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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

Romania: Government Loans Declined 1.2 Percent

Romanian Government loans granted by credit institutions declined by 1.2 percent.

August 27, 2013

Slovenia: Decrease of Net Electricity

In the seven months of 2013, Slovenia's total consumption of electricity decreased for less than 1% over the same period one year ago.

August 27, 2013

Eurozone: Minor Increase in Construction Production

In the construction sector, seasonally adjusted production rose by 0.7% in the euro area (EA17) and by 0.8% in the EU27 in June 2013, compared with the previous month, according to first estimates released by Eurostat.

August 20, 2013

Austria: Construction Costs to Decrease Slightly

Construction cost index for residential buildings increased by 1.8 percent in July 2013.

August 16, 2013

Austria: Minor Decrease of Inflation Rate

Slight easening of inflation in Austria: Thanks to cheaper fuels and a lower upward trend in prices for food, the inflation rate in Austria decreased from 2.2 percent to 2.0 percent in July.

August 16, 2013

Czech Republic to Crawl out of Recession

In the second quarter the Czech economy grew by 0.7 percent compared to the first quarter.

August 15, 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

Eurozone: GDP Grew Slightly

Euro area and EU27 GDP both up by 0.3% -0.7% and -0.2% respectively compared with the second quarter of 2012.

August 14, 2013

Wifo: Minor Growth in Second Quarter 2013

According to a current flash estimate by the Austrian Institute of Economic Research (Wifo), the Austrian economy grew by 0.2 percent in real terms in the second quarter of 2013 compared to the previous period.

August 14, 2013

Eurozone: Minor Growth in Industrial Production

Industrial production up by 0.7% in euro area. Up by 0.9% in EU27.

August 14, 2013

Industrial Production Rose in Romania and Greece

In June 2013 compared with May 2013, seasonally adjusted industrial production grew by 0.7% in the euro area (EA17) and by 0.9% in the EU27, according to estimates released by Eurostat, the statistical office of the European Union.

August 13, 2013

Austria: Significant Drop in Trade Deficit

A drop of 3.2 percent in imports and an increase of 1.1 percent in exports from January to May 2013 make the trade deficit decrease by more than € 2bn.

August 9, 2013

Austrian Unemployment Rate Still Lowest in EU

EU27 unemployment rate at 10.9%.

August 1, 2013

Significant Increase in Serbian Exports

Serbia's exports rose 6% and imports 4.1%.

August 1, 2013

Eurozone: Inflation Remains Stable

Flash estimates show the Euro area annual inflation is stable at 1.6 percent.

August 1, 2013

Eurozone: Business Investments Decreased to 18.8 Percent

Business investment rate down to 18.8% in the euro area and to 18.3% in the EU27 Business profit share at 37.7% and at 37.2% respectively

July 31, 2013

Eurozone: Household Real Income Increased 0.5 percent

Household saving rate up to 13.1% in the euro area and to 11.0% in the EU27 Household real income per capita increased by 0.5% in the euro area

July 31, 2013

Poland: Foreign Trade Deficit Grows Substantially

Poland's final 2012 trade deficit comes at € 10.584 bn, according to statistics office.

July 30, 2013

Austrian Public Debt to Rise Further

Quarterly government debt first quarter 2013: € 231.6bn or 74.2 % of GDP.

June 28, 2013

WIIW: FDI in CESEE to Decline

The Vienna Institute for Economic Studies (WIIW) forecasts a decrease of 20 percent in foreign direct investments.

June 7, 2013

Positive Development in Austrian Winter Tourism

Current tourism winter season 2012/13: overnights rise by 5.3%

April 25, 2013

Poland: Favorable Forecast Despite of Recession in 2013

Poland’s economy is the biggest among the younger member states and continues to grow even with the current recession.

April 17, 2013

Austria: Significant Increase in Exports

Imports Increased by 0.3 %. Exports Increased by 7.1 %. According to preliminary results by Statistics Austria, total imports amounted to € 10.31 bn and total exports amounted to € 9.96 bn in January 2013.

April 10, 2013

Czech Republic: Exports and Imports Decreased Considerably

In February 2013, according to preliminary data of ‘cross−border statistics’, exports and imports at current prices fell by 3.6% and 4.4%, year-on-year (y−o−y), respectively.

April 9, 2013

EU: Inflation decreased by 1.7 %

Euro area annual inflation down to 1.7%

April 3, 2013

Slovakia: Industrial Production Increases by 4.1 %

Production still driven by the automotive industry. Industrial production in January 2013 increased month-on-month by 4.1%.

April 3, 2013

Hungary: Public Deficit Amounted to HUF 166.6bn in Q4/2012

The deficit of the general government sector was HUF 566.7 billion in 2012, 2.0% of GDP according to data reported to the EU on 29 March 2013 under the Excessive Deficit Procedure (EDP).

April 3, 2013

Austria: Lowest Unemployment Rate

Euro area unemployment rate at 12.0%, EU27 at 10.9%

April 3, 2013

2012: Significant Increase in Austrian Construction Industry

According to the latest data issued by Statistik Austria, the construction industry has increased its output significantly in 2012.

April 2, 2013

Hungary: Marginal Increase in Employment Rate

In light of the flash report by the Hungarian Central Statistical Office (KSH) released on March 28, a positive trend regarding employment – a priority area for the Government – becomes evident.

April 2, 2013

Serbia: GDP Decreased by 1.7 % in 2012

Based on data released by the Statistical Office, GDP fell by 1.7% in 2012. Broken down by quarter, real y-o-y GDP fell by 2.7% in Q1, 0.3% in Q2, 2.1% in Q3 and 2.0% in Q4.

March 30, 2013

Austria: Budget Deficit in 2012 Lower Than Expected

The country has reached a significantly lower deficit than the government had expected. According to Statistik Austria, the deficit was at 2.5 % of GDP in 2011, equaling € 7.7bn.

March 28, 2013

Austria Ranks 4th in Labor Productivity.

According to a study carried out by Eurostat, Austria is among the Top 5 of the most productive countries in the EU. In the last 20 years, the country was able to increase labor productivity by 36.5 %.

March 25, 2013

Austrians Poorer Than Italians or Spaniards?

According to a study carried out by the German Central Bank (Bundesbank) assets of private households in Austria is less than in Italy or Spain.

March 22, 2013

Vienna: One of the Most Innovative Cities

According to a ranking by the Australian agency 2thinknow, Vienna is the most innovative city in Europe and scored 3rd place in the cities worldwide, succeeding Boston and New York.

March 22, 2013

Part-Time Jobs Increase While Full-Time Jobs Are Axed

Figures in the labor market were not very satisfying due to the economy being affected by the crisis. The unemployment rate in Austria increased in 2012 more rapidly than in 2011, according to international calculations.

March 21, 2013

Vienna Among Top 10 of Strong Economic Regions

According to statistics, which were published by Eurostat on Thursday, Vienna is among the Top 10 of the economically strongest regions in Europe again.

March 21, 2013

Slight Improvement for Austria’s Economy in 2013/14

IHS (Institute of Advanced Studies) and Wifo (Austrian Institute of Economic Research) forecast a sluggish growth for Austrian’s economy.

March 21, 2013

Hungary: Construction Industry Suffers From Decline

Year-on-year, construction output decreased by 4.1% in January 2013 according to both unadjusted and working day adjusted indices. Output went down by a seasonally adjusted 1.5% month-on-month.

March 18, 2013

Austrian Hourly Labor Costs Rise Significantly

First quarter 2012 compared with first quarter 2011: Euro area hourly labour costs rose by 2.0%.

June 14, 2012

Austrian Inflation Rate Remains Above 2.0%

Slight decrease of consumer price inflation to 2.3% in April 2012.

May 16, 2012

Slight Decline in Inflation Rate

The Austrian Consumer Price Inflation declined to +2.6% in February 2012.

March 14, 2012

Slight Decrease in Inflation

Decline in Austrian Consumer Price Inflation to +3.0% in January 2012.

February 29, 2012

Austrian Production Expanded in 2011

Production index declines in December 2011 (–3.1%); annual average 2011 positive (+5.6%).

February 25, 2012

Austrian Inflation Decreases to 3.4%

Consumer Price Inflation decreased to +3.4% in October 2011. The main draivers are lodging and energy prices.

November 16, 2011

Small Increase in Construction Costs

Austrian Construction costs increased by 1.8% in October 2011 compared to the previous year.

November 15, 2011

Stable Electricity Consumption of Austrian Households

2003–2010: Overall electricity consumption of private households rose by 3%; highest consumption in one-person households and privately owned houses.

November 14, 2011

Imports Grow Stronger Than Exports

According to preliminary results by Statistics Austria, total imports amounted to €85.39 bn and total exports amounted to € 80.08bn in the period January to August 2011.

November 8, 2011

Wholesale Prices Still on the Rise

Austrian wholesale price index in October 2011: +6.2% against October 2010.

November 7, 2011
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