Austrian Investment News and Analysis
Read the latest headlines about developments in the investment environment in Vienna and Austria
Czech Banking Industry Reduces Lending Significantly
According to a survey issued by the Czech National Bank, banks tightened their credit standards in all the monitored credit market segments in 2013 Q2.
July 22, 2013
Austrian GDP Growth Above European Average
In 2012, Austria saw a growth of GDP of 0.9 percent which is signifantly above the European average.
July 12, 2013
Czech Republic: Gloomy Prospects for Economy
The Czech economy is shrinking. According to experts, new Prime Minister Jiri Rusnok will not be able to change much. Enterprises have started to cut back on investments.
July 12, 2013
Serbia to Invest € 10bn in Energy Sector
Serbia will invest € 10 bn in the development of the energy sector in the next eight years.
July 12, 2013
Poland: NBP Downgrades Forecasts for GDP and CPI
The National Bank of Poland (NBP) downgrades GDP and CPI forecasts over next two years.
July 9, 2013
Abramovich Withdraws from Politics
Abramovich resigned from office as speaker of the parliament of the Koryakia Autonomous District.
July 2, 2013
Leitl: „Cut of Base Rate by ECB Important and Necessary Signal“
President of the Austrian Chamber of Commerce Christoph Leitl welcomed the cut of the main refinancing rate to 0.5 percent.
May 2, 2013
Croatia Looking at EU Through Rose-Tinted Glasses
On July 1, Croatia will be joining the EU as 28th member state. Croatia is the first country after the economic crisis to become a member of the Union.
April 17, 2013
Favorable Outlook on Estonia’s Economy
Estonian economy’s consistent growth will continue in the coming years
April 11, 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
Hungary: GDP Fell by 2.7%
The gross domestic product of Hungary decreased by 2.7% in the fourth quarter of 2012 compared to the corresponding period of the previous year.
March 8, 2013
Leitl: "Restructuring Instead of Cashing in"
Christoph Leitl, head of WKO (Austrian Chamber of Commerce), dismisses further plans for a tax hike. The outcome would be fatal and the economy exposed to threats.
March 6, 2013
Estonia: Turnover in Business Sector Increased by 7 %
2012 proves to be a successful year for the business sector
March 6, 2013
Lithuania: Investment in Tangible Fixed Assets and Construction 2012 Grew Slightly
Statistics Lithuania presents a statistical publication Investment in Tangible Fixed Assets and Construction, which provides statistical information for the year 2012 prepared based on quarterly statistical survey data.
March 6, 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
“I do not expect for crediting requirements to tighten”
There is no reason for crediting requirements to be tightened, Zoran Stavreski, Macedonia´s Minister of Finance says.
March 4, 2013
Hungary: Rise in Investments in Manufactury Industry
Yet investments in the national economy in general dropped by 7.9 % compared to the last quarter of 2011.
March 1, 2013
Hungary Enlarges Railway Network
State Secretary on Foreign Relations Peter Szijjarto announced that MAV (Hungarian Railways) starts its biggest investment program since WWII.
February 28, 2013
Hungary: Investments Continue Decreasing
In 2012 the volume of investments in the national economy was 5.2% lower than in the previous year.
February 28, 2013
Romania: Disappointing Economic Growth
“According with the flash estimate, GDP increased marginally in Q4 2012 (+0.2% qoq), which was a touch above our expectations and market consensus”, Raiffeisen Research reports.
February 21, 2013
Austria: GDP Decrease Due to Declining Consumption
In the fourth quarter of 2012, Austria´s economy shrank by 0.2%. In the full year 2012, Austria´s GDP expanded by 0.7%.
February 14, 2013
Tusk: “First Months Will be Most Difficult”
Poland´s Prime Minister Donald Tusk explained that the Polish economy will recover in the second quarter of 2013.
February 4, 2013
Czech Republic Returns to Growth Slowly
According to the Czech Ministry of Finance, the recovery will be only gradual. This year, GDP is expected to increase by 0.1%.
February 2, 2013
Polish Economy Grew by 2.0% Last Year
Today, the Polish Statistical Office has published the economic data for 2012.
January 30, 2013
OeNB: Austrian Banks Remain Cautious
According to Austrian National Bank, the Austrian banking industry tends to keep the strict lending policy in the corporate banking sector.
January 30, 2013
Slovenia: Corporate Lending Falls Considerably
Due to the difficulties in the Slovenian banking sector, the real economy suffers from a credit crunch.
January 30, 2013
Austrian Economy: IHS and WIFO Cautiously Optimistic
The two Austrian economic research institutes anticipate an economic recovery in the second half of 2013.
December 21, 2012
“Risks to Financial Stability Remain High”
The European sovereign debt crisis continues to impact international financial markets. Despite the stabilizing effect of monetary and financial policy measures the risks to financial stability remain at a high level, OeNB says.
December 14, 2012
Czech Republic: Recession Continues
In Q3 2012, the gross domestic product adjusted for price, seasonal, and calendar effects decreased according to the refined estimate by 1.3%, year-on-year (y-o-y), and by 0.3%, quarter-on-quarter (q-o-q).
December 7, 2012
Poland: Economic Growth Flattens Further
The crisis in the Eurozone also hits Poland. In the third quarter, the economic growth rate only came at 1.4%.
December 3, 2012
Hungary: Small Decrease of Investments
In quarter 3 of 2012 the volume of investments in the national economy was 2.1% lower than one year before.
November 29, 2012
Czech Republic: Overall confidence in economy decreased
The composite confidence indicator (economic sentiment indicator) decreased by 1.7 points compared to October.
November 26, 2012
Austrian Economy Stagnates
According to Austrian National Bank (OeNB), the economic growth rate will be slightly negative. A recession is not excluded.
October 12, 2012
Verbund Does Not Exclude Sale of Enerjisa
The Austrian energy company Verbund is said to withdraw from Turkey. However, further investments would be conceivable too, Verbund says.
October 12, 2012
Verbund in Turkey: Further Investments Instead of Withdrawal
In August, Verbund was said to sell its stake in Enerjisa to German eon. Now, Verbund may enlarge its investments in Turkey further.
September 19, 2012
Poland Adapts Austerity Targets
Due to the economic crisis in Europe, the Polish government gives up its aim to reach a budget deficit below 2.2% of GDP.
September 5, 2012
Hungary: Foreign Direct Investments Declining
Against the reference period of 2011, investments in Hungary were down by 6%.
September 3, 2012
Romania Still Shows Weak Growth Rates
“We expect economic recovery to remain sluggish. Weak external demand suggests exports and industry would not offer support to GDP growth. “ RCB (Raiffeisen Centrobank) says.
August 31, 2012
Austrian Middle Class Demonstrates Optimism
According to a recent study, Austria´s middle sized firms expect a positive future. The willingness to invest is growing.
August 25, 2012
Investment in Czech Republic Still Below Pre-Crisis Level
The global financial crisis, which originated in the USA in 2007 also hit the Czech Republic quite hard despite the fact that neither its internal nor external imbalances were excessive, the Czech Central bank stated.
August 24, 2012
Global Increase in Direct Investments made by Austrian Companies
In addition to CEE/SEE countries, growth in Austrian direct investments was also seen in Germany, Russia and Turkey.
August 21, 2012
Daimler Said to Double Production in Hungary
The Germany automobile producer may enlarge its production facilities in Hungary massively.
August 20, 2012
Investments: Gold and Real Estate on the Rise
Compared to 2007, Austrian savers shift their assets towards gold and real estate. Investment funds and shares are less popular.
August 13, 2012
RHI Does Not Exclude Shutdowns
The Austrian manufacturer of refractory products faces capacity problems in the steel sector. Investments may be cut.
August 9, 2012
OMV to Focus on Gas Business
The Austrian oil and gas company intends to exploit natural gas in proximity to Europe. The Black Sea and the North Sea are the strategically most important areas.
August 8, 2012
Austrians Tend to Save Less
Erste Bank 2nd Quarter Savings and Credit Forecast: Half of Austrians expect an economic upswing within the next two years. The average savings amount drops further to € 4,617.
August 7, 2012
Kapsch TrafficCom Strengthens Presence in Mexico
The Austrian IT company acquired 33% of Mexican SIMEX.
August 1, 2012
AUA Invests € 80m in Long Distance Flights
Lufthansa´s subsidiary Austrian Airlines upgrades its airplanes. Ten long distance plances will be renewed.
July 30, 2012
Verbund Modernises Styrian Hydropower Plants
Austrian Verbund invests € 400m in hydropower plants. „Annual electricity requirements of all private households in Styria already met with clean hydropower.“
July 20, 2012
Bulgaria Aims to Join Eurozone
Bulgaria´s Finance Minister Simeon Djankov underlines the importance of the banking supervision and the Fiscal Pact, but wants to keep the fiscal competence.
July 16, 2012
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