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How the War in Ukraine Affects Austrian Businesses
Besides causing enormous humanitarian and political problems, the Russian invasion has also caused a chain reaction in the economy that has been felt worldwide. Austrian Institute of Economic Research (WIFO) published a survey that examines exactly these questions in order to determine how strongly Austrian companies feel the crisis impacts them and which sectors are most affected.
July 19, 2022
The Consequences of the COVID-19 Pandemic for Austria's Economy
The consequences of COVID-19 pandemic continue to determine economic activity in Austria and the banks’ higher resilience has been key to COVID-19 response.
November 29, 2021
Austrian Production Index Shrinks 0.6 Pct Y/Y in 2014
Austria's working day adjusted production index decreased by 2.6% in December, y/y it shrank by 0.6 percent.
February 25, 2015
Statistics Austria: IPP Down by 0.8%
Industrial producer prices in July 2014 are down -0.8% compared to July 2013.
August 29, 2014
Austria: IPP Down by 1.2%
Industrial producer prices are down by 1.2% in April 2014 compared to April 2013; stable development against previous month.
May 30, 2014
Austria: Marginally Increasing Production Trends in Industry and Construction
The 62.305 enterprises (+1.2% compared to the previous year) in the entire industry and construction sector turned over a total of €37.9 bn (±0.0%).
May 30, 2014
Austrian Prinzhorn Holding to Invest Massively in Hungary
Prinzhorn Holding will build its own power plant in Hungary to supply its paper factory in Dunaujvaros.
May 21, 2014
Austria: Mitsubishi Takes Over Majority Stake in Siemens‘ VAI
The industrial systems subsidiary of Siemens, VAI with the business location in Linz, is sold to Japanese competitor Mitsubishi Heavy Industries (MHI).
May 7, 2014
Pewag Striving for Larger Market Share in US
The Austrian snow chain manufacturer appreciates the label “Made in USA”.
May 6, 2014
“US Rolls Out Red Carpet for Austrian Industrial Enterprises”
Potential Austrian investors are attracted with many incentives such as low energy costs, few bureaucratical hurdles and excellent infrastructure.
May 5, 2014 · Updated: May 6, 2014; 13:25
Federation of Industries: “Industrial Compact“ for European Competitiveness
The Austrian Federation of Industries (IV) considers the EU entry of Austria as the basis of prosperty and economic growth in the past years. However, now reforms are required to catch up to a global level.
May 5, 2014
Austria: Industrial Production with Growth Potential
Austrian industry continues to grow - but somewhat less dynamically than at the turn of the year.
April 30, 2014
Eder: Policy-Makers Have to Make Decisions
Wolfgang Eder, CEO of Austrian steel manufacturer voestalpine, claims not to have heard anything from the Austrian policy makers after he raised criticizm with regard to the Austrian business location.
April 24, 2014
Austria: Calls for Reduction of Bureaucracy Become Louder
Bureaucratic hurdles burden the Austrian enterprises the most apart from taxes and other levies.
April 23, 2014
Industrial Location Austria Losing Attractiveness
Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.
April 16, 2014
Austria: Industrial Production Loses Momentum
Austrian industry loses some momentum after strong growth at the start of the year.
March 28, 2014
Hungary: Orban Striving to Become PM Again
In an attempt to gain another four years as head of the government Hungarian Prime Minister Viktor Orban praises the country’s achievements in the past years since his Fidesz party came into power.
March 26, 2014
Serbia: Share of NPL Increases Dramatically
The share of bad loans in Serbia has increased to 21.3 percent.
March 6, 2014
Austria: Solid Growth and Recovery in Industrial Industry
Austria’s industrial recovery continues.
March 3, 2014
Austria: Inflation Drops Again
Inflation in Austria dropped to 1.5 percent in January due to the winter sales.
February 24, 2014
Austria: Economic Upturn Still in Standby-Mode
According to the analysis of the economic indicator of Bank Austria, there is moderate growth and hope for the first quarter in 2014.
February 17, 2014
Austria: Economic Growth Accelerates
In the fourth quarter in 2013 GDP increased by 0.3 percent compared to the previous quarter and by 0.9 percent year-on-year.
February 14, 2014
Wifo: Recovery Continues
Early indicators by the Austrian Institute of Economic Research (Wifo) point to a gradual recovery of the economy both in the European Union and in Austria.
February 11, 2014
Poland: Economic Growth to Speed Up
According to the Economy Ministry’s forecast, economic growth is supposed to come at 3 percent of GDP year-on-year this year. Inflation, on the other, is expected to come at 2 percent.
February 10, 2014
Austrian Industrial Sector only Sees Weak Recovery
The Federation of Austrian Industries (IV) warns about a fragile economic recovery.
January 30, 2014
Austria: OeNB Forecasts Modest Economic Growth
According to the Austrian National Bank (OeNB) economic growth in Austria only came at 0.3 percent last year.
January 24, 2014
Eurozone: Highest Economic Growth in Two Years
The purchase manager index for the private economy increased to 53.2 points up by 1.1 points, as published by Markit research institute on Thursday.
January 23, 2014
Bulgaria: Loan Portfolios Expected to Increase
The increase in industrial production will have a positive effect on the number of loans taken out.
January 16, 2014
Czech Republic: Economic Growth Expected to Expand
The Czech Banking Association (CBA) has adjusted its economic forecast and expects a growth rate of 1.9 percent for the Czech economy this year.
January 14, 2014
Serbia: Moderate Economic Growth in 2013
According to the release of the Serbian Statistical Office, GDP is estimated to have grown 2.4% in 2013.
January 2, 2014
Austria: Kapsch Delivers Warning to Policy-Makers
Georg Kapsch, President of the Federation of Austrian Industries (IV), is very cautious about economic growth in Austria and warns the policy-makers of a budget consolidation on the basis of expectations of growth.
December 27, 2013
Austria: Industrial Output Shrinks
In October the industrial production in Austria declined.
December 23, 2013
Czech Republic: Economic Sentiment Rises
As published by the Czech Statistical Office (CSU), the Czech economic sentiment indicator rose by one point to 5.5 points compared to November.
December 20, 2013
Czech Republic: Banking Sector Proves Stable
According to the latest results of the bank stress test by the Czech National Bank (CNB), the domestic financial institutes remain resistant to a potential negative development.
December 12, 2013
Czech Republic: Industrial Output Slowed Down
In October, the industrial performance in the Czech Republic only grew by 3.5 percent on a year-on-year comparison basis.
December 9, 2013
Slovakia: Economy Accelerates Slightly
In the third quarter of 2013, the Slovak GDP year-on-year growth was up to 0.9%, according to the Slovak Statistical Office.
December 8, 2013
Construction Industry Remains Weak Point of Slovenian Industrial Sector
Slovenia´s industrial sector records a decline in employment and investments. Despite the economic downward trend, the energy sector achieves growing turnover figures.
November 16, 2013
Austria: Slight Economic Growth
The Austrian Institute for Economic Research (Wifo) has forecast an increase of the macroeconomic production by 0.2 percent in real terms compared to the previous quarter.
November 14, 2013
Stable Outlook for Recovery of Austrian Economy
The outlook for economic improvement has stabilized. Both Wifo’s economy test and Wifo’s early indicator point to an upward trend.
November 8, 2013
Austrian Industrial Sector Gaining Stability
The upwards trend in Austrian industry picked up pace in October. Highest survey reading for two years signals clear pick-up of industrial activity
October 30, 2013
Czech Republic: Overall Confidence Grows
According to the Czech statistial office, the increase in confidence in the Czech economy continues.
October 24, 2013
Czech Economic Outlook Improves Slightly
Next year, the Czech economy will expand for the first time since 2011, economists say.
October 23, 2013
Poland: Economy Below Potential
In the first half of 2013, investments dropped significantly. Consumption was up moderately. In total, Poland´s economic growth accelerates gradually.
October 22, 2013
Hungary’s Industrial Output Growth Exceeds EU average
In August this year, industrial performance – according to workday-adjusted data – increased by 0.9 percent in comparison to the corresponding period of 2012.
October 17, 2013
Austrian Industrial Sector Well Positioned in International Competition
In 2012, the Austrian industrial sector was well positioned in the international competition, according to a study by the Austrian Institute for Economic Research (Wifo).
October 14, 2013
Slovakia: Industrial Production Grows Moderately
Industrial production index (IPI) increased by 4,4 % in August, compared with August 2012 as a result of a rise in manufacturing by 6,4 %. Production fell in electricity, gas, steam and air-conditioning supply by 7,1 %, in mining and quarrying by 11,7 %.
October 10, 2013
Romania Under Observation
The IMF wants Romania´s government to put more effort in austerity measures, market liberalization and privatization of state-owned assets.
October 9, 2013
Czech Industrial Sector Remains Growth Engine
In August 2013, industrial production increased at constant prices by 1.6%, year-on-year.
October 8, 2013
Austria Well Positioned in Global Economic Integration
According to a recent study by the Vienna Institute for Economic Studies (wiiw), Austria is well positioned in the global production and economic integration.
October 3, 2013
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