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GDP Gross Domestic Product

Vienna Richest Region of Austria

Gross regional product and regional disposable income of private households increased in 2010: substantial disparities among Austrian regions.

January 10, 2013

Slovenia to Cut Corporate Tax Rate

In order to improve the labor market situation, the Slovenian government has decided cut the corporate tax quota by three percentage points.

January 9, 2013

“2013 will be a better growth year for CEE than 2012”

Unlike 2012 the new year starts with much less financial stress and easier monetary policy. Central and Eastern Europe has still considerable potential to outperform EMU, differentiating on domestic policies, Bank Austria says.

January 7, 2013

Poland: Public Debt Level Shrinks Slightly

At the end of 2012, the public debt level came at 53% of GDP. One year before, the quota stood at 53.5%.

January 3, 2013

Cautious Growth Forecasts for Austrian Economy in 2013

Austria's economic research institutes predict an economic rebound from 2013. Consulting firm Ernst & Young has also forecast slight growth for Austria in 2013.

December 29, 2012

Serbian Industrial and Trade Sector Under Pressure

Retail trade is shrinking drastically, the manufacturing sector stagnates. GDP fell by 2.5% compared to autumn 2011.

December 29, 2012

Nowotny Puts Pressure on Austrian Government

Ewald Nowotny, governor of Austrian National Bank (OeNB) wants the Austrian government to continue the austerity course.

December 28, 2012

Serbia: Recession Aggravates

Quarterly Gross domestic product of the Republic of Serbia down by 2.5% in the third quarter of 2012.

December 28, 2012

Austrian Economy: IHS and WIFO Cautiously Optimistic

The two Austrian economic research institutes anticipate an economic recovery in the second half of 2013.

December 21, 2012

Slovakia´s Economy Performs Well

In the third quarter of 2012, Slovakia's GDP at constant prices increased quarter-on-quarter by 0.6% (seasonally adjusted) and in year-on-year terms by 2.1% (seasonally unadjusted), according to SO SR data.

December 19, 2012

Ernst & Young: Austria Almost Stagnates

Next year, Austria only will grow by 0.9%, the consulting group says.

December 19, 2012

Ukraine: Real Economic Sector Disappointing

The State Statistics Committee confirmed its preliminary estimate of -1.3% yoy GDP growth rate in Q3 2012 (GDP grew 2% and 3% yoy in Q1 and Q2 respectively).

December 18, 2012

Hungary Continues Downward Trend

In the third quarter, Hungary´s GDP contracted by 1.5%, OECD says. The whole year will bring similar results.

December 18, 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

Kazakhstan: „Among the Top 30 in 2050“

Kazakh President Nursultan Nazarbayev predicts an economic boom in the next decades.

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

„Austria Grows Stronger than Expected“

According to the economic research institute Synthesis, Austria´s economic growth is higher than WIFO and IHS say. The employment situation would be too good.

December 13, 2012

GDP per Capita: Romania and Bulgaria Tail-Lights in EU

GDP per capita varied by one to six across the Member States in 2011. Austria ranks third behind Luxembourg and the Netherlands.

December 13, 2012

Slovak Growth Flattens

NBS published the Medium-Term Forecast (MTF-2012Q4). Next year, Slovakia´s economic growth comes at 1.6%, NBS says.

December 10, 2012

Croatia Considers Leasing Out Highways

In order to reduce the budget deficit, Croatia plans to privatize its highway network.

December 8, 2012

Austria Faces Recession

Austria´s National Bank OeNB has revised the growth forecasts one more time. Next year, Austria´s economy will only grow by 0.5%.

December 7, 2012

Hungary: Recession Deepens

The gross domestic product of Hungary decreased by 1.5% in the third quarter of 2012 compared to the corresponding period of the previous year.

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

Slovakia: Economic Growth Still Strong

A year-on-year economic growth was recorded in the SR in the third quarter of this year too, however, the dynamics of the growth moderated at constant prices to 2,1 %.

December 6, 2012

Polish Economy Slows Down

In the third quarter, annual GDP growth was below 2%, the Polish Ministry of Finance said today.

November 30, 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: 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: Russia Has Best Growth Prospects

Next year, Russia is expected to record a GDP growth rate of 3.8%, Vienna Institute of International Economic Studies (wiiw) says.

November 26, 2012

Poland: Economy Expected to Recover in 2013

Poland´s Minister of Finance Jacek Rostowski is optimistic that economic growth will accelerate next year.

November 21, 2012

Nowotny: GDP Forecast Will not Hold

The governor of Austria´s National Bank Ewald Nowotny admits that the forecast on Austria will have to be revised.

November 21, 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´s Budget Deficit to Decrease Slightly

Today, the Austrian National Assembly has resolved the budget for 2013. This year, Austria will not fulfill the Maastricht Criteria.

November 16, 2012

S&P Upgrades Latvia

The Baltic country performs well, S&P underlines. The long and short-term sovereign credit rating moved from “BBB-/A-3” to “BBB/A-2”.

November 15, 2012

Austria: Second Recession Ahead

The double-dip scenario becomes more and more likely. In the third quarter, Austria´s GDP was down for the first time since 2009.

November 15, 2012

Hungary´s Recession Goes On

In the third quarter of 2012, Hungary´s GDP was down by 1.5%.

November 15, 2012

Slovak Growth Flattens

Slovakia´s GDP still grows substantially, but slower compared to previous quarters. Employment growth stagnates, though.

November 15, 2012

Czech GDP Drops Further

In the Q3 2012 the gross domestic product adjusted for price, seasonal, and calendar effects decreased by 1.5%, year-on-year, and by 0.3%, quarter-on-quarter, according to the preliminary estimate.

November 15, 2012

Austrian Economy Shows Weakness

Economic low delayed: slight GDP decline expected in the fourth quarter, resulting in economic growth of less than 1 per cent this year.

November 15, 2012

Austria´s GDP Could be € 27bn Higher

The insufficient infrastructure costs economic growth. According to the “Future Austria Infrastructure Report 2013”, Austria´s economic performance could be substantially better.

November 8, 2012

Bulgaria´s Growth Rate to Reach 1.0% in 2012

Bulgaria´s economy performs worse than expected. Next year, economic growth will recover.

November 2, 2012

Romanian Economy to Shrink Further

With a large negative contribution expected to come from agriculture, real GDP should decline again in Q3 in quarterly terms (as well in annual terms). The contraction is likely to be larger than initially expected, Raiffeisen Zentralbank forecasts.

October 30, 2012

Estonia: IMF More Optimistic

The Estonian economy is expected to expand by 2.4% this year.

October 18, 2012

Austria: Economic Sentiment Low

Despite solution to eurozone crisis taking shape, sentiment of consumers and producers still trending down. More optimistic outlook for 2013 after stagnation in second half of 2012.

October 17, 2012

IMF Issues Optimistic Forecast for Slovakia

According to IMF, Slovakia´s economy will grow by 3.3% this year. However, the forecast had to be reduced compared to the prior forecast.

October 10, 2012

Austrian Public Debt at 75% of GDP

Public Finances 2011: Public deficit at 2.5%, Public debt at 72.4% of GDP. In the first half of 2012, Austria´s public debt level grew by € 6bn.

September 28, 2012

Austrian Federal States and Municipalities Record Massive Rise in Debt

Since 2007, the debt level of Austrian federal states rose by 87%. In the same period, the Austrian Federation´s debt was up by 27%.

September 24, 2012

Hungary Revises GDP Forecasts

Initially, the Hungarian government forecasted a GDP growth rate of 0.1% this year. Now, State Secretary Gyula Pleschinger explained that Hungary´s economy will shrink this year.

September 20, 2012

National Bank of Slovakia Adapts GDP Growth Forecast

According to NBS, the Slovak economic growth is expected to reach 2.7%. This is higher by 0.2 percentage points than NBS forecasted in June.

September 19, 2012

Slovak Economic Growth to Slow Down

The Slovak Ministry of Finance cuts the GDP forecast to 2.1% in 2013.

September 18, 2012