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Consumption

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

Poland: Lending Criteria to Tighten

According to the Polish National Bank (NBP), banks will tighten lending conditions further. NBP wants to support economic growth, but has to prevent a credit bubble.

November 6, 2012

Czech Republic to Stagnate

The economic outlook for the Czech Republic had to be revised again. After a significant recession in 2012, the Czech GDP will only grow by 0.2% next year.

November 2, 2012

Bulgaria´s Growth Rate to Reach 1.0% in 2012

Bulgaria´s economy performs worse than expected. Next year, economic growth will recover.

November 2, 2012

Romanian Economy to Shrink Further

With a large negative contribution expected to come from agriculture, real GDP should decline again in Q3 in quarterly terms (as well in annual terms). The contraction is likely to be larger than initially expected, Raiffeisen Zentralbank forecasts.

October 30, 2012
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