Employment

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

Hungary: Gross Earnings Grow Moderately

In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.5%.

November 20, 2012

Slovak Growth Flattens

Slovakia´s GDP still grows substantially, but slower compared to previous quarters. Employment growth stagnates, though.

November 15, 2012

Austrian Economy Shows Weakness

Economic low delayed: slight GDP decline expected in the fourth quarter, resulting in economic growth of less than 1 per cent this year.

November 15, 2012

Slovakia: Employment and Nominal Wage on the Rise

Employment and average monthly wage in selected sectors of economy in September 2012.

November 12, 2012

Czech Unemployment Growing Slightly

In October, the Czech unemployment quota was up by 0.4 percentage points compared to the reference period of 2011.

November 3, 2012

Austrian Industry: Downward Trend Continues

According to IV (Federation of Austrian Industries), the industrial production is stagnating. A trend reversal is not foreseeable. Pessismism is growing and unemployment will grow substantially.

October 22, 2012

Hungary: Gross Earnings Growing

In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.7%.

October 18, 2012

Austrian Industry Reaffirms: „We need structural reforms”

The President of IV (Federation of Austrian Industries) Georg Kapsch argues that more justice cannot be achieved with new taxes.

October 13, 2012

Slovakia: Employment and Nominal Wages Growing

The highest wage increase was observed in the manufacturing and automotive industries. Employment was down in the construction sector and grew in the service sector.

October 12, 2012

Austrian Economy Stagnates

According to Austrian National Bank (OeNB), the economic growth rate will be slightly negative. A recession is not excluded.

October 12, 2012

Working Time: Brits and Austrians Work Most

Regarding the weekly working time, Austria ranks second. The share of employees working in the service industry is slightly below the EU average.

October 5, 2012

Austrian Unemployment Continues to Grow

In September, the number of unemployed persons grew by 5% against September 2011. The Euro area unemployment rate came at 11.4%

October 1, 2012

“EU administration must be screened for savings potential”

Austrian State Secretary Lopatka repeats Austria’s central demands at the General Affairs Council in Brussels.

September 25, 2012

Hungary: Real Income Falls Further

In the first seven months of 2012, the Hungarian real income was down by 4%.

September 19, 2012

National Bank of Slovakia Adapts GDP Growth Forecast

According to NBS, the Slovak economic growth is expected to reach 2.7%. This is higher by 0.2 percentage points than NBS forecasted in June.

September 19, 2012

Austrian Economy at a Standstill – "But probably not for long"

Bank Austria's Business Indicator sinks to -0.7 points in August, the third decline in a row. 2012 as a whole expected to be up to 1 percent, in spite of stalled economic activity in the second half of the year.

September 17, 2012

EU: Highest Shadow Economy in Bulgaria

A World Bank report shows that the Bulgarian economy is still dominated by illegal work. Among EU-countries, Bulgaria clearly ranks first. Austria has the lowest shadow economy.

September 14, 2012

Austria: Rising Employment

More employees and more unemployed; fewer self-employed and the same number of job vacancies in the second quarter of 2012

September 13, 2012

Slovakia: Increasing Employment in Industrial Sector

The highest salaries were recorded in the IT industry, followed by the manufacturing industry.

September 11, 2012

Further Increase in Unemployment

At the end of August 2012, 289,000 persons were looking for a job in Austria. At the same time, employment still grows.

September 3, 2012

Next Pension Reform Ahead

European Forum Alpbach: In 2016, the next pension reform may be necessary in Austria.

September 1, 2012

Austrian Unemployment Up, but Lowest in EU

In July, the Euro area unemployment rate came at 11.3%. Austria´s youth unemployment rate is the second-lowest.

August 31, 2012

Faymann Against Breaking Up the Eurozone (Part 1)

At the AlpbachE conomic Symposium 2012, Austria´s Federal Chancellor Werner Faymann underlines the “advantages of the EU”. Without the euro, Austria would face a dramatic recession, he warns.

August 30, 2012

Keuschnigg Pleads for Increasing Retirement Age

At the Alpbach Forum 2012, the Austrian economist Christian Keuschnigg explained the necessity of implementing reforms for the Austrian retirement plan.

August 29, 2012

Austria: 22% of Overtime Unpaid

In 2011, more than a fifth of the overtime was not paid by employers. In total, 66.9 million long hours were unpaid.

August 25, 2012

Austrian Work More than EU Average

According to a report of the Germany Statistical Office, Germans and Austrians tend to work more. The relevance of leisure is shrinking.

August 20, 2012

Non Standard Employment on the Rise

31% of all Austrian employees affected by forms of non standard employment in 2011.

August 8, 2012

Austrian Construction Industry Slackens

This year, unemployment in the Austrian construction industry is relatively high. The order situation is everything but favorable.

August 7, 2012

Austrian Enterprise Creation Slightly Up

2010: 26 172 start-ups, enterprise creation rate 6.5%; more than 19 000 new employer enterprises.

August 7, 2012

Polish Industrial Sector Shrinks

Last month, the Polish purchase manager index could recover. Nevertheless, there is no tendency of growth yet.

August 3, 2012

IHS: Austria Grows Faster Than Eurozone

The Austrian Institute of Advanced Studies expects an average economic growth of 1.7% until 2017.

July 26, 2012

Growing Pressure on Viennese Location for Headquarters

The Viennese Chamber of Commerce intensifies the dialogue with international headquarters. In autumn, the first headquarter congress will take place in Vienna.

July 21, 2012
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