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Van Rompuy Encourages Romania to Become Eurozone Member
During his one-day visit to the Romanian capital, President of the European Council Van Rompuy noted Romania’s progress and stressed the importance of a banking union within the Eurozone.
April 26, 2013
Poland: Trade Union Threatens With Protests
The conflict between the trade union Solidarnosc (solidarity) and the Polish Government aggravates.
April 26, 2013
NCR to Expand Business Activity in Serbia
US corporation National Cash Registers is to employ a further 300 staff members.
April 25, 2013
Former Polish President: “EU Needs Ukraine”
In an interview with Polish news magazine Wprost, former Polish president Aleksandar Kwasniewski explains that in the future, the EU will need Ukraine.
April 22, 2013
9.2 Million EU Citizens Wish To Work More Hours
Labour Force Survey: Proportion of underemployed part-time workers up to 21.4% in the EU27 in 2012
April 19, 2013
Austria and Bosnia-Herzegovina to Commence Dialogues
Bosnia-Herzegovina shows interest in Austrian social partnership model and measures against increasing youth unemployment rate.
April 18, 2013
Hungary: Average Gross Earnings Increased Marginally
Average gross earnings amounted to HUF 223,100.
April 18, 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
Moody’s Confirms Bad Outlook for Slovakia
Ongoing difficulties and slow economic growth in Eurozone are the main factors.
April 17, 2013
Austria’s Economy Grows Faster Than Eurozone
Economists of the International Monetary Fund (IMF) are confident for a positive development of Austria’s economy.
April 16, 2013
Convergence Programme in Hungary: Faster Growth, Lower Deficit
The updated Convergence Programme covering the period 2013-2016 projects faster growth and a lower deficit for the upcoming years.
April 16, 2013
Austria: Number of Small-Business Owners Increased Marginally
In 2012, there were around 251,000 one-person-businesses in Austria which is 11,000 more than in 2011.
April 16, 2013
Czech Republic: Finance Ministry Worsens Economic Outlook
In an updated macroeconomic forecast for the economic development, the Czech Finance Ministry deteriorated the country’s outlook.
April 16, 2013
Hungary: Increasing Tensions Between Barroso and Orban
President of the EU Commission, Jose Manuel Barroso wrote another letter to Prime Minister Orban warning him of the impacts in case the government will not realize the claimed measures.
April 15, 2013
Poland: Appealing BPO Location
Poland has been increasing its attractivity as a location for Business Process Outsourcing (BPO). This becomes evident by the numbers of personnel.
April 15, 2013
Austia: Stable Industrial Production
Austrian industrial enterprises are particularly concerned about the future. The order situation was stable last year, however, only because of domestic orders. Sales in exports are still decreasing.
April 12, 2013
EU Threatens Hungary With Process
The EU Commission has warned Hunary with a lawsuit in case the government in Budapest should not withdraw the controversial amendmends to the consititution.
April 12, 2013
Austria: Congress City Vienna - Record Results in 2012
Austria's capital city is not only a favourite destination for tourists but also a hit with the congress and conference sector.
April 12, 2013
1.4 Million Austrians At Risk of Poverty
According to the most recent EU social report, 1.4m Austrians are at risk of poverty or social exclusion. Social Minister Hundstorfer regards Austria be on the right path in the fight against poverty.
April 12, 2013
Bulgaria: Commission Forcasts Economic Imbalances until 2015
EU Commission: Trend of reducing imbalances in Bulgarian economy is confirmed
April 11, 2013
FDI: Hungary Popular With German Enterprises
The majority of German companies would again choose Hungary for their investments
April 11, 2013
Favorable Outlook on Estonia’s Economy
Estonian economy’s consistent growth will continue in the coming years
April 11, 2013
Bad Outlook for Slovenia’s Economy
Slovenia receives bad marks in a report by the EU Commission. Together with Spain, Slovenia’s economy is endagered to collapse in case measures will not be made in the next few weeks.
April 11, 2013
Austria: Will Holidays on Thursdays be Abolished?
Minister of Infrastructure, Bures and President of IV announced to discuss the matter.
April 10, 2013
Hungary: Commissioner Reding’s Reactions to Allegations
EU Justice Commissioner and Deputy President of the EU Commission Viviane Reding has reacted to the accusations of the Hungarian government.
April 10, 2013
Slovakia: Barroso and Fico Examine Effective Use of EU Funds
Barroso pointed out his interest in avoiding losses for Slovakia. Experts are supposed to examine the effective use of funds and Slovakia’s financial engagement.
April 9, 2013
Fekter: “I Will Fight to Preserve Banking Secrecy in Austria!”
“Data protection is a valuable institution. We will continue to protect innocent citizens, but will also continue to lead the way in pursuing tax evaders.”
April 8, 2013
Austria: Unemployment Rate to Remain High
According to AMS, the public employment service in Austria, the unemployment rate will stay on the high level it shows right now. The labor market situation will only ease in 2016.
April 8, 2013
Slovakia: US Steel to Keep Producing in Kosice
US Steel and the Slovak government have come to an agreement which allows the steel manufacturer to stay in Eastern Slovakia.
April 8, 2013
ILO Warns of Social Unrest in Europe
Because of the continuing high figures in unemployment in great parts of Europe, experts warn of social unrest.
April 8, 2013
Russia: Economic Growth Below Expectations
The Russian economy is flatlining. The government and the Central Bank of Russia (CBR) blame each other for the current state of affairs.
April 8, 2013
Barroso: „Existantial Crisis is Over“
President of EU Commission Jose Manuel Barroso came to Vienna to meet with Austrian Chancellor Werner Faymann and Foreign Minister Michael Spindelegger.
April 6, 2013
VIG: Drastic Downsizing Measures in Romania
Because of increasing losses 450 employees will be made redundant.
April 4, 2013
Cyprus: Prone to Recession
Despite of the bail-out package, the country is threatened by a deep recession in the coming two years.
April 3, 2013
Austria: How to Benefit from Positive Labor Market Situation
Increasing number of employees should be reason to initiate economic stimuli and focus on investment incentives, states Leitl.
April 2, 2013
Macedonia: Fresh € 100m for Business Sector from EIB
The Macedonian government plans to provide fresh EUR 100 million loan, with 5.5% interest rate, as support to the business sector.
April 2, 2013
Hungary: Marginal Increase in Employment Rate
In light of the flash report by the Hungarian Central Statistical Office (KSH) released on March 28, a positive trend regarding employment – a priority area for the Government – becomes evident.
April 2, 2013
Cyprus: Anastasiades Comes Under Suspicion
President Nikos Anastasiades is in dire straits as he is accused of having transferred huge amounts of money to foreign countries and having warned relatives. In the meantime, the austerity package is almost set.
April 2, 2013
Bulgaria: Labor Hour Costs Increased 5.1 % in Q4 2012
Preliminary data of NSI for the Fourth Quarter of 2012 indicated that the total hourly labour cost rose by 5.1% compared to the Fourth Quarter of 2011.
March 30, 2013
Cyprus: 37.5 % Only The First Cut
Assets will be burdened much higher than assumed. Apart from the mandatory levy of 37.5 % a further amount of 22.5 % will be frozen in.
March 30, 2013
67 % of Estonians Work in Service Sector
According to the data of the 2011 Population and Housing Census (PHC 2011) of Statistics Estonia, 67% of persons employed in Estonia worked in service sector, 29% in industrial sector and only 4% in primary sector.
March 30, 2013
Hungary: Economic Growth Only in 2014
The MNB, the National Bank of Hungary estimates economic growth to further stagnate in 2013 but forcasts positive devolopments for the next year.
March 29, 2013
Czech Republic: Disinflation Continues
Analysts expect Czech economy to grow by 1.7 % next year.
March 29, 2013
Strikes Paralyze Poland
Protests against government’s changes in education, social and labor policy.
March 27, 2013
Hungary: Tax Overhaul Finalized
Minister for National Economy: taxation system completed - time for fine-tuning.
March 27, 2013
Head of Bank of Cyprus Withdraws
Head of Cyprus’ biggest bank withdraws. Cyprus’ Labor Minister warns of recession and economic downturn due to the austerity measures imposed by the EU and Commission.
March 26, 2013
Czech Republic: Confidence in Domestic Economy Inreased Marginally
Overall confidence in domestic economy increased slightly in March. The composite confidence indicator (economic sentiment indicator) increased by 0.2 points compared to February.
March 25, 2013
Austrians Poorer Than Italians or Spaniards?
According to a study carried out by the German Central Bank (Bundesbank) assets of private households in Austria is less than in Italy or Spain.
March 22, 2013
"Croatia Will Not Benefit From Joining The EU"
Croatia will join the European Union as the 28th member state in a few months. Economists criticize the country for not carrying out enough reforms and only focusing on tourism.
March 22, 2013
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