Sponsored Content
Czech Republic
Hungary: In a Debt Crisis Soon?
New all-time high in debts was reported. Hungarian populations hopes for fast political turn-around.
March 22, 2013
EVN to Start Arbitration Procedure
Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.
March 19, 2013
Czech Republic: Opposition Rejects Austerity Measures
Opposition leader Sobotka was re-elected last Friday as chairman of the Social Democrats. In an interview with Reuters he explains why the government needs to slow down on austerity measures.
March 18, 2013
CSA: Korean Air Gets In
The South Korean airline will take over the publicly held stake in the loss-making Czech carrier.
March 16, 2013
Czech Republic: Contruction Industry Sees Further Declines
In January 2013 the construction output declined by 9.3%, year-on-year (y-o-y). The planning and building control authorities granted by 4.1% more building permits, y-o-y, and the approximate value of permitted constructions dropped by 31.7%, y-o-y.
March 15, 2013
Czech Republic: Industrial Production Decreased by 4.1%
In January 2013, industrial production decreased at constant prices by 4.1%, year-on-year. Compared to the previous month, seasonally adjusted industrial production was the same as in December 2012. The value of new orders decreased by 7.6%, y-o-y.
March 15, 2013
Czech Republic: Population Grows Slightly
In 2012, the population of the Czech Republic increased by 10.7 thousand to 10 516.1 thousand persons.
March 14, 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
Improvement on the Czech Commercial Real Estate Market in Sight?
Bank Austria sees anti-cyclical investment opportunities in the Czech Republic and CEE. The Czech Republic offers a low country risk and transparent real estate market.
March 13, 2013
Bulgaria: Latest Protests Against Privatizing of Railway
Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).
March 12, 2013
Czech Republic: Slight Increase of Consumer Price Index
Consumer prices in February increased by 0.1% compared with January. This rise came primarily from price increases in 'transport' and 'recreation and culture'. The year-on-year growth of consumer prices decelerated to 1.7% in February (1.9% in January).
March 11, 2013
Czech Republic: Average Wage Increased Due to Bonuses
In Q4 2012 the average gross monthly nominal wage per employee FTE in the entire national economy increased by 3.7% compared to the corresponding period of the previous year.
March 11, 2013
Czech Republic: GDP Decreasing by 2.1%
The gross domestic product adjusted for price, seasonal, and calendar effects decreased according to the refined estimate by 1.2% compared to 2011; the decrease was gradually deepening during the year.
March 11, 2013
Czech Republic Records Trade Surplus
Imports as well as exports were down significantly. The foreign trade surplus increased slightly.
March 8, 2013
Czech Republic: Erste Group Cutting More Jobs
Because Erste Group has to save CZK 1bn (€ 39m) this year, economy measures need to be taken.
March 8, 2013
CZ: President Klaus Leaving Presidential Office
After having been in office for ten years, Czech President Vaclav Klaus left Prague Castle. Today, Friday March 8, his sucessor Milos Zeman is going to be sworn in.
March 8, 2013
Recession in Euro-Area Still Affects CESEE Countries
According to the Vienna Institute For International Economic Studies (wiiw), the double-dip recession over, yet there is no economic growht in sight for CESEE countries.
March 7, 2013
CSA: Korean Air as Only Bidder
The Korean airline company aims to take over the publicly held stake in Czech Airlines (CSA). Korean Air only offers € 2.64m.
March 7, 2013
Bulgaria: Electricity Rate to be Reduced by 7 %
Experts still fear that the reduction in electricity prices will not help stopping protests.
March 6, 2013
Last Meeting between Klaus and Gasparovic
The Presidents of the Czech Republic and of Slovakia will have a last meeting tomorrow.
March 5, 2013
Czech Republic Eases Austerity Policy
In order to boost economic growth, the Czech government tends to refrain from the strict austerity course.
March 5, 2013
Bulgaria: Eagles Briges Civic Association To Be Found in Sofia
Protesters are gathering in the Arena Armeets Hall to differentiate their pleas.
March 4, 2013
Czech Republic: Economy still Down. Hopes are Up.
Specialists, despite of the current situation, predict slight economic growth for 2013 after year of recession.
March 4, 2013
Czech Republic: Bilateral Trade with Austria Shrinks
The official export figures are not known yet. However, experts think that the foreign trade volume between the Czech Republic and Austria was down in 2012.
March 2, 2013
Czech Republic: Unemployment Grows Slightly
In January 2013, the general employment was up by 1.3 percentage points. The unemployment rate came at 7.0% in January.
March 1, 2013
Alpine: Major Contract in Czech Republic
Alpine to rehabilitate the Czech D1 Motorway. Final award of contract to the Alpine/OHL ZS consortium upon expiration of statutory period for filing objections.
February 26, 2013
CEZ: Czech Republic Calls Brussels for Help
After the Czech energy group CEZ has lost its license in Bulgaria, the Czech government wants Brussels to put pressure on Sofia.
February 25, 2013
Czech Republic: Trends in 2012
Export and Import Price Indices and Price Indices for International Transport
February 25, 2013
Czech Republic: Agrofert Takes Over German Bakery Chain Lieken
Barilla, the world’s leading manufacturer of pasta products, announced that it had fixed a deal with the Czech company Agrofert to sell the German baking enterprise, Lieken AG.
February 25, 2013
Bulgaria: Protests Continue in Sofia and Varna
Bulgarian political decisions are afflicted by extreme unpopularity as almost 60 % of the population suffers from immediate poverty. Riots continue in Sofia and Varna.
February 24, 2013
CESEE: Stress of Competition is Growing
CEE significantly more industrialized than euro area (30% vs. 19%) but still needs to catch up in terms of competitiveness.
February 20, 2013
Bulgaria Cuts Energy Prices
After heavy citizens´ protests, the Bulgarian government has lowered the energy prices by 8%. Moreover, the Czech energy group CEZ loses its license.
February 19, 2013
Protests in Bulgaria Threaten to Escalate
Despite the resignation of Minister of Finance Simeon Djankov, the protests go on and may turn into riots. The opposition wants to hold new elections.
February 19, 2013
Czech GDP Was Down by 1.1% in 2012
In the Q4 2012 the gross domestic product adjusted for price, seasonal, and calendar effects decreased by 1.7%, year-on-year, and by 0.2%, quarter-on-quarter, according to the preliminary estimate.
February 14, 2013
Inflation Slightly Below CNB’s Forecast
The Czech National Bank comments on the January 2013 inflation figures.
February 12, 2013
CESEE: Banking Industry Slightly Optimistic
Unlike their counterparts in Central and Eastern Europe, Czech bankers are relatively satisfied with the performance of the domestic banking market.
February 11, 2013
Czech Inflation Rate Flattens
In January, consumer prices were up by 1.3%. In the last twelve months, the price increase was 1.9%.
February 11, 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
Klaus Recommends to Split Eurozone
According to the outgoing Czech President, the separation of the eurozone would be cheaper than maintaining the currency union.
February 7, 2013
Czech Industrial Production Slightly Decreased in 2012
Industrial production slightly decreased in 2012 after two years of growth. The year-on-year decrease started in the Q2 and gradually deepened in the following periods.
February 7, 2013
Czech Service Industry Shrinks
In Q4 2012, seasonally adjusted sales in services decreased, quarter-on-quarter, at constant prices by 1.6%.
February 7, 2013
Czech National Bank Keeps Interest Rates Unchanged
The CNB Bank Board decided at its meeting today to keep interest rates unchanged. The two-week repo rate was maintained at 0.05%, the discount rate at 0.05% and the Lombard rate at 0.25%.
February 6, 2013
Czech Construction Industry Shrinks Substantially
Construction output down by 6.5% in 2012. In December 2012 the construction output declined by 17.3%, year-on-year (y-o-y).
February 6, 2013
Czech Industrial production Dropped by 1.2% in 2012
In December 2012, industrial production decreased at constant prices by 12.5%, year-on-year; working days adjusted industrial production decreased by 5.8%.
February 6, 2013
Czech Republic: Exports and Imports Grew Significantly in 2012
In December 2012, according to preliminary data of ‘border statistics’, exports and imports at current prices fell by 7.1% and 7.0%, year-on-year (y-o-y), respectively.
February 6, 2013
Necas Supports Turkish EU Membership
On the occasion of Prime Minister Erdogan´s visit in Prague, his Czech counterpart Necas assured to support Turkey´s candidacy.
February 6, 2013
Czech Republic: Retail Trade Shrinks
For the entire year 2012, sales in retail trade including the automotive segment decreased at constant prices by 1.1%, y-o-y.
February 5, 2013
Czechs are Worried About their Future
Above all, Czechs fear a declining living standard after their retirement. The real income is expected to shrink in the next years.
February 2, 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
Czech Unemployment Grows
The total employment in Q4 2012 increased by 31.1 thousand persons compared to the same period of 2011.
February 1, 2013
Fast News Search
