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Exports

Bulgarian Foreign Trade Balance Positive

In September the current account was positive (€ 332.7m), which is typical for that month of the year, mainly due to the realization of revenues from tourism and agricultural exports, Raiffeisen Research states.

December 15, 2012

Bulgaria: „The pace of economic growth is sustained“

The domestic demand compensates for the deceleration in export, Raiffeisen Research says.

December 14, 2012

Bulgaria: Foreign Trade Growing

According to the Bulgarian National Statistical Institute, Bulgarian Trade with Third Countries for the Period January - October 2012 grew by 11%.

December 11, 2012

Turkey Is Losing Momentum

Turkey´s economic growth begins flatten. In the third quarter, GDP growth only reached 1.6%.

December 10, 2012

Austria Might Prevent Recession Scenario

According to the Austrian Institute of Economic Research (WIFO), Austria´s economic performance remains weak.

December 10, 2012

Ukraine Faces Recession

For the first time since 2009, Ukraine recorded a negative growth rate last quarter. Weak exports and a shrinking industrial sector are the most pressing issues.

December 8, 2012

Austrian Industrial Sector: Uncertainties Grow Massively

Due to the economic slowdown, the degree of predictability is declining. The industrial output tends to stagnate.

December 8, 2012

Croatia: EU Scepticism Grows

After German officials considered postponing Croatia´s EU accession, Croats become more critical to the European Union.

December 8, 2012

Southeast Europe Agrees on Growth Strategy

In order to meet the 2020 growth strategy of the EU, the Balkan countries plan to co-operate more closely. Turkey and Bulgaria emphasize their good relations.

December 8, 2012

Slovakia: Strong Increase in Foreign Trade

In September 2012, compared with the corresponding period last year, the total export of goods increased by 9,6 % to EUR 5 616,6 million and the total import by 7,7 % to EUR 5 277,3 million.

December 7, 2012

Czech Republic: Recession Continues

In Q3 2012, the gross domestic product adjusted for price, seasonal, and calendar effects decreased according to the refined estimate by 1.3%, year-on-year (y-o-y), and by 0.3%, quarter-on-quarter (q-o-q).

December 7, 2012

Czech Republic: Highest Exports and Imports Ever Recorded

In October 2012, according to preliminary data of ‘border statistics’, current price exports and imports rose by 7.5% and 8.2%, year-on-year (y-o-y), respectively.

December 7, 2012

Austria: Foreign Trade Shows Decent Growth

From January to September 2012, Austria recorded a slight increase in imports (0.4%) and exports (1.6%). In the third quarter of 201, the EU27 current account surplus reached € 28.4bn.

December 7, 2012

Serbia: Government Demonstrates Optimism

Serbian Minister of Economics Mladjan Dinkic expects that the country´s exports will grow substantially in the next years.

December 7, 2012

Fischer Meets Kirchner

The Austrian President Heinz Fischer has started his state visit in Argentina.

December 3, 2012

Austria´s Trade Surplus Has Doubled

Services and tourism contribute to increase in trade surplus: Austria's trade surplus doubled in the first half of the year to € 3.5bn, despite a fall in goods traffic.

December 3, 2012

Serbia: Industrial Data on the Rise

In Serbia, the economic activity and foreign trade grows again, the Statistical Office says.

December 1, 2012

Hungary: Foreign Trade Declines

Surplus of HUF 215bn in external trade along with a decreasing turnover in September.

November 30, 2012

Serbia: Exports Decreasing

As per seasonally adjusted data exports fell in August by 0.4% mom (July/12: +2.2% mom), while imports fell by 1.9% mom (July/12: +0.2% mom). Trade deficit in Jan1Aug/12 widened further to € 4.0bn (+12.8% yoy).

November 29, 2012

OECD: CESEE Countries A Risk Factor for Austria

Next year, Austria´s economy will only show a growth rate of 0.8%. Unemployment is estimated to increase further. CESEE countries would lower the grow prospects for Austria, OECD says.

November 27, 2012

Romania: Foreign Trade Declines

"When expressed in EUR equivalent, both exports and imports of goods fell marginally in Q3 (-1.1% qoq and -0.3% qoq respectively, according to our in-house seasonally adjusted data)." Raiffeisen Research says.

November 26, 2012

Romania: Economic Upswing Expected

According with the flash estimates, real GDP declined by 0.5% qoq and by 0.6% yoy in Q3. “In our view, contraction was mainly the result of a plunge in agricultural output.” Austrian Raiffeisen Research says.

November 26, 2012

Nowotny: „CESEE Needs New Growth Model“

Ewald Nowotny, governor of Austria´s National Bank (OeNB), thinks that the current growth model for the region is outdated.

November 26, 2012

CESEE: Eurozone crisis and Austerity Push Half of the Region into Recession

Export weakness and suppressed domestic demand will push nearly half of the CESEE region into recession this year, including the Czech Republic, Hungary, Slovenia, and nearly all Western Balkan countries.

November 26, 2012

CESEE: Foreign Trade With Austria Booms

This year, Austrian exports to countries in Central, Eastern and Southeastern Europe are growing substantially.

November 24, 2012

Slovakia: Economy Slows Down

In the third quarter of 2012, Slovakia´s GDP grew by 0.6%. Compared to the previous quarter, the growth rate remained unchanged.

November 19, 2012

Gloomy Prospects for Ukraine

Economic slowdown is gaining momentum: GDP slumped by 1.3% yoy in the 3rd quarter, while industrial output contracted for 5th month in a row in October (by 4.2% yoy), Austrian RZB states.

November 19, 2012

Austria: Second Recession Ahead

The double-dip scenario becomes more and more likely. In the third quarter, Austria´s GDP was down for the first time since 2009.

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

Austria Third Largest Investor in Czech Republic

According to the Czech President Vaclav Klaus, his Austrian counterpart Heinz Fischer and the President of the Austrian Chamber of Commerce Christoph Leitl, the bilateral trade relations are expandable.

November 14, 2012

Czech Republic Does not Leave Recession Behind

The country does not only stay in a recession, the situation worsens further, economists say.

November 13, 2012

"Important step towards opening the Nigerian export market"

Austria concludes investment protection agreement with Nigeria.

November 13, 2012

Austria: Services and Tourism Contribute to Increase in Trade Surplus

Austria's trade surplus doubled in the first half of the year to € 3.5bn, despite a fall in goods traffic.

November 13, 2012

Slovenia Still Rules Out Calling for Rescue

The Slovenian government tries to prevent to be bailed out by the EU and IMF by all means. However, experts fear that Slovenia is the next candidate for the safety net.

November 10, 2012

Slovakia: Foreign Trade Growing Moderately

Positive foreign trade development in September and over the first nine months of 2012.

November 10, 2012

Austria: Foreign Trade Grows Only Decently

January to August 2012: trade with third countries accounts for overall growth.

November 9, 2012

Slovenia and Austria to Deepen Co-Operation

The Slovenian Minister of Economics Radovan Zerjav and the President of the Austrian Chamber of Commerce Christoph Leitl want to intensifiy the economic co-operation.

November 8, 2012

New Record for Bilateral Trade Between Poland and Austria

Christoph Leitl, President of the Austrian Chamber of Commerce underlines the close and friendly relationships between Poland and Austria.

November 8, 2012

Hungary: Foreign Trade Declines

External trade in goods, preliminary results, January–September 2012: Balance of external trade shows surplus of HUF 211 billion.

November 8, 2012

Czech Exports Stagnate

In September 2012, according to preliminary data of ‘border statistics’, current price exports rose by 0.6%, while imports fell by 3.3%, year-on-year (y-o-y).

November 6, 2012

IHS: Collapse of Eurozone would Cost 157,000 Jobs

The Austrian Institute of Advances Studies IHS says that Austria´s economic growth would be lower by 11 percentage points until 2016.

November 5, 2012

Czech Republic to Stagnate

The economic outlook for the Czech Republic had to be revised again. After a significant recession in 2012, the Czech GDP will only grow by 0.2% next year.

November 2, 2012

Hungary: Export volume grew by 1.7% in August

In August, the export volume grew by 1.7% and the import volume decreased by 0.3% compared to the base level. The exports of machinery and transport equipment decreased by 3.2%.

October 31, 2012

Romanian Economy to Shrink Further

With a large negative contribution expected to come from agriculture, real GDP should decline again in Q3 in quarterly terms (as well in annual terms). The contraction is likely to be larger than initially expected, Raiffeisen Zentralbank forecasts.

October 30, 2012

Donau Chemie Starts Expansion in Hungary

The Austrian chemical group invests € 6.5m in a new factory in Eastern Hungary.

October 29, 2012

Austrian-Ukrainian Trade Relations Show Development Potential

According to Richard Schenz, Vice President of WKO (Austrian Chamber of Commerce), the economic relations between Austria and the Ukraine are excellent.

October 25, 2012

„Strengthening Relation with Russia“

Christoph Leitl, President of the Austrian Chamber of Commerce (WKO) argues that Europe must co-operate closer with Russia in order to manage the crisis.

October 25, 2012

“Austrian businesses pursuing expansion in Vietnam”

Great potential in the future-oriented energy, environmental and education sectors.

October 24, 2012

Kazakh President Nazarbayev in Austria

Today, the Kazakh President Nursultan Nazarbayev was received by the Austrian President Heinz Fischer. The Austrian industry hopes for orders worth € 500m.

October 22, 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