Article | May 22, 2012 - 1:24pm
Russia’s LUKoil, which is the third private oil company by proven hydrocarbon reserves in the world, intends to further expand its presence at the Caspian region.
Russia’s LUKoil, which is the third private oil company by proven hydrocarbon reserves in the world, intends to further expand its presence at the Caspian region. LUKoil President Vagit Alekperov and Kazakhstan's national company KazMunayGas CEO Lyazzat Kiinov signed a Memorandum of Understanding which sets the basis for co-operation of Russian companies in studying of geological-geophysical data of free unlicensed onshore and offshore sites in Kazakhstan.
Article | May 22, 2012 - 3:09pm
European stock markets today, Tuesday 22 May, opened in the green and remained there until well into the afternoon.
European stock markets today, Tuesday 22 May, opened in the green and remained there until well into the afternoon.
Article | May 22, 2012 - 12:15pm
"Fiscal consolidation and structural measures must proceed hand in hand, to make the (fiscal) adjustment process as growth-friendly as possible. Finding a careful balance between spending cuts and revenue increases is critically important. The reform agenda (in the Eurozone) must also be specifically targeted at supporting employment, reducing inequalities and protecting the weakest segments of the population”.
Article | May 21, 2012 - 2:17pm
'Your first EURES job' is the new project launched by the European Commission to help young people find a job in another EU country.
It's expected that, in its initial phase, the program will improve cross-border mobility for 5,000 people. At this moment, more than 5.5 million young Europeans are looking for a job.
It will also serve as a testing ground for transforming EURES - the network of Member States' employment services – towards a pan-European employment service.
Article | May 21, 2012 - 11:51am
In an unexpected way, the issue of a bank run in the Eurozone was raised in the G8 summit at the weekend, with remarks ranging from scaremongering to 'advices', about how the new European Stability Mechanism (ESM) should act as lender of last resort for Eurozone's banks.
In an unexpected way, the issue of a bank run in the Eurozone was raised in the G8 summit at the weekend, with remarks ranging from scaremongering to 'advices', about how the new European Stability Mechanism (ESM) should act as lender of last resort for Eurozone's banks.
Article | May 21, 2012 - 1:02pm
Last week was one of the most exciting weeks for Facebook and its CEO Mark Zuckerberg. After the debut on Wall Street on Friday 18 May, the social networking bought Karma on Saturday 19, the same day that the co-founder got married.
Article | May 21, 2012 - 7:52pm
The interim President of the Party of European Socialists (PES), Sergey Stanishev, will continue to lead the Bulgarian Socialist Party (BSP) after being re-elected as chairman for the third time gaining over 77% of the votes.
The interim President of the Party of European Socialists (PES), Sergey Stanishev, will continue to lead the Bulgarian Socialist Party (BSP) after being re-elected as chairman for the third time gaining over 77% of the votes. His main opponent for the leadership post of the Bulgarian Left was former President Georgi Parvanov who, subsequently, withdrew his candidature.
Article | May 21, 2012 - 4:58pm
While many things contribute to putting us in a bad mood, there are steps you can take to eliminate some common causes.
The below list are a few things that could affect your mood in a negative way:
Food intolerance
Food intolerances are responsible for a wide range of physical conditions including nausea and abdominal pain, but they can also affect your mood, causing irritability, mood swings, lack of focus, aggression, nervousness or hyperactivity.
Article | May 20, 2012 - 9:03pm
Kazakhstan’s President Nursultan Nazarbayev and his Belarusian counterpart Alexander Lukashenko have agreed to jointly battle efforts to use human rights issues for exerting political pressure, the Belarusian president's press office said.
Kazakhstan’s President Nursultan Nazarbayev and his Belarusian counterpart Alexander Lukashenko have agreed to jointly battle efforts to use human rights issues for exerting political pressure, the Belarusian president's press office said.
"The parties shall provide mutual assistance on international platforms on the human rights issue, jointly counter attempts to use the issue of human rights as a mechanism of political pressure," the Belarusian and Kazakh presidents said in a statement.
Article | May 20, 2012 - 9:07pm
The health of the former Ukrainian opposition leader Yulia Tymoshenko continues to be extremely difficult, the leader of the opposition faction ByuT (Bloc of Yulia Tymoshenko) Andriy Kozhemyakin, told Ukraine’s Parliament on 17 May.
The health of the former Ukrainian opposition leader Yulia Tymoshenko continues to be extremely difficult, the leader of the opposition faction ByuT (Bloc of Yulia Tymoshenko) Andriy Kozhemyakin, told Ukraine’s Parliament on 17 May. The deputies of the Ukrainian opposition deliberately decided to leave the meeting hall of the parliament on 17 May in protest against the bullying of Tymoshenko.
Article | May 20, 2012 - 9:44pm
The Danish government aims to boost export to emerging economies by 50% within the next five years. The priority is China market which represents a huge domestic market and the strong presence of Danish companies and manufacturers, Scand Asia reported.
The Danish government aims to boost export to emerging economies by 50% within the next five years. The priority is China market which represents a huge domestic market and the strong presence of Danish companies and manufacturers, Scand Asia reported.
The export strategy came as the economies of Brazil, Russia, India and China (BRIC) are expected to outpace the G7 rich country group by as early as 2025.
Article | May 20, 2012 - 9:44pm
The Danish government aims to boost export to emerging economies by 50% within the next five years. The priority is China market which represents a huge domestic market and the strong presence of Danish companies and manufacturers, Scand Asia reported.
The Danish government aims to boost export to emerging economies by 50% within the next five years. The priority is China market which represents a huge domestic market and the strong presence of Danish companies and manufacturers, Scand Asia reported.
The export strategy came as the economies of Brazil, Russia, India and China (BRIC) are expected to outpace the G7 rich country group by as early as 2025.
Blog entry | May 20, 2012 - 10:29pm
Fortunately Greece is the only Eurozone member that faces existential problems to stay or leave the euro area. Ireland and Portugal got last week the seal of 'good direction' by both the Ecofin and the Eurogroup. The two are meeting the programme targets to cut down deficits.
Fortunately Greece is the only Eurozone member that faces existential problems to stay or leave the euro area. Ireland and Portugal got last week the seal of 'good direction' by both the Ecofin and the Eurogroup. The two are meeting the programme targets to cut down deficits. As for Madrid, the Rajoy government got the approval of Brussels for its bank recapitalisation plan. Last but not least Holland even without a government manage to put together a parliamentary agreement to cut down fiscal deficits. But lets take one thing at a time.
Article | May 20, 2012 - 9:25pm
An increasing number of Norwegian employers will only hire non-smokers. The Minister of Health, Anne Grete Strom-Erichsen supports their decision, Norway Post reported.
An increasing number of Norwegian employers will only hire non-smokers. The Minister of Health, Anne Grete Strom-Erichsen supports their decision, Norway Post reported. Several recent job ads have made it clear that they are only looking for non-smoking applicants.
A job posting from Oslo University Hospital asked that "applicants will not smoke during work hours," and Xstrata Nikkel, a mining company, stated that applicants "must be non-smokers."
Article | May 20, 2012 - 8:48pm
The total amount of Georgia’s 2012 budget is 5.1bn lari. The Ministry of Health, Labour and Social Affairs will receive 35% of it, Ministry of Regional Development and Infrastructure gets 19% while the Defence and Interior Ministries receive 13 and 11%, Civil Georgia reported.
The total amount of Georgia’s 2012 budget is 5.1bn lari. The Ministry of Health, Labour and Social Affairs will receive 35% of it, Ministry of Regional Development and Infrastructure gets 19% while the Defence and Interior Ministries receive 13 and 11%, Civil Georgia reported.
The government presented a revised budget in parliament which envisages a rise in the expenses by 139.6m lari.
Blog entry | May 20, 2012 - 10:26pm
Last week, on Europe Day, when the eurocrats and the hangers on mark the glory of our eternal, precious union, Herman Van Rompuy announced that the financial crisis was essentially over and everyone would be back in growth by the end of the year.
I said at the time that history has not been kind to European leaders who say ‘it’ll all be over by Christmas’. It only took a few days for history to slap the Council President in the face, although there is no sign that reality has in any way impacted on our Chief Monk.
Article | May 20, 2012 - 9:51pm
Thomas Cook’s warning that it is in danger of collapse if shareholders fail to back two planned disposals wiped 10% from its share price, Breaking News reported.
Thomas Cook’s warning that it is in danger of collapse if shareholders fail to back two planned disposals wiped 10% from its share price, Breaking News reported.
Its warning came as one analyst said the recent poor performance of its shares, which have slumped 90% over the past 18 months, showed the City believes there is a one in three chance of it failing.
Blog entry | May 20, 2012 - 10:32pm
Even from a business point of view, the spectacle of the newly appointed French President François Hollande running to Berlin, practically minutes after his official inauguration, was by itself a strong message; France is not to question the German prerogative in the European Union and of course in the Eurozone.
Article | May 18, 2012 - 11:36am
The European Commission is growing alarmed over a growing number of verbal assaults on their staff. New Europe warned that this was going to happen over six months ago, when we wrote:
Article | May 18, 2012 - 3:25pm
Wolfgang Schäuble the German minister of finance said today that the main reason for Eurozone's growing problems of confidence is the mounting uncertainties over Greece.
Article | May 18, 2012 - 11:04am
Today, 18 May, Facebook will appear for first time on the value's board in Wall Street and will be one of the most lucrative initial public offerings (IPOs) in history.
The social network raised $16 billion on Thursday, in an IPO that valued Facebook at $104 billion on 15 May. Also on Thursday, the company announced that it will start with a price of $38 per share and it will sell 421 million of them.
Article | May 18, 2012 - 2:29pm
Russia's Supreme Court has dismissed an appeal of the former owner of the “Yukos” Mikhail Khodorkovsky and his business partner Platon Lebedev.
Article | May 17, 2012 - 7:46pm
Japanese government announced on May 17 that country's gross domestic product (GDP) increased at an annualised 4.1% rate in the first quarter of 2012.
The figures showed 1.0 percent quarter on quarter growth in January-March gross domestic product, while consumer spending, which accounts for about 60 percent of the nation's GDP, increased by 1.1 percent in three months.
Article | May 17, 2012 - 9:06am
The Ecofin council of the European Union, comprising the 27 ministers of finance have approved a huge package of new rules regulating the business environment in which operate 8,300 banks.
The Ecofin council of the European Union, comprising the 27 ministers of finance have approved a huge package of new rules regulating the business environment in which operate 8,300 banks.
Article | May 17, 2012 - 3:48pm
There are converging estimates that a potential Greece's exit from the Eurozone may cost up to one trillion. A large part of it will be born by this country itself. It will income losses over a number of years, due to an unprecedented recession and uncontrollable inflation.
There are converging estimates that a potential Greece's exit from the Eurozone may cost up to one trillion. A large part of it will be born by this country itself. It will income losses over a number of years, due to an unprecedented recession and uncontrollable inflation. The largest part of it however will be born by the other weak Eurozone countries. There will be also huge losses for central countries like France, Germany and Holland due to the exposure of their lenders to the Greek banking system.
