Calendar of Economic Events. Fourth Quarter 2016

The UK Parliament voted in favour of Brexit under Article 50 of the EU Treaty. The CETA agreement between EU and Canada was signed after considerable resistance in some EU member countries and once the German Constitutional Court had approved an urgent application. TPP, passed by the Japanese parliament, was rejected by Donald Trump already when he was a candidate for the US presidency. For the first time since 2001, OPEC and some non-OPEC countries agreed to cut their crude oil outputs. – The newly negotiated revenue sharing agreement, which shares out among federal, Länder and community authorities annual tax takings of more than 80 billion €, shows some indications of task-orientation and tax autonomy. With HETA creditors accepting the buy-back offer it appears that the Land of Carinthia is no longer at risk of becoming bankrupt.