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Inflation

IMF Supports Lithuania´s Aim to Enter Eurozone

In 2015, the Baltic country wants to become a member of the Eurozone. According to Prime Minister Algirdas Butkevicius, the IMF welcomes this decision.

February 12, 2013

Bulgaria: Inflation Reaches 4.2%

The past 2012 ended with 4.2% annual inflation after in December the reported monthly increase of the price level totalled 0.4%, Raiffeisen Research Reports.

February 12, 2013

Inflation Slightly Below CNB’s Forecast

The Czech National Bank comments on the January 2013 inflation figures.

February 12, 2013

Czech Inflation Rate Flattens

In January, consumer prices were up by 1.3%. In the last twelve months, the price increase was 1.9%.

February 11, 2013

Boom Market Turkey: Overheating or an Investment Opportunity?

Erste Group: “A Positive Outlook on the Bosporus”. This year, Turkey´s expected GDP growth comes at 4%.

February 11, 2013

Russia: National Bank Under Pressure

Russia´s National Bank faces a growing inflation rate. At the same time, the economic growth flattens.

February 9, 2013

Czech National Bank: Recession Goes On in 2013

According to CNB, the country has not overcome the crisis yet. This year, the Czech GDP will fall by 0.3%.

February 7, 2013

IMF Is Satisfied With Progress in Ukraine

This week, the meeting between the senior officials of the National Bank of Ukraine and experts from the IMF's European Department took place in Kyiv. The co-operation will be intensified.

February 7, 2013

Austria´s Economic Situation Is „Unfavorable“

Today, the German economic research institute ifo has published a report on the economic outlook in the Eurozone.

February 6, 2013

Serbia: Key Policy Rate Raised to 11.75 Percent

In its meeting, the NBS Executive Board voted to raise the key policy rate by 0.25 percentage points to 11.75 percent.

February 6, 2013

Romanian Inflation Remains High

Adverse statistical base effect would be preserved in H1 2013, keeping headline annual inflation between 5.4-5.8% yoy, Raiffeisen Research reports.

February 2, 2013

Lower Constraints for Romanian National Bank

Central bank to remain on hold, but room to ease control over liquidity conditions has increased, Raiffeisen Research reports.

February 1, 2013

National Bank of Serbia Fights Against Inflation

The asset quality in the banking sector shows first signs of stabilization, Raiffeisen Research reports.

January 30, 2013

Hungarian National Bank Cuts Interest Rate Again

At its meeting on 29 January 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 5.75% to 5.50%, with effect from 30 January 2013.

January 30, 2013

Slovak National Bank Cuts Economic Forecast

In January 2013, Národná banka Slovenska (NBS) revised the NBS Medium-Term Forecast published in December 2012 (MTF-2012Q4).

January 30, 2013

Serbia: Inflation Above Target Range

According to a country report published by Raiffeisen Research, inflation has bottomed in December 2012. The annual inflation comes at 12.2%.

January 29, 2013

NBU Expects Lower Inflation

The inflation expectations of the heads of Ukrainian enterprises have been low for the third quarter in a row.

January 28, 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

WIFO: Austrian Economy to Grow Slowly

In the next years, Austria´s economy will recover gradually, the Austrian Institute of Economic Research says.

January 25, 2013

Business Cycle Survey: Czech Overall Confidence Decreases

Overall confidence in domestic economy decreased slightly in January. The composite confidence indicator (economic sentiment indicator) decreased by 0.3 points compared to December.

January 24, 2013

Serbia: Inflation Grew Further

Last year, the Republic of Serbia has recorded an inflation rate of 12.1%.

January 22, 2013

WIFO Wants Higher Property Taxes

Karl Aiginger, director of Austrian Institute of Economic Research, suggests reducing wage taxes.

January 21, 2013

Rostowski Calls for Further Interest Cuts

Polish minister of finance Jacek Rostowski wants NBP (Polish National Bank) to lower the base rate further.

January 21, 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

Czech Republic: Both Presidential Candidates Want to Join Eurozone

Unlike the outgoing President of the Czech Republic Vaclav Klaus, Milos Zeman and Karel Schwarzenberg are in favor of the euro.

January 19, 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

Hungary Wants Tax Treaty with Switzerland, Germany and Austria

Hungary tries to levy a lump sum tax on deposits of Hungarian nationals in Switzerland, Germany, Austria, the UK and Cyprus.

January 17, 2013

EU: Romania and Hungary Have Highest Inflation Rates

Euro area annual inflation stable at 2.2%, Eurostat says.

January 16, 2013

Austria: Inflation Decreased Only Slightly

Average annual inflation rate of consumer prices decreased to 2.4 % (HICP: 2.6%) in 2012. Consumer price inflation remained constant at +2.8% (HICP +2.9%) in December 2012.

January 16, 2013

Austrian Property Market Becomes Even More Attractive

According to a survey carried out by the business advisor Ernst & Young, about 90% of the interviewees think that Austria´s real estate market is attractive.

January 15, 2013

Hungary Has Highest Inflation Among EU Members

In December consumer prices increased by 5.0% compared to December 2011. I

January 15, 2013

Ukraine: Inflation Shrinking Slightly

Mr. Oleksandr Petryk, Director of General Economic Department, has communicated that inflation stood at 0.2% in December 2012, with annual CPI inflation having declined by 0.2% for the first time in the past ten years.

January 14, 2013

Slovakia: Inflation Decreases Slightly

In December 2012, a year-on-year inflation reached a value of 3,2 %, in total, core inflation 3 % and net inflation 2,3 %.

January 14, 2013

Serbia: Inflation Increases Again

In December, the inflation in the Republic of Serbia was up again. The yoy inflation rate remains high.

January 14, 2013

Bulgaria Enters Deflation Zone

A larger-than-expected correction in food prices led to 0.1% deflation in November, Raiffeisen Research says.

January 11, 2013

Czech Inflation Above EU Average

Consumer prices in December increased by 0.1% compared with November. The year-on-year rise in consumer prices decelerated to 2.4% in December (2.7% in November).

January 9, 2013

Outlook: Europe Remains Under Threat

The European debt crisis will remain a major issue, Austrian Erste Group says.

December 28, 2012

Nowotny Puts Pressure on Austrian Government

Ewald Nowotny, governor of Austrian National Bank (OeNB) wants the Austrian government to continue the austerity course.

December 28, 2012

Czech Republic Does Not Fulfill Maastricht Criteria

At the moment, joining the eurozone is no issue for the Czech Republic. The stability criteria are still not fulfilled anyway.

December 28, 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

Poland and Hungary to Cut Interest Rates Further

Unlike the Czech Republic, Poland and Hungary still have some downward potential. The inflation rate is still below the base rate.

December 19, 2012

Ukraine: Fiscal Policy Faces Unsolved Problems

The budget draft for 2013 provides no room for the fiscal consolidation, which looks incompatible with the IMF requirements.

December 19, 2012

Komorowski: “Poland Needs Euro”

Poland´s President Bronislaw Komorowski wants his country to join the Eurozone. Now, the government has to convince the people, he says.

December 19, 2012

Ukraine: Real Economic Sector Disappointing

The State Statistics Committee confirmed its preliminary estimate of -1.3% yoy GDP growth rate in Q3 2012 (GDP grew 2% and 3% yoy in Q1 and Q2 respectively).

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

Austria: Inflation Remains Stable

Consumer price inflation remained at +2.8% (HICP +2.9%) in November 2012.

December 14, 2012

Hungary: Inflation Grows Further

In November consumer prices increased by 5.2% compared to November 2011.

December 11, 2012

Czech Republic: Recession Continues

In Q3 2012, the gross domestic product adjusted for price, seasonal, and calendar effects decreased according to the refined estimate by 1.3%, year-on-year (y-o-y), and by 0.3%, quarter-on-quarter (q-o-q).

December 7, 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
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