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European Economy News

Data

Euro Unemployment Rate_10-15-12
 
Euro Area Unemployment Remains at 11.4 Percent
euro industrial production 10-15-12
 
Euro Area Industrial Production Up 0.6 Percent

Commentary

 

Annual Review & Outlook 2013: Ceres Terminals

Thomas J. Simmers, President and CEO
The state of some of the economies around the globe is a major challenge facing the maritime industry this year.
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News & Analysis

 
EU's Trade Surplus Expanded in March
16 May 2013
The European Union’s trade surplus expanded to €15.8 billion (appoximately US$20.4 billion) in March....
 
Germany's Imports, Exports Fell in March
15 May 2013
In March, Germany exported €94.6 billion (about US$121.8 billion) worth of goods and imported $97.6 billion worth of goods.
 
Croatia Set to Join EU in July
18 Apr 2013
Croatia is on track to become the European Union’s 28th member state on July 1, according to EU member states in their last resolution before the nation is scheduled to join.
 
Cyprus Says Crisis Won't Impact Key Shipping Sector
28 Mar 2013
Cyprus sought to play down fears that its financial crisis would hit the Mediterranean island’s large shipping registry and the ship-management industry.
 
Norbert Dentressangle’s Profit Jumps 18 Percent
27 Feb 2013
Norbert Dentressangle reported its net income in 2012 was €74.7 million (about US$97.8 million), jumping 18 percent year-over-year from $82.9 million.
 
Report: European Exports to Rise 9.3 Percent in 2013
25 Feb 2013
The North European edition of the Global Port Tracker predicted that total European imports will decrease by 3.2 percent to 20.2 million 20-foot-equivalent units in 2013, while exports are forecasted to rise...
 
EU’s Deficit Almost $140 Billion in 2012
15 Feb 2013
During 2012, the 17-member eurozone trade in goods recorded a surplus of 81.8 billion euros (about US$109.3 billion), compared with a $21.0 billion deficit in 2011, according to Eurostat...
 
IAG Begins Process to Cut 3,807 Iberia Jobs
12 Feb 2013
London-based International Airlines Group, the merged British Airways-Iberia Airlines carrier, today initiated the process to eliminate 3,807 jobs at Iberia, in an effort to restructure the unprofitable...
 
Cargotec’s Profit Plummeted 75 Percent in 2012
12 Feb 2013
Cargotec, a Finnish company that manufactures cargo-handling machinery, reported that net income in the fourth quarter of 2012 was 8.7 million euros (about US$11.7 million)...
 
Lithuania Supports Implementing EU-Ukraine FTA Even Before Ratification
06 Feb 2013
During a recent European Union General Affairs Council meeting in Brussels, Vytautas Leskevicius, Lithuania’s vice minister of foreign affairs, advocated for the implementation of the EU-Ukraine free trade agreement prior to its ratification.

Companies in the news

Ceres Terminals Inc.
Iberia Airlines
International Airlines Group
International Longshoremen’s Association
Norbert Dentressangle
Port of Antwerp
Port of Hamburg
Port of Rotterdam
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Economy Watch