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“No Real Wage Loss This Year“

In terms of real wages, Austria may face a trend reversal this year. In Southeastern Europe, by contrast, poverty is growing considerably.

January 21, 2014

Construction Industry Remains Weak Point of Slovenian Industrial Sector

Slovenia´s industrial sector records a decline in employment and investments. Despite the economic downward trend, the energy sector achieves growing turnover figures.

November 16, 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

Hungary: Unemployment Continues Downward Trend

In September, Hungary´s unemployment rate was down by 0.6 percentage points. The number of jobseekers is 8.1% less than in 2012.

November 1, 2013

Czech Unemployment Stable

In the last twelve months, the Czech labor market conditions remained almost unchanged. Employment was up slightly, unemployment was flat.

November 1, 2013

Slovakia: Mixed Employment Situation

In Slovakia, employment fell in the construction industry and in the manufacturing industry. Wages were up in most sectors.

October 11, 2013

Czech Republic: Unemployment Stabilizes

Despite the unfavorable macro-economic frame conditions, the Czech labor market situation is stable. Employment rose by 0.8 percentage points.

October 2, 2013

Hungary: Official Unemployment Rate Below 10%

Hungary´s statistical office KSH has published the newest labor market data today. The real labor market conditions in Hungary are expected to be substantially worse.

September 27, 2013

Poland´s Economic Growth Accelerates

In the second quarter of 2013, the annual growth rate came at 0.8%. Due to combined monetary and fiscal measures, the outlook is positive.

August 17, 2013

Czech Republic: Employment is the Highest Since 1998

The total employment in Q2 2013 increased by 64.9 thousand persons compared to the same period of 2012.

August 5, 2013

Cautious Optimism in Slovakia

The economic outlook for Slovakia brightens slightly. The export-oriented country benefits from the stabilization in the Eurozone.

August 2, 2013

Latvia: Part Time Workers to Improve Employment

As economic growth has recovered, also demand in the labour market is increasing. Unemployed persons traditionally are the source used to increase the number of employed persons.

March 13, 2013

Estonia: Economic Growth Reached 3.2%

According to the second estimates of Statistics Estonia, in 2012 the gross domestic product (GDP) increased by 3.2% compared to the previous year.

March 13, 2013

Estonian Labor Market Records Promising Results

In the 4th quarter the number of job vacancies increased by four percent.

March 8, 2013

Romania: Labor Market Situation Improves Slightly

In January 2013, the seasonally adjusted unemployment rate was estimated at 6.6%, decreasing by 0.1 percentage point as compared to the previous month.

March 2, 2013

Latvia: Unemployment Shrinks Rapidly

Data of the Central Statistical Bureau show that the number of unemployed persons (aged 15-74) in 2012 has diminished by 11.1 thousand.

March 1, 2013

Czech Republic: Unemployment Grows Slightly

In January 2013, the general employment was up by 1.3 percentage points. The unemployment rate came at 7.0% in January.

March 1, 2013

Austria: Record High in People Unemployed

At the end of February, 404,006 persons were seeking for a job. Compared to January this means an increase of 5.3 % or further 16,337 people jobless.

March 1, 2013

Austrian Budget: Pensions as Risk Factor

Until 2017, the additional burden has a size of € 1.0bn, Austrian Minister of Finance Maria Fekter says in an interview with “Presse”.

February 28, 2013

Hungary: Employment Moves Upwards

In November 2012–January 2013, the number of employed people was 3,855 thousand, 39 thousand more than a year ago.

February 27, 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

Poland: Economic Slowdown Becomes More Visible

Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.

February 19, 2013

Latvia: Workforce Grows Moderately

Results of the Labour Force Survey conducted by the Central Statistical Bureau show that, compared to the corresponding period of the previous year, the number of active population (aged 15-74), in the 4th quarter of 2012, has increased by 1.5%.

February 15, 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

Slovakia: Growing Employment in Most Industrial Sectors

The development of employment and average monthly wage in selected sectors of economy has shown a mixed picture in December 2012.

February 11, 2013

“Not Enough Support for Growth and Competitiveness“

Georg Kapsch, President of the Federation of Austrian Industries criticizes that the EU budget does not contain enough future investments.

February 9, 2013

Austria Records Highest Unemployment of All Times

With 410,000 job-seekers, unemployment has never been higher. Nevertheless, Austria has the lowest unemployment quota in the EU.

February 1, 2013

Czech Unemployment Grows

The total employment in Q4 2012 increased by 31.1 thousand persons compared to the same period of 2011.

February 1, 2013

Slovak National Bank Cuts Economic Forecast

In January 2013, Národná banka Slovenska (NBS) revised the NBS Medium-Term Forecast published in December 2012 (MTF-2012Q4).

January 30, 2013

Hungary: More People in Work than in 2012

In the 4th Quarter 2012, the number of employed people was 3,909 thousand, 58 thousand more than a year ago. The employment rate of both men and women improved.

January 29, 2013

Slovakia: Wages Growing Moderately

In November 2012, compared with November 2011, the average nominal monthly wage increased in most surveyed sectors.

January 11, 2013

Slovakia: Employment Situation Improves Further

In November 2012, compared with November 2011, the employment increased relatively most in selected market services by 11,2 %.

January 11, 2013

Poland: Unemployment Rate Grows Further

At the end of December, Poland´s unemployment quota reached 13.3%.

January 8, 2013

Hungary: 55,000 More People in Work

In September–November 2012, the number of employed people was 3,925 thousand, 55 thousand more than a year ago. The employment rate of both men and women improved.

January 4, 2013

Poland: Government to Focus on Family and Employment

Poland´s Prime Minister Donald Tusk announced that the government aims to create more than 400,000 jobs this year.

January 4, 2013

“We Must Work Until 70”

In an interview with the Austrian news magazine “Standard”, the pension expert Christopher Prinz explains that an increase of the retirement age is inevitable.

January 2, 2013

Austria: Unemployment Rate Up Significantly

The stagnation remains a burden for the Austrian labor market. In December, the number of job-seekers was up by 6.9%.

January 2, 2013

Serbia: Labor Market Still Tensioned

The official unemployment quota decreased slightly. In the last twelve months, the employment situation has improved.

December 28, 2012

Austrian Economy: IHS and WIFO Cautiously Optimistic

The two Austrian economic research institutes anticipate an economic recovery in the second half of 2013.

December 21, 2012

Labor Costs: Highest Increases in Estonia and Romania

Euro area hourly labour costs rose by 2.0%. In the EU27, labour costs were up by 1.9%.

December 17, 2012

Bulgarian Labor Market: Participation Rate Grows

A repeated Eurozone recession could additionally deteriorate the state of employment, Raiffeisen Research says.

December 15, 2012

Bulgaria: „The pace of economic growth is sustained“

The domestic demand compensates for the deceleration in export, Raiffeisen Research says.

December 14, 2012

Hungary Resolves 2013 Budget

Today, Hungary´s Parliament approved the budget for 2013, which contains a number of tax increases. According to critics, the budget will not hold.

December 12, 2012

Slovakia: Real Wages Decline in Selected Industries

Today, the Slovak Statistical Office published data on employment and average monthly wage in selected sectors of economy in October 2012.

December 11, 2012

Czech Unemployment on the Rise

In November, the Czech unemployment quota reached 8.7% after 8.5% in the previous month.

December 10, 2012

Austrian Industrial Sector: Uncertainties Grow Massively

Due to the economic slowdown, the degree of predictability is declining. The industrial output tends to stagnate.

December 8, 2012

Southeast Europe Agrees on Growth Strategy

In order to meet the 2020 growth strategy of the EU, the Balkan countries plan to co-operate more closely. Turkey and Bulgaria emphasize their good relations.

December 8, 2012

Austria Faces Recession

Austria´s National Bank OeNB has revised the growth forecasts one more time. Next year, Austria´s economy will only grow by 0.5%.

December 7, 2012

Allianz: Austria´s Economic Position Improves

According to the German insurance group, the economic situation of ten out of 17 Eurozone member countries has worsened. Austria could make up one place.

November 26, 2012

More Hungarians Leave their Country

Especially high-skilled Hungarians tend to emigrate. The labor market conditions in Hungary are often precarious.

November 24, 2012
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