GDP Gross Domestic Product
Singer: “Forex Interventions Were Right Measures”
Miroslav Singer, Governor of the Czech National Bank (CNB), considers the forex intervention and the weakening of the Czech Crown as the right measures in the light of the most recent inflation figures.
February 13, 2014
Serbia: FDI for Sustainable Growth
Serbia needs FDI in the amount of € 2bn at least to stimulate sustainable growth, according to experts.
February 12, 2014
Poland: Economic Growth to Speed Up
According to the Economy Ministry’s forecast, economic growth is supposed to come at 3 percent of GDP year-on-year this year. Inflation, on the other, is expected to come at 2 percent.
February 10, 2014
Standard & Poor´s Underlines Poland´s Economic Robustness
The U.S. rating agency S&P keeps Poland´s sovereign debt rating unchanged. The outlook remains stable.
February 7, 2014
Romania Reaches Agreement With IMF
Romania has met the criteria to receive a stand-by agreement by the International Monetary Fund.
February 5, 2014
Poland: Economic Growth in 2013 above Expectations
GDP growth in Poland came at 1.6 percent year-on-year in 2013 which is 0.1 percent above expectations.
January 31, 2014
Croatia: S&P Downgrades Rating
Standard&Poors; has downgraded Croatia’s rating to “BB”. The outloock on the long-term rating for the country is at least “stable”.
January 24, 2014
Slovenia: NLB Facing Downsizing Measures
Slovenian NLB is facing severe downsizing measures. As part of the restructuring process, the country’s biggest bank has to lay off personnel.
January 24, 2014
Slovenia: Bank Losses Tripled in 2013
Over the last year losses in the banking sector tripled to almost € 1.1bn.
January 23, 2014
Austria: Debt Rate Rises Unstoppably
In the third quarter last year the Austrian public debt rate increased significantly compared to the previous quarter.
January 22, 2014
Slovenian Economy to Shrink “Only” 2 Percent
According to the ERBD’s (European Bank for Reconstruction and Development) revision, Slovenia’s economy will shrink “only” 2 percent up from a 2.5 contraction of GDP which was forecast in November.
January 22, 2014
Erste Group: Moderate Economic Recovery in Eurozone
Euro area sentiment indicators point to a continuation of the moderate recovery, according to Erste Bank.
January 20, 2014
S&P Optimistic About Slovenia
The U.S. rating agency reiterated the Slovenian sovereign debt rating at A-. The outlook remains “stable”. S&P´s analysts consider Slovenia´s crisis management as adequate.
January 17, 2014
Czech Republic: Economic Growth Expected to Expand
The Czech Banking Association (CBA) has adjusted its economic forecast and expects a growth rate of 1.9 percent for the Czech economy this year.
January 14, 2014
CESEE: Lack in FDI Causes Modest Economic Growth
The International Monetary Fund (IMF) is cautiously optimistic about economic growth in CESEE.
January 14, 2014
Serbia Facing Testing Year
The Serbian government is currently working on a plan to improve the competitiveness of domestic enterprises.
January 13, 2014
Austria: VBAG Not to Receive Further Aids
Ailing banking institute VBAG of the Austrian Volksbanken Group will not be granted further state aids.
January 13, 2014
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
Slovenia: 2014 Credit Line of € 7.7bn
On Thursday the Slovenian government adopted a budget financing plan which includes this year’s credit line of up to € 7.7bn.
January 10, 2014
RBI Expects Growth to Accelerate in 2014
2014 marked by growth recovery, according to RBI Research.
January 9, 2014
Slovenia: Growth through Diplomatic Network
Slovenian Finance Minister Karl Erjavec assured that throught diplomatic network the country’s economy will still be supported.
January 9, 2014
Slovenia: Calls for Reforms Become Louder
The Slovenian Chamber of Commerce (GZS) calls upon the government to accelerate the realization of reforms to boost economic growth.
January 8, 2014
Serbia: One of Fastest Growing Economies
Last year Serbia was among the ten fastest growing economies in Europe, as pointed out by Deputy Prime Minister Aleksandar Vucic.
January 8, 2014
Hungary Amending Figures of Budget Deficit
Hungarian Finance and Economy Minister Mihaly Varga announced that the budget deficit of 2013 will be below the target after it was lowered dramatically.
January 8, 2014
Poland: On Path of Recovery and Growth
The Polish economy has been growing steadily since the beginning of 2013. However, budget deficit slightly exceeded forecasts.
January 7, 2014
Slovenia: More Resistance Against Real Estate Tax
On Friday a second petition was filed at the Constitutional Court against the property tax.
January 4, 2014
Czech Governor Awarded Banker of the Year 2014
Miroslav Singer, governor of the Czech National Bank (CNB) was given the Central Banker of the Year 2014 award for Europe by The Banker.
January 3, 2014
Czech Economy to Return to Growth
After two years of GDP contraction, the Czech Republic will reach moderate economic growth rates in 2014.
January 2, 2014
Austria: Unemployment Rate at Record High
Last year the unemployment rate in Austria recorded its highest level in 60 years.
January 2, 2014
Slovenia: FDI to Remain Low in 2014
No improvement in increasing foreign direct investments in Slovenia is expected this year. The country has one of the smallest shares in inward FDI among EU member countries.
January 2, 2014
„Such Growth Rates Will not Return“
In an interview with the Austrian daily “Presse”, economist Karl Aiginger explains that the worst should be over. The reform pressure on the Austrian government is enormous.
December 30, 2013
Austrian Public Debt Reaches New High
The total size of public debt was never before so high. In the next years, the public debt ratio will come close to 80% of GDP.
December 30, 2013
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
Croatia Needs Major Bridge Loan
In order to cover its fiscal shortfall, the youngest EU member country takes a bridge loan in the amount of € 200m.
December 28, 2013
Romania: Growth to Slow Down
In 2014, Romania´s GDP growth will only reach 2.0%, Turkish GarantiBank forecasts.
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
Bulgaria Still Below Pre-Crisis Level
The World Bank predicts that Bulgaria will not reach the pre-crisis level before 2008 in terms of GDP. Regarding Bulgaria´s fiscal situation, the country performs well, though.
December 20, 2013
Slovenia: Budget Shortfall Greater than Expected
As per the end of November the country’s budget deficit amounted to almost € 1.62bn, according to the latest estimates by the Finance Ministry.
December 20, 2013
Wifo: Sluggish Growth Because of Weak Consumption
According to Wifo’s (Austrian Institute of Economic Research) prognosis for the coming years, economic upturn in Austria will remain flat because of weak consumption.
December 19, 2013
World Bank Increases Economic Growth Forecast for Poland
The World Bank has increased economic growth in 2013 from 1.0 percent to 1.5 percent.
December 19, 2013
Serbia: EU Accession Talks in January Fixed
Prime Minister Dacic considers results as “historic event” for Serbia.
December 18, 2013
Czech Republic: Rusnok to become CNB Board Member
Outgoing Prime Minister Jiri Rusnok will be appointed new board member of the Czech National Bank (CNB) by President Milos Zeman.
December 18, 2013
Czech Republic: Lowest Increase in Public Debts in 17 Years
According to the government’s Funding and Debt Management Strategy, public debt should exceed CZK 2,000bn by the end of 2016.
December 17, 2013
Bulgaria: Majority of Citizens Call for Early Elections
According to a poll, 80 percent of Bulgarians demand early elections.
December 17, 2013
Austria: Opening Balance Reveals Massive Mountain of Debt
Public debts exceed the federal assets by more than double the amount, as revealed by the opening balance published by outgoing Finance Minister Maria Fekter last weekend.
December 16, 2013
Poland: Budget Bill Approved by Lower House
On Friday, the Polish lower house Sejm approved next year’s budget bill which schedules the budget deficit of PLN 47.6bn not to be exceeded.
December 16, 2013
Romania´s GDP Growth to Slow Down
In 2014, Romania is expected to grow moderately. Compared to 2013, growth will decelerate. The recovery mainly depends on exports.
December 16, 2013
Croatia: Major Investments to Boost Economic Growth
The Croatian government on Thursday adopted an investment plan for 2014 which includes large-scale investments, amounting to as much as HRK 73.1 billion.
December 13, 2013
Poland: Growth May be Higher than Projected
Poland´s new Finance Minister Mateusz Szczurek thinks that the growth estimations for 2014 may be too cautious.
December 12, 2013
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