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Income
Every Third Austrian Had to Suffer Income Losses in the Last Year
The COVID-19 pandemic and the many current crises have left a mark on the Austrian population. According to a recent survey, more than one third of Austrians suffered a loss of income within the last 12 months.
October 14, 2022
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
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