2008
|
|
September
|
19 |
US
government presents bailout
plan for country’s banking system amounting
to 700 billion dollars. |
| October |
7 |
Spanish
government announces creation of fund
for purchase of financial assets
of financial institutions up to maximum of 50 billion euros and raises guarantee
on deposits and investments to 100,000 euros. |
| |
8 |
European
Central Bank, Federal
Reserve and Bank
of England cut official
interest rates by 50 basis points in joint move with other central banks. |
| |
12 |
Euro
Area countries agree on joint
action to strengthen financial
system up to end of 2009. |
| |
13 |
Government
authorizes granting of government
guarantees up to 100 billion
euros in 2008 on new financial transactions of financial institutions with possible
extension to 2009. |
| |
28 |
IBEX
35 index for Spanish
stock exchange marks up
lowest level (7,905.4) since 2004. |
| |
29 |
Federal
Reserve cuts reference rate
to 1.00%. |
| November |
6 |
European
Central Bank lowers official
interest rate to 3.25%. |
| |
15 |
Meeting
of G-20 in Washington to reform
international financial system. |
| |
20 |
Dow
Jones index for New
York stock exchange records
lowest level since 2003 (7,552.3). |
| |
28 |
Government
announces 8 billion-euro public
works plan for municipalities
and 3 billion-euro plan for investment in various sectors and economic spheres. |
| December |
4 |
European
Central Bank lowers official
interest rate to 2.50%. |
| |
16 |
Federal
Reserve reduces reference
rate to band between 0%-0.25%. |
| |
24 |
Brent
quality oil
price drops to lowest level since July 2004 (37.23 dollars a barrel).
|
2009
|
|
January
|
1 |
Further
enlargement of Euro
Area with entry of Slovakia
making total of 16 member states. |
| |
15 |
European
Central Bank lowers official
interest rate to 2.00%. |
| |
20 |
Barack
Obama sworn in as President
of the United States. |
| March
|
5 |
European
Central Bank lowers official
interest rate to 1.50%. |
| |
6 |
Central
government announces measures to facilitate
financing of working capital for medium-sized companies and
to revive employment
and ease effects of unemployment. |
| |
27 |
Government
approves series of measures
to boost economic activity:
reform of law on meetings of creditors, revival of credit insurance and introduction
of EU directive on services. |
| April |
2 |
European
Central Bank lowers official
interest rate to 1.25%.
G-20 meeting in London aimed at reform
of international financial system. |
| May |
7 |
European
Central Bank lowers official
interest rate to 1.00% and announces measures to facilitate liquidity in banking
system. |
| |
12 |
Government
announces new economic
policy measures: partial
removal of tax deduction for buying normal residence as of 2011, aids for buying
cars, reduced taxes for some small and medium-size businesses and self-employed
persons, etc. |
| June |
12 |
Government
increases taxes on tobacco,
petrol and diesel fuel for motor vehicles. |
| |
26 |
Government
establishes Fund for
Orderly Restructuring of Banks. |
| September |
22 |
Dow
Jones index for New
York stock exchange records
annual high (9,829.9), a rise of 12.0% compared with end of 2008. |
| |
23 |
IBEX
35 index for Spanish
stock market marks up annual
high (11,853.3) with cumulative gain of 28.9% compared with end of December 2008.
|
