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Inflation
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
Czech Republic: Decline in Real Wages Continued
In real terms, wages declines by 1.8% in the third quarter.
December 4, 2012
Inflation in Ukraine Remains at Zero Level
“Effective management of the financial sector allows Ukrainian authorities to hold inflation.” NBU (National Bank of Ukraine) states.
November 30, 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
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
Nowotny: „Not Afraid of Inflation“
Ewald Nowotny, governor of Austria´s Central Bank (OeNB) thinks that the danger of a stagnating economy is bigger than the danger of an increasing inflation.
November 20, 2012
CNB: „Czech Republic Does Not Need Quantative Easing“
The Czech National Bank underlines that the country´s economy is fundamentally stable. The current situation would be managable.
November 20, 2012
Ukrainian National Bank Stresses Stability of National Currency
The National Bank of Ukraine was able to ensure hryvnia stability – by results of the expert meeting. Inflation could be kept at 0.00% in the first nine months of 2012.
November 20, 2012
Austrian Inflation Moves Up
Slight increase of consumer price inflation in October 2012: +2.8% (HICP +2.9%).
November 15, 2012
Hungary: Inflation Remains on a High Level
In October consumer prices increased by 6.0% compared to October 2011. From September to October 2012, prices were up by 0.1%
November 13, 2012
Czech Inflation on the Rise
Consumer prices in October increased by 0.2% compared with September after declining in each of the three previous months.
November 9, 2012
Latvia Has Best Growth Prospects
Today, the EU Commission has announced its economic forecast for 2012. Austria is among the economically stable countries.
November 8, 2012
Hungary Cuts Interest Rates Again
The Council of Hungarian National Bank, which is dominated by representatives of the Hungarian government decided to cut the base rate from 6.50% to 6.25%.
October 31, 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
Austrian Economy Stagnates
According to Austrian National Bank (OeNB), the economic growth rate will be slightly negative. A recession is not excluded.
October 12, 2012
Savers Must Pay for Debt Crisis
At the European Forum Alpbach, analysts explained that the debt crisis can only be solved through negative real interest rates.
October 6, 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
CEE Countries Must Work Upon Economic Convergence
CEE countries are struggling with weaker external demand and uncertain consumers, whereas in most cases fiscal policy is under control. Labour productivity, costs and competitiveness of CEE region give reason for optimism.
October 5, 2012
Poland: Interest Cut Expected
The Polish National Bank NBP is anticipated to announce a cut in the base rate. At the moment, the base rate stands at 4.75%.
October 2, 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
Hungary: Simor Criticizes Interest Cut
The governor of Hungary´s National Bank Andras Simor warns of an increase in inflation.
September 26, 2012
Bulgarian Economy to Recover
In 2013, Bulgaria is expected to show substantially higher growth rates, UniCredit Bulbank says.
September 24, 2012
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