Tag: World Bank

European airlines, biofuel producers and the European Commission signed up yesterday (22 June) to producing two million tonnes of biofuel for aviation by 2020 even as debate rages over how green such fuels actually are. 

As world leaders gather in Brussels for the 8th Asia-Europe Meeting (ASEM), The European Union has signalled that it is ready to shift its role in key global fora such as the IMF and the UN climate conference.

The World Bank, the European Bank for Reconstruction and Development and fund manager CRG Capital said today (11 January) they had launched a fund to buy toxic assets in Central and Eastern Europe hit by the global financial crisis.

With populations growing older, pension and health-care reforms are urgently needed to keep eastern European and former Soviet Union countries from running into long-term fiscal problems.

A majority of EU members rank in the top 40 best locations for doing business but regulatory reforms must be pursued to avoid Asia’s growing economies from overtaking.

The likely future head of the World Bank Paul Wolfowitz has agreed to meet EU representatives in Brussels to calm fears that he would take a hawkish line in his new role.

Poland's high unemployment rate may be influenced by the country's over-regulation, according to a new report by the World Bank. The report, which studies 133 countries, finds that Poland has one of the most regulated conditions for hiring new workers in the world.

The European Commission decided to fine five German banks a total of 100,8 million euro for allegedly fixing the charges for the exchange of euro-zone currencies.