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Czech Republic in Austria | Czechs in Vienna | Bilateral Relations

Czech Republic: Gazprom to Build New Gas Storage Tanks

Gazprom and MND Group are going to invest € 100m in a gas storage facility near the Austrian border.

March 26, 2013

Czech Republic: Confidence in Domestic Economy Inreased Marginally

Overall confidence in domestic economy increased slightly in March. The composite confidence indicator (economic sentiment indicator) increased by 0.2 points compared to February.

March 25, 2013

Hungary: In a Debt Crisis Soon?

New all-time high in debts was reported. Hungarian populations hopes for fast political turn-around.

March 22, 2013

EVN to Start Arbitration Procedure

Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.

March 19, 2013

Czech Republic: Opposition Rejects Austerity Measures

Opposition leader Sobotka was re-elected last Friday as chairman of the Social Democrats. In an interview with Reuters he explains why the government needs to slow down on austerity measures.

March 18, 2013

CSA: Korean Air Gets In

The South Korean airline will take over the publicly held stake in the loss-making Czech carrier.

March 16, 2013

Czech Republic: Contruction Industry Sees Further Declines

In January 2013 the construction output declined by 9.3%, year-on-year (y-o-y). The planning and building control authorities granted by 4.1% more building permits, y-o-y, and the approximate value of permitted constructions dropped by 31.7%, y-o-y.

March 15, 2013

Czech Republic: Industrial Production Decreased by 4.1%

In January 2013, industrial production decreased at constant prices by 4.1%, year-on-year. Compared to the previous month, seasonally adjusted industrial production was the same as in December 2012. The value of new orders decreased by 7.6%, y-o-y.

March 15, 2013

Czech Republic: Population Grows Slightly

In 2012, the population of the Czech Republic increased by 10.7 thousand to 10 516.1 thousand persons.

March 14, 2013

Czech Republic: Highest Internet Retail Sales in 26 Months

Highest growth rates in internet retail and house order sales and IT/communication equipments.

March 14, 2013

Improvement on the Czech Commercial Real Estate Market in Sight?

Bank Austria sees anti-cyclical investment opportunities in the Czech Republic and CEE. The Czech Republic offers a low country risk and transparent real estate market.

March 13, 2013

Bulgaria: Latest Protests Against Privatizing of Railway

Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).

March 12, 2013

Czech Republic: Slight Increase of Consumer Price Index

Consumer prices in February increased by 0.1% compared with January. This rise came primarily from price increases in 'transport' and 'recreation and culture'. The year-on-year growth of consumer prices decelerated to 1.7% in February (1.9% in January).

March 11, 2013

Czech Republic: Average Wage Increased Due to Bonuses

In Q4 2012 the average gross monthly nominal wage per employee FTE in the entire national economy increased by 3.7% compared to the corresponding period of the previous year.

March 11, 2013

Czech Republic: GDP Decreasing by 2.1%

The gross domestic product adjusted for price, seasonal, and calendar effects decreased according to the refined estimate by 1.2% compared to 2011; the decrease was gradually deepening during the year.

March 11, 2013

Czech Republic Records Trade Surplus

Imports as well as exports were down significantly. The foreign trade surplus increased slightly.

March 8, 2013

Czech Republic: Erste Group Cutting More Jobs

Because Erste Group has to save CZK 1bn (€ 39m) this year, economy measures need to be taken.

March 8, 2013

CZ: President Klaus Leaving Presidential Office

After having been in office for ten years, Czech President Vaclav Klaus left Prague Castle. Today, Friday March 8, his sucessor Milos Zeman is going to be sworn in.

March 8, 2013

Recession in Euro-Area Still Affects CESEE Countries

According to the Vienna Institute For International Economic Studies (wiiw), the double-dip recession over, yet there is no economic growht in sight for CESEE countries.

March 7, 2013

CSA: Korean Air as Only Bidder

The Korean airline company aims to take over the publicly held stake in Czech Airlines (CSA). Korean Air only offers € 2.64m.

March 7, 2013

Bulgaria: Electricity Rate to be Reduced by 7 %

Experts still fear that the reduction in electricity prices will not help stopping protests.

March 6, 2013

Last Meeting between Klaus and Gasparovic

The Presidents of the Czech Republic and of Slovakia will have a last meeting tomorrow.

March 5, 2013

Czech Republic Eases Austerity Policy

In order to boost economic growth, the Czech government tends to refrain from the strict austerity course.

March 5, 2013

Czech Airlines May be Taken Over by Korean Air

The Korean airline company aims to take over the publicly held stake in Czech Airlines.

March 5, 2013

Bulgaria: Eagles Briges Civic Association To Be Found in Sofia

Protesters are gathering in the Arena Armeets Hall to differentiate their pleas.

March 4, 2013

Czech Republic: Economy still Down. Hopes are Up.

Specialists, despite of the current situation, predict slight economic growth for 2013 after year of recession.

March 4, 2013

Czech Republic: CNB Fights Against Recession

As the interest rate was cut to a technical zero, the Czech National Bank considers intervening against the crown.

March 4, 2013

Czech Republic: Bilateral Trade with Austria Shrinks

The official export figures are not known yet. However, experts think that the foreign trade volume between the Czech Republic and Austria was down in 2012.

March 2, 2013

Czech Republic: Unemployment Grows Slightly

In January 2013, the general employment was up by 1.3 percentage points. The unemployment rate came at 7.0% in January.

March 1, 2013

Alpine: Major Contract in Czech Republic

Alpine to rehabilitate the Czech D1 Motorway. Final award of contract to the Alpine/OHL ZS consortium upon expiration of statutory period for filing objections.

February 26, 2013

CEZ: Czech Republic Calls Brussels for Help

After the Czech energy group CEZ has lost its license in Bulgaria, the Czech government wants Brussels to put pressure on Sofia.

February 25, 2013

Czech Republic: Trends in 2012

Export and Import Price Indices and Price Indices for International Transport

February 25, 2013

Czech Republic: Agrofert Takes Over German Bakery Chain Lieken

Barilla, the world’s leading manufacturer of pasta products, announced that it had fixed a deal with the Czech company Agrofert to sell the German baking enterprise, Lieken AG.

February 25, 2013

Czech Republic: Corporate Finance Leaders Meet at the CFO Forum in Prague

If it were possible to predict the future, corporate financiers really could be relegated to mere "bean counters." Amid continuing global economic volatilty, however, considerably more advanced skills are required.

February 25, 2013 · Sponsored Content

Bulgaria: Protests Continue in Sofia and Varna

Bulgarian political decisions are afflicted by extreme unpopularity as almost 60 % of the population suffers from immediate poverty. Riots continue in Sofia and Varna.

February 24, 2013

CESEE Region Still Has Enormous Growth Potential

“CEE growth drivers intact but innovation is needed to start convergence 2.0” Erste Group says.

February 20, 2013

CESEE: Stress of Competition is Growing

CEE significantly more industrialized than euro area (30% vs. 19%) but still needs to catch up in terms of competitiveness.

February 20, 2013

Bulgaria Cuts Energy Prices

After heavy citizens´ protests, the Bulgarian government has lowered the energy prices by 8%. Moreover, the Czech energy group CEZ loses its license.

February 19, 2013

Protests in Bulgaria Threaten to Escalate

Despite the resignation of Minister of Finance Simeon Djankov, the protests go on and may turn into riots. The opposition wants to hold new elections.

February 19, 2013

Czech GDP Was Down by 1.1% in 2012

In the Q4 2012 the gross domestic product adjusted for price, seasonal, and calendar effects decreased by 1.7%, year-on-year, and by 0.2%, quarter-on-quarter, according to the preliminary estimate.

February 14, 2013

Inflation Slightly Below CNB’s Forecast

The Czech National Bank comments on the January 2013 inflation figures.

February 12, 2013

CESEE: Banking Industry Slightly Optimistic

Unlike their counterparts in Central and Eastern Europe, Czech bankers are relatively satisfied with the performance of the domestic banking market.

February 11, 2013

CESEE Office Market Shows Solid Fundamentals

CESEE office market is undergoing a stable development; rental levels remain largely solid in most of the region, Erste Group says.

February 11, 2013

Czech Inflation Rate Flattens

In January, consumer prices were up by 1.3%. In the last twelve months, the price increase was 1.9%.

February 11, 2013

Czech Republic: Unemployment Grows Further

Among the new EU member countries, the Czech Republic has one of the lowest unemployment rates. However, the country cannot escape the trend.

February 8, 2013

Klaus Recommends to Split Eurozone

According to the outgoing Czech President, the separation of the eurozone would be cheaper than maintaining the currency union.

February 7, 2013

Czech National Bank: Recession Goes On in 2013

According to CNB, the country has not overcome the crisis yet. This year, the Czech GDP will fall by 0.3%.

February 7, 2013

Czech Industrial Production Slightly Decreased in 2012

Industrial production slightly decreased in 2012 after two years of growth. The year-on-year decrease started in the Q2 and gradually deepened in the following periods.

February 7, 2013

Czech Service Industry Shrinks

In Q4 2012, seasonally adjusted sales in services decreased, quarter-on-quarter, at constant prices by 1.6%.

February 7, 2013

Czech National Bank Keeps Interest Rates Unchanged

The CNB Bank Board decided at its meeting today to keep interest rates unchanged. The two-week repo rate was maintained at 0.05%, the discount rate at 0.05% and the Lombard rate at 0.25%.

February 6, 2013
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