Economic Growth
CESEE: Growth Remains Below Potential
Today, the EBRD (European Bank for Reconstruction and Development) has published its economic outlook for the CESEE region. The reform pressure is growing, Anthony Willams at EBRD wrote.
November 11, 2013
Czech Republic: CNB to Intervene in Forex Market
After the Czech koruna (CZK) was devalued, the Czech National Bank (CNB) is keen on preventing a deflation. However, the key rate cannot be cut anymore as it is close to zero.
November 11, 2013
Slovakia: Property Prices on the Fall
The Slovak property market continues the downward trend. In late summer, property prices have reached a five-year low.
November 8, 2013
Czech National Bank Starts Currency Interventions
In order to stop the recession in the Czech Republic, CNB eases monetary policy further.
November 8, 2013
Albania: Domestic Banks Struggling to Keep Up
According to a report by the European Bank for Reconstruction and Development (EBRD), the Albanian financial sector is dominated by foreign banks. Domestic banks are struggling to keep up with the internationally operating competition.
November 8, 2013
Serbia: Key Policy Rate Cut to 10 Percent
In its meeting on November 7, the NBS Executive Board voted to cut the key policy rate by half a percentage point, to 10 percent.
November 8, 2013
Stable Outlook for Recovery of Austrian Economy
The outlook for economic improvement has stabilized. Both Wifo’s economy test and Wifo’s early indicator point to an upward trend.
November 8, 2013
Czech Republic: Economic Outlook Improves
In its latest forecast, the Czech National Bank (CNB) has corrected the outlook on the Czech economy upward for the rest of 2013 while estimates for 2014 were slightly downgraded.
November 8, 2013
Croatia Under Brussel´s Observation
The new EU member country fights against a number of economic problems. Now, the EU-Commission considers starting an excessive deficit procedure.
November 7, 2013
ECB to Keep Interest Rate Low
Despite a low inflation, the European Central Bank (ECB) will keep the interest rate low. The Council of ECB has held a meeting on Thursday morning
November 7, 2013
Poland´s National Bank Holds Interest Rate Flat
In order to boost economic growth, the Polish Monetary Policy Council has left the interest rate unchanged.
November 6, 2013
Romania: Key Rate Cut Again
The most recent cut was the fourth in a row since the beginning of July. Experts forecast the rate cutting cycle to stop in the first quarter next year when the country’s key rate is supposed to stand at 3.5 percent.
November 6, 2013
Serbia: Only Minor Growth Expected
In 2014 the Western Balkan state is expected to achieve only an insignificant economic growth rate.
November 6, 2013
Romania: Growth Rates to Exceed Forecasts
According to the autumn forecast published by the EU Commission on Tuesday, Romania will exceed the previous estimates.
November 6, 2013
CESEE Region: Booming Exports Prevent Recession
The underlying reason for the improving economic sentiment in the CESEE region is the expanding industrial sector. However, the region remains vulnerable to foreign trade and foreign investments.
November 5, 2013
Serbia: FDI as Driver for Economy
Further decline in FDI could affect economic growth in the Western Balkan state. The Serbian government announced to push forward with amendmends to improve business environment and boost economic growth.
November 4, 2013
Czech Republic Crawls Out of the Recession
The recession in the Czech Republic comes to an end. Fixed investments are still the main weak point.
November 4, 2013
Croatia: Excessive Deficit Procedure Ahead
Neither in 2013 nor in 2014, Croatia will achieve a budget deficit below 3.0% of GDP.
November 4, 2013
Czech Budget Deficit to Remain Below Approved Mark
The budget deficit in the Czech Republic increased to CZK 47.7bn in October from CZK 38.2bn in September.
November 4, 2013
Slovenia´s Government Hopes for More FDI
In order to promote more foreign direct investments, Prime Minister Alenka Bratusek plans to hold investment conferences across Europe.
November 1, 2013
Czech Growth Outlook Revised
The Czech Ministry of Finance has improved its economic forecasts.
November 1, 2013
WEF: Russian Economy Needs Change in Domestic Institutional Environment
The Russian Federation is poised for transformation.
November 1, 2013
Banks Jeopardize Austrian Triple-A Rating
In case further aids will become imminent, Austria could lose its rating.
October 31, 2013
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
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