Regional Economic Policy
Hungary: Clear Victory for Orban
Today, Hungary has held parliamentary elections. Despite controversial and radical reforms, Prime Minister Orban was confirmed.
April 6, 2014
Hungary: Orban Faces Re-Election
Tomorrow, Sunday, Hungary holds national elections. Despite the difficult economic frame conditions in Hungary, the centre-right government is expected to be confirmed for the next four years.
April 5, 2014
Romania: Remarkable Development Since 2000
The advisory firm pwc has compiled a study on the economic progress of advanced and emerging economies. Poland and Romania are one of the top performers.
February 5, 2014
EBRD Presents New Strategy for Bosnia
The new strategy focuses on the development of small and medium-sized enterprises and the exporting industrial sector.
January 25, 2014
Poland Added in IMF´s Watch List
According to the International Monetary Fund, Poland is one out of four new countries which are systemically important in terms of crisis management.
January 16, 2014
Bulgaria: S&P Downgrade Criticized Sharply
Bulgarian Minister of Economy Dragomir Stynev does not agree with S&P´s view on Bulgaria´s creditworthiness.
December 16, 2013
Szczurek: EU Funds to Create Growth
Poland´s designated Minister of Finance Mateusz Szczurek explained that EU contributions will be used to support Polish GDP growth.
November 23, 2013
Prosperity Index: Poland Moves Upwards
Above all, Poland´s strengths are seen in the fields of security and safety.
October 31, 2013
CESEE: „The Growth Model Was not Sustainable“
Franz Seiringer, economist at EBRD, underlines that the CESEE countries are on the right track. The region is working on a new growth model, he told “Wirtschaftsblatt”.
October 29, 2013
Hungary: Junk Rating Remains
S&P has reiterated Hungary´s sovereign debt rating. Further cuts are not unlikely.
October 28, 2013
Southeastern Europe Initiates Common Economic Strategy
In Croatia´s capital Zagreb, the Southeast European countries agreed on putting more common effort into innovation based growth strategies.
October 26, 2013
US Investors: Austrian Industrial Location Loses in Attractiveness
According to a study carried out by the American Chamber of Commerce (AmCham), the quality of the Austrian industrial location is seen ambiguous.
October 25, 2013
“We Need to Pull Down the Iron Curtain in Our Heads“
In an interview with Austrian daily “WirtschaftsBlatt“ Johannes Seiringer, Director of the Austrian office of the European Bank for Reconstruction and Development (EBRD) calls for incentives for enterprises to continue investing in CEE.
October 24, 2013
Slovenia Does Not Fully Draw EU Funds
As the Slovenian projects will not be finished in time, the financially stricken country will fail drawing all funds.
October 12, 2013
Federation of Austrian Industries Urges for Reforms
IV (Federation of Austrian Industries) has high hopes. The next Austrian government has to implement a number of reforms, IV´s President Georg Kapsch says.
October 12, 2013
Technologic Leadership Is the Driving Factor for Foreign Trade
According to the Austrian Institute of Economic Research (WIFO), Austria benefits substantially from the technologic innovation in the last decades and the opening the CESEE region.
October 11, 2013
Serbia Fights Against National Bankruptcy
The Serbian government has decided to implement a new austerity package. Above all, civil servants face substantial salary cuts.
October 9, 2013
Hungary: Competitiveness of Industrial Sector Shrinks
Regarding Hungary´s competitiveness, there is a clear downward trend. This year, Hungary is expected to achieve an economic turnaround.
September 24, 2013
Austrian Government Highlights Close Relations to Hungary
“Border region between Austria and Hungary as a dynamic place.”
September 21, 2013
Romania: High Dependence from FDI
Without the inflow of foreign direct investments, Romania´s economy would shrink. The industrial sector is highly controlled by foreign investors.
September 21, 2013
Hungary May Reprogram EU Regional Aid
Hungary is faced with the reprograming of up to 5 percent or a volume of up to € 250m of its current EU regional aid.
September 9, 2013
Romania: West Region to Catch Up Economically
Romania's West Region aims to catch up with its more developed peers in the European Union.
September 9, 2013
Austria: Fekter Does Not Publish Controversial Industrial Location Study
According to a recent study on the quality of Austria´s industrial location, the number of leaving multinational companies is growing.
August 25, 2013
Schieder: “Successful Employment and Regional Economic Policy Has to Be Continued“
Austrian State Secretary rejects unreliable surveys “talking down” Austrian economy.
August 14, 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
Federation of Austrian Industry Defends Group Taxation
The Federation of Austrian Industry (IV) argues that the Austrian business location would be endangered without the group taxation.
July 20, 2013
Serbia to Invest € 10bn in Energy Sector
Serbia will invest € 10 bn in the development of the energy sector in the next eight years.
July 12, 2013
Abramovich Withdraws from Politics
Abramovich resigned from office as speaker of the parliament of the Koryakia Autonomous District.
July 2, 2013
Russia Pays Off Debt to Serbia and Slovakia
On Tuesday, the Russian Finance Ministry announced that the country has paid off a $ 2bn debt remaining from the Soviet era to Serbia and Slovakia.
June 19, 2013
Croatia’s EU Accession as a Chance For Austria
Soon, there are more than 1,000 Austrian businesses operating in Croatia and the volume of trade is supposed to increase.
June 18, 2013
Austria: „Death Blow for Economy“
The Austrian Economic Association (Wirtschaftsbund) announced that the realization of all demands in the Austrian Trade Unions’ (ÖGB) leading proposal would come at € 21.9bn. The Austrian economy would be burdened with € 14bn.
June 17, 2013
Alpine’s Fate Hanging By A Thread
The fate of Austrian construction company Alpine is hanging by a thread. If negotiations fail Alpine has to face its ruin.
June 13, 2013
Czech President to Visit Austria
New President of the Czech Republic Milos Zeman is going to visit Austria with his wife Ivana Zemanova on Tuesday and Wednesday.
April 22, 2013
Estonia and Russia to Enhance Relations
At a meeting on April 5 in St. Petersburg, Estonian Prime Minister Andrus Ansip and his Russian counterpart Dmitry Medvedev focused on the chance of reinforcing cooperations.
April 9, 2013
Gazprom to Be Joined By Shell
Russian energy giant Gazprom and British-Dutch oil producer Shell announced cooperation.
April 9, 2013
Cyprus Airways Threatened With Bankruptcy
According to Cyprian newspaper Fileleftheros, Cyprus Airways is about to fold.
April 4, 2013
Poll: Estonians Want Economy Minister to Resign
56 % of Estonian citizens want the Economy Minister Parts to step down.
April 3, 2013
Romania: Ponta Endorses Regionalization
Regionalization, which is encompassed in the constitutional reforms, is supposed to help improve the administrative situation in Romania.
April 3, 2013
Ukraine Puts More Effort in New Infrastructure
“Financing and promotion of investment projects will give a fillip for the economic development of our country.”
March 14, 2013
Austrian Banks to Stay in Hungary
In the coming years, foreign banks will face a difficult market environment in Hungary. Nevertheless, Austrian banks want to maintain their position.
March 14, 2013
Turkey: Economic Imbalances Become More Visible
Unlike the Eurozone, Turkey´s economy still shows substantial growth rates. However, Turkey suffers from a number of structural weaknesses.
March 13, 2013
Hungary: Incoming National Economy Minister Summarizes Targets
Succeeding Minister of National Economy Mihály Varga outlined economic policy cornerstones
March 7, 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 Enlarges Railway Network
State Secretary on Foreign Relations Peter Szijjarto announced that MAV (Hungarian Railways) starts its biggest investment program since WWII.
February 28, 2013
EU Financial Framework: Romania Is a Clear Winner
In the financial period from 2014 to 2020, Romania would be able to receive EUR 39.2bn from the European Union.
February 23, 2013
Austria: Controversy About Property Taxes
According to Christian Keuschnigg, director of IHS, property taxes would have a negative impact on economic growth and the employment situation.
February 20, 2013
Vienna´s Position as CEE-Hub Is Endangered
The number of multinational companies which withdraw their sub-headquarters from Vienna is growing, experts say.
February 20, 2013
Austrian Business Location Still Popular
According to a survey carried out by ABA Invest Austria, Austria ranks third in Europe.
February 19, 2013
Despite Budget Cut: Poland Receives More Money
“This is one of the happiest days of my life.” Poland´s Prime Minister Donald Tusk said.
February 11, 2013
“Not Enough Support for Growth and Competitiveness“
Georg Kapsch, President of the Federation of Austrian Industries criticizes that the EU budget does not contain enough future investments.
February 9, 2013
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