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Foreign Trade
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
Turkey: Economic Imbalances Become More Visible
Unlike the Eurozone, Turkey´s economy still shows substantial growth rates. However, Turkey suffers from a number of structural weaknesses.
March 13, 2013
Austrian Economy Recovers Cautiously
At the moment, Austria´s economy still stagnates. In the first quarter of 2013, the economic growth rate only comes at 0.1%, the Austrian National Bank says.
March 13, 2013
Russia’s Share in Latvian Exports Decreases
Provisional data of the Central Statistical Bureau show that in January 2013 compared to December of previous year, exports value of goods at current prices decreased by 4.6%, but of imports – by 4.1%.
March 13, 2013
Estonia: Economic Growth Reached 3.2%
According to the second estimates of Statistics Estonia, in 2012 the gross domestic product (GDP) increased by 3.2% compared to the previous year.
March 13, 2013
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