National Bank Of Belgium News
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Belgium almost erased its trade deficit in March, the National Bank of Belgium said.
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Belgian business confidence rebounded in April from a 3 1/2-year low in the prior month as gains in the manufacturing industry offset deterioration elsewhere in the economy.
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Credit Suisse Group AG and Texas- based Lone Star Funds will pay 6.7 billion euros ($8.7 billion) for the assets of Royal Park Investments SA, a vehicle set up to manage toxic assets of failed Belgian bank Fortis.
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Belgium’s budget deficit surpassed the European Union’s target last year as a shrinking economy curbed tax revenue growth and taxpayer funds were used to replenish Dexia SA’s capital following its dismantlement.
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Belgium will cut spending, raise taxes and sell state assets as part of a 2013 budget deal that aims to reduce debt to 100 percent of gross domestic product, the government said.
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Belgian business confidence unexpectedly fell to a 3 1/2-year low in March, mirroring a decline in Germany, as demand prospects worsened among executives in all industries surveyed.
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Belgian consumer confidence fell to a three-month low in March as concerns about unemployment reached the highest level in more than three years amid a worsening economic outlook.
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Belgian business confidence in December rose more than expected as executives in the construction industry were more optimist about demand.
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Following is a summary of the September federal budget balance from National Bank of Belgium in Brussels:
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Following is a summary of the August federal budget balance from National Bank of Belgium in Brussels:
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