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

Sikorski: Ukraine Close to Deal with IMF

Poland´s Minister of Foreign Affairs Radoslaw Sikorski explained that the talks between the IMF and Ukraine have made substantial progress.

March 29, 2014

Slovenia: Controversial Property Tax Fails

The Slovenian Constitutional Court has rejected the controversial property tax suggested by the government. This will jeopardize this year’s budget.

March 28, 2014

Hypo Group: “The People are Really Pissed Off“

According to Werner Kogler, financial spokesman and deputy party leader of the Austrian Greens, the Hypo commission appointed by the government is an “intolerable escape attempt”.

March 28, 2014

Austria: Industrial Production Loses Momentum

Austrian industry loses some momentum after strong growth at the start of the year.

March 28, 2014

Poland: Interests on Bank Deposits to Remain Low

Interest rates will only be raised at the end of 2014.

March 28, 2014

Leitl: “Growth Must Not Mean Less Reforms”

Economic growth is now weaker than in the previous phases of upturn.

March 28, 2014

Hypo Petition Puts Pressure on Austrian Government

The support of the online petition for the establishing of an investigation committee has gained more than 105,000 supporters which puts increasing pressure on the government.

March 28, 2014

Austria: Moody’s Confirms Rating and Outlook for Carinthia

US rating agency rewards the government’s solution about Hypo Group with a confirmation of the creditworthiness of the province of Carinthia.

March 28, 2014

Austria: S&P Confirms Rating

US rating agency Standard & Poor’s has confirmed the Austrian rating at “AA+” with a stable outlook.

March 28, 2014

RBI to Keep Hungarian and Ukrainian Affiliates?

Raiffeisen Bank International (RBI) considers keeping its affiliates in Hungary and Ukraine.

March 27, 2014

Poland to Fulfill EU Commission’s Regulations

According to Polish Finance Minister Mateusz Szczurek, Poland will have no difficulties fullfilling the standards set by the European Commission with regard to the budget deficit.

March 27, 2014

Austria: Economic Growth Slowly Getting in Gear

Wifo (Austrian Institute of Economic Research) projects economic growth in Austria to revive again only at the end of this year.

March 27, 2014

Slovenia: Chaos around Real Estate Tax Continues

On Thursday the Slovenian National Assembley will pass amendments to the highly debated real estate tax.

March 27, 2014

Serbia: Program for New Government in Progress

The future government will have to implement extensive reforms. Vucic, whose party saw a landslide victory in the parliamentary elections, is working on the government’s program.

March 26, 2014

Raiffeisen Group: Uncertain Future

On Thursday Raiffeisen Bank International (RBI) will present the annual figures of 2013.

March 26, 2014

Poland: Good Starting Point for Economic Growth

Economic growth for 2014 is expected to accelerate to 3.1 percent to 3.2 percent in the first quarter while for the full year it is anticipated to come at 3.5 percent, according to Polish Economy Minister Janusz Piechocinski.

March 26, 2014

Hungary: 20th Consecutive Interest Rate Cut

The Hungarian central bank has cut the key interest rate by 10 basis points to 2.6 percent.

March 26, 2014

Poland: Economy Proves Immune to Ukrainian Crisis

According to Governor of the Polish National Bank (NBP) Marek Belka, the Polish economy has so far proved stable and almost remained unaffected by the political crisis in Ukraine.

March 26, 2014

Hungary: Orban Striving to Become PM Again

In an attempt to gain another four years as head of the government Hungarian Prime Minister Viktor Orban praises the country’s achievements in the past years since his Fidesz party came into power.

March 26, 2014

Poland: Promising Years Ahead

Poland observes the crisis in Ukraine with great concern, but does not forget to upgrade national resources.

March 25, 2014

Real Estate in Vienna: Offer Does Not Catch up Demand

There is a growing trend towards population increase as well as small households in Vienna.

March 25, 2014

World Bank: Serbia Has Nine Month to Implement Reforms

According to Tony Verheijen, the World Bank’s Country Manager of Serbia, Serbia has nine month to implement the reforms necessary.

March 25, 2014

Poland: Pension Reform Not to Affect Rating

According to rating agency Fitch, Poland’s country rating will not be affected by the pension reform.

March 25, 2014

Slovenia Looking for New Investors

In an attempt is looking for new investors the small Eurozone member country is starting a series of roadshows in Europe starting from Monday.

March 24, 2014

Czech Growth to Speed Up

Due to the increase in foreign demand, the advisory company EY expects the Czech economy to revive this year.

March 24, 2014

Serbia to Continue Talks with IMF

Serbia's Minister of Finance Lazar Krstic announced that an International Monetary Fund (IMF) mission will visit Serbia for talks on a new three-year arrangement shortly after a new government is formed.

March 21, 2014

Hypo Group: More than One Billion Required?

As reported by Austrian radio station Ö1, part of the Austrian Broadcasting Corporation ORF, ailing Hypo Group Alpe Adria will require € 1.1bn this year from the state.

March 21, 2014

Slovenia: Exuberant Public Spendings

Public finances in Slovenia have gone wild as only after two months almost half of the total deficit planned for 2014 was spent.

March 20, 2014

Fitch: Elections Command Fiscal Consolidation and Reforms

Vucic appears to acknowledge the need for reforms in Serbia.

March 20, 2014

Austria: Opposition Criticizes Nationalization

On Thursday Finance Minister Michael Spindelegger expects a binding statement by ailing bank Hypo Group Alpe Adria about how much state aid will be required. The opposition heavily criticizes the nationalization by the Austrian state in 2009.

March 20, 2014

Austria: Reform Steps Very Modest

Austria, along with Germany and Switzerland, hardly put any economic reforms into realization. This is the conclusion of the annual “reform barometer” for the three countries.

March 20, 2014

Poland: Budget Deficit 2013 Below Target

The Polish budget deficit for 2013 has reached almost 82 percent after it was amended in August.

March 20, 2014

Sanctions Against Russia: Massive Threat for Austrian Banks

Brussels plans to impose economic sanctions on Russia. The Austrian financial sector would suffer enormously an escalating conflict with Moscow.

March 19, 2014

Serbia: Economic Activity Increases Speed

Since the beginning of 2014 economic activity has started to accelerate.

March 19, 2014

Slovenia: Confusion over Real Estate Tax

The deadline for real estate owners to prepare for the new real estate tax has been extended by a month.

March 19, 2014

Wifo Warns European Council of Economic-Policy Standstill

The Austrian Institute of Economic Research sharply criticizes the current economic policy of the European Union and calls for a change of course to reach the self-defined targets.

March 19, 2014

Low Inflation Still No Threat to CEE

Currencies in CEE should not be affected by low inflation, according to Erste Group.

March 19, 2014

Poland: Key Rates to Remain Unchanged until 2015

In an interview with Bloomberg Businessweek magazine, Marek Belka, Governor of the National Bank of Poland (NBP), announced that interest rates will remain unchanced until the end of this year.

March 18, 2014

Hungary: Jurisdiction Affects FX Loans and Banks

Hungary’s constitutional court will exert influence on FX loans.

March 18, 2014

Slovenia: SID Bank With Declining Profits

The public export and development bank of Slovenia, SID, sees shrinking profits.

March 18, 2014

VBAG: Romanian Affiliate Sells Bad Loan Portfolio

The ailing affiliate of Austrian partly nationalized VBAG will sell its non-performing loans on a large scale.

March 18, 2014

Serbian President: Vucic is New PM

Serbian President Tomislav Nikolic named Aleksandar Vucic as new Prime Minister.

March 17, 2014

Belka: Poland Should Not Haste into Eurozone

Marek Belka, Governor of the National Bank of Poland (NBP), said that the country did not have to haste to become a member of the European single currency union.

March 17, 2014

Recovery of Austrian Economy Continues

Austrian economy continues its recovery despite weaker upswing.

March 17, 2014

Serbia: Landslide Victory for Vucic

After Deputy Prime Minister Aleksandar Vucic’s party saw an overwhelming victory in the early parliamentary elections the new government is facing a hard road ahead.

March 17, 2014

Serbia: Vucic Stands Good Chances of Becoming PM

Vucic is regarded new Serbian Prime Minister in the parliamentary elections.

March 15, 2014

Slovenia: Banking Sector Still Prone to Risks

The Slovenian banking sector is still prone to risks as the number of non-performing loans was not reduced substantially.

March 14, 2014

Poland: Lowest Budget Deficit Since 2008

The budget deficit as per the end of February, was the lowest since 2008.

March 14, 2014

Hypo Group: Decision Has Finally Been Made

The government has finally made a decision. Ailing Hypo Group Alpe Adria will be downsized through a private bad bank.

March 14, 2014

CEE: Investments to Boost Economic Growth

In the coming two years economic growth in Eastern Europe is expected to accelerate to an average of two to three percent of GDP triggered by a boost in investments.

March 13, 2014