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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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