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Hungary: Dissatisfaction Grows
More than the half of the Hungarians is dissatisfied with the country´s government.
January 3, 2013
Serbian Economic Performance Worsens
It was estimated that total economic activities in 2012, measured by gross domestic product and expressed at previous year prices, fell by 1.9% in comparison to the previous year.
December 28, 2012
Generali: Purchasing Power in Austria Grows
The insurance group underlines that more Austrians enjoy an increase in purchasing power.
December 27, 2012
Serbia: Moderate Real Wage Growth
Salaries and wages per employee in the Republic of Serbia were up by 2.0% in November 2012.
December 27, 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
Highest Percentage of Low-Wage Earners in Baltic Countries
One out of six employees in the EU27 was a low-wage earner in 2010. Large differences between men and women, levels of education and types of contract.
December 20, 2012
Austria: Purchasing Power Shrinks Considerably
Today, the Austrian Audit Court has published its report on the Austrian income situation. Since 1998, real incomes went down drastically.
December 19, 2012
CESEE: Poverty Grows Considerably
In Europe, one in four citizens is affected by poverty, the Russian newspaper “Rossijskaja Gaseta” states.
December 18, 2012
Hungary: Earnings Grow by 4.%
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.5% in nominal terms.
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
Bulgaria: „The pace of economic growth is sustained“
The domestic demand compensates for the deceleration in export, Raiffeisen Research says.
December 14, 2012
Slovakia: Real Wages Decline in Selected Industries
Today, the Slovak Statistical Office published data on employment and average monthly wage in selected sectors of economy in October 2012.
December 11, 2012
Slovakia: Tax Revenues Declining
This year, the Slovak government will record a decrease in tax intake by € 230m. Despite higher tax rates, the trend will continue in the next three years.
December 6, 2012
Slovak Real Wages Declining
Average monthly wage of employee were up by 1.6% in the 3rd quarter of 2012. The Slovak inflation rate comes at 3.7%. As a result, real wages are shrinking.
December 6, 2012
Survey: More and More Austrians Affected by Financial Crisis
Compared to 2010, the number of Austrian citizens who see themselves affected by the current financial crisis grew by 50%.
December 5, 2012
Czech Republic: Decline in Real Wages Continued
In real terms, wages declines by 1.8% in the third quarter.
December 4, 2012
Austrian Purchasing Power Stagnates
Next year, the purchasing power will only grow by 0.5%, the Austrian market research institute RegioData Research says.
November 29, 2012
Serbian Industrial Sector Expands
Surprising summer industry growth, local demand might hold more growth. Real wages grow slightly, Raiffeisen Research states.
November 28, 2012
Serbia: Real Income Shrinks
In October 2012, salaries and wages per employee in the Republic of Serbia decreased by 3.5% in real terms.
November 26, 2012
Hungary: Retail Trade Sector Shrinks
Due to the declining real income, sales in the retail trade industry fell by 3.9% compared to 2011.
November 26, 2012
Czech Republic: Overall confidence in economy decreased
The composite confidence indicator (economic sentiment indicator) decreased by 1.7 points compared to October.
November 26, 2012
More Hungarians Leave their Country
Especially high-skilled Hungarians tend to emigrate. The labor market conditions in Hungary are often precarious.
November 24, 2012
Hungary: Real Wages Decline Remarkably
In 2012, real wages went down by 5.3%. This is mainly due to the persistently high inflation rate (6.6%).
November 22, 2012
Hungary: Gross Earnings Grow Moderately
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.5%.
November 20, 2012
Austria: Prosperity Gap Grows Further
The economic disparities between Austrians continue to increase. 855,000 Austrians are affected of poverty.
November 19, 2012
Slovakia: Employment and Nominal Wage on the Rise
Employment and average monthly wage in selected sectors of economy in September 2012.
November 12, 2012
Polish National Bank Cuts Interest Rate
In order to support economic growth, NBP decided to ease its monetary policy.
November 8, 2012
Lithuania´s Government Aims to Join Eurozone
The social democrat Algirdas Butkevicius may become Lithuania´s next Prime Minister. His main targets are austerity and the accession to the Eurozone.
October 31, 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
Poland: Real Wages are Falling
Due to the persistently high inflation rate, real wages have fallen for the first time in 20 years.
October 29, 2012
Hungary: Gross Earnings Growing
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.7%.
October 18, 2012
Austrian Business Location Becomes Less Attractive
The economic sentiment of U.S. companies operating in Austria is decreasing. The high non-wage labor costs are Austria´s biggest problem.
October 17, 2012
Slovakia: Employment and Nominal Wages Growing
The highest wage increase was observed in the manufacturing and automotive industries. Employment was down in the construction sector and grew in the service sector.
October 12, 2012
Bulgaria Records Lowest Wages in EU
Bulgaria´s GDP per capita only comes to 45% of the EU-average, Eurostat says.
October 8, 2012
Slovakia´s Growth Still Driven by Exports
The industrial sector still shows dynamics. However, government spending and consumption is falling further.
October 5, 2012
Austria: Fixed Costs Come at 55% of Household Income
In Eastern Europe, the share of fixed costs is even higher. Romanian households spend 76% of their income on fixed costs.
October 4, 2012
Austria Shows Growing Inequality in Wealth Distribution
According to a study of OeNB (Austrian National Bank), the 3,77 million Austrian households have assets of € 265,033 on average. Median assets reach € 76,445.
October 2, 2012
Fekter Against Property Taxes
The Austrian Minister of Finance Maria Fekter (ÖVP) would support an income tax reform. Property taxes would not be acceptable, she says.
September 29, 2012
Serbia Expects Rising Tax Intake
In order to meet demands of IMF, the Serbian Parliament approved the revised 2012 budget. The tax intake will not solve the country´s problems, economists consider.
September 29, 2012
WIFO: Economic Outlook for Austria Worsens
According to the Austrian economic research institute WIFO, the economic framework conditions indicate a further slowdown.
September 28, 2012
Serbian Industrial Production Still Shrinks
According to Raiffeisen Research, the crisis in the industrial sector goes on. Real wages are shrinking.
September 27, 2012
Hungary „Still Obtains Funding from the Financial Market“
Vince Szalay-Bobrovniczky, the Hungarian ambassador in Vienna, emphasized that Hungary is not dependent on the IMF loan. The IMF urges Hungary to reduce its bureaucracy, he says.
September 26, 2012
Bulgarian Economy to Recover
In 2013, Bulgaria is expected to show substantially higher growth rates, UniCredit Bulbank says.
September 24, 2012
Austrian Business Profits Grow Stronger than Salaries
The Austrian Chamber of Labor (AK) analyzed 110 companies. In the last ten years, workers lost € 13,000 per head on average, AK says.
September 22, 2012
Slovakia: Saving Grows Despite Falling Real Income
On average, deposits come at € 4,379. Against 2011, this is an increase by 6.1%.
September 21, 2012
Polish Real Income Declining
As the inflation rate is still higher than wage increase, Polish households face a shrinking income.
September 20, 2012
Hungary: Real Income Falls Further
In the first seven months of 2012, the Hungarian real income was down by 4%.
September 19, 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
Slovakia´s Inflation at 3.7%
In August, the inflation rate reached 3.7% in Slovakia, the Slovak Statistical Office announced.
September 15, 2012
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