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"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

VBAG is Forced to Continue Radical Downsizing Measures

The partly nationalized and financially stricken Austrian banking group has to implement a painful restructuring concept. At the moment, VBAG sells its properties.

March 15, 2013

Austria: Government Adheres to Zero Deficit in 2016

Although the economic development is behind the expectations, the government wants to achieve a budget surplus in 2017.

March 2, 2013

Slovenia: Jansa Remains Prime Minister

Today, Slovenia´s Parliament will elect a new official head of government. However, Jansa will continue the government business.

February 27, 2013

Ukraine and EU Signed Memorandum of Understanding and Loan Agreement

Memorandum for the stability of Ukraine’s finance and economy was signed on the EU-Ukraine Summit.

February 27, 2013

Poland: Rostowki’s Fight for the Euro

Even though Poland’s rating outlook has been revised from “A-“ to “A” by Fitch it still has to face political reforms in order to improve its economic competitiveness.

February 24, 2013

S&P Warns Austria of Election Gifts

This year, Austria will hold federal elections. According to S&P, expensive election gifts may reduce the credit rating outlook.

February 19, 2013

S&P Downgrades Slovenia

Today, the U.S. rating agency has lowered the credit rating of the financially stricken country. Further downgrades are not unlikely.

February 13, 2013

Slovenia Faces New Elections

The Slovenian government is under massive pressure. A government collapse is more than likely.

February 11, 2013

„Croatia Has No Answer to the Crisis“

Economists fear that the economic crisis in Croatia will continue this year. The government does not implement enough reforms, observers say.

February 4, 2013

S&P Upgrades Austrian Provinces

After the upgrade of Austrian sovereign bonds, the U.S. rating agency amends the outlook for six Austrian provinces from „negative“ to “stable”.

January 31, 2013

Nowotny Underlines Improving Outlook

Ewald Nowotny, governor of Austrian National Bank (OeNB) stresses that not many countries were upgraded by the rating agencies in the last years.

January 30, 2013 · Updated: January 30, 2013; 18:34

S&P Upgrades Austrian Sovereign Bonds

Finance Minister Maria Fekter on Standard and Poor's upgrade: "We are on the right path and our measures are showing results".

January 29, 2013

Slovenia: Jansa Rejects to Step Down

Despite the deep political and economic crisis, Slovenia´s Prime Minister Janez Jansa is clinging to power.

January 25, 2013

Poland´s Rating Not Endangered

According to the U.S. rating agency Fitch, Poland´s “A-“ rating is “robust”.

January 21, 2013

Croatia: One Step Closer to the EU

According to their own statements, the Croatian government has fulfilled eight out of ten tasks, which must be finalized until July 2013. However, Croatia´s economic problems are far from being solved.

January 15, 2013

Moody´s: Slovak Austerity Plans Not Realistic

According to the U.S. rating agency, the deficit reduction plan may be too ambitious.

January 10, 2013

Croatia Faces Stagnation

Last year, Croatia´s economy shrank substantially. In 2013, the country will recover, economists say.

January 5, 2013

Favorable Economic Outlook for Croatia

After a severe setback since 2009, the country is expected to register substantial growth rates again, Erste Group says. Above all, the EU accession is expected to boost the country´s economy.

December 28, 2012

Slovenia: Citizens Protest Against Austerity Cuts

The austerity policy of the centre-right government faces fierce resistance by the trade union and citizen´s movements.

December 18, 2012

S&P Downgrades Hungary

The U.S. rating agency lowers Hungary´s sovereign debt rating from “BB+” to “BB”.

November 23, 2012

S&P Upgrades Latvia

The Baltic country performs well, S&P underlines. The long and short-term sovereign credit rating moved from “BBB-/A-3” to “BBB/A-2”.

November 15, 2012

Slovenia Still Rules Out Calling for Rescue

The Slovenian government tries to prevent to be bailed out by the EU and IMF by all means. However, experts fear that Slovenia is the next candidate for the safety net.

November 10, 2012

Fekter Underlines Austerity Policy

Fitch rating agency assigns its best triple A rating to Austria, praising in particular the stability and reform package approved in March.

November 10, 2012

Fitch Confirms AAA for Austria

The outlook is „stable“. The rating agency is worried about the banking sector, however.

November 9, 2012 · Updated: November 9, 2012; 17:13

Slovenia: Creation of Bad Bank Should Solve Credit Crunch

At the moment, the Slovenian banking sector does not fulfill its main task. The real industry suffers from a credit crunch.

November 6, 2012

Fitch Raises Turkey´s Rating

According to the U.S. rating agency, the Turkish economy performs well and became stable.

November 5, 2012

Moody´s Downgrades Austrian VBAG

The U.S. rating agency underlines that the Austrian state will help the financially stricken bank further.

November 3, 2012

Czech Deficit in 2013 at 2.9% of GDP

The Czech Government presented the budget bill for 2013. The Maastricht Criteria should be fulfilled.

September 29, 2012

Austria´s Finance Minister Delighted at Positive Moody's Rating

Maria Fekter: “Our Triple A confirms the reform path we have embarked upon.”

September 26, 2012

Moody´s Retains Austrian Triple A

The U.S. rating agency also confirms the negative outlook. Austria´s strengths are the growth rates and the low unemployment rate.

September 22, 2012

Czech Republic Threatened of Downgrade

Because of its instable political situation, the Czech Republic may be downgraded. Debt service costs may increase substantially.

September 14, 2012

„I´m Concerned About the Atmosphere in Southeastern Europe“

In an interview with the Austrian newspaper “Presse”, the Croatian Minister of Foreign Affairs Vesna Pusic explains that Croatia still aims to become a member of the Eurozone. The Maastricht Criteria would not be fulfilled yet, she says.

September 11, 2012

Moody´s: Poland Still Has Strong Credit Profile

Despite the economic slowdown, Poland´s credit profile remains robust, Moody´s Assistant Vice President Jaime Reusche told PAP.

September 11, 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

Lithuania´s Rating Confirmed

The rating agency Standard & Poor´s (S&P) kept Lithuania´s sovereign debt rating at BBB.

September 7, 2012

Slovakia Records Growing Current Account Surplus

In the first five months of 2012, Slovakia´s current account surplus reached € 1.24bn. Against the reference period of 2011, this is an increase by € 350m.

September 4, 2012

Slovenia in a Vicious Circle

Slovenia´s Prime Minister Janez Jansa warns that his country may has to announce its national bankruptcy in October.

August 31, 2012

Crisis in Eurozone: Stepic Is Optimistic

In an interview with the Austrian newspaper “Presse”, RBI´s CEO Herbert Stepic expects that the crisis will be managed until 2015.

August 25, 2012

S&P Confirms Czech Rating

The U.S. rating agency retained the rating for the Rczech Republic.

August 24, 2012

Croatia: Non-Performing Loans on the Rise

Almost one out of seven loans is classified as “non-performing.” A further aggravation is rather likely.

August 22, 2012

New Property Tax in Croatia

Slavko Linic, Finance Minister of Croatia, confirmed that Croatia will introduce a property tax in 2013. There would be no need for an IMF loan, Linic argues.

August 21, 2012

Dispute Over Hypo Group

Despite the relatively good results, the nationalized bank needs further capital injections. What is more, the capital shortfall at Hypo Group is highly controversial.

August 16, 2012

Fitch Downgrades Slovenian Banks

The U.S. rating agency downgrades the lown-term ratings of major Slovenian banks. The outlook is negative for all of them.

August 10, 2012

Fitch Downgrades Slovenia

The Southern neighbor country of Austria was downgraded to “A-“. The outlook is negative now.

August 8, 2012

S&P Confirms Bank Austria´s Rating

Due to the downgrade of the holding company UniCredit, the U.S. rating agency retains the negative outlook for Bank Austria.

August 8, 2012

Again Downgrades in Slovenian Banking Sector

Last week, Moody´s downgraded big Slovenian banks. Now, S&P puts the domestic banking industry under even more pressure.

August 6, 2012

Slovakia: Rating Confirmed by S&P

The U.S. rating agency Standard & Poor´s reiterates Slovakia´s A/A-1 rating. The outlook is is still „stable“. Slovakia´s labor market data are less promising, however.

August 6, 2012

Moody´s Downgrades Slovenia

Today, the U.S. rating agency has downgraded the Western Balkan country by three notches to „Baa2“ from „A2“.

August 3, 2012

Investor Confidence in Austrian Issues Remains Very High

Austria’s government and corporate sectors are still able to borrow at historically low rates, the loss of the triple A sovereign rating notwithstanding.

August 3, 2012
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