Es-Sider oil port restarts exports

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Source: Marketwatch

Es-Sider, Libyan biggest oil port, has resumed loadings after disruptions caused by civil war in the country, reported head of local oil company. Before civil war, the port loaded about 447,000 barrels daily being of strategic importance for Libyan oil exports. Repair of the Es-Sider facility is likely to trigger recovery of the oil sector.

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Tue, 03 Jan 2012 10:36:10 GMT

Spanish jobless rate climbs for a fifth consecutive month

In December the registered unemployment level in Spain increased for a fifth straight month as the country is facing economic slowdown. The number of jobless individuals increased by 1,897 reaching 4.42 million in December, said Labour Ministry. In November the number of jobless soared by 59,536. Spanish economy is experiencing a contraction during last months as exports and tourism decline. 

Thu, 05 Jan 2012 09:47:06 GMT

Greece may need additional fiscal measures

Greece may need extra fiscal measures to comply with 2011 budget requirements, said the government spokesman. Moreover, the interim government developed 'very specific' measures to pursue the goal of staying in the Euro Zone, the official added.

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