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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

Income Grows Slower Than GDP

For years, the increase in wages and salaries is lower than the rise in company profits.

July 14, 2012

Stable Outlook for Austrian Industrial Sector

Austrian industrial enterprises expect production, order intake and employment tob e stable in the second half of 2012. The uncertainty remains.

July 11, 2012

Hungary Plans to Boost Economy

With a € 1.0bn programme, the Hungarian government aims to create more jobs and stimulate consumption.

July 9, 2012

Leitl: „Securing Austria´s Top Ranking“

WKO´s President Christoph Leitl calls for reforms. In order retain Austria´s economic position, reforms should be accelerated and taxes should be cut.

June 27, 2012

Leitl Underlines Good Relations with Hungary

At the visit of Hungary´s Viktor Orban, the President of the Austrian Chamber of Commerce (WKO) stresses the long-term commitment of Austrian enterprises in Hungary and claims legal security in return.

June 14, 2012

Austrian Labor Market: Rise in Employment

More employees and fewer self-employed in the first quarter of 2012; decrease in unemployment and job vacancies.

June 14, 2012

Slow Growth in First Quarter

In the first three months of 2012, the Austrian economy grew by 0.3% against the prior quarter. The outlook is very cautious.

June 9, 2012

Small Growth Rate in Austrian Service Industry

Austrian service enterprises achieved an increase of turnover by 4.0% in the first quarter 2012.

June 5, 2012

Employment Benefits from High Growth Dynamics

The encouraging growth trends provided a very welcome boost to employment in the Austrian federal provinces. The construction industry stabilises.

June 5, 2012

Slow Growth in Austrian Industry

In 2012, the Austrian economy is expected to grow by 0.8%. The overall uncertainty remains, optimism in the Austrian industrial sector shrinks.

June 1, 2012

Austrian Chamber of Economics Claims Growth Package

Christoph Leitl, President of the Austrian Chamber of Commerce thinks that Austria and Europe would both need growth and austerity measures.

May 25, 2012

Black Labor Decreases

In Austria, the share of black labor is still big. However, there is a downward trend.

May 22, 2012

Stable Development of Austrian Economy

The Austrian Institute of Economic Research (WIFO) forecasts a decent, but stable economic growth in 2012.

May 10, 2012

Leitl: „EU Needs Budget Consolidation and Growth Measures“

The President of the Austrian Chamber of Commerce claims to create a European fund in order to support small and medium-sized enterprises.

May 5, 2012

Rise in Austrian Unemployment Rate

At the end of February, 380,000 persons were unemployed. This is a rise of 5.2%. At the EU level, Austria´s unemployment rate is still the lowest.

March 1, 2012

Positive Production Trends in Industry and Construction

In November 2011; turnover was up by+8.2%. Orders in the construction industry rose by 11.8%. Construction output went up moderately.

February 29, 2012

Austria: Low Attractiveness as Research Location

According to a study among European scientists, Austria loses its reputation. The most attractive destination is the U.S.

February 27, 2012

Austrian Job Vacancies Declining

65 200 job vacancies in the fourth quarter of 2011, -17% compared to the fourth quarter of 2010.

February 6, 2012
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