Corporation News

Inflation in Europe, which is now officially in recession, is its lowest level for October of nine months since it appears from Eurostat data.

The increase of consumer prices was 3.2 percent for October on an annual basis (after 3.6 percent growth in September and 3.8 percent in August). This is the lowest level of January 2008
(more…)

The sequential shake the financial market, which destroy the American market levels by 2003 and sweep Asian indices today, it has devastating effect on markets in Europe.

Index markets on the continent is literally melted in early trading today, according to analysis by Bloomberg only yesterday and today has lost market capitalization of companies in the world worth over 5 trln. dollars.
(more…)

Macedonian newspaper “Utrinski vesnik” wrote the paper, referring to the Association of British Travel Agency, which says that the British have already started to avoid their annual summer vacation destinations for Greece as Spain and France and towards the countries of Southeastern Europe and North Africa.

(more…)

For the first time, the credit agency Moody’s Investors Service has declined for the last quarter of the year more ratings of companies in Eastern Europe than increased since the financial crisis in the U.S. has become ever more global dimensions, said Bloomberg.
(more…)

Serbian National Air JAT Airways will be offered for sale at auction by the end of July, said Executive Director of the company Sasha Vlaysavlevich, said Bloomberg, referring to a publication on the site B92.
(more…)

Russian oil company Rosneft is interested in the processing and sale of oil in Eastern Europe, said yesterday the company’s head Sergei Bogdanchikov World petroleum Congress, which was held in Madrid, cited by RBK Daily.

In his words, provides for the establishment with foreign partners to take full cycle from mining to processing of oil, and later transport of raw material to the end user.
(more…)