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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
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
Latvia´s Consumer Prices Stable
Compared to February of previous year, consumer prices have increased by 0.3%.
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
Estonia: Turnover in Business Sector Increased by 7 %
2012 proves to be a successful year for the business sector
March 6, 2013
Poland: Government Retains Economic Forecast
Despite the economic slowdown, Poland´s Minister of Finance Jacek Rostowski demonstrates optimism.
March 5, 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
Estonia: Stable Growth in Retail Sales
According to Statistics Estonia, in January 2013 compared to January of the previous year, the retail sales of goods of retail trade enterprises increased 4% at constant prices.
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
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
Ukraine: Hryvnia Expected to Weaken Slightly
Hryvnia enjoyed good support at the market in early 2013 amid diminished depreciation expectations and accelerated debt inflows, Raiffeisen Research reports.
February 21, 2013
IMF Visits Croatia Again
A Mission of the International Monetary Fund, led by Nikolay Gueorguiev, arrived in Croatia for its usual semi-annual visit.
February 21, 2013
Ukraine´s Economy Stagnates
According to the preliminary estimate by the State Statistics Committee, Ukraine’s GDP grew 0.2% yoy in 2012, thus decelerating from 5.2% yoy in 2011.
February 20, 2013
Poland: Economic Slowdown Becomes More Visible
Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.
February 19, 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
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
Russia: Consumer Loans Growing Substantially
At the moment, the market for consumer loans is growing by 40%. The household indebtedness is still relatively low.
February 13, 2013
Austria: Economic Sentiment on the Rise
The Austrian Institute of Economic Research (WIFO) underlines that the economic slowdown comes to a standstill.
February 8, 2013
Czech Republic: Unemployment Grows Further
Among the new EU member countries, the Czech Republic has one of the lowest unemployment rates. However, the country cannot escape the trend.
February 8, 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
Slovakia: Economic Sentiment Improves Slightly
Hard data point to a weakening of activity in the fourth quarter, but an improvement in the assessment of production expectations in industry indicates an improved outlook for 2013.
February 4, 2013
Slovakia: Labor Market Puts Pressure on Household Income
The downturn in employment and weak wage developments are putting downward pressure on sales and indicate that the slump in household final consumption will continue.
February 4, 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
Romania: „Long road to growth“
Most likely, economic activity was flat in Q4 2012. Available data tracking the dynamics of economic activity in Q4 2014 paint a mixed picture, Raiffeisen Research reports.
February 2, 2013
Moody´s Downgrades Croatia
The U.S. rating agency justifies the downgrade with the “bad economic outlook” and the “inflexible fiscal policy”.
February 2, 2013
Slovakia: Government Warns of Economic Slowdown
This year, Slovakia´s government expects lower growth rates than in 2012. Besides that, the austerity pressure is growing.
February 1, 2013
Polish Economy Grew by 2.0% Last Year
Today, the Polish Statistical Office has published the economic data for 2012.
January 30, 2013
Poland: Unemployment Quota at 13.4%
The labor market situation is one of Poland´s most pressing issues. Compared to November 2012, the unemployment quota was up by 0.5 percentage points.
January 24, 2013
IMF: Growth in CESEE Region to Accelerate
In the next three years, economic growth rates in central, eastern and southeastern Europe will return to the pre-crisis level, IMF says.
January 23, 2013
OeNB: Austrian Economy Returns to Growth
Today, Austria´s National Bank (OeNB) has presented the results of the economic indicators.
January 18, 2013
Bulgaria: Private Households Not to Increase Consumption
According to UniCredit Bulbank, the consumer behavior will remain rather cautious this year.
January 5, 2013
Czech Republic: Overall Confidence in Economy on the Rise
Overall confidence in domestic economy increased in December. The composite confidence indicator (economic sentiment indicator) increased by 1.1 points compared to November.
December 27, 2012
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
Ernst & Young: Austria Almost Stagnates
Next year, Austria only will grow by 0.9%, the consulting group says.
December 19, 2012
Austria: “Economic Stability in Sight “
Moderate rise in economic growth: after 0.5 percent in 2012, figure of 0.9 percent anticipated for 2013 due to growing export demand. Long-term outlook: if domestic demand picks up, increase of 1.5 percent on the cards for 2014.
December 17, 2012
Bulgaria: „The pace of economic growth is sustained“
The domestic demand compensates for the deceleration in export, Raiffeisen Research says.
December 14, 2012
Polish National Bank Criticized
Poland´s Minister of Finance Jacek Rostowski thinks that NBP (National Bank of Poland) does not cut interest rates quickly enough.
December 11, 2012
Austria Might Prevent Recession Scenario
According to the Austrian Institute of Economic Research (WIFO), Austria´s economic performance remains weak.
December 10, 2012
Austria Faces Recession
Austria´s National Bank OeNB has revised the growth forecasts one more time. Next year, Austria´s economy will only grow by 0.5%.
December 7, 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
Belka: “Poland Is Free of Economic Imbalances”
The governor of the Polish National Bank (NBP) admits that the economic slowdown is substantial, but no fundamental problem.
December 6, 2012
Slovakia: Turnover in Internal Trade Decreasing
In October, the Slovak retail trade sector shrank by 1.8%. The wholesale sector still expands.
December 5, 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
Romania: Economic Upswing Expected
According with the flash estimates, real GDP declined by 0.5% qoq and by 0.6% yoy in Q3. “In our view, contraction was mainly the result of a plunge in agricultural output.” Austrian Raiffeisen Research says.
November 26, 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
CNB: „Czech Republic Does Not Need Quantative Easing“
The Czech National Bank underlines that the country´s economy is fundamentally stable. The current situation would be managable.
November 20, 2012
Gloomy Prospects for Ukraine
Economic slowdown is gaining momentum: GDP slumped by 1.3% yoy in the 3rd quarter, while industrial output contracted for 5th month in a row in October (by 4.2% yoy), Austrian RZB states.
November 19, 2012
Austria: Second Recession Ahead
The double-dip scenario becomes more and more likely. In the third quarter, Austria´s GDP was down for the first time since 2009.
November 15, 2012
Czech Republic Does not Leave Recession Behind
The country does not only stay in a recession, the situation worsens further, economists say.
November 13, 2012
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