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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
Hungary: Another Base Rate Cut
Hungary´s National Bank (MNB) has cut the base rate from 4.00% to 3.80%. This is a new record low. Nevertheless, MNB was expected to decide a lower cut.
August 31, 2013
Poland: Economy Begins to Accelerate
In the third quarter of 2013, Poland´s economy will grow by 1.0% year on year.
August 31, 2013
Czech Republic: GDP to Shrink Further
The Czech Republic will not leave the recession behind soon. The economic forecasts had to be revised again.
August 31, 2013
Austrian Economy Minister: “No Time for Idle Complacency”
Austrian Minister of Economics and former general secretary of the Austrian Chamber of Commerce (WKO), Reinhold Mitterlehner avoids any dispute with Christoph Leitl, President of WKO but signals a different opinion.
August 27, 2013
Russia: Disappointed About Joining WTO
A year ago, Russia joined the World Trade Organization (WTO). However, the country is not satisfied with the results despite of having negotiated about joining for 19 years.
August 26, 2013
Erdogan Considers Leaving U.N.
Turkey´s Prime Minister Recep Tayyip Erdogan puts pressure on the United Nations. The representation of the Security Council is not balanced, Erdogan criticizes.
August 26, 2013
Turkey: Capital Outflow Endangers Economic Stability
The monetary and economic stability is under enormous pressure. Turkey´s National Bank does not have sufficient reserve to support the Turkish lira.
August 24, 2013
CESEE Faces Economic Recovery
According to Moody´s, the economic outlook for Central, Eastern and Southeastern Europe is positive. Nevertheless, the recovery is still fragile.
August 24, 2013
Faymann: Joint Combat against Unemployment
During a meeting with Slovenian Prime Minister Bratusek and Croatian Prime Minister Milanovic and Austria’s second biggest city Graz, Austrian Chancellor Faymann pointed out the governments’ key tasks.
August 23, 2013
Poland: Budget Amendment Passed in Parliament
In order to adapt to the slow economic growth the government has amended the budet by permitting this year’s budget deficit to increase to PLN 16bn as well as approving PLN in spending cut, as announced at a press conferenced on Tuesday.
August 21, 2013
Ukraine Remains in a Recession for a Year
In the second quarter of 2013 GDP contracted by 1.1 percent on a year-on-year comparison basis.
August 20, 2013
Ukraine Reduces Imports of Gas by 35 Percent
From January to June 2013, Ukraine was able to reduce gas import by more than 35 percent compared to the same period last year, according to Ukrainian Statistics Service.
August 16, 2013
Russia Blocks Imports from Ukraine
Kyiv demands to immediately remove bureaucratic obstacles.
August 16, 2013
Romania: GDP Slowed Down in Second Quarter 2013
Romania: GDP slowed down in Q2, as expected by RBI.
August 16, 2013
Czech Republic to Crawl out of Recession
In the second quarter the Czech economy grew by 0.7 percent compared to the first quarter.
August 15, 2013
Wifo: Minor Growth in Second Quarter 2013
According to a current flash estimate by the Austrian Institute of Economic Research (Wifo), the Austrian economy grew by 0.2 percent in real terms in the second quarter of 2013 compared to the previous period.
August 14, 2013
Poland: Current Account Surplus Better Than Expected
Poland's June current account surplus at € 574m
August 13, 2013
Leitl: Positive Export Development Despited of Economically Difficult Times
The Austrian economy should, according to the President of WKO, focus export growth in third countries and distant markets.
August 10, 2013
Austria: Significant Drop in Trade Deficit
A drop of 3.2 percent in imports and an increase of 1.1 percent in exports from January to May 2013 make the trade deficit decrease by more than € 2bn.
August 9, 2013
Poland: Trade Deficit Estimates Lowered by Ministry
Deficit estimate for 2013 reduced to EUR 3.9bn by Polish Ministry of Economy
August 8, 2013
Czech Republic: Foreign Trade Shrinks
In June 2013, according to preliminary data of ‘cross−border statistics’, exports and imports at current prices decreased by 2.5% and 4.8%, year-on-year (y−o−y), respectively.
August 6, 2013
Serbia: Moderate Upward Trend
In the first three months, Serbia´s GDP was up by 0.5%. However, domestic demand is still declining.
August 6, 2013
Slovenia: Economic Sentiment Stabilizes
This year, Slovenia will not be able to leave the recession behind. However, the economic sentiment begins to improve in some sectors.
August 5, 2013
Croatia: Upwsing Depends on Return of Investors
Vedrana Jelusic, head of EBRD Croatia, thinks that Croatia benefits from the joining the EU. Introducing the euro is no issue yet, she told “Wirtschaftsblatt”.
August 3, 2013
Poland: Slow, but Steady Progress
Poland´s National Bank anticipates a longer term of interest rate stabilization. The economic trend reversal will come in the third quarter, rate setter Andrzej Bratkowski stated.
August 2, 2013
Cautious Optimism in Slovakia
The economic outlook for Slovakia brightens slightly. The export-oriented country benefits from the stabilization in the Eurozone.
August 2, 2013
Hungary: Exports Growing Moderately
External trade showed a surplus of EUR 641 million in May.
August 2, 2013
Zumtobel Takes Over Chinese Affiliate
Listed light manufacturer Zumtobel Group has taken over the stakes of joint-venture partner Thorn Lighting Tianjin Limited.
July 29, 2013
Austria: Increased Demand in Romanian Exports
For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.
July 24, 2013
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