CEI

Confederation Europeenne de l'Immobilier European Confederation of Real Estate Agents
19 Feb 2015

Euro area annual inflation down to -0.6%

Euro area annual inflation is expected to be -0.6% in January 2015, down from -0.2% in December 20143, according to a flash estimate4 from Eurostat, the statistical office of the European Union. This negative rate for euro area annual inflation in January is driven by the fall in energy prices (-8.9%, compared with -6.3% in December). Prices are also expected to fall for food, alcohol & tobacco (-0.1%, compared with 0.0% in December) and non-energy industrial goods (-0.1%, compared with 0.0% in December). Only prices for services are expected to increase (1.0%, compared with 1.2% in December). See full report of EUROSTAT: http://ec.europa.eu/eurostat/documents/2995521/6581740/2-30012015-BP-EN.pdf/d776fbcc-89b2-4bae-beb0-ad30fa709244

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19 Feb 2015

First time release of data on NPL

Eurostat, the statistical office of the European Union, publishes1 for the first time today relevant information on contingent liabilities and non-performing loans of government. These data have been provided by the EU Member States in the context of the Enhanced Economic Governance package2 (the “six pack”). The contingent liabilities published in this release include government guarantees, liabilities related to publicprivate partnerships recorded off-balance sheet of government and liabilities of government controlled entities classified outside general government (public corporations). The liabilities are called “contingent” in the sense that they are by nature only potential and not actual liabilities. Non-performing loans could imply a potential loss for government if these loans were not repaid. Thus, this new data collection represents a step towards further transparency of public finances in the EU by giving a more comprehensive picture of EU Member States’ financial positions3. Due to their characteristics, data are country specific and closely linked to national particularities regarding the economic, financial and legal structure of the country. Furthermore, data coverage is not complete for all the Member States, as indicated in the attached country footnotes. For these reasons, data presented in this news release should be interpreted with caution. In particular, for the liabilities of public corporations, the data comparability is very limited due to the fact that for some Member States data reported is not exhaustive, in some cases not including the liabilities of financial institutions and/or the liabilities of units controlled by local government. Several other aspects should be taken into account when analysing the results of the liabilities of public corporations. Firstly, the data reported for liabilities of public corporations are not consolidated, which means that part of the liabilities of these units could be towards entities in the same company group. However, the liabilities between units in the same group are not identifiable from the data reported. Secondly, the data collection only refers to liabilities without balancing them with the assets. This aspect is very important in the case of financial institutions which normally have both significant amounts of liabilities and assets. Additionally, for some of the Member States, most of the liabilities reported by financial institutions concern deposits. Source and see more: http://ec.europa.eu/eurostat/documents/2995521/6616449/2-10022015-AP-EN.pdf/d75df6fe-100b-4ae7-a09e-00400edb183a

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19 Feb 2015

GDP up by 0.3% in the euro area and by 0.4% in

Seasonally adjusted GDP rose by 0.3% in the euro area1 (EA18) and by 0.4% in the EU281 during the fourth quarter of 2014, compared with the previous quarter, according to flash estimates2 published by Eurostat, the statistical office of the European Union. In the third quarter of 2014, GDP grew by 0.2% in the euro area and by 0.3% in the EU28. Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.9% in the euro area and by 1.3% in the EU28 in the fourth quarter of 2014, after +0.8% and +1.3% respectively in the previous quarter. During the fourth quarter of 2014, GDP in the United States increased by 0.7% compared with the previous quarter (after +1.2% in the third quarter of 2014). Compared with the same quarter of the previous year, GDP grew by 2.5% (after +2.7% in the previous quarter). Over the whole year 20143, GDP rose by 0.9% in the euro area and by 1.4% in the EU28. See more: http://ec.europa.eu/eurostat/documents/2995521/6625198/2-13022015-AP-EN.pdf/6f7a18eb-0b2a-466b-b444-4d240889a723

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19 Feb 2015

Production in construction down by 0.8% in euro area

In December 2014 compared with November 2014, seasonally adjusted production in the construction1 sector fell by 0.8% in the euro area2 (EA18) and by 0.5% in the EU282, according to first estimates from Eurostat, the statistical office of the European Union. In November 20143, production in construction fell by 0.5% in both zones. In December 2014 compared with December 20134, production in construction fell by 3.5% in the euro area and by 0.5% in the EU28. Average production in construction for the year 2014, compared with 2013, increased by 2.0% in the euro area and by 3.0% in the EU28. See more: http://ec.europa.eu/eurostat/documents/2995521/6639446/4-18022015-AP-EN.pdf/ed3e8778-2a1e-4f70-9234-252b6be80b73

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19 Feb 2015

A further 18 Rural Development Programmes get green light

The European Commission has approved a further 18 Rural Development Programmes (RDPs) aimed at improving the competitiveness of the EU farming sector, caring for the countryside and climate, and strengthening the economic and social fabric of rural communities in the period until 2020. These 18 programmes will see funding worth 14.3 billion EUR from the EU budget, which will be co-financed by further public funding at national/regional level and/or private funds. Coming after the 9 programmes cleared in December, today's adoptions bring the number of approved RDPs up to 27 (out of 118 programmes), meaning that programmes worth more than 35 billion EUR (roughly 36% of the budget) have now been approved. For further information see: http://europa.eu/rapid/press-release_IP-15-4424_en.htm

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