Inflation
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
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
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