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Regulatory and Competition Reforms Critical to Ukraine’s Future Economic Growth - OECD Report
added: 04-09-2007

Sustaining Ukraine’s strong economic growth will require firm action to cut red tape and bring down barriers to competition, says a new OECD report. It adds that opening up markets to domestic as well as foreign entrants would boost productivity growth while public administration reform and a stronger legal system are needed to improve the business climate and tackle corruption.
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Euro Area Unemployment Stable at 6.9% in July 2007
added: 31-08-2007

Euro area (EA13) seasonally-adjusted unemployment stood at 6.9% in July 2007, unchanged compared to June. It was 7.8% in July 2006. The EU27 unemployment rate was 6.8% in July 2007, compared with 6.9% in June. It was 7.9% in July 2006.

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Economic Sentiment Remains Broadly Stable in the EU and Weakens in the Euro Area in August 2007
added: 31-08-2007

In August, the Economic Sentiment Indicator (ESI) stabilised in the EU and continued to decrease in the euro area. The indicator decreased by 0.1 of a point in the EU and by 1.0 point in the euro area, to 113.2 and 110.0 respectively. However, in both areas, the indicator still stands well above its long-term average.
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Greenpeace Defends Poland Against Challenge by European Commission
added: 31-08-2007

Greenpeace made a legal submission to the European Commission arguing that Poland’s draft national legislation on the use of Genetically Modified Organisms (GMOs) is fully consistent with EU law. Greenpeace made its submission in the context of a formal European Commission notification procedure on the draft Polish law. This procedure could represent the first step of a challenge by the EU Executive of the Polish national GMO law.
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Large Water Saving Potential in Europe
added: 31-08-2007

Ahead of the Informal Environment Council in Lisbon, which will focus on water scarcity and droughts, a report published by the Commission states that water use in the European Union could be reduced by about 40%.
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Bloomberg PMI Shows Modest Growth in Eurozone Retail Sales
added: 30-08-2007

The Bloomberg Eurozone Retail Purchasing Managers' Index ("PMI(R)"), an indicator based on a mid-month survey of economic conditions in the euro area retail sector and providing data one month ahead of government issued figures, rose back above the 50.0 no-change mark in August to 51.0, indicating growth of Eurozone retail sales. Though only modest, the expansion in August was a considerable improvement on July's marked contraction (as signaled by a thirty-eight month index low of 46.2) and represented the first increase in sales in four months.
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Europeans Support Greater Cooperation with Neighbouring Countries
added: 30-08-2007

A survey conducted for the European Commission by Eurobarometer confirms that a significant majority of people in EU Member States support efforts to intensify co-operation with the countries neighbouring the Union. The overwhelming majority of those polled believe that working with neighbours on fighting organised crime and terrorism, on environment and energy, on economic development, immigration, democracy, education and training is important.
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UK Insurance Industry Market Was Worth an Estimated GBP175.32Bn in 2006
added: 30-08-2007

UK insurance market was worth an estimated £175.32bn in 2006 - a 20.5% increase on the figure for 2005.
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Euro Area Annual Inflation Down to 1.8% in July 2007
added: 29-08-2007

Euro area annual inflation was 1.8% in July 20072, down from 1.9% in June. A year earlier the rate was 2.4%. Monthly inflation was -0.2% in July 2007. EU annual inflation was 2.0% in July 2007, down from 2.1% in June. A year earlier the rate was 2.4%. Monthly inflation was -0.3% in July 2007.

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Euro area GDP up by 0.3%, EU27 up by 0.5% in the second quarter of 2007
added: 29-08-2007

GDP grew by 0.3% in the euro area (EA13) and by 0.5% in the EU27 during the second quarter of 2007, compared with the previous quarter, according to flash estimates published by Eurostat, the Statistical Office of the European Communities. In the first quarter of 2007, growth rates were +0.7% in both the euro area and the EU27.

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