Economy & Finance

On 30 December 2011, New Europe reported that, according to the EU’s statistical service Eurostat, the Eurozone recorded a trade surplus of €1.1 billion in October last year, following another significant positive foreign trade balance in the preceding month of €3.1bn.

MILAN – If one looks at the trade patterns of the global economy’s two biggest players, two facts leap out. One is that, while the United States runs a trade deficit with almost everyone, including Canada, Mexico, China, Germany, France, Japan, South Korea, and Taiwan, not to mention the oil-exporting countries, the largest...

With the realisation of the 8-9 December decision by the 26 EU countries to create a stronger fiscal union (without Britain), individual countries’ problems seem to have passed in a second plan, despite the undeniable fact that the success or failure of Greece, Italy, Spain, Portugal and Ireland to control their deficits and state debts...

The European Investment Bank (EIB) is providing two loans totalling €735 million in Poland: €600m to finance the extension of the A4 motorway and S17 express-way, both located in South-Eastern Poland, and PLN 600 million (approx. €135m) to support the construction and operation of the first Polish LNG terminal in Swinoujscie on...

The European Investment Bank (EIB) has purchased Sekerbank T.A.S. covered bonds worth 120 million Turkish lira (€50m) in support of SMEs in Turkey.