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Service Industry

Austria: Unemployment Rate Rises Once Again

Once again the unemployment rate in Austria saw a significant rise. More than 440,000 persons were registered jobsless in February.

March 3, 2014

Austria: Inflation Drops Again

Inflation in Austria dropped to 1.5 percent in January due to the winter sales.

February 24, 2014

Eurozone: Highest Economic Growth in Two Years

The purchase manager index for the private economy increased to 53.2 points up by 1.1 points, as published by Markit research institute on Thursday.

January 23, 2014

Austria: Federation of Trade Unions Warns of Privatizations

The Austrian Federation of Trade Unions warns the Austrian state not to push through with further privatizations.

December 11, 2013

Austria: Slight Economic Growth

The Austrian Institute for Economic Research (Wifo) has forecast an increase of the macroeconomic production by 0.2 percent in real terms compared to the previous quarter.

November 14, 2013

Slovenia: Significant Decline in Business Confidence

Sentiment indicator lower than in the previous month In October 2013 (-13 percentage points) the sentiment indicator was 1 percentage point lower than in September 2013 (-12 percentage points).

October 28, 2013

Austrian Post: Enormous Growth Potential in Turkey

With a local partnership, the Vienna-listed Austrian Post wants to participate in the booming Turkish post market.

October 9, 2013

Austria Well Positioned in Global Economic Integration

According to a recent study by the Vienna Institute for Economic Studies (wiiw), Austria is well positioned in the global production and economic integration.

October 3, 2013

Eurozone: Inflation Drops to 1.1 Percent

According to first estimates by Eurostat, the Eurozone shows the lowest inflation rate in more than a year. Only twelve months ago the inflation rate was at 2.7 percent.

September 30, 2013

Romanians Not Satisfied with Wages

More than half of Romanian employees claim not to be paid enough for their work.

August 22, 2013

Eurozone: Strongest Growth Rates in Two Years

The Eurozone continues to recover. Businesses in industrial production and in the service sector increased to a new high in more than two years. However, growth in both sectors is still not enough for the creation of new jobs.

August 22, 2013

Slovenia: Economic Sentiment Stabilizes

This year, Slovenia will not be able to leave the recession behind. However, the economic sentiment begins to improve in some sectors.

August 5, 2013

Trend: Service Industry Drifts to CESEE

Lower costs in the service sector in CESEE countries, particularly Romania, are compensated by higher expenditures in securing quality standards.

July 30, 2013

Bulgaria: Signs of Economic Recovery

Bulgaria services sector marks the highest growth of FDI

July 26, 2013

Austria: Increased Demand in Romanian Exports

For the first time, Austria has imported goods from Romania exceeding the amount of € 1bn. Metals and machines are on top of the list of imported Austrian goods in Romania.

July 24, 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

Mitterlehner: „4,000 New Austrian Exporters Within Two Years“

Internationalization Offensive (IO) “go international” will be prologued until 2015. Economy Minister Mitterlehner and head of the Chamber of Commerce (WKO) Leitl present their main targets for Austrian export.

June 21, 2013

Romania: No Investors for Post Company

Debts and a collective agreement which makes restructuring impossible until 2018 are among the main reasons the company is not attractive to potential investors.

May 29, 2013

Austria: Biggest Investor in Serbia

Serbia encourages Austrian enterprises to further invest in Serbian industries.

May 16, 2013

Austria: Labor Restrictions for Croatian Citizens

The Austrian Foreign Ministry announced to use the maximum transitional period of seven years before Croatian citizens can enter the Austrian labor market.

May 15, 2013

US KFC And Pizza Hut Brands Officially Sold In Turkey

US Corporation Yum! Restaurants International, which is active in more than 125 countries, has officially acquired 65 KFC and 41 Pizza Hut restaurants in Turkey from Szer Group.

April 23, 2013

Post AG Affiliate to Expand in Croatia

Croatian affiliate of Austrian Post AG, Weber Escal & Post d.o.o., intends further expansion on the Croatian market.

April 17, 2013

Poland: Appealing BPO Location

Poland has been increasing its attractivity as a location for Business Process Outsourcing (BPO). This becomes evident by the numbers of personnel.

April 15, 2013

67 % of Estonians Work in Service Sector

According to the data of the 2011 Population and Housing Census (PHC 2011) of Statistics Estonia, 67% of persons employed in Estonia worked in service sector, 29% in industrial sector and only 4% in primary sector.

March 30, 2013

Romania: Positive Outlook on Economy for Next Months

For the months of March to May 2013, experts forecast economic growth of up to 35 % in some sectors.

March 29, 2013

Czech Republic: Highest Internet Retail Sales in 26 Months

Highest growth rates in internet retail and house order sales and IT/communication equipments.

March 14, 2013

Austria: Post Shows Solid Revenues

In 2012, Austrian Post generated € 123.2m and was therefore able to slightly increase the turnover. € 1.80 is being declared per share, which is a raise of € 0.10.

March 14, 2013

Hungary: GDP Fell by 2.7%

The gross domestic product of Hungary decreased by 2.7% in the fourth quarter of 2012 compared to the corresponding period of the previous year.

March 8, 2013

Romania: Slight Increase of GDP for 2012 at 0.1 % on Y/Y Comparison

Record decrease at 24.6 % in agriculture, industrial production better off with decrease of 2.4 %. The highest increase was recorded in IT and communication, services and health/social assistance.

March 6, 2013

Slovakia: Retail Trade Shrinks

The Slovak internal trade sector shows mixed results. Turnover in the wholesale segment was up, retail trade was down.

March 5, 2013

Estonia: Stable Growth in Retail Sales

According to Statistics Estonia, in January 2013 compared to January of the previous year, the retail sales of goods of retail trade enterprises increased 4% at constant prices.

March 4, 2013

Latvia: Retail Trade Turnover Grows Moderately

Last month, the turnover in the Latvian retail trade industry was up by 1.2%. Compared to January 2012, the turnover was up by 5.2%.

March 2, 2013

Romania: Moderate Growth in Manufacturing and Construction Industry

Trends in the evolution of economic activity during: February - April 2013.

March 1, 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

Bulgaria: Trade and Industrial Sectors Shrink

In November industrial production contracted at the same rate as in October (1.8%). The volume of output of manufacturing remained unchanged on an annual basis. The real-terms decline of domestic trade accelerated to 7.4% yoy.

February 11, 2013

Austria: Economic Sentiment on the Rise

The Austrian Institute of Economic Research (WIFO) underlines that the economic slowdown comes to a standstill.

February 8, 2013

Czech Service Industry Shrinks

In Q4 2012, seasonally adjusted sales in services decreased, quarter-on-quarter, at constant prices by 1.6%.

February 7, 2013

Baltic Countries: Strong Increase in Retail Trade

In the EU, the volume of retail trade was down by 0.6%. In Austria, turnover in the retail trade sector is decreasing in real terms.

February 5, 2013

Czech Republic: Retail Trade Shrinks

For the entire year 2012, sales in retail trade including the automotive segment decreased at constant prices by 1.1%, y-o-y.

February 5, 2013

Slovakia: Economic Sentiment Improves Slightly

Hard data point to a weakening of activity in the fourth quarter, but an improvement in the assessment of production expectations in industry indicates an improved outlook for 2013.

February 4, 2013

Austria Records Highest Unemployment of All Times

With 410,000 job-seekers, unemployment has never been higher. Nevertheless, Austria has the lowest unemployment quota in the EU.

February 1, 2013

Hungary: Retail Trade Shrinks Significantly

The volume of sales in retail trade decreased by 4.1% in November.

January 25, 2013

Slovakia: Turnover Development Positive

Today, the Slovak Statistical Office has published the turnover figures in selected sectors of economy in November 2012.

January 12, 2013

Czech Republic: Retail Trade Sector Declines

In November, sales in retail trade including the automotive segment after seasonal adjustment decreased by 0.6% at constant prices, month-on-month, and working days adjusted by 3.5%, y-o-y.

January 11, 2013

Retail Trade: Sharp Decrease in Slovenia and Bulgaria

Volume of retail trade up by 0.1% in euro area in November 2012 compared with October 2012.

January 8, 2013

Slovakia: Turnover in Internal Trade Decreases

The Development in November 2012 compared with October 2012 was negative. In the first eleven months, the turnover figures showed moderate growth rates on average.

January 8, 2013

Czech Republic: Overall Confidence in Economy on the Rise

Overall confidence in domestic economy increased in December. The composite confidence indicator (economic sentiment indicator) increased by 1.1 points compared to November.

December 27, 2012

Czech Republic: Overall confidence in economy decreased

The composite confidence indicator (economic sentiment indicator) decreased by 1.7 points compared to October.

November 26, 2012

Austria: Services and Tourism Contribute to Increase in Trade Surplus

Austria's trade surplus doubled in the first half of the year to € 3.5bn, despite a fall in goods traffic.

November 13, 2012

Slovakia: Internal Trade Growing Moderately

The Slovakian retail trade sector is shrinking. The wholesale turnover was up by 2.2%

November 7, 2012