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Vienna's Foreign and Bilateral Relations
Read the latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism between Austria and its partners
“Romania Can Never Become the China of Europe”
Stabilization in Central and Eastern Europe (CEE) is becoming stronger. However, the political crisis in Ukraine is causing a feeling of insecurity among the population.
May 15, 2014
Raids at Romanian Affiliate of VIG
A number of business locations of Omniasig, the Romanian affiliate of Austrian insurer VIG, were searched by the police. Several employees are accused of forgergy and abuse of authority.
May 14, 2014
Romania: Banca Transilvania Gives Shares to Employees
As part of the loyalty program, the Romania lender gave almost 10 million shares to its employees.
May 12, 2014
Croatia: Adris Grupa to Bid for Insurer Croatia Osiguranje
The Croatian financial regulator HANFA has approved Adris Grupa, the largest tobacco company on the Balkans, placing its bid to take over insurance company Croatia Osiguranje.
May 12, 2014
Swiss Telecoms Services Provider TalkEasy to Enter the Austrian Market
TalkEasy aims to target the unhappy customers of Telekom Austria, which recently raised its tariffs substantially.
May 12, 2014
World Bank Approves Health Loan to Croatia
The Croatian government will use the World Bank’s funds for a national health program.
May 9, 2014
Romania: Raiffeisen Bank Issues Unsecured Bonds
Raiffeisen announced plans of issuing unsecured bonds at the stock exchange in Bucharest with a nominal value of RON 500m (€ 112.8m) with a maturity of five years.
May 9, 2014
Telekom Austria: Considerable Losses in Croatia
Telekom Austria’s Croatian affiliate Vipnet saw a sharp decline in profits.
May 9, 2014
Bulgarian Mobile Affiliate of Telekom Austria Posts Loss in Profits
In the first quarter of 2014 revenues of Mobiltel, Bulgarian mobile operator and affiliate of Telekom Austria, dropped 6.4 percent year-on-year.
May 9, 2014
Poland: Banking Industry’s Profits Down
In the first quarter this year, the net profit of Polish banks came at PLN 3.97bn (€ 944m, down by 2.9 percent year-on-year, as reported by the Polish financial market regulator KNF.
May 9, 2014
Prime Minister Edi Rama: Albania’s European Renaissance
Edi Rama, Prime Minister of Albania since 2013 is going to address the Bruno Kreisky Forum in Vienna.
May 8, 2014
Vranitzky: Joining EU One of the Most Courageous Steps
A symposium showed the EU Accession process of Austria in the early 1990’s in a new light.
May 6, 2014
Agenda Austria 2020: Economy = State
The think tank Agenda Austria 2020 is currently tackling the question what the “economy expects from the state”.
May 5, 2014
Atrium European Real Estate Limited / Notice of First Quarter Results
Atrium European Real Estate Limited / Notice of First Quarter Results
May 2, 2014
Poland: Bank BZ WBK Expects High Growth of Profit
The Polish affiliate of Spanish Banco Santander, Bank BZ WBK, expects net profits in 2014 to increase compared to last year’s volume.
April 30, 2014
Austria: Industrial Production with Growth Potential
Austrian industry continues to grow - but somewhat less dynamically than at the turn of the year.
April 30, 2014
Atrium European Real Estate Limited / UPDATE ON BOND BUYBACK
Atrium European Real Estate Limited / UPDATE ON BOND BUYBACK
April 29, 2014
Serbia: New Government Taking Drastic Measures
New head of the Serbian government Aleksandar Vucic has ambitious plans to reform the state and restructure state finances.
April 28, 2014
Atrium European Real Estate Limited / Intention to hold AGM
Atrium European Real Estate Limited / Intention to hold AGM
April 28, 2014
Croatia Faces Radical Fisal Measures
The fiscal situation of the Balkan country and youngest EU member state is disastrous. The Croat government announced to introduce new taxes.
April 25, 2014
Atrium European Real Estate Limited / ATRIUM SELLS A LAND PLOT IN
TURKEY FOR EUR47M CONSIDERATION
Atrium European Real Estate Limited / ATRIUM SELLS A LAND PLOT IN TURKEY FOR EUR47M CONSIDERATION
April 24, 2014
Serbia: “Huge Challenges Ahead”
President Tomislav Nikolic appointed Aleksandar Vucic to form a new Serbian government.
April 23, 2014
Poland: Costs for Banking Services Rising Dramatically
The banking fees in Poland saw a dramatic increase in the second half last year.
April 23, 2014
Serbia: Key Rate Kept Unchanged.
The NBS (National Bank of Serbia) decided to keep the policy rate unchanged as there is no threat of inflation.
April 22, 2014
Poland: VAT Likely to be Reduced
As announced by Polish Finance Minister Mateusz Szczurek, the government plans on cutting the VAT rate to 22 percent in 2017.
April 22, 2014
Serbia: PM Nominated Next Week
The Serbian President will nominate the new Prime Minister on Tuesday, April 22.
April 18, 2014
Czech Republic: Interest on Mortgage Loans Dropped
Interest ratest on mortgage loans dropped to a record low to 2.93 percent last month.
April 18, 2014
Serbia: New Government Stands
Despite the absolute majority of his party SNS, Vucic could create a strategic alliance with the social democrats.
April 17, 2014
Poland: Budget Deficit Soaring
Last year the budget deficit amounted to 4.3 percent of GDP.
April 17, 2014
Immofinanz: Ownership Problems in Romania
According to a court decision Immofinanz has took over not legitimately acquired property in Transsylvania.
April 17, 2014
S&P Upgrades Polish Banking Sector
Rating agency Standard & Poor’s has upgraded the Polish banking sector from “negative” to “stable”.
April 16, 2014
Serbian New Government More Efficient and Modern
The presidency of the Serbian Progressive Party (SNS), which gained a landslide victory in the recent parliamentary elections, has decided to create a coalition with the Alliance of Vojvodina Hungarians (SVM).
April 15, 2014
Serbia: “Radical Measures” Needed to Tackle Grey Economy
Experts call for higher penalties to make tax evasion and gray economy less profitable and establish financial discipline.
April 14, 2014
“Bank Rescue is a Crime”
Martin Ehrenhauser, leading candidate of the Austrian electorial alliance “Europa Anders”, which is running for the EU elections, has voiced harsh criticism about the saving of financial institutes.
April 14, 2014
Poland: Number of Consumer Loans Increases
According to Polish credit bureau BIK, the number of granted consumer loans has reached a new record.
April 11, 2014
Vucic: “Not Afraid of Social Riots”
The future Prime Minister of Serbia underlined the necessity of reforms.
April 10, 2014
Poland: Key Rate Kept on Hold
The Monetary Policy Council of Poland has kept the key interest rate on hold since it ended easening in July last year.
April 10, 2014
Poland: NBP Posts No Profits
In 2013 the Polish National Bank (NBP) posted no profit.
April 10, 2014
Serbia: Vucic Rejects Single-Party Government
Aleksandar Vucic, leader of the Serbian Progressive Party (SNS) and future Prime Minister, said on Tuesday that his party does not intend to govern on its own.
April 9, 2014
Poland: BZ WBK to Take Over Santander Consumer Bank
Bank BZ WBK was given the go-ahead by the Financial Market Regulator KNF to acquire a 60 percent stake in retail bank Santander Consumer Bank (SCB) from their joint parent bank Banco Santander.
April 9, 2014
S IMMO AG: Letting success in Sofia
The first quarter of 2014 brought encouraging successes in letting for S IMMO AG in Sofia, one of the company’s most challenging markets.
April 9, 2014
Austria: Government Wants “Restrictive Budget Performance”
Today the Austrian government has decided upon a “restrictive budget performance.
April 8, 2014
Austria: Majority Does Not Trust Euro
Only 49 percent of Austrian citizens have faith in the Euro.
April 7, 2014
Serbia: Effective Measures for Economy
The Serbian Chamber of Commerce considers the measures for economic growth “a very big thing”.
April 7, 2014
Hungary: Clear Victory for Orban
Today, Hungary has held parliamentary elections. Despite controversial and radical reforms, Prime Minister Orban was confirmed.
April 6, 2014
Czech Economy Recovers Slowly
In 2013, the Czech GDP was down for the second consecutive year. This year, the Czech economy is expected to expand by 1.4%.
April 5, 2014
Hungary: Orban Faces Re-Election
Tomorrow, Sunday, Hungary holds national elections. Despite the difficult economic frame conditions in Hungary, the centre-right government is expected to be confirmed for the next four years.
April 5, 2014
Austria: Capital Increase for Hypo Group Decided
The Austrian problem bank Hypo Group Alpe Adria will receive € 750m in fresh capital.
April 4, 2014
VBAG: No State Aids in 2014
The restructuring of VBAG Group is supposed to be completed until 2017, as announced by the banking group. From currently 48 regional bank shops in Austria nine regional banks are supposed to remain.
April 3, 2014
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