Tue, May 22 2012

Euro zone, EU GDP up by one per cent in Q2 2010

Thu, Sep 02 2010 13:06 CET

byClive Leviev-Sawyer

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Euro zone, EU GDP up by one per cent in Q2 2010

Photo: Assen Tonev

Gross Domestic Product (GDP) increased by one per cent in both the 16-member euro zone and across the 27 member states of the European Union during the second quarter of 2010, compared with the previous quarter, according to first estimates released by Eurostat, the EU's statistics office.

In the first quarter of 2010, growth rates were 0.3 per cent in both zones, Eurostat said on September 2 2010.

Compared with the second quarter of 2009, seasonally adjusted GDP increased by 1.9 per cent in both the euro area and the EU27, after increasing 0.8 per cent and 0.7 per cent, respectively, for the previous quarter.

During the second quarter of 2010, household final consumption expenditure increased by 0.5 per cent in both the euro zone and the EU27 (after increasing 0.2 per cent and 0.1 per cent, respectively, in the previous quarter).

Investments increased by 1.8 per cent in the euro area and by 1.7 per cent in the EU27 (after decreasing 0.4 per cent and 0.6 per cent, respectively).

Exports increased by 4.4 per cent in the euro area and by four per cent in the EU27 (after increases of 2.4 per cent and per cent). Imports increased by 4.4 per cent in the euro zone and by four per cent in the EU27.

In the United States, GDP increased by 0.4 per cent during the second quarter of 2010, after rising 0.9 per cent in the first quarter of 2010.

In Japan, GDP increased by 0.1 per cent in the second quarter of 2010, after increasing 1.1 per cent in the previous quarter.

Compared with the second quarter of 2009, GDP increased by three per cent in the US (after adding 2.4 per cent in the previous quarter) and by 1.9 per cent in Japan (after an increase of 4.4 per cent)

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Appointments

Employment Agency

Employment Agency

Kamelia Lozanova has been appointed the executive director of the Employment Agency, a position she has held ad interim since September 2011, following the resignation of her predecessor Rossitsa Stelianova. Prior to that, Lozanova was the agency's deputy executive director in charge of international projects and European programmes. She has been with the agency for more than 20 years. Lozanova has a degree in Slavonic philology from the St Kliment Ohridski University of Sofia.

Uniqa

Uniqa

Gloria Dimitrova has been appointed executive director and member of the managing board at Uniqa Life Insurance Bulgaria. Dimitrova began her career in 1998 at the insurance supervision directorate, but moved to the private sector and worked for professional services and insurance brokerage firm Marsh&McLennan and US insurer AIG, both in Bulgaria and the Middle East. She joined Uniqa as regional director for Sofia in 2010. Dimitrova has a degree in economics from the University for National and World Economy in Sofia and a master's degree in insurance from the Business Academy in Svishtov.

Beiersdorf

Beiersdorf

Bedros Kalfayan, general manager of skin care and cosmetics company Beiersdorf Bulgaria, will oversee the parent's company units in Romania and Moldova starting April 1. Following company restructuring, Beiersdorf's subsidiaries in the three countries were merged and are now one unit, part of Beiersdorf Central and Eastern Europe. Kalfayan joined Beiersdorf in 2007 as sales manager and was promoted to general manager in 2008. Prior to that, he worked for Axxon Bulgaria, Ferrero and Rubella. Kalfayan has a master's degree in industrial management from the Technical University in Sofia.

Kamenitza

Kamenitza

Yassen Lyubenov is the new head of marketing at Bulgarian beer brewer Kamenitza. Lyubenov has 12 years of experience in marketing in the fast-moving consumer goods sector and has started his career as assistant brand manager at Kraft Foods Bulgaria. He later became brand manager at Wrigley Bulgaria, with responsibilities for Bulgaria and Macedonia. Prior to joining Kamenitza, he was senior marketing manager at Wrigley Russia, where he was in charge of brand expansion into Ukraine, Belarus, Central Asia and the Caucasus. Lyubenov has a bachelor's degree in international business administration from the University of Lincoln, UK.

Hewlett-Packard

Hewlett-Packard

Sasha Bezuhanova has been appointed Hewlett-Packard public sector director for emerging markets, where she will oversee HP public sector activities in 63 countries, including Bulgaria. Bezuhanova will also be in charge of HP's relations with the European Union. Bezuhanova has been HP's public sector director for Central and Eastern Europe since 2008; before that she was general manager of HP Bulgaria since 1998. Bezuhanova has a master's degree in electronics from the Technical University in Sofia and has completed a managment programme at INSEAD.

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