Euro zone growth set to be best in decade Russia seeks $10 bn in export sales from newMiG-35 fighter
The euro zone's annual economic growth rate outstripped that of the United States in the third quarter setting up 2017 as the best year for the currency area since financial markets crashed a decade ago. Germany was a major factor, but even some of the bloc's laggards, such as Italy, showed signs of revival. Eurostat, the European Union statistics office, confirmed a preliminary estimate that euro zone gross domestic product (GDP)grew 0.6 percent from July to September from the previous quarter and on a year on year basis was 2.5 per cent higher.
BLOOMBERG< Russia is targeting export sales of at least $10 billion for the new MiG-35, the country’s most advanced jet fighter, as it prepares to offer the aircraft commercially from next year. Negotiations are underway with more than 30 countries that fly the older MiG-29 about upgrading their existing fleets or adding extra planes, Ilya Tarasenko, Director General of Russian Aircraft Corp. MiG, said Tuesday, putting a value to sales ambitions for the plane for the first time. The export target for the the aircraft doesn’t include anticipated cash flow from related maintenance contracts and post-warranty support, Tarasenko said. REUTERS<