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Economic Sentiment in Slovakia Moves Downwards

Results of business survey and economic sentiment indicator in January 2013.

January 30, 2013

Erste Bank Savings and Credit Outlook: Austrians Only Cautiously Optimistic

Austrians: only one third expect an improvement in Europe's economic situation this year

January 25, 2013

Business Cycle Survey: Czech Overall Confidence Decreases

Overall confidence in domestic economy decreased slightly in January. The composite confidence indicator (economic sentiment indicator) decreased by 0.3 points compared to December.

January 24, 2013

Most Czechs Are Pessimistic

A clear majority of the Czech citizens expects that their individual financial situation will deteriorate this year.

January 21, 2013

Citizens in CESEE Countries Tend to Pessimism

According to a survey carried out by the opinion research institute, pessimism in the countries of central, east and southeast Europe persists.

January 16, 2013

Austrian Property Market Becomes Even More Attractive

According to a survey carried out by the business advisor Ernst & Young, about 90% of the interviewees think that Austria´s real estate market is attractive.

January 15, 2013

Austrians Expect Shrinking Purchasing Power

According to a survey carried out by the opinion research institute Spectra Marktforschung, more than 40% of the Austrians expect that the purchasing power will decrease this year.

January 11, 2013

Generali: Purchasing Power in Austria Grows

The insurance group underlines that more Austrians enjoy an increase in purchasing power.

December 27, 2012

Slovakia: Economic Outlook Worsens

The results of business survey and economic sentiment indicator for Slovakia were negative in December 2012.

December 27, 2012

Survey: More and More Austrians Affected by Financial Crisis

Compared to 2010, the number of Austrian citizens who see themselves affected by the current financial crisis grew by 50%.

December 5, 2012

Ukraine: “Stability of Currency Not Endangered”

Ukrainian businessmen are confident in the stability of hryvnia, the Ukrainian National Bank says.

November 28, 2012

Slovakia: Pessismism Grows Again

The Slovak Statistical Office published the results of business survey and economic sentiment indicator in November 2012. The economic sentiment confidence indicator has reached the lowest level since December 2008.

November 28, 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

Bulgarian Industrial Sector to Expand

Next year, Bulgaria´s industry is expected to record an increase in investments of 27%.

November 17, 2012

Positive Business Outlook in Ukraine

Results of the Business Outlook Survey in Q3 2012: Unlike managers in Western Europe, Ukrainian managers give a positive assessment of the business activity in the near future.

November 7, 2012

CESEE: Business Climate Deteriorates

According to OeKB (Austrian Clearing Bank), the economic sentiment in Southeastern Europe is declining. Poland remains the growth engine.

November 7, 2012

Consumer Confidence Declining

In Hungary and Bulgaria, the economic sentiment is declining.

November 6, 2012

Austrian Managers Lose Confidence in EU

Only a third of the Austrian managers believes that the problem in the Eurozone can be solved.

October 29, 2012

Saving in CEE Becomes More Important

Poles and Slovaks are CEE's savings champions, putting aside 15% resp. 12% of their monthly income. Austrians, Germans and Czechs follow suit with 9%.

October 29, 2012

Czech Republic: Economic Sentiment on the Rise

According to recent surveys, confidence in the Czech Republic is increasing slightly.

October 25, 2012

Czech Banking Sector to Sharpen Lending Conditions

For corporate and housing loans, lending conditions were tightened in the third quarter of 2012.

October 23, 2012

Austrian Industry: Downward Trend Continues

According to IV (Federation of Austrian Industries), the industrial production is stagnating. A trend reversal is not foreseeable. Pessismism is growing and unemployment will grow substantially.

October 22, 2012

Austrian Business Location Becomes Less Attractive

The economic sentiment of U.S. companies operating in Austria is decreasing. The high non-wage labor costs are Austria´s biggest problem.

October 17, 2012

Austria: Pessimism on the Rise

Regarding the economic development, Austrians expect that the downward trend will continue.

October 13, 2012

Austria: Saving Popular Despite Negative Real Interest Rate

Trend clearly points to short-term investments: People feel it is important to have their money available in case of a change in the investment situation. 54 per cent save less than € 100 per month, 7 per cent more than € 500.

October 12, 2012

Hungarians Highly Dissatisfied with Economic Situation

According to a survey of the opinion research institute, 46% of the interviewees view their situation as “bad”.

October 9, 2012

Austria Shows Growing Inequality in Wealth Distribution

According to a study of OeNB (Austrian National Bank), the 3,77 million Austrian households have assets of € 265,033 on average. Median assets reach € 76,445.

October 2, 2012

Slovak Business Atmosphere Aggravates

Results of business survey and economic sentiment indicator in September 2012: mood in the Slovak economy worsens for the fourth time in a row.

October 1, 2012

Orders Down for Austrian industry

Sharpest decline in orders since the middle of 2009 results in a significant reduction in production – job losses in industry pick up pace in September. Contraction in industry weakens overall economy: modest decline in GDP likely for the third quarter.

September 28, 2012

Latvian Government Intends to Join the Eurozone in 2014

Despite the skeptical citizens of Latvia and the crisis in the Eurozone, the Latvian government wants to introduce the euro in 2014.

September 26, 2012

Austrians Show Lack in Financial Knowledge

Almost two-thirds of Austrians believe they have knowledge gaps. 54% think that what is taught at school about money is not enough.

September 20, 2012

Austrian Companies Expect Stricter Lending Conditions

Credit costs will increase in the coming years, a significant majority of Austrian managers says. As a result, the equity quota of Austrian small and medium-sized enterprises (SME) is growing.

September 17, 2012

Austria: Business Atmosphere Aggravates

According to the Austrian Association of Creditors (KSV), domestic enterprises demonstrate skepticism regarding the economic development.

September 11, 2012

Austrian Enterprises Complain About High Costs of Corruption

According to a study by Transparency International, about 20% of the interviewed enterprises feel affected by corruption.

September 10, 2012

Austrian Real Wage Growth 1.1% in 2013

According to the management consultancy firm Aon-Hewitt, the wage growth will come at 3.3% in Austria. Real wage growth will be slightly above the average.

September 10, 2012

Latvia: Majority Rejects Euro

According to a opinion poll by “Latvijas fakit”, 59% of the Latvians does not want to join the Eurozone.

September 5, 2012

Poland Adapts Austerity Targets

Due to the economic crisis in Europe, the Polish government gives up its aim to reach a budget deficit below 2.2% of GDP.

September 5, 2012

Downward Trend in Austrian Industrial Sector Accelerates

Due to the crisis in the Eurozone, the downward trend in Austria accelerates.

September 3, 2012

Weak Demand Slows Austrian Industry

Bank Austria's Purchasing Managers' Index drops in August to lowest reading since mid-2009. A growth horizon is no longer in sight. In Austria, a substantial fall in order was observed.

August 30, 2012

Serbians Push Government for Reforms

The support for an EU membership has fallen below 50%. However, more Serbians call for economic and social reforms.

August 27, 2012

Austrian Middle Class Demonstrates Optimism

According to a recent study, Austria´s middle sized firms expect a positive future. The willingness to invest is growing.

August 25, 2012

Majority of Poles Against Joining Eurozone

About 58% of the Polish citiczens are against the introduction of the euro, TNS Polska reports. Only 12% think that joining the Eurozone would be good for Poland´s economy.

August 24, 2012

Economic Crisis: Croatians are Pessimistic

According to the Croatian website politika plus, 84% of the Croatians believe that the current economic crisis will sharpen further.

August 24, 2012

Austrians Tend to Save Less

Erste Bank 2nd Quarter Savings and Credit Forecast: Half of Austrians expect an economic upswing within the next two years. The average savings amount drops further to € 4,617.

August 7, 2012

Staff Efficiency: CESEE Catches Up

Regarding staff efficience, Eastern Europe has reached almost the West European level.

July 21, 2012

Austrians Highly Care About Retirement Provision

Austrians highly appreciate the security and stability of their own country and this is also reflected in their approach to financial matters and retirement provisioning.

June 8, 2012

Life Quality: Austria in the Upper Middle Field

Austria´s position in the “Better Life Index” is in the upper middle field. The work-life balance and the education are seen as weaknesses.

May 22, 2012

Savings Books More Popular than Building Saving

After the cut in the bonus for building savings, savings books are more popular again in Austria.

May 14, 2012

Improved Business Atmosphere in CESEE Region

According to a survey by OeKB (Oesterreichische Kontrollbank), expectations of investors are beyond the level of January. Austrian exports to the CESEE region may increase.

May 4, 2012

Slight Optimism in Austrian Industrial Sector

For the Federation of Austrian Industries (IV), the stagnation is conquered. Industrial production and employment is growing despite unfavorable macro-economic data.

April 28, 2012
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