Finance & Economics

Euro changeover successfully completed in Lithuania

The euro has become the sole legal tender in Lithuania, after two weeks in which payments could also be made in litas, with change being given in euros on Jan. 16. This brings to a close many months of preparation by the Lithuanian authorities with...

U.S. Treasury International Capital Data For November

The U.S. Department of the Treasury released Treasury International Capital (TIC) data for November 2014 on Jan. 16. The next release, which will report on data for December 2014, is scheduled for February 17, 2015.

World Bank Advises Croatia on how to Accelerate its Economic Recovery

Prospects for Croatia’s strong recovery from recession and return to the pre-recession growth rates are slim unless the country vigorously moves forward in addressing the structural weaknesses of its economy, according to the World Bank’s new Public...

UK Government puts rocket boosters under plans to get troubled families back to work

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Boosting UK business by easing health and safety burden – 84% of rules scrapped or improved

UK Department for Work and Pensions has taken a ‘One in Two Out’ approach to rules, with those covering health and safety halved without compromising or diluting health and protection for workers.

Contributions to GDP growth: third quarter 2014, Quarterly National Accounts, OECD

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World Bank and Government of Kosovo Sign Agreements for Two New Projects: Energy Efficiency/Renewable Energy Project and Health Project

The Minister of Finance of the Republic of Kosovo, Avdullah Hoti, and the World Bank’s Country Director and Regional Coordinator for Southeastern Europe, Ellen Goldstein, Thursday signed two new World Bank-financed projects, the Kosovo Energy...

WB/Argentina: Job Opportunities for Half a Million Young Adults

The World Bank Board of Executive Directors approved Thursday a new US$425 million project for Argentina that seeks to promote quality job opportunities for 540,000 young adults living in vulnerable socio-economic conditions. The project will provide...

Austria should set timeframe for 0.7% development aid target, says OECD

Austria should set a timeframe to increase its aid budget in line with a pledge to allocate 0.7% of its gross national income (GNI) to development aid, according to an OECD Review.

IMF Staff Concludes Mission to The Gambia

A mission from the International Monetary Fund (IMF) led by Bhaswar Mukhopadhyay, visited Banjul from January 8-14, 2015. Though The Gambia remains completely free of Ebola, the crisis has caused a deep decline in tourism related activities, the...