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Economic Growth

Lopatka: EU Enlargement Process of Western Balkans Decisive for Austria

“Non-Enlargement” of Western Balkan states would be fatal for Austrian businesses operating in the region and the national economy.

October 31, 2013

World Bank: Croatia Showing Progress

Despite notable progress the country slipped back to beigt 89th out of 185 countries in the ranking “Doing Business” by the World Bank.

October 31, 2013

Bulgaria: Unemployment Anticipated to Decrease

Regarding the economic development in 2014, Bulgarian Industrial Capital Association demonstrates optimism.

October 31, 2013

Slovenia on Top of Prosperous Countries in Emerging Europe

Slovenia is leading the list of prosperous countries in Emerging Europe. Bulgaria is on the last position.

October 30, 2013

Austrian Industrial Sector Gaining Stability

The upwards trend in Austrian industry picked up pace in October. Highest survey reading for two years signals clear pick-up of industrial activity

October 30, 2013

Czech Republic: Monetary Easening Not an Option for CNB

Improper exit policy could cause currency swings or inflation, according to expert.

October 29, 2013

Slovakia: Economic Sentiment Up Slightly

According to the results published by the Slovak Statistical Office, the economic sentiment indicator indicates a moderate economic upward trend.

October 29, 2013

IMF on Slovenia: “Cleaning Up Banks is the Priority”

The IMF urges Slovenia to restructure its ailing banking sector. Slovenia faces expensive bank aid-programs.

October 29, 2013

CESEE: „The Growth Model Was not Sustainable“

Franz Seiringer, economist at EBRD, underlines that the CESEE countries are on the right track. The region is working on a new growth model, he told “Wirtschaftsblatt”.

October 29, 2013

Hungary: Junk Rating Remains

S&P has reiterated Hungary´s sovereign debt rating. Further cuts are not unlikely.

October 28, 2013

Slovenia: Bailout Comes Closer

The ailing country is not expected to manage the financial crisis on its own. Calling for support from Brussels seems to be the last remaining alternative.

October 28, 2013

Bulgarian President Calls for TTIP

Bulgaria’s economy would benefit from a free trade agreement between EU and USA.

October 25, 2013

Poland: Key Rate to Remain Low

In order to support the positive growth trend, the Polish National Bank (NBP) will keep the key rate flat next year. Poland´s economic growth is mainly based on foreign demand, though.

October 24, 2013

“We Need to Pull Down the Iron Curtain in Our Heads“

In an interview with Austrian daily “WirtschaftsBlatt“ Johannes Seiringer, Director of the Austrian office of the European Bank for Reconstruction and Development (EBRD) calls for incentives for enterprises to continue investing in CEE.

October 24, 2013

Czech Republic: Overall Confidence Grows

According to the Czech statistial office, the increase in confidence in the Czech economy continues.

October 24, 2013

Czech Economic Outlook Improves Slightly

Next year, the Czech economy will expand for the first time since 2011, economists say.

October 23, 2013

Poland: Economy Below Potential

In the first half of 2013, investments dropped significantly. Consumption was up moderately. In total, Poland´s economic growth accelerates gradually.

October 22, 2013

Slovenia: Banka Sparkasse Provided with Loan by EIB

EIB continues to support SME and mid-cap projects in Slovenia.

October 22, 2013

Eurozone: Economy Starting to Grow

Experts at Ernst&Young; forecast economic growth of 0.9 percent in 2014 in consequence of an improved global economic performance.

October 21, 2013

CFO Barometer: Upturn in Revenues

The majority of financial managers in the country are still restrained with investments. However, the majority estimates increasing turnovers at enterprises, according to the CFO barometer.

October 21, 2013

Poland: IMF Upgrades Growth Forecasts

According to the IMF, Poland´s GDP growth will reach 2.4%. In the prior forecast, the IMF anticipated a 2.2% growth rate.

October 21, 2013

Slovakia: New Burden for Insurance Industry

The Slovak government extends special taxes for companies operating regulated sectors. The bank tax will be abolished in the course of the next years.

October 21, 2013

Bulgaria: FDI Inflow Shrinks Drastically

In the first eight months of 2013, foreign direct investments fell by more than 51%. Without impulses from foreign investors, the country will not return to growth.

October 21, 2013

“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

„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

Mitterlehner: “2014 Will Become Significantly Better“

Austrian Minister for Economy Reinhold Mitterlehner considers the Austrian economy to be in a spirit of optimism as an upturn in Europe has become evident. According to him, 2014 is supposed to become “significantly better” than 2013.

October 17, 2013

Bank Austria: Economic Recovering in Small Steps

The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.

October 16, 2013

Albania: Economic Growth below Potential

Structural reforms are needed to boost productivity and competitiveness and avoid weaknesses, according to the International Monetary Fund (IMF).

October 15, 2013

Calculated Optimism in Slovenia

Slovenia´s Ministry of Economics expects a return to growth in the course of next year. According ot economists, this forecast is leading to doubt.

October 15, 2013

IMF: Hungary´s Fiscal Situation Deteriorates

According to the IMF, Hungary´s public debt quota will increase. This stands in opposition to the optimistic forecasts of the government.

October 15, 2013

Slovenia Does Not Fully Draw EU Funds

As the Slovenian projects will not be finished in time, the financially stricken country will fail drawing all funds.

October 12, 2013

Austria Remains Main Investor in Slovenia

Last year, almost the half of the foreign direct investments in Slovenia came from Austria.

October 11, 2013

Croatia: Inflation Moderate

At the session the CNB Council examined recent economic and monetary indicators, as well as expected further developments.

October 10, 2013

Trade in Austria Has Increased Since Opening of CESEE Market

Today the Austrian Institute for Economic Research (Wifo) published the “Analysis of the Austrian Balance of Trade“ on behalf of the Economic Ministry.

October 10, 2013

Polish Government to be Rearranged

On Wednesday Prime Minister of Poland Donald Tusk announced that there will be personnel changes in November within the government which will be presented in November.

October 10, 2013

Slovenia Cannot Escape the Vicious Circle

Slovenia still aims to manage its banking crisis on its own. After the new economic forecast issued by Slovenia´s National Bank, this aim suffers another setback.

October 10, 2013

Czech Inflation Below Expectations

The Czech inflation rate slowed down to 1.0% in September. In the next months, the country faces a stagnating economy in the best case.

October 9, 2013

Romania Under Observation

The IMF wants Romania´s government to put more effort in austerity measures, market liberalization and privatization of state-owned assets.

October 9, 2013

IMF Forecasts Only Minimal Growth for Austria in 2013

The International Monetary Fund (IMF) forecasts not even one half percent of GDP growth this year for Austria. However, 2014 has better chances for accelerated growth.

October 8, 2013

Poland: Amazon to Establish Three Logistic Centers

Leading online retailer Amazon will open three major logistic centers in Poland. According to the company’s own proclamation, this step does not relate to the latest striking problems in Germany.

October 8, 2013

Hungary´s Government: Budget Draft “Risky”

This week, Hungary´s government has submitted the budget draft to the Hungarian Parliament. The basic assumptions are rather optimistic.

October 5, 2013

Croatia: Domestic Consumption Remains Weak

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

October 5, 2013

Hungary: Easing Cycle Nears Its End

After the interest cut last week, there is still downward potential. However, MNB must be cautious, Hungary´s rate setter Gyula Pleschinger told WSJ.

October 4, 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

CESEE: Recovery Slow, but Stable

Corporate sentiment improving in major CEE countries as well, as the economic recovery begins to take root. Low point in interest rates has essentially been reached, rises in yields to follow trends in the developed markets, RZB says.

October 4, 2013

Wifo: Austrian Economy Sees Upturn

Today the Austrian Institute for Economic Research (Wifo) has released its prognosis for 2013 and 2014. The institute sees the first signs of an economic recovery.

October 4, 2013

Bulgaria: Shrinking Workforce Leading to Lower Growth

Bulgaria is facing a number of challenges resulting from shifting demographics.

October 4, 2013

Keuschnigg Advises Austria to be Patient

According to Keuschnigg it was not possible to increase the core capital quota of the banks to the level necessary or to reduce public debts by 120 percent in two years only.

October 4, 2013

Economic Recovery and Interest Rate Turnaround Also in Austria?

Not only Germany but also the peripheral areas of the European Union see economic recovery supported by an increasing export activity.

October 3, 2013
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