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Wages

Bad Outlook for Slovenia’s Economy

Slovenia receives bad marks in a report by the EU Commission. Together with Spain, Slovenia’s economy is endagered to collapse in case measures will not be made in the next few weeks.

April 11, 2013

Bulgaria: Labor Hour Costs Increased 5.1 % in Q4 2012

Preliminary data of NSI for the Fourth Quarter of 2012 indicated that the total hourly labour cost rose by 5.1% compared to the Fourth Quarter of 2011.

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

How Austrian Airlines Intends to Soar Again

In an interview with the Austrian newspaper Presse, Jaan Albrecht, head of Austrian Airlines explains why he had to carry out sudden drastic measures and what the future of the airline should look like.

March 29, 2013

Hungary: Economic Growth Only in 2014

The MNB, the National Bank of Hungary estimates economic growth to further stagnate in 2013 but forcasts positive devolopments for the next year.

March 29, 2013

Czech Republic: Disinflation Continues

Analysts expect Czech economy to grow by 1.7 % next year.

March 29, 2013

Hungary: Tax Overhaul Finalized

Minister for National Economy: taxation system completed - time for fine-tuning.

March 27, 2013

Austria: Tax Burden Lessens With Higher Income

According to an OECD study only three industrialized nations (Austria, Germany and Spain) show a degressive tax system.

March 26, 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

Croatia: Sluggish Economic Recovery

The improvement in the financing conditions in international financial markets in the second half of 2012 mitigated the risks to Croatias financial stability to an extent.

March 25, 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: Gross Earnings Increased Marginally

In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 2.5%, while net earnings excluding family tax benefits grew by 3.9% compared to 2011.

March 21, 2013

EVN to Start Arbitration Procedure

Today, Austrian power supply company EVN informed the state of Bulgaria about opening arbitration proceedings.

March 19, 2013

Serbia: Real Income Shrinks

Available budget and individual consumption of households in the Republic of Serbia, Preliminary data, 4th quarter 2012.

March 15, 2013

Slovak Unemployment Rate on the Rise

In January, compared with January 2012, the employment decreased in five surveyed sectors.

March 14, 2013

Latvia: Increase for Minimum Wages Turned Down

Prime Minister Valdis Dombrovskis explained that a raise of minimum wages to LVL 303 (€ 428) is not realizable at the moment.

March 12, 2013

Czech Republic: Average Wage Increased Due to Bonuses

In Q4 2012 the average gross monthly nominal wage per employee FTE in the entire national economy increased by 3.7% compared to the corresponding period of the previous 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

Romania: Average Earnings Down Substantially

In January 2013, the average gross nominal earnings were 2138 lei, by 8.7% lower than the one registered in December 2012.

March 7, 2013

Latvia: Moderate Growth in Income

During 2012 wages and salaries increased by LVL 17 or 3.7%.

March 1, 2013

Poland: Economic Slowdown Becomes More Visible

Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.

February 19, 2013

Wages: Austrian Firms Tend to Cautiousness

According to a survey carried out by the HR advisor Aon Hewitt, Austrian firms plan to reduce personnel costs.

February 13, 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

Polish Economy Grew by 2.0% Last Year

Today, the Polish Statistical Office has published the economic data for 2012.

January 30, 2013

Serbia: Industrial Production Shrinks

Industry turned downside, after funds under the government subsidy program were spent, Raiffeisen Research reports.

January 29, 2013

Hungary: Real Wages Declining Persistently

In the first eleven months of 2012, real wages of Hungarian workers was down by 3.5%.

January 26, 2013

Slovakia: Wages Growing Moderately

In November 2012, compared with November 2011, the average nominal monthly wage increased in most surveyed sectors.

January 11, 2013

Slovak Real Wages Declining

Average monthly wage of employee were up by 1.6% in the 3rd quarter of 2012. The Slovak inflation rate comes at 3.7%. As a result, real wages are shrinking.

December 6, 2012

Slovakia: Employment and Nominal Wages Growing

The highest wage increase was observed in the manufacturing and automotive industries. Employment was down in the construction sector and grew in the service sector.

October 12, 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

Bulgarian Economy to Recover

In 2013, Bulgaria is expected to show substantially higher growth rates, UniCredit Bulbank says.

September 24, 2012
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