Economy in Southern Europe

  • Italy Current Account Surplus Grows In June

    ITALY, 2017/08/22 Italy's current account surplus increased in June from a year ago, data from the Bank of Italy showed Friday. The current account surplus climbed to EUR 5.26 billion in June from EUR 4.04 billion in the corresponding month last year. The surplus on trade in goods fell to EUR 5.21 billion in June from EUR 5.38 billion in the same month of 2016. Similarly, services surplus shrank to EUR 551 million from EUR 661 million.

  • Greece Current Account Surplus Falls In June

    GREECE, 2017/08/22 The Greece current account surplus declined in June from previous year, the Bank of Greece reported Monday. The current account surplus fell to EUR 842.3 million from EUR 909.8 million the previous year. The deficit on goods trade widened to EUR 1.43 billion from EUR 1.41 billion prior year. Meanwhile, the surplus on services rose to EUR 2.3 billion from EUR 2.1 billion in June 2016.

  • Slovenia Output Prices Rise Further In July

    SLOVENIA, 2017/08/22 Slovenia's output prices continued its rising trend in July, figures from the Statistical Office of the Republic of Slovenia showed Monday. Output prices climbed 2.3 % year-over-year in July, slightly above the 2.2 % gain in June. The measure has been increasing since December last year.

  • Economic headwinds look set to revive African M&A

    EGYPT, 2017/05/07 Two-thousand and sixteen was relatively quiet for African banking markets on the merger and acquisition (M&A) front. In most of the continent’s larger economies, inclunding Nigeria and South Africa, major transaction announcements were absent despite the challenging economic conditions of recent times. Buy-ins to African banks from European and Middle Eastern players were as well low, according to data from Mergermarket. This contrasts sharply from 2015 at the same time as buyers from Norway, Kuwait and the UK all made significant acquisitions on the continent. These deals were complemented by several bold intra-regional transactions, inclunding Kenya’s Equity Group acquiring a stake in a microfinance provider in the Democratic Republic of the Congo and Morocco’s Banque Centrale Populaire buying a position in BIA Niger.

  • Economic headwinds look set to revive African M&A

    EGYPT, 2017/05/07 Two-thousand and sixteen was relatively quiet for African banking markets on the merger and acquisition (M&A) front. In most of the continent’s larger economies, inclunding Nigeria and South Africa, major transaction announcements were absent despite the challenging economic conditions of recent times. Buy-ins to African banks from European and Middle Eastern players were as well low, according to data from Mergermarket. This contrasts sharply from 2015 at the same time as buyers from Norway, Kuwait and the UK all made significant acquisitions on the continent. These deals were complemented by several bold intra-regional transactions, inclunding Kenya’s Equity Group acquiring a stake in a microfinance provider in the Democratic Republic of the Congo and Morocco’s Banque Centrale Populaire buying a position in BIA Niger.

  • Croatia Retail Sales Rebound In February

    CROATIA, 2017/04/10 Croatia's retail sales increased in February next falling in the previous month, figures from the Croatian Bureau of Statistics showed Monday. The volume of retail sales climbed a seasonally and working-day-adjusted 3.6 % month-over-month in February, reversing a 2.5 % rise in January.

  • Yannis Stournaras underlines positive growth and plays down Syriza foot-dragging

    GREECE, 2017/03/06

  • Barcelona may extend Qatar Airways sponsorship to 2020

    QATAR, 2016/09/01 La Liga champions Barcelona and Qatar Airways are in talks to extend their current shirt sponsorship transaction until 2020, the boss of the Gulf carrier said Wednesday. Akbar Al Baker, Qatar Airways' CEO, said the two parties were in fresh negotiations to extend the current one year transaction, which was announced in July, by a further three years.

  • Britain's economic policy has changed radically almost overnight.

    UNITED KINGDOM, 2016/07/16 Britain's economic policy has changed radically almost overnight. In all the fuss and dust surrounding the referendum, the Tory leadership campaign and the creation of a brand new cabinet it has been easy to lose sight of this fact. George Osborne has been chancellor of the exchequer for six long years of austerity. He and his government told us time and again that balancing the budget was their initial and most significant job.

  • Spain enters race to host EU bank regulator

    EUROPEAN UNION, 2016/07/04 Spain will compete with other nations in the European Union to host the headquarters of the EU's London-based bank regulator following Britain's decision to leave the bloc, its deputy prime minister said on Friday. The race to host the European Banking Authority is led by Paris and Frankfurt, the major EU financial centres, but no decision has been reached and other nations have as well put themselves forward in the scramble to give London's agencies a new home.
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