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Serbia: Telekom Srbija to Be Privatized
According to reports by the media, the Serbian government wants to take another try to privatize Telekom Srbija.
April 23, 2013
Slovakia: R&D Spendings Low But Increasing
Compared with other countries, Slovakia’s R&D spendings are little but slowly and steadily they are increasing. Among the countries with the highest growth rates of R&D spendings, Slovakia ranks 5th.
April 22, 2013
Hungary: Lopatka Presses For Legal Security for Austrian Enterprises
State Secretary Reinhold Lopatka met with Hungarian State Secretary for European Affairs Gergely Pröhle in Budapest toda to urge for legal security for Austrian enterprises in the neighboring country.
April 19, 2013
Bank Austria: Focus on Major Clients in CESEE
In an interview with Austrian newspaper Standard, Head of CESEE division of Bank Austria, Gianni Papa, explains why the banking institute wants to focus on its core market.
April 18, 2013
Austria and Bosnia-Herzegovina to Commence Dialogues
Bosnia-Herzegovina shows interest in Austrian social partnership model and measures against increasing youth unemployment rate.
April 18, 2013
Bulgaria: FDI Increased by € 40.3m
Largest investments from Greece (€ 9.4m). Austria ranks 4th (€ 6.1m) in investors.
April 18, 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
„Unlawful“ Farming in Hungary
The estimated 200 Austrians, who are engaged in agriculture in Hungary, are apparently not highly esteemed by Hungarian Prime Minister Viktor Orban.
April 16, 2013
Czech Republic and Russia to Enhance Economic Relations
Minister of Industry and Trade Martin Kuba supported deepening of economic relations with Tatarstan. The cooperation with Russian regions is very important for the Czech Republic.
April 16, 2013
Romania: Surplus € 327m in Balance of Payments
Balance of payments and external debt, February 2013
April 16, 2013
Poland: Appealing BPO Location
Poland has been increasing its attractivity as a location for Business Process Outsourcing (BPO). This becomes evident by the numbers of personnel.
April 15, 2013
Bulgaria: New Coca-Cola Headquarters in Sofia
The world’s largest soft drink producer Coca-Cola is to relocate one of its competence centers from Belgium to Bulgaria.
April 15, 2013
Cyprus Grants Damaged Foreign Investors Citizenship
Instead of the so-far € 10bn, investors now only have to endow € 3bn in order to obtain the Cyprian citizenship.
April 15, 2013
Bulgaria: Commission Forcasts Economic Imbalances until 2015
EU Commission: Trend of reducing imbalances in Bulgarian economy is confirmed
April 11, 2013
FDI: Hungary Popular With German Enterprises
The majority of German companies would again choose Hungary for their investments
April 11, 2013
Favorable Outlook on Estonia’s Economy
Estonian economy’s consistent growth will continue in the coming years
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
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
Law Files Against Bulgaria from EVN and CEZ.
Power Suppliers EVN, CEZ and Energo Pro have to face high losses. CEZ announced to file a law against Bulgaria as well.
April 3, 2013
Lithuania and Latvia Preparing for Euro
The Baltic finance ministers emphasize sustainable growth and euro importance.
April 2, 2013
EVN to Get Support by State Secretary
State Secretary Lopatka intervened in EVN’s dispute with Bulgarian government. He urges Bulgaria to ensure protection of investments.
March 29, 2013
CESEE: CR More Attractive for FDI Than SK
Foreign investors regard the Czech Republic more attractive than Slovakia.
March 27, 2013
Dacic Meets Forbes
Serbia has good investment opportunities, according to Christopher Forbes.
March 27, 2013
Cyprus: Bail-Out Package Accepted
Cyprus has been granted the € 10bn worth aid package by the EU. After ten hours of negotiations in Brussels the decision was made early this morning. Assets below € 100,000 will not be taxed.
March 25, 2013
Cyprus: Agreement on Bank Asset Tax
Today, the Cyprian government has come to a solution on the compulsory charges on bank accounts.
March 23, 2013
Cyprus: Votes on Mandatory Levy
In case the government will not come to conclusion how to generate the required money (€ 5.8bn), the ECB will cut off the money supply for Cyprus’ ramshackle banks.
March 23, 2013
Hungary: In a Debt Crisis Soon?
New all-time high in debts was reported. Hungarian populations hopes for fast political turn-around.
March 22, 2013
Poland’s Finance Minister Shows Optimism
Deputy Finance Minister Majszczyk announced that Poland will not exeed the planned budget deficit and forcasts economic growth for the second half of the year.
March 22, 2013
Austria: How to Keep Enterprises (from Drifting Away)
At the moment, there is a subtle fear in Austria’s economy that large enterprises are going to outsource to foreign countries which is currently the case with voestalpine.
March 19, 2013
Hungary: Dissatisfaction Towards Government Grows
Right-wing leader Viktor Orban has been in parliament for almost three years. But the promised reforms and changes to improve the economic situation came to nothing. Protests are arising.
March 18, 2013
Bank Austria Takes Drastic Measures
Because of selling the Kazakhstan division and bad credits, quarter losses of € 553m for parent company UniCredit have to be faced.
March 16, 2013
Cyprus to Receive € 10bn in EU Aid Money
Russia being the biggest investor in Cyprus offered extension of credits. In return, austerity measures and reforms are demanded.
March 16, 2013
Hungary: Orban Rejects Criticisms
After making amendments to the Hungarian constitution, Prime Minister Viktor Orban and his leading Fidezs party have to face harsh criticisms. EU Justice Commissoner Viviane Reding announced to take measures.
March 15, 2013
Romania: Surplus in Balance of Payments
In January, the balance-of-payments current account posted a surplus of EUR 465 million Y/Y.
March 15, 2013
Hungary: Constitutional Amendmends Signed By Vast Majority
EU Commission fears that Hungary’s state institutions will have to experience major restrictions.
March 12, 2013
Hungary: Austrian Farmers on the Verge of Dispossession
A new regulation should help Hungarians prevent from "greedy speculators".
March 8, 2013
Hungary: Expropriation of Foreign Farmers
Prime Minister Viktor Orbán announced further steps and plans the dispossession of foreign investors.
March 7, 2013
Poland: Government Retains Economic Forecast
Despite the economic slowdown, Poland´s Minister of Finance Jacek Rostowski demonstrates optimism.
March 5, 2013
Hungary: Percentage of Foreign Direct Investments in Decline
Foreign Direct Investments in 2012 was 5.2 % less than in 2011. According to the statistical central office in Hungary (KSH), the drop in the last quarter showed even -7.9 %. Massive declines in almost all sectors.
March 4, 2013
“I do not expect for crediting requirements to tighten”
There is no reason for crediting requirements to be tightened, Zoran Stavreski, Macedonia´s Minister of Finance says.
March 4, 2013
“Business development focus in solid Austrian ties to Qatar”
Austrian State Secretary meets the Emir of Qatar and Qatar’s Foreign Affairs State Secretary for working discussions.
March 1, 2013
Bulgaria: Economy to Stabilize
Despite the enormous political instability, Bulgaria is expected to record positive growth rates this year.
February 28, 2013
Austria: Agrana Looking for New Market Shares in CEE and CESEE
CEO explains why Croatia and Serbia might be interesting settings
February 25, 2013 · Updated: February 25, 2013; 18:53
Austria Become Second Most Important Trading Partner for Hungary
Last year, only the foreign trade volume between Hungary and Germany was higher. Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz says.
February 23, 2013
CESEE Region Still Has Enormous Growth Potential
“CEE growth drivers intact but innovation is needed to start convergence 2.0” Erste Group says.
February 20, 2013
Hungary: Hope for Soon Economic Recovery Vanishes
In the last quarter of 2012, Hungary´s GDP was down by 2.7% compared to the reference period of 2011.
February 19, 2013
CESEE: Economic Outook Brightens Slightly
According to a survey carried out by OeKB (Austrian Clearing Bank), investors in the CESEE region are more optimistic.
February 6, 2013
FDI Inflow Remains Weak in Romania
Romania has recorded a low foreign trade deficit and current account deficit in Q4 2012. The low inflows of foreign capitals into the private sector persist, Raiffeisen Research says.
February 2, 2013
Hungary to Stagnate in 2013
The economic outlook for Hungary remains rather bleak. The country will not leave the recession behind this year.
February 2, 2013
EU FDI Stocks: Russia Ranks Fifth
Foreign Direct Investment EU27 investment stocks in the rest of the world increased by 50% between 2008 and 2011.
January 22, 2013
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