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PRAGUE, Oct 14 (Reuters) - Disinflation pressures prevail in the Czech economy but a poor outlook for fiscal policy remains the main mid-term risk, central bank Vice-Governor Miroslav Singer said in a presentation to be delivered later on Wednesday. Annual inflation was at zero in September and price pressures remain subdued in an economy which had contracted by a record 5.5 percent in the second quarter. 'Various price areas show the prevalence of disinflationary pressures,' Singer said in the presentation. He later told a conference inflation would not be a threat for the next two years. 'I do not fear inflation over the next two years,' Singer said. Capacity utilisation fell by 25 percent globally and no inflation pressures threaten to appear until utilisation returns to the full, he said. He reiterated risks to the bank's... [read full story]
Turkey’s milk producers who applied to banks in order to survive the rapid decline in milk prices particularly in October last year are now unable to cover even the bank interest with their income despite the recovery in...
Kourou, French Guiana (ESA) Nov 23, 2009 - The site of a ground station for Galileo, Europe's global navigation satellite system, inside the Guiana Space Centre (CSG), near Kourou in French Guiana, was inaugurated on 19 November.
"We lived like fishes in the water. We were not lazy. We worked hard. We lived a very natural way of life by eating fish and green vegetables and fruits that was abundant in the forests. Nature was our refrigerator."
GALWAY, IRELAND -- (Marketwire) -- 11/22/09 -- Written by Martin Lynch, European Correspondent for Industrial Info (Galway, Ireland) -- The U.K. government has introduced a bill to Parliament that includes financial incentives...
