Category : Economy

Kevyn Orr, a turnaround specialist, spent recent months in nerve wracking but unsuccessful negotiations with creditors to settle for a fraction of what they owe and persuading municipal unions to accept cuts in benefits. 7th August 2013 Detroit, the once thriving mid west metropolis that gave birth to the nation’s auto industry, is now the...

The goal is to limit Chinese competition against European manufacturers such as Solarworld AG, without resorting to anti-dumping duties opposed by U.K. and Germany. 6th August 2013 Import tariffs on Chinese solar panels will be removed in three days as the European Commission approved European Trade Commissioner Karel De Guct’s plan for curbs on solar...

The Markit eurozone purchasing managers index (PMI), which measures business output was 50.4 in July. July’s figure was up from 48.7 in June and marks an 18 month high. 1st August 2013 The Eurozone which is battling economic recession may finally see a light at the end of a very long tunnel, the euro zone...

Although the past decade of rapid economic growth has brought many benefits to India, the environment has suffered, exposing the population serious air and water pollution. 31st July,2013 Background and Context Over the last decade, India’s strong growth has increased employment opportunities and allowed millions to emerge from poverty. India’s remarkable growth record, however, has been clouded...

The American Council for an Energy Efficient Economy (ACEEE) found implementation of the bill would save about 9.5 quadrillion btus (british thermal units) between 2014 and 2030, or nearly one tenth of the annual energy use in the U.S. 31st July 2013 While many in Washington still warn about the dangers of carbon emissions and...

With bold and coherent action, Bulgaria already benefit from climate action today. 31st July ,2013 Bulgaria has substantial green growth potential and it depends upon bold and systematic actions to tap into this potential in areas like agriculture, energy efficiency, and green manufacturing, according to Markus Repnik, World Bank Country Manager for Bulgaria, Czech Republic,...

Since reforms associated with Doi Moi in1986, Vietnam has recorded strong trade performance: Vietnam’s exports rose 34 percent in 2011, 18 percent in 2012 and nearly 20 percent in the first quarter of 2013. 30th july • Since reforms associated with Doi Moi in1986, Vietnam has recorded strong trade performance: o Vietnam’s exports rose 34 percent in...

This is the second large dig undertaken with World Bank support. The first was a massive pagan religious site, the Dedoplis Mindori temple complex, once the main place of worship for Georgian kings 1 BC and 1 AD. 30th july Georgian archaeologists stumbled across a large Bronze Age burial site containing a hundred graves with...

Using a World Bank loan, the SSSU has rolled out a new nation-wide Integrated Statistical Data Processing System based on modern information technologies. “In 2011, Eurostat, the statistical office of the European Union. 30th July Fifteen acres of black soil is the main source of income for Galyna Movchan, who lives about 170 kilometers from...

The consumer price index and the retail price index measure inflation. 30th July 2013 Inflation is the rate of increase in prices for goods and services and one of the most important issues in economics. It also affects the level of state pensions and benefits and other government programmes. The consumer price index and the...