Economy of Canada

The Organization for Economic Cooperation and Development (OECD) has slashed its 2016 growth forecast for Turkey to 2.9 percent in its latest outlook, down from 3.9 percent in its previous estimate.

The Canadian mining group Eldorado Gold confirmed on Monday that it was resuming work at a controversial site in Skouries, Halkidiki, after the Environment Ministry approved a technical study for the project.

Canadian miner Eldorado Gold Corp on Monday said it will suspend its mine construction and development in Greece following a year of confrontations with the Greek government including permits being revoked and delayed by the state, according to Reuters.

A Greek top administrative court on Monday annulled the government decision to suspend Canadian Eldorado Gold’s mining operations in northern Greece. Eldorado had appealed to overturn a ban on its plans to develop a gold mine in a forested area of northern Greece in a case widely seen as a case of the leftist government contesting foreign investment.

In the euro area, in real terms, household income per capita increased by 0.1% in the second quarter of 2015, after an increase of 0.9% in the previous quarter.

Household real consumption per capita was stable in the second quarter of 2015, after an increase of 0.8% in the first quarter of 2015.

The workers of ‘Hellas Gold’, the subsidiary of Canadian gold mining company ‘Eldorado’, decided after a long union meeting to take action in protest against the Greek government’s decision to shut down the mining operations at Skouries, Chalkidiki, in northern Greece.

Croatia's government on Wednesday announced the winners of an on-shore tender for gas and oil exploration and exploitation in the continental Slavonian region of eastern Croatia, along the Sava and Drava rivers.

The Canadian gold mining company Eldorado Gold Corporation is ready to start a new gold mining project at Certej, in southern Transylvania, after completing a feasibility study.

The company intends to invest some $652 million US in extracting an estimated 44 million tonnes of ore from mine, worth some $3.2 billion US.

The Council of State, Greece’s highest administrative court, on Monday threw out a recent decision by a regional entity to block an enrichment plant at the controversial Skouries gold mine in northern Greece.

The high court said the decision was illegal and that construction of the unit by Hellas Gold, the subsidiary of Canadian multinational Eldorado Gold, can proceed.

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Enter Lululemon’s “ABC” men’s pants, which are turning out to be amongst the company’s best selling items.

ABC doesn’t involve the alphabet, by the way, but the term “anti-ball crushing”, as in testicles.