Slovakia: Saving Grows Despite Falling Real Income

On average, deposits come at € 4,379. Against 2011, this is an increase by 6.1%.

September 21, 2012

Hungary: Real Income Falls Further

In the first seven months of 2012, the Hungarian real income was down by 4%.

September 19, 2012

Austrian Economy at a Standstill – "But probably not for long"

Bank Austria's Business Indicator sinks to -0.7 points in August, the third decline in a row. 2012 as a whole expected to be up to 1 percent, in spite of stalled economic activity in the second half of the year.

September 17, 2012

Slovakia´s Inflation at 3.7%

In August, the inflation rate reached 3.7% in Slovakia, the Slovak Statistical Office announced.

September 15, 2012

Austrian Inflation Rate Below EU Average

In August, the official consumer price inflation rate increased by 2.2%. In the Euro area, annual inflation was up to 2.6%.

September 14, 2012

Austrian Real Wage Growth 1.1% in 2013

According to the management consultancy firm Aon-Hewitt, the wage growth will come at 3.3% in Austria. Real wage growth will be slightly above the average.

September 10, 2012

Austrian Chamber of Labor: Loss in Real Income at 1.5%

Between 2000 and 2010, the average inflation and tax-adjusted net income was down by 1.5% in Austria, AK (Austrian Chamber of Labor) says.

September 5, 2012

Industrial Producer Prices Most Stable In Austria

July 2012 compared with June 2012: Industrial producer prices up by 0.4% in both euro area and EU27. In Austria, the lowest annual increase was observed.

September 4, 2012

IMF: Austria Must Prevent Spillover Effects

The Executive Board of the International Monetary Fund (IMF) has concluded the Article IV consultation with Austria. The Austrian banking sector is “overly ambitious” in the CESEE region, IMF says.

September 3, 2012

Romania Still Shows Weak Growth Rates

“We expect economic recovery to remain sluggish. Weak external demand suggests exports and industry would not offer support to GDP growth. “ RCB (Raiffeisen Centrobank) says.

August 31, 2012

Nowotny: Austrian Banking Sector “More Boring, but More Stable”

European Forum Alpbach: Ewald Nowotny, governor of the Austrian Central Bank (OeNB) thinks that banks will fight for deposits in future. In the last years, ECB had to prevent a collapse of the financial system several times.

August 31, 2012

Debt Crisis: “Somebody Will Have to Pay”

European Forum Alpbach 2012: Andreas Treichl, CEO of Erste Group thinks that the internationalization of the banking industry cannot be reversed. According to Treichl, the European citizens will have to pay for the crisis.

August 30, 2012

Lithuania Suffers From Crisis in Eurozone

The Baltic country has to lower GDP growth forecasts. As foreign trade grows not as fast as expected, the Bank of Lithuania becomes more cautious. This year, Lithuania´s GDP is expected to grow by 3.0%.

August 22, 2012

Is the Euro Bad for Austria?

According to UBS, the Austrian real income was down by 35% since 2000. The introduction of the euro is the main reason, UBS says. UniCredit and the Federation of Austrian Industries oppose to the study.

August 22, 2012

Grexit: Aiginger Warns of Shock in the Balkan Region

Wifo´s (Austrian Institute of Economic Research) director Karl Aiginger thinks that a Greek exit would not only cause big problems for Greece itself, but for the whole Balkan region.

August 21, 2012

Austrian Inflation Rate Slightly Down

Slight decrease of consumer price inflation to 2.1% in July 2012. In the Eurozone, inflation is stable at 2.4%.

August 16, 2012

Budget Crisis: Serbia to Reduce Foreign Exchange Reserves

In order to mend Serbia´s budget hole, the government plans to amend the Central Bank law.

August 2, 2012

IHS: Austria Grows Faster Than Eurozone

The Austrian Institute of Advanced Studies expects an average economic growth of 1.7% until 2017.

July 26, 2012

Austrian Inflation Up Again

Slight increase of consumer price inflation to 2.2% (HICP 2.2%) in June 2012.

July 16, 2012

Economic Report: „Reducing Dependence on Europe“

Today, the Austrian government published its "Economic Report 2012".

July 9, 2012

Fekter Defends Euro Aids

Austria´s Finance Minister Maria Fekter underlines the „necessity of solidarity“ and stressed ist commitment to the common currency. The Austria opposition party FPÖ made a serious protest.

June 16, 2012

Austrian Inflation Rate Decreased Slightly

Further decrease of consumer price inflation to 2.1% (HICP 2.3%) in May 2012.

June 14, 2012

Slow Growth in First Quarter

In the first three months of 2012, the Austrian economy grew by 0.3% against the prior quarter. The outlook is very cautious.

June 9, 2012

„Something Is Wrong in Austria“

According to the Austrian Chamber of Labor, Austrian workers have to bear the highest burden of the crisis. The contribution of great fortunes would be insufficient.

May 30, 2012

Austrian Economy: OeNB Demonstrates Optimism

The Austrian Central Bank is satisfied with the performance of the domestic economy underlines the necessity of austerity measures.

May 24, 2012

Economic Indicator: Slow Recovery Expected

The Bank Austria business indicator indicates a slight upward trend. In the second quarter, economic growth is expected to reach 0.2%.

May 16, 2012

Austrian Inflation Rate Remains Above 2.0%

Slight decrease of consumer price inflation to 2.3% in April 2012.

May 16, 2012

Stable Development of Austrian Economy

The Austrian Institute of Economic Research (WIFO) forecasts a decent, but stable economic growth in 2012.

May 10, 2012

Moderate Rise in Industrial Producer Prices

Austrian Industrial producer prices in March 2012: increase by 1.4% against March 2011.

April 30, 2012

Austrian Industry Underlines Austerity Policy

After the rating agency Fitch retained Austria´s triple A, the Austrian industry sees a confirmation of the need for austerity. Finance Minister Fekter emphasized to push for further reforms.

April 17, 2012

Austrian Inflation Slightly Down

In March, a decrease of the Consumer Price Inflation to 2.4% was observed.

April 17, 2012

Small Rise in Industrial Turnover

Positive production trends in industry and construction in December 2011: turnover rose by 3.7%. Industrial producer prices rose by 2.1% in February 2012 compared to February 2011.

March 30, 2012

Economic Upswing for Austria?

The economic research institutes IHS and WIFO anticipate that the Austrian economy accelerates by summer 2012. Both warn of “too much euphoria”, however.

March 29, 2012

Less Growth in Industrial Producer Prices

Decelerating growth in industrial producer prices: +1.9% in January 2012 compared to January 2011.

March 21, 2012

Austrian Real Estate Market is “Sold Out”

The boom of Austrian property prices does not end. Prices for one-family houses were up by 6.4% on average.

March 20, 2012

Modest Economic Spring With Upward Potential

Bank Austria Business Indicator for February confirms that the economic turnaround has already begun. The outlook is positive.

March 19, 2012

Slight Decline in Inflation Rate

The Austrian Consumer Price Inflation declined to +2.6% in February 2012.

March 14, 2012

WIFO Forecasts Economic Stabilization

The Austrian Institute of Economic Research (WIFO) expects a slight improvement in the Austrian economic development. Upward indicators become more significant.

March 9, 2012

Wholesale Prices Slightly Up

Wholesale price index in February 2012: +1.5% against February 2011. Austrian service enterprises achieved an increase of turnover by 3.5% for 2011.

March 7, 2012

Slight Decrease in Inflation

Decline in Austrian Consumer Price Inflation to +3.0% in January 2012.

February 29, 2012

Problems on European Level as Burden for Austria

Over the last months, the European economy lost its impetus, which is a major burden for the Austrian economy.

February 9, 2012

Signs for Economic Stabilization

The Austrian Central Bank (OeNB) sees signs that the economic downturn trend can be stopped. A small growth in 2012 could be possible.

January 17, 2012

Inflation Reached 3.3% in 2011

Annual rate of the Consumer Price Inflation went up to +3.3 % (HICP: +3.6%) in the year 2011. Inflation in December went down slightly.

January 16, 2012

2012 Brings Stagnation for Austrian Economy

According to Bank Austria´s economic indicator, Austrian economic growth will only reach 0.8% this year.

January 16, 2012

Slow Growth in CEE Expected

According to Raiffeisen Research, real GDP in CEE to grow by 2.0 per cent in 2012, while Austria set to post GDP decline of 0.5 per cent.

January 11, 2012

Strong Rise in Household Energy Prices

In November 2011, Austrian household energy prices increased by 12.6%. The main drivers were heating oil and fuels.

January 3, 2012

Stagnation Expected for Austria

The Austrian economy is weakening steadily into the New Year. The Bank Austria Business Indicator continued to decline in November turning slightly negative as in the previous month.

December 17, 2011

Inflation Rate Climbs Back to 3.6%

Consumer price inflation went up again in November 2011. Above-average price increases were registered for traffic and household energy

December 15, 2011

Lower Increase of Construction Cost in November

Construction cost in November 2011: +1.6% against 2010, -0.2% compared to October 2011.

December 15, 2011

Only 0.3% GDP Growth in Third Quarter

The Austrian GDP stagnates, which is due to decrease in domestic consumption. The only positive impetus comes from the export industry.

December 9, 2011
Fast News Search