Euro zone growth set to be best in decade Rus­sia seeks $10 bn in ex­port sales from newMiG-35 fighter

Business Standard - - FRONT PAGE -

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<

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