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Exports

Bulgaria: Significant Increase in Exports to EU

Exports from Bulgaria to the European Union have increased by 6.6 percent.

October 10, 2013

Czech Inflation Below Expectations

The Czech inflation rate slowed down to 1.0% in September. In the next months, the country faces a stagnating economy in the best case.

October 9, 2013

Czech Republic: Foreign Trade Surplus Grows

In August 2013, according to preliminary data of ‘cross−border statistics’ at current prices, exports increased by 1.9% while imports stagnated, year-on-year (y−o−y).

October 8, 2013

Croatia: Domestic Consumption Remains Weak

In the next years, Croatia´s economic performance will mainly depend on external factors.

October 5, 2013

UK: Growth Potential in CESEE

According to the IMF, the UK economy is not diversified sufficiently. Now, UK promotes exports to the CESEE region.

October 5, 2013

Romania: Recovery Depends on External Factors

Thanks to foreign demand and foreign investors, Romania´s economy accelerates. However, domestic demand is still the country´s weak point.

October 4, 2013

Raiffeisen Research: CESEE Deserves Better Credit Ratings

Analysts of Raiffeisen Research think that Austria´s sovereign debt rating is worse than the rating agencies say. The CESEE region, by contrast, is seen too critically, Raiffeisen Research argues.

October 4, 2013

CESEE: Recovery Slow, but Stable

Corporate sentiment improving in major CEE countries as well, as the economic recovery begins to take root. Low point in interest rates has essentially been reached, rises in yields to follow trends in the developed markets, RZB says.

October 4, 2013

Wifo: Austrian Economy Sees Upturn

Today the Austrian Institute for Economic Research (Wifo) has released its prognosis for 2013 and 2014. The institute sees the first signs of an economic recovery.

October 4, 2013

Economic Recovery and Interest Rate Turnaround Also in Austria?

Not only Germany but also the peripheral areas of the European Union see economic recovery supported by an increasing export activity.

October 3, 2013

Romania: Consumption Remains Sluggish

In order to support Romania´s economy, the National Bank of Romania continues its monetary easing policy.

October 3, 2013

Moody’s Honors Austrian Banks in CESEE

Only a year ago, the rating agency downgraded Austria because of its banks’ engagement in Eastern Europe. However, the situation has changed to the better.

October 3, 2013

Austria Well Positioned in Global Economic Integration

According to a recent study by the Vienna Institute for Economic Studies (wiiw), Austria is well positioned in the global production and economic integration.

October 3, 2013

Poland: NBP Holds Interest Rate Flat

In order to support Poland´s economy, the Council of Polish National Bank has decided to keep the base rate at its historic low.

October 3, 2013

Hungary: Net Exports Grow Slightly

In the seventh month of 2013, the export volume of external trade in goods increased by 7.4%, while the volume of imports grew by 6.4% year-on-year.

October 3, 2013

Austria: Better off within Eurozone

Economic experts claim that since the beginning of the single currency union, Austria has seen an additional economic growth of 0.4 percent. According to them, a collapse of the Eurozone would lead to a massive decline in exports.

October 2, 2013

Czech Republic: GDP to Contract Less Drastically

The year-on-year decrease of the gross domestic product in 2012 has been refined to 0.9% against the up-to-now published 1.2%.

October 1, 2013

Serbia: Minor Growth of GDP

Serbia's real GDP growth in second quarter of year stands at 0.2%

October 1, 2013

Upward Trend in Poland´s Labor Market

The unemployment quota stabilizes at a high level. Poland´s economic outlook improves gradually.

October 1, 2013

Hungary is Seeking New Creditors

The Hungarian public debt agency AKK intends to sell more sovereign bonds in Asia. Compared to other European countries, Hungary´s debt burden causes severe difficulties.

September 27, 2013

Czech Republic: No Foreign Exchange Interventions

As the Czech economy shows first signs of recovery, the Czech National Bank (CNB) decided against further monetary instruments.

September 27, 2013

Slovakia: Economic Upward Trend Supports Fiscal Targets

After six consecutive quarters of economic deceleration, Slovakia faces better economic data. The positive trend helps Slovakia´s government.

September 26, 2013

Poland: Recovery Remains Fragile

Poland´s economy has bottomed out. However, the recovery mainly depends on foreign demand.

September 26, 2013

Czech Republic: Recession Is Not Managed Yet

This year, the Czech GDP is expected to contract by 1.1%, the Czech Ministry of Finance forecasts.

September 26, 2013

Slovenia: PM Takes International Bailout into Consideration

For the first time the crisis-struck Eurozone member country has admitted to consider international bailout as an option for its ailing banks.

September 26, 2013

Ukraine: Provisional Free Trade with EU

According to Polish News Agency PAP, the EU countries have agreed to grant Ukraine a temporary use of a number of terms of the Association Agreements which will become effective even before the ratification process is completed.

September 26, 2013

Croatia: Fiscal Situation Deteriorates Further

Due to the weak economy, the budget gap will increase. The end of the recession is still uncertain.

September 26, 2013

CNB: No Monetary Interventions Necessary

The Czech Republic´s economy moves forward slowly. A weaker koruna is not necessary.

September 24, 2013

China to Acquire Ukrainian Farmland

In the coming fifty years crops are supposed to be grown and animals should be bred in the Ukraine for the Chinese market.

September 23, 2013

Poland: Budget for 2014 Realistic

According to Witold Kozinski, Deputy Govenor of the National Bank of Poland (NBP), the budget plan for 2014 is “realistic” and the risk of amendmends to the budget minimal.

September 23, 2013

Czech Republic: Economic Frame Conditions to Brighten

The Czech National Bank expects slightly better economic data for the Czech Republic this year.

September 21, 2013

Romania: High Dependence from FDI

Without the inflow of foreign direct investments, Romania´s economy would shrink. The industrial sector is highly controlled by foreign investors.

September 21, 2013

Slovakia: Economic Forecasts Improves

The economic perspective for Slovakia remains rather gloomy. In 2014, Slovakia´s economy will reach the turnaround.

September 21, 2013

WKO: Austrian Enterprises Miss out on Potential in Turkey

According to a commercial councelor at the Austrian Chamber of Commerce (WKO) in Istanbul, Austria is focused too much on Eastern Europe. Switzerland exports triple the amount to Turkey.

September 19, 2013

Poland: Minor Slowdown in Industrial Production

On a year-on-year comparison basis, industrial output increased 2.2 percent in August while it declined 4.5 percent compared to July this year.

September 19, 2013

Croatia: No End of Recession in Sight

For the seventh quarter in a row, Croatia´s GDP was down. The main problem is the weakening domestic consumption and the high unemployment quota.

September 19, 2013

Poland: Industrial Output Indicates Upswing

In August, Poland´s industrial production was up for the third month in a row. Due to the growing exports to the Eurozone, Poland is recovering.

September 18, 2013

Czech Republic: No Further Monetary Easing

As long there are no risks of deflation, the Czech National Bank will leave the current monetary policy unchanged. Further easing measures are not necessary.

September 15, 2013

Slovenian Exports Increased by 2.3 Percent

According to provisional data for the period from January to July 2013 compared to the same period of 2012 Slovenian exports increased by 2.3% while imports decreased by 0.1%; the export/import ratio was 97.6%.

September 10, 2013

Romania: West Region to Catch Up Economically

Romania's West Region aims to catch up with its more developed peers in the European Union.

September 9, 2013

Slovenia: Moderate Increase in Exports

Slovenian exports increased by 1.5% the first six months.

September 9, 2013

Romania: Economic Performance Better than Expected

In the second quarter, economic growth reached 1.5%, which is beyond the initial forecasts.

September 9, 2013

Czech Economy: End of Recession Ahead

Compared to the previous quarter, the second quarter of 2013 showed a GDP growth. Compared to the reference period of 2012, the Czech economy still registers a contraction.

September 6, 2013

Serbia: UK Enterprises Likely to Invest in Serbia

70 British companies are interested in investing in Serbia's economy.

September 6, 2013

Polish Central Bank Holds Interest Rate Flat

Poland´s economy begins to recover. NBP leaves the base rate at 2.5%.

September 5, 2013

Poland: Tusk Demonstrates Optimism

This year, Poland´s economic growth begins to accelerate. According to Prime Minister Donald Tusk, the growth rate will be higher than 1.5%.

September 4, 2013

Czech Republic: Monetary Policy to Loosen Further

According to the member of CNB (Czech National Bank) Lubomir Lizal, the country needs further monetary policy steps. CNB is considering starting currency interventions.

September 3, 2013

Poland: Economic Growth to Speed Up

According to GUS, the Polish Central Statistical Office, GDP grew by 0.8 percent in the second quarter of 2013 on a year-on-year comparison basis, which is an increase of 0.3 percent from 0.5 percent in the first quarter of the year.

September 2, 2013

Croatia: „Insufficient Move Towards the Positive Direction“

Croatia hopes its economy is moving in the "positive direction".

September 2, 2013

Slovenia: Recession Goes On

In the second quarter, Slovenia´s GDP was down by 1.7% year on year. This year, Slovenia´s GDP will fall by 3.0%, economists say.

September 2, 2013