Germany's economy grows strongly in Q1 2017May 12, 2017 - 16:42 AMT PanARMENIAN.Net - Germany's economy grew strongly in the first three months of this year, driven by investment and consumption, official figures show, according to BBC News. First-quarter GDP growth was 0.6%, faster than the October-to December 2016 figure of 0.4%. Household and state spending were strong, while firms invested money in construction and equipment, said German statistics authority Destatis. Foreign trade also helped, as exports increased faster than imports. Germany has the largest economy in the eurozone and its performance is in marked contrast to that of other big countries, such as Italy and France. However, its relative strength has prompted concern in Brussels. In February, the European Commission said Germany's current account surplus - which measures the balance of goods, services and investments into and out of the country - was too big. It said that cutting that surplus would help the whole of the eurozone. Related links: Top stories 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. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Moscow slams EU mission in Armenia for “provocative activity” The EU mission is doing more and more against Armenia’s neighbors Russia, Azerbaijan and Iran, Mikhail Galuzin said. Yerevan Mayor to travel to Paris on May 15-19 The official delegation headed by Yerevan Mayor Tigran Avinyan will travel to Paris from May 15 to 19. Armenia, India hold first defense consultations The meeting was attended by Indian Ambassador Nilakshi Saha Sinha and Defense Attaché Brigadier General Naveen Nijhawan. |