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Hungary: Clear Victory for Orban
Today, Hungary has held parliamentary elections. Despite controversial and radical reforms, Prime Minister Orban was confirmed.
April 6, 2014
Czech Economy Recovers Slowly
In 2013, the Czech GDP was down for the second consecutive year. This year, the Czech economy is expected to expand by 1.4%.
April 5, 2014
Serbia: Vucic New Prime Minister
The chief of the Serbian Progressiv Party (SNS) Aleksandar Vucic will be nominated by the Serbian President Tomislav Nikolic as the new Prime Minister.
April 4, 2014
RBI: Economic Recovery Despite Geopolitical Tensions
Economic upswing vs. geopolitics.
April 4, 2014
Serbian Future Government Needs to Be “Compact”
According to the deputy leader of SNS, Aleksandar Vucic “shall introduce iron discipline in the Government.”
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
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
Hungarian Recovery Remains Shaky
Last year, Hungary´s government successfully managed the economic turnaround. Nevertheless, Hungary´s growth remains artificial.
March 31, 2014
Ten Years After The 2004 EU Enlargement: Achievements and Next Steps
International Conference, Vienna, 24-25 April 2014
March 31, 2014
Poland: Corporate Sentiment on the Rise
Enterprises in Poland are becoming more and more optimistic.
March 31, 2014
Austria: Industrial Production Loses Momentum
Austrian industry loses some momentum after strong growth at the start of the year.
March 28, 2014
Leitl: “Growth Must Not Mean Less Reforms”
Economic growth is now weaker than in the previous phases of upturn.
March 28, 2014
Austria: S&P Confirms Rating
US rating agency Standard & Poor’s has confirmed the Austrian rating at “AA+” with a stable outlook.
March 28, 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
Serbia: Program for New Government in Progress
The future government will have to implement extensive reforms. Vucic, whose party saw a landslide victory in the parliamentary elections, is working on the government’s program.
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
Hungary: Orban Striving to Become PM Again
In an attempt to gain another four years as head of the government Hungarian Prime Minister Viktor Orban praises the country’s achievements in the past years since his Fidesz party came into power.
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
Austria: Unemployment Rate to Remain at Record High
The Austrian unemployment rate is expected to remain at a record high even in 2015.
March 25, 2014
Real Estate in Vienna: Offer Does Not Catch up Demand
There is a growing trend towards population increase as well as small households in Vienna.
March 25, 2014
Czech Growth to Speed Up
Due to the increase in foreign demand, the advisory company EY expects the Czech economy to revive this year.
March 24, 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
Poland: Budget Deficit 2013 Below Target
The Polish budget deficit for 2013 has reached almost 82 percent after it was amended in August.
March 20, 2014
Serbia: Economic Activity Increases Speed
Since the beginning of 2014 economic activity has started to accelerate.
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
Poland: Key Rates to Remain Unchanged until 2015
In an interview with Bloomberg Businessweek magazine, Marek Belka, Governor of the National Bank of Poland (NBP), announced that interest rates will remain unchanced until the end of this year.
March 18, 2014
Recovery of Austrian Economy Continues
Austrian economy continues its recovery despite weaker upswing.
March 17, 2014
Serbia: Landslide Victory for Vucic
After Deputy Prime Minister Aleksandar Vucic’s party saw an overwhelming victory in the early parliamentary elections the new government is facing a hard road ahead.
March 17, 2014
Slovenia: Banking Sector Still Prone to Risks
The Slovenian banking sector is still prone to risks as the number of non-performing loans was not reduced substantially.
March 14, 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
Poland: “Time for Belt-Tightening”
Poland is required to cut the deficit in the public finance sector.
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
Serbia: “Reforms Are Social Responsibility”
According to economic advisor and former director of the International Monetary Fund (IMF) Dominique Strauss-Kahn, Serbia’s efforts to improve state finances and push through with reforms, was visible.
March 12, 2014
Poland: Economic Growth to Accelerate
According to the latest estimates of the Polish National Bank (NBP), the annual economic recovery could accelerate to 3.7 percent in the period from 2014 to 2016.
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
Czech Republic: Government Refrains from Fiscal Discipline
In 2013, the budget deficit was down to 2.7% of GDP from 4.4% of GDP. In the next few years, the European Commission expects a trend reversal.
March 8, 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
Czech Republic: Ukrainian Crisis Has Little Impact on Economy
The economic interdependence between the Ukrainian and Czech economy is very limited. The unrests in the East European country will not affect the Czech economy.
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
Banks Striving to Leave Ukraine
While Austrian insurance companies intend to stay on the Ukrainian market banks are facing write-offs running in the billions.
March 5, 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
Poland: “Further Gradual Improvement”
The recent tendencies point to accelerated economic growth rates.
March 3, 2014
“Serbia Has to Become Economically and Politically Stable”
Prime Minister Dacic promised to continue to follow the path to an EU membership. Former Austrian Chancellor Gusenbauer underlines Serbia’s importance among Western Balkan states.
March 3, 2014
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