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EU15 current account surplus 14.7 bn euro

5.9 bn euro surplus on trade in servicesThe EU15 external current account recorded a surplus of 14.7 billion euro in the third quarter of 2002, as compared with a deficit of 0.5 billion euro in the th ...

World Bank sees sluggish economic outlook

, with slower growth in the next 12 to 18 months than previously anticipated, will impede poverty reduction in developing countries, according to a new World Bank report. Action to remove barriers to ...

Golf course in former tabacco plant

Playing golf in a former tabacco plant. The canteen of the former tabacco plant of Van Nelle in Rotterdam will be transformed in to an indoor practice range, at least, if business man Peter Floor will ...

NYC mayor has $11 bln dream to galvanize Manhattan

New York City´s mayor on Thursday outlined his $10.6 billion vision to galvanize struggling lower Manhattan, drawing residents, tourists, and foreign firms by offering federal tax breaks and ...

Unemployment benefits continue to rise

At the end of the third quarter of 2002, 184 thousand people were claiming unemployment benefit, 20 thousand more than one year previously. In the second quarter the increase on one year previously wa ...

Production in the construction sector down by 0.8% in euro-zone

Down by 0.2% in EU15Seasonally adjusted production in the construction sector decreased by 0.8% in the euro-zone and by 0.2% in the EU15 in the third quarter of 2002, compared to the second quarter of ...

NYC office market: rents and occupancy rates fall in November

The latest study by real estate brokerage firm Colliers ABR showed occupancies and rents continued to slide last month. Robert Sammons, director of research at Colliers, said the situation will likely ...

ECB revises GDP growth figures for Euro-zone downwards

A first estimate released by Eurostat indicates that quarter-on-quarter real GDP growth was 0.3% in the third quarter of 2002. This was towards the lower end of expectations.Recent survey data suggest ...

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