Spanish economy continues shrinking October 30, 2012 - 19:15 AMT PanARMENIAN.Net - Spain's economy has shrunk for the fifth quarter in a row, official figures showed, according to Belfast Telegraph. The National Statistics Institute said the country's economy contracted 0.3% in the third quarter compared with the previous three-month period. The drop was slightly less than the central bank's estimate last week of a 0.4% contraction. The economy contracted by 0.4% in the second quarter and 0.3% in the first quarter. The Spanish government is predicting the Spanish economy will shrink 1.5% this year and 0.5% next. Spain is in a double-dip recession and has a 25% unemployment rate. Prime Minister Mariano Rajoy said on Monday, October 29 that the country has no immediate need to ask for outside aid to help deal with its debts.   Top stories Azerbaijani authorities report that they have already resettled 3,000 people in the Nagorno-Karabakh town of Stepanakert. On June 10, Azerbaijani President of Azerbaijan Ilham Aliyev will leave for Turkey on a working visit. Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesArmenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats.Balance of attached cards in the Idram&IDBank app From now on, users will be able to view the online balances of cards issued by ArCa system banks and attached to the app. |
