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Romania: Key Rate Cut Again
The most recent cut was the fourth in a row since the beginning of July. Experts forecast the rate cutting cycle to stop in the first quarter next year when the country’s key rate is supposed to stand at 3.5 percent.
November 6, 2013
Leitl Rejects Further Bank Taxes
Christoph Leitl, president of the Austrian Chamber of Commerce (WKO), rejects the Finance Ministry’s plan to impose further taxes on Austrian banks in order to decrease public debts.
November 6, 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
WEF: Russian Economy Needs Change in Domestic Institutional Environment
The Russian Federation is poised for transformation.
November 1, 2013
Hungary: Moderate Increase in Foreign Trade
From January to August 2013, Hungary´s export volume was up by 1.4%. Imports increased by 0.4% year-on-year.
November 1, 2013
Slovakia: Exports Are Key Driver for Growth
Last year, Slovak exports were up by 9.4%. The main export products are automotive products and electronics. Germany is Slovakia´s main trade partner.
November 1, 2013
Visegrad Countries Encourage Western Balkans to Join EU
Representatives from Poland, the Czech Republic, Slovakia and Hungary support the EU accession of Western Balkan countries.
October 31, 2013
Bulgarian President Calls for TTIP
Bulgaria’s economy would benefit from a free trade agreement between EU and USA.
October 25, 2013
Poland: Key Rate to Remain Low
In order to support the positive growth trend, the Polish National Bank (NBP) will keep the key rate flat next year. Poland´s economic growth is mainly based on foreign demand, though.
October 24, 2013
Czech Economic Outlook Improves Slightly
Next year, the Czech economy will expand for the first time since 2011, economists say.
October 23, 2013
Eurozone: Economy Starting to Grow
Experts at Ernst&Young; forecast economic growth of 0.9 percent in 2014 in consequence of an improved global economic performance.
October 21, 2013
Bulgaria: FDI Inflow Shrinks Drastically
In the first eight months of 2013, foreign direct investments fell by more than 51%. Without impulses from foreign investors, the country will not return to growth.
October 21, 2013
Croatia: EU-Membership Did Not Help Yet
In the first months of its EU membership, the situation in Croatia´s industrial sector deteriorated further.
October 19, 2013
“Problems in the CESEE Region Are Mainly Fundamental”
In an interview with Gazeta Wyborcza, Reza Moghadam, director of the IMF´s European Department, says that the weakness of the CESEE region is not only cyclical.
October 18, 2013
IMF Warns of Financial Instability in CESEE
Due to the high non-performing loan quota and the deleveraging of Western banks, the countries of Central, Eastern and Southeastern Europe are still far from financial stability.
October 18, 2013
„Czech Republic Does Not Fully Use Its Potential“
Czech Prime Minister Jiri Rusnok thinks that the performance of the Czech economy is not dramatically bad. However, the Czech Republic must use its opportunities more effectively.
October 17, 2013
Ukrainian Gas Pipeline Key Issue for EU Commission
A gas pipeline plan in the Ukraine is among the EU Commission’s key infrastructure projects.
October 16, 2013
Romania Keeps Majority Stake in Romgaz
Romania´s government will privatize 15% of the country´s biggest natural gas producer. The opening of the economy to foreign investors bears potential dangers.
October 12, 2013
Technologic Leadership Is the Driving Factor for Foreign Trade
According to the Austrian Institute of Economic Research (WIFO), Austria benefits substantially from the technologic innovation in the last decades and the opening the CESEE region.
October 11, 2013
Trade in Austria Has Increased Since Opening of CESEE Market
Today the Austrian Institute for Economic Research (Wifo) published the “Analysis of the Austrian Balance of Trade“ on behalf of the Economic Ministry.
October 10, 2013
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
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