Eurozone Records Slight Growth in Q4 2013 - Eurostat
The Euro area shows signs of recovery, recording a 0.3% growth in the gross domestic product in Q4 of 2013, according to data released by Eurostat Wednesday.
Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 0.5% in the Euro area.
Among Member States for which Eurostat data are available for Q4 of 2013, Sweden (+1.7%), the Czech Republic (+1.6%), Romania (+1.5%), Lithuania and Slovenia (both +1.2%) recorded the highest growth compared with the previous quarter. Cyprus (-1.0%), Denmark (-0.5%), Finland(-0.3%) and Estonia (-0.1%) registered decreases.
Economy's driving force in Q4 were investments which increased by 1.1%, according to Eurostat data. Consumption recorded a slight increase by 0.1%.
- » Sofia Heating Utility CEO Dismissed over KTB Assets
- » Bulgaria's Globul Loses Profit and Revenue
- » Turkey OKs South Stream Environmental Impact Assessment
- » Over BGN 1 B Withdrawn From Bulgarian Banks In June
- » Bulgaria's Sunny Beach – Cheapest EU Tourist Destination for Brits
- » Bulgaria's PM Plamen Oresharski Resigns