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Brussels

RBI: Economic Recovery Despite Geopolitical Tensions

Economic upswing vs. geopolitics.

April 4, 2014

Austria: Capital Increase for Hypo Group Decided

The Austrian problem bank Hypo Group Alpe Adria will receive € 750m in fresh capital.

April 4, 2014

Austria: Dispute about Bank Tax Culminates

The establishing of a new fund for the banking union will become a financial burden for banking institutes.

April 3, 2014

Serbia: New Government to Hold EU Accession Talks Regularly

The next government of Serbia will hold sessions with regard to the EU accesssion on a regular basis, as announced by Miscevic, chief EU negotiator of Serbia.

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

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: 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

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

International Conference, Vienna, 24-25 April 2014

March 31, 2014

Leitl: “Growth Must Not Mean Less Reforms”

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

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

Serbia: Little Faith in Judiciary

The majority of the Serbian population does not trust state institutions, particularly the judiciary.

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

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

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

Poland: Promising Years Ahead

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

March 25, 2014

Serbia: President Announced “Pro-Serbian Government”

Tomislav Nikolic, Serbian President, announded the future government to be pro-Serbian.

March 24, 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

Serbia Wants to Keep Balance Between Russia and EU

Serbia´s Prime Minister Ivica Dacic does not want to stab Russia in the back. At the same time, Dacic keeps an eye on Brussels.

March 24, 2014

Zeman Wants Ukraine to Cooperate with Brussels

According to Czech President Milos Zeman, Russia´s occupation of the Crimea is a “cold-bloodedly” step against the Ukraine. The crisis-ridden country should work together more closely with the EU.

March 22, 2014

Final Time-Out for Austrian Bank Secret

During the EU Summit the final time-out for the Austrian bank secret for foreigners was decided. Both Austria and Luxembourg agreed to give up their banking secrets.

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

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

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

Hungary: Jurisdiction Affects FX Loans and Banks

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

March 18, 2014

Austria: Carinthia Forced to Pay for Hypo Group

Finance Minister Michael Spindelegger announced wanting to include the federal province of Carinthia to participate in the downsizing costs for ailing bank Hypo Group Alpe Adria. Austerity measures are “inevitable”.

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

Austria: Delay in RBI Paying Back State Capital

Austrian Raiffeisen Bank International (RBI) will take longer than planned to pay back state capital.

March 15, 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

Serbia to Continue Path towards EU

Even after the elections the new government intends to continue the path towards an EU membership.

March 13, 2014

RBI Rejects Rumors of Delayed Pay-Back of State Aids

RBI is expected to pay back € 1.75bn in public state aids.

March 12, 2014

Austria: Banking Secret for Foreigners to be Abolished Forever

From 2017 on, the banking secret for non-Austrian residents will be abolished completely.

March 11, 2014

Wifo: Economic Recovery Lacks in Momentum

Economic growth in the Eurozone is still without a major drive. In Austria too, economic recovery is still restrained.

March 11, 2014

Austria: Hypo Group Disaster with Exorbitant Costs

The extent of the disaster of Austrian problem bank Hypo Group Alpe Adria only starts to unfold bit by bit. A further capital injection of € 750m is needed only for the ailing bank to complete its balance sheets.

March 11, 2014

EUSD: Austria “Ready to Agree“

Despite earlier statements to the contrary, Austria could now agree to the extension of the European Saving’s Directive (EUSD) during tomorrow’s ECOFIN meeting in Brussels.

March 10, 2014

Austrian Bank Secret Remains Until 2017

Austrian Finance Minister Spindelegger will present proposals for amendments of the EUSD tomorrow.

March 10, 2014

Slovenia: Government Envisages Reform Measures

After the EU Commission delivered a warning to Slovenia over the macroeconomic imbalances Prime Minister Alenka Bratusek announced yesterday she had expected such a report.

March 7, 2014

Slovenia: Commissioner Calls for Reforms and Further Privatizations

EU Commissioner for Economic and Monetary Affairs Olli Rehn said that Slovenia had to continue to push forward with further privatizations and economic reforms.

March 6, 2014

Czech Republic: Economic Growth Speeding up

In the last quarter in 2013 the Czech economy grew faster than anticipated and even outdid all other EU member countries.

March 6, 2014

Poland Reconsiders Joining Eurozone

The current political crisis in Ukraine is also causing turmoil at the Polish financial markets letting the national currency drop significantly against the Euro.

March 5, 2014

Serbia: Economic Changes Urgently Needed

Economic Forum highlights need for reforms.

March 5, 2014

S&P: European Banking Sector Faces Worse Ratings

According to the rating agency, the public support for the European banking sector is essential in many cases. Without financial support, banks might be downgraded.

March 5, 2014

Serbia: Dacic Unsure of Future Government

Outgoing Prime Minister and leader of the Serbian Social Party (SPS) Ivica Dacic is unsure about how the new government will be formed.

March 4, 2014

Austria Losing in Innovation Ranking

The EU member countries are catching up with the US and Japan in regard to innovation. However, Austria is not among the top players.

March 4, 2014

Austria: Unemployment Rate Rises Once Again

Once again the unemployment rate in Austria saw a significant rise. More than 440,000 persons were registered jobsless in February.

March 3, 2014
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