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Inflation

Eurozone: Inflation Remains Stable

Flash estimates show the Euro area annual inflation is stable at 1.6 percent.

August 1, 2013

Czech Republic: Unwilling to Join Eurozone?

In 2012, the country missed two out of four criteria for the introduction of the single currency. According to the statistical office it was the worst result in five years. It is not yet clear when the Czech Republic is ready to join the Eurozone.

July 31, 2013

Austria: Economists Predict Rosy Days

The Austrian economy will be growing by 1.7 percent on an annual basis and is developing much better than the rest of the Eurozone, the Austrian Institute for Higher Studies (IHS) predicts.

July 24, 2013

Russia: Inflation on the Rise

In the first six months of 2013, the inflation rate came at 3.5%. Compared to the reference period of 2012, the inflation rate was up by 0.4 percentage points.

July 23, 2013

Hungarian Central Bank Cuts Base Rate Again

At its meeting on 23 July 2013, the Monetary Council reviewed the latest economic and financial developments and voted to reduce the central bank base rate by 25 basis points from 4.25% to 4.00%, with effect from 24 July 2013.

July 23, 2013

EU: Highest Inflation in Romania, lowest in Poland

Euro area annual inflation up to 1.6%. In the EU, the inflation was up to 1.7%

July 17, 2013

Austria: Most Risks Do not Come from Eurozone

The greatest risks threatening a continued economic recovery in Austria currently stem from the global economic trend and, to a lesser extent, from the Eurozone, Ban Austria reports.

July 17, 2013

Austrian Economy Dependent on Neighbor Countries

Austria’s economy is getting through the crisis better than the Eurozone. However, the country owes this partly to neighboring countries.

July 11, 2013

Russian Car Market to Get New Lift

The number of sales of new cars in Russia has declined 11 percent. This is the fourth month in a row showing declines, according to the figures of the Accociation of European Businesses (AEB).

July 10, 2013

CESEE: GDP Growth in 2013 Weakest Since 2009

CESEE financial markets influenced by global liquidity debate.

July 4, 2013

Austria: WIFO and IHS to Adjust Growth Perspectives Downwards

Experts at the Austrian Institute for Economic Research (WIFO) and the Institute for Higher Studies (HIS) have significantly cut their prognoses for the growth of domestic economy in 2013. However, both institutes are still optimistic for 2014.

June 28, 2013

Poland: Base Rate Down to Record Low

Poland’s Monetary Council has cut the base rate to 2.75 percent.

June 6, 2013

Latvia: Euro to Be Introduced 2014

Latvia will be able introduce the Euro on January 1 2014. According to diplomats, this is what the EU Commission will recommend on Wednesday in Brussels.

June 4, 2013

Czech Repubic to Restrict Budget Cuts

To boost domestic economy, the Finance Ministry announced to temporarily restrict budget cuts.

May 31, 2013

Maria Fekter: Hot-Tempered Lady At the Fireplace

Raiffeisen Centralbank (RZB) organized a „fireplace chat“ with Finance Minister Maria Fekter which took place on May 7 in Vienna.

May 8, 2013

Commission: European Economy to Stabilize in First Half of 2013

The economy is projected to return to growth in the second half of 2013. However, annual GDP is forecast to contract by 0.1% in the EU and 0.4% in the eurozone.

May 7, 2013

Czech Republic to Improve EU Relations?

Visits from high EU officials should herald the start of a new era in the relation between the Czech Republic and the EU.

May 3, 2013

Eurozone: Inflation Decreased Slightly

Euro area annual inflation down to 1.2%

April 30, 2013

Hungary: MNB Cuts Interest Rate by 0.25 %

The Central Bank of Hungary (MNB) has cut interest rates by a quarter percentage point for the ninth month running.

April 23, 2013

Czech Republic: Finance Ministry Worsens Economic Outlook

In an updated macroeconomic forecast for the economic development, the Czech Finance Ministry deteriorated the country’s outlook.

April 16, 2013

EU: Inflation decreased by 1.7 %

Euro area annual inflation down to 1.7%

April 3, 2013

Russia: Refinancing Rate Expected to Be Cut

The Central Bank of Russia (CBR) estimates inflation risks higher than a slow economic growth. However, the refinancing rate is expected to be lowered soon.

April 3, 2013

Poland: Inflation Rate for Private Individuals At 1.6 %

March was the seventh consecutive month of decline in private individuals' inflation expectations. Respondents place average inflation rate as expected over the next 12 months at 1.6%.

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

Czech Republic: Disinflation Continues

Analysts expect Czech economy to grow by 1.7 % next year.

March 29, 2013

Poland: Tusk Appears Optimistic On 2013 Budget

Prime Minister, Donald Tusk remains hopeful on fulfilling the 2013 budget criteria, despite of a disadvantageous macro economical outlook.

March 18, 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: Slight Increase of Consumer Price Index

Consumer prices in February increased by 0.1% compared with January. This rise came primarily from price increases in 'transport' and 'recreation and culture'. The year-on-year growth of consumer prices decelerated to 1.7% in February (1.9% in January).

March 11, 2013

Latvia´s Consumer Prices Stable

Compared to February of previous year, consumer prices have increased by 0.3%.

March 8, 2013

Poland: NBP Cuts Interest Rate to Record Low

The council of fiscal policy has cut interests rate down to 3.25 % which is the lowest since Poland’s democratic turnaround in 1989.

March 6, 2013

Hungary: Highest Loss in Real Wages in Five Years

Gross salaries increased 4.6 % while net income only saw moderate rise at 2 % in 2012.

March 6, 2013

Hungary: GKI Forecasts Budget Deficit of HUF 200 bn

The Hungarian government is in complete opposite to GKI’s statement: forecasts economic growth of 1 % and does not see any concerns.

March 5, 2013

Latvia: Letter Requesting the Convergence Report is Signed

The Baltic country wants to become a member of the Eurozone by 2014.

March 5, 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

Hungary: Matolcsy Becomes New Central Bank Governor

Prime Minister Orbán nominated the former National Economy Minister as the new governor of the MNB (National Bank of Hungary). Experts are concerned about the stability of the Forinth.

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

Ukrainian Banking Sector Shows Small Progress

NBU, the National Bank of Ukraine stresses that deposits and lending is growing decently. The inflation remains low.

February 22, 2013

Romania: Key Rate to Remain Unchanged

“In line with our expectations and market consensus, the central bank remained on hold at its latest monetary policy meeting (5 February)”, Raiffeisen Research reports.

February 21, 2013

Ukraine: Hryvnia Expected to Weaken Slightly

Hryvnia enjoyed good support at the market in early 2013 amid diminished depreciation expectations and accelerated debt inflows, Raiffeisen Research reports.

February 21, 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

Ukraine´s Economy Stagnates

According to the preliminary estimate by the State Statistics Committee, Ukraine’s GDP grew 0.2% yoy in 2012, thus decelerating from 5.2% yoy in 2011.

February 20, 2013

Poland: Economic Slowdown Becomes More Visible

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

February 19, 2013

Poland: Rostowski Calls for Structural Reforms

Minister of Finance Jacek Rostowski wants his country to join the Eurozone. However, Poland has to implement fiscal reforms, he claims.

February 18, 2013

NBU: “Banking Industry Shows an Upward Trend”

Mr. Oleksii Tkachenko, Deputy Governor of the National Bank of Ukraine, believes that overall 2012 was a successful year for the domestic banking industry.

February 18, 2013

Euro Adoption: Latvian People Not Convinced at All

Latvia´s government is proud of its austerity course of the last years. According to Prime Minister Valdis Dombrovskis, the country is ready for the euro.

February 16, 2013

European Economy: Nowotny Demonstrates Pessimism

This year, the economy of the Eurozone will shrink, the governor of Austrian National Bank says. Austria suffers from a weak domestic consumption, Nowotny explains.

February 15, 2013

Austria: “Things are improving, but only slowly”

“The decline in the fourth quarter of 2012 is old news.” Austria’s economy growing moderately again in the first quarter, Bank Austria says. Economic growth in 2013 to be slightly higher than last year.

February 15, 2013

Hungary: Inflation Moves Up

In January consumer prices increased by 3.7% compared to January 2012.

February 14, 2013

Russia: Consumer Loans Growing Substantially

At the moment, the market for consumer loans is growing by 40%. The household indebtedness is still relatively low.

February 13, 2013

Slovakia: Inflation Grows Slightly

In January 2013, a year-on-year inflation reached a value of 2,4 %, in total, core inflation 2,8 % and net inflation 2 %.

February 13, 2013
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