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VIENNA, Jan. 7 (Xinhua) -- Analysts from Bank Austria are expecting an economic growth of 2.9 percent in Central and Eastern Europe (CEE) in 2013, the bank said on Monday.The growth rate is lower than the previous estimate of 3.1 percent but higher than the 2012 figure of 2.5 percent, largely be driven by stronger external demand, low interest rate......
BRUSSELS - China's Hainan Airlines is starting to build a five-star hotel in this Belgian capital with a total investment of 50 million euros ($65.8 million). A ceremony to mark the groundbreaking was held on Monday, and completion is targeted for mid-2013. The move came after the airline was ranked as one of the world's five safest in 2011. "We ha......
Beijing – European luxury brands may be all smiles as the weakening euro gives them opportunities to increase prices, said industry insiders.The luxury sector could be a big potential winner of a falling euro which makes price rises possible to preserve brand value, said a recent report by World Luxury Association (WLA)."Hiking prices is a common ......
ROME, Feb. 13 (Xinhua) -- Over the past 35 years, International Fund for Agricultural Development (IFAD) has been active in raising fund, promoting global agricultural cooperation, supporting grain production in developing countries and improving nutrition for the poor, Chinese Vice Premier Hui Langyu said here on Wednesday.Attending the opening ce......
China will play responsible role in helping continent, bank official saysChina is confident that Europe will overcome its problems and will continue to invest part of its foreign exchange reserves in European bonds, a senior central bank official said on Monday."We believe that Europe will ultimately overcome the debt crisis through their own effor......
BEIJING - China on Thursday called on the European Union (EU) to take seriously the concerns of the international community on its carbon emissions charges, warning the 27-nation bloc not to complicate the matter.Chinese Foreign Ministry spokesman Hong Lei made the appeal at a regular press briefing in response to a question regarding the EU Commis......
German firm aims to utilize funds to build new facility in Jiangsu province SHANGHAI - The German specialty chemicals company Lanxess AG announced on Thursday that it will issue Chinese offshore renminbi-dominated bonds in Hong Kong worth 500 million yuan ($79.4 million) to build a new leather chemicals plant in Changzhou, Jiangsu province and a ne......
BEIJING - Premier Wen Jiabao will begin his tour to four European countries on Saturday to further enhance economic ties with the European Union. The eight-day trip will include visits to Greece, Italy and Turkey, as well as a stop in Belgium for the 8th Asia-Europe Meeting and the 13th China-EU Summit. In Athens, Wen's first port of call, discussi......
Maria Saranti, consul general of Greece in Shanghai, shakes hands with a Chinese border control officer on Thursday, Sept 30, 2010 in front of the Chinese-built ship Proteas at Nanjing Port in Jiangsu province. The ship departs for Greece on Friday, Oct 1, 2010. [Photo by Xu Bo / For China Daily]ATHENS, Greece - Greece will regain its economic......
ATHENS - Greek Parliament President Philippos Petsalnikos on Thursday met with Chen Zhili, vice chairwoman of the Standing Committee of National People's Congress (NPC), China's top legislature, with both sides pledging to enhance bilateral relations and cooperation between the two parliaments.Petsalnikos said that since Chinese President Hu Jintao......