Economy

Moody's has revised the outlook on the country's foreign currency rating to positive. BMI View: Slovakia's strong economic performance and progress on structural reform continues... 2004-07-02

Finance Minister Tibor Draskovics has once again ruled out plans for further cuts in government spending this year, following reductions worth some HUF120bn, or 0.6% of GDP, at the... 2004-07-02

The Czech Republic’s GDP growth dipped to 3.1% y-o-y in Q104, falling short of investor expectations of an increase to 3.3% y-o-y. BMI View: On a positive note, the momentum... 2004-07-02

The foreign trade deficit more than doubled in April to EUR638mn, compared to just EUR243mn in the same month in 2003. The April figure significantly overshot market expectations... 2004-07-02

Inflation statistics for May have raised concerns over price stability in Poland. The CPI climbed to 3.4% y-o-y, from 2.2% y-o-y in April. This latest figure corresponds to a two-year... 2004-07-02

The government has approved a public finance deficit target for 2005 in line with its aim of achieving by 2006 the fiscal criteria for adoption of the euro. BMI View: Although the... 2004-06-09

Following two consecutive months of monetary loosening, the central bank left interest rates on hold in May. BMI View: Although the monetary authority expressed satisfaction with... 2004-06-09

Despite doubts over fiscal reform, the economic situation in Poland is starting to improve. Economy Minister Jerzy Hausner estimates that GDP growth accelerated to 6.5% year-on-year... 2004-06-08

In line with the government’s fresh bid to rein in public finances, ministries’ budgets have been cut by an additional HUF13.7bn, on top of net spending cuts of... 2004-06-08

Despite recent signs that the domestic economy is starting to pick up, including strengthening consumer and business confidence, we would look for further evidence of a sustained... 2004-06-08