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Another year passed by. Another year devolved in expectation for resumption that finally takes place, totally devoted to open new markets, despite the global uncartainity that placed hot areas just in the middle of growing countries. In the sector of machine tools, despite the global decrease of sales, European companies improved the result of 2016, breaking again the wall of 24 billion euro, with an annual growth of 2% that leads total turnover to 24.4 billion euro. At the same time, European companies pointed hard on new technologies, chasing innovation included in the induction of Industry 4.0 and AI. Germany stands firmly in its MT producer leadership position, securing 46.4% of the CECIMO MT production, followed by Italy and Switzerland, with 21% and 11%, respectively.According to Cecimo, European companies exported 18.3 billion euro worth machine tools, mainly to China (14.9%) and US (10.5%), although, the trade within European countries remains the most important 41.5% of our...


World Steel Association reports in May poduction increasing by 2.6% and plants productivity filled at 79.5%.




US economic growth was much slower than expected in the first quarter. The Commerce Department revealed its final estimate for GDP, which seemed to show that things were not going...




The consortium developing Azerbaijan's vast gas reserves officially announced on Friday that it has chosen the Trans Adriatic Pipeline TAP to ship natural gas to Europe. It was a...




Unemployment in the eurozone reached a record high in May. But the latest figures show vast differences in jobless rates around the region: Austria and Germany have the lowest at 4.7...




The eurozone's downturn has eased slightly, but businesses continue to suffer from a chronic lack of new orders, which should inhibit any meaningful near-term recovery. As a result the...




For the 10th month running Hungary's central bank has reduced its main interest rate by 0.25 percent. It is now at 4.5 percent, down from seven percent, with further cuts expected. The...




With their latest legal challenge dismissed, the unions for workers at PSA Peugeot Citroen's Aulnay plant near Paris have accepted its closure and the loss of up to 8,000 jobs. The...




In April, inflation in Germany slowed to its lowest level in two and a half years. The cost of living in Europe's largest economy increased by 1.2 percent from April last year. That...


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