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Serbian President: Vucic is New PM
Serbian President Tomislav Nikolic named Aleksandar Vucic as new Prime Minister.
March 17, 2014
Belka: Poland Should Not Haste into Eurozone
Marek Belka, Governor of the National Bank of Poland (NBP), said that the country did not have to haste to become a member of the European single currency union.
March 17, 2014
Recovery of Austrian Economy Continues
Austrian economy continues its recovery despite weaker upswing.
March 17, 2014
Serbia: Vucic Stands Good Chances of Becoming PM
Vucic is regarded new Serbian Prime Minister in the parliamentary elections.
March 15, 2014
Austria: DiTech to be Taken Over by Investor
Insolvent computer equipment trader DiTech is supposed to be taken over by a German investor with Polish roots.
March 13, 2014
Serbia to Continue Path towards EU
Even after the elections the new government intends to continue the path towards an EU membership.
March 13, 2014
Slovenia: NLB to Break Even in 2014
As part of the restructuring plan, the Slovenian bank is closing branch shops all over the country and downsizing its personnel.
March 4, 2014
Austria: Unemployment Rate Rises Once Again
Once again the unemployment rate in Austria saw a significant rise. More than 440,000 persons were registered jobsless in February.
March 3, 2014
Poland: Fastest Growing Economy in EU
According to the EU Commission, Poland will see the fastest growth in 2014 among the largest former communist countries of the European Union.
February 26, 2014
Serbia: Full EU Member by 2020?
Aleksandar Vucic, Deputy Prime Minister of Serbia, said on Thursday evening that the country had full political stability and announced that the country’s aim is to become an EU member in 2020.
February 22, 2014
EU Commission to Examine Slovenian Bank Restructuring Plan
Slovenia has sent the restructuring plan for its third largest bank, Abanka Vipa, to the EU Commission.
February 20, 2014
Czech Republic: New Government Passed Vote of Confidence
The new Czech government under Prime Minister Bohuslav Sobotka has passed the vote of confidence in parliament yesterday.
February 19, 2014
Czech Republic: Government Asks for Vote of Confidence
The new Czech government was appointed at the End of January. On Tuesday Prime Minister Bohuslav Sobotka and his cabinet will ask for a vote of confidence in parliament.
February 18, 2014
Romania: Fit for Eurozone?
According to estimates by the Romanian government, the country is fit for joining the single currency union.
February 17, 2014
Poland: Economic Growth in 2013 above Expectations
GDP growth in Poland came at 1.6 percent year-on-year in 2013 which is 0.1 percent above expectations.
January 31, 2014
NLB Closing Moscow Office
The step is part of the restructuring and downsizing procedure.
January 27, 2014
“Croatia Going through Very Difficult Period“
The World Bank calls for structural reforms in the Western Balkan state.
January 27, 2014
Croatia: S&P Downgrades Rating
Standard&Poors; has downgraded Croatia’s rating to “BB”. The outloock on the long-term rating for the country is at least “stable”.
January 24, 2014
Austria: OeNB Forecasts Modest Economic Growth
According to the Austrian National Bank (OeNB) economic growth in Austria only came at 0.3 percent last year.
January 24, 2014
Slovenia: NLB Facing Downsizing Measures
Slovenian NLB is facing severe downsizing measures. As part of the restructuring process, the country’s biggest bank has to lay off personnel.
January 24, 2014
Czech Economy to Grow Not Sooner than 2016
The Czech economy will struggle to show economic growth both this and next year, according to the Czech Federation of Trade Unions CMKOS.
January 21, 2014
Czech Republic: New Government Facing Bumpy Road
The first obstacles for forming a new government seem to have been surmounted – for the time being.
January 21, 2014
Erste Group: Moderate Economic Recovery in Eurozone
Euro area sentiment indicators point to a continuation of the moderate recovery, according to Erste Bank.
January 20, 2014
Audit Court Criticizes Austrian Government Sharply
Josef Moser, president of the Austrian Audit Court, has sharply criticized the government’s resolution.
January 17, 2014
Citizens from CEE Major Benefit for EU
A current paper published by the OECD shows that the European Union benefits from migration of Eastern European citizens as they compensate imbalances in the labor markets.
January 15, 2014
CESEE: Lack in FDI Causes Modest Economic Growth
The International Monetary Fund (IMF) is cautiously optimistic about economic growth in CESEE.
January 14, 2014
Serbia: One of Fastest Growing Economies
Last year Serbia was among the ten fastest growing economies in Europe, as pointed out by Deputy Prime Minister Aleksandar Vucic.
January 8, 2014
Hungary Amending Figures of Budget Deficit
Hungarian Finance and Economy Minister Mihaly Varga announced that the budget deficit of 2013 will be below the target after it was lowered dramatically.
January 8, 2014
Austria: Unemployment Rate at Record High
Last year the unemployment rate in Austria recorded its highest level in 60 years.
January 2, 2014
Serbia: Moderate Economic Growth in 2013
According to the release of the Serbian Statistical Office, GDP is estimated to have grown 2.4% in 2013.
January 2, 2014
Austria: Kapsch Delivers Warning to Policy-Makers
Georg Kapsch, President of the Federation of Austrian Industries (IV), is very cautious about economic growth in Austria and warns the policy-makers of a budget consolidation on the basis of expectations of growth.
December 27, 2013
Austria: Industrial Output Shrinks
In October the industrial production in Austria declined.
December 23, 2013
Austria: Options of Bad Bank for Hypo under Examination
Finance Minister Spindelegger intends to meet with experts to discuss options of a bad bank for Hypo Group Alpe Adria.
December 20, 2013
Wifo: Sluggish Growth Because of Weak Consumption
According to Wifo’s (Austrian Institute of Economic Research) prognosis for the coming years, economic upturn in Austria will remain flat because of weak consumption.
December 19, 2013
Leitl: No Alternative to Budget Consolidation
Christoph Leitl, President of the Austrian Chamber of Commerce (WKO), regards the coalition agreement between the Social Democrats (SPÖ) and the People’s Party (ÖVP) acceptable.
December 13, 2013
Croatia: Major Investments to Boost Economic Growth
The Croatian government on Thursday adopted an investment plan for 2014 which includes large-scale investments, amounting to as much as HRK 73.1 billion.
December 13, 2013
Leitl: Government Plans “Complete Nonsense“
According to Christoph Leitl, President of the Austrian Chamber of Commerce, the “great” suggestions planned by his working group are not realized by the government.
December 10, 2013
Austria: Slight Increase in Exports
In spite of a continuing difficult international environment domestic exports increased by 0.7 percent. According to Economy Minister Mitterlehner the Austrian exports are on a record high.
December 6, 2013
RZB Faces Severe Restructuring Measures
The Raiffeisen Zentralbank (RZB) is facing severe restructuring and downsizing measures as it has to cut the number of employees.
December 4, 2013
Bank of Albania Presses for Agreement with IMF
The Albanian economy from short-term adjustment toward long-term sustainable growth. Why Albania needs an agreement with the IMF.
December 4, 2013
UniCredit Bank Ukraine and Ukrsotsbank to be Merged
CEE Division completes additional steps in business refocusing.
December 3, 2013
Austria: Tax Losses Amount to € 2bn in 2014
The Austrian People’s Party estimates tax losses in the amount of € 2bn for the coming fiscal year as announced by State Secretary for Foreign Affairs Reinhold Lopatka in an interview with radio station Ö1.
November 29, 2013
Austria: “Budget on Target“
State Secretary for Finance Andreas Schieder points out that “the figures from the Finance Ministry for the budget performance until October show that the budget 2013 is on target.” Social Minister Hundstorfer calls for reforms.
November 25, 2013
Austria: High Tax Country
According to the new tax report of PrinceWaterhouseCoopers (PwC), the tax burden in Austria is ten percent higher than the average tax rate in the European Union and even beats Sweden.
November 19, 2013
Serbia: FDI as Driver for Economy
Further decline in FDI could affect economic growth in the Western Balkan state. The Serbian government announced to push forward with amendmends to improve business environment and boost economic growth.
November 4, 2013
Industrial Sector: Growth Painfully Slow
According to a survey by research institute Markit, industrial production in the Eurozone increased in October for the fourth time in a row. However, the rate of growth is still low.
November 4, 2013
Austrian Industrial Sector Gaining Stability
The upwards trend in Austrian industry picked up pace in October. Highest survey reading for two years signals clear pick-up of industrial activity
October 30, 2013
Slovenia: Significant Decline in Business Confidence
Sentiment indicator lower than in the previous month In October 2013 (-13 percentage points) the sentiment indicator was 1 percentage point lower than in September 2013 (-12 percentage points).
October 28, 2013
Without CESEE Business Alpine Would Still Exist
According to reports by auditor BDO and liquidator Stephan Riel, business in Austria remained profitable for insolvent construction company. If Alpine had never expanded business to CESEE it would still exist.
October 25, 2013
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