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NBP: First Signs of Recovery

According to the National Bank of Poland (NBP) there are first signs of recovery in the corporate sector.
September 20, 2013


Poland: Minor Slowdown in Industrial Production

On a year-on-year comparison basis, industrial output increased 2.2 percent in August while it declined 4.5 percent compared to July this year.
September 19, 2013
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Barroso: “Albania’s Future Is in The European Union”

President of the EU Commission Barroso is confident about Albania’s commitment.
September 17, 2013


World Economic Forum: Competitiveness of Western Balkans

Former Yugoslav countries and their competitiveness according to the World Economic Forum annual report.
September 6, 2013
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Croatia: „Insufficient Move Towards the Positive Direction“

Croatia hopes its economy is moving in the "positive direction".
September 2, 2013


Austria: Leitl Reiterates Criticizm

State Secretary Schieder considers Leitl’s statements “totally out of place”.
August 23, 2013


Romanians Not Satisfied with Wages

More than half of Romanian employees claim not to be paid enough for their work.
August 22, 2013


Leitl: “Austria Screwed Up”

If the US, as the perpetrator of the financial and economic crisis, shows two percent in economic growth, while Austria only 0.2 percent, then this was a “disgrace”, Leitl announced during the economic forum in Alpbach.
August 21, 2013


Poland´s Economic Growth Accelerates

In the second quarter of 2013, the annual growth rate came at 0.8%. Due to combined monetary and fiscal measures, the outlook is positive.
August 17, 2013
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Romania: GDP Slowed Down in Second Quarter 2013

Romania: GDP slowed down in Q2, as expected by RBI.
August 16, 2013


Fitch: European Investors See Withdrawal of Bank Stimulus

More European investors now see the withdrawal of central bank stimulus as a bigger risk to European credit markets than eurozone sovereign debt problems.
August 9, 2013


Erste Paid Back € 1.22 to Austrian State

On Thursday, Erste Group announced that the participation capital in the amount of € 1.76 was paid back completely.
August 8, 2013


Eurozone: Business Investments Decreased to 18.8 Percent

Business investment rate down to 18.8% in the euro area and to 18.3% in the EU27 Business profit share at 37.7% and at 37.2% respectively
July 31, 2013


Czech Republic: US Export-Import Bank Offers Loan for Temelin

The official export credit agency of the United States offers a loan under the condition that Westinghouse wins the tender.
July 30, 2013
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Romania: Privatization as a Potential Driver for Economy

Romania has to privatize more state-owned enterprises to become one of fastest emerging economies in the European Union.
July 29, 2013


Czech Republic to Remain in Recession

The Czech economy will, according to the Finance Ministry in Prague, shrink by 1.5 percent and only start growing again in 2014 by 0.8 percent.
July 26, 2013


Czech Republic: CEZ to Postpone Completion of Temelin

Czech energy company CEZ announced that the decision for the finalization of nuclear power plant Temelin will take at least a year longer than planned.
July 25, 2013


Poland: Dispute Between NBP and Finance Ministry

Finance Minister Jacek Rostowski and Governor of Polish National Bank Marek Belka are blaming each other for the poor performance of Poland´s economy.
July 23, 2013


Czech Banking Industry Reduces Lending Significantly

According to a survey issued by the Czech National Bank, banks tightened their credit standards in all the monitored credit market segments in 2013 Q2.
July 22, 2013
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Austrian GDP Growth Above European Average

In 2012, Austria saw a growth of GDP of 0.9 percent which is signifantly above the European average.
July 12, 2013


Czech Republic: Gloomy Prospects for Economy

The Czech economy is shrinking. According to experts, new Prime Minister Jiri Rusnok will not be able to change much. Enterprises have started to cut back on investments.
July 12, 2013


Serbia to Invest € 10bn in Energy Sector

Serbia will invest € 10 bn in the development of the energy sector in the next eight years.
July 12, 2013


Poland: NBP Downgrades Forecasts for GDP and CPI

The National Bank of Poland (NBP) downgrades GDP and CPI forecasts over next two years.
July 9, 2013


Abramovich Withdraws from Politics

Abramovich resigned from office as speaker of the parliament of the Koryakia Autonomous District.
July 2, 2013
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Leitl: „Cut of Base Rate by ECB Important and Necessary Signal“

President of the Austrian Chamber of Commerce Christoph Leitl welcomed the cut of the main refinancing rate to 0.5 percent.
May 2, 2013


Croatia Looking at EU Through Rose-Tinted Glasses

On July 1, Croatia will be joining the EU as 28th member state. Croatia is the first country after the economic crisis to become a member of the Union.
April 17, 2013


Favorable Outlook on Estonia’s Economy

Estonian economy’s consistent growth will continue in the coming years
April 11, 2013


Austrian Economy Recovers Cautiously

At the moment, Austria´s economy still stagnates. In the first quarter of 2013, the economic growth rate only comes at 0.1%, the Austrian National Bank says.
March 13, 2013


Hungary: GDP Fell by 2.7%

The gross domestic product of Hungary decreased by 2.7% in the fourth quarter of 2012 compared to the corresponding period of the previous year.
March 8, 2013
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Leitl: "Restructuring Instead of Cashing in"

Christoph Leitl, head of WKO (Austrian Chamber of Commerce), dismisses further plans for a tax hike. The outcome would be fatal and the economy exposed to threats.
March 6, 2013


Estonia: Turnover in Business Sector Increased by 7 %

2012 proves to be a successful year for the business sector
March 6, 2013


Lithuania: Investment in Tangible Fixed Assets and Construction 2012 Grew Slightly

Statistics Lithuania presents a statistical publication Investment in Tangible Fixed Assets and Construction, which provides statistical information for the year 2012 prepared based on quarterly statistical survey data.
March 6, 2013


Czech Republic: CNB Fights Against Recession

As the interest rate was cut to a technical zero, the Czech National Bank considers intervening against the crown.
March 4, 2013


“I do not expect for crediting requirements to tighten”

There is no reason for crediting requirements to be tightened, Zoran Stavreski, Macedonia´s Minister of Finance says.
March 4, 2013
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Hungary: Rise in Investments in Manufactury Industry

Yet investments in the national economy in general dropped by 7.9 % compared to the last quarter of 2011.
March 1, 2013


Hungary Enlarges Railway Network

State Secretary on Foreign Relations Peter Szijjarto announced that MAV (Hungarian Railways) starts its biggest investment program since WWII.
February 28, 2013


Hungary: Investments Continue Decreasing

In 2012 the volume of investments in the national economy was 5.2% lower than in the previous year.
February 28, 2013


Romania: Disappointing Economic Growth

“According with the flash estimate, GDP increased marginally in Q4 2012 (+0.2% qoq), which was a touch above our expectations and market consensus”, Raiffeisen Research reports.
February 21, 2013


Austria: GDP Decrease Due to Declining Consumption

In the fourth quarter of 2012, Austria´s economy shrank by 0.2%. In the full year 2012, Austria´s GDP expanded by 0.7%.
February 14, 2013
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Tusk: “First Months Will be Most Difficult”

Poland´s Prime Minister Donald Tusk explained that the Polish economy will recover in the second quarter of 2013.
February 4, 2013


Czech Republic Returns to Growth Slowly

According to the Czech Ministry of Finance, the recovery will be only gradual. This year, GDP is expected to increase by 0.1%.
February 2, 2013


Polish Economy Grew by 2.0% Last Year

Today, the Polish Statistical Office has published the economic data for 2012.
January 30, 2013


OeNB: Austrian Banks Remain Cautious

According to Austrian National Bank, the Austrian banking industry tends to keep the strict lending policy in the corporate banking sector.
January 30, 2013


Slovenia: Corporate Lending Falls Considerably

Due to the difficulties in the Slovenian banking sector, the real economy suffers from a credit crunch.
January 30, 2013


Austrian Economy: IHS and WIFO Cautiously Optimistic

The two Austrian economic research institutes anticipate an economic recovery in the second half of 2013.
December 21, 2012


“Risks to Financial Stability Remain High”

The European sovereign debt crisis continues to impact international financial markets. Despite the stabilizing effect of monetary and financial policy measures the risks to financial stability remain at a high level, OeNB says.
December 14, 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


Poland: Economic Growth Flattens Further

The crisis in the Eurozone also hits Poland. In the third quarter, the economic growth rate only came at 1.4%.
December 3, 2012


Hungary: Small Decrease of Investments

In quarter 3 of 2012 the volume of investments in the national economy was 2.1% lower than one year before.
November 29, 2012


Czech Republic: Overall confidence in economy decreased

The composite confidence indicator (economic sentiment indicator) decreased by 1.7 points compared to October.
November 26, 2012