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Economic Growth
Slovenian National Bank: “GDP Decline in Line with Expectations”
The Governing Board of the Bank of Slovenia discussed current economic and financial developments.
March 7, 2013
Hungary: Incoming National Economy Minister Summarizes Targets
Succeeding Minister of National Economy Mihály Varga outlined economic policy cornerstones
March 7, 2013
EU: Slovenia´s Economy Shrinks Fastest
Second estimate for the fourth quarter of 2012: Euro area GDP down by 0.6% and EU27 down by 0.5%. Compared with the fourth quarter of 2011, the growth rates come at -0.9% and -0.6% respectively.
March 6, 2013
Latvia: Drop in Industrial Productivity by 3.5 %
Data of the Central Statistical Bureau show that, in comparison with December 2012, industrial production in January 2013 has declined by 3.5 %
March 6, 2013
Estonia: Turnover in Business Sector Increased by 7 %
2012 proves to be a successful year for the business sector
March 6, 2013
Slovakia: Gross Domestic Product Rose in Q 4 of 2012
Compared to Q 3 of 2012 this means an increase of 0.2 %, by y/y the GDP rose by 2 %.
March 6, 2013
Last Meeting between Klaus and Gasparovic
The Presidents of the Czech Republic and of Slovakia will have a last meeting tomorrow.
March 5, 2013
Hungary: GKI Forecasts Budget Deficit of HUF 200 bn
The Hungarian government is in complete opposite to GKI’s statement: forecasts economic growth of 1 % and does not see any concerns.
March 5, 2013
Poland: Government Retains Economic Forecast
Despite the economic slowdown, Poland´s Minister of Finance Jacek Rostowski demonstrates optimism.
March 5, 2013
“Austrian Industry Still Taking a Breather”
Signs of a stabilisation emerging in employment. |Reduced cost pressure as a result of current price trends. | Delayed spring awakening in industry may provide too little support for a GDP increase in the first quarter of 2013.
March 5, 2013
Czech Republic Eases Austerity Policy
In order to boost economic growth, the Czech government tends to refrain from the strict austerity course.
March 5, 2013
Latvia: Eager for the Euro. But ready?
Latvia’s leadership considers adopting the Euro in 2015 or 2016. Despite of showing the fastest economic growth rate at 5.1 % in Europe, there is scepticism Latvian population.
March 4, 2013
Czech Republic: Economy still Down. Hopes are Up.
Specialists, despite of the current situation, predict slight economic growth for 2013 after year of recession.
March 4, 2013
Czech Republic: CNB Fights Against Recession
As the interest rate was cut to a technical zero, the Czech National Bank considers intervening against the crown.
March 4, 2013
Belka and Rostowski “Time to Move Up a Gear”
Governor of NBP (National Bank of Poland) Marek Belka and Poland´s Minister of Finance Jacek Rostowski want to accelerate Poland´s approach to the Eurozone.
March 4, 2013
Slovakia: Economy Stagnating
On February 22, the European Commission anounced its modifications concerning the annual prognosis of the eurozone’s economic outlook for 2013. While the majority of the countries are in recession, Slovakia’s economy is forecast to grow by 1.1 %
March 4, 2013
“I do not expect for crediting requirements to tighten”
There is no reason for crediting requirements to be tightened, Zoran Stavreski, Macedonia´s Minister of Finance says.
March 4, 2013
Poland`s Economy Slows Down Further
According to preliminary estimates, the Gross Domestic Product in the 4th quarter of 2012 only grew by 1.1%.
March 4, 2013
Czech Republic: Bilateral Trade with Austria Shrinks
The official export figures are not known yet. However, experts think that the foreign trade volume between the Czech Republic and Austria was down in 2012.
March 2, 2013
Austria: Public Spending Ratio Forces Country to Reforms
Austria’s economy is stronger than the European average, however, it is still in need of reforms. Suggestions are made by head of WIFO Aiginger who demands a new strategy until 2025.
March 2, 2013
Bulgaria: Economy to Stabilize
Despite the enormous political instability, Bulgaria is expected to record positive growth rates this year.
February 28, 2013
Slovakia: Economic Sentiment Improves Slightly
The results of business survey and economic sentiment indicator in February 2013 were published today.
February 28, 2013
Serbia: Real Wages Falling Drastically
Salaries and wages per employee in the Republic of Serbia were down by 17% in January 2013.
February 28, 2013
IMF Dissatisfied with Croatia´s Economic Progress
Economic conditions have deteriorated lately, reflecting weak external demand, private sector debt reduction, and lack of business and consumer confidence, the IMF delegation said.
February 28, 2013
Austria: Economic Outlook Remains Cautious
Although Austria´s economy suffers from a number of major defects, the performance is still better than in the Eurozone.
February 25, 2013
Poland: Rostowki’s Fight for the Euro
Even though Poland’s rating outlook has been revised from “A-“ to “A” by Fitch it still has to face political reforms in order to improve its economic competitiveness.
February 24, 2013
Latvia: Exports Remain Growth Driver
In 2013, the Baltic countries will remain the best performing economies in the EU. However, the growth will slow down a bit.
February 23, 2013
Hungary: Government Demonstrates Optimism
Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz, believes that Hungary´s economy will perform well this year.
February 23, 2013
EU Financial Framework: Romania Is a Clear Winner
In the financial period from 2014 to 2020, Romania would be able to receive EUR 39.2bn from the European Union.
February 23, 2013
EU Commission: Austrian Growth Above EU Average
Unlike the Eurozone, Austria will record a positive growth rate this year. Within the EU, the situation is highly different.
February 22, 2013
Romania: Disappointing Economic Growth
“According with the flash estimate, GDP increased marginally in Q4 2012 (+0.2% qoq), which was a touch above our expectations and market consensus”, Raiffeisen Research reports.
February 21, 2013
Poland: Rostowski Wants to Cut the Interest Rates
According to Poland´s Minister of Finance Jacek Rostowski, the real interest rates are still too high. Rostowski wants to boost economic growth.
February 21, 2013
IMF Visits Croatia Again
A Mission of the International Monetary Fund, led by Nikolay Gueorguiev, arrived in Croatia for its usual semi-annual visit.
February 21, 2013
Ukraine´s Economy Stagnates
According to the preliminary estimate by the State Statistics Committee, Ukraine’s GDP grew 0.2% yoy in 2012, thus decelerating from 5.2% yoy in 2011.
February 20, 2013
CESEE Region Still Has Enormous Growth Potential
“CEE growth drivers intact but innovation is needed to start convergence 2.0” Erste Group says.
February 20, 2013
CESEE: Stress of Competition is Growing
CEE significantly more industrialized than euro area (30% vs. 19%) but still needs to catch up in terms of competitiveness.
February 20, 2013
Poland: Economic Slowdown Becomes More Visible
Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.
February 19, 2013
Hungary: Hope for Soon Economic Recovery Vanishes
In the last quarter of 2012, Hungary´s GDP was down by 2.7% compared to the reference period of 2011.
February 19, 2013
Romania Almost Stagnates
Last year, Romania´s economy could prevent a recession. The GDP growth came at 0.2%.
February 18, 2013
Austria Has High Hopes in Free Trade Agreement with the U.S.
Austria´s exporting sector may benefit substantially, the Austrian Chamber of Commerce (WKO) says.
February 16, 2013
Euro Adoption: Latvian People Not Convinced at All
Latvia´s government is proud of its austerity course of the last years. According to Prime Minister Valdis Dombrovskis, the country is ready for the euro.
February 16, 2013
European Economy: Nowotny Demonstrates Pessimism
This year, the economy of the Eurozone will shrink, the governor of Austrian National Bank says. Austria suffers from a weak domestic consumption, Nowotny explains.
February 15, 2013
Austria: “Things are improving, but only slowly”
“The decline in the fourth quarter of 2012 is old news.” Austria’s economy growing moderately again in the first quarter, Bank Austria says. Economic growth in 2013 to be slightly higher than last year.
February 15, 2013
Austria: GDP Decrease Due to Declining Consumption
In the fourth quarter of 2012, Austria´s economy shrank by 0.2%. In the full year 2012, Austria´s GDP expanded by 0.7%.
February 14, 2013
Czech GDP Was Down by 1.1% in 2012
In the Q4 2012 the gross domestic product adjusted for price, seasonal, and calendar effects decreased by 1.7%, year-on-year, and by 0.2%, quarter-on-quarter, according to the preliminary estimate.
February 14, 2013
Slovak Economy Is Losing Momentum
Flash estimate of Gross domestic product and Total employment in the fourth quarter of 2012: economic growth and employment are declining.
February 14, 2013
Slovenian Central Bank Wants to Boost Economic Growth
Since the middle of last year, the Bank of Slovenia and the Bank Association of Slovenia have been coordinating their action to improve the business conditions for the real sector.
February 14, 2013
Hungary: GDP Down by 2.7%
On the basis of the preliminary estimation of HCSO the gross domestic product of Hungary decreased by 2.7% in the fourth quarter of 2012 compared to the corresponding period of the previous year.
February 14, 2013
Russia: Consumer Loans Growing Substantially
At the moment, the market for consumer loans is growing by 40%. The household indebtedness is still relatively low.
February 13, 2013
Slovakia: Tax Intake to Decrease
Despite the higher income tax rates, the Slovak state revenues are expected to fall by € 360m this year.
February 12, 2013
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