Sponsored Content
Labor Market
Czech Republic: Working Poor Class Grows
In total, about one million Czechs fall into the category of employed poor. Their number is growing substantially.
September 28, 2013
Hungary: Official Unemployment Rate Below 10%
Hungary´s statistical office KSH has published the newest labor market data today. The real labor market conditions in Hungary are expected to be substantially worse.
September 27, 2013
Austria: Kapsch Demands Reform Agenda From New Government
Georg Kapsch, President of the Federation of Austrian Industries (IV) demands the next federal government to introduce a comprehensive reform agenda.
September 27, 2013
Austria Placed 9th in Competition Ranking
According to the latest EU Competition report 2013, Austria ranks ninth among 28 member states. The leaders in the ranking are Sweden, followed by Germany and Denmark while Bulgaria, Latvia and Romania are at the lowest positions.
September 25, 2013
Hungary: Competitiveness of Industrial Sector Shrinks
Regarding Hungary´s competitiveness, there is a clear downward trend. This year, Hungary is expected to achieve an economic turnaround.
September 24, 2013
Alpine: Almost All Former Employees Have New Jobs
Because of the construction company’s bankruptcy, almost 5,000 employees lost their jobs. Currently 133 persons are still looking for a job.
September 24, 2013
Poland Leads Ranking of Top Enterprises in CEE
Credit insurance company Coface has for the fifth time published a study about the Top 500 enterprises in Central and Eastern Europe.
September 24, 2013
Leitl: “Grand Coalition Did Not Fulfill Expectations“
Christoph Leitl, President of the Austrian Chamber of Commerce (WKO), favors a change in the governing parties as the grand coalition has not realized the necessary reforms.
September 24, 2013
Faymann: Austria as Role Model for Investments and Employment Programs
The Austrian Chancellor calls for a fair distribution of wealth and lower taxes on wages.
September 20, 2013
Austria: 80 Percent Opposed to 12-Hour-Working Day
A survey of a Socialist trade union shows that 80 percent of employees are opposed of a working day of twelve hours.
September 19, 2013
Bank Austria to Close Subsidiaries in Hungary
Because of higher costs caused by a tax on financial transaction, which was introduced during the current year, the affiliate of Italian UniCredit intends to downsize operations in Hungary.
September 19, 2013
Austria: WKO Demands Impulses for R&D
Deputy President of the Austrian Chamber of Commerce (WKO), Martha Schultz, demands new impluses for research and innovation in the years from 2014 to 2020.
September 19, 2013
Croatia: No End of Recession in Sight
For the seventh quarter in a row, Croatia´s GDP was down. The main problem is the weakening domestic consumption and the high unemployment quota.
September 19, 2013
Poland: Industrial Output Indicates Upswing
In August, Poland´s industrial production was up for the third month in a row. Due to the growing exports to the Eurozone, Poland is recovering.
September 18, 2013
Hungary: Orban Forecasts Growth of 2 Percent
Hungarian Prime Minister Viktor Orban forecasts economic growth of 2 percent next year as the country has managed to surpass several difficulties.
September 18, 2013
Slovenia: Unemployment Increases Further
The unemployment rate in Slovenia went up to 12.9%.
September 17, 2013
Leitl Recommends Parties Not to Raise Hopes
President of the Austrian Chamber of Commerce, Christoph Leitl considers the demand of the Social Democrats and Chancellor Werner Faymann for a tax relief as soon as 2015 utopian.
September 17, 2013
Poland: Rallies Against Government
Around 20,000 persons took part in a rally against the government organized by the country’s three largest trade unions: Solidarity, the All-Poland Alliance of Trade Unions (OPZZ) and the Trade Unions Forum.
September 12, 2013
Romania: Construction Industry to Grow by 1.9 Percent
The growth rate in the construction industry is even higher than economic growth in real terms.
September 12, 2013
Schieder: IMF Confirms SPÖ-Claims
State Secretary for Finances, Andreas Schieder regards the demands by the International Monetary Fund (IMF) as a confirmation of those by the Social Democrats (SPÖ).
September 11, 2013
Slovenia: Employment Outlooks Deteriorated
Outlooks for Slovenian jobseekers have darkened. According to a recent survy of temporary employment company Manpower presented on Tuesday, employment outlook has dropped from 7 percent to zero.
September 11, 2013
Austria: Spindelegger Confident About Becoming New Chancellor
The intense elections campaign for the Austrian People’s Party (ÖVP) has officially started on Tuesday. Deputy Chancellor and party leader Spindelegger promised more jobs and housing space.
September 11, 2013
Austria: Weak Growth Impulses
Today, the Austrian Institute for Economic Research (Wifo) has corrected the economic outlooks for Austria downwards. Growth impulses have been very weak so far.
September 10, 2013
Poland: Unemployment Dropping Slightly
The number of registered jobseekers decreased in August.
September 10, 2013
Romania: West Region to Catch Up Economically
Romania's West Region aims to catch up with its more developed peers in the European Union.
September 9, 2013
Austria: Liquidity Problems On the Rise
This year, insolvencies and delayed payments are expected cause economic costs of 2.1% of the Austrian GDP.
September 6, 2013
Lopatka Demands Reform for Austrian Railways
State Secretary Lopatka demands Minister of Infrastructure Bures to tackle the expensive pension system at the Austrian Railways by doing away with privliges for emplyoees in order to unburden tax payers.
September 4, 2013
Alpine: Creditors in Austria and Poland Claim Refunds
Not only the labor market in Austria is burdened but also thousands of creditors have invested in bonds of the construction company and are now facing enormous losses.
September 4, 2013
President Fischer Urges Austria to “Roll Up Sleeves“
In regard to the current election campaigns, the Austrian President Heinz Fischer has urged the parties for joint efforts.
September 4, 2013
Poland: Tusk Demonstrates Optimism
This year, Poland´s economic growth begins to accelerate. According to Prime Minister Donald Tusk, the growth rate will be higher than 1.5%.
September 4, 2013
Polish Alpine Files for Bankruptcy in Vienna
More affiliates of Alpine are affected.
September 3, 2013
German Affiliate of Alpine Sold
By the selling of the German affiliate of construction company Alpine 520 out of 1,250 employees will lose their jobs.
September 2, 2013
Austria: Unemployment Quota Increased to 6.9 Percent in August
The gradual economic recovery has not yet reached the domestic labor market. The number of jobseekers in Austria has increased by 323,111 persons compared to the previous year.
September 2, 2013
Alpine: Nine out of Ten Former Employees Have a Job
90 percent of former Alpine employees have a new job. However, 404 persons are still looking for a new employment.
August 30, 2013
Eurozone: Unemployment at 12.1 Percent
A total number of 26.7 million persons in the European Union are unemployed, according to estimates by Eurostat, the statistical office of the European Union,
August 30, 2013
Serbia: SMEs Driver for Economy
Serbia's private sector employs 45% of the total number of employees.
August 30, 2013
EU Commissioner Sees First Signs of Economic Turn-Around
EU Commissioner for Economic and Monetary Affairs Olli Rehn can see the first signs of an economic turn-around in the European Union.
August 29, 2013
Kapsch: Enormous Problems at Austrian Business Location
President of Federation of Austrian Industries (IV) Georg Kapsch confirms the criticism voiced by President of the Austrian Chamber of Commerce (WKO) Christoph Leitl and several other politicians by the Austrian People’s Party (ÖVP).
August 28, 2013
Austrian Economy Minister: “No Time for Idle Complacency”
Austrian Minister of Economics and former general secretary of the Austrian Chamber of Commerce (WKO), Reinhold Mitterlehner avoids any dispute with Christoph Leitl, President of WKO but signals a different opinion.
August 27, 2013
Alpine: Former Employees to Receive Wages
Almost 5,000 former employees of bankrupt construction company Alpine can feel relieved as this week the insolvency contingency fund will start with settlements. However, creditors will only be given a rate of five percent.
August 27, 2013
Austria: First Chancellor’s Duel
Chancellor Werner Faymann (SPÖ) and Deputy Chancellor Michael Spindelegger (ÖVP) had their first official chancellor’s duel on TV on Monday. However, people waiting for a major dispute had been disppointed.
August 27, 2013
Faymann: Joint Combat against Unemployment
During a meeting with Slovenian Prime Minister Bratusek and Croatian Prime Minister Milanovic and Austria’s second biggest city Graz, Austrian Chancellor Faymann pointed out the governments’ key tasks.
August 23, 2013
Austria: “Painful Cuts“ at RBI
According to the most recent results, the bank has losses in profits of more then 60 percent. A strict cost reduction program
August 22, 2013
Romanians Not Satisfied with Wages
More than half of Romanian employees claim not to be paid enough for their work.
August 22, 2013
Eurozone: Strongest Growth Rates in Two Years
The Eurozone continues to recover. Businesses in industrial production and in the service sector increased to a new high in more than two years. However, growth in both sectors is still not enough for the creation of new jobs.
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
Austrian Division of Hypo Alpe Adria Managed to Turn A Profit
In the past half year the Austrian division of nationalized bank Hypo Group made small profits.
August 20, 2013
Austria: Spindelegger Demands Flexibility of Working Hours
Working hours have become the main issue of the election campaigns. The dispute was incensed by the claims of Minister of Economy Mitterlehner to allow up to twelve hours of work per day.
August 19, 2013
Austria: Alpine Creditors Register € 2.29bn
The downfall of construction company Alpine, the biggest bankruptcy in the history of the second Republic, has not been finished yet.
August 19, 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
Fast News Search
