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GDP Gross Domestic Product

Polands FDI Level Stagnates

Compared to 2011, the size of foreign directed investments in Poland stays almost unchanged.

September 18, 2012

„Situation in Slovenia is not so Dramatic“

Ewald Nowotny, governor of Austria´s Central Bank (OeNB) thinks that the economic situation in Slovenia is under control.

September 18, 2012

Slovakia´s Economy Still Performs Well

In the second quarter of 2012, GDP growth came at 2.8% after 3.0% in the first quarter.

September 15, 2012

Austrian Economy to Stagnate

In the third quarter of 2012, economic growth in Austria will come to zero, Bank Austria says.

September 14, 2012

Hungarian Central Bank Against Bank Taxes

According to the governor of Hungary´s Central Bank, the bank taxes are causing the lending freeze.

September 14, 2012

Polish Public Debt Quota to Decrease

Although the planned budget deficit will not be met this year, Poland´s Finance Minister Jacek Rostowski expects a declining public debt quota.

September 12, 2012

Slovenia: Juncker Calls for Reforms

The chairman of the euro-group Jean-Claude Juncker warned Slovenia. “The situation is critical, there is no time to lose.”

September 10, 2012

Euro-Crisis Enters Austria

In the second quarter, the Austrian GDP only grew by 0.1%, WIFO says (Austrian Institute of Economic Research). A recession is not excluded anymore.

September 10, 2012

Merkel and Faymann Reaffirm their Commitment to the Euro

The German Federal Chancellor Angela Merkel met her Austrian counterpart Werner Faymann and Vice Chancellor Michael Spindelegger in Vienna. It was Merkel´s first state visit in Austria since 2006.

September 8, 2012

Romania Leaves Recession Behind

In the second quarter, Romania´s GDP was up by 0.5% The construction industry was the driving force.

September 8, 2012

Serbian Industrial Production Declines

In June, Serbia´s industrial production fell by 4.0% against 2011. The outlook is not promising, RCB says.

September 7, 2012

Lithuania´s Rating Confirmed

The rating agency Standard & Poor´s (S&P) kept Lithuania´s sovereign debt rating at BBB.

September 7, 2012

Slovakia: Rising Unemployment Despite 2.8% GDP Growth

In the second quarter of 2012, Slovakia´s GDP moved up by 2.8%. The unemployment rate reached 13.6%.

September 6, 2012

Austrian Growth Above EU Average

Unlike the Eurozone, Austria faces no recession. In the Eurozone, GDP was down by 0.2%.

September 6, 2012

Czech VAT Increase to be Resolved

The Czech government wants to increase the tax intake by € 1.0bn. Economists warn of a deepening of the recession.

September 4, 2012

Slovenia: “Danger for Austrian Banks is Limited”

Although Austria would be most affected by a Slovenian national bankruptcy, the likeliness of this scenario is rather low, analysts say.

September 3, 2012

Slovenian Bankruptcy Would Hit Austria Particularly Hard

Prime Minister Janez Jansa announced that Slovenia may have to declare its national bankruptcy in October. Austria´s share in foreign direct investment made in Slovenia reaches about 50%.

September 3, 2012

IMF: Austria Must Prevent Spillover Effects

The Executive Board of the International Monetary Fund (IMF) has concluded the Article IV consultation with Austria. The Austrian banking sector is “overly ambitious” in the CESEE region, IMF says.

September 3, 2012

Poland´s Central Bank Dissatisfied with GDP Growth

In the second quarter, Poland grew by 2.4% instead of 3.0%. The Polish Central Bank does not want to postpone quantitative easing measures any longer.

September 1, 2012

Romania Still Shows Weak Growth Rates

“We expect economic recovery to remain sluggish. Weak external demand suggests exports and industry would not offer support to GDP growth. “ RCB (Raiffeisen Centrobank) says.

August 31, 2012

Kapsch: “We Cannot Risk the Welfare State”

At the Alpbach Meeting, the President of the Federation of Austrian Industries (IV) Georg Kapsch underlines the necessity of competition. The

August 28, 2012

Croatian Unemployment Rate Reaches 17.5%

In July 2012, the Croatian unemployment rate was up by 0.2 percentage points to 17.5%.

August 23, 2012

Solid Growth in 2012 Ahead

2011 was a record year for exports – and the first quarter of 2012 has seen the Austrian economy growing yet again. Thus, Austria is significantly below the performance of the Eurozone.

August 16, 2012

Czech Republic: Erste Group´s CEO Advises Against Introducing the Euro

According to Andreas Treichl, the Czech Republic should not enter the Eurozone now.

August 2, 2012

Austria: Guarantees Reach Half of Public Debt

Among EU members, only Ireland has more guarantees as a percentage of GDP.

July 30, 2012

IMF: Doubt on Hungary´s Economic Data

For the IMF, the budgetary forecasts are too optimistic. The negotiations on the € 15bn loan continue.

July 23, 2012

Bulgaria Aims to Join Eurozone

Bulgaria´s Finance Minister Simeon Djankov underlines the importance of the banking supervision and the Fiscal Pact, but wants to keep the fiscal competence.

July 16, 2012

Austrian Municipalities Suspected to Hide Public Debt

About 40% of Austrian municipalities source out public debt. The size of hidden public debt could reach up to € 10bn.

July 14, 2012

Income Grows Slower Than GDP

For years, the increase in wages and salaries is lower than the rise in company profits.

July 14, 2012

Austrian GDP per Capital € 35,710 in 2011

Austrian economy 2011: growth of +2.7% despite challenging global environment. The manufacturing industry was the driving factor of the growth last year.

July 13, 2012

Slovenia Remains in Recession

According to estimations, the recession in Slovenia will sharpen this year. A turnaround is expected in 2013. The banking sector is an enormous burden for the Souteastern European country.

July 12, 2012

Austrian Government Debt on the Rise

The Austrian public debt level rose to 73.5% of GDP or € 222.6bn in the first quarter of 2012. Above all, the situation of Austrian municipalities is precarious.

June 29, 2012

Euro-Crisis Continues

According to RCB, the factional dispute between Germany and France decisive for the eurozone. An easing of the situation is not expected.

June 29, 2012

Leitl: „Securing Austria´s Top Ranking“

WKO´s President Christoph Leitl calls for reforms. In order retain Austria´s economic position, reforms should be accelerated and taxes should be cut.

June 27, 2012

Credit Crunch in CESEE?

Anglo-Saxon banks and funds are most aggressive in deleveraging; Austrian bank are not relying on funding from countries in hotspots of deleveraging.

June 27, 2012

Austrian GDP Per Capital Third Highest in EU

According to first estimates for 2011, the GDP per capita in the Member States ranged from 45% to 274% of the EU27 average in 2011.

June 20, 2012

Tricky Climate for Austrian Economy

The economic activity continues to lose pace – a weaker economic growth is expected for the remainder of the year. Exports and stable domestic demand support an unchanged GDP forecast of 0.8 per cent for 2012.

June 19, 2012

Austrian Central Bank Expects Economic Stabilization

Austria´s budget deficit is expected to decrease, the economic growth should increase slightly.

June 11, 2012

Different Economic Dynamics Among Austrian Provinces

In 2011, Styria achieved the highest economic growth rate among the nine Austrian provinces. This year, Upper Austria is expected to lead the ranking.

June 4, 2012

Slow Growth in Austrian Industry

In 2012, the Austrian economy is expected to grow by 0.8%. The overall uncertainty remains, optimism in the Austrian industrial sector shrinks.

June 1, 2012

Erste Group: Poland and Ukraine Benefit from Euro 2012

EURO 2012 investments helped to boost investments in both countries. € 30.2bn invested whereof approx. 90% spent on infrastructure in Poland & Ukraine.

May 26, 2012

Austrian Economy: OeNB Demonstrates Optimism

The Austrian Central Bank is satisfied with the performance of the domestic economy underlines the necessity of austerity measures.

May 24, 2012

The Euro – A Big Error (Part 2)

The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.

May 23, 2012

The Euro – A Big Error (Part 1)

The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.

May 20, 2012

Austrian Industry Maintains Recovery

On the one hand: strong employment growth was observed. On the other: falling orders and suggest a tough few months ahead for industry.

April 28, 2012

1.0 Million People in Poverty

More than 150,000 people in Austria do not have a bank account. A lack in financial education causes a loss of 1.0% of GDP.

April 23, 2012

Austrian Economy on Moderate Growth Course

Bank Austria Forecasts table growth until summer followed by chances of an upswing. Austria could achieve GDP growth of 0.8 percent in 2012 and 2 percent in 2013.

April 16, 2012

Austria and CEE: Slight Upward Trend

Real GDP in CEE to grow by 2.6 per cent in 2012, while GDP in eurozone set to shrink by 0.5 per cent. Austrian GDP to expand by 0.3 per cent.

April 10, 2012

Economic Outlook: Slight Optimism for Eurozone

The Eurozone´s GDP to grow by 1.1 per cent again in 2013. In 2012, the economy will decline by 0.5 per cent; the low point of recession has already been reached.

April 5, 2012

Economic Upswing for Austria?

The economic research institutes IHS and WIFO anticipate that the Austrian economy accelerates by summer 2012. Both warn of “too much euphoria”, however.

March 29, 2012