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Labor Market
Hungary: Government Demonstrates Optimism
Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz, believes that Hungary´s economy will perform well this year.
February 23, 2013
Bank Austria Plans Radical Reduction of Branches
The biggest Austrian bank wants to reduce the number of branches from 350 to 250 in the next two years.
February 22, 2013
Estonia: Gross Wages and Salaries Increased in all Economic Activities
According to Statistics Estonia, in the 4th quarter of 2012, the average monthly gross wages and salaries were 916 euros and the average hourly gross wages and salaries were 5.53 euros.
February 22, 2013
Poland: Economic Slowdown Becomes More Visible
Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.
February 19, 2013
Estonians Suffer from Unfavorable Working Conditions
According to a survey carried out by the daily newspaper Eesti Päevaleht, a considerably high number of Estonians want to leave the country. The situation in Lativa is almost the same.
February 18, 2013
Latvia: Workforce Grows Moderately
Results of the Labour Force Survey conducted by the Central Statistical Bureau show that, compared to the corresponding period of the previous year, the number of active population (aged 15-74), in the 4th quarter of 2012, has increased by 1.5%.
February 15, 2013
Estonia: Unemployment Goes Down
According to Statistics Estonia, the unemployment rate was 10.2% in 2012 and 9.3% in the 4th quarter.
February 14, 2013
Wages: Austrian Firms Tend to Cautiousness
According to a survey carried out by the HR advisor Aon Hewitt, Austrian firms plan to reduce personnel costs.
February 13, 2013
Labor Market One of Bulgaria´s Main Problems
The labour market remains among the key problems of the economy, although the increase of the indicator with respect to the values registered in the summer was lower than expected.
February 12, 2013
Czech Republic: Unemployment Grows Further
Among the new EU member countries, the Czech Republic has one of the lowest unemployment rates. However, the country cannot escape the trend.
February 8, 2013
Poland: Unemployment Quota Above 14%
In January, Poland´s unemployment quota came at 14.2%, the Polish Ministry of Labor says.
February 8, 2013
Slovakia: Labor Market Puts Pressure on Household Income
The downturn in employment and weak wage developments are putting downward pressure on sales and indicate that the slump in household final consumption will continue.
February 4, 2013
Croatia Fights Against High Unemployment
In order to reduce the number of jobless workers, Croatia´s government plans to invest € 60m in labor market measures.
February 4, 2013
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
Austria: Strong Decrease in Job Vacancies
56 900 job vacancies in the fourth quarter 2012, -22% compared with third quarter.
February 4, 2013
Hungarian Unemployment High, But Slight Downward Trend
Hungarian Ministry of Economics: “Unemployment up in the EU but trend continues down in Hungary.”
February 2, 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
Slovakia: Government Warns of Economic Slowdown
This year, Slovakia´s government expects lower growth rates than in 2012. Besides that, the austerity pressure is growing.
February 1, 2013
Austria Records Highest Unemployment of All Times
With 410,000 job-seekers, unemployment has never been higher. Nevertheless, Austria has the lowest unemployment quota in the EU.
February 1, 2013
Czech Unemployment Grows
The total employment in Q4 2012 increased by 31.1 thousand persons compared to the same period of 2011.
February 1, 2013
Poland: Opposition Criticizes Government´s Economic Policy Sharply
Opposition leader Jaroslaw Kaczynski says that the government does not fight against the economic slowdown.
January 31, 2013
Hungary: Unemployment Stagnates
In the 4th Quarter 2012, the number of unemployed people was 468 thousand resulting in an unemployment rate of 10.7%.
January 31, 2013
Slovak National Bank Cuts Economic Forecast
In January 2013, Národná banka Slovenska (NBS) revised the NBS Medium-Term Forecast published in December 2012 (MTF-2012Q4).
January 30, 2013
Hungary: More People in Work than in 2012
In the 4th Quarter 2012, the number of employed people was 3,909 thousand, 58 thousand more than a year ago. The employment rate of both men and women improved.
January 29, 2013
WIFO: Austrian Economy to Grow Slowly
In the next years, Austria´s economy will recover gradually, the Austrian Institute of Economic Research says.
January 25, 2013
Poland: Unemployment Quota at 13.4%
The labor market situation is one of Poland´s most pressing issues. Compared to November 2012, the unemployment quota was up by 0.5 percentage points.
January 24, 2013
Slovak Unemployment Rate Grows Further
In December, the unemployment quota came at 14.45%. Compared to December 2011, this is an increase by 0.9 percentage points.
January 24, 2013
WIFO Wants Higher Property Taxes
Karl Aiginger, director of Austrian Institute of Economic Research, suggests reducing wage taxes.
January 21, 2013
IMF to Visit Serbia Again
The International Monetary Fund underlines that Serrbia must reduce its public debt. At the same time, the government must stimulate economic growth, IMF says.
January 18, 2013
OeNB: Austrian Economy Returns to Growth
Today, Austria´s National Bank (OeNB) has presented the results of the economic indicators.
January 18, 2013
Hungary: Poverty Grows Dramatically
More than 33% of Hungary´s citizens are at risk of poverty. Among the EU countries, Hungary ranks fifth.
January 16, 2013
Croatia: One Step Closer to the EU
According to their own statements, the Croatian government has fulfilled eight out of ten tasks, which must be finalized until July 2013. However, Croatia´s economic problems are far from being solved.
January 15, 2013
Austrians Expect Shrinking Purchasing Power
According to a survey carried out by the opinion research institute Spectra Marktforschung, more than 40% of the Austrians expect that the purchasing power will decrease this year.
January 11, 2013
Slovakia: Wages Growing Moderately
In November 2012, compared with November 2011, the average nominal monthly wage increased in most surveyed sectors.
January 11, 2013
Slovakia: Employment Situation Improves Further
In November 2012, compared with November 2011, the employment increased relatively most in selected market services by 11,2 %.
January 11, 2013
Labor Time: Austrians Rank Second in EU
Only employees in the UK record more weekly working hours. On average, the working time came at 41.8 hours per week in Austria.
January 10, 2013
Poverty: Romanian and Bulgarian Citizens Most Endangered
Regarding the poverty rate, Bulgaria, Romania, Spain, Greece and Lithuania are significantly above the EU average.
January 9, 2013
Austrian Industry Against Short-Time Work
According to IV (Federation of Austrian Industries), short-time work is too expensive.
January 8, 2013
Austria: Black Labor Decreases
Since 2004, the size of black labor is declining in Austria. Nine years ago, the share of GDP came at 11%: In 2012, black labor was 7.5% of GDP.
January 8, 2013
Unemployment in EU: Austria Still Ranks First
At the end of December, the Eurozone´s unemployment rate reached 11.8%. In the EU, the unemployment quota comes at 10.7%
January 8, 2013
Poland: Unemployment Rate Grows Further
At the end of December, Poland´s unemployment quota reached 13.3%.
January 8, 2013
Austrian Industry: „Cutting Non-Wage Labor Costs!“
The Federation of Austrian Industries (IV) suggests boosting employment by reducing non-wage labor costs.
January 5, 2013
Bulgaria: Private Households Not to Increase Consumption
According to UniCredit Bulbank, the consumer behavior will remain rather cautious this year.
January 5, 2013
Serbia: Government Expects Recovery
In 2013, the Serbians will not benefit from the economic recovery, Prime Minister Ivica Dacic says.
January 5, 2013
Hungary: Unemployment Rate Unchanged
In September–November 2012, the number of unemployed people was 468 thousand resulting in an unemployment rate of 10.6%.
January 4, 2013
Hungary: 55,000 More People in Work
In September–November 2012, the number of employed people was 3,925 thousand, 55 thousand more than a year ago. The employment rate of both men and women improved.
January 4, 2013
“We Must Work Until 70”
In an interview with the Austrian news magazine “Standard”, the pension expert Christopher Prinz explains that an increase of the retirement age is inevitable.
January 2, 2013
Austria: Unemployment Rate Up Significantly
The stagnation remains a burden for the Austrian labor market. In December, the number of job-seekers was up by 6.9%.
January 2, 2013
Serbian Industrial and Trade Sector Under Pressure
Retail trade is shrinking drastically, the manufacturing sector stagnates. GDP fell by 2.5% compared to autumn 2011.
December 29, 2012
Outlook: Europe Remains Under Threat
The European debt crisis will remain a major issue, Austrian Erste Group says.
December 28, 2012
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