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Forecasts

UniCredit Final Restructuring Program on Bank Austria's Retail Business

UniCredit announced a major step in its strategic plan execution, by launching a profound restructuring program on its Austrian retail business that will enable Bank Austria to develop its business in a sustainable way, while bringing down significantly its cost income ratio. The restructuring plan will allow to reduce by 2018 Bank Austria's overall costs by € 150mn per year on an ongoing basis on top of the Strategic Plan and with main focus on personnel expenses, leading to an overall cost decrease by almost € 300mn versus 2014 in order to ensure the business sustainability in the long-run.

December 15, 2015

OVAG to Merge With Another Bank?

A merger or collaboration of some sort with another bank may be in sight for Austrian bank group Osterreichische Volksbank AG (ÖVAG), Standard daily reports in its Tuesday issue. US investment bank Lazard is on lookout for offers.

September 9, 2014

Wienerberger Increases Capacity in the UK

Rising demand in the UK made it necessary for Wienerberger to initiated measures to increase its capacity. Around 200 million more bricks per annum will be produced by re-activating mothballed factories, investing in technology upgrades, adding shifts and new jobs throughout its UK operations, and importing from the continent. Earnings contribution from re-activated plants will be reflected in 2015 results

July 17, 2014

Czech Republic: CNB Demonstrates Optimism

The Czech National Bank has revised the economic outlook. Domestic demand remains is expected to remain weak.

February 7, 2014

Polish Economic Growth Boosted by Exports

Due to the growing exports, Poland´s GDP accelerated in the third quarter.

November 29, 2013

Austria: Consumers Become More Cautious

Weak consumption is the main reason for the stagnation in Austria.

November 19, 2013

Calculated Optimism in Slovenia

Slovenia´s Ministry of Economics expects a return to growth in the course of next year. According ot economists, this forecast is leading to doubt.

October 15, 2013

Croatia: Domestic Consumption Remains Weak

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

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

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

Poland: Recovery Remains Fragile

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

September 26, 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

Slovakia: Economic Forecasts Improves

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

September 21, 2013

Eight Austrian Banks to be Supervized by ECB

The European Central Bank will supervise 130 banks in the Eurozone. 18 German and six Austrian banks will have a new supervision authority.

September 6, 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

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

Austrian Industrial Sector Fears Drop in Exports

In the first five months of 2012, Austrian exports were only up by 3%. The outlook is rather gloomy. The Austrian Chamber of Commerce demonstrates pessimism.

July 18, 2013

CNB Expects Croatian GDP to Contract Remarkably

The Croatian National Bank forecasts a GDP decline of 1.0% in 2013.

July 17, 2013

Russia Only Posts Moderate Growth Rates

Russian economists forecast that the Russian GDP will grow by 1.6% this year. This is substantially below the growth rate of 2012.

July 16, 2013

Austria: Consumer Confidence Negative

Today, Bank Austria has published its monthly economic indicator. Domestic demand will not grow this year, Bank Austria says.

July 16, 2013

Poland: Economy Not to Recover Before July

Polish economy is not expected to rebound as soon as the second half of this year and only on the condition that export partners see a growing GDP rate.

May 15, 2013

Austria’s Economy Grows Faster Than Eurozone

Economists of the International Monetary Fund (IMF) are confident for a positive development of Austria’s economy.

April 16, 2013

Czech Republic: Finance Ministry Worsens Economic Outlook

In an updated macroeconomic forecast for the economic development, the Czech Finance Ministry deteriorated the country’s outlook.

April 16, 2013

Poland: Inflation Rate for Private Individuals At 1.6 %

March was the seventh consecutive month of decline in private individuals' inflation expectations. Respondents place average inflation rate as expected over the next 12 months at 1.6%.

March 30, 2013

Hungary: Economic Growth Only in 2014

The MNB, the National Bank of Hungary estimates economic growth to further stagnate in 2013 but forcasts positive devolopments for the next year.

March 29, 2013

Romania: Positive Outlook on Economy for Next Months

For the months of March to May 2013, experts forecast economic growth of up to 35 % in some sectors.

March 29, 2013

Austria: Negative Outlook for Banks

Moody’s current analysis paints a rather bleak picture about the situation of the Austrian banking industry.

March 8, 2013

Poland: Government Retains Economic Forecast

Despite the economic slowdown, Poland´s Minister of Finance Jacek Rostowski demonstrates optimism.

March 5, 2013

“Austrian Industry Still Taking a Breather”

Signs of a stabilisation emerging in employment. |Reduced cost pressure as a result of current price trends. | Delayed spring awakening in industry may provide too little support for a GDP increase in the first quarter of 2013.

March 5, 2013

Mixed Outlook for Russia

This year, Russia´s GDP will grow by 3.3%, the World Bank predicts. Regarding economic reforms, Russia must improve its effort, though.

March 4, 2013

Bulgaria: Economy to Stabilize

Despite the enormous political instability, Bulgaria is expected to record positive growth rates this year.

February 28, 2013

EU Commission: Austrian Growth Above EU Average

Unlike the Eurozone, Austria will record a positive growth rate this year. Within the EU, the situation is highly different.

February 22, 2013

Romania: Disappointing Economic Growth

“According with the flash estimate, GDP increased marginally in Q4 2012 (+0.2% qoq), which was a touch above our expectations and market consensus”, Raiffeisen Research reports.

February 21, 2013

Austria: “Things are improving, but only slowly”

“The decline in the fourth quarter of 2012 is old news.” Austria’s economy growing moderately again in the first quarter, Bank Austria says. Economic growth in 2013 to be slightly higher than last year.

February 15, 2013

Boom Market Turkey: Overheating or an Investment Opportunity?

Erste Group: “A Positive Outlook on the Bosporus”. This year, Turkey´s expected GDP growth comes at 4%.

February 11, 2013

Voestalpine: CEO Eder Cautiously Optimistic

CEO Wolfgang Eder anticipates an economic recovery in the second half of 2013. Despite the difficult framework conditions, voestalpine´s management retains the earnings forecast.

February 7, 2013

Austria´s Economic Situation Is „Unfavorable“

Today, the German economic research institute ifo has published a report on the economic outlook in the Eurozone.

February 6, 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

Czech Republic Returns to Growth Slowly

According to the Czech Ministry of Finance, the recovery will be only gradual. This year, GDP is expected to increase by 0.1%.

February 2, 2013

Slight Upward Trend for CESEE Countries

The economic crisis in the Eurozone has hit the CESEE countries particularly hard, EBRD reports. 2013 will be a better year.

February 1, 2013

“Austria’s Industry Edges Towards Economic recovery”

Bank Austria Purchasing Managers’ Index for January increases slightly. Moderate improvement in orders helps to offset the decline in production output.

January 31, 2013

Slovak National Bank Cuts Economic Forecast

In January 2013, Národná banka Slovenska (NBS) revised the NBS Medium-Term Forecast published in December 2012 (MTF-2012Q4).

January 30, 2013

IMF: Growth in CESEE Region to Accelerate

In the next three years, economic growth rates in central, eastern and southeastern Europe will return to the pre-crisis level, IMF says.

January 23, 2013

“Austria on its way out of economic slump”

Increasing signs of economic turnaround: GDP contraction in final quarter of 2012, but economy will gradually gain momentum in 2013, Bank Austria reports.

January 17, 2013

Sector Report by Bank Austria: Austria’s Food Industry Stagnates

Weak trends in 2012: output stagnates, sales revenue grows by 3 per cent. Improved outlook for 2013: output may grow slightly. Growth potential driven by strong exports, especially to Eastern Europe.

January 16, 2013

Stepic: „CESEE Region Faces Challenging Year“

RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.

January 15, 2013

CESEE: Chakrabarti Expects Stabilization

In an interview with the Austrian news magazine „Standard“, EBRD´s President Suma Chakrabarti demonstrates cautious optimism. 2013 will be a better year for the CESEE region, he says.

January 14, 2013

First Signs of Economic Recovery

Liquidity is driving the markets, global monetary policy remains heavily expansive. Muted growth outlook for CEE.

January 10, 2013

2013: Where Will Growth Come From?

Where Will Growth in the Euro Zone and the US Come From? GDP growth in Austria is expected to reach 0.9% this year, Erste Group says.

January 9, 2013
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