„Austria Grows Stronger than Expected“

According to the economic research institute Synthesis, Austria´s economic growth is higher than WIFO and IHS say. The employment situation would be too good.

December 13, 2012

Austria: Unemployment Grows

Increase in unemployment in the third quarter of 2012, number of employees also growing.

December 13, 2012

WIFO: South Europe Needs Change in Strategy

The Austrian Institute of Economic Research (WIFO) underlines that the austerity policy in South European countries did not help at all.

December 12, 2012

Czech Unemployment on the Rise

In November, the Czech unemployment quota reached 8.7% after 8.5% in the previous month.

December 10, 2012

Austria Faces Recession

Austria´s National Bank OeNB has revised the growth forecasts one more time. Next year, Austria´s economy will only grow by 0.5%.

December 7, 2012

Slovakia: Unemployment Grows

In the third quarter of 2012, the Slovak unemployment quota was up by 0.5 percentage points to 13.7%. At the same time, employment is growing substantially.

December 6, 2012

Austria: Remarkable Growth in Long-Term Unemployment

In November, the unemployment quota grew by 6.7%. Above all, time workers and social care workers are affected.

December 3, 2012

Unemployment Decreasing in Baltic Countries

Euro area unemployment rate at 11.7%. EU27 at 10.7%. Austria still records the lowest unemployment quota.

November 30, 2012

Hungary: Unemployment Remains Stable

In August–October 2012, the official number of unemployed people was 463 thousand resulting in an unemployment rate of 10.5%.

November 28, 2012

Poland: Unemployment Remains on High Level

The Polish government expects the unemployment quota to grow slightly.

November 27, 2012

OECD: CESEE Countries A Risk Factor for Austria

Next year, Austria´s economy will only show a growth rate of 0.8%. Unemployment is estimated to increase further. CESEE countries would lower the grow prospects for Austria, OECD says.

November 27, 2012

CESEE: Russia Has Best Growth Prospects

Next year, Russia is expected to record a GDP growth rate of 3.8%, Vienna Institute of International Economic Studies (wiiw) says.

November 26, 2012

Allianz: Austria´s Economic Position Improves

According to the German insurance group, the economic situation of ten out of 17 Eurozone member countries has worsened. Austria could make up one place.

November 26, 2012

Hungary: Real Wages Decline Remarkably

In 2012, real wages went down by 5.3%. This is mainly due to the persistently high inflation rate (6.6%).

November 22, 2012

Czech Republic: Unemployment Rate on the Rise Again

In October, the Czech unemployment rate came at 8.5%. The number of vacancies fell slightly.

November 8, 2012

Czech Unemployment Growing Slightly

In October, the Czech unemployment quota was up by 0.4 percentage points compared to the reference period of 2011.

November 3, 2012

Austrian Unemployment Quota Up by 7.5%

In October, more than 322,000 persons had no job. The number of trainees was up considerably.

November 2, 2012

Bulgaria´s Growth Rate to Reach 1.0% in 2012

Bulgaria´s economy performs worse than expected. Next year, economic growth will recover.

November 2, 2012

Unemployment: Austria Ranks First in EU

In September, the euro area unemployment rate came at 11.6%. The Baltic countries registered a substantial decrease in unemployment.

October 31, 2012

Hungary: Employment on the Rise

80 thousand more people in work in the third quarter than a year ago.

October 30, 2012

“Poland is Safe”

Despite the economic slowdown, the Polish Minister of Finance Jacek Rostowksi says that the country is safe from the economic crisis.

October 24, 2012

Austria Underlines Importance of Austerity Measures

“EU pact for growth and employment to fight high unemployment rates”: State Secretary Reinhold Lopatka at the General Affairs Council in Luxemburg.

October 17, 2012

Serbia´s National Bank Fights Against Inflation

Today, the Serbian National Bank raised the base rate from 10.50% to 10.75%. IMF has lowered the economic outlook for Serbia.

October 9, 2012

Bulgaria Records Lowest Wages in EU

Bulgaria´s GDP per capita only comes to 45% of the EU-average, Eurostat says.

October 8, 2012

Poland: Almost 2.0 Million Unemployed

In August, the unemployment quota grew to 12.5% from 12.4%.

October 8, 2012

Poland: Long-Term Unemployment Becomes Problematic for State Budget

According to the consulter Deloitte, Poland is losing billions because of the long-term unemployment.

October 6, 2012

CEE Countries Must Work Upon Economic Convergence

CEE countries are struggling with weaker external demand and uncertain consumers, whereas in most cases fiscal policy is under control. Labour productivity, costs and competitiveness of CEE region give reason for optimism.

October 5, 2012

Poland to Increase Flexibility of Labor Market

The Polish Ministry of Social Affairs prepares an “anti-crisis-package”.

October 3, 2012

Hungarian Unemployment Quota Down

In June–August 2012, the number of unemployed people was 456 thousand resulting in an unemployment rate of 10.4%.

October 1, 2012

Austrian Unemployment Continues to Grow

In September, the number of unemployed persons grew by 5% against September 2011. The Euro area unemployment rate came at 11.4%

October 1, 2012

WIFO: Economic Outlook for Austria Worsens

According to the Austrian economic research institute WIFO, the economic framework conditions indicate a further slowdown.

September 28, 2012

Stronach Founds New Party: „Historical Event“

The former CEO of the Canadian automotive group Magna has presented his new party “Team Stronach” today.

September 27, 2012

Dacic: „Reforms, Attracting Investments and Starting EU Integration“

The Serbia Prime Minister Ivica Dacic underlined that the government will implement reforms in order to stop the economic crisis.

September 26, 2012

Polish Real Income Declining

As the inflation rate is still higher than wage increase, Polish households face a shrinking income.

September 20, 2012

Record Low in Turkey´s Unemployment

Turkey records the lowest unemployment rate for eleven years. In June, 24.8 million workers were registered in Turkey.

September 19, 2012

Czech Unemployment Rate Remains Flat

In August, the Czech Republic´s unemployment quota came at 8.3%.

September 15, 2012

Austria: Rising Employment

More employees and more unemployed; fewer self-employed and the same number of job vacancies in the second quarter of 2012

September 13, 2012

Merkel and Faymann Reaffirm their Commitment to the Euro

The German Federal Chancellor Angela Merkel met her Austrian counterpart Werner Faymann and Vice Chancellor Michael Spindelegger in Vienna. It was Merkel´s first state visit in Austria since 2006.

September 8, 2012

Unemployment: Highest Payments for Austrians

According to the globalization fund, Austrian unemployed receive three times as much than the EU average.

September 7, 2012

Slovakia: Rising Unemployment Despite 2.8% GDP Growth

In the second quarter of 2012, Slovakia´s GDP moved up by 2.8%. The unemployment rate reached 13.6%.

September 6, 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

Further Increase in Unemployment

At the end of August 2012, 289,000 persons were looking for a job in Austria. At the same time, employment still grows.

September 3, 2012

Poland´s Central Bank Dissatisfied with GDP Growth

In the second quarter, Poland grew by 2.4% instead of 3.0%. The Polish Central Bank does not want to postpone quantitative easing measures any longer.

September 1, 2012

Austrian Unemployment Up, but Lowest in EU

In July, the Euro area unemployment rate came at 11.3%. Austria´s youth unemployment rate is the second-lowest.

August 31, 2012

Croatian Crisis Aggravates

For Croatia, the end of the severe recession is not foreseeable. Croatia´s real economy is hit hard, the financial sector suffers from bad loans.

August 31, 2012

Croatian Labor Market Crisis Deteriorates

Not only the unemployment rate is increasing. Croatia has the third-highest youth unemployment rate in Europe.

August 29, 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

Serbia: Rise in Poverty Expected

The economic crisis in Serbia sharpens. Millions of households are not able to repay their debts.

August 25, 2012

Poland: Unemployment Shrinks

In July, Poland´s unemployment rate was down by 0.1 percentage points, the Polish Central Statistical Office reported.

August 25, 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