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Czech Republic in Austria | Czechs in Vienna | Bilateral Relations
Austria and the Czech Republic - Read the latest headlines about bilateral relations in the areas of economy, diplomacy and culture
CESEE: Growth Remains Below Potential
Today, the EBRD (European Bank for Reconstruction and Development) has published its economic outlook for the CESEE region. The reform pressure is growing, Anthony Willams at EBRD wrote.
November 11, 2013
UniCredit: Net Income Driven By CESEE
Italian UniCredit Group´s quarterly net income was down by 40%. Losses in Italy could be more than offset by the results in Poland and Bank Austria´s contributions.
November 11, 2013
Czech Republic: CNB to Intervene in Forex Market
After the Czech koruna (CZK) was devalued, the Czech National Bank (CNB) is keen on preventing a deflation. However, the key rate cannot be cut anymore as it is close to zero.
November 11, 2013
Czech Banking Sector Strongly Influenced by Foreign Banks
The EBRD has published the “Banking Environment Performance Survey”. Foreign parent banks exert a strong influence on their subsidiaries.
November 9, 2013
Czech National Bank Starts Currency Interventions
In order to stop the recession in the Czech Republic, CNB eases monetary policy further.
November 8, 2013
Unequal Retail Real Estate Investment Activity in CESEE
While investments in retail real estate in Bulgaria see an upturn, those in Romania have dropped immensely by more than 50 percent.
November 8, 2013
Czech Republic: Economic Outlook Improves
In its latest forecast, the Czech National Bank (CNB) has corrected the outlook on the Czech economy upward for the rest of 2013 while estimates for 2014 were slightly downgraded.
November 8, 2013
Komercni Banka Posts Lower Net income
Today, Czech Komercni Banka published the third quarter results. Lending was up by 2.9%, deposits grew by 4.8%. Net income was down by 7.75.
November 7, 2013
Banking Sector Reduces Lending
Instead of offering loans to the corporate sector, banks tend to invest in sovereign bonds. The CESEE region is particularly affected by this.
November 6, 2013
CESEE Region: Booming Exports Prevent Recession
The underlying reason for the improving economic sentiment in the CESEE region is the expanding industrial sector. However, the region remains vulnerable to foreign trade and foreign investments.
November 5, 2013
Czech Republic Crawls Out of the Recession
The recession in the Czech Republic comes to an end. Fixed investments are still the main weak point.
November 4, 2013
Czech Budget Deficit to Remain Below Approved Mark
The budget deficit in the Czech Republic increased to CZK 47.7bn in October from CZK 38.2bn in September.
November 4, 2013
Czech Growth Outlook Revised
The Czech Ministry of Finance has improved its economic forecasts.
November 1, 2013
Czech Republic: Consumer Loans Weaken
The Czech loan growth is mainly driven by housing loans. The overal loan structure is improving, the NPL level remains flat.
November 1, 2013
Slovak Banking Industry Records Growing Net Income
In the first nine months of 2013, Slovakia´s banking sector recorded a total net profit of € 449m.
November 1, 2013
Czech Unemployment Stable
In the last twelve months, the Czech labor market conditions remained almost unchanged. Employment was up slightly, unemployment was flat.
November 1, 2013
Visegrad Countries Encourage Western Balkans to Join EU
Representatives from Poland, the Czech Republic, Slovakia and Hungary support the EU accession of Western Balkan countries.
October 31, 2013
Czech Banking Industry Is “Healthy”
According to the Czech banking association (CBA), the Czech banks are well equipped with capital.
October 31, 2013
Czech Republic: Stock Exchange Reacts to Election Results
After the general elections the Prague Stock Exchange (BCPP) grew significantly since corporate taxes, as threatened by the policymakers, will not be introduced.
October 30, 2013
Czech Republic: Monetary Easening Not an Option for CNB
Improper exit policy could cause currency swings or inflation, according to expert.
October 29, 2013
CESEE: „The Growth Model Was not Sustainable“
Franz Seiringer, economist at EBRD, underlines that the CESEE countries are on the right track. The region is working on a new growth model, he told “Wirtschaftsblatt”.
October 29, 2013
Czech Republic Faces Political Stalemate
The Czech elections did not bring clear power relationships. The social democrats have to form a government, though.
October 28, 2013
Czech Republic: Social Democrats Ahead
Although the Czech Social Democrats (CSSD) rank first, the party is below expectations.
October 26, 2013
Czech Elections 2013: Tension Is Running High
Today, the Czech Republic holds new parliamentary elections. The Czech political landscape is expected to change fundamentally.
October 26, 2013
Czech Republic: Social Democrats to Win
Tomorrow, the Czech Republic will hold early elections. All polls are indicating a clear change in power. Bohuslav Sobotka is expected to become the next head of government.
October 25, 2013
Czech Republic: Overall Confidence Grows
According to the Czech statistial office, the increase in confidence in the Czech economy continues.
October 24, 2013
Czech Republic: Four Banks too Big to Fail
CNB has determined four domestic banks that could potentially endanger the country’s financial system in case of bankruptcy, as reported by daily “Hospodarske noviny” (HN).
October 24, 2013
Czech Economic Outlook Improves Slightly
Next year, the Czech economy will expand for the first time since 2011, economists say.
October 23, 2013
Czech Republic: Singer Nominated Central Bank Govenor of the Year
Miroslav Singer, govenor of the Czech National Bank (CNB) won the Central Bank Govenor of the Year for Emerging Europe 2013 presented by Emerging Markets Magazine.
October 23, 2013
Public Debt: CESEE Countries Below EU Average
At the end of the first half of 2013, the EU public debt quota reached 86.8% of GDP. Western Europe´s public debt level is significantly higher than in Eastern Europe.
October 23, 2013
House Searches at Strabag Subsidiary in Croatia
The corruption scandal at the Croatian Chamber of Economy affects public road authority HAC and construction companies that were commissioned, among them Austrian Strabag and Alpine.
October 22, 2013
Amazon to Open Distribution Centers in the Czech Republic
The world’s largest online retailer Amazon plans to create 10,000 jobs in the Czech Republic within the next three years.
October 22, 2013
Prague: Strong Foreign Demand for Real Estate
About a third of the buyers of Prague-based apartments are foreigners. Most buyers are Slovaks or Vietnamese.
October 21, 2013
“Problems in the CESEE Region Are Mainly Fundamental”
In an interview with Gazeta Wyborcza, Reza Moghadam, director of the IMF´s European Department, says that the weakness of the CESEE region is not only cyclical.
October 18, 2013
IMF Warns of Financial Instability in CESEE
Due to the high non-performing loan quota and the deleveraging of Western banks, the countries of Central, Eastern and Southeastern Europe are still far from financial stability.
October 18, 2013
„Czech Republic Does Not Fully Use Its Potential“
Czech Prime Minister Jiri Rusnok thinks that the performance of the Czech economy is not dramatically bad. However, the Czech Republic must use its opportunities more effectively.
October 17, 2013
Poland: 70 Percent against Introduction of Euro
According to a recent survey carried out by Public Opinion Research Center (CBOS) as many as 70 percent reject the idea of introducing the Euro to Poland.
October 15, 2013
Austria: Purchasing Power Grows Slightly
According to a study published by RegioData Research, Austria could improve its level of purchasing power in the years from 2008 to 2012.
October 15, 2013
Moody’s: Poland Threatened by Outflow of Foreign Funds
Rating agency Moody’s evaluates the country being moderately exposed to the risk of foreign outflows.
October 14, 2013
Czech Inflation Below Expectations
The Czech inflation rate slowed down to 1.0% in September. In the next months, the country faces a stagnating economy in the best case.
October 9, 2013
FriedlResearch has Published the Q3-2013 Company Report of Erste Group Bank AG
This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.
October 8, 2013
Latest Edition of the SWOT Report of Raiffeisen Bank International has been Published
FriedlResearch has announced the publication of the latest edition of the "Raiffeisen Bank International AG - SWOT Analysis & Company Report". This report contains in depth information and data about RBI and its operations and markets.
October 8, 2013
Czech Republic: Construction Industry Still Contracts
In August 2013 the construction output decreased by 8.1%, year-on-year (y-o-y).
October 8, 2013
Czech Republic: Foreign Trade Surplus Grows
In August 2013, according to preliminary data of ‘cross−border statistics’ at current prices, exports increased by 1.9% while imports stagnated, year-on-year (y−o−y).
October 8, 2013
Czech Industrial Sector Remains Growth Engine
In August 2013, industrial production increased at constant prices by 1.6%, year-on-year.
October 8, 2013
Romania: Bucharest Stock Exchange to Be Enlarged?
Ludwik Sobolewski, new CEO of Romania’s Bucharest Stock Exchange (BSE), is toying with the idea of enlarging the institution and making it a competition to Budapest, Vienna and Prague withing two years only.
October 7, 2013
UK: Growth Potential in CESEE
According to the IMF, the UK economy is not diversified sufficiently. Now, UK promotes exports to the CESEE region.
October 5, 2013
Raiffeisen Research: CESEE Deserves Better Credit Ratings
Analysts of Raiffeisen Research think that Austria´s sovereign debt rating is worse than the rating agencies say. The CESEE region, by contrast, is seen too critically, Raiffeisen Research argues.
October 4, 2013
CESEE: Recovery Slow, but Stable
Corporate sentiment improving in major CEE countries as well, as the economic recovery begins to take root. Low point in interest rates has essentially been reached, rises in yields to follow trends in the developed markets, RZB says.
October 4, 2013
World Bank Supports Financial Reporting in CESEE
The World Bank launched a new program to strengthen corporate financial reporting in the countries of the EU’s Eastern Partnership.
October 3, 2013
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