 Percent in June 2008

added: 13-08-2008

The Conference Board announced that the leading index for Spain declined 0.4 percent and the coincident index decreased 0.1 percent in June.

Further Dip in Online Recruitment in the UK in July 2008

added: 12-08-2008

The Monster Employment Index UK decreased by three points in July to reach a level of 174, following a similar drop in June. This partly reflects a seasonal decrease in online recruitment activity during the early summer months, but also suggests loosening conditions in the jobs market.

Monster Employment Index France Reports Dip in Online Recruitment during July 2008

added: 12-08-2008

The Monster Employment Index France dropped in July by two points but remained up nine points or five percent on last year's figures. Production, manufacturing, maintenance and repair, saw the biggest drop in availability of online jobs compared to last month with a 10 percent reduction.

Monster Employment Index Europe Maintains Flat Trend in July 2008

added: 12-08-2008

The Monster Employment Index Europe held largely steady in July with a one point uptick due to strong growth in Germany offsetting broad declines elsewhere. Year-on-year growth was 19 points, or 13 percent, consistent with sustained expansion in the EU labour market but also marking the lowest growth reading since March 2007, a sign that European recruitment activity is decelerating·

Annual Analysis of the Competitive Market Situation of Windows in Germany

added: 11-08-2008

After a decade lapse, window sales are once more on the rise in Germany. After several years of recession in the construction industry, it appears as though the worst is behind us. In the past year, orders for 11.4 million German window units were placed, which accounts for an increase of 6.4% over the year before.

Opening Soon: a Digital Library for Europe

added: 11-08-2008

Europe's cultural diversity in books, music, paintings, photographs, and films open to all citizens at the click of a mouse via one portal – this dream of a European Digital Library could become reality this autumn.

The Euro Area Bank Lending Survey: July 2008

added: 11-08-2008

The results of the July 2008 bank lending survey referring to the second quarter of 2008 indicate somewhat lower net tightening of credit standards for loans to enterprises than was observed in the first quarter. The most important factor in the net tightening continued to be a deterioration in expectations about the economic outlook. The impact on banks of the cost of funds and balance sheet constraints was somewhat lower than the impact of concerns about the economic outlook.

Commission Allocates Extra 21 Million Euros of Humanitarian Aid for Horn of Africa

added: 10-08-2008

The European Commission has allocated a further €21 million in humanitarian aid for the Horn of Africa: Assistance is being provided to vulnerable populations in Somalia (€13m), Eritrea (€4m) and Ethiopia (€4m). So far in 2008, the Commission has provided nearly €120 million in humanitarian aid, including food aid, to needy people in the Horn of Africa (Eritrea, Ethiopia, Kenya, Somalia and Uganda). The funds are channelled through the Humanitarian Aid department (ECHO), under the responsibility of Commissioner Louis Michel.

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