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Income

Austria: Purchasing Power Shrinks

Due to higher taxes and social contributions, the real income fell in the last few years.

April 8, 2014

IMF: Bulgaria May Reach European Standards in 40 Years

According to the International Monetary Fund, the poorest EU member faces a long transition period.

February 4, 2014

Bulgaria: IMF Puts Pressure on Government

The International Monetary Fund demands Bulgaria´s government to accelerate economic reforms.

February 3, 2014

Austria: Apartments „Too Expensive for Average Citizens“

Josef Schmiedinger, CEO of s-Bausparkasse, stresses that there is enough housing space in Austria. However, housing becomes less and less affordable, he says.

December 11, 2013

EU/CESEE: Real Income Shrinks

In 2013, the real income will do down in Austria. Since 2010, the Austrian real income was down by 1.3%. In Hungary, real income fell by 15% in that period.

December 9, 2013

Slovenia: Net Earnings Under Pressure

The decrease in monthly net earnings goes in line with the unfavorable economic frame conditions.

November 15, 2013

Austria: Saving Quota Down

At the moment, the savings ratio only comes at 5.2%. An increasing number of Austrians suffer from a declining real income.

October 31, 2013

Slovenia: Income Falls Persistently

Average monthly earnings for August 2013 lower than in the previous month both in nominal and in real terms. Annual earnings were down by 2.5% in real terms.

October 17, 2013

Austria: Purchasing Power Grows Slightly

According to a study published by RegioData Research, Austria could improve its level of purchasing power in the years from 2008 to 2012.

October 15, 2013

Bulgaria: Number of „Working Poors“ Grows Considerably

Bulgaria´s average wage only comes at € 269 per month. 600,000 Bulgarian earn less than € 180 per month.

October 15, 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

Poland: Recovery Remains Fragile

Poland´s economy has bottomed out. However, the recovery mainly depends on foreign demand.

September 26, 2013

Austria: IMF Pushes for Tax Reform

The International Monetary Fund recommends re-considering the tax system. The Austrian wage taxes are too high, IMF criticizes.

September 13, 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

Czech Republic: Real Wages Shrink

In the second quarter, nominal wage growth came at 1.2%. Real wages were down by 0.3%, however.

September 9, 2013

Austria: Fekter Does Not Publish Controversial Industrial Location Study

According to a recent study on the quality of Austria´s industrial location, the number of leaving multinational companies is growing.

August 25, 2013

Russia: Stable Outlook, Lower Growth Rates

The rating agency Fitch reiterates the “BBB” rating for Russia. The outlook remains stable. However, Russia´s GDP forecast had to be lowered.

August 17, 2013

Slovenia: Household Income Shrinks

For the first time since its independence, Slovenia´s households record a decrease in disposable income.

August 2, 2013

Cautious Optimism in Slovakia

The economic outlook for Slovakia brightens slightly. The export-oriented country benefits from the stabilization in the Eurozone.

August 2, 2013

Russia: Consumer Debt Grows Persistently

Russia´s Central Bank wants to stop the increasing debt servicing costs for Russian households.

August 2, 2013

Hungary: Net Earnings Grew Substantially

In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 3.3%

July 19, 2013

Serbia: Real Income Shrinks

Available budget and individual consumption of households in the Republic of Serbia, Preliminary data, 4th quarter 2012.

March 15, 2013

Romania: Average Earnings Down Substantially

In January 2013, the average gross nominal earnings were 2138 lei, by 8.7% lower than the one registered in December 2012.

March 7, 2013

Mixed Outlook for Russia

This year, Russia´s GDP will grow by 3.3%, the World Bank predicts. Regarding economic reforms, Russia must improve its effort, though.

March 4, 2013

Czech Republic: Bilateral Trade with Austria Shrinks

The official export figures are not known yet. However, experts think that the foreign trade volume between the Czech Republic and Austria was down in 2012.

March 2, 2013

Bulgaria „Protests are Useless“

In an interview with the Austrian daily newspaper „Standard“, Bulgarian author Ilija Trojanov explains why the situation in Bulgaria is rather hopeless.

March 1, 2013

Latvia: Moderate Growth in Income

During 2012 wages and salaries increased by LVL 17 or 3.7%.

March 1, 2013

Serbia: Real Wages Falling Drastically

Salaries and wages per employee in the Republic of Serbia were down by 17% in January 2013.

February 28, 2013

Estonia: Gross Wages and Salaries Increased in all Economic Activities

According to Statistics Estonia, in the 4th quarter of 2012, the average monthly gross wages and salaries were 916 euros and the average hourly gross wages and salaries were 5.53 euros.

February 22, 2013

Hungary: Nominal Earnings Grew By 4.6%

In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.6%.

February 21, 2013

Bulgarian Government Resigns

This step came as a surprise. Before, Prime Minister Boyko Borisov rejected to step down. In April, the country will hold new elections.

February 20, 2013

Bulgaria Cuts Energy Prices

After heavy citizens´ protests, the Bulgarian government has lowered the energy prices by 8%. Moreover, the Czech energy group CEZ loses its license.

February 19, 2013

Poland: Economic Slowdown Becomes More Visible

Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.

February 19, 2013

Protests in Bulgaria Threaten to Escalate

Despite the resignation of Minister of Finance Simeon Djankov, the protests go on and may turn into riots. The opposition wants to hold new elections.

February 19, 2013

Estonians Suffer from Unfavorable Working Conditions

According to a survey carried out by the daily newspaper Eesti Päevaleht, a considerably high number of Estonians want to leave the country. The situation in Lativa is almost the same.

February 18, 2013

Wages: Austrian Firms Tend to Cautiousness

According to a survey carried out by the HR advisor Aon Hewitt, Austrian firms plan to reduce personnel costs.

February 13, 2013

Slovakia: Growing Employment in Most Industrial Sectors

The development of employment and average monthly wage in selected sectors of economy has shown a mixed picture in December 2012.

February 11, 2013

Slovakia: Labor Market Puts Pressure on Household Income

The downturn in employment and weak wage developments are putting downward pressure on sales and indicate that the slump in household final consumption will continue.

February 4, 2013

Tusk: “First Months Will be Most Difficult”

Poland´s Prime Minister Donald Tusk explained that the Polish economy will recover in the second quarter of 2013.

February 4, 2013

Czechs are Worried About their Future

Above all, Czechs fear a declining living standard after their retirement. The real income is expected to shrink in the next years.

February 2, 2013

Hungary to Stagnate in 2013

The economic outlook for Hungary remains rather bleak. The country will not leave the recession behind this year.

February 2, 2013

Slovakia: Government Warns of Economic Slowdown

This year, Slovakia´s government expects lower growth rates than in 2012. Besides that, the austerity pressure is growing.

February 1, 2013

Serbia: Industrial Production Shrinks

Industry turned downside, after funds under the government subsidy program were spent, Raiffeisen Research reports.

January 29, 2013

Hungary: Real Wages Declining Persistently

In the first eleven months of 2012, real wages of Hungarian workers was down by 3.5%.

January 26, 2013

Most Czechs Are Pessimistic

A clear majority of the Czech citizens expects that their individual financial situation will deteriorate this year.

January 21, 2013

Hungary: Gross Earnings Grow Moderately.

Last year, gross earnings were up by 4.6%. As Hungary´s inflation rate comes at 5.7%, real earnings are still shrinking.

January 18, 2013

Slovakia: Wages Growing Moderately

In November 2012, compared with November 2011, the average nominal monthly wage increased in most surveyed sectors.

January 11, 2013

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

Bulgaria: Private Households Not to Increase Consumption

According to UniCredit Bulbank, the consumer behavior will remain rather cautious this year.

January 5, 2013

Hungary: Dissatisfaction Grows

More than the half of the Hungarians is dissatisfied with the country´s government.

January 3, 2013
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