Germany more than doubles economic growth rate in Q1May 13, 2016 - 13:08 AMT PanARMENIAN.Net - Germany more than doubled its economic growth rate in the first quarter of the year according to official figures, BBC News reports. It grew by 0.7% between January and March, according to the federal statistics office, Destatis, compared with 0.3% in the final quarter of 2015. Annual growth in the eurozone's largest economy was estimated at 1.3% compared with a year ago. The figures come ahead of the release of a new estimate for first quarter GDP for the eurozone as a whole. Germany's trade surplus shrank after imports grew more quickly than exports over the period thanks to strong domestic demand. Destatis said that both private households and the German government increased their spending and investments were also higher. Mild weather helped to increase construction. The first growth estimate of the 19-nation eurozone bloc showed it as 0.6% stronger in the first three months of the year. Related links: Top stories 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". The earthquake caused a temporary blackout, damaged many buildings and closed a number of rural roads. Partner news | Czech-Armenian military cooperation discussed in Yerevan A delegation led by the Director General for the Industrial Cooperation Division of the Ministry of Defence of the Czech Republic visited Armenia. U.S. welcomes efforts to define Armenia-Azerbaijan border The United States welcomes efforts to define the border between Armenia and Azerbaijan, says Vedant Patel. Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. |