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Commission proposes that Cyprus Adopts the euro in 2008
added: 17-05-2007

The European Commission concluded that Cyprus has achieved a high degree of sustainable economic convergence with the euro area Member States and that it fulfils the necessary conditions to adopt the euro. On the basis of this positive Convergence Report, the Commission proposes to the Council that Cyprus adopts the euro on the 1st of January 2008.
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The Leading Index for France Increased 0.4 Percent in March
added: 17-05-2007

The Conference Board reports that the leading index for France increased 0.4 percent and the coincident index increased 0.1 percent in March.

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Commission Proposes that Malta Adopts the euro in 2008
added: 17-05-2007

The European Commission concluded that Malta has achieved a high degree of sustainable economic convergence with the euro area Member States and that it fulfils the necessary conditions to adopt the euro. On the basis of this positive Convergence Report, the Commission proposes to the Council that Malta adopts the euro on the 1st of January 2008.
wiêcej

Euro area annual inflation stable at 1.9% in April
added: 17-05-2007

Euro area annual inflation was 1.9% in April 2007, unchanged compared with March. A year earlier the rate was 2.5%. Monthly inflation was 0.6% in April 2007. EU annual inflation was 2.2% in April 2007, down from 2.3% in March. A year earlier the rate was 2.3%. Monthly inflation was 0.6% in April 2007.



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PayPal Expands European Growth With Bank Charter and New European Headquarters
added: 16-05-2007

PayPal announced it has been granted a banking license for the European Union by the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, effective July 2, 2007. Under this new charter, PayPal will be able to continue its European expansion by offering its services to more online merchants across Europe. In addition, PayPal will be moving its European headquarters to Luxembourg.
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The Leading Index for the U.K Increased 0.6 Percent in March
added: 16-05-2007

The Conference Board announced that the leading index for the U.K increased 0.6 percent, and the coincident index increased 0.1 percent in March
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Russia Third Largest Trading Partner of EU27
added: 15-05-2007

Between 2000 and 2006, EU27 exports of goods to Russia more than tripled in value, from 22.7 billion euro to 72.4 bn, while EU27 imports from Russia more than doubled, from 63.8 bn to 140.6 bn. As a result the EU27 deficit in trade with Russia increased from 41.0 bn in 2000 to 68.2 bn in 2006. This increased deficit was primarily due to an increase in the deficit for energy, only partially offset by an increase in the surplus for machinery and vehicles.

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Industrial production up by 0.4% in euro area
added: 14-05-2007

Seasonally adjusted industrial production increased by 0.4% in the euro area (EA13) in March 2007 compared with February 2007. Production rose by 0.5% in February and fell by 0.6% in January. In the EU27 output gained 0.5% in March, after an increase of 0.4% in February and a decrease of 0.5% in January. In March 2007 compared with March 2006, industrial production rose by 3.7% in the euro area and by 3.9% in the EU27.

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The Euro Area Bank Lending in April
added: 14-05-2007

In line with the six previous quarters, in the first quarter of 2007, net demand for loans by enterprises was significantly positive, although at a somewhat lower level than in the previous survey round (16% in April 2007 compared with 23% in the previous round). Banks reported a slight net easing of credit standards for loans to households for house purchase, broadly at the same level as in the previous quarter (-5% in April 2007, from -6% in the previous survey round).
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Financing And Financial Investment In The Euro Area in Fourth Quarter 2006
added: 11-05-2007

In the fourth quarter of 2006, the annual growth rate of financing of the non-financial sectors in the euro area decreased to 5.5% from 5.8% in the third quarter of 2006. The annual growth rate of debt financing of the non-financial sectors decreased to 6.6% from 6.9% in the third quarter. The annual growth rate of financial investment of the non-financial sectors decreased to 4.7% in the fourth quarter from 5.0% in the previous quarter. The annual growth rate of financial investment of insurance corporations and pension funds decreased to 6.2% from 6.8%.
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