Sponsored Content
Purchasing Power
Romania: Significant Drop in Purchase Power
General consumption climate is unfavorable in Europe at the moment.
August 12, 2013
Wifo: Economic Growth with Brakes On
Economic upswing will take time. Considering the individual branches an uneven picture emerges.
August 9, 2013
Slovenia: Household Income Shrinks
For the first time since its independence, Slovenia´s households record a decrease in disposable income.
August 2, 2013
Eurozone: Household Real Income Increased 0.5 percent
Household saving rate up to 13.1% in the euro area and to 11.0% in the EU27 Household real income per capita increased by 0.5% in the euro area
July 31, 2013
Poland: First Signs of Recovery from Crisis
Deputy Finance Minister Janusz Cichon expressed his optimism about the country’s soon economic recovery via Twitter by referring to Poland’s industrial performance and retail sales in the last month.
July 25, 2013
Bulgarian Protests As Sign of New Understanding of Values
The great wave of protests in Bulgaria continues to sweep the country. Experts regard the demonstrations as a sign of a new understanding of values.
July 25, 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
Austria Suffers from Company Exodus
Due to the relocation of businesses, the Austrian state has lost tax intake of € 1.3bn since 2008. The Austrian group taxation model must not be abolished experts of the Austrian Ministry of Finance say.
July 22, 2013
Austrian GDP Growth Above European Average
In 2012, Austria saw a growth of GDP of 0.9 percent which is signifantly above the European average.
July 12, 2013
IMF Downgrades Growth Prognosis for Eurozone
According to the International Monetary Fund (IMF), the prospects of growth in the Eurozone are still positive. However, they are not as good as in April. Germany and Austria are concerned as well.
July 10, 2013
Poland: NBP Downgrades Forecasts for GDP and CPI
The National Bank of Poland (NBP) downgrades GDP and CPI forecasts over next two years.
July 9, 2013
Austria: Moderate Economic Upturn
After one year of a phase of stagnation, the Austrian economy shows recovery, according to the results of economic indicator by the OeNB (Austrian National Bank).
July 5, 2013
CESEE: GDP Growth in 2013 Weakest Since 2009
CESEE financial markets influenced by global liquidity debate.
July 4, 2013
Slovenia: Trying to Make a Difference
The crisis measures approved by Brussels are partially starting to make an impact. Since July 1, the higher tax rate of 22 percent is binding. However, the country does much more than just raise taxes.
July 3, 2013
Crisis in Slovenia Might Take Longer Than Expected
According to the latest economic report by auditing firm Ernst&Young;, the financial crisis in Slovenia will take longer than expected beforehand. However, the country should still be able to avoid international bailout.
July 1, 2013
Slovenia’s Economic Outlook to Deteriorate Further
The Institute for Macroeconomic Analysis and Development expects GDP in Slovenia to shrink more than projected earlier.
June 21, 2013
Austria: Wienerberger Alarmed About Shrinking Residential Building
Building material group Wienerberger is alarmed about the declining figure in residential building even though the market is significantly undersupplied with affordable housing space.
June 12, 2013
Croatia: PM Anxious About Country’s Image
Prime Minister Zoran Milanovic announced that Croatia had to fight hard for its reputation within the European Union.
May 27, 2013
Maria Fekter: Hot-Tempered Lady At the Fireplace
Raiffeisen Centralbank (RZB) organized a „fireplace chat“ with Finance Minister Maria Fekter which took place on May 7 in Vienna.
May 8, 2013
Eurozone: Household Savings Rate Decreased Significantly
Household saving rate down to 12.2% in the euro area and to 10.7% in the EU27. Household real income per capita fell by 1.1% in the euro area.
April 29, 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 Ranking 7th in Purchase Power
According to RegioData, € 19,580 per year was available for each Austrian. The three countries with the greates purchase power in Europe are Luxemburg, Switzerland and Norway.
April 9, 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
Slovakia: Economic Sentiment Indicator Increased to 90.4
The three-month moving average of economic sentiment indicator (ESI) increased by 1,8 points to 90,4 compared with the previous month´s value.
March 30, 2013
Czech Republic: Disinflation Continues
Analysts expect Czech economy to grow by 1.7 % next year.
March 29, 2013
Poland’s Finance Minister Shows Optimism
Deputy Finance Minister Majszczyk announced that Poland will not exeed the planned budget deficit and forcasts economic growth for the second half of the year.
March 22, 2013
Slight Improvement for Austria’s Economy in 2013/14
IHS (Institute of Advanced Studies) and Wifo (Austrian Institute of Economic Research) forecast a sluggish growth for Austrian’s economy.
March 21, 2013
Poland: Inflation Decreasing
Declining inflation was supported by weaker demand and cost pressures in the economy, decrease in energy price growth as well as zloty exchange rate stronger than a year ago.
March 15, 2013
Slovakia: Gross Domestic Product Rose in Q 4 of 2012
Compared to Q 3 of 2012 this means an increase of 0.2 %, by y/y the GDP rose by 2 %.
March 6, 2013
Hungary: GKI Forecasts Budget Deficit of HUF 200 bn
The Hungarian government is in complete opposite to GKI’s statement: forecasts economic growth of 1 % and does not see any concerns.
March 5, 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
Hungary: Significant Drop in Retail Sales
Sales are falling particularly in food, drinks, tobacco, petrol, books and computer equipment.
March 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
Polish Economy Grew by 2.0% Last Year
Today, the Polish Statistical Office has published the economic data for 2012.
January 30, 2013
Most Czechs Are Pessimistic
A clear majority of the Czech citizens expects that their individual financial situation will deteriorate this year.
January 21, 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
Austrian Purchasing Power Abroad Shrinks
For Austrians, Hungary and Croatia still leading the list of top destinations. The Holiday euro is worth slightly more in many Eurozone countries than in Austria.
December 28, 2012
Generali: Purchasing Power in Austria Grows
The insurance group underlines that more Austrians enjoy an increase in purchasing power.
December 27, 2012
Serbia: Moderate Real Wage Growth
Salaries and wages per employee in the Republic of Serbia were up by 2.0% in November 2012.
December 27, 2012
Austria: Purchasing Power Shrinks Considerably
Today, the Austrian Audit Court has published its report on the Austrian income situation. Since 1998, real incomes went down drastically.
December 19, 2012
Austrian Purchasing Power Stagnates
Next year, the purchasing power will only grow by 0.5%, the Austrian market research institute RegioData Research says.
November 29, 2012
Purchasing Power: Austria Ranks 6
Regarding the purchasing power per head, Austria is significantly above the European average of € 12,802.
October 31, 2012
Austrian Inflation Rate Slightly Down
Slight decrease of consumer price inflation to 2.1% in July 2012. In the Eurozone, inflation is stable at 2.4%.
August 16, 2012
Polish Industrial Sector Shrinks
Last month, the Polish purchase manager index could recover. Nevertheless, there is no tendency of growth yet.
August 3, 2012
Purchasing Power in CEE Region: Czech Republic Ranks First
Among Poland, Slovakia and the Czech Republic, Bratislava records the biggest regional purchasing power. In total, the Czech Republic ranks first.
July 7, 2012
Austrian Inflation Rate Decreased Slightly
Further decrease of consumer price inflation to 2.1% (HICP 2.3%) in May 2012.
June 14, 2012
„Something Is Wrong in Austria“
According to the Austrian Chamber of Labor, Austrian workers have to bear the highest burden of the crisis. The contribution of great fortunes would be insufficient.
May 30, 2012
Massive Gap in Purchasing Power
Purchasing Power Parities 2012: Higher travel costs for overseas destinations; Austrians' purchasing power 40–70% above the level in Slovakia, Czech Republic and Hungary.
May 21, 2012
Austrian Purchasing Power on the Rise
In spite of the austerity package, disposable income is increasing. Last year, income was up by € 500 per head.
April 13, 2012
Fast News Search
