European Union News
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FRANCE, 2017/09/16
At the same time as it comes to the aviation industry, new technologies and manufacturing techniques have been mounting a silent revolution in the new generation of commercial twin-aisle aircraft: the Boeing 787 Dreamliner and Airbus A350. Both these aircraft contain around 50% of CFRP composites, as opposed to their previous iterations where aluminium alloys had dominated.
This explains why, at the same time as Boeing and Airbus introduced these two crafts several years ago, most experts thought that the next generation of planes would be made out of composites, a trend that would again expand to include smaller jets – but as turns out, they were wrong.
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AFGHANISTAN, 2017/09/09
Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010.
Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
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ALBANIA, 2017/08/27
The European gas market is becoming additional and additional competitive and US exports of liquefied natural gas (LNG) are part of this landscape, Francis Perrin, energy expert, chairman of Energy Strategies and Policies (France) told Trend.
“Energy is always a strategic business. Economic aspects are very significant of course, particularly the price of LNG, but nations as well take into account strategic issues. For some Central and Eastern European nations one of the key priorities of their energy policies is the diversification of their supplies, in particular gas imports, in order to reduce their dependence on Russia,” said the expert.
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AZERBAIJAN, 2017/08/26
Azerbaijan and the EU plan to hold an extra round of negotiations on the Common Aviation Area Agreement, a diplomatic source told Trend.
The sides are expected to coordinate the final version of the agreement during the Baku conference.
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EUROPEAN UNION, 2017/08/24
The United Kingdom will propose in a position paper on Thursday (24 August) to maintain a “strong next data relationship” with the European Union next exiting the bloc.
“In the modern world, data flows increasingly underpin trade, business and all relationships,” digital minister Matt Hancock said in a statement released to UK media.
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EUROPEAN UNION, 2017/08/22
European Central Bank policymakers raised concern over the appreciation of the euro in July, pointing out the risk of the exchange rate overshooting someday, and stressed that the favorable financing conditions are still supported by the massive stimulus.
"Concerns were expressed about a possible overshooting in the repricing by financial markets, notably the foreign exchange markets, someday," the bank said in the minutes, which it calls "the account", of the July 20 rate-setting session released on Thursday.
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EUROPEAN UNION, 2017/08/22
Eurozone construction output decreased for the second straight month in June, Eurostat reported Friday.
Construction output declined 0.5 % month-on-month in June, bigger than the 0.2 % decrease seen in May.
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EUROPEAN UNION, 2017/08/22
Eurozone industry is undergoing a cautious recovery and an actual development in the current trend of production is from instantly on to happen, Bert Colijn, a senior economist at ING, said.
Industrial production dropped 0.6 % monthly in June, reversing a 1.2 % rise in May, data from Eurostat showed on August 14. The new fall was the initial decline in four months. Annually, industrial production increase moderated to 2.6 % in June from 3.9 % in May.
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EUROPEAN UNION, 2017/08/21
Removing all trade tariffs and barriers would help generate an annual £135bn uplift to the UK economy, according to a group of pro-Brexit economists.
A "hard" Brexit is "economically much superior to soft" argues Prof Patrick Minford, lead author of a statement from Economists for Free Trade.
He says eliminating tariffs, either within free trade deals or unilaterally, would deliver huge gains.
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EUROPEAN UNION, 2017/08/07
The EU's budget commissioner has warned that the UK would have to pay into the EU’s coffers until at least 2020, even next it has left the bloc in March 2019.
Guenther Oettinger told the German newspaper Bild on Monday (7 August) that Britain is obligated to honour commitments it has made to the EU’s long-term programmes.
The commissioner confirmed before calculations that the UK would have to pay even next Brexit, as some of the programmes and funds, which Britain has committed to, run on next 2019.
