Sponsored
Page 6/12

Eurozone

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

EU: Hungary and Slovenia Have to Act Quickly

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

May 6, 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

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

Eurozone: Inflation Decreased Slightly

Euro area annual inflation down to 1.2%

April 30, 2013

Austria Still With Lowest Unemployment Rate

Euro area unemployment rate at 12.1%. EU27 at 10.9%

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

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

Eurozone: Government Deficit Decreased to 3.7 % in 2012

Euro area and EU27 government deficit at 3.7% and 4.0% of GDP respectively. Government debt at 90.6% and 85.3%

April 22, 2013

Austria: National Assembly to Vote on Bail-Out Package for Cyprus

In order for Cyprus‘ bail-out package to become effective, many national parliaments have to vote in favor of it. Austrian’s opposition is against it.

April 22, 2013

9.2 Million EU Citizens Wish To Work More Hours

Labour Force Survey: Proportion of underemployed part-time workers up to 21.4% in the EU27 in 2012

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

EU27: Surplus of € 21.8bn in Last Quarter of 2012

Second estimate for the fourth quarter of 2012 EU27 current account surplus 31.4 bn euro 36.2 bn euro surplus for trade in services.

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

Cyprus: Increase of Taxes Resolved

The Cyprian parliament has voted for an increase of taxes. Among other things, business taxes will increase from 10 % to 12.5 %.

April 19, 2013

IMF Warns Eurozone of Ongoing Risks to Economic Stability

The International Monetary Fund has warned the Eurozone in a Global Financial Stability Report, urging for a reforming zeal and restructuring of weak banks.

April 17, 2013

Forbes: “Austere Baltic States Outgrow Their European Neighbors”

Forbes magazine has dedicated a comprehensive article about how the Baltic countries manage to conquer the financial crisis.

April 17, 2013

Moody’s Confirms Bad Outlook for Slovakia

Ongoing difficulties and slow economic growth in Eurozone are the main factors.

April 17, 2013

Rothensteiner: „Strictly Against Discussion“

Head of RZB (Raiffeisen Zentralbank) Walter Rothensteiner is everything else but happy about the current discussion about the bank secret and deposit guarantee.

April 17, 2013

Slovenia to Emerge From Quagmire By Itself?

A recent report by the OECD paints a dim picture of the country’s economic future.

April 17, 2013

Austria’s Economy Grows Faster Than Eurozone

Economists of the International Monetary Fund (IMF) are confident for a positive development of Austria’s economy.

April 16, 2013

Czech Republic: Finance Ministry Worsens Economic Outlook

In an updated macroeconomic forecast for the economic development, the Czech Finance Ministry deteriorated the country’s outlook.

April 16, 2013

Eurozone: Trade Surplus € 1.3bn Y/Y

Euro area international trade in goods surplus € 10.4 bn

April 15, 2013

Slovenia to Sell Two State Enterprises

On a press conference on Friday, Prime Minister Bratusek announced the selling of two state-owned companies, one of them being a bank.

April 13, 2013

Fekter: „Austria is a High-Tax Country“

Bank secrecy will be an official issue at the meeting of EU finance ministers in Dublin on Saturday. Fekter criticizes the UK sharply.

April 11, 2013

Austria: Great Demand in Two New Federal Bonds

In a double syndicated loan, the Austrian state has taken out € 4.5bn and issued two new federal bonds.

April 11, 2013

Bad Outlook for Slovenia’s Economy

Slovenia receives bad marks in a report by the EU Commission. Together with Spain, Slovenia’s economy is endagered to collapse in case measures will not be made in the next few weeks.

April 11, 2013

Cyprus to Sell Gold Reserves

The country has to sell reserves in the amount of € 400m. In the meantime, the banking sector has been cut down to one half of its former size.

April 10, 2013

Eurozone: Refinancing Gap of € 1.2 Trillion

Austrian banks are at EU average and show a finance gap of € 30bn.

April 10, 2013

Household Assets in Austria Lower Than in Spain

The proportion of owned homes in Austria and Germany is below 50 % and one of the reasons why household assets are on the lower end of the scale.

April 10, 2013

Fitch: Poland Best Placed For Economic Recovery

In a statement regarding a report on the need of structural reforms in the CESEE region, rating agency Fitch awarded Poland the best position for an economic recovery among five countries.

April 9, 2013

Russia to Contribute to Cyprus Aid-Package

President Vladimir Putin has announced that Russia will contribute to rescue-package for Cyprus.

April 8, 2013

ILO Warns of Social Unrest in Europe

Because of the continuing high figures in unemployment in great parts of Europe, experts warn of social unrest.

April 8, 2013

Barroso: „Existantial Crisis is Over“

President of EU Commission Jose Manuel Barroso came to Vienna to meet with Austrian Chancellor Werner Faymann and Foreign Minister Michael Spindelegger.

April 6, 2013

Investigation Report Incriminates Managers of Bank of Cyprus

Mass purchase of Greek state bonds and removing of data.

April 5, 2013

Fekter Defends Austrian Bank Secret

With the reference to the agreement with Switzerland and Lichtenstein, Finance Minister Fekter tries to convince the EU Commission to leave the Austrian bank secret at the current situation.

April 5, 2013

Eder: Future of Voestalpine and Steel Manufacturing Industry

In an interview CEO of voestalpine, Wolfgang Eder explains the current situation on the steel market and points out that mass products will come from CESEE countries in the future.

April 4, 2013

Turkey’s Hopes of a Reunited Cyprus

The financial crisis in Cyprus is, according to Turkish President Abdullah Gül, an important opportunity to overcome the seperation of Cyprus.

April 4, 2013

Cyprus: Evidence Destroyed?

According to reports by the media in Cyprus, important evidence about the heavily affected Bank of Cyprus was destroyed.

April 4, 2013

Austria: Lowest Unemployment Rate

Euro area unemployment rate at 12.0%, EU27 at 10.9%

April 3, 2013

Referendum in Poland about Joining Eurozone

Last week, Prime Minister Donald Tusk offered a vote on a referendum about the adoption of the Euro in Poland. A simple majority needed for a decision could settle the issue.

April 2, 2013

Lithuania and Latvia Preparing for Euro

The Baltic finance ministers emphasize sustainable growth and euro importance.

April 2, 2013

Slovenia: “We Will Need No Bailout This Year”

Since Greece, Spain and Cyprus are currently finding themselves in disastrous economic situations, Slovenia does not want to seem like the next bail-out candidate.

March 30, 2013

Serbia: GDP Decreased by 1.7 % in 2012

Based on data released by the Statistical Office, GDP fell by 1.7% in 2012. Broken down by quarter, real y-o-y GDP fell by 2.7% in Q1, 0.3% in Q2, 2.1% in Q3 and 2.0% in Q4.

March 30, 2013

Slovakia: Economic Sentiment Indicator Increased to 90.4

The three-month moving average of economic sentiment indicator (ESI) increased by 1,8 points to 90,4 compared with the previous month´s value.

March 30, 2013

Cyprus: 37.5 % Tax on Assets

The compulsory levy on bank assets exeeding € 100,000 has now been fixed. Assets above the amount will be taxed with 37.5 %.

March 30, 2013

Cyprus: No Bank Run

The feared bank-run after the almost two-weeks long closing of the banks in Cyprus has not occured.

March 29, 2013