Category Archives: Economy

Economy Press Releases & News distributed via EuropaWire

SEAT President Luca de Meo on Europe’s economic future at the prestigious Scuola di Politiche

The President of SEAT argues that innovation and training are the two main instruments of change De Meo: “We need a stable institutional and regulatory framework and State agreements to encourage the competitiveness and internationalisation of businesses” “When the Administration … Read the full press release

KfW-ifo SME Barometer: German SMEs optimistic about the future despite recent truce in the trade conflict between US and EU

Business sentiment of small and medium-sized enterprises continues to improve Large enterprises are also more optimistic Robust upswing, but many risks remain Frankfurt am Main, 11-Sep-2018 — /EuropaWire/ — With the recent truce in the trade conflict between the US and … Read the full press release

Silvana Tenreyro named winner of Carl Menger Award 2018

ZURICH, 05-Sep-2018 — /EuropaWire/ — Every two years, the Verein für Socialpolitik confers the Carl Menger Award for innovative international research in the areas of monetary macroeconomics and monetary policy. The award, named after the Austrian economist and co-founder of the … Read the full press release

KfW SME Panel: number of trainees and apprentices across Germany grew in 2017 for the first time in six years

High demand for labour has led to first increase in traineeships and apprenticeships since 2011 Around 90% of trainees and apprentices undergo training in small and medium-sized enterprises Women choose other training occupations than men – and are paid less … Read the full press release

Insurance Europe supports the EU’s efforts to make the European economy greener and more resilient

BRUSSELS, 30-Aug-2018 — /EuropaWire/ — Insurance Europe has published its response to a consultation on the European Commission’s proposal for a regulation to establish a framework to facilitate sustainable investment. It expressed support for the EU’s efforts to make the European economy greener … Read the full press release

40 miljoen liter verdwijnt onnodig in het europese millieu | Stem op Cleanprotec | Dave Bebelaar award 2018

UTRECHT, Nederland, 15-Jun-2018 — /EuropaWire/ — Autolakken zijn door milieu eisen steeds minder bestand tegen invloeden van buitenaf. Veel gebruikte autoverzorgingsproducten hebben slechts een korte werking en daardoor komt er minimal zo’n 40 miljoen liter poetsmiddel in het europese milieu … Read the full press release

Professor Knut Haanaes appointed Dean of the World Economic Forum’s newly established Global Leadership Institute

Knut Haanaes becomes Dean of the World Economic Forum’s newly established Global Leadership Institute Previously, Haanaes was a Senior Partner at BCG and taught at IMD Business School in Switzerland, Stanford University, BI Norwegian Business School and in the private … Read the full press release

The EBRD is the first multilateral development bank to become a TCFD supporter

Ahead of landmark conference on TCFD guidance, Bank announces commitment to climate-related financial disclosures The EBRD commits to launching climate-related financial disclosure during 2018 The Bank’s Sustainability Report outlines a clear approach for transparency on climate risks LONDON, 24-May-2018 — /EuropaWire/ — The … Read the full press release

Coface: EU accession of Western Balkans likely to happen as it would counterbalance influence of Russia and China in the region

Bois-Colombes, France, 15-May-2018 — /EuropaWire/ — The European Union – Western Balkans Summit will take place in Sofia, Bulgaria, on the 17th of May 2018. This meeting aims to reaffirm the EU’s commitment towards the Western Balkans gaining EU membership. Coface’s economists … Read the full press release

Destatis: turnover in the main construction industry in February 2018 up 10.5% YoY

WIESBADEN, 10-May-2018 — /EuropaWire/ — As reported by the Federal Statistical Office (Destatis), turnover in the main construction industry in February 2018 was up 10.5% compared with the corresponding month of the previous year. At the end of February 2018 the … Read the full press release

Destatis: German local courts report 1,624 business insolvencies in February 2018; 2.8% increase YoY

WIESBADEN, 10-May-2018 — /EuropaWire/ — In February 2018 German local courts reported 1,624 business insolvencies. The Federal Statistical Office (Destatis) reports that this was a 2.8% increase compared with February 2017. In February 2018, the largest number of business insolvencies was … Read the full press release

ZOOM International Introduces GDPR Compliance in 6.3 Release

New Capabilities offer an Industry First—No Additional Product Purchases to Achieve Compliance PRAGUE, 27-Apr-2018 — /EuropaWire/ — ZOOM International, a leader in call recording, workforce optimization, and compliance software for the omnichannel contact center, today announced support for the European … Read the full press release

Destatis: turnover in the main construction industry in January 2018 up 22.2% YoY

WIESBADEN, 10-Apr-2018 — /EuropaWire/ — As reported by the Federal Statistical Office (Destatis), turnover in the main construction industry in January 2018 was up 22.2% compared with the corresponding month of the previous year. At the end of January 2018 the … Read the full press release

Coface: Growing Chinese investments could eventually pose a threat to Japanese corporate interests in the Asia Pacific region

Bois-Colombes, France, 16-Mar-2018 — /EuropaWire/ — According to Coface, China and Japan are becoming competitors for trade and investment in the Asia Pacific region. Coface’s report, entitled “Clash of the Titans: China’s rise fuels competition with Japan’s interests in Asia”, reveals … Read the full press release

Destatis: Germany export in January 2018 reached 107.1 billion euros; up 8.6% YoY

Exports, January 2018 107.1 billion euros –0.5% on the previous month (calendar and seasonally adjusted) +8.6% on the same month a year earlier Imports, January 2018 89.7 billion euros –0.5% on the previous month (calendar and seasonally adjusted) +6.7% on … Read the full press release

Destatis: labour costs per hour in Germany rose by 2.1% in 2017

Labour costs per hour worked, 4th quarter of 2017 • +0.4% on the previous quarter (seasonally and calendar adjusted) • +1.5% on the same quarter a year earlier (calendar adjusted) WIESBADEN, 09-Mar-2018 — /EuropaWire/ — In Germany, labour costs per hour worked … Read the full press release

Schuster Manfred Hubert agrees with future oil predictions

Oil and Energy BEIJING, China, 01-Mar-2018 — /EuropaWire/ — Crude oil prices will average $60/b in 2018 and $61/b in 2019. That’s an increase from last month’s Short-Term Energy Outlook by the U.S. Energy Information Administration. In January 2018, oil prices briefly hit $70/b. In … Read the full press release

UK Gov: Proposed changes to Clause 11 of the EU Withdrawal Bill on discussion at Joint Ministerial Committee meeting in London

Proposed changes to Clause 11 of the EU Withdrawal Bill have been shared with devolved administrations ahead of a Joint Ministerial Committee meeting. LONDON, 22-Feb-2018 — /EuropaWire/ — Proposed changes to Clause 11 of the EU Withdrawal Bill to ensure all devolved … Read the full press release

UK Gov: Chinese New Year reception at Downing Street to celebrate a ‘Golden Era’ for UK-China relations

Prime Minister Theresa May welcomed guests to Number 10 to celebrate the beginning of the Year of the Dog. LONDON, 22-Feb-2018 — /EuropaWire/ — Theresa May has hosted a Chinese New Year reception at Downing Street to celebrate the enormous contribution of … Read the full press release

WEF, Bain & Company report calls for the urgent integration of urban-energy-mobility patterns to accelerate the ability of cities to meet climate goals

A new approach to electric mobility is needed to stimulate economic growth and reduce carbon emissions, says new Forum report Electrified autonomous vehicles (AV) will revolutionize urban mobility by reducing travel costs by up to 40% and cut down CO2 … Read the full press release

German Association of the Automotive Industry (VDA): In 2018 the Indian passenger car market will overtake the German market in terms of volume for the first time

Statement delivered by Klaus Bräunig, Managing Director of the German Association of the Automotive Industry (VDA), at the press conference at the German pavilion in New Delhi, India, on Wednesday, Feb. 8, 2018, at 11.30 h local time New Delhi, … Read the full press release

Nordic and Baltic countries sign Memorandum of Understanding (MoU) on cooperation and coordination on cross-border financial stability

OSLO, 12-Feb-2018 — /EuropaWire/ — The heads of relevant ministries, central banks, financial supervisory authorities and resolution authorities in the Nordic and Baltic countries, have signed a Memorandum of Understanding (MoU) on cooperation and coordination on cross-border financial stability. The Nordic … Read the full press release

European Commission opens applications for 2018 Lorenzo Natali Media Prize for outstanding journalism on development topic

BRUSSELS, 06-Feb-2018 — /EuropaWire/ — Applications for the European Commission’s 2018 Lorenzo Natali Media Prize, which recognises journalists doing outstanding reporting on development topics, are open from 5 February to 9 March for online, print and audio-visual works. Commissioner for International … Read the full press release

Professor Catia Montagna appointed Jaffrey Chair of Political Economy at the University of Aberdeen Business School

ABERDEEN, 05-Feb-2018 — /EuropaWire/ — A leading economist has been appointed Jaffrey Chair of Political Economy at the University of Aberdeen Business School, becoming only the sixth person to hold the prestigious role since it was established nearly a century ago. … Read the full press release

Rio Tinto and the Government of Mongolia strengthen relationship by setting up a joint working group to create long-term sustainable solutions

LONDON, 25-Jan-2018 — /EuropaWire/ — The Prime Minister of Mongolia U. Khurelsukh and other government representatives and Rio Tinto chief executive J-S Jacques met in Ulaanbaatar today to progress their partnership. The two sides discussed ways to strengthen the relationship by … Read the full press release

Government of Denmark and World Economic Forum partner to improve the state of the world through public-private cooperation

Denmark becomes the first European country to enter into a partnership with the World Economic Forum Agreement is a framework covering a number of areas, including green growth, technology and innovation, trade and investment, and education, gender and work The … Read the full press release

Changes to the global system of meat and protein production underway as new initiative launched at the World Economic Forum

Demand for meat and protein set to double by 2050 with 9 billion people and a growing middle class Widespread provision of safe, affordable and sustainable protein is critical to human nutrition and economic development New white paper Meat: The Future outlines … Read the full press release

The World Economic Forum’s 48th Annual Meeting: Creating a Shared Future in a Fractured World

The 48th World Economic Forum Annual Meeting will take place on 23-26 January in Davos-Klosters, Switzerland, under the theme, Creating a Shared Future in a Fractured World Unprecedented participation expected from global leaders including 70 heads of state or government and 38 heads … Read the full press release

Destatis: Urlaub in Europa: günstig im Süden und Osten, teuer im Norden und Westen

WIESBADEN, 12-Jan-2018 — /EuropaWire/ — Nach der Weihnachtszeit und dem Start ins neue Jahr 2018 steht für viele Reiselustige bereits die Urlaubsplanung an. Kostengünstiger als in Deutschland ist Urlaub in Süd- und Osteuropa. Teurer sind hingegen Urlaubsreisen in den Westen und … Read the full press release

Destatis: German economy in 2017: GDP 2.2% higher in 2017 than in the previous year

WIESBADEN 12-Jan-2018 — /EuropaWire/ — The economic situation in Germany was characterised by strong economic growth in 2017. According to first calculations of the Federal Statistical Office (Destatis), the price-adjusted gross domestic product (GDP) was 2.2% higher in 2017 than in … Read the full press release