Germany's trade surplus widens to new recordJuly 9, 2015 - 14:12 AMT PanARMENIAN.Net - Germany's trade surplus widened to a new record in May as exports from Europe's largest economy increased strongly, outpacing a rise in imports, the Associated Press reports. The Federal Statistical Office said Thursday, July 9, that exports rose 1.7 percent in May over April to 102.1 billion euros ($112.56 billion), when adjusted for calendar and seasonal factors. Imports rose 0.4 percent to 79.3 billion euros, for a surplus of 22.8 billion euros. The previous record of 22.3 billion euros was set last month. In unadjusted terms compared to May 2014, Germany's exports grew 6.2 percent in the European Union overall, with 5.1 percent growth to countries using the euro currency and 8.2 percent growth to those not. Exports outside the EU grew 2.3 percent. Imports were strongest from eurozone countries, with 5.5 percent growth. Photo: CNN Money Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |