Economic Growth

Poland Pressed to Cut Rates

IMF urges Poland to further cut rates.

May 17, 2013

Romania: Significant Decline in FDI

Foreign direct investments in Romania declined 41 percent due to ongoing economic difficulties in Eurozone member countries.

May 17, 2013

Over 2,000 Austrian Companies Now Represented in Slovakia

Lopatka: Agreement reached on Austro-Slovak Business Forum

May 16, 2013

Poland: Economy Not to Recover Before July

Polish economy is not expected to rebound as soon as the second half of this year and only on the condition that export partners see a growing GDP rate.

May 15, 2013

Bosnia, Serbia and Turkey to Sign Economic and Trade Agreement

Ministers for trade and economy from Ankara, Belgrade and Sarajevo agreed to improve economic relations in an effort to enhance shared trade.

May 15, 2013

Austrian Economy Still Stagnating

The Austrian economy has been stagnating for a year and has avoided recession only just.

May 15, 2013

CEE/CESEE: Banking Sector on Fastlane

The banking sector in CEE continues to outperform its Western European counterpart.

May 13, 2013

Slovenia Likely To Require More State Funds Than Expected

According to Morgan Stanley, the Slovenian national treasury will need a further amount of € 11bn until 2016. Slovenian Finance Minister Cufer is expected to present the new program in Brussels today.

May 13, 2013

CEESE: Economic Growth Stagnant

Orban claims Hungary is the country with the highest growth rate in CEE/CESEE next year.

May 10, 2013

Croatia in No Hurry To Introduce Euro

Croatia would keep the national currency and is in no hurry to introduce the Euro.

May 10, 2013

Slovenia to Raise VAT and Sell 15 State Enterpises

Slovenia has announced to put 15 state companies up for sale and raise VAT in order to acquire revenues and avoid international bailout.

May 10, 2013

Maria Fekter: Hot-Tempered Lady At the Fireplace

Raiffeisen Centralbank (RZB) organized a „fireplace chat“ with Finance Minister Maria Fekter which took place on May 7 in Vienna.

May 8, 2013

EU Commission: Action Plan for Steel Industry in Europe

During his visit to Linz, EU Commissioner for Industry and Entrepreneurship Antonio Tajani announced measures for the steel industry in Europe.

May 7, 2013

Romania: BRD Shows Extensive Decrease Profits

Romania's second-largest bank BRD profit down by 84%.

May 7, 2013

Commission: European Economy to Stabilize in First Half of 2013

The economy is projected to return to growth in the second half of 2013. However, annual GDP is forecast to contract by 0.1% in the EU and 0.4% in the eurozone.

May 7, 2013

Real Estate Industry: Major Losses for Properties In CESEE

According to Manfred Wiltschnigg, CEO of Austrian Real Estate Agency Immofinanz until the end of March, investments in Poland are becoming more risky.

May 6, 2013

EU: Hungary and Slovenia Have to Act Quickly

The European Union issued warnings to Slovenia and Hungary to move quickly.

May 6, 2013

30th Financial Conference - Where are we and where are we headed?

Slovenia will witness further privatisation in 2013

May 6, 2013

Rehn: „Everything Needs to Be Done Against Unemployment“

Commissioner Rehn announced the economy would slowly emerge from recession. Stabilization is expected in the first half of 2013.

May 3, 2013

Success for Slovenian Bonds at US Market

Slovenia was able to gain some of the required funds for the restructuring of its banking sector through the US bond market.

May 3, 2013

Dacic to Promote for Serbian Economy in US

Serbia's Prime Minister plans economic trip to United States.

May 3, 2013

Czech Republic to Improve EU Relations?

Visits from high EU officials should herald the start of a new era in the relation between the Czech Republic and the EU.

May 3, 2013

Romania: Confident About Economic Recovery

According to a survey, Romanians are among the most confident citizens in Europe about the recovery of their economy.

May 2, 2013

Leitl: „Cut of Base Rate by ECB Important and Necessary Signal“

President of the Austrian Chamber of Commerce Christoph Leitl welcomed the cut of the main refinancing rate to 0.5 percent.

May 2, 2013

CESEE: Business Climate Index Dropped in April

Enterprises in CESEE countries remain cautious for the most part.

May 2, 2013

Lopatka: „Poland Important Economic Partner and Ally of Austria in EU“

Austrian State Secretary encourages bilateral relations and trade between the two Central European countries as well as improved relations between EU and US.

April 30, 2013

Asmussen: “New Eurozone Members Will Reap Benefits of Initial Phase”

CEEs and The Crisis: Current Challenges and Benefits

April 30, 2013

2013 IIF Annual Meeting of Central and East European Bank Chief Executives

The 2013 Annual Meeting of Central and Eastern European Bank Chief Executives, hosted by Deutsche Bank AG, will take place on April 28-30 at Deutsche Bank’s office in Berlin.

April 29, 2013

„Slovenia Can Manage On Its Own“

In an interview with Austrian newspaper Kurier, President of the Slovenian Bankers Association France Arhar stresses that Slovenia is not the new Cyprus.

April 29, 2013

Eurozone: Household Savings Rate Decreased Significantly

Household saving rate down to 12.2% in the euro area and to 10.7% in the EU27. Household real income per capita fell by 1.1% in the euro area.

April 29, 2013

Business Investment Rate Decreased 19.7 % in Eurozone

Business investment rate down to 19.7% in the euro area and to 19.6% in the EU27. Business profit share down to 37.7% and 37.3% respectively

April 29, 2013

Van Rompuy Encourages Romania to Become Eurozone Member

During his one-day visit to the Romanian capital, President of the European Council Van Rompuy noted Romania’s progress and stressed the importance of a banking union within the Eurozone.

April 26, 2013

Austria Proves Attractive Business Location For International Companies

Strong results for consultancy firm ABA - Invest in Austria: 201 companies started business operations in Austria in 2012, a rise of 10% on 2011.

April 25, 2013

Poland to Support Serbia's European Integration

Dacic and Tusk agreed on improving cooperations, enhancing bilateral trade and increase Polish investments in Serbia.

April 25, 2013

Ukraine and Ireland to Sign Double Tax Agreement

Ukraine and Ireland signed a Double Tax Agreement in Kyiv during the official visit of Irish Minister of State at the Department of Finance Brian Hayes.

April 24, 2013

Slovenia: Government to Vote On Regulations

Changes to the acts on Slovenian state-owned enterprises are supposed to help restructure and remove the lid from the amount of state aid money granted.

April 24, 2013

Turkey: Economy Performing “Wonderfully”

Turkey has been performing wonderfully since the latest global economic crisis, according to a senior official at the World Bank responsible for Turkey.

April 24, 2013

Hungary: New Political Competition For Orban

Former Finance Minister founds “conservative, pro-European” party.

April 23, 2013

Hungary: MNB Cuts Interest Rate by 0.25 %

The Central Bank of Hungary (MNB) has cut interest rates by a quarter percentage point for the ninth month running.

April 23, 2013

Putin: Stimulus Package for Russian Economy

Because of the present stagnation Putin demands a stimulus package for Russian economy.

April 22, 2013

Slovakia: R&D Spendings Low But Increasing

Compared with other countries, Slovakia’s R&D spendings are little but slowly and steadily they are increasing. Among the countries with the highest growth rates of R&D spendings, Slovakia ranks 5th.

April 22, 2013

Former Polish President: “EU Needs Ukraine”

In an interview with Polish news magazine Wprost, former Polish president Aleksandar Kwasniewski explains that in the future, the EU will need Ukraine.

April 22, 2013

Croatia: Greece As A Threat To 2013 Tourism

Last year Croatian tourism proceeds increased 3.2 % on a year-on-year comparision. However, with Greek tourism expected to rebound to pre-crisis standards, the country fears to be left behind in the competition.

April 22, 2013

Hungary: Lopatka Presses For Legal Security for Austrian Enterprises

State Secretary Reinhold Lopatka met with Hungarian State Secretary for European Affairs Gergely Pröhle in Budapest toda to urge for legal security for Austrian enterprises in the neighboring country.

April 19, 2013

Schwarzenberg: „Slovenia Joining V4 Would Not Be Efficient“

V4 Foreign Ministers have declared disapprobation of Slovenia joining the group.

April 19, 2013

Rehn: Slovenia Has to Take Actions Immediatly

EU official presses Slovenia to restructure its banking industry to evade bailout.

April 19, 2013

Bank Austria: Focus on Major Clients in CESEE

In an interview with Austrian newspaper Standard, Head of CESEE division of Bank Austria, Gianni Papa, explains why the banking institute wants to focus on its core market.

April 18, 2013

Austria and Bosnia-Herzegovina to Commence Dialogues

Bosnia-Herzegovina shows interest in Austrian social partnership model and measures against increasing youth unemployment rate.

April 18, 2013

Slovenia: State Aid to Rescue and Re-Structure Companies

At its regular session, the Government also approved the draft Act Governing the Rescue and Restructuring Aid for Companies in Difficulty.

April 18, 2013
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