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Tag Archives: increase

Spain must increase indirect taxes: IMF

MADRID: The International Monetary Fund (IMF) has said that Spain should expand the indirect tax burden to boost the economy and put debt on a downward path. The IMF has recommended that Spain raise excise duties and environmental levies, and gradually phase out value-added tax (VAT) concessions. The Fund said in its 2015 Article IV consultation report for Spain that ... Read More »

Vietnam footwear ladder export increase by free trade agreements

HA NOI: Viet Nam is now the third largest exporter of footwear in the world, and it can increase its exports further by using opportunities provided by free trade agreements. Phan Thi Thanh Xuan, general secretary of the Viet Nam Leather, Footwear and Handbag Association (Lefaso), said Viet Nam was the world’s fourth largest footwear producer, after China, India and ... Read More »

Japanese carmakers increase Takata airbag recall

TOKYO: Japanese car giants Toyota, Nissan and Mitsubishi have expanded a recall of cars to replace airbags made by Takata. The recalls had initially been issued in North America, but have now been extended to the rest of the world. The carmakers said they were calling back a total of 3.2 million cars globally, affecting nearly 30 models. Last week, ... Read More »

Poland’s GDP increase by 3.7% in 2015: Economy Ministry

WARSAW: Poland’s GDP growth will likely measure 3.7% in 2015, with average annual inflation at negative 0.2%, the Economy Ministry said in a quarterly research report. “Q1 GDP readings were better than expected which allows for optimistic forecasts concerning the full year,” ministry analysts wrote. “We expect that GDP growth may exceed the level set in the budget bill.” Poland’s ... Read More »

Demand for gold expects to increase ahead of Ramadan in Jordan

AMMAN: The current “modest” demand for gold is expected to witness a “sharp increase” over the next two weeks before the fasting month of Ramadan begins, a sector leader said Saturday. Jordan Jewellers Association Secretary Rebhy Allan linked the expected rise in demand to the rush to hold parties and weddings before Ramadan, as well as the end of final ... Read More »

Portugal reports increase of 3.9% in online tax filing

LISBON: From June 1, 2015, The Portuguese Government announced that five million tax returns were submitted via the internet this year  a marked increase on 2014 levels. The tax agency received 3.2m tax returns covering employment and/or pension income via the internet by the April 30 deadline. This represents a 3.9 percent increase compared with last year. In addition, 1.7m ... Read More »

Poland, Jordan to increase business cooperation which currently stands at $80m

AMMAN: Ties between Jordan and Poland are growing in all sectors, with the potential to develop them further, according to Krzysztof Bojko, ambassador of the Republic of Poland to Jordan. Bojko said the bilateral trade volume has improved, currently standing at $80 million, with hopes that it will be better this year, as “Poland seeks to attract more Jordanian businessmen” ... Read More »

Poland, Jordan to increase business cooperation which currently stands at $80m

AMMAN: Ties between Jordan and Poland are growing in all sectors, with the potential to develop them further, according to Krzysztof Bojko, ambassador of the Republic of Poland to Jordan. Bojko said the bilateral trade volume has improved, currently standing at $80 million, with hopes that it will be better this year, as “Poland seeks to attract more Jordanian businessmen” ... Read More »

Jordanian QAIA sees increase in cargo traffic by 4.9% to 31,290 tons YTD

AMMAN: The Queen Alia International Airport’s (QAIA) has seen an increase in cargo traffic by 4.9 percent year-to-date (YTD), totaling at 31,290 tons between January and April 2015. According to a QAIA statement, the Kingdom’s prime gateway witnessed an 8.5-percent YTD decrease in the monthly passenger traffic (PAX) between January and April 2015, reaching 2,089,816 passengers, compared to 2,282,894, during ... Read More »

Hungary’s 90% of banks commit to increase lending: MNB

BUDAPEST: Roughly 90% of banks in Hungary said they are willing to increase their lending activity, chiefly among SMEs, in response to the Hungarian government reiterating statements that the extraordinary tax on the banking sector would be lowered in favor of banks lending more. Increased lending activity is the “missing link”, National Bank of Hungary (MNB) managing director Márton Nagy ... Read More »

Polish exports increase by 11.1% YoY totaled €14.98b in March

WARSAW: Polish exports increased by 11.1 percent year-on-year and totaled €14.98 billion in March, according to the Export Credit Insurance Corporation (KUKE). It has increased export growth forecasts for this year to 13.4 percent. Exports grew by 9.2 percent on a monthly basis, KUKE also reported in a press release. The value of exports denominated in Polish currency amounted to ... Read More »

Polish exports increase by 11.1% YoY totaled €14.98b in March

WARSAW: Polish exports increased by 11.1 percent year-on-year and totaled €14.98 billion in March, according to the Export Credit Insurance Corporation (KUKE). It has increased export growth forecasts for this year to 13.4 percent. Exports grew by 9.2 percent on a monthly basis, KUKE also reported in a press release. The value of exports denominated in Polish currency amounted to ... Read More »

Greece’s 8.4% increase in electricity demand inQ1 2015

ATHENS: The partial rather than complete lifting of distortions in the electricity market has worked in favor of imports and has not produced an increase in lignite use, as expected, the official data of the Public Power Corporation and the Hellenic Electricity Market Operator (LAGIE) showed for 2014 and the first quarter of 2015. The 8.4 percent year-on-year increase in ... Read More »

Amazon to increase 12,000 jobs in Poland within 3 years

WARSAW: American electronic commerce company Amazon plans to increase employment in Poland to 12,000 within three years in order to have 4,500 stable employees and 7,500 seasonal workers, Amazon’s operating director in Poland Kerry Person said in an interview for the daily Rzeczpospolita. The company has long-term plans in Poland, he said adding that the company appreciates Poland for its ... Read More »

Amazon to increase 12,000 jobs in Poland within 3 years

WARSAW: American electronic commerce company Amazon plans to increase employment in Poland to 12,000 within three years in order to have 4,500 stable employees and 7,500 seasonal workers, Amazon’s operating director in Poland Kerry Person said in an interview for the daily Rzeczpospolita. The company has long-term plans in Poland, he said adding that the company appreciates Poland for its ... Read More »

Hungary export may increase 15-20%, amid EU-US trade agreement

BUDAPEST: Hungary’s Foreign Minister Péter Szijjártó said that a good free trade agreement could result in a 15-20% increase in Hungarian exports to the US and 20-30,000 new jobs, he added. Hungary would likely benefit from any impending EU-US free trade agreement, another official of the employers’ confederation MGYOSZ said. MGYOSZ board member Miklós Horváth told public news channel M1 ... Read More »

Portugal’s rail passengers increase by 1.1% in Q1-2015

LISBON: The Portuguese National Statistics Institute (INE) said on Tuesday that rail passengers, including Lisbon and Porto metros, continued to increase in 2014, but at a slower rate, climbing 1.1% in the last quarter of the year and 1.7% overall. The INE said that there were 32.7 million passengers in the last quarter of last year. The metros carried 50.4 ... Read More »

Attica region expects increase in number of Russian tourist during summer 2015

ATHENS: The Greece and Athens in particular is expecting increase in the Russian tourists during this summer season, according to associate tourism consultant Thodoris Angelopoulos. The information was released after the latest contact with tour operators during the Greek Prime Minister’s visit as well as the MITT tourism exhibition in Moscow. The Russian Sailing Association made the decision to organize ... Read More »

VAG to increase market shares in Poland in 2015

WARSAW: Vienna Insurance Group (VAG) plans to increase its market share in Poland in 2015.In 2014 VIG Polska suffered a gross written premium decline to PLN 4.56 billion from PLN 5.22 billion in 2013, with the group’s market share slipping to 8.3% from 9%. Premiums in the property segment decreased by 2% to PLN 2.33 billion, while in life – ... Read More »

South Africa trade deficit narrows as oil imports decline and gold, diamond exports surge

SEOUL:  South Africa’s trade deficit narrowed as oil imports fell and gold and diamond exports increased. The trade gap shrank to 8.5 billion rand ($700 million) from a record 24.2 billion rand in January, the Pretoria-based Revenue Service said in an e-mailed statement on Tuesday. The median estimate of 17 economists surveyed by Bloomberg was for a shortfall of 5.7 ... Read More »