Euronomics

German Economy Booming

2011-02-04T04:50:00.001-08:00

Unlike many of its closest neighbours, the German economy is booming and it
rose by 3.6% in 2010 as German consumer confidence soared. In the engineering
sector, Siemens reported huge profits last year and said forecasts for
future sales
were promising, which is helping to drive the German economy strongly forward.
Manufacturing orders rose at an even faster rate than previously
predicted due to a
strong demand for goods outside the Eurozone. Even the austerity measures such
as cuts in tax benefits and social security contributions that were
introduced at the
beginning of 2011 have failed to slow economic growth.

European Unemployment at 10%

2011-02-04T04:49:00.001-08:00

Figures show that the rate of unemployment in Europe remained at 10% in
December. It is estimated that there are currently 23 million people
out of work in
the EU, although this figure has fallen by 19,000 since November. The German
economy continues to grow and the unemployment figures for Europe were boosted
by the lowest unemployment rate in Germany since 1992. There was also some
improvement in Republic of Ireland, but other countries such as Czech Republic,
Hungary, Poland and Denmark fared less well with figures showing a rise in
unemployment, and in Italy, unemployment is at 29% amongst 15-24 year olds.

Rising Inflation in Euro Zone

2011-01-14T12:11:00.001-08:00

According to official figures just released, inflation in the euro
zone rose to 2.2% at the end of last year, largely as a result of
rising fuel costs having a knock on effect on food production and
delivery costs, as well as transport costs. Fuel costs have risen a
massive 11% compared to the same period last year and experts warn
that European Union members are likely face a continuing hike in
prices. Of all the EU countries affected by rising costs, Estonia
suffered the greatest with the highest rate of inflation at 5.4%.
Slovakia was the lowest at 1.2%.

Interesting Facts About European Business Opportunities

2011-01-12T16:01:00.001-08:00

Any company knows that going world wide is the best way to raise profits. Reaching more consumers is a great way to allow for growth and expansion of sales. One place that is excellent for these types of opportunities is Europe. Because of the diverse cultures and many people in these cultures, the European business opportunities are widespread and always active.
Those company owners that deal in domestic goods certainly have many doors waiting to be opened in the areas of Europe. The number of people living on this continent are far greater in comparison to some others is one reason why. Choose to check into the clientele you can stir up in Europe for a pleasant rise in your profits.
The food industry is always a great way to generate profits and doing so in a place with diverse tastes is even better for doing so. Those owners that deal in foods should check out the many opportunities in Europe. This would cover exports and imports of different foods and the resultant type businesses as well.
Another intense opportunity available in Europe is that of transportation. The provision of bus lines, cabs, and many other forms of traveling is a great open door for earning huge increases in the profit margins. If you run a transportation venture, you might consider moving some of it into the continent that has many travelers every day.
Caring for the elderly is a large part of every country and its inhabitants. The care home businesses designed to help families with providing the correct and best medical care for their elderly loved ones is indeed booming. Checking into the opportunities for these types of businesses for Europe is indeed worth the time in doing so.
Making the most of all profitable opportunities is what the most successful owners do. Never limit your clientele to those consumers in one area or you will also be limited in those profits you seek to gain.

Economic Growth in Europe Slows Down

2011-01-09T14:19:00.000-08:00

Europe’s economy shrunk even further than expected in the 3rd quarter
of 2010, according to figures just released. Growth was originally
estimated to be 0.4%, but in the end it was only 0.3%. This was mostly
due to a big slowdown in Germany, currently the biggest economy in
Europe, which saw a sharp decline in economic growth—0.7% in the third
quarter compared to 2.3% in the second quarter. Despite some signs of
recovery in Europe, the economy is still in a very fragile state and
as the debt crisis continues to bite ever deeper, many countries are
introducing harsh austerity measures.