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Euro area: Domestic Demand and External Trade, the Two Engines of Growth

added: 30-03-2007

Domestic demand and external trade, the two engines of growth, have well performed in the fourth quarter, finds the Quarterly Report on the Euro Area. Overall, 2006 has been a very good vintage for the euro area, in terms of growth but also in terms of employment, with the creation of almost two million jobs.Prospects for 2007 remain favourable.

EU real agricultural income per worker up by 3.8%

added: 30-03-2007

EU27 real agricultural income per worker rose by 3.8% in 2006, after decreasing by 7.2% in 2005. This increase results from a reduction in agricultural labour input (-2.6%), and a growth in real agricultural income (+1.1%).

Portugal should be more active in tackling foreign bribery

added: 29-03-2007

Portugal should raise awareness of foreign bribery in both the public and private sector and be more proactive in detecting, investigating and prosecuting cases of bribery of foreign public officials in international business transactions, according to a report by the OECD’s Working Group on Bribery.

IT Recruitment Industry in the UK will grow

added: 29-03-2007

The IT recruitment market has experienced a rollercoaster journey in the past decade, from the peaks of demand in 1999 through the turbulence of 2000 to 2003, before rising again to recovery in 2004 and continued steady growth in 2005 and 2006.

New financial rules facilitate use of EU funds

added: 29-03-2007

Two years of intensive work finally bear fruit: the European Union has a new set of financial rules to better use EU funds in the 2007-2013 financial framework. The new rules simplify access to funding and reduce administrative procedures to a strict minimum. For the first time the names of the beneficiaries of all EU funds will be made public.

EC supports new freight transport services to fight road congestion

added: 28-03-2007

The European Commission has published the first call for proposals for the creation of new freight transport services under the second Marco Polo programme. Successful projects should fight congestion on European roads and improve the environmental performance of the freight transport system, two main objectives of the EU transport policy.

European Banks welcome Council Vote on PSD

added: 28-03-2007

Set up in 1960, the European Banking Federation is the voice of the European banking sector, with over 20 000 billion EUR assets and 2.3 million employees in 29 European countries. The FBE represents the interests of almost 5000 European banks: large and small, wholesale and retail, local and cross-border financial institutions.

Commission adopts implementing rules for European Fisheries Fund

added: 27-03-2007

The European Commission has adopted the rules on the implementation of the European Fisheries Fund (EFF). The purpose of this Commission regulation is to set out in detail how Member States should implement the EFF in line with the priorities laid down in the basic regulation adopted by Council in June 2006.

Payment Services Directive: progress made in ECOFIN Council

added: 27-03-2007

Today finance ministers in the Economic and Financial Affairs Council (ECOFIN), unanimously adopted a general approach on a compromise text for the Payment Services Directive (PSD). The aim of the PSD is to make cross-border payments within the EU – by credit card, debit card, electronic bank transfer, direct debit or any other means – as easy, cheap and secure as domestic payments within one Member State, and to provide the necessary legal foundation to make the Single Euro Payments Area (SEPA) possible.

UK: Exporting Boosts Productivity by One Third

added: 27-03-2007

Firms that begin to export boost their business productivity by up to a third in the first year. This is one of the key findings of new research published by UK Trade & Investment (UKTI), the Government's trade and investment development organisation.

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