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Consumption

“Problems in the CESEE Region Are Mainly Fundamental”

In an interview with Gazeta Wyborcza, Reza Moghadam, director of the IMF´s European Department, says that the weakness of the CESEE region is not only cyclical.

October 18, 2013

Bulgaria to Encourage Chinese Investments

Investments from China in Bulgaria currently come at € 85m, reports SME Times.

October 18, 2013

IMF Warns of Financial Instability in CESEE

Due to the high non-performing loan quota and the deleveraging of Western banks, the countries of Central, Eastern and Southeastern Europe are still far from financial stability.

October 18, 2013

„Czech Republic Does Not Fully Use Its Potential“

Czech Prime Minister Jiri Rusnok thinks that the performance of the Czech economy is not dramatically bad. However, the Czech Republic must use its opportunities more effectively.

October 17, 2013

IMF: „Banks and Companies in a Vicious Circle“

Not only Greece, Spain or Portugal are struggling with a financially stricken banking sector. In Southeastern Europe, the situation is quite similar.

October 11, 2013

Croatia: Domestic Consumption Remains Weak

In the next years, Croatia´s economic performance will mainly depend on external factors.

October 5, 2013

Romania: Recovery Depends on External Factors

Thanks to foreign demand and foreign investors, Romania´s economy accelerates. However, domestic demand is still the country´s weak point.

October 4, 2013

Raiffeisen Research: CESEE Deserves Better Credit Ratings

Analysts of Raiffeisen Research think that Austria´s sovereign debt rating is worse than the rating agencies say. The CESEE region, by contrast, is seen too critically, Raiffeisen Research argues.

October 4, 2013

Romania: Consumption Remains Sluggish

In order to support Romania´s economy, the National Bank of Romania continues its monetary easing policy.

October 3, 2013

Upward Trend in Poland´s Labor Market

The unemployment quota stabilizes at a high level. Poland´s economic outlook improves gradually.

October 1, 2013

CESEE: Consumer Loans Decline Considerably

Since 2008, Austrian consumers tend to refrain from consumer credits. In the CESEE countries, the downward trend is even more obvious.

September 29, 2013

Poland: Recovery Remains Fragile

Poland´s economy has bottomed out. However, the recovery mainly depends on foreign demand.

September 26, 2013

Czech Republic: Recession Is Not Managed Yet

This year, the Czech GDP is expected to contract by 1.1%, the Czech Ministry of Finance forecasts.

September 26, 2013

Croatia to Issue Dollar Bonds

In order to cover its foreign exchange needs, Croatia will issue a dollar bond with a size of $ 2.7bn.

September 24, 2013

Czech Republic: Economic Frame Conditions to Brighten

The Czech National Bank expects slightly better economic data for the Czech Republic this year.

September 21, 2013

Slovakia: Economic Forecasts Improves

The economic perspective for Slovakia remains rather gloomy. In 2014, Slovakia´s economy will reach the turnaround.

September 21, 2013

Czech Republic: No Further Monetary Easing

As long there are no risks of deflation, the Czech National Bank will leave the current monetary policy unchanged. Further easing measures are not necessary.

September 15, 2013

Romania: Economic Performance Better than Expected

In the second quarter, economic growth reached 1.5%, which is beyond the initial forecasts.

September 9, 2013

Polish Central Bank Holds Interest Rate Flat

Poland´s economy begins to recover. NBP leaves the base rate at 2.5%.

September 5, 2013

Poland: Tusk Demonstrates Optimism

This year, Poland´s economic growth begins to accelerate. According to Prime Minister Donald Tusk, the growth rate will be higher than 1.5%.

September 4, 2013

Slovenia: Recession Goes On

In the second quarter, Slovenia´s GDP was down by 1.7% year on year. This year, Slovenia´s GDP will fall by 3.0%, economists say.

September 2, 2013

Hungary: Another Base Rate Cut

Hungary´s National Bank (MNB) has cut the base rate from 4.00% to 3.80%. This is a new record low. Nevertheless, MNB was expected to decide a lower cut.

August 31, 2013

Czech Republic: GDP to Shrink Further

The Czech Republic will not leave the recession behind soon. The economic forecasts had to be revised again.

August 31, 2013

Turkey: Overall Dissatisfaction Grows

A new poll carried out by Gallup shows that about a third of the Turks feel themselves suffering from an economic point of view.

August 25, 2013

CESEE Faces Economic Recovery

According to Moody´s, the economic outlook for Central, Eastern and Southeastern Europe is positive. Nevertheless, the recovery is still fragile.

August 24, 2013

Russia: Stable Outlook, Lower Growth Rates

The rating agency Fitch reiterates the “BBB” rating for Russia. The outlook remains stable. However, Russia´s GDP forecast had to be lowered.

August 17, 2013

Czech Republic: Retail Sales dropped Again

In June, sales in retail trade including the automotive segment after seasonal adjustment decreased by 1.5% at constant prices, month-on-month.

August 6, 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

Retail Trade: Sharp Decrease in Slovenia and Romania, Poland

Volume of retail trade down by 0.5% in euro area Down by 0.3% in EU27.Poland and Romania register strong growth rates.

August 5, 2013

Slovenia: Economic Sentiment Stabilizes

This year, Slovenia will not be able to leave the recession behind. However, the economic sentiment begins to improve in some sectors.

August 5, 2013

Slovenia: Household Income Shrinks

For the first time since its independence, Slovenia´s households record a decrease in disposable income.

August 2, 2013

Russia: Consumer Debt Grows Persistently

Russia´s Central Bank wants to stop the increasing debt servicing costs for Russian households.

August 2, 2013

Poland: Dispute Between NBP and Finance Ministry

Finance Minister Jacek Rostowski and Governor of Polish National Bank Marek Belka are blaming each other for the poor performance of Poland´s economy.

July 23, 2013

Poland: Economic Trend Reversal Likely

In the 1st half of 2013, together with still unfavourable business tendencies on global markets, the economic slowdown maintained in Poland. However, forecasts give reason for cautious optimism..

July 23, 2013

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

Erdogan Attacks Banks

Turkey´s Prime Minister wants to strengthen his fight against the over-indebtedness of private Turkish households. According to Erdogan, banks are responsible for the unfavorable situation.

July 18, 2013

Russian Economy Shows Insufficient Diversification

The Russian economy is primarily based on commodities, economists at the Moscow Higher School of Economics report. In the medium term, Russia has no growth potential, the experts say.

July 18, 2013

Turkey Suffers from Massive Capital Outflow

Due to the mass protests and the sharp political reactions, investors became suddenly much more cautious.

July 17, 2013

Austria: Most Risks Do not Come from Eurozone

The greatest risks threatening a continued economic recovery in Austria currently stem from the global economic trend and, to a lesser extent, from the Eurozone, Ban Austria reports.

July 17, 2013

CNB Expects Croatian GDP to Contract Remarkably

The Croatian National Bank forecasts a GDP decline of 1.0% in 2013.

July 17, 2013

Austria: Consumer Confidence Negative

Today, Bank Austria has published its monthly economic indicator. Domestic demand will not grow this year, Bank Austria says.

July 16, 2013

Poland: Economic Upswing not before 2014

Poland´s National Bank NBP expects that the country´s economic performance will not improve visibly this year.

July 16, 2013

Slovakia: Economic Sentiment Indicator Increased to 90.4

The three-month moving average of economic sentiment indicator (ESI) increased by 1,8 points to 90,4 compared with the previous month´s value.

March 30, 2013

Serbia: Real Income Shrinks

Available budget and individual consumption of households in the Republic of Serbia, Preliminary data, 4th quarter 2012.

March 15, 2013

Czech Republic: Highest Internet Retail Sales in 26 Months

Highest growth rates in internet retail and house order sales and IT/communication equipments.

March 14, 2013

Turkey: Economic Imbalances Become More Visible

Unlike the Eurozone, Turkey´s economy still shows substantial growth rates. However, Turkey suffers from a number of structural weaknesses.

March 13, 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

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
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