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Sunday 17.12.2017 | Name days: Teiksma, Hilda

Privatization to bring Moscow 200 billion rubles

An ambitious privatization program is said to bring Moscow 200 billion rubles this year. It is planned to sell state shares in 226 companies.

Siemens profit surges 15%

The German industrial group Siemens first-quarter net profit has soared 15% up to 1.75 billion euro.

Mobile broadband devices boost Ericsson profit

The world’s largest wireless network manufacturer Ericsson predicts the sales volume growth and much higher net profit due to the surge in mobile broadband equipment demand.

Oil drops due to expected stocks climb

US oil price dropped on January 25 for a second session in a row, affected by the expected rise in stocks and weak technical outlook.

Spain attempts to nationalize regional banks

Spain plans to partially nationalize the weak regional banks while trying to convince investors that such a decision will not affect the budget deficit.

Expert: Scandinavia is more economically-free than the UK

The Scandinavian population, which is referred to as the «icy» democrats and admired by the British «left-wing» society, is economically freer than those who spend their lives in the United Kingdom, believes the English writer and economist Tim Worstall.

United Nations: Europe at risk of double dip recession

A new crisis in a form of another downfall might hit the European Union in 2011, according to the United Nations Conference on Trade and Development statement on the current economic situation and forecasts for 2011.

China attracts 100 billion dollars in direct investments

China attracted record-high direct investment volume – 106 billion dollars in 2010, which is a leap of 17.4%, compared to the previous year.

Euro has lost nearly 22% of its value since 1999

Since 1999 the European single currency has lost nearly 22% of its value. Comparing to 1999, at the moment the purchase power of one euro in the European Union countries equals 78 euro cents on average.

Brent crude approaches 98 dollars per barrel, due to OPEC announcement

Brent crude oil price is likely to surge in the future. Such a statement was made after OPEC’s announcement that crude oil production output will be maintained even if the price reaches 100 US dollars per barrel.

Airbus hits new aircraft deliveries record

has managed to increase its production output for the ninth consecutive year, thus hitting a new record of the company, Airbus told the business news portal BNN.

China’s economy grew 10% last year

Last year, China’s gross domestic product growth formed about 10%; yet, economic overheating may become one of the key risks in 2011, announced Zhou Xiaochuan, the senior economist at Central Bank Statistical Bureau.

Germany blames Barroso for complicating eurozone crisis

European Commission president Jose Manuel Barroso is making the eurozone financial crisis even more complicated by proposing to boost the eurozone rescue fund, says the German Finance Minister Wolfgang Schaeuble.

Fitch cuts Greece credit rating

The international credit rating agency Fitch has downgraded Greece long-term credit rating from BBB- to BB+, highlighting the EU member state's inability to tackle the severe financial crisis.

On the brink of global food crisis

The US government's cuts in stock forecasts for crops have boosted corn and soybean prices to 30 months high.

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