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Economic Growth
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
Romania: Consumption Remains Sluggish
In order to support Romania´s economy, the National Bank of Romania continues its monetary easing policy.
October 3, 2013
Poland Increases Funding for SMEs
According to Polish Finance Minister Rostowski, the government plans on extending a funding program for the support of small and medium sized companies in order to improve the country’s economy.
October 3, 2013
Moody’s Honors Austrian Banks in CESEE
Only a year ago, the rating agency downgraded Austria because of its banks’ engagement in Eastern Europe. However, the situation has changed to the better.
October 3, 2013
Austria Well Positioned in Global Economic Integration
According to a recent study by the Vienna Institute for Economic Studies (wiiw), Austria is well positioned in the global production and economic integration.
October 3, 2013
Poland: NBP Holds Interest Rate Flat
In order to support Poland´s economy, the Council of Polish National Bank has decided to keep the base rate at its historic low.
October 3, 2013
Austria: Pussyfooting around Forming Government Coalition
The Austrian People’s Party is picky in regard to choosing a coalition partner. So far the ÖVP has shown no interest in starting coalition talks with former partner SPÖ. However, there are not many options left.
October 2, 2013
Economic Upturn in Austria, Eurozone and CEE
Turbulent Emerging Market conditions have little impact on CEE.
October 2, 2013
Austria: Better off within Eurozone
Economic experts claim that since the beginning of the single currency union, Austria has seen an additional economic growth of 0.4 percent. According to them, a collapse of the Eurozone would lead to a massive decline in exports.
October 2, 2013
New Economic Strategy for SEE
On Tuesday, economic experts held a meeting in the Albanian capital Tirana to examine a draft strategy for development and employment in the SEE region until the year 2020.
October 2, 2013
Czech Republic: GDP to Contract Less Drastically
The year-on-year decrease of the gross domestic product in 2012 has been refined to 0.9% against the up-to-now published 1.2%.
October 1, 2013
Austria: Struggling to Keep up with Economic Growth and Competitiveness
IV demands overhaul of funding policy by the government so that Austria will improve in international competitiveness.
October 1, 2013
Serbia: Minor Growth of GDP
Serbia's real GDP growth in second quarter of year stands at 0.2%
October 1, 2013
Modest Increase in Croatian Purchase Power
Croatian per capita consumer spending is forecast to increase by a modest 18% to 2017.
October 1, 2013
Slovenia to Decide about Selling of Telekom Slovenije
The Slovenian government will decide upon the fate of Telekom Slovenije on Thursday, October 3.
October 1, 2013
Austria: Unemployment Will Not Stop Increasing
In September, the number of persons unemployed continued to increase while employment rose slightly. In total, a number of 335,661 persons were jobless which makes an increase of 13.8 percent on an annual comparison.
October 1, 2013
Poland´s Budget Gap Narrows
The Polish government has approved the final budget draft for 2014.
October 1, 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
Romania Cuts Base Rate to Record Low
The Romanian Central Bank has cut the base rate to a record low of 4.25 percent.
September 30, 2013
Czech Republic: Working Poor Class Grows
In total, about one million Czechs fall into the category of employed poor. Their number is growing substantially.
September 28, 2013
Hungary is Seeking New Creditors
The Hungarian public debt agency AKK intends to sell more sovereign bonds in Asia. Compared to other European countries, Hungary´s debt burden causes severe difficulties.
September 27, 2013
Austria: Kapsch Demands Reform Agenda From New Government
Georg Kapsch, President of the Federation of Austrian Industries (IV) demands the next federal government to introduce a comprehensive reform agenda.
September 27, 2013
Romania: Modest Growth for Metal Industry
Romania's metals sector will continue to see modest growth.
September 27, 2013
Czech Republic: No Foreign Exchange Interventions
As the Czech economy shows first signs of recovery, the Czech National Bank (CNB) decided against further monetary instruments.
September 27, 2013
Slovakia: Economic Upward Trend Supports Fiscal Targets
After six consecutive quarters of economic deceleration, Slovakia faces better economic data. The positive trend helps Slovakia´s government.
September 26, 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
Slovenia: PM Takes International Bailout into Consideration
For the first time the crisis-struck Eurozone member country has admitted to consider international bailout as an option for its ailing banks.
September 26, 2013
EU Commission: Poland Lacks in Innovation and Work Efficiency
According to the EU Commission’s annual report on the competitiveness among the EU member countries, which was released on Wednesday, Poland has been improving its competitiveness.
September 26, 2013
Slovenia: Economic Outlook Deteriorates
Slovenia has slipped back into recession as its real GDP declined by 2.3 % in 2012.
September 26, 2013
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