europe tag news

Free Trade: EU launches negotiations with Armenia

The EU and Armenia held a preparatory meeting Thursday in Brussels as part of negotiations on establishing a free trade area EU-Armenia under the future association agreement, announced in Yerevan press service Armenian Ministry of Foreign Affairs. “During discussions, the parties noted the progress on the objectives and principles of the future agreement on issues of political dialogue, foreign policy and...

Janos Ader was elected president of Hungary

On Wednesday Janos Ader, a member of the European Parliament, was elected president by the Hungarian parliament, Xinhua reported referring to a statement of parliamentarians. The source said the new president was elected to parliament by 262 votes out of 386 possible, 40 deputies voted against. Janos Ader’s candidacy was proposed on April 16 by Prime Minister Viktor Orban of the country. The chairman of the...

G20: additional $ 430 billion to IMF

On friday rich countries and emerging G20 pledged in Washington to increase the financial resources of the IMF more than $ 430 billion. “There are firm commitments to increase resources available to the IMF more than $ 430 billion”, said the finance ministers in a statement issued after a meeting in Washington. In a separate announcement, the IMF has given the distribution of these commitments, the most...

Sharp decline in European stock markets in mid-session

PARIS (Reuters) – European shares declines sharply at mid-session Tuesday, after a long weekend by Easter, the statistical disappointing U.S. employment numbers in March and subdued China’s foreign trade darkening global economic outlook at the time opens in the U.S., the earnings season. In Paris, shortly before 13h, the CAC 40 lost 1.43% (47.37 points) to 3,272.44 points. In Frankfurt the Dax gave...

U.S. Banks Would Survive Severe Recession

Washington – President of the Federal Reserve, Ben Bernanke, said yesterday that the stress tests showed that the largest U.S. banks can withstand shocks from Europe. Bernanke told a committee of the House of Representatives that the U.S. banking system remained exposed to the problems of Europe. However, he added that the tests showed that these banks would be able to withstand a severe recession triggered by...

Moldova: Nikolae Timofti elected president

Nikolae Timofti, President of the Supreme Council of Magistracy of Moldova, was elected on March 16th president of the country by the parliament, reported the correspondent of local media on Friday. M.Timofti received 62 votes, 61 being necessary for election. The Communist Party, which has 39 of the 101 seats in parliament, boycotted the vote. Moldova was without a president since the spring of 2009. Since then, no...

The EU into battle against the mafia

The European Parliament plenary session in Strasbourg, approved the establishment of a parliamentary committee to assess the damage caused to EU countries by organized crime, corruption and money laundering,  reported a spokesman for the Parliament on Thursday. According to the interlocutor of the agency, this “anti-mafia commission,” whose activities will begin in April, must submit its first report...

Schengen: the accession of Bulgaria and Romania postponed

Meeting in Brussels, leaders of EU member countries have deferred to the September 2012 decision on the possible accession to the Schengen area of Romania and Bulgaria, Western agencies reported quoting the draft final declaration of the summit . Last year, taking the appropriate decision was postponed to March 2012. Both reports are linked to the opposition of the Netherlands who call Bucharest and Sofia to improve...

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