Sponsored Content
Unemployment
Bulgaria: FDI Inflow Shrinks Drastically
In the first eight months of 2013, foreign direct investments fell by more than 51%. Without impulses from foreign investors, the country will not return to growth.
October 21, 2013
Serbia Fights Against National Bankruptcy
The Serbian government has decided to implement a new austerity package. Above all, civil servants face substantial salary cuts.
October 9, 2013
Croatia: Domestic Consumption Remains Weak
In the next years, Croatia´s economic performance will mainly depend on external factors.
October 5, 2013
Czech Republic: Unemployment Stabilizes
Despite the unfavorable macro-economic frame conditions, the Czech labor market situation is stable. Employment rose by 0.8 percentage points.
October 2, 2013
Upward Trend in Poland´s Labor Market
The unemployment quota stabilizes at a high level. Poland´s economic outlook improves gradually.
October 1, 2013
Czech Republic: Working Poor Class Grows
In total, about one million Czechs fall into the category of employed poor. Their number is growing substantially.
September 28, 2013
Hungary: Official Unemployment Rate Below 10%
Hungary´s statistical office KSH has published the newest labor market data today. The real labor market conditions in Hungary are expected to be substantially worse.
September 27, 2013
Poland: Tusk Demonstrates Optimism
This year, Poland´s economic growth begins to accelerate. According to Prime Minister Donald Tusk, the growth rate will be higher than 1.5%.
September 4, 2013
Serbia: Moderate Upward Trend
In the first three months, Serbia´s GDP was up by 0.5%. However, domestic demand is still declining.
August 6, 2013
Croatia: Upwsing Depends on Return of Investors
Vedrana Jelusic, head of EBRD Croatia, thinks that Croatia benefits from the joining the EU. Introducing the euro is no issue yet, she told “Wirtschaftsblatt”.
August 3, 2013
Vienna: Industrial Sector Shrinks
The Viennese industrial sector faces hard times. Not only the number of workers, but also the order intake is decreasing substantially.
July 18, 2013
Poland: Economic Upswing not before 2014
Poland´s National Bank NBP expects that the country´s economic performance will not improve visibly this year.
July 16, 2013
Cyprus: 37.5 % Only The First Cut
Assets will be burdened much higher than assumed. Apart from the mandatory levy of 37.5 % a further amount of 22.5 % will be frozen in.
March 30, 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
Turkey: Economic Imbalances Become More Visible
Unlike the Eurozone, Turkey´s economy still shows substantial growth rates. However, Turkey suffers from a number of structural weaknesses.
March 13, 2013
Austrian Economy Recovers Cautiously
At the moment, Austria´s economy still stagnates. In the first quarter of 2013, the economic growth rate only comes at 0.1%, the Austrian National Bank says.
March 13, 2013
Czech Republic: GDP Decreasing by 2.1%
The gross domestic product adjusted for price, seasonal, and calendar effects decreased according to the refined estimate by 1.2% compared to 2011; the decrease was gradually deepening during the year.
March 11, 2013
Bulgaria: „Eagle’s Bridge“-Protests Start Today
Other meetings of protest representatives are taking place in Gabrov today to elect a committee for further negotiations with government.
March 9, 2013
Estonian Labor Market Records Promising Results
In the 4th quarter the number of job vacancies increased by four percent.
March 8, 2013
Poland: Government Retains Economic Forecast
Despite the economic slowdown, Poland´s Minister of Finance Jacek Rostowski demonstrates optimism.
March 5, 2013
Slovakia: Economy Stagnating
On February 22, the European Commission anounced its modifications concerning the annual prognosis of the eurozone’s economic outlook for 2013. While the majority of the countries are in recession, Slovakia’s economy is forecast to grow by 1.1 %
March 4, 2013
Romania: Labor Market Situation Improves Slightly
In January 2013, the seasonally adjusted unemployment rate was estimated at 6.6%, decreasing by 0.1 percentage point as compared to the previous month.
March 2, 2013
Latvia: Unemployment Shrinks Rapidly
Data of the Central Statistical Bureau show that the number of unemployed persons (aged 15-74) in 2012 has diminished by 11.1 thousand.
March 1, 2013
Czech Republic: Unemployment Grows Slightly
In January 2013, the general employment was up by 1.3 percentage points. The unemployment rate came at 7.0% in January.
March 1, 2013
Austria: Record High in People Unemployed
At the end of February, 404,006 persons were seeking for a job. Compared to January this means an increase of 5.3 % or further 16,337 people jobless.
March 1, 2013
Bulgaria: Economy to Stabilize
Despite the enormous political instability, Bulgaria is expected to record positive growth rates this year.
February 28, 2013
Hungary: Employment Moves Upwards
In November 2012–January 2013, the number of employed people was 3,855 thousand, 39 thousand more than a year ago.
February 27, 2013
Hungary: Unemployment Rate Unchanged
In November 2012–January 2013, the number of unemployed people was 486 thousand, the unemployment rate was 11.2%.
February 26, 2013
Bulgaria: Protests Continue in Sofia and Varna
Bulgarian political decisions are afflicted by extreme unpopularity as almost 60 % of the population suffers from immediate poverty. Riots continue in Sofia and Varna.
February 24, 2013
Latvia: Exports Remain Growth Driver
In 2013, the Baltic countries will remain the best performing economies in the EU. However, the growth will slow down a bit.
February 23, 2013
EU Commission: Austrian Growth Above EU Average
Unlike the Eurozone, Austria will record a positive growth rate this year. Within the EU, the situation is highly different.
February 22, 2013
Estonians Suffer from Unfavorable Working Conditions
According to a survey carried out by the daily newspaper Eesti Päevaleht, a considerably high number of Estonians want to leave the country. The situation in Lativa is almost the same.
February 18, 2013
Latvia: Workforce Grows Moderately
Results of the Labour Force Survey conducted by the Central Statistical Bureau show that, compared to the corresponding period of the previous year, the number of active population (aged 15-74), in the 4th quarter of 2012, has increased by 1.5%.
February 15, 2013
Decreasing Unemployment in Lithuania
In 2012, the unemployment rate in the country stood at 13.2 per cent.
February 15, 2013
Estonia: Unemployment Goes Down
According to Statistics Estonia, the unemployment rate was 10.2% in 2012 and 9.3% in the 4th quarter.
February 14, 2013
Labor Market One of Bulgaria´s Main Problems
The labour market remains among the key problems of the economy, although the increase of the indicator with respect to the values registered in the summer was lower than expected.
February 12, 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 Republic: Unemployment Grows Further
Among the new EU member countries, the Czech Republic has one of the lowest unemployment rates. However, the country cannot escape the trend.
February 8, 2013
Poland: Unemployment Quota Above 14%
In January, Poland´s unemployment quota came at 14.2%, the Polish Ministry of Labor says.
February 8, 2013
Croatia Fights Against High Unemployment
In order to reduce the number of jobless workers, Croatia´s government plans to invest € 60m in labor market measures.
February 4, 2013
Tusk: “First Months Will be Most Difficult”
Poland´s Prime Minister Donald Tusk explained that the Polish economy will recover in the second quarter of 2013.
February 4, 2013
Austria: Strong Decrease in Job Vacancies
56 900 job vacancies in the fourth quarter 2012, -22% compared with third quarter.
February 4, 2013
Hungarian Unemployment High, But Slight Downward Trend
Hungarian Ministry of Economics: “Unemployment up in the EU but trend continues down in Hungary.”
February 2, 2013
Czech Republic Returns to Growth Slowly
According to the Czech Ministry of Finance, the recovery will be only gradual. This year, GDP is expected to increase by 0.1%.
February 2, 2013
Hungary to Stagnate in 2013
The economic outlook for Hungary remains rather bleak. The country will not leave the recession behind this year.
February 2, 2013
Slovakia: Government Warns of Economic Slowdown
This year, Slovakia´s government expects lower growth rates than in 2012. Besides that, the austerity pressure is growing.
February 1, 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
Czech Unemployment Grows
The total employment in Q4 2012 increased by 31.1 thousand persons compared to the same period of 2011.
February 1, 2013
Poland: Opposition Criticizes Government´s Economic Policy Sharply
Opposition leader Jaroslaw Kaczynski says that the government does not fight against the economic slowdown.
January 31, 2013
Hungary: Unemployment Stagnates
In the 4th Quarter 2012, the number of unemployed people was 468 thousand resulting in an unemployment rate of 10.7%.
January 31, 2013
Fast News Search
