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„Austria Grows Stronger than Expected“
According to the economic research institute Synthesis, Austria´s economic growth is higher than WIFO and IHS say. The employment situation would be too good.
December 13, 2012
Austria: Unemployment Grows
Increase in unemployment in the third quarter of 2012, number of employees also growing.
December 13, 2012
Hungary Resolves 2013 Budget
Today, Hungary´s Parliament approved the budget for 2013, which contains a number of tax increases. According to critics, the budget will not hold.
December 12, 2012
Slovakia: Real Wages Decline in Selected Industries
Today, the Slovak Statistical Office published data on employment and average monthly wage in selected sectors of economy in October 2012.
December 11, 2012
Czech Unemployment on the Rise
In November, the Czech unemployment quota reached 8.7% after 8.5% in the previous month.
December 10, 2012
Austria Faces Recession
Austria´s National Bank OeNB has revised the growth forecasts one more time. Next year, Austria´s economy will only grow by 0.5%.
December 7, 2012
Slovakia: Unemployment Grows
In the third quarter of 2012, the Slovak unemployment quota was up by 0.5 percentage points to 13.7%. At the same time, employment is growing substantially.
December 6, 2012
Austrian Industry Calls for Flexibilization of Short-Time Work
Austrian businesses expect that short-time work may return. Three years ago, the
December 4, 2012
Austria: Remarkable Growth in Long-Term Unemployment
In November, the unemployment quota grew by 6.7%. Above all, time workers and social care workers are affected.
December 3, 2012
Unemployment Decreasing in Baltic Countries
Euro area unemployment rate at 11.7%. EU27 at 10.7%. Austria still records the lowest unemployment quota.
November 30, 2012
Hungary: Unemployment Remains Stable
In August–October 2012, the official number of unemployed people was 463 thousand resulting in an unemployment rate of 10.5%.
November 28, 2012
Poland: Unemployment Remains on High Level
The Polish government expects the unemployment quota to grow slightly.
November 27, 2012
OECD: CESEE Countries A Risk Factor for Austria
Next year, Austria´s economy will only show a growth rate of 0.8%. Unemployment is estimated to increase further. CESEE countries would lower the grow prospects for Austria, OECD says.
November 27, 2012
Allianz: Austria´s Economic Position Improves
According to the German insurance group, the economic situation of ten out of 17 Eurozone member countries has worsened. Austria could make up one place.
November 26, 2012
More Hungarians Leave their Country
Especially high-skilled Hungarians tend to emigrate. The labor market conditions in Hungary are often precarious.
November 24, 2012
Hungary: Real Wages Decline Remarkably
In 2012, real wages went down by 5.3%. This is mainly due to the persistently high inflation rate (6.6%).
November 22, 2012
Hungary: Gross Earnings Grow Moderately
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.5%.
November 20, 2012
Gloomy Prospects for Ukraine
Economic slowdown is gaining momentum: GDP slumped by 1.3% yoy in the 3rd quarter, while industrial output contracted for 5th month in a row in October (by 4.2% yoy), Austrian RZB states.
November 19, 2012
Slovak Growth Flattens
Slovakia´s GDP still grows substantially, but slower compared to previous quarters. Employment growth stagnates, though.
November 15, 2012
Czech Republic: Unemployment Rate on the Rise Again
In October, the Czech unemployment rate came at 8.5%. The number of vacancies fell slightly.
November 8, 2012
Czech Unemployment Growing Slightly
In October, the Czech unemployment quota was up by 0.4 percentage points compared to the reference period of 2011.
November 3, 2012
Austrian Unemployment Quota Up by 7.5%
In October, more than 322,000 persons had no job. The number of trainees was up considerably.
November 2, 2012
Unemployment: Austria Ranks First in EU
In September, the euro area unemployment rate came at 11.6%. The Baltic countries registered a substantial decrease in unemployment.
October 31, 2012
Hungary: Employment on the Rise
80 thousand more people in work in the third quarter than a year ago.
October 30, 2012
Austria Underlines Importance of Austerity Measures
“EU pact for growth and employment to fight high unemployment rates”: State Secretary Reinhold Lopatka at the General Affairs Council in Luxemburg.
October 17, 2012
Austria: Economic Sentiment Low
Despite solution to eurozone crisis taking shape, sentiment of consumers and producers still trending down. More optimistic outlook for 2013 after stagnation in second half of 2012.
October 17, 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
Poland: Almost 2.0 Million Unemployed
In August, the unemployment quota grew to 12.5% from 12.4%.
October 8, 2012
Poland: Long-Term Unemployment Becomes Problematic for State Budget
According to the consulter Deloitte, Poland is losing billions because of the long-term unemployment.
October 6, 2012
Czech Republic: Industrial Sector Most Important
Among the EU members, the Czech Republic shows the highest percentage of people working in the industrial sector.
October 6, 2012
Working Time: Brits and Austrians Work Most
Regarding the weekly working time, Austria ranks second. The share of employees working in the service industry is slightly below the EU average.
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 to Increase Flexibility of Labor Market
The Polish Ministry of Social Affairs prepares an “anti-crisis-package”.
October 3, 2012
Hungarian Unemployment Quota Down
In June–August 2012, the number of unemployed people was 456 thousand resulting in an unemployment rate of 10.4%.
October 1, 2012
Austrian Unemployment Continues to Grow
In September, the number of unemployed persons grew by 5% against September 2011. The Euro area unemployment rate came at 11.4%
October 1, 2012
Orders Down for Austrian industry
Sharpest decline in orders since the middle of 2009 results in a significant reduction in production – job losses in industry pick up pace in September. Contraction in industry weakens overall economy: modest decline in GDP likely for the third quarter.
September 28, 2012
Austrian Unit Labor Costs Down
Austrian enterprises become more competitive. Last year, unit labor costs were down by 4%.
September 26, 2012
Austrian Employment Growing Moderately Until 2016
The Austrian economic research institute WIFO forecasts that 173,000 new jobs will be created until 2016.
September 25, 2012
Polish Real Income Declining
As the inflation rate is still higher than wage increase, Polish households face a shrinking income.
September 20, 2012
Record Low in Turkey´s Unemployment
Turkey records the lowest unemployment rate for eleven years. In June, 24.8 million workers were registered in Turkey.
September 19, 2012
National Bank of Slovakia Adapts GDP Growth Forecast
According to NBS, the Slovak economic growth is expected to reach 2.7%. This is higher by 0.2 percentage points than NBS forecasted in June.
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
Strong Increase in Hourly Labor Costs in Hungary and Romania
Second quarter 2012 compared with second quarter 2011: Euro area hourly labour costs rose by 1.6% and by 1.8% in EU27.
September 17, 2012
Czech Unemployment Rate Remains Flat
In August, the Czech Republic´s unemployment quota came at 8.3%.
September 15, 2012
EU: Highest Shadow Economy in Bulgaria
A World Bank report shows that the Bulgarian economy is still dominated by illegal work. Among EU-countries, Bulgaria clearly ranks first. Austria has the lowest shadow economy.
September 14, 2012
Austria: Rising Employment
More employees and more unemployed; fewer self-employed and the same number of job vacancies in the second quarter of 2012
September 13, 2012
Slovakia: Increasing Employment in Industrial Sector
The highest salaries were recorded in the IT industry, followed by the manufacturing industry.
September 11, 2012
Kapsch Against Excluding Greece
The President of the Federation of Austrian Industries (IV) thinks that the Austrian pension system shows a substantial savings potential.
September 10, 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
Slovenia: Juncker Calls for Reforms
The chairman of the euro-group Jean-Claude Juncker warned Slovenia. “The situation is critical, there is no time to lose.”
September 10, 2012
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