The cabinet passed the 2009 budget draft stipulating for GDP growth of 4.8% vs. 5.0% envisaged in the June budget guidelines, the government press office said. The average annual inflation forecast has been retained at 2.9%.
Read Article
Group sales grew 30% to £2,191m including the benefit of the OI Plastics and Rostar acquisitions. Foreign
exchange, primarily the strengthening of the euro against sterling, contributed 5% growth while organic sales
growth (including pass through) was 8%.
Read Article
The Mayr-Melnhof Group stood its ground and continued growth in sales and
operating profit in the first quarter of 2008 in spite of the noticeable decline of the
general economic setting. At EUR 27.3 million profit for the period came in slightly
below last year’s level of EUR 28.7 million due to non-recurring effects.
Read Article
Poland’s economy proved resistant to stagflation trends and the worldwide financial crisis in Q1/2008, hence it may be expected to continue to grow rapidly - at 5.3% in 2008 and at 5.5% in 2009 compared to last year’s 6.6%, according to the quarterly report of the Centre for Social and Economic Research (CASE).
Read Article
The Polish government is to assume that growth will fall to 4.6 percent whilst inflation will reach 2.9 percent for budget purposes.
Read Article
Poland's economy will likely ease down to around 5.0% this year from last year's 6.5%. Direct impact of the US recession has so far been slim, but if the recession proves deeper, Poland's GDP growth could fall to 3.5-4.0% in 2008, Michal Szymanski, deputy head of the pension fund managing firm Commercial Union PTE, said on Wednesday.
Read Article
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
Disturbances originating in the US sub-prime mortgage market have widened to affect other markets, but the fundamentals for the EU8+2 are broadly unchanged, although the level of uncertainty has risen.
Read Article
