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Foreign Trade
Czech Republic: Exports and Imports Grew Significantly in 2012
In December 2012, according to preliminary data of ‘border statistics’, exports and imports at current prices fell by 7.1% and 7.0%, year-on-year (y-o-y), respectively.
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
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
Foreign Trade: Moderate Growth in Serbia
The overall external trade in the Republic of Serbia for the period January – December 2012 amounted to EUR 23619.1m.
February 1, 2013
Hungary: Foreign Trade Goes Down
In November, export and import volumes decreased by 4.3% and 4.6%, respectively, compared to the same month of the previous year.
February 1, 2013
Serbian Current Account Improves
As per seasonally adjusted data exports kept growing in November (+2.7% mom) after increasing in October by 0.8% mom, while imports fell by 4.5% yoy (Oct/12: +4.7% mom), Raiffeisen Research says.
January 29, 2013
“Germany overestimated, USA and China underestimated”
Trade with USA and Italy just as crucial for Austrian economy as trade with Germany, Bank Austria reports. "Made in Austria" products count for above-average proportion of Austrian exports.
January 26, 2013
High Domestic Added Value in Austrian Exports
Business-related services and financial services have high degree of added value made in Austria. Half of Austrian exports are services, Bank Austria says.
January 26, 2013
Slovakia: Foreign Trade Growing Strongly
In 2011, goods in the amount of € 56 783,2m were exported from the Slovak Republic. Compared with 2010, the total export increased by 17,6 %.
January 25, 2013
Austrian Exports to U.S. Growing Massively
Compared to the reference period of 2011, exports to the U.S. grew by 10.4% in the first three quarters of 2012.
January 24, 2013
Poland Has Third-Biggest Current Account Deficit
EU27 current account surplus € 28.8 bn. € 39.3bn surplus for trade in services.
January 24, 2013
Nowotny: “The Worst Is Over”
OeNB´s (Austrian National Bank) governor Ewald Nowotny thinks that the economic situation in the Eurozone has become more stable.
January 16, 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
NBP Expects Further Slowdown
Poland´s National Bank (NBP) forecasts an economic growth rate of 1.5% in 2013.
January 14, 2013
Bulgarian Capital Account Deteriorates
In Q3 2012 the trade balance deteriorated by € 203.5m compared to the same period of 2011, which was entirely due to the increase of the export of investment goods following the recovery of investment activity in the country.
January 14, 2013
Bulgaria: Current Account Turns Into Negative Territory
Expectedly the C/A balance deteriorated in October. Cumulatively from the beginning of the year its value also moved to negative territory: EUR -31.6m.
January 12, 2013
Foreign Trade With Hungary Shrinks
External trade in goods showed a surplus of € 704 million in November. Exports and imports fell by 1.7% in 2012.
January 9, 2013
Slovakia Record Substantial Foreign Trade Growth
In the first eleven months of 2012, exports increased by 11%. Imports were up by 6.4%.
January 9, 2013
Austrian Foreign Trade Shows Small Growth
January to October 2012: trade volume of more than €103 bn in both trade flows.
January 8, 2013
Czech Republic: Exports Grew, Imports Fell
In November 2012, according to preliminary data of ‘border statistics’, current price exports rose by 4.2%, while imports fell by 2.4%, year-on-year (y−o−y), respectively.
January 7, 2013
Aiginger Praises and Criticizes Austria´s Economic Policy
Although Austria´s economic situation is relatively satisfying, there is much improvement potential, the economist Karl Aiginger says.
January 5, 2013
Serbia: Foreign Trade Grows Moderately
The overall external trade in the Republic of Serbia for the period January - November 2012 amounted to: - € 21464.6m - which was a 4.3% increase compared to the same period 2011.
December 29, 2012
Hungary: Foreign Trade Grows Sligthly
Export and import volumes grew by more than 5% in October. In the first ten months, exports were up by 2.4%.
December 21, 2012
EU: Exports to Russia Decline
EU27 deficit in trade of goods with Russia down to 65 bn euro in the first nine months of 2012.
December 19, 2012
Ukraine: Current Account Deficit Grows Significantly
Balance of payments deficit almost doubled in October – to USD 2.0 bn - amid sharp reversal in the capital flows and widening C/A deficit, Raiffeisen Research 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
Bulgarian Foreign Trade Balance Positive
In September the current account was positive (€ 332.7m), which is typical for that month of the year, mainly due to the realization of revenues from tourism and agricultural exports, Raiffeisen Research states.
December 15, 2012
Bulgaria: „The pace of economic growth is sustained“
The domestic demand compensates for the deceleration in export, Raiffeisen Research says.
December 14, 2012
Bulgaria: Foreign Trade Growing
According to the Bulgarian National Statistical Institute, Bulgarian Trade with Third Countries for the Period January - October 2012 grew by 11%.
December 11, 2012
Austria Might Prevent Recession Scenario
According to the Austrian Institute of Economic Research (WIFO), Austria´s economic performance remains weak.
December 10, 2012
Croatia: EU Scepticism Grows
After German officials considered postponing Croatia´s EU accession, Croats become more critical to the European Union.
December 8, 2012
Southeast Europe Agrees on Growth Strategy
In order to meet the 2020 growth strategy of the EU, the Balkan countries plan to co-operate more closely. Turkey and Bulgaria emphasize their good relations.
December 8, 2012
Slovakia: Strong Increase in Foreign Trade
In September 2012, compared with the corresponding period last year, the total export of goods increased by 9,6 % to EUR 5 616,6 million and the total import by 7,7 % to EUR 5 277,3 million.
December 7, 2012
Czech Republic: Recession Continues
In Q3 2012, the gross domestic product adjusted for price, seasonal, and calendar effects decreased according to the refined estimate by 1.3%, year-on-year (y-o-y), and by 0.3%, quarter-on-quarter (q-o-q).
December 7, 2012
Czech Republic: Highest Exports and Imports Ever Recorded
In October 2012, according to preliminary data of ‘border statistics’, current price exports and imports rose by 7.5% and 8.2%, year-on-year (y-o-y), respectively.
December 7, 2012
Austria: Foreign Trade Shows Decent Growth
From January to September 2012, Austria recorded a slight increase in imports (0.4%) and exports (1.6%). In the third quarter of 201, the EU27 current account surplus reached € 28.4bn.
December 7, 2012
Fischer Meets Kirchner
The Austrian President Heinz Fischer has started his state visit in Argentina.
December 3, 2012
Austria´s Trade Surplus Has Doubled
Services and tourism contribute to increase in trade surplus: Austria's trade surplus doubled in the first half of the year to € 3.5bn, despite a fall in goods traffic.
December 3, 2012
Serbia: Industrial Data on the Rise
In Serbia, the economic activity and foreign trade grows again, the Statistical Office says.
December 1, 2012
Hungary: Foreign Trade Declines
Surplus of HUF 215bn in external trade along with a decreasing turnover in September.
November 30, 2012
Serbia: Exports Decreasing
As per seasonally adjusted data exports fell in August by 0.4% mom (July/12: +2.2% mom), while imports fell by 1.9% mom (July/12: +0.2% mom). Trade deficit in Jan1Aug/12 widened further to € 4.0bn (+12.8% yoy).
November 29, 2012
OECD: CESEE Countries A Risk Factor for Austria
Next year, Austria´s economy will only show a growth rate of 0.8%. Unemployment is estimated to increase further. CESEE countries would lower the grow prospects for Austria, OECD says.
November 27, 2012
Romania: Foreign Trade Declines
"When expressed in EUR equivalent, both exports and imports of goods fell marginally in Q3 (-1.1% qoq and -0.3% qoq respectively, according to our in-house seasonally adjusted data)." Raiffeisen Research says.
November 26, 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
CESEE: Eurozone crisis and Austerity Push Half of the Region into Recession
Export weakness and suppressed domestic demand will push nearly half of the CESEE region into recession this year, including the Czech Republic, Hungary, Slovenia, and nearly all Western Balkan countries.
November 26, 2012
CESEE: Foreign Trade With Austria Booms
This year, Austrian exports to countries in Central, Eastern and Southeastern Europe are growing substantially.
November 24, 2012
Slovakia: Economy Slows Down
In the third quarter of 2012, Slovakia´s GDP grew by 0.6%. Compared to the previous quarter, the growth rate remained unchanged.
November 19, 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
Austria Third Largest Investor in Czech Republic
According to the Czech President Vaclav Klaus, his Austrian counterpart Heinz Fischer and the President of the Austrian Chamber of Commerce Christoph Leitl, the bilateral trade relations are expandable.
November 14, 2012
"Important step towards opening the Nigerian export market"
Austria concludes investment protection agreement with Nigeria.
November 13, 2012
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