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Ukraine Remains in a Recession for a Year
In the second quarter of 2013 GDP contracted by 1.1 percent on a year-on-year comparison basis.
August 20, 2013
Ukraine Reduces Imports of Gas by 35 Percent
From January to June 2013, Ukraine was able to reduce gas import by more than 35 percent compared to the same period last year, according to Ukrainian Statistics Service.
August 16, 2013
Russia Blocks Imports from Ukraine
Kyiv demands to immediately remove bureaucratic obstacles.
August 16, 2013
Romania: GDP Slowed Down in Second Quarter 2013
Romania: GDP slowed down in Q2, as expected by RBI.
August 16, 2013
Czech Republic to Crawl out of Recession
In the second quarter the Czech economy grew by 0.7 percent compared to the first quarter.
August 15, 2013
Wifo: Minor Growth in Second Quarter 2013
According to a current flash estimate by the Austrian Institute of Economic Research (Wifo), the Austrian economy grew by 0.2 percent in real terms in the second quarter of 2013 compared to the previous period.
August 14, 2013
Poland: Current Account Surplus Better Than Expected
Poland's June current account surplus at € 574m
August 13, 2013
Leitl: Positive Export Development Despited of Economically Difficult Times
The Austrian economy should, according to the President of WKO, focus export growth in third countries and distant markets.
August 10, 2013
Austria: Significant Drop in Trade Deficit
A drop of 3.2 percent in imports and an increase of 1.1 percent in exports from January to May 2013 make the trade deficit decrease by more than € 2bn.
August 9, 2013
Poland: Trade Deficit Estimates Lowered by Ministry
Deficit estimate for 2013 reduced to EUR 3.9bn by Polish Ministry of Economy
August 8, 2013
Czech Republic: Foreign Trade Shrinks
In June 2013, according to preliminary data of ‘cross−border statistics’, exports and imports at current prices decreased by 2.5% and 4.8%, year-on-year (y−o−y), respectively.
August 6, 2013
Zumtobel Takes Over Chinese Affiliate
Listed light manufacturer Zumtobel Group has taken over the stakes of joint-venture partner Thorn Lighting Tianjin Limited.
July 29, 2013
Austria: Increased Demand in Romanian Exports
For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.
July 24, 2013
Turkish National Bank Raises Base Rate
Today, Turkey´s National Bank has increased the base rate from 6.5% to 7.25%. Turkey wants to prevent a devaluation of the lira.
July 23, 2013
EU: Current Account with Russia Deep in the Red
EU27 current account surplus came at € 29.1 bn in the first quarter of 2013.
July 18, 2013
Serbia to Invest in Renewable Energy
The Balkan country wants to invest more than € 10bn in its energy production. The focus will be on renewable energy.
July 18, 2013
Turkey Considers Economic Re-Orientation
The Turkish government wants to shift its economic focus from Europe to Asia.
July 18, 2013
Serbian Foreign Trade Still Highly Negative
Current Account Deficit to fall below 7% of GDP in 2013, the Serbian National Bank reports.
July 17, 2013
Austria: Consumer Confidence Negative
Today, Bank Austria has published its monthly economic indicator. Domestic demand will not grow this year, Bank Austria says.
July 16, 2013
Austrian GDP Growth Above European Average
In 2012, Austria saw a growth of GDP of 0.9 percent which is signifantly above the European average.
July 12, 2013
Russia to Reduce Oil Export
Russia produces more oil which is increasingly used in the country itself. Refineries outside of Russia do not fear immediate bottlenecks in the supply of oil.
July 11, 2013
Spindelegger: Fitness Program for Austria
Austrian economy supposed to be boosted by reforms of “Unternehmen Österreich 2025, and a rejection of new taxes.
July 10, 2013
Austria: Moderate Economic Upturn
After one year of a phase of stagnation, the Austrian economy shows recovery, according to the results of economic indicator by the OeNB (Austrian National Bank).
July 5, 2013
CEE Slowly Escapes Economic Crisis
Slovenia, Croatia and the Czech Republic have slipped into recession. Experts are particularly worried about the newest EU member.
July 4, 2013
CESEE: GDP Growth in 2013 Weakest Since 2009
CESEE financial markets influenced by global liquidity debate.
July 4, 2013
Crisis in Slovenia Might Take Longer Than Expected
According to the latest economic report by auditing firm Ernst&Young;, the financial crisis in Slovenia will take longer than expected beforehand. However, the country should still be able to avoid international bailout.
July 1, 2013
Austria: WIFO and IHS to Adjust Growth Perspectives Downwards
Experts at the Austrian Institute for Economic Research (WIFO) and the Institute for Higher Studies (HIS) have significantly cut their prognoses for the growth of domestic economy in 2013. However, both institutes are still optimistic for 2014.
June 28, 2013
Leitl: „Austrian Enterprises Need Further Growth Impulses“
The Austrian Chamber of Commerce (WKO) commits to budget consolidation but growth is the basis for a balanced state budget.
June 27, 2013
Mitterlehner: Romania Offers New Chances for Austrian Economy
Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.
June 25, 2013
Rosneft to Supply China Over 25 Years
Russia’s Rosneft agreed to double oil supplies to China, in a deal worth $ 270bn.
June 24, 2013
Mitterlehner: „4,000 New Austrian Exporters Within Two Years“
Internationalization Offensive (IO) “go international” will be prologued until 2015. Economy Minister Mitterlehner and head of the Chamber of Commerce (WKO) Leitl present their main targets for Austrian export.
June 21, 2013
Lopatka: "EU Enlargement is a Driver for Reforms and Rule Of Law"
State Secretary Lopatka on DARUM EUROPA information tour.
June 18, 2013
V4 Want Free Trade Zone Between EU and Japan
The Visegrad Four Group (V4), which consists of Poland, the Czech Republic, Slovakia and Hungary, support the creation of a free trade zone between the European Union and Japan.
June 17, 2013
Eurozone and EU27 to Increase International Trade
Euro area international trade in goods surplus 14.9 bn euro. 9.2 bn euro surplus for EU27
June 17, 2013
WKO Export Day in Vienna
On June 20, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.
June 8, 2013
Austria: Leitl Welcomes Latvia to Join Eurozone
Head of the Austrian Chamber of Commerce Leitl considers the Euro adoption as an important political signal for the cooperation and the strengthening of the European currency union.
June 5, 2013
Lopatka: "Visa Cooperation Reinforces Mutual Ties Between Austria and the Czech Republic"
Austrian State-Secretary on the signing of a new agreement and working meetings in Prague.
June 4, 2013
Significant Trade Surplus in 2012 Reflects Austria's Competitive Strength
Despite the crisis, Austria managed to achieve a significant trade surplus in services in 2012. At the same time it was possible to eliminate Austria's foreign debt in full.
June 4, 2013
Over 2,000 Austrian Companies Now Represented in Slovakia
Lopatka: Agreement reached on Austro-Slovak Business Forum
May 16, 2013
Poland: Economy Not to Recover Before July
Polish economy is not expected to rebound as soon as the second half of this year and only on the condition that export partners see a growing GDP rate.
May 15, 2013
Czech Republic to Improve EU Relations?
Visits from high EU officials should herald the start of a new era in the relation between the Czech Republic and the EU.
May 3, 2013
Leitl: „Cut of Base Rate by ECB Important and Necessary Signal“
President of the Austrian Chamber of Commerce Christoph Leitl welcomed the cut of the main refinancing rate to 0.5 percent.
May 2, 2013
Lopatka: „Poland Important Economic Partner and Ally of Austria in EU“
Austrian State Secretary encourages bilateral relations and trade between the two Central European countries as well as improved relations between EU and US.
April 30, 2013
Asmussen: “New Eurozone Members Will Reap Benefits of Initial Phase”
CEEs and The Crisis: Current Challenges and Benefits
April 30, 2013
US: Most Important Export Market for Austrian Wine
The United States have replaced Germany as the most important export market for Austrian wine.
April 25, 2013
Putin: Stimulus Package for Russian Economy
Because of the present stagnation Putin demands a stimulus package for Russian economy.
April 22, 2013
Austria and Bosnia-Herzegovina to Commence Dialogues
Bosnia-Herzegovina shows interest in Austrian social partnership model and measures against increasing youth unemployment rate.
April 18, 2013
Moody’s Confirms Bad Outlook for Slovakia
Ongoing difficulties and slow economic growth in Eurozone are the main factors.
April 17, 2013
Czech Republic and Russia to Enhance Economic Relations
Minister of Industry and Trade Martin Kuba supported deepening of economic relations with Tatarstan. The cooperation with Russian regions is very important for the Czech Republic.
April 16, 2013
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