Europe

Danube becomes cleaner, but sewage remains a problem

Danube becomes cleaner, but sewage remains a problem Vienna  - Although the Danube is getting cleaner, the lack of sewage systems in Central and Eastern Europe continues to strain Europe's second longest river, a new study says.

In the upper stretch of the Danube in Germany and Austria, wildlife is disappearing because of river regulation, the International Commission for the Protection of the Danube River (ICPDR) said in its survey which it presented in Vienna on Thursday.

The study shows that the river is less polluted by chemicals than it was during an earlier study in 2001.

EU cuts growth estimates to 1.4 per cent

Brussels - EU cuts growth estimates to 1.4 per centWarning of tough times ahead, the European Commission on Wednesday cut the EU's 2008 growth estimates for a second time in seven months - this time to 1.4 per cent.

The EU's executive arm had previously forecast a Gross Domestic Product (GDP) growth rate for the 27-member bloc of 2.0 per cent. The commission's February interim estimate had in turn been revised down by about half a percentage point from its November forecast.

GDP for the 15-member eurozone was similarly revised down, from 1.7 per cent to 1.3 per cent, in line with analysts' expectations.

EADS accelerates cost-saving programme

EADS GroupParis - European aerospace giant EADS has expanded its Power 8 cost-saving programme to counteract the weakness of the dollar against the euro, the French daily Le Monde reported Tuesday.

Unlike the original plan, which was created in response to losses suffered by the EADS subsidiary Airbus because of problems with its A 380 superjumbo, the new "Power
8 plus" programme involves the entire company and is to save it 1 billion euros (1.41 billion dollars) beginning in 2010.

EU to challenge Germany's "VW law" in court, again

VW sales slump in JulyBrussels  - The European Commission is to take Germany to court over its failure to modify the so-called "Volkswagen Law," which has been found to break the European Union's competition rules, officials in Brussels said Tuesday.

A spokesman for the EU's internal market and services commissioner, Charlie McCreevy, said the commissioner planned to make a proposal to this effect "as soon as possible."

The EU executive had asked Germany to amend the law in the light of an October ruling by the European Court of Justice, which had found that the 48-year-old legislation breaks EU rules.

OSCE Report: Poor rule of law still plagues Kosovo

serbia, kosovoPristina - Kosovo, which declared independence from Serbia in February afte

US bailout bumps up Central European markets

Vienna  - Central European shares rose Monday, paced by financial companies, after the US government seized control of two troubled lenders that underpin the country's home loan market.

The Warsaw stock exchange's WIG20 blue-chip index was up 2.65 per cent to 2,569.62 points at mid-day. Benchmark indices in the Czech Republic and the Baltic nations also gained.

"The chief reason is the US government's bailout of Fannie Mae and Freddie Mac," said Roman Kodera, chief broker at Patria Online in Prague. "Investors in the banking sector see it as positive information."

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