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Productivity Surge Boosts Growth and Living Standards in Eastern Europe and the former Soviet Union

added: 20-05-2008

Big gains in the productivity of workers in Eastern Europe and the former Soviet Union during the past decade have helped boost growth and living standards, but more must be done to eliminate red tape and barriers to enable firms to become more productive in a rapidly globalizing world, says a new World Bank report.

European Banks Financing Damaging Agrofuels In Latin America

added: 20-05-2008

Agrofuels have been blamed as a major factor driving up food prices. According to the UN and the World Bank, 100 million more people are currently facing severe hunger due to higher prices for basic foods.

European Workers Report Increasing Work Intensification

added: 19-05-2008

Four out of five workers in the Czech Republic report overall satisfaction with their working conditions, the fourth European Working Conditions Survey reveals. However, only one in four Czech workers thinks they have good career prospects and only one in three workers consider themselves well paid for the work they do, which are levels well below the EU averages.

Commission Publishes 2007 Customs Seizures of Counterfeit Goods at the EU's External Border

added: 19-05-2008

Statistics just published by the European Commission relating to counterfeit and piracy show a significant increase in customs activity last year. In 2007, customs registered over 43,000 cases of fake goods seized at the EU's external border, compared to 37,000 in 2006.

EU27 Investment In The Rest Of The World Up By 50% In 2007

added: 19-05-2008

In 2007, EU27 FDI (foreign direct investment) in extra-EU27 countries (outflows) rose by 53%, from 275 billion euro in 2006 to 420 bn in 2007, while FDI into the EU27 from the rest of the world (inflows) increased by 89%, from 169 bn to 319 bn. In 2007, intra-EU27 FDI flows rose by 13% compared with 2006.

Solid Employment Growth for The Second Year, But Early Signs Of A Cooling Off In Labour Markets

added: 19-05-2008

An analysis of recent data released by the European Commission shows a still solid overall performance in the EU labour market, although the pace of improvement appears to be slowing. By the fourth quarter of 2007, total employment had increased by 3.3 million from a year earlier to reach 224.5 million, while unemployment had dropped to 16.1 million by the first quarter of 2008.

Construction Output Down 2.2% In The Euro Area in March 2008

added: 19-05-2008

In the construction sector, seasonally adjusted production fell by 2.2% in the euro area (EA15) and by 2.5% in the EU27 in March 2008, compared with the previous month. In February, production increased by 1.6% in the euro area and by 2.5% in the EU27. Compared with March 2007, output in March 2008 decreased by 1.4% in the euro area and by 0.1% in the EU27.

European Green Investment Market Set to Exceed 500 Billion Euro

added: 19-05-2008

The European green investment market is on an upswing, thanks largely to increasing awareness and support for the environment, availability of green funds and favourable regulations. Huge investments are being made in green product and technology development in areas of alternate energy systems, environmental building technologies and so on. This has led to financial engineering in this space and the advent of green financial products such as carbon credits, green/sustainable mortgage-backed securities, green hedge funds and social responsibility investment funds.

Strauss-Kahn tells MEPs Impact of Financial Market Crisis Will Be Protracted

added: 16-05-2008

IMF Managing Director Dominique Strauss-Kahn told MEPs that while the worst of the financial market crisis itself was probably over, the impact on the real economy would continue at least for the rest of the year. He also spoke about the food price crisis and reform of financial market supervision.

Euro Area External Trade Deficit 2.3 bn Euro in March 2008

added: 16-05-2008

The first estimate for the euro area (EA15) trade balance with the rest of the world in March 2008 gave a 2.3 bn euro deficit, compared with +7.5 bn in March 2007. The February 2008 balance was +0.8 bn, compared with -1.6 bn in February 2007. In March 2008 compared with February 2008, seasonally adjusted exports fell by 2.9% while imports remained stable.

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