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Foreign Trade


Romania: Economic Growth not Sustainable Yet

In the third quarter of 2013, Romania´s GDP growth amounted to 4.1%. Nevertheless, Romania is still far from a sustainable economic recovery.
January 11, 2014


Czech Economy: Good Prospects for Sustainable Recovery

The Czech economy is expected to return to growth already in the first half of 2014. Growth will not be only based on exports.
January 10, 2014


Hungary: Best Economic Outlook since 2002

After the country had left the double-dip recession, the Hungarian economic sentiment index has reached the highest level in more than 11 years. Nevertheless, the country still has to manage number of fundamental risks.
December 28, 2013


„CESEE No Driver Yet“

Birgit Kuras, CEO of Vienna Stock Exchange, thinks that the Vienna Stock Exchange is highly influenced by the CESEE operations of listed companies.
December 23, 2013


Hungary: Positive Outlook, Negative Frame Conditions

In the short term, Hungary´s economy will accelerate. However, it is still uncertain whether the country achieves a sustainable return to growth.
December 21, 2013


Poland: Interest Rate to Remain at Record Low

In the first half of 2014, the National Bank of Poland (NBP) will not alter the reference rate, economists say.
December 10, 2013


Czech Republic Remains in Recession

The Czech economy continues to shrink. Above all, private consumption and investments are weak.
December 5, 2013


CESEE: Slight Growth Acceleration, but Uncertainties Persist

The Vienna Institute for International Economic Studies (wiiw) has published the economic forecast for the CESEE region today. The economic performance varies substantially from country to country.
November 28, 2013


Czech Republic Among Most Open Economies in EU

In terms of foreign trade, the Czech Republic is one of the most open economies in the European Union, the Czech Statistical Office reports.
November 20, 2013


Romania: Growth Leader in the EU

In the first three quarters, Romania´s economic growth rate reached 2.7%
November 16, 2013


Hungary: Moderate Increase in Foreign Trade

From January to August 2013, Hungary´s export volume was up by 1.4%. Imports increased by 0.4% year-on-year.
November 1, 2013


Slovakia: Exports Are Key Driver for Growth

Last year, Slovak exports were up by 9.4%. The main export products are automotive products and electronics. Germany is Slovakia´s main trade partner.
November 1, 2013


Visegrad Countries Encourage Western Balkans to Join EU

Representatives from Poland, the Czech Republic, Slovakia and Hungary support the EU accession of Western Balkan countries.
October 31, 2013


Poland: Key Rate to Remain Low

In order to support the positive growth trend, the Polish National Bank (NBP) will keep the key rate flat next year. Poland´s economic growth is mainly based on foreign demand, though.
October 24, 2013


Croatia: Inflation Moderate

At the session the CNB Council examined recent economic and monetary indicators, as well as expected further developments.
October 10, 2013


Serbia Fights Against National Bankruptcy

The Serbian government has decided to implement a new austerity package. Above all, civil servants face substantial salary cuts.
October 9, 2013


Czech Republic: Foreign Trade Surplus Grows

In August 2013, according to preliminary data of ‘cross−border statistics’ at current prices, exports increased by 1.9% while imports stagnated, year-on-year (y−o−y).
October 8, 2013


UK: Growth Potential in CESEE

According to the IMF, the UK economy is not diversified sufficiently. Now, UK promotes exports to the CESEE region.
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


Romania: Consumption Remains Sluggish

In order to support Romania´s economy, the National Bank of Romania continues its monetary easing policy.
October 3, 2013


Hungary: Net Exports Grow Slightly

In the seventh month of 2013, the export volume of external trade in goods increased by 7.4%, while the volume of imports grew by 6.4% year-on-year.
October 3, 2013


Slovakia: Economic Upward Trend Supports Fiscal Targets

After six consecutive quarters of economic deceleration, Slovakia faces better economic data. The positive trend helps Slovakia´s government.
September 26, 2013


Poland: Recovery Remains Fragile

Poland´s economy has bottomed out. However, the recovery mainly depends on foreign demand.
September 26, 2013


CNB: No Monetary Interventions Necessary

The Czech Republic´s economy moves forward slowly. A weaker koruna is not necessary.
September 24, 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


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


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


Poland: Foreign Trade Deficit Grows Substantially

Poland's final 2012 trade deficit comes at € 10.584 bn, according to statistics office.
July 30, 2013


Russia: Inflation on the Rise

In the first six months of 2013, the inflation rate came at 3.5%. Compared to the reference period of 2012, the inflation rate was up by 0.4 percentage points.
July 23, 2013


Turkish National Bank Raises Base Rate

Today, Turkey´s National Bank has increased the base rate from 6.5% to 7.25%. Turkey wants to prevent a devaluation of the lira.
July 23, 2013


Poland: Economic Trend Reversal Likely

In the 1st half of 2013, together with still unfavourable business tendencies on global markets, the economic slowdown maintained in Poland. However, forecasts give reason for cautious optimism..
July 23, 2013


Russia: Recession Not Excluded Anymore

Above all, Russia suffers from a shrinking industrial sector and a decline in foreign direct investments.
July 22, 2013


EU: Current Account with Russia Deep in the Red

EU27 current account surplus came at € 29.1 bn in the first quarter of 2013.
July 18, 2013


Russian Economy Shows Insufficient Diversification

The Russian economy is primarily based on commodities, economists at the Moscow Higher School of Economics report. In the medium term, Russia has no growth potential, the experts say.
July 18, 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


Turkey Considers Economic Re-Orientation

The Turkish government wants to shift its economic focus from Europe to Asia.
July 18, 2013


EU: Trade Surplus with Turkey Grows, Trade Deficit with Russia Shrinks

Euro area international trade in goods surplus 15.2 bn euro.
July 17, 2013


Serbian Foreign Trade Still Highly Negative

Current Account Deficit to fall below 7% of GDP in 2013, the Serbian National Bank reports.
July 17, 2013


Spanish and Polish Prime Minister Support EU-US Free Trade Agreement

On the occasion of a state visit in Madrid, Poland´s Prime Minister Donald Tusk declared that the free trade agreement between the U.S. and the EU would be a driver for economic growth. The EU must strengthen its energy strategy, Tusk said.
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


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


Serbia: Foreign Trade Grows Significantly

The overall external trade in the Republic of Serbia for January 2013 amounted to EUR 1724.6 million - which was a 9.5% increase compared to the same period 2012.
March 14, 2013