Read the latest headlines about Austria's economy, including news on inflation, growth domestic product (GDP), nation's debt and labor market
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Austrian Economic News and Analysis

Serbia: Key Rate Kept Unchanged.

The NBS (National Bank of Serbia) decided to keep the policy rate unchanged as there is no threat of inflation.

April 22, 2014

Business in Ukraine Becomes More Riskful

Insurance companies warn export companies that wanting to arrange for insurance of defaults in payment obligations or political unrest right now is coming too late.

April 22, 2014

Poland: VAT Likely to be Reduced

As announced by Polish Finance Minister Mateusz Szczurek, the government plans on cutting the VAT rate to 22 percent in 2017.

April 22, 2014

Serbia: EU Negotiations Important for Reforms

According to Tanja Miscevic, chief negotiator in Serbia’s EU accession talks, the opening of the Chapters 23 and 24 are crucial for the reform process in the Western Balkan country.

April 22, 2014

Poland: Economic Upswing Endangered by Conflict in Ukraine

In general, Poland´s economic growth accelerates. However, the recent developments in Poland´s neighbor country are a substantial risk factor.

April 18, 2014

Slovenia: “Worst Thing if Nobody Dare Do Anything”

Finance Minister Cufer stressed that financial institutes needed stable guidance and confidence to continue their restructuring paths.

April 17, 2014

Hypo Group: Privatization of Balkan Business Until 2015

The nationalized problem bank intends to sell its Balkan business within 2014.

April 17, 2014

Poland: Budget Deficit Soaring

Last year the budget deficit amounted to 4.3 percent of GDP.

April 17, 2014

Vienna Drops in “Global Cities Index”

Vienna drops three places. Regardless of the financial crisis the largest global financial centers in New York and London are still the cities with the biggest influence world-wide.

April 16, 2014

Poland: Excessive Deficit Procedure for Two More Years

The Polish government expects the EU Commission to cancel the Excessive Deficit Procedure in “less than two years” due to the measures applied so far the continuing of economic recovery.

April 16, 2014

Industrial Location Austria Losing Attractiveness

Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.

April 16, 2014

Austria: RLB OÖ Rows Bank on Threat to Leave

Last year regional lender RLB OÖ (Raiffeisen Landesbank Oberösterreich), part of Raiffeisen group, saw a decline of six percent in its balance sheet totals while the operating results increased by almost three percent.

April 16, 2014

S&P Upgrades Polish Banking Sector

Rating agency Standard & Poor’s has upgraded the Polish banking sector from “negative” to “stable”.

April 16, 2014

Slovakia as a Role Model?

In an interview with Austrian daily “Wirtschaftsblatt”, Tomas Malatinsky, Economy Minister of Slovakia, talked about budget discipline, investments and tax policy.

April 16, 2014

Fricke: “Man Needs Relatively Little Bank”

Fricke, chief economist at the European Climate Foundation and author of “Wie viel Bank braucht der Mensch?" (How much bank does man need?)

April 15, 2014

Serbia: “Radical Measures” Needed to Tackle Grey Economy

Experts call for higher penalties to make tax evasion and gray economy less profitable and establish financial discipline.

April 14, 2014

“Bank Rescue is a Crime”

Martin Ehrenhauser, leading candidate of the Austrian electorial alliance “Europa Anders”, which is running for the EU elections, has voiced harsh criticism about the saving of financial institutes.

April 14, 2014

Poland: No Tax Hike Required

According to Poland’s Finance Minister, a tax increase is not required this year.

April 14, 2014

Slovenia: Head of NLB Throws in Towel

On Friday France Ahar, President of the supervisory board of the biggest lender of Slovenia, state-controlled NLB, handed in his resignation.

April 14, 2014

Austria: Tax Quota Grows Continuously

Austria is well on the way to reach the top of the high-tax countries. Last year, Austria´s tax quota on labor income has reached the highest in its history.

April 12, 2014

Vucic: “Not Afraid of Social Riots”

The future Prime Minister of Serbia underlined the necessity of reforms.

April 10, 2014

Poland: Growth Forecast Raised Again

The International Monetary Fund has raised the forcast of GDP growth in Poland.

April 9, 2014

Serbia: Vucic Rejects Single-Party Government

Aleksandar Vucic, leader of the Serbian Progressive Party (SNS) and future Prime Minister, said on Tuesday that his party does not intend to govern on its own.

April 9, 2014

IMF Upgrades Growth for Slovenia

In its latest report the International Monetary Fund has raised its projection for GDP growth in Slovenia.

April 9, 2014

Austria: Government Wants “Restrictive Budget Performance”

Today the Austrian government has decided upon a “restrictive budget performance.

April 8, 2014

Fitch: Polish Rating Foundations Very Solid

As reported by news portal “Warsaw Voice”, rating agency Fitch considers the Polish credit rating foundations to be very solid.

April 8, 2014

Austria: Purchasing Power Shrinks

Due to higher taxes and social contributions, the real income fell in the last few years.

April 8, 2014

Hungarian Electorial Law Supports Major Parties

Orban is the clear winner of the parliamentary elections in Hungary. He stressed that there are no more conflicts with the EU than any other member state had.

April 7, 2014

Austria: Majority Does Not Trust Euro

Only 49 percent of Austrian citizens have faith in the Euro.

April 7, 2014

Serbia: Effective Measures for Economy

The Serbian Chamber of Commerce considers the measures for economic growth “a very big thing”.

April 7, 2014

Hypo Group: Heavy Burden for Austrian Fiscal Position

The Austrian National Bank, however, expects the structural medium-term budgetary objectives to be achievable.

April 7, 2014

Poland: No Danger of Deflation

According to Marek Belka, governor of the National Bank of Poland (NBP), there is not threat of deflation.

April 7, 2014

Czech Economy Recovers Slowly

In 2013, the Czech GDP was down for the second consecutive year. This year, the Czech economy is expected to expand by 1.4%.

April 5, 2014

Treichl: „The U.S. Have Solved the Crisis Better“

Andreas Treichl, CEO of the Vienna-listed lender Erste Group, thinks that everything takes too long in Europe. The communication between banks and the government is insufficient, Treichl says.

April 5, 2014

Hungary: Orban Faces Re-Election

Tomorrow, Sunday, Hungary holds national elections. Despite the difficult economic frame conditions in Hungary, the centre-right government is expected to be confirmed for the next four years.

April 5, 2014

More than Half of Serbians Aspire EU Membership

55 percent of the Serbian citizens are in favor of the country becoming an EU member.

April 4, 2014

Poland: PKO BP to Help Finance Ukrainian Enterprises?

The biggest financial institute in Poland could get involved in a project financing Ukrainian businesses.

April 4, 2014

RBI: Economic Recovery Despite Geopolitical Tensions

Economic upswing vs. geopolitics.

April 4, 2014

Serbian Future Government Needs to Be “Compact”

According to the deputy leader of SNS, Aleksandar Vucic “shall introduce iron discipline in the Government.”

April 3, 2014

VIG: Takeover of Donaris Successful

Acquisition of the Moldovan insurer Donaris completed

April 3, 2014

CEE: Economy Could Become More Vulnerable to Crimea Crisis

If the political crisis in Crimea aggravates negative effects in the economy could soon become evident.

April 2, 2014

Slovenia: Budget Deficit to Jump to 14.7%

Due to the bank bailout, Slovenia´s budget deficit is expected to reach 14.7% of GDP in 2013.

April 2, 2014

Austria: “Financial Crisis is Not Yet Over”

Deputy Chancellor and Finance Minister Michael Spindelegger considers the financial crisis not to be completely over.

April 2, 2014

Czech Republic: Euro Support Still Weak

Almost a quarter of Czech citizens support the idea of joining the single European currency union.

April 2, 2014

Austria: Faymann Insists on Bank Levy

Chancellor Faymann intends to keep the bank levy in spite of the planned insolvency fund, which is going to be established EU-wide.

April 1, 2014

Austria: Spindelegger Expects Significant Increase of Deficit

According to the Finance Minister, the consequences of the Hypo-disaster are “dramatic”. However, he does not see a danger of deflation.

April 1, 2014

Austria: Economic Recovery Remains Modest

Political clouds over economic recovery.

April 1, 2014

Hungarian Recovery Remains Shaky

Last year, Hungary´s government successfully managed the economic turnaround. Nevertheless, Hungary´s growth remains artificial.

March 31, 2014

Ten Years After The 2004 EU Enlargement: Achievements and Next Steps

International Conference, Vienna, 24-25 April 2014

March 31, 2014

Romania: Key Interest Rate Remains Unchanged

The central bank of Romania has left the main interest rate unchanged.

March 31, 2014