ROME Deion Jones Jersey , June 30 (Xinhua) -- The disposable income of Italian households and consumer spending both posted their biggest gains since 2011 in the first quarter this year, statistics agency ISTAT said Friday.
Disposable income rose by 2.4 percent in the first quarter compared to the same period in 2016, while consumer spending was up 2.6 percent year-on-year, according to ISTAT findings.
The national statistics agency said disposable income was up 1.5 percent in the first quarter compared to the previous quarter, and households' purchasing power rose by 0.8 percent with respect to the previous three months.
"Family purchasing power (2.4 percent on a yearly basis) and consumption (2.6 percent) are on the rise Keanu Neal Jersey ," Senator Andrea Marcucci from the ruling Democratic Party wrote on Facebook.
"Reforms are good for Italy...slowly the great work undertaken in three years by the government of (ex-premier Matteo) Renzi is emerging," the senator wrote.
Italy's deficit-to-gross domestic product (GDP) ratio stood at 4.3 percent in the first quarter, down from 4.9 percent in the same period last year, ISTAT also said in its Friday report.
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NICOSIA, Nov. 1 (Xinhua) -- Cyprus's international lenders have responded promptly to the eastern Mediterranean island's request for consultations on continuing its bailout program.
The state-run Cyprus News Agency said on Saturday that a team of troika technocrats -- the name by which the European Commission, the European Central Bank and the International Monetary Fund are known -- is expected in Cyprus on November 9 to consult with the Cypriot government.
Cyprus performed better than expected in applying an economic adjustment program agreed in a 10-billion-euro bailout deal in March 2013 Alex Mack Jersey , but it came close to being derailed when the opposition pushed through parliament framework legislation on repossessions, which the international lenders considered to be unacceptable.
Cyprus's High Court, in a unanimous decision on Friday, declared as unconstitutional four laws aimed at protecting week debtors against excesses by the banks, thus opening the way for the resumption of the bailout program.
The troika team is expected to discuss with Cypriot authorities new insolvency legislation currently being drafted Vic Beasley Jr. Jersey , which will replace the legislation declared null and void by the High Court.
The legislation is meant to be put in force in parallel with legislation on repossessions which was enacted to provide the banks with the means of dealing with about 27 billion euros of non-performing loans, representing about 50 percent of their loan portfolios.
The Ministry of Finance is currently engaged in urgent consultations with legal experts of opposition parties on the insolvency legislation with a view of sending it to parliament by the time the troika will arrive in Cyprus.
Approval of the legislation by the troika will open up the way for the release of a 436-million-euro tranche of bailout assistance suspended in September by the Eurogroup and the International Monetary Fund.
It will also open the way for a new three-monthly survey of progress in implementing the economic adjustment program, thus preparing the ground for more bailout assistance which has been scheduled to be continued through 2015.
WASHINGTON, Sept. 27 (Xinhua) -- The deepening of China-U.S. cooperation on health issues not only benefits the two peoples, but carries global significance Matt Ryan Jersey , visiting Chinese Vice Premier Liu Yandong said here on Wednesday.
Speaking at the China-U.S. Workshop on Health Cooperation held at the Center for Strategic and International Studies, a Washington-based think tank, Liu noted that since the establishment of diplomatic ties between China and the United States, health cooperation has been continuously deepened and yielded fruitful results, benefiting not only the two peoples Devonta Freeman Jersey , but also the rest of the world.
Liu said that the Chinese Dream is filled with the Chinese people's yearning for a better life, and a higher standard of medical and health services is an important part of it.
The vice premier put forward four proposals on strengthening China-U.S. health cooperation in the future.
Firstly, the level of institutionalization of health exchanges and cooperation should be improved. China and the United States can set up a ministerial-level meeting mechanism to promote the establishment of various forms of exchanges and cooperation at all levels.
Secondly, the two countries should join hands to tackle global health challenges. They should strengthen communication and coordination in terms of global health agenda setting, progress monitoring and development assistance in the World Health Organization and other international mechanisms Calvin Ridley Jersey , and jointly support the construction of disease control and prevention centers in Africa.
Thirdly, innovative medical cooperation should be upgraded. The two countries should focus on public health needs, push for cutting-edge technologies, and strive to achieve breakthroughs in the prevention and early treatment of chronic non-communicable diseases such as cardiovascular diseases and tumors, as well as infectious diseases.