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Output growth gained further pace across the region in 2006 but is likely to moderate slightly in 2007, according to the World Bank’s latest EU8+2 (Includes Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, and Slovenia) Regular Economic Report. The report indicates that real GDP growth strengthened in the region, not least in Poland, Slovakia, and Romania, as dynamics improved further in the second half of the year, but the Baltic States, Slovenia, and Bulgaria also grew at an even stronger rate than the year before.
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At the start of August, the National Bank of Serbia (NBS) announced changes in its monetary policy, which include the start of inflation targeting.
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According to the latest revisions, the EU25 external current account recorded a deficit of 21.7 billion euro in the third quarter of 2006, as compared to a deficit of 17.9 bn in the third quarter of 2005 and a deficit of 18.2 bn in the second quarter of 2006.

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Revenue from online content will reach €8.3 billion by 2010 in Europe, a growth of over 400% in five years, says a new study for the European Commission. For the most advanced sectors, online content will represent a significant share of total revenue: about 20% for music and 33% for video games.
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The Conference Board announced today that the leading index for Germany declined 0.2 percent and the coincident index remained unchanged in November.

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Russia's railways are playing an active role in the development of Russia's growing exports of oil to China and are proceeding with the first stage of the project with a total capital investment of around 13 billion roubles. The project envisages an annual increase of oil exports between the two countries.
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The euro area (EA12) industrial new orders index increased by 1.4% in November 2006 compared to October 2006. The index fell by 0.5% in October and by 1.3% in September. EU25 new orders gained 1.1% in November 2006, after an increase of 0.3% in October and a fall of 1.0% in September. Excluding ships, railway and aerospace equipment4 industrial new orders rose by 0.8% in both zones in November 2006.
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At the beginning of 2006 about 219 million passenger cars were registered in the EU23+2 area. The ultimate goal for the car telematics industry is to connect all these vehicles to mobile networks.
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Expansion in the highly fragmented and overcrowded workwear market in Western Europe will depend upon a manufacturer’s ability to provide fashionable products, technical textiles and, equally importantly, establish a solid marketing strategy.
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Europeans Buy More Online
added: 22-01-2007

Europeans have long been avid online shoppers, but according to the "Mediascope Europe 2006 Study," sponsored by the European Interactive Advertising Association (EIAA) with research conducted by Synovate, now they are becoming online buyers.

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