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Most Expensive Expatriate Cities: Vienna Moves Up to 54th Place Overall in the Index
For the 22nd year running, global HR consulting firm Mercer has published its annual Cost of Living Ranking that lists the costliest and cheapest destinations for expatriates. Asia hosts five of the world’s 10 most expensive cities for expatriates. Hong Kong is once again the world’s most expensive city for expatriates. Vienna moves up to 54th place from 56th place overall in the index. 209 countries have been surveyed. See the full index below.
July 22, 2016
Austrian Production Index Shrinks 0.6 Pct Y/Y in 2014
Austria's working day adjusted production index decreased by 2.6% in December, y/y it shrank by 0.6 percent.
February 25, 2015
Further Decrease of Inflation to 1.7% in August
The annual inflation rate of the consumer price index slowed down to 1.7% in August 2014 (July 1.8%).
September 17, 2014
Austria's Foreign Trade: Imports +1.0%, Exports +1.2% in H1 2014
According to preliminary results by Statistics Austria, total imports amounted to €64.62 bn and total exports amounted to €63.23 bn in the period January to June 2014.
September 5, 2014
Austria: Wholesale Price Index Down by -1.6% Y/Y
The index of wholesale prices (WPI 2010) amounted to 107.7 (preliminary value) in August 2014 and thus went down by 0.4% against July 2014. Compared to August 2013, the wholesale prices decreased by 1.6%.
September 5, 2014
Austria: Turnover of Service Enterprises Stable
In the first half of 2014, turnover of Austrian service enterprises increased by 1.0% compared to the same period in the year before. Turnover in trade decreased by 0.5% in nominal terms for the time period from January until June 2014. Taking inflation into account, sales in trade fell by 0.2%. Results were calculated by Statistics Austria, Short Term Statistics Trade and Services.
September 5, 2014
Austrian Industrial Producer Prices Down By 0.6%
The industrial producer price index, IPPI 2010, reached 103.0 points in June 2014, representing a price decrease of 0.6% compared to June 2013.
August 1, 2014
Austria: Decreasing Production Trends in Industry and Construction
62.295 enterprises (+1.3% compared to the previous year) in the entire industry and construction sector turned over a total of €80.2 bn (-0.1%) from January until April 2014, coupled with slightly decreasing employment (907 384 persons, -0.2%).
August 1, 2014
Negative Austrian Enterprise Creation Rate
In 2012, 24 077 new enterprises were created in Austria. At the same time, 24 920 enterprises closed, resulting in an enterprise closing rate of 6.1%.
July 29, 2014
Austrians Cautiously Observant
Despite economic recovery the Austrian citizens are still cautiously observant.
April 22, 2014
Poland: Budget Deficit Soaring
Last year the budget deficit amounted to 4.3 percent of GDP.
April 17, 2014
IMF Upgrades Growth for Slovenia
In its latest report the International Monetary Fund has raised its projection for GDP growth in Slovenia.
April 9, 2014
Slovenia: Considerably Fewer Building Permits Issued
Almost a quarter fewer building permits were issued in January in Slovenia.
March 21, 2014
Poland: “Further Gradual Improvement”
The recent tendencies point to accelerated economic growth rates.
March 3, 2014
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
Government Downplaying Effects of Hypo Group Desaster
Today, both Chancellor Werner Faymann and Finance Minister Michael Spindelegger had to explain their actions in regard to Hypo Group Alpe Adria in parliament.
February 17, 2014
Hypo Group: Bad Bank Active at Least 10 Years
Austria’s rating by Standard & Poor’s (“AA+”, stable outlook) is currently not compromised. Because of the establishing of the bad bank the debt rate will rise four to six percent.
February 12, 2014
Austria: Hypo Group Becomes Fiasco for Taxpayers
The most expensive solution for the winding up of troubled Hypo Group becomes imminent.
February 11, 2014
Poland: Economic Growth in 2013 above Expectations
GDP growth in Poland came at 1.6 percent year-on-year in 2013 which is 0.1 percent above expectations.
January 31, 2014
Prices for Houses in EU Dropped Slightly
1.5 percent decrease of house prices in European Union.
January 22, 2014
Poland: On Path of Recovery and Growth
The Polish economy has been growing steadily since the beginning of 2013. However, budget deficit slightly exceeded forecasts.
January 7, 2014
Czech Republic: Economic Sentiment Rises
As published by the Czech Statistical Office (CSU), the Czech economic sentiment indicator rose by one point to 5.5 points compared to November.
December 20, 2013
Czech Republic: Industrial Output Slowed Down
In October, the industrial performance in the Czech Republic only grew by 3.5 percent on a year-on-year comparison basis.
December 9, 2013
Austria: Inflation at Lowest Level in Three Years
Inflation rate in Austria decreased to 1.4 percent.
November 15, 2013
Eurozone: Inflation Continues to Decrease
Euro area annual inflation down to 0.7 percent.
November 4, 2013
Poland: T-Bonds not to Affect Budget Deficit
According to GUS, next year’s budget deficit will not be impaired by the transfer of treasury bonds and other assets.
October 28, 2013
Austria: Bank Aids Burden State Budget
Since the beginning of the financial crisis, Austria has lost billions of Euros.
October 22, 2013
Austria: State Debts Could Amount to 74.5 Percent of GDP
The statistical office of the European Union, Eurostat, raised doubts about the Austrian budget deficit and public debts because of the financial scandal of the government of the province of Salzburg.
October 21, 2013
Austria: Inflation Down to 1.7 Percent
In September the inflation rate dropped to 1.7 percent which is the lowest value since August 2010.
October 16, 2013
Bulgaria: Significant Increase in Exports to EU
Exports from Bulgaria to the European Union have increased by 6.6 percent.
October 10, 2013
Serbia: Minor Growth of GDP
Serbia's real GDP growth in second quarter of year stands at 0.2%
October 1, 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
Austria: Public Debt Increased to 74.0 Percent of GDP
Public finances 2012: public deficit at 2.5 percent, public debt at 74.0 percent of GDP.
September 30, 2013
Poland Trying to Eliminate Povery
The country plans on spending € 2bn in the combat against poverty.
September 19, 2013
Poland: Minor Slowdown in Industrial Production
On a year-on-year comparison basis, industrial output increased 2.2 percent in August while it declined 4.5 percent compared to July this year.
September 19, 2013
Eurozone: Moderate Decrease of Inflation
Euro area inflation was 1.3% in August, down from 1.6% in July
September 17, 2013
Austria: Inflation Rate on Lowest Level in Three Year
In August, food became significantly more expensive while the prices for fuel decreased 4.7 percent. The inflation rate dropped 1.8 percent.
September 16, 2013
Turkey: Industrial Turnover Index Grew 14.8 Percent
The statistical office of Turkey announced that the Industrial Turnover Index in July increased by 14.8 percent compared to the same month in 2012.
September 13, 2013
Eurozone: Industrial Production Decreased 1.5 Percent
Industrial production fell in fifteen EU member states.
September 13, 2013
Bulgaria: Annual Inflation of 2.9 Percent
Bulgaria's annual average inflation was 2.9 percent on a year-on-year comparison.
September 13, 2013
Turkey: Economic Growth Exceeds Forecasts
Turkey’s economy continues on its growth track for the 15th consecutive quarter.
September 12, 2013
Slovenian Exports Increased by 2.3 Percent
According to provisional data for the period from January to July 2013 compared to the same period of 2012 Slovenian exports increased by 2.3% while imports decreased by 0.1%; the export/import ratio was 97.6%.
September 10, 2013
Romania: Industrial Sales Increased 4.7 Percent in 2013
Romania’s industrial sales increased 4.7 percent in the first seven months.
September 9, 2013
Slovenia: Moderate Increase in Exports
Slovenian exports increased by 1.5% the first six months.
September 9, 2013
Romania: Fourth Largest Economic Growth in Q2
Eurostat:Romania reports 4th largest Q2, 2013 economic growth in the EU
September 5, 2013
Croatia: „Insufficient Move Towards the Positive Direction“
Croatia hopes its economy is moving in the "positive direction".
September 2, 2013
Eurozone: Unemployment at 12.1 Percent
A total number of 26.7 million persons in the European Union are unemployed, according to estimates by Eurostat, the statistical office of the European Union,
August 30, 2013
Austrian Economy Minister: “No Time for Idle Complacency”
Austrian Minister of Economics and former general secretary of the Austrian Chamber of Commerce (WKO), Reinhold Mitterlehner avoids any dispute with Christoph Leitl, President of WKO but signals a different opinion.
August 27, 2013
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