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Austria Presents Financial Budget for 2022
Austrian Finance Minister Gernot Blümel presented Austria's draft financial budget for 2022 to the Austrian Parliament in the form of the annual budget speech. The plan includes tax reforms, budget increases for various ministries, estimates regarding the COViD-19 crisis, and more. Read some of the specific provisions in the budget outlined by the finance minister.
October 14, 2021
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Austrian Wholesale Prices: Largest Increase Since March 2011
In July 2021, wholesale prices saw their largest year-over-year increase since March 2011. The increases can be seen in the steel industry, gas industry, agricultural industry, and more. Read about which other industries the increases are affecting and just how significant the increases are.
August 6, 2021
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Can Glyphosate Now Be Banned or Not?
With the issue of the notification statement from the European Commission, the discussion about the Glyphosate ban is starting again. According to the Agricultural Ministry it is clear that the ban is not legally compliant. However, for GLOBAL2000 a ban is still possible.
August 19, 2020
Total Ban on Glyphosate in Austria Adopted
Austria is the first country in the European Union to ban the use of the controversial weedkiller glyphosate. The ban is legally controversial and could contradict EU law.
July 4, 2019
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IAEA Laboratories in Seibersdorf - A Hub of Scientific Excellence
The laboratories of the International Atomic Energy Agency (IAEA) are located in the town of Seibersdorf, where scientists carry out unique work in support of global peace and development. Located 35 kilometres south of Vienna, the 10 laboratories play an important role in the IAEA’s activities in the areas of nuclear verification, food and agriculture, human health, industrial applications and the environment. Recently Austrian President Van der Bellen paid a visit to Seibersdorf.
October 16, 2018
Exporters to Russia Facing Increasing Payment Risk
Russia is currently experiencing a slowdown in economic growth, and the situation is most likely to deteriorate further as a result of the newly imposed sanctions. Atradius is observing an impact across all sectors in the form of decreasing domestic demand, a weaker rouble exchange rate, a rise in inflation, limited access to external financing and international capital outflow.
September 18, 2014
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Russia Orders Agricultural Import Bans in Sanction Retaliation
Vladimir Putin signed a decree limiting or banning imports of agricultural products from countries which have imposed sanctions on Russia, the Kremlin's press service announced. It is estimated that following CEE/SEE countries will be hit by the retaliatory sanctions: Romania, Serbia, Hungary, Poland, Slovakia, Czech Republic, Slovenia, Bulgaria, Ukraine, Brussels, Croatia, Estonia, Latvia and Lithuania.
August 6, 2014
Slovenia: SMEs Protest Against Real Estate Tax
Tax bills would rise by many times for small business owners.
February 24, 2014
Hungary: Austrian Farmers Still Left in the Dark
There is still no clarification in the controversial Hungarian land law for Austrian farmers and land owners.
January 9, 2014
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Hungary Amending Figures of Budget Deficit
Hungarian Finance and Economy Minister Mihaly Varga announced that the budget deficit of 2013 will be below the target after it was lowered dramatically.
January 8, 2014
Romania´s GDP Growth to Slow Down
In 2014, Romania is expected to grow moderately. Compared to 2013, growth will decelerate. The recovery mainly depends on exports.
December 16, 2013
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UniCredit Toying With Idea of Take-Over in Poland
Italian bank UniCredit considers to extend business at the growing Polish market by a take-over.
October 3, 2013
China to Acquire Ukrainian Farmland
In the coming fifty years crops are supposed to be grown and animals should be bred in the Ukraine for the Chinese market.
September 23, 2013
Bulgaria Allows Non-Residents Acquisition of Farmland
Bulgaria will allow foreigners will be able to acquire agricultural land.
September 16, 2013
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Austria: Spindelegger Confident About Becoming New Chancellor
The intense elections campaign for the Austrian People’s Party (ÖVP) has officially started on Tuesday. Deputy Chancellor and party leader Spindelegger promised more jobs and housing space.
September 11, 2013
Romania: West Region to Catch Up Economically
Romania's West Region aims to catch up with its more developed peers in the European Union.
September 9, 2013
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Serbia: UK Enterprises Likely to Invest in Serbia
70 British companies are interested in investing in Serbia's economy.
September 6, 2013
President Fischer Urges Austria to “Roll Up Sleeves“
In regard to the current election campaigns, the Austrian President Heinz Fischer has urged the parties for joint efforts.
September 4, 2013
Ukraine Remains in a Recession for a Year
In the second quarter of 2013 GDP contracted by 1.1 percent on a year-on-year comparison basis.
August 20, 2013
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Romania: GDP Slowed Down in Second Quarter 2013
Romania: GDP slowed down in Q2, as expected by RBI.
August 16, 2013
Romania: Positive Inflation Development
Inflation dynamics in Romania surprised on the positive side in July.
August 13, 2013
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Romania: Good Prospects for Economic Upturn
In Romania, the inflation forecast for 2013 and for 2014 has been lowered to 3.1 percent which is 0.1 percent less compared to previous figures.
August 9, 2013
Hungary: Land Reform Evokes Conflict
“Hungarian soil belongs to Hungarian people“. This is the maxim of national-conservative ruling party of Prime Minister Viktor Orban.
August 8, 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
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Austria: Increased Demand in Romanian Exports
For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.
July 24, 2013
Croatia: Agrokor Becomes Biggest Retailer in SEE
After the take-over of Slovenian chain of retail stores Mercator, Croatian corporation Agrokor employs 60,000 persons in the region of former Yugoslavia.
June 18, 2013
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Austria: Highwater Damages Higher Than in 2002
A surface of 22,000 hectars was flooded in Austria. The Chamber of Agriculture estimates damages to be highter than during the last major flood in 2002.
June 14, 2013
Slovenia: Mercator to be Finally Sold
It is the ninth sale attempt for Slovenian trade chain Mercator today, but it could be finally sealed. Croatian corporation Agrokor is the interested party. A dozen owners will decide about the retail chain’s fate.
June 14, 2013
US: Kerry Announced Support of Ukraine’s EU Integration
US Secretary of State John Kerry announced his support for Ukraine’s move towards an EU membership.
May 13, 2013
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US: Most Important Export Market for Austrian Wine
The United States have replaced Germany as the most important export market for Austrian wine.
April 25, 2013
Hungary: Lopatka Presses For Legal Security for Austrian Enterprises
State Secretary Reinhold Lopatka met with Hungarian State Secretary for European Affairs Gergely Pröhle in Budapest toda to urge for legal security for Austrian enterprises in the neighboring country.
April 19, 2013
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„Unlawful“ Farming in Hungary
The estimated 200 Austrians, who are engaged in agriculture in Hungary, are apparently not highly esteemed by Hungarian Prime Minister Viktor Orban.
April 16, 2013
Russia: Kalashnikov-Producer Izhmash Suspected of Embezzlement
A former General Director is suspected of having transferred securities beyond their value. A lawsuit based on corruption allegations was filed against a former Deputy Agriculture Minister.
April 11, 2013
67 % of Estonians Work in Service Sector
According to the data of the 2011 Population and Housing Census (PHC 2011) of Statistics Estonia, 67% of persons employed in Estonia worked in service sector, 29% in industrial sector and only 4% in primary sector.
March 30, 2013
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Hungary: Tax Overhaul Finalized
Minister for National Economy: taxation system completed - time for fine-tuning.
March 27, 2013
Lithuania: Exports Decreased by 7.6 % in January
Foreign trade in January 2013 decreased. Major losses in Agricultural sector.
March 8, 2013
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Hungary: Austrian Farmers on the Verge of Dispossession
A new regulation should help Hungarians prevent from "greedy speculators".
March 8, 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
Hungary: Incoming National Economy Minister Summarizes Targets
Succeeding Minister of National Economy Mihály Varga outlined economic policy cornerstones
March 7, 2013
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Hungary: Expropriation of Foreign Farmers
Prime Minister Viktor Orbán announced further steps and plans the dispossession of foreign investors.
March 7, 2013
Romania: Slight Increase of GDP for 2012 at 0.1 % on Y/Y Comparison
Record decrease at 24.6 % in agriculture, industrial production better off with decrease of 2.4 %. The highest increase was recorded in IT and communication, services and health/social assistance.
March 6, 2013
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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
Hungary: Hope for Soon Economic Recovery Vanishes
In the last quarter of 2012, Hungary´s GDP was down by 2.7% compared to the reference period of 2011.
February 19, 2013
Spindelegger: “Acceptable Result for Austria”
“For Austria, this result is not exactly a reason to be euphoric, but it is important both for Europe and for us that we have managed to reach an agreement.” Austria´s Minister of Foreign Affairs said.
February 12, 2013
Despite Budget Cut: Poland Receives More Money
“This is one of the happiest days of my life.” Poland´s Prime Minister Donald Tusk said.
February 11, 2013
Hungary´s Economy to Recover?
Hungarian Minister of Economics György Matolcsy says that the country may achieve the turnaround this year. Last year, several adverse factors occurred at the same time, Matolcsy explained.
February 7, 2013
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Continued Success for Austrian Wine Exports
The Austrian wine industry managed to maintain export volumes in 2012 despite the low yields and even saw revenues increase.
January 29, 2013
Hungary: Production of Main crops Decreases Sharply in 2012
In 2012, 25% less cereals were produced on a 2% larger area than in the previous year.
January 21, 2013
Austria´s EU Contributions to Increase Substantially
Austria is expected not only to lose its discount, but also to receive lower subsidies.
December 18, 2012
Austria: Agricultural Income Declines
First estimates for 2012 show decline in agricultural income in Austria.
December 12, 2012
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