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Austrian Foreign Trade News and Analysis

Romania: Recovery Depends on External Factors

Thanks to foreign demand and foreign investors, Romania´s economy accelerates. However, domestic demand is still the country´s weak point.

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

Romania: Consumption Remains Sluggish

In order to support Romania´s economy, the National Bank of Romania continues its monetary easing policy.

October 3, 2013

Hungary: Net Exports Grow Slightly

In the seventh month of 2013, the export volume of external trade in goods increased by 7.4%, while the volume of imports grew by 6.4% year-on-year.

October 3, 2013

Slovakia: Economic Upward Trend Supports Fiscal Targets

After six consecutive quarters of economic deceleration, Slovakia faces better economic data. The positive trend helps Slovakia´s government.

September 26, 2013

Poland: Recovery Remains Fragile

Poland´s economy has bottomed out. However, the recovery mainly depends on foreign demand.

September 26, 2013

CNB: No Monetary Interventions Necessary

The Czech Republic´s economy moves forward slowly. A weaker koruna is not necessary.

September 24, 2013

Slovenia: Recession Goes On

In the second quarter, Slovenia´s GDP was down by 1.7% year on year. This year, Slovenia´s GDP will fall by 3.0%, economists say.

September 2, 2013

Erdogan Considers Leaving U.N.

Turkey´s Prime Minister Recep Tayyip Erdogan puts pressure on the United Nations. The representation of the Security Council is not balanced, Erdogan criticizes.

August 26, 2013

Turkey: Capital Outflow Endangers Economic Stability

The monetary and economic stability is under enormous pressure. Turkey´s National Bank does not have sufficient reserve to support the Turkish lira.

August 24, 2013

Czech Republic: Foreign Trade Shrinks

In June 2013, according to preliminary data of ‘cross−border statistics’, exports and imports at current prices decreased by 2.5% and 4.8%, year-on-year (y−o−y), respectively.

August 6, 2013

Serbia: Moderate Upward Trend

In the first three months, Serbia´s GDP was up by 0.5%. However, domestic demand is still declining.

August 6, 2013

Slovenia: Economic Sentiment Stabilizes

This year, Slovenia will not be able to leave the recession behind. However, the economic sentiment begins to improve in some sectors.

August 5, 2013

Croatia: Upwsing Depends on Return of Investors

Vedrana Jelusic, head of EBRD Croatia, thinks that Croatia benefits from the joining the EU. Introducing the euro is no issue yet, she told “Wirtschaftsblatt”.

August 3, 2013

Poland: Slow, but Steady Progress

Poland´s National Bank anticipates a longer term of interest rate stabilization. The economic trend reversal will come in the third quarter, rate setter Andrzej Bratkowski stated.

August 2, 2013

Cautious Optimism in Slovakia

The economic outlook for Slovakia brightens slightly. The export-oriented country benefits from the stabilization in the Eurozone.

August 2, 2013

Hungary: Exports Growing Moderately

External trade showed a surplus of EUR 641 million in May.

August 2, 2013

Poland: Foreign Trade Deficit Grows Substantially

Poland's final 2012 trade deficit comes at € 10.584 bn, according to statistics office.

July 30, 2013

Russia: Inflation on the Rise

In the first six months of 2013, the inflation rate came at 3.5%. Compared to the reference period of 2012, the inflation rate was up by 0.4 percentage points.

July 23, 2013

Turkish National Bank Raises Base Rate

Today, Turkey´s National Bank has increased the base rate from 6.5% to 7.25%. Turkey wants to prevent a devaluation of the lira.

July 23, 2013

Poland: Economic Trend Reversal Likely

In the 1st half of 2013, together with still unfavourable business tendencies on global markets, the economic slowdown maintained in Poland. However, forecasts give reason for cautious optimism..

July 23, 2013

Russia: Recession Not Excluded Anymore

Above all, Russia suffers from a shrinking industrial sector and a decline in foreign direct investments.

July 22, 2013

EU: Current Account with Russia Deep in the Red

EU27 current account surplus came at € 29.1 bn in the first quarter of 2013.

July 18, 2013

Russian Economy Shows Insufficient Diversification

The Russian economy is primarily based on commodities, economists at the Moscow Higher School of Economics report. In the medium term, Russia has no growth potential, the experts say.

July 18, 2013

Austrian Industrial Sector Fears Drop in Exports

In the first five months of 2012, Austrian exports were only up by 3%. The outlook is rather gloomy. The Austrian Chamber of Commerce demonstrates pessimism.

July 18, 2013

Turkey Considers Economic Re-Orientation

The Turkish government wants to shift its economic focus from Europe to Asia.

July 18, 2013

EU: Trade Surplus with Turkey Grows, Trade Deficit with Russia Shrinks

Euro area international trade in goods surplus 15.2 bn euro.

July 17, 2013

Serbian Foreign Trade Still Highly Negative

Current Account Deficit to fall below 7% of GDP in 2013, the Serbian National Bank reports.

July 17, 2013

Spanish and Polish Prime Minister Support EU-US Free Trade Agreement

On the occasion of a state visit in Madrid, Poland´s Prime Minister Donald Tusk declared that the free trade agreement between the U.S. and the EU would be a driver for economic growth. The EU must strengthen its energy strategy, Tusk said.

July 16, 2013

Austria: Consumer Confidence Negative

Today, Bank Austria has published its monthly economic indicator. Domestic demand will not grow this year, Bank Austria says.

July 16, 2013

Romania: Surplus in Balance of Payments

In January, the balance-of-payments current account posted a surplus of EUR 465 million Y/Y.

March 15, 2013

Serbia: Foreign Trade Grows Significantly

The overall external trade in the Republic of Serbia for January 2013 amounted to EUR 1724.6 million - which was a 9.5% increase compared to the same period 2012.

March 14, 2013

Turkey: Economic Imbalances Become More Visible

Unlike the Eurozone, Turkey´s economy still shows substantial growth rates. However, Turkey suffers from a number of structural weaknesses.

March 13, 2013

Austrian Economy Recovers Cautiously

At the moment, Austria´s economy still stagnates. In the first quarter of 2013, the economic growth rate only comes at 0.1%, the Austrian National Bank says.

March 13, 2013

Russia’s Share in Latvian Exports Decreases

Provisional data of the Central Statistical Bureau show that in January 2013 compared to December of previous year, exports value of goods at current prices decreased by 4.6%, but of imports – by 4.1%.

March 13, 2013

Estonia: Economic Growth Reached 3.2%

According to the second estimates of Statistics Estonia, in 2012 the gross domestic product (GDP) increased by 3.2% compared to the previous year.

March 13, 2013

Czech Republic Records Trade Surplus

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

March 8, 2013

“Austrian Industry Still Taking a Breather”

Signs of a stabilisation emerging in employment. |Reduced cost pressure as a result of current price trends. | Delayed spring awakening in industry may provide too little support for a GDP increase in the first quarter of 2013.

March 5, 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

Hungary: Foreign Trade Falls Substantially

External trade showed a surplus of nearly EUR 7 billion in 2012.

March 4, 2013

Poland`s Economy Slows Down Further

According to preliminary estimates, the Gross Domestic Product in the 4th quarter of 2012 only grew by 1.1%.

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

“Business development focus in solid Austrian ties to Qatar”

Austrian State Secretary meets the Emir of Qatar and Qatar’s Foreign Affairs State Secretary for working discussions.

March 1, 2013

IMF Dissatisfied with Croatia´s Economic Progress

Economic conditions have deteriorated lately, reflecting weak external demand, private sector debt reduction, and lack of business and consumer confidence, the IMF delegation said.

February 28, 2013

Austria Become Second Most Important Trading Partner for Hungary

Last year, only the foreign trade volume between Hungary and Germany was higher. Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz says.

February 23, 2013

Hungary: Government Demonstrates Optimism

Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz, believes that Hungary´s economy will perform well this year.

February 23, 2013

Ukraine: Imports from EU Grew Stronger than Exports

EU27 surplus of 9 bn euro in trade in goods with Ukraine in 2012.

February 22, 2013

Romania: Slightly Lower Current Account Deficit in 2012

First estimates showed current account deficit declining to 3.8% of GDP in 2012 from 4.5% of GDP in 2011, Raiffeisen Research reports.

February 22, 2013

Situation in Bulgaria Remains Tense

After the resignation of the Bulgarian government, the political atmosphere is at a tipping point. The protests continue and are broadening.

February 21, 2013

Austrian Exports Reach new All-Time High

The Austrian Chamber of Commerce (WKO) today presented the foreign trade results of 2012. This year, WKO´s President Christoph Leitl expects s moderate increase in exports.

February 21, 2013