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Uniqa on Successful Growth Path in Bosnia and Herzegovina
Provisions increased by 15.2 percent in the first three quarters of the year and generated the second-highest growth rate. Moreover, the market share was extended to 12.2 percent.
December 3, 2013
Bratusek: Slovenia Will Manage Bank Rescue
According to Prime Minister Bratusek, Slovenia will manage the bank rescue on its own.
December 3, 2013
Austria: Debt Quota to Increase Slightly
Because of the new EU regulations the debt quota will increase by around 2.5 percent.
December 3, 2013
Poland: GDP Growth Speeds up
The long-awaited economic recovery starts to accelerate in Poland.
December 2, 2013
Croatia: Milanovic Promises Economic Recovery
Prime Minister vows that Croatia's economy will be put on a sounder footing.
November 28, 2013
Croatia: HNB Pushes Credits
According to reports by Reuters, the Croatian National Bank (HNB) intends to issue HRK 4bn (US-$ 707m) to support credits. Further details will be published by the Central Bank later this week.
November 27, 2013
Czech Republic: CNB Aquires Foreign Currencies
During monetary interventions CNB has purchased foreign currencies in the amoung of CZK 200bn.
November 26, 2013
Poland: IMF Corrects Growth Forecast Upward
Growth forecasts for next year were increased by 0.3 percent by IMF.
November 25, 2013
Szczurek: EU Funds to Create Growth
Poland´s designated Minister of Finance Mateusz Szczurek explained that EU contributions will be used to support Polish GDP growth.
November 23, 2013
Slovenia: Economic Growth Expected to Speed up Next Year
Economic growth is expected to accelerate next year.
November 22, 2013
Czech Republic: CNB Facing Investigations
Czech Senator Dryml ordered the head of counter-intelligence service (BIS) Jiri Lang to initiate investigations against the Czech National Bank (CNB).
November 22, 2013
Austria: Consumers Become More Cautious
Weak consumption is the main reason for the stagnation in Austria.
November 19, 2013
Hungary: NPLs at Record High
The number of NPLs has reached a new record high, according to MNB.
November 18, 2013
Bank Austria: Economic Recovery Continues
The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.
November 18, 2013
Romania: Growth Leader in the EU
In the first three quarters, Romania´s economic growth rate reached 2.7%
November 16, 2013
Poland: Economy Accelerates Visibly
In the third quarter of 2013, Poland´s GDP growth reached 1.9%. In the EU, Poland´s growth rate is only beaten by the Baltic countries.
November 15, 2013
Slovenian Government Wins Vote of Confidence
As expected, on Friday the Slovenian center-left government of Prime Minister Alenka Bratusek has won a vote of confidence.
November 15, 2013
Czech President Sceptical about CNB’s Forex Intervention
Czech President Zeman expressed his reservations about the Central Bank’s latest forex interventions.
November 12, 2013
Czech Republic: CNB to Intervene in Forex Market
After the Czech koruna (CZK) was devalued, the Czech National Bank (CNB) is keen on preventing a deflation. However, the key rate cannot be cut anymore as it is close to zero.
November 11, 2013
Albania: Domestic Banks Struggling to Keep Up
According to a report by the European Bank for Reconstruction and Development (EBRD), the Albanian financial sector is dominated by foreign banks. Domestic banks are struggling to keep up with the internationally operating competition.
November 8, 2013
Serbia: Key Policy Rate Cut to 10 Percent
In its meeting on November 7, the NBS Executive Board voted to cut the key policy rate by half a percentage point, to 10 percent.
November 8, 2013
Czech Republic: Economic Outlook Improves
In its latest forecast, the Czech National Bank (CNB) has corrected the outlook on the Czech economy upward for the rest of 2013 while estimates for 2014 were slightly downgraded.
November 8, 2013
Croatia Under Brussel´s Observation
The new EU member country fights against a number of economic problems. Now, the EU-Commission considers starting an excessive deficit procedure.
November 7, 2013
Poland´s National Bank Holds Interest Rate Flat
In order to boost economic growth, the Polish Monetary Policy Council has left the interest rate unchanged.
November 6, 2013
Romania: Key Rate Cut Again
The most recent cut was the fourth in a row since the beginning of July. Experts forecast the rate cutting cycle to stop in the first quarter next year when the country’s key rate is supposed to stand at 3.5 percent.
November 6, 2013
Romania: Growth Rates to Exceed Forecasts
According to the autumn forecast published by the EU Commission on Tuesday, Romania will exceed the previous estimates.
November 6, 2013
Hypo Group: Restraining Effect on Budget Consolidation
According to the EU’s autumn prognosis, nationalized Hypo Group and its liabilities running in the billions still have a restraining effect on the Austrian budget consolidation.
November 5, 2013
Slovenia: Petition Against Real Estate Tax Initiated
On Monday, a petition against the planned real estate tax was initiated. In an attempt to reduce the massive fiscal shortfall, Slovenia is looking for new revenues. The property tax is supposed to bring about more than € 400m.
November 5, 2013
CESEE Region: Booming Exports Prevent Recession
The underlying reason for the improving economic sentiment in the CESEE region is the expanding industrial sector. However, the region remains vulnerable to foreign trade and foreign investments.
November 5, 2013
Serbia: FDI as Driver for Economy
Further decline in FDI could affect economic growth in the Western Balkan state. The Serbian government announced to push forward with amendmends to improve business environment and boost economic growth.
November 4, 2013
Czech Republic Crawls Out of the Recession
The recession in the Czech Republic comes to an end. Fixed investments are still the main weak point.
November 4, 2013
Croatia: Excessive Deficit Procedure Ahead
Neither in 2013 nor in 2014, Croatia will achieve a budget deficit below 3.0% of GDP.
November 4, 2013
Czech Budget Deficit to Remain Below Approved Mark
The budget deficit in the Czech Republic increased to CZK 47.7bn in October from CZK 38.2bn in September.
November 4, 2013
Slovenia: Highest Contribution of GDP to ESM
As reported by Slovenia Times, the country has spent 2.8 percent of GDP for the Euro Stability Mechanism (ESM) last year.
November 4, 2013
Banks Jeopardize Austrian Triple-A Rating
In case further aids will become imminent, Austria could lose its rating.
October 31, 2013
Slovenia on Top of Prosperous Countries in Emerging Europe
Slovenia is leading the list of prosperous countries in Emerging Europe. Bulgaria is on the last position.
October 30, 2013
Romania: Taxes Expected to Be Raised
The local press reports that numerous anonymous sources from the larger ruling party say that the executive is considering a hike in profit and income tax.
October 28, 2013
Germany: Proceedings against Take-Over of Hypo Group to Start
On Thursday the Higher Regional Court in Munich has decided to admit the prosecution against the take-over of Hypo Group Alpe Adria, which had earlier been rejected by the Regional Court as implausible.
October 28, 2013
Slovenia: NPC Increase to Above 17 Percent
The percentage of NPCs increased from 16.3 percent in June to 17.1 percent in July 2013.
October 25, 2013
Czech Republic: Four Banks too Big to Fail
CNB has determined four domestic banks that could potentially endanger the country’s financial system in case of bankruptcy, as reported by daily “Hospodarske noviny” (HN).
October 24, 2013
Austria: Bank Aids Burden State Budget
Since the beginning of the financial crisis, Austria has lost billions of Euros.
October 22, 2013
Eurozone: Economy Starting to Grow
Experts at Ernst&Young; forecast economic growth of 0.9 percent in 2014 in consequence of an improved global economic performance.
October 21, 2013
Austria: State Debts Could Amount to 74.5 Percent of GDP
The statistical office of the European Union, Eurostat, raised doubts about the Austrian budget deficit and public debts because of the financial scandal of the government of the province of Salzburg.
October 21, 2013
Poland: IMF Upgrades Growth Forecasts
According to the IMF, Poland´s GDP growth will reach 2.4%. In the prior forecast, the IMF anticipated a 2.2% growth rate.
October 21, 2013
Bulgaria to Encourage Chinese Investments
Investments from China in Bulgaria currently come at € 85m, reports SME Times.
October 18, 2013
„Czech Republic Does Not Fully Use Its Potential“
Czech Prime Minister Jiri Rusnok thinks that the performance of the Czech economy is not dramatically bad. However, the Czech Republic must use its opportunities more effectively.
October 17, 2013
Bank Austria: Economic Recovering in Small Steps
The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.
October 16, 2013
Albania: Economic Growth below Potential
Structural reforms are needed to boost productivity and competitiveness and avoid weaknesses, according to the International Monetary Fund (IMF).
October 15, 2013
IMF: Serbia´s Reforms are Not Sufficient
On the occasion of a visit in Serbia, the IMF commented the efforts of the Serbian government to cut the budget gap. The austerity cuts are right, but the country needs further reforms, IMF´s team said.
October 10, 2013
IMF Forecasts Only Minimal Growth for Austria in 2013
The International Monetary Fund (IMF) forecasts not even one half percent of GDP growth this year for Austria. However, 2014 has better chances for accelerated growth.
October 8, 2013
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