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Latest Press Releases

October 2014

16.10.2014 – ZEW (mbo/ggr/jpr)

ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Economic Expectations Improve Slightly

In October 2014 economic expectations for Central and Eastern Europe including Turkey (CEE region) improve slightly. In the current survey the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has gained 3.7 points and reaches a level of 7.0 points. Among the individual countries the largest improvement is observed for the indicator for Poland which has increased by 19.7 points this month. read more

15.10.2014 – ZEW (mbo/ggr/jpr)

ZEW-CS Financial Market Test Switzerland - Economic expectations drop sharply

In October 2014 the economic expectations for Switzerland decline sharply by 23.0 points. Thereby the ZEW-CS Indicator slides down to a level of minus 30.7 points and reaches a two year low. read more

14.10.2014 – ZEW (jri/jpr)

ZEW Indicator of Economic Sentiment - Further Economic Slowdown Expected

The ZEW Indicator of Economic Sentiment for Germany drops by 10.5 points in October 2014 and now stands at minus 3.6 points (long-term average: 24.5 points). Decreasing for the tenth consecutive time, the index has returned to negative territory for the first time since November of 2012. read more

09.10.2014 – ZEW (ole/ggr/fkr/jpr)

China Economic Panel (CEP) by ZEW and Fudan University (Shanghai) - Economic Expectations for China Lose Ground

After some stabilization in the past three months, macroeconomic expectations for China have received a new setback according to the results of the China Economic Panel (CEP). The CEP Indicator, which reflects the assessments of international financial analysts regarding China’s macroeconomic outlook over the next twelve months, deteriorated by 17.1 points in the current survey period (September 15 to September 30, 2014). At its new level of 1.7 points, the index dropped below its long-term average of 14.9 points. At the same time, it moves close to the zero line, signaling that optimistic and pessimistic assessments within the sample of experts now balance each other. The current value is the lowest of the CEP Indicator since the survey began in mid-2013. read more

September 2014

29.09.2014 – ZEW (pse/srr/ggr/jpr)

Using ICT Goes Hand in Hand With Decreasing Energy Consumption

In OECD countries, the spreading of information and communication technologies (ICT) goes hand in hand with a reduction of energy consumption. Comparing the manufacturing and service sectors, it becomes apparent that in the manufacturing sector, using ICT is linked to falling energy consumption. By contrast, no such correlation could be established in the services sector. read more

29.09.2014 – ZEW (cfu/ggr/jpr)

Bank Stress Test in Europe – Equity Base Is Still too Small

Before taking over responsibility for banking supervision in the eurozone by the end of 2014, the European Central Bank (ECB) investigates the financial solidity of banks in a stress test. It is a much debated topic what measures against potential capital shortfalls the banks subjected to the stress test have already taken before the assessment begins. For a study dedicated to this concern, the Mannheim Centre for European Economic Research (ZEW) has compared bank balance sheets from the fiscal years of 2012 and 2013. read more

24.09.2014 – ZEW (mve/ggr/jpr)

Taxation of Multinationals - Country-by-Country Reporting not Suitable to Combat Aggressive Tax Planning

Multinationals are frequently criticised for using tax havens and loopholes in international tax law to lower their tax burdens. Introducing a country-by-country reporting is discussed as one possible countermeasure against this problem. It requires multinationals to disclose certain key figures such as revenues, earnings, expenses, profits, and tax payments for each country they operate in. However, aggressive tax planning of multinational corporations would hardly be affected by a country-by-country reporting. This is the finding of a current study conducted by the Centre for European Economic Research (ZEW) in Mannheim. In particular, introducing such a reporting would involve high costs without necessarily generating any benefit. read more

22.09.2014 – prognos/ZEW (mac/ggr/jpr)

ZEW/Prognos Survey on Transport Markets: Sentiment deteriorates considerably

The German transport sector will face a decrease in transport volumes as well as stagnating and in some transport branches even declining transport prices in the next six months. This applies especially to the land transportations to Eastern Europe, which are particularly affected by the Ukraine crisis. These are the primary findings of the Prognos/ZEW TransportmarktBarometer (Transport Market Barometer) in the third quarter of 2014. In this quarterly survey, Prognos AG, Basel, and the Centre for European Economic Research (ZEW) in Mannheim survey some 250 top executives from the transport and loading industry about their assessment regarding the development of transport markets and prices on a six-month horizon. read more

19.09.2014 – ZEW (ggr/jpr)

MaTax Kick-Off Conference – Researchers from Germany and Abroad Discussed a Sustainable Tax System at ZEW

The central issue of the Leibniz ScienceCampus “Mannheim Taxation” (MaTax) is the design of a sustainable tax system which can adapt to and meet future economical and societal challenges on the national, European, and global level. MaTax, a scientific cooperation between the Centre for European Economic Research (ZEW) and the University of Mannheim, formally started its work on April 1, 2014. Invitations to the first MaTax conference in Mannheim from September 17 to 18, 2014 were issued to researchers from Germany and abroad – about 80 of them decided to follow the invitation. read more

18.09.2014 – ZEW (ljr/ggr/jpr)

ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe (CEE) - Economic Expectations Decrease

In September 2014 economic expectations for Central and Eastern Europe including Turkey (CEE region) slightly decrease . In the current survey the ZEW-Erste Group Bank Economic Sentiment Indicator for the CEE region has lost 7.9 points and now stands at a rather balanced level of 3.3 points. The majority of 43.3 per cent of the survey participants does not expect any changes in the economic conditions of the CEE region over the next six months. The ZEW-Erste Group Bank Economic Sentiment Indicator for Central and Eastern Europe reflects the financial market experts' expectations for the CEE region on a six-month time horizon. The indicator has been compiled on a monthly basis together with further financial market data by the Centre for European Economic Research (ZEW) in Mannheim with the support of Erste Group Bank, Vienna, since 2007. read more


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