Stockbuilding pushes OECD GDP growth up to 0.5% in the third quarter of 2016
Austria Adheres to the International Monetary Fund's Special Data Dissemination Standard Plus
Austria has completed the requirements for adherence to the International Monetary Fund’s Special Data Dissemination Standard (SDDS) Plus—the highest tier of the Data Standards Initiatives. Austria’s SDDS Plus data are now posted on the Dissemination...
Poland’s Economic Growth to Accelerate in 2017
Economic growth in Poland is estimated to increase to 3.1 percent in 2017, up from 2.5 percent in 2016, according to the latest edition of the Global Economic Prospects report, launched on January 10. In 2018 and 2019, the economy is forecast to grow...
IMF Executive Board Completes the Fifth Review Under the Policy Support Instrument for Tanzania
On January 9, 2017, the Executive Board of the International Monetary Fund (IMF) completed the fifth review of Tanzania’s economic performance under the program supported by a three-year Policy Support Instrument (PSI). The Board’s decision was taken...
IMF Executive Board Completes Sixth PSI Review and First Review Under the Standby Credit Facility for Rwanda
Requests for an 18-month SCF arrangement with access of about US$204 million (SDR 144.18 million) or 90 percent of Rwanda’s quota and to extend Rwanda’s PSI-supported program through end-2017, were approved by the Board on June 8, 2016.
Bosnia and Herzegovina to Create New Private Sector Jobs for Youth with World Bank Support
The World Bank Board of Directors on January 5, approved a EUR 50 million IBRD loan for the Employment Support Project in Bosnia and Herzegovina (BiH) with the objective to increase formal private sector employment among targeted groups, starting with...
November 2016 compared with October 2016-Volume of retail trade down by 0.4% in euro area-Down by 0.1% in EU28
In November 2016 compared with October 2016, the seasonally adjusted volume of retail trade fell by 0.4% in the euro area (EA19) and by 0.1% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In October...
New Year brings in new penalties for enablers of offshore tax evasion
Accountants, bankers, lawyers and other advisors who enable offshore tax evasion will face tough new sanctions from 1 January 2017.
Investment Plan for Europe: First EFSI transaction for Cypriot businesses as EIF and RCB Bank sign EUR 10 million agreement
The European Investment Fund (EIF) and RCB Bank (RCB) have signed the first EFSI agreement in Cyprus, which will provide EUR 10 million to innovative small and medium-sized enterprises (SMEs). This agreement benefits from the support of the European...
Results of the second wave of the Eurosystem’s Household Finance and Consumption Survey
The net wealth of euro area households fell by about 10 percent between 2010 and 2014, mainly due to lower house prices, according to the results of the second wave of the Eurosystem’s Household Finance Consumption Survey (HFCS). Overall, real estate...
