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Monday 22.01.2018 | Name days: Austris

European Central Bank raises GDP and inflation forecast

European Central Bank has revised two macro-economic forecasts for 2011. It is projected the eurozone GDP will expand 1.9% instead of the previously forecast 1.7%, while inflation is said to climb 2.6% instead of 2.3%.

Swedish Bar Association issues a warning to Assange's lawyer

The Swedish Bar Association has issued a warning to the Swedish lawyer of WikiLeaks leader Julian Assange, according to a statement on June 9, following criticism expressed to him by an English judge.

Baltic euro enthusiasm drops over eurozone debt crisis

Latvia and Lithuania’s positive attitude towards joining the eurozone, as in case of their neighbour Estonia, is declining. It is likely that the next eurozone expansion might prolong, without attaining the previously set target – the year 2014.

Tax refunds in Sweden hit several billion dollars

In Sweden, the volume of tax refunds to be paid by the summer solstice weekend has hit an unprecedented record, namely, 3.25 billion US dollars.

Spain wants compensation for misinformation on deadly cucumbers

Spain will ask Germany to compensate for the losses caused my putting the blame on Spanish cucumbers for the outbreak of a deadly bacteria, poisoning hundreds of people throughout the entire Europe.

Orchid named after Merkel

Singapore authorities have named an Denrobium orchid after the German Chancellor Angela Merkel.

IMF to lend three billion dollars to Egypt

The International Monetary Fund has agreed to grant a loan at the extent of three billion dollars to Egypt, while the loan repayment period has not been disclosed yet.

Apple CEO returns to present iCloud

Having been on a sick leave for months, Apple Chief Executive Officer Steve Jobs is now returning back to the stage to present the world's most valuable technology company's strategy and products.

Brent crude drops on US unemployment

Brent crude fell down to 115 US dollars on Monday, June 6, amid fear over demand after disappointing unemployment data was revealed.

Economists: Russian economy returning to Soviet times

The economic policy of Russian officials grows more and more similar to the one of the Soviet times. Moreover, the deteriorating situation with the state budget is the most crucial issue of this, economists say.

Russia bans fresh vegetables import

On Thursday, May 2, Russia banned fresh vegetables import from the European Union member states due to the deathly E-coli bacteria outbreak.

IKEA to open its bank in Russia

The holding group IKEA, the leading household goods producer in the world, is going to open its bank in Russia. This will allow the company to economize on intermediary bank services.

Food prices to double by 2030

Prices of staple foods may double by 2030, according to the International charity Oxfam. In case world leaders do not take action by adopting respective measures, cost of the most important crops could skyrocket 120-180% in the next 20 years.

Yuan hits record high against dollar

Chinese national currency yuan rose record high against the dollar, setting the its central parity rate against the US dollar at 6.4856.

Inflation hits 15% in Belarus

In the first five months of 2011, inflation has already hit 15%, admits, Andrey Tur, Belarus deputy Economy Minister. Moreover, consumption prices gained 3.95% in 17 days of May, while spiking 15.2% in 4.5 months time, which is 3% a month.

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