Forecasts

Wifo: Industry Performs Worse in Q2, 0.3-Percent GDP Hike Confirmed

Wirtschaftsforschungsinstitut (Wifo) confirmed its estimates for Q2 2016: the GDP rose less and the industrial segment performed worse. As expected (a month ago) the GDP rose by 0.3 percent q/q, while at the beginning of the year the GDP growth had been 0.4 percent q/q.

August 29, 2016

UniCredit Final Restructuring Program on Bank Austria's Retail Business

UniCredit announced a major step in its strategic plan execution, by launching a profound restructuring program on its Austrian retail business that will enable Bank Austria to develop its business in a sustainable way, while bringing down significantly its cost income ratio. The restructuring plan will allow to reduce by 2018 Bank Austria's overall costs by € 150mn per year on an ongoing basis on top of the Strategic Plan and with main focus on personnel expenses, leading to an overall cost decrease by almost € 300mn versus 2014 in order to ensure the business sustainability in the long-run.

December 15, 2015

OVAG to Merge With Another Bank?

A merger or collaboration of some sort with another bank may be in sight for Austrian bank group Osterreichische Volksbank AG (ÖVAG), Standard daily reports in its Tuesday issue. US investment bank Lazard is on lookout for offers.

September 9, 2014

OVAG Not to Pass the ECB Bank Stress Test

Austrian partially state-owned bank ÖVAG is not going to pass the ECB bank stress test insider sources claim, daily "Der Standard” reported in its Friday issue.

September 1, 2014

Voestalpine to Supply at Least 400k Tonnes of Special Iron to Altos Hornos de Mexico

Listed steel group voestalpine signed a contract for supplying of 400k tonnes of hot briquetted iron (HBI) with an option for another 250k tonnes from its Texas plant to Mexican steel producer Altos Hornos de Mexico, the company said in a statement.

August 21, 2014

Wienerberger Increases Capacity in the UK

Rising demand in the UK made it necessary for Wienerberger to initiated measures to increase its capacity. Around 200 million more bricks per annum will be produced by re-activating mothballed factories, investing in technology upgrades, adding shifts and new jobs throughout its UK operations, and importing from the continent. Earnings contribution from re-activated plants will be reflected in 2015 results

July 17, 2014

Czech Republic: CNB Demonstrates Optimism

The Czech National Bank has revised the economic outlook. Domestic demand remains is expected to remain weak.

February 7, 2014

Polish Economic Growth Boosted by Exports

Due to the growing exports, Poland´s GDP accelerated in the third quarter.

November 29, 2013

Austria: Consumers Become More Cautious

Weak consumption is the main reason for the stagnation in Austria.

November 19, 2013

Calculated Optimism in Slovenia

Slovenia´s Ministry of Economics expects a return to growth in the course of next year. According ot economists, this forecast is leading to doubt.

October 15, 2013