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Industrial Production

Russia: Economic Growth Below Expectations

The Russian economy is flatlining. The government and the Central Bank of Russia (CBR) blame each other for the current state of affairs.

April 8, 2013

Slovakia: Industrial Production Increases by 4.1 %

Production still driven by the automotive industry. Industrial production in January 2013 increased month-on-month by 4.1%.

April 3, 2013

Macedonia: Fresh € 100m for Business Sector from EIB

The Macedonian government plans to provide fresh EUR 100 million loan, with 5.5% interest rate, as support to the business sector.

April 2, 2013

Bulgaria: Labor Hour Costs Increased 5.1 % in Q4 2012

Preliminary data of NSI for the Fourth Quarter of 2012 indicated that the total hourly labour cost rose by 5.1% compared to the Fourth Quarter of 2011.

March 30, 2013

Serbia: GDP Decreased by 1.7 % in 2012

Based on data released by the Statistical Office, GDP fell by 1.7% in 2012. Broken down by quarter, real y-o-y GDP fell by 2.7% in Q1, 0.3% in Q2, 2.1% in Q3 and 2.0% in Q4.

March 30, 2013

67 % of Estonians Work in Service Sector

According to the data of the 2011 Population and Housing Census (PHC 2011) of Statistics Estonia, 67% of persons employed in Estonia worked in service sector, 29% in industrial sector and only 4% in primary sector.

March 30, 2013

Slovakia: Economic Sentiment Indicator Increased to 90.4

The three-month moving average of economic sentiment indicator (ESI) increased by 1,8 points to 90,4 compared with the previous month´s value.

March 30, 2013

Serbia: Financial Underhand Practices Discovered

Financial underhand practices had lead to losses of € 700m for the Serbian state.

March 30, 2013

Hungary: Economic Growth Only in 2014

The MNB, the National Bank of Hungary estimates economic growth to further stagnate in 2013 but forcasts positive devolopments for the next year.

March 29, 2013

Romania: Positive Outlook on Economy for Next Months

For the months of March to May 2013, experts forecast economic growth of up to 35 % in some sectors.

March 29, 2013

CESEE: CR More Attractive for FDI Than SK

Foreign investors regard the Czech Republic more attractive than Slovakia.

March 27, 2013

Strikes Paralyze Poland

Protests against government’s changes in education, social and labor policy.

March 27, 2013

Hungary: Tax Overhaul Finalized

Minister for National Economy: taxation system completed - time for fine-tuning.

March 27, 2013

Roiss: “A European Concept and Joint Investments Are Needed“

In an interview with the Austrian newpaper Kurier, CEO of OMV explains why Europe needs other sources of energy and why there is a growing competitive disadvantage compared with the USA.

March 25, 2013

"Croatia Will Not Benefit From Joining The EU"

Croatia will join the European Union as the 28th member state in a few months. Economists criticize the country for not carrying out enough reforms and only focusing on tourism.

March 22, 2013

Austria: How to Keep Enterprises (from Drifting Away)

At the moment, there is a subtle fear in Austria’s economy that large enterprises are going to outsource to foreign countries which is currently the case with voestalpine.

March 19, 2013

Poland: Inflation Decreasing

Declining inflation was supported by weaker demand and cost pressures in the economy, decrease in energy price growth as well as zloty exchange rate stronger than a year ago.

March 15, 2013

Czech Republic: Contruction Industry Sees Further Declines

In January 2013 the construction output declined by 9.3%, year-on-year (y-o-y). The planning and building control authorities granted by 4.1% more building permits, y-o-y, and the approximate value of permitted constructions dropped by 31.7%, y-o-y.

March 15, 2013

Czech Republic: Industrial Production Decreased by 4.1%

In January 2013, industrial production decreased at constant prices by 4.1%, year-on-year. Compared to the previous month, seasonally adjusted industrial production was the same as in December 2012. The value of new orders decreased by 7.6%, y-o-y.

March 15, 2013

Hungary: Industrial Production Continues to Shrink

In January 2013, industrial gross output was down by 1.4% year-on-year.

March 14, 2013

Romania: Turnover of Market Services Decreased 14.1 % in January

In January 2013, the turnover of market services rendered mainly to enterprises, in nominal terms, decreased compared to the previous month.

March 14, 2013

Slovak Unemployment Rate on the Rise

In January, compared with January 2012, the employment decreased in five surveyed sectors.

March 14, 2013

Romania: Construction Output Goes Down

Volume of construction works, series adjusted with the working days number and seasonality, registered a decrease of 2.3% in January 2013, compared to December 2012.

March 13, 2013

Hungary: Constitutional Amendmends Signed By Vast Majority

EU Commission fears that Hungary’s state institutions will have to experience major restrictions.

March 12, 2013

Czech Republic: GDP Decreasing by 2.1%

The gross domestic product adjusted for price, seasonal, and calendar effects decreased according to the refined estimate by 1.2% compared to 2011; the decrease was gradually deepening during the year.

March 11, 2013

Lithuania: Exports Decreased by 7.6 % in January

Foreign trade in January 2013 decreased. Major losses in Agricultural sector.

March 8, 2013

Estonia: Hope For Employment Rate to Increase

Employment continued to grow at the end of 2012.

March 8, 2013

Hungary: GDP Fell by 2.7%

The gross domestic product of Hungary decreased by 2.7% in the fourth quarter of 2012 compared to the corresponding period of the previous year.

March 8, 2013

Recession in Euro-Area Still Affects CESEE Countries

According to the Vienna Institute For International Economic Studies (wiiw), the double-dip recession over, yet there is no economic growht in sight for CESEE countries.

March 7, 2013

Hungary: Industrial Production Continues Decreasing

According to preliminary data, the Hungarian industrial production decreased by 1.4% in January.

March 7, 2013

Romania: Slight Increase of GDP for 2012 at 0.1 % on Y/Y Comparison

Record decrease at 24.6 % in agriculture, industrial production better off with decrease of 2.4 %. The highest increase was recorded in IT and communication, services and health/social assistance.

March 6, 2013

Latvia: Drop in Industrial Productivity by 3.5 %

Data of the Central Statistical Bureau show that, in comparison with December 2012, industrial production in January 2013 has declined by 3.5 %

March 6, 2013

Estonia: Turnover in Business Sector Increased by 7 %

2012 proves to be a successful year for the business sector

March 6, 2013

Slovakia: Gross Domestic Product Rose in Q 4 of 2012

Compared to Q 3 of 2012 this means an increase of 0.2 %, by y/y the GDP rose by 2 %.

March 6, 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

Slovakia: Economy Stagnating

On February 22, the European Commission anounced its modifications concerning the annual prognosis of the eurozone’s economic outlook for 2013. While the majority of the countries are in recession, Slovakia’s economy is forecast to grow by 1.1 %

March 4, 2013

Hungary: Industrial Production Shrinks Considerably

In December 2012, industrial output was 7.6% lower than a year ago.

February 14, 2013

Bulgaria: Trade and Industrial Sectors Shrink

In November industrial production contracted at the same rate as in October (1.8%). The volume of output of manufacturing remained unchanged on an annual basis. The real-terms decline of domestic trade accelerated to 7.4% yoy.

February 11, 2013

Latvia: Industrial Sector Grows Significantly

Data of the Central Statistical Bureau show that, compared to 2011, manufacturing turnover1 at current prices in 2012 increasedby 11.9%, of which in domestic market by 5.7% and in export - by 18.2%. However, the growth flattens.

February 11, 2013

Slovakia: Declining Turnover in Industrial Sector

Turnover was down in most selected sectors of economy in December 2012. The sharpest decrease was observed in the construction industry.

February 11, 2013

Slovakia: Industrial Production Declining

In December 2012, industrial production index (IPI) decreased after a long-term year-on-year growth (since November 2009).

February 8, 2013

Czech Industrial Production Slightly Decreased in 2012

Industrial production slightly decreased in 2012 after two years of growth. The year-on-year decrease started in the Q2 and gradually deepened in the following periods.

February 7, 2013

Czech Industrial production Dropped by 1.2% in 2012

In December 2012, industrial production decreased at constant prices by 12.5%, year-on-year; working days adjusted industrial production decreased by 5.8%.

February 6, 2013

Slovakia: Economic Sentiment Improves Slightly

Hard data point to a weakening of activity in the fourth quarter, but an improvement in the assessment of production expectations in industry indicates an improved outlook for 2013.

February 4, 2013

Serbian Industrial Production Shrinks

The industrial production in the Republic of Serbia in December 2012, when compared to December 2011, increased by 0.7% and in relation to 2011 average, it increased by 7.1%.

February 1, 2013

“Austria’s Industry Edges Towards Economic recovery”

Bank Austria Purchasing Managers’ Index for January increases slightly. Moderate improvement in orders helps to offset the decline in production output.

January 31, 2013

Austria: Positive Trends in Industrial and Construction Sector

Turnover was up by 10.9%. Increase in volume of orders by 2.0% in civil engineering and construction of buildings at the end of October 2012. Output of construction rose by 7.4%.

January 30, 2013

“Austria Becomes More Vulnerable to Recessions“

Christoph Neumayer, secretary general of the Federation of Austrian Industries (IV), argues that the low investments may cause a recession.

January 29, 2013

Serbia: Industrial Production Shrinks

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

January 29, 2013

Slovakia: Producer Prices Declining Slightly

Prices in production area in December 2012 down by 0.4%.

January 28, 2013
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