Great Recession in Europe
Romania's Economic Recovery Gathering Speed
A new report by Romania's National Statistics Institute, the INS, published on Wednesday, holds good news for Romania's economy in 2015.
Gross Domestic Product expanded by 4.3 per cent in real terms in the first quarter of 2015 compared to the same period last year, the INS said in a statement.
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Greece returns to recession as bailout impasse drains economy
By Marcus Bensasson
Greece?s economy went back into recession in the first quarter as a standoff with its international creditors renewed doubts about its place in the euro area.
Eurozone growth strengthens in first quarter
Growth in the eurozone strengthened to 0.4 percent in the first quarter, official EU data showed on May 13, with a surprising performance by France where the economy exceeded powerhouse Germany's.
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Turkish industrial output up in March
Industrial production in Turkey increased 4.7 percent in March, compared with the same month last year, the Turkish Statistical Institute (TÜ?K) said in a statement on May 8.
Total output increased 2.2 percent from the previous month, the statement said. The new figure was the strongest industrial output figure since October of last year.
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Finance Ministry official: Romania's tax-to-GDP ratio is roughly 32 percent
Romania is still among the EU countries with a quite low tax-to-GDP ratio of roughly 32 percent, Secretary of State with the Public Finance Ministry Enache Jiru told a specialist conference.
Photo credit: (c) Alex MICSIK / AGERPRES PHOTO
Bulgaria's GDP to Grow 1.0% in 2015, 1.3% in 2016 - EU Commission
Bulgaria's real GDP growth is expected to accelerate to 1.3% in 2016 from 1.0% this year, according to the European Commission's Spring 2015 Economic Forecast released on Tuesday.
The country is expected to swing to 1.0% inflation next year from 0.5% deflation in 2015. The unemployment rate is forecast to decrease to 10.4% in 2015 and 9.8% next year from 11.4% in 2014.
Outlook for Greece casts cloud over Europe's 'brightest spring in several years'
The European Union has nudged up its forecast for economic growth across the 19-country eurozone despite a much gloomier outlook for Greece.
Half of investors expect Greece to leave eurozone within 12 months, says Germany's Sentix
Around half of investors expect Greece to leave the eurozone within the next 12 months, a survey by German research group Sentix showed on Tuesday.
Sentix's eurozone breakup index for Greece shot up to 48.3 percent in April from 35.5 percent in March, suggesting one in two investors is skeptical about pledges to keep Athens in the single currency bloc.
Unbridled domestic borrowing
In first three months gov?t tapped 40 pct more cash through repos than amount foreseen for entire year
By Sotiris Nikas & Prokopis Hatzinikolaou
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Credit system sees funding role in residential property transactions shrink
Banks are expected to have an even smaller role in the financing of residential property transactions in the first half of the year, weighing on the already tough market conditions.