Article | May 22, 2012 - 3:21pm
The Bulgarian President, Rosen Plevneliev, stated at the NATO summit in Chicago that the country will participate in financing the Afghan security forces with $500 000 per year after 2014.
The Bulgarian President, Rosen Plevneliev, stated at the NATO summit in Chicago that the country will participate in financing the Afghan security forces with $500 000 per year after 2014.
Article | May 22, 2012 - 11:53am
As European leaders prepare for Wednesday's summit, expected to focus on growth, Olga Golichenko, advocacy officer at the International HIV/AIDS Alliance which is part of the Action for Global Health network, says that "An EU FTT which fails to fund global priorities, such as global health needs, would be unacceptable."
Article | May 21, 2012 - 3:18pm
According to the statistical office of the European Union (Eurostat), the average top personal income tax rate and the corporate tax rate in the EU27 has increased in 2012.
Article | May 21, 2012 - 8:06pm
On 21 May, Russian President Vladimir Putin named a new Cabinet, keeping several key ministers, including finance, foreign and defence, at their posts, but also replacing the most unpopular ones.
On 21 May, Russian President Vladimir Putin named a new Cabinet, keeping several key ministers, including finance, foreign and defence, at their posts, but also replacing the most unpopular ones.
Article | May 21, 2012 - 10:47am
The Hungarian Parliament approved the cabinet's proposal to introduce a tax on telephone services, which will be at HUF 2 per minute to be levied on outgoing telephone calls and messages. The tax will be capped at HUF 700 (€2,4) per month for individuals while companies will pay a maximum of HUF 2,500 (€8,6) per month.
The first ten minutes of phone calls will be exempt from the tax for private individuals. Emergency calls and phone numbers raising funds for charity will also be exempt.
Article | May 20, 2012 - 9:49pm
Association of the Luxembourg Fund Industry (ALFI) has called on the European fund industry for greater focus and for clarity of definitions in order to foster the Responsible Investment movement.
Article | May 20, 2012 - 9:00pm
The World Bank’s Board of Executive Directors recently approved an additional financing grant worth $11.85m for the Tajikistan Municipal Infrastructure Development Project (MIDP), news agencies reported.
The World Bank’s Board of Executive Directors recently approved an additional financing grant worth $11.85m for the Tajikistan Municipal Infrastructure Development Project (MIDP), news agencies reported.
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 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 16, 2012 - 11:00am
The European Investment Bank (EIB) is lending €170 million to the Republic of Georgia to upgrade and rehabilitate the East-West highway, which is a priority transport infrastructure linking Georgia’s capital city, Tbilisi, and its Black Sea ports with Turkey and Azerbaijan. This is the largest EIB loan ever granted to Georgia and the first supporting Georgia’s transport sector.
Blog entry | May 15, 2012 - 11:49am
CAMBRIDGE – Jim Yong Kim’s appointment as World Bank president may have been predictable, given the long-standing tradition that renders the selection an American prerogative. But even the appearance of competition between Kim and the other candidates, Ngozi Okonjo-Iweala and José Antonio Ocampo, served to expose a deep fissure within the field of development policy, because Kim and his two rivals represented dramatically different approaches.
CAMBRIDGE – Jim Yong Kim’s appointment as World Bank president may have been predictable, given the long-standing tradition that renders the selection an American prerogative. But even the appearance of competition between Kim and the other candidates, Ngozi Okonjo-Iweala and José Antonio Ocampo, served to expose a deep fissure within the field of development policy, because Kim and his two rivals represented dramatically different approaches.
Article | May 15, 2012 - 4:40pm
The European Investment Bank (EIB) has granted a €200 million loan to Banesto for financing the investment projects of small and medium-sized businesses (with up to 3,000 employees), mainly in the industry and service sectors.
EIB Vice-President Magdalena Álvarez and Banesto’s Chairman Antonio Basagoiti met in Madrid to formalise the loan agreement.
Article | May 15, 2012 - 3:46pm
Hungary is ready to change its economic policies in light of talks with the IMF and EU, and lawmakers will have to attend sessions until the mid-July because the situation in Europe could require a response by the Hungarian parliament. This is the message that Hungarian Prime Minister Viktor Orbán relayed in a press conference after a meeting of the ruling alliance’s parliamentary group on 14 May.
Article | May 15, 2012 - 12:56pm
The outgoing Prime Minister of Serbia Mirko Cvetković could not visit Brussels on 15 May where he was due to attend a meeting of the EU economy and finance ministers with future member states and aspiring candidates due to a malfunction of the government's plane.
Article | May 14, 2012 - 2:16pm
For the first time since December, oil fell below $94 a barrel in New York on 14 May as the EU’s debt crisis worsened and Saudi Arabia, the world’s biggest crude exporter, is again talking down oil.
For the first time since December, oil fell below $94 a barrel in New York on 14 May as the EU’s debt crisis worsened and Saudi Arabia, the world’s biggest crude exporter, is again talking down oil.
Article | May 13, 2012 - 10:54pm
A report from Latvia’s economy ministry and finance ministry on the macroeconomic situation in the country last week showed Latvia’s exports are likely to grow at a comparatively slower pace this year.
A report from Latvia’s economy ministry and finance ministry on the macroeconomic situation in the country last week showed Latvia’s exports are likely to grow at a comparatively slower pace this year. Export trends in the first few months this year coupled with growth prospects in the main partner countries of the Baltic nation have indicated that overall growth of Latvian overseas trade is likely to dwindle on year.
In full year 2012, Latvian exports are likely to register a growth of around 10%, according to the report presented to the government.
Article | May 11, 2012 - 10:35am
Article | May 11, 2012 - 4:39pm
Chancellor Angela Merkel speaking at the German Bundestag has appeared uncompromising in her position that whatever plan is to be discussed over enhancing Eurozone's growth potential, cannot be financed with borrowed money and more government budget deficits.
Chancellor Angela Merkel speaking at the German Bundestag has appeared uncompromising in her position that whatever plan is to be discussed over enhancing Eurozone's growth potential, cannot be financed with borrowed money and more government budget deficits.
Article | May 11, 2012 - 6:12pm
The political agenda of President-elect François Hollande was broadly based on the promise to restore a more just distribution of income within French society, going to such extremes as to include a 75% taxation rate for high incomes, those exceeding one million euro per year.
The political agenda of President-elect François Hollande was broadly based on the promise to restore a more just distribution of income within French society, going to such extremes as to include a 75% taxation rate for high incomes, those exceeding one million euro per year. President Obama’s tax agenda includes similar, though not so provocative, provisions in order to finance his entitlement policies in favor of the poorer.
Blog entry | May 9, 2012 - 10:09am
NEW YORK – This year’s annual meeting of the International Monetary Fund made clear that Europe and the international community remain rudderless when it comes to economic policy.
NEW YORK – This year’s annual meeting of the International Monetary Fund made clear that Europe and the international community remain rudderless when it comes to economic policy. Financial leaders, from finance ministers to leaders of private financial institutions, reiterated the current mantra: the crisis countries have to get their houses in order, reduce their deficits, bring down their national debts, undertake structural reforms, and promote growth. Confidence, it was repeatedly said, needs to be restored.
Article | May 8, 2012 - 3:41pm
The European Commission has launched a €2 million project to preserve the cultural heritage in Cyprus as a part of the aid programme for the Turkish Cypriot community.
Blog entry | May 8, 2012 - 10:04am
BRUSSELS – Rarely has an election resonated so widely across the European Union as the French presidential ballot has done. Rarely has a leadership change in one EU member state created expectations of a real policy shift.
BRUSSELS – Rarely has an election resonated so widely across the European Union as the French presidential ballot has done. Rarely has a leadership change in one EU member state created expectations of a real policy shift.
Article | May 7, 2012 - 3:53pm
With Greece obviously ungovernable after yesterday's elections that turned out an fragmented political landscape, and François Hollande's victory in the the presidential race in France, European capital markets opened today with heavy losses.
With Greece obviously ungovernable after yesterday's elections that turned out an fragmented political landscape, and François Hollande's victory in the the presidential race in France, European capital markets opened today with heavy losses.
The Athens stock exchange started at 8.5% down, with the rest of bourses losing up to 2%. The euro also lost some ground.
Article | May 6, 2012 - 10:56pm
The Portuguese government is expecting to see growth in the economy next year and achieve about 2.5% growth by 2016. However this year the economy is expected to show contraction of about 3.3%.
The Portuguese government is expecting to see growth in the economy next year and achieve about 2.5% growth by 2016. However this year the economy is expected to show contraction of about 3.3%.
Article | May 6, 2012 - 10:57pm
The Spanish government would not pump-in any taxpayer money into the creation of a so-called bad bank which would relieve the banking sector from their toxic assets, local reports said last week citing anonymous official sources at the Spanish economy ministry.
The Spanish government would not pump-in any taxpayer money into the creation of a so-called bad bank which would relieve the banking sector from their toxic assets, local reports said last week citing anonymous official sources at the Spanish economy ministry.
