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CESEE: Economy Slows Down Further

CEE macro downturn to hit trough in Q1 2013; forecast GDP growth 2013: Poland 2.2%, Slovakia 1.3%, Romania 1.1%, Erste Group says.

January 7, 2013

CESEE Equity Market: Upside Trend after Slow Start

Country allocation: An overweight on Russia is a strong bet for the coming quarter and mostly based on liquidity searching for an option after Turkey performing so strongly, Erste Group says.

January 7, 2013

Bulgaria: Private Households Not to Increase Consumption

According to UniCredit Bulbank, the consumer behavior will remain rather cautious this year.

January 5, 2013

Cautious Growth Forecasts for Austrian Economy in 2013

Austria's economic research institutes predict an economic rebound from 2013. Consulting firm Ernst & Young has also forecast slight growth for Austria in 2013.

December 29, 2012

Equity Market: Erste Group Cautiously Optimistic

Earnings are expected to grow again, but vulnerabilities remain. The global debt crisis remains unsolved, Erste Group says.

December 29, 2012

Favorable Economic Outlook for Croatia

After a severe setback since 2009, the country is expected to register substantial growth rates again, Erste Group says. Above all, the EU accession is expected to boost the country´s economy.

December 28, 2012

Outlook: Europe Remains Under Threat

The European debt crisis will remain a major issue, Austrian Erste Group says.

December 28, 2012

Austrian Economy: IHS and WIFO Cautiously Optimistic

The two Austrian economic research institutes anticipate an economic recovery in the second half of 2013.

December 21, 2012

“CEE Strong Than Western Eurozone”

Erste Group publishes its Outlook Stock Markets and Vienna Stock Exchange 2013. The Sovereign debt remains the biggest problem, Erste Group says.

December 19, 2012

Ernst & Young: Austria Almost Stagnates

Next year, Austria only will grow by 0.9%, the consulting group says.

December 19, 2012

Austria: “Economic Stability in Sight “

Moderate rise in economic growth: after 0.5 percent in 2012, figure of 0.9 percent anticipated for 2013 due to growing export demand. Long-term outlook: if domestic demand picks up, increase of 1.5 percent on the cards for 2014.

December 17, 2012

Bulgaria: „The pace of economic growth is sustained“

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

December 14, 2012

Slovak Growth Flattens

NBS published the Medium-Term Forecast (MTF-2012Q4). Next year, Slovakia´s economic growth comes at 1.6%, NBS says.

December 10, 2012

“Turnaround in sight for industrial activity”

The Bank Austria Purchasing Managers' Index climbs in November to best reading since June. Rising orders nudge production up slightly in Austrian industry for the first time since the summer

November 30, 2012

RHI: 2012 Will be Successful

The Austrian refractory company will record a substantial increase in revenues and earnings, CEO Struzl says. However, results of the fourth quarter are expected to slacken.

November 30, 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

Kapsch TrafficCom: Losses Ahead

The Austrian toll system developper Kapsch TrafficCom will publish its results tomorrow.

November 21, 2012

Nowotny: GDP Forecast Will not Hold

The governor of Austria´s National Bank Ewald Nowotny admits that the forecast on Austria will have to be revised.

November 21, 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

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

Bank Austria: “Austrian agriculture has optimistic prospects for the future”

Agricultural revenues grew by roughly one third in 2010 and 2011 to EUR 2.6 billion. Agriculture loses a bit of momentum in 2012: Losses in revenue despite price increases due to dramatic decline in harvest yields.

November 14, 2012

Romania Hopes for New IMF Loan

The economic situation remains gloomy. Foreign direct investments are weakening. The economic outlook is rather decent.

November 13, 2012

Latvia Has Best Growth Prospects

Today, the EU Commission has announced its economic forecast for 2012. Austria is among the economically stable countries.

November 8, 2012

CESEE: Business Climate Deteriorates

According to OeKB (Austrian Clearing Bank), the economic sentiment in Southeastern Europe is declining. Poland remains the growth engine.

November 7, 2012

Consumer Confidence Declining

In Hungary and Bulgaria, the economic sentiment is declining.

November 6, 2012

RHI: Satisfying Results Ahead

The Austrian refractory company faces high expectations. The results of the third quarter will be published next Tuesday.

November 3, 2012

Austria: Industrial activity Remains Weak for Now

Falling orders trigger cutbacks in production and job losses once more. Earnings of companies under pressure from sharp rise in input prices. Recovery in industry expected no earlier than 2013: growth of 3 per cent on horizon.

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

Voestalpine Confirms Guidance

The Austrian steel company expects stable operating profits. Demand is declining substantially, CEO Eder comments.

October 18, 2012

Estonia: IMF More Optimistic

The Estonian economy is expected to expand by 2.4% this year.

October 18, 2012

Andritz is Concerned About China

The CEO of Andritz Wolfgang Leitner thinks that there are substantial risks for the Chinese and European economy.

October 10, 2012

Czech Economy to Shrink by 1.0% This Year

According to IMF, the Czech GDP will shrink by 1.0% this year. Next year an economic growth rate of 0.8% is expected.

October 10, 2012

IMF Issues Optimistic Forecast for Slovakia

According to IMF, Slovakia´s economy will grow by 3.3% this year. However, the forecast had to be reduced compared to the prior forecast.

October 10, 2012

CEE Countries Must Work Upon Economic Convergence

CEE countries are struggling with weaker external demand and uncertain consumers, whereas in most cases fiscal policy is under control. Labour productivity, costs and competitiveness of CEE region give reason for optimism.

October 5, 2012

IMF Puts Pressure on Slovenia

Slovenia is urged to implement quick reforms. Otherwise the country may have to be bailed out by the safety net.

October 3, 2012

Slovenian Recession Aggravates

In 2012, the Slovenian economy is expected to shrink by 1.8%. Next year, Slovenia will not have reached the growth zone.

October 1, 2012

CEE Equity: RBI Cautiously Optimistic

RBI forecasts a slight increase in yields for Poland, Hungary, Russia and the Czech Republic. Austrian ATX should grow moderately in the next 12 months.

September 28, 2012

Orders Down for Austrian industry

Sharpest decline in orders since the middle of 2009 results in a significant reduction in production – job losses in industry pick up pace in September. Contraction in industry weakens overall economy: modest decline in GDP likely for the third quarter.

September 28, 2012

Austrian Companies: Declining Profits, Growing Sales

According to a survey, Austrian company leaders expect mixed results. One quarter intends to hire more staff. One quarter considers reducing the number of employees.

September 24, 2012

RHI Demonstrates Optimism

The Austrian manufacturer of refractory products expects increasing revenues and a growing EBIT margin.

September 24, 2012

Bulgarian Economy to Recover

In 2013, Bulgaria is expected to show substantially higher growth rates, UniCredit Bulbank says.

September 24, 2012

Croatia: Recession Aggravates

According to the Croatian Statistical Office, GDP was down by 2.2% compared to last year.

September 20, 2012

National Bank of Slovakia Adapts GDP Growth Forecast

According to NBS, the Slovak economic growth is expected to reach 2.7%. This is higher by 0.2 percentage points than NBS forecasted in June.

September 19, 2012

Slovak Economic Growth to Slow Down

The Slovak Ministry of Finance cuts the GDP forecast to 2.1% in 2013.

September 18, 2012

Austrian Economy at a Standstill – "But probably not for long"

Bank Austria's Business Indicator sinks to -0.7 points in August, the third decline in a row. 2012 as a whole expected to be up to 1 percent, in spite of stalled economic activity in the second half of the year.

September 17, 2012

Czech Unemployment Rate Remains Flat

In August, the Czech Republic´s unemployment quota came at 8.3%.

September 15, 2012

Romania Still Shows Weak Growth Rates

“We expect economic recovery to remain sluggish. Weak external demand suggests exports and industry would not offer support to GDP growth. “ RCB (Raiffeisen Centrobank) says.

August 31, 2012

Weak Demand Slows Austrian Industry

Bank Austria's Purchasing Managers' Index drops in August to lowest reading since mid-2009. A growth horizon is no longer in sight. In Austria, a substantial fall in order was observed.

August 30, 2012

Uniqa´s Net Income Expected to Triple

According to German Berenberg Bank, the Austrian insurance group should increase net income to € 22m from € 7m in the second quarter of 2012.

August 28, 2012

Lithuania Suffers From Crisis in Eurozone

The Baltic country has to lower GDP growth forecasts. As foreign trade grows not as fast as expected, the Bank of Lithuania becomes more cautious. This year, Lithuania´s GDP is expected to grow by 3.0%.

August 22, 2012