GDP Gross Domestic Product

Hungary: Easing Cycle Nears Its End

After the interest cut last week, there is still downward potential. However, MNB must be cautious, Hungary´s rate setter Gyula Pleschinger told WSJ.

October 4, 2013

Economic Recovery and Interest Rate Turnaround Also in Austria?

Not only Germany but also the peripheral areas of the European Union see economic recovery supported by an increasing export activity.

October 3, 2013

Economic Upturn in Austria, Eurozone and CEE

Turbulent Emerging Market conditions have little impact on CEE.

October 2, 2013

Austria: Better off within Eurozone

Economic experts claim that since the beginning of the single currency union, Austria has seen an additional economic growth of 0.4 percent. According to them, a collapse of the Eurozone would lead to a massive decline in exports.

October 2, 2013

Bulgaria: Major Decrease of Insurance Business

The insurance industry saw a strong decrease of business of 13 percent in only four years.

October 2, 2013

Czech Republic: GDP to Contract Less Drastically

The year-on-year decrease of the gross domestic product in 2012 has been refined to 0.9% against the up-to-now published 1.2%.

October 1, 2013

Serbia: Minor Growth of GDP

Serbia's real GDP growth in second quarter of year stands at 0.2%

October 1, 2013

Modest Increase in Croatian Purchase Power

Croatian per capita consumer spending is forecast to increase by a modest 18% to 2017.

October 1, 2013

Slovenian Government to Approve Adjusted Budget

The Slovenian government today plans on implementing the revised budget for next year and the draft for the 2015 budget.

September 30, 2013

Austria: Public Debt Increased to 74.0 Percent of GDP

Public finances 2012: public deficit at 2.5 percent, public debt at 74.0 percent of GDP.

September 30, 2013

Czech Republic: Working Poor Class Grows

In total, about one million Czechs fall into the category of employed poor. Their number is growing substantially.

September 28, 2013

Hungary is Seeking New Creditors

The Hungarian public debt agency AKK intends to sell more sovereign bonds in Asia. Compared to other European countries, Hungary´s debt burden causes severe difficulties.

September 27, 2013

Croatia Plans on Increasing VAT by Three Percent

Croatia eyes increased intermediate VAT from 10 to 13%.

September 27, 2013

Austria: Kapsch Demands Reform Agenda From New Government

Georg Kapsch, President of the Federation of Austrian Industries (IV) demands the next federal government to introduce a comprehensive reform agenda.

September 27, 2013

Romania: Modest Growth for Metal Industry

Romania's metals sector will continue to see modest growth.

September 27, 2013

Czech Republic: Recession Is Not Managed Yet

This year, the Czech GDP is expected to contract by 1.1%, the Czech Ministry of Finance forecasts.

September 26, 2013

Slovenia: PM Takes International Bailout into Consideration

For the first time the crisis-struck Eurozone member country has admitted to consider international bailout as an option for its ailing banks.

September 26, 2013

Slovenia: Economic Outlook Deteriorates

Slovenia has slipped back into recession as its real GDP declined by 2.3 % in 2012.

September 26, 2013

RBI Upgrades GDP Growth Forecasts

Economic recovery reshuffles the cards.

September 26, 2013

Croatia: Fiscal Situation Deteriorates Further

Due to the weak economy, the budget gap will increase. The end of the recession is still uncertain.

September 26, 2013

Slovenia: Controversies Over New Budget

Slovenia´s Prime Minister Alenka Bratusek links the approval to the austerity budget to a vote of confidence.

September 25, 2013

Poland: Budget for 2014 Realistic

According to Witold Kozinski, Deputy Govenor of the National Bank of Poland (NBP), the budget plan for 2014 is “realistic” and the risk of amendmends to the budget minimal.

September 23, 2013

Slovakia: Economic Forecasts Improves

The economic perspective for Slovakia remains rather gloomy. In 2014, Slovakia´s economy will reach the turnaround.

September 21, 2013

Poland: Minor Slowdown in Industrial Production

On a year-on-year comparison basis, industrial output increased 2.2 percent in August while it declined 4.5 percent compared to July this year.

September 19, 2013

Romania Is Recovering According to PM

Romanian Prime Minister Victor Ponta presented the key issues on the new agreement with the EU Commission, the International Monetary Fund (IMF) and the World Bank to the parliament on Tuesday.

September 19, 2013

Croatia: No End of Recession in Sight

For the seventh quarter in a row, Croatia´s GDP was down. The main problem is the weakening domestic consumption and the high unemployment quota.

September 19, 2013

Austria Must Implement Liquidation Mechanism for Banks

In order to minimize fiscal losses, Austrian problem banks should be liquidates soon, IMF claims. In this case, Austria would not reach its fiscal targets in the next years.

September 13, 2013

Turkey: Economic Growth Exceeds Forecasts

Turkey’s economy continues on its growth track for the 15th consecutive quarter.

September 12, 2013

Austria Requires More Risk Capital

On an international level, the risk capital investments in domestic enterprises are low at only 0.04 percent of GDP.

September 12, 2013

Czech Republic: Monetary Interventions more Probable

Because of an unexpectedly lower inflation rate, foreign exchange interventions are more likely to come.

September 11, 2013

IMF: Praise and Criticism for Austria

According to the IMF´s country report, Austria´s main problem is the fiscal situation.

September 11, 2013

Austria: Weak Growth Impulses

Today, the Austrian Institute for Economic Research (Wifo) has corrected the economic outlooks for Austria downwards. Growth impulses have been very weak so far.

September 10, 2013

Poland: Government Gives Green Light to Budget Draft

The Polish Government has approved the budget plan for 2014 with the deficit gap closing further after a refurbishment of the private pension system.

September 9, 2013

Slovenia Shuts Down Two Small Banks

In order to ensure the stability of its financing sector, Slovenia decided to liquidate two banks, Factor Banka and Probanka. According to state officials, the step was also taken to avoid international bailout.

September 9, 2013

Romania: Economic Performance Better than Expected

In the second quarter, economic growth reached 1.5%, which is beyond the initial forecasts.

September 9, 2013

Czech Economy: End of Recession Ahead

Compared to the previous quarter, the second quarter of 2013 showed a GDP growth. Compared to the reference period of 2012, the Czech economy still registers a contraction.

September 6, 2013

Romania: Fourth Largest Economic Growth in Q2

Eurostat:Romania reports 4th largest Q2, 2013 economic growth in the EU

September 5, 2013

Poland: Economic Growth to Speed Up

According to GUS, the Polish Central Statistical Office, GDP grew by 0.8 percent in the second quarter of 2013 on a year-on-year comparison basis, which is an increase of 0.3 percent from 0.5 percent in the first quarter of the year.

September 2, 2013

Croatia: „Insufficient Move Towards the Positive Direction“

Croatia hopes its economy is moving in the "positive direction".

September 2, 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

Hungary: Another Base Rate Cut

Hungary´s National Bank (MNB) has cut the base rate from 4.00% to 3.80%. This is a new record low. Nevertheless, MNB was expected to decide a lower cut.

August 31, 2013

Poland: Economy Begins to Accelerate

In the third quarter of 2013, Poland´s economy will grow by 1.0% year on year.

August 31, 2013

Czech Republic: GDP to Shrink Further

The Czech Republic will not leave the recession behind soon. The economic forecasts had to be revised again.

August 31, 2013

Serbia: SMEs Driver for Economy

Serbia's private sector employs 45% of the total number of employees.

August 30, 2013

Austria: OeNB Increases Growth Forecast for 2013

The Austrian National Bank (OeNB) has slightly increased its growth forecast for Austria in 2013 from 0.2 percent to 0.5 percent. Govenor Nowotny said there was a better development than expected in the second quarter.

August 30, 2013

EU Commissioner Sees First Signs of Economic Turn-Around

EU Commissioner for Economic and Monetary Affairs Olli Rehn can see the first signs of an economic turn-around in the European Union.

August 29, 2013

Bulgaria: Gross External Debt Amounts to 91.4 Percent of GDP

Bulgaria's gross external debt has amounted to 91.4% of GDP

August 27, 2013

Bulgaria's Banks’ External Debt Totalled 15.2 Percent Of GDP

Bulgaria's banks’ external debt totalled EUR 6,219.8 million (15.2% of GDP). It declined by EUR 234.8 million (3.6%) from end-2012 (EUR 6,454.7 million, 16.3% of GDP), and increased by EUR 280.6 million (4.7%) year-on-year (from EUR 5,939.2 million).

August 26, 2013

Fitch Cuts Outlook for Poland

Due to the change in Poland´s fiscal policy, the U.S. rating agency lowers the rating outlook for Poland from „positive“ to „stable“.

August 25, 2013

Russia: GDP to Increase without Economic Growth

Russia will change its GDP account practice. Foreign investors will benefit from the new standards, head of Rosstat says.

August 24, 2013
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