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Wifo Warns European Council of Economic-Policy Standstill
The Austrian Institute of Economic Research sharply criticizes the current economic policy of the European Union and calls for a change of course to reach the self-defined targets.
March 19, 2014
Bosnia: The Calm After the Storm
The protest movement has lost momentum. The future of Bosnia is more uncertain than ever before.
February 15, 2014
Bosnia: Protests Go On
After a number of political step-downs, the protests in Bosnia do not come to an end. The protest movements wants to take back controversial privatizations and the state presidium to step down.
February 9, 2014
Bosnia: Protest Movement Calls for Revolution
After the most serious riots since the end of the civil war, the violence has stopped for the time being. Nevertheless, the mood is still more than tense.
February 8, 2014 · Updated: February 8, 2014; 13:33
Bosnia: Protests Turn Into Violence
Due to the extremely tense social situation in the Balkan country, first protests turned into violence.
February 7, 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
Austria: Distribution of Wealth Extremely Unequal
The top one percent of Austrian households possesses more than 50 percent of all investment income.
January 13, 2014
Southeastern Europe Endangered of Civil Unrests
According to the Economist Intelligence Unit, several CESEE countries may face civil unrests in 2014. In particular, Southeastern Europe is in the danger zone.
January 4, 2014
Bulgaria: Economic Upturn Not Sooner Than 2015
As reported by Bulgarian daily Standart, an economist at World Bank pointed out that the country has not yet reached the economic situation of before the start of the financial crisis in 2008.
December 20, 2013
Bulgaria: Number of „Working Poors“ Grows Considerably
Bulgaria´s average wage only comes at € 269 per month. 600,000 Bulgarian earn less than € 180 per month.
October 15, 2013
World Bank: 47 Banking Crises in the Past 40 Years
47 banking crises that have struck 116 countries in the past 40 years - World Bank
October 8, 2013
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
Poland Trying to Eliminate Povery
The country plans on spending € 2bn in the combat against poverty.
September 19, 2013
Can We Eliminate Extreme Poverty By 2030?
Over the last 200 years the world as a whole has seen a marked decline in the incidence of absolute poverty.
August 14, 2013
Bulgaria: Protests About to Escalate
Heavy clashes between protestors and policemen in Bulgaria´s capital Sofia are endangering the political stability.
July 24, 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
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
Household Assets in Austria Lower Than in Spain
The proportion of owned homes in Austria and Germany is below 50 % and one of the reasons why household assets are on the lower end of the scale.
April 10, 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
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
Russia: Refinancing Rate Expected to Be Cut
The Central Bank of Russia (CBR) estimates inflation risks higher than a slow economic growth. However, the refinancing rate is expected to be lowered soon.
April 3, 2013
EU’s Austerity Cuts Adverse to Health
EU’s austerity measures negatively affect citizen’s health, is the result of a health study carried out by “The Lancet”. The Commission was supposed to examine the political effects.
March 27, 2013
Strikes Paralyze Poland
Protests against government’s changes in education, social and labor policy.
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
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
Hungary: In a Debt Crisis Soon?
New all-time high in debts was reported. Hungarian populations hopes for fast political turn-around.
March 22, 2013
EVN to Start Arbitration Procedure
Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.
March 19, 2013
Hungary: Dissatisfaction Towards Government Grows
Right-wing leader Viktor Orban has been in parliament for almost three years. But the promised reforms and changes to improve the economic situation came to nothing. Protests are arising.
March 18, 2013
Future of the EU Requires Solidarity And Integration
The EU has declared the year 2013 to be the “year of citizens”. The citizens of the EU should become aware of their European identity and their rights that come along with it.
March 15, 2013
Hungary: Orban Rejects Criticisms
After making amendments to the Hungarian constitution, Prime Minister Viktor Orban and his leading Fidezs party have to face harsh criticisms. EU Justice Commissoner Viviane Reding announced to take measures.
March 15, 2013
Hungary: Number of Emigrants to Austria Increases
More and more Hungarians emigrate to Austria due to economic and political reason.
March 14, 2013
Latvia: Increase for Minimum Wages Turned Down
Prime Minister Valdis Dombrovskis explained that a raise of minimum wages to LVL 303 (€ 428) is not realizable at the moment.
March 12, 2013
Bulgaria: Latest Protests Against Privatizing of Railway
Protesters in three cities gathered to demonstrate against the privatization of the freight division of the Bulgarian state railroads (BDZ).
March 12, 2013
Hungary: Constitutional Amendmends Signed By Vast Majority
EU Commission fears that Hungary’s state institutions will have to experience major restrictions.
March 12, 2013
Hungary: Former President Urges Successor to Veto
Former President Lazlo Solyom warns his follower, President Janos Ader,in a dramatic speech of the end of checks and balances in Hungary’s political system.
March 11, 2013
Hungary: Highest Loss in Real Wages in Five Years
Gross salaries increased 4.6 % while net income only saw moderate rise at 2 % in 2012.
March 6, 2013
Austrian Development Funds: Programme Approved
“ADA has over 110 million euros funding for operative development cooperation work in 2013” the Austrian Ministry of Foreign Affairs says.
March 6, 2013
Mixed Outlook for Russia
This year, Russia´s GDP will grow by 3.3%, the World Bank predicts. Regarding economic reforms, Russia must improve its effort, though.
March 4, 2013
Bulgaria „Protests are Useless“
In an interview with the Austrian daily newspaper „Standard“, Bulgarian author Ilija Trojanov explains why the situation in Bulgaria is rather hopeless.
March 1, 2013
Bulgaria: Economy to Stabilize
Despite the enormous political instability, Bulgaria is expected to record positive growth rates this year.
February 28, 2013
Bulgaria: Protestors Want Radical Reforms
The atmosphere in the poorest EU country remains tense. The citizens want a new constitution.
February 28, 2013
Bulgaria: Protests Continue in Sofia and Varna
Bulgarian political decisions are afflicted by extreme unpopularity as almost 60 % of the population suffers from immediate poverty. Riots continue in Sofia and Varna.
February 24, 2013
Bulgarian Government Resigns
This step came as a surprise. Before, Prime Minister Boyko Borisov rejected to step down. In April, the country will hold new elections.
February 20, 2013
Bulgaria Cuts Energy Prices
After heavy citizens´ protests, the Bulgarian government has lowered the energy prices by 8%. Moreover, the Czech energy group CEZ loses its license.
February 19, 2013
Protests in Bulgaria Threaten to Escalate
Despite the resignation of Minister of Finance Simeon Djankov, the protests go on and may turn into riots. The opposition wants to hold new elections.
February 19, 2013
Czechs are Worried About their Future
Above all, Czechs fear a declining living standard after their retirement. The real income is expected to shrink in the next years.
February 2, 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
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
Vienna: Distribution of Wealth Highly Unequal
In Austria´s capital, 30% of the households own 92% of the net assets.
January 3, 2013
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