Lithuanian GDP soared 8.7% in 2007, after growing 7.7% in 2006. Economic growth has averaged a stunning 7.5% for the last eight straight years. The consensus forecast of for GDP growth to continue at a 6-7% growth rate for the years to come.
Read Article
Latvia’s economic growth is among the fastest in the world, with GDP growing 10% in 2007 after 12% growth in 2006. The consensus estimate is that GDP will grow 7-8% in 2008. Growth has been stimulated by domestic demand driven by fast wage growth and private borrowing, boosting consumer price inflation
Read Article
The new generation of Multivac thermoforming machines is now available for all application- and performance classes. In Hall 05, booth C23 / D24, Multivac is presenting its range from the high performance machine R 535, the flexible design R 245 and the compact R 145 to the economy model. The R 175 CD is also part of the new generation, a new compact machine for Darfresh packages with films by Cryovac.
Read Article
Consumer inflation will likely remain in the range of 2.5-4.0% for some time, but, in order to prevent it from accelerating further than that, interest rates should be raised sooner rather than later, member of the Monetary Policy Council (RPP) Halina Wasilewska-Trenkner, seen as a "hawk," said in an interview with the daily Rzeczpospolita .
Read Article
AUSTRIANS love to complain, but when
it comes to their economy even they
admit that they are currently grumbling at
a high level. After years of catching up
with their wealthy European neighbours,
they seem to have arrived: leaving aside a
handful of countries like Switzerland, Norway
and the newly rich Ireland, Austria is
up there with the best of them (and, gratifyingly,
slightly ahead of Germany). For
most of the past ten years average GDP
growth, at 2.3% a year, has been faster than
the EU’s. Last year’s solid 3.3% could be
matched this year, though next year things
are likely to slow down a bit.
Read Article
