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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
Slovenia: Recession Goes On
In the second quarter, Slovenia´s GDP was down by 1.7% year on year. This year, Slovenia´s GDP will fall by 3.0%, economists say.
September 2, 2013
Hungary: Another Base Rate Cut
Hungary´s National Bank (MNB) has cut the base rate from 4.00% to 3.80%. This is a new record low. Nevertheless, MNB was expected to decide a lower cut.
August 31, 2013
Poland: Economy Begins to Accelerate
In the third quarter of 2013, Poland´s economy will grow by 1.0% year on year.
August 31, 2013
Czech Republic: GDP to Shrink Further
The Czech Republic will not leave the recession behind soon. The economic forecasts had to be revised again.
August 31, 2013
Uher: “Banking Union in Eurozone Great Danger“
Thomas Uher, member of the board of directors at Erste Bank, warns of a banking union that is only limited to the Eurozone.
August 30, 2013
Atrium European Real Estate Limited / Publication of an Announcement after art. 93 BörseG with the objective of Europe-web publication
Atrium European Real Estate Limited / Publication of an Announcement after art. 93 BörseG with the objective of Europe-web publication
August 30, 2013
Eurozone: Unemployment at 12.1 Percent
A total number of 26.7 million persons in the European Union are unemployed, according to estimates by Eurostat, the statistical office of the European Union,
August 30, 2013
Spar: Growth Plans In Czech Republic
Retailer Spar has lost a total of € 130m in the past eight years in the Czech Republic. Despite of that, the trade chain has plans of expansion. Particularly the network of frachise stores is supposed to grow.
August 30, 2013
Mersch: Banking Supervisory Could Be Delayed
At the Forum Alpbach Yves Mersch, member of the ECB’s (European Central Bank) executive board, presented himself sceptical about whether or not a punktual start of a uniform European banking supervision could take place.
August 29, 2013
Hypo Alpe Adria Threatened with Losses of up to € 3.5bn
According to the restructuring plan and in a worst case scenario, even more losses could amount than in the past five years together. Reports by the media say, this year alone figures never seen before could pile up.
August 29, 2013
ATRIUM EUROPEAN REAL ESTATE COMPLETES THE EUR151.7 MILLION ACQUISITION OF GALERIA DOMINIKANSKA IN WROCLAW, POLAND
ATRIUM EUROPEAN REAL ESTATE COMPLETES THE EUR151.7 MILLION ACQUISITION OF GALERIA DOMINIKANSKA IN WROCLAW, POLAND
August 29, 2013
EU Commissioner Sees First Signs of Economic Turn-Around
EU Commissioner for Economic and Monetary Affairs Olli Rehn can see the first signs of an economic turn-around in the European Union.
August 29, 2013
Poland: Opposition to Gain Support
The percentage of support for leading centrist Civic Platform (PO) under the lead by Prime Minister Donald Tusk dropped to 22 percent in late August.
August 28, 2013
Czech Republic: Early Elections on Their Way
On Wednesday Czech President Milos Zeman has signed the dissolution of the House of Representatives.
August 28, 2013
Austria: Hypo Group in “Crisis Mode“
According to Austrian daily “Standard“, there are daily reports about Hypo Group being forwarded to the Austrian National Bank (OeNB).
August 28, 2013
Austrian Economy Minister: “No Time for Idle Complacency”
Austrian Minister of Economics and former general secretary of the Austrian Chamber of Commerce (WKO), Reinhold Mitterlehner avoids any dispute with Christoph Leitl, President of WKO but signals a different opinion.
August 27, 2013
Romania: Government Loans Declined 1.2 Percent
Romanian Government loans granted by credit institutions declined by 1.2 percent.
August 27, 2013
Austria: First Chancellor’s Duel
Chancellor Werner Faymann (SPÖ) and Deputy Chancellor Michael Spindelegger (ÖVP) had their first official chancellor’s duel on TV on Monday. However, people waiting for a major dispute had been disppointed.
August 27, 2013
Poland: Tusk Remains Leader of Civic Platform
With almost 80 percent of votes Prime Minister Tusk wins elections for Civic Platform’s (PO) party leader.
August 26, 2013
Czech Republic: Klaus Reconsiders Returning to Politics
On Saturday, August 24, former Czech President Vaclav Klaus told Czech Television (CT) he is “seriously considering” returning to politics.
August 26, 2013
Czech Republic: Early Vote No Danger for Sovereign Debt Rating
The current instable political situation is no significant risk factor for the Czech rating yet, the U.S. rating agency Fitch says.
August 25, 2013
Fitch Cuts Outlook for Poland
Due to the change in Poland´s fiscal policy, the U.S. rating agency lowers the rating outlook for Poland from „positive“ to „stable“.
August 25, 2013
Turkey: Overall Dissatisfaction Grows
A new poll carried out by Gallup shows that about a third of the Turks feel themselves suffering from an economic point of view.
August 25, 2013
Russian National Bank Underlines Stability of Ruble
Russian National Bank emphasizes that the Russian ruble will not devalue.
August 24, 2013
Russia: GDP to Increase without Economic Growth
Russia will change its GDP account practice. Foreign investors will benefit from the new standards, head of Rosstat says.
August 24, 2013
Czech Republic: SME Suffer from Credit Crunch
The recession in the Czech Republic is mainly due to the restrictive lending policy of the domestic banking sector.
August 24, 2013
Turkey: Capital Outflow Endangers Economic Stability
The monetary and economic stability is under enormous pressure. Turkey´s National Bank does not have sufficient reserve to support the Turkish lira.
August 24, 2013
Schwarzenberg Criticizes Spindelegger
The former Czech Minister of Foreign Affairs Karel Schwarzenberg thinks that Austria´s Foreign Minister Michael Spindelegger mainly focuses on domestic politics. The CEE region should co-operate closer in future, he claims.
August 24, 2013
Ukraine: Net Profits of Banking Sector Almost UAH 2bn
Ukrainian banking sector reports a sustained increase in the income and net profit.
August 23, 2013
Austria: Leitl Reiterates Criticizm
State Secretary Schieder considers Leitl’s statements “totally out of place”.
August 23, 2013
Atrium European Real Estate Limited / Half Yearly Report
Atrium European Real Estate Limited / Half Yearly Report
August 23, 2013
Atrium European Real Estate Limited / FIRST HALF RESULTS SHOW A CONTINUED STRONG OPERATIONAL PERFORMANCE AND SOLID PROGRESS IN THE GROUP'S STRATEGY FOR GROWTH
Atrium European Real Estate Limited / FIRST HALF RESULTS SHOW A CONTINUED STRONG OPERATIONAL PERFORMANCE AND SOLID PROGRESS IN THE GROUP'S STRATEGY FOR GROWTH
August 23, 2013
Czech Republic: Zeman Signs Parliamentary Dissolution
Zeman will sign the parliamentary dissolution on August 28. The path is now clear for early elections at the end of October.
August 22, 2013
Romanians Not Satisfied with Wages
More than half of Romanian employees claim not to be paid enough for their work.
August 22, 2013
Turkey: Tear Gas against Demonstrators in Istanbul
The police has once more used tear gas against a new demonstration of critics of the government.
August 21, 2013
Poland: Budget Amendment Passed in Parliament
In order to adapt to the slow economic growth the government has amended the budet by permitting this year’s budget deficit to increase to PLN 16bn as well as approving PLN in spending cut, as announced at a press conferenced on Tuesday.
August 21, 2013
Political Dissatisfaction in Poland Grows
Seven out of ten Poles are disappointed with Polish parliament
August 21, 2013
Czech Parliament Votes for New Elections
The Czech House of Representatives has decided its dissolution on Tuesday evening and therefore clears the way for early parliamentary elections, which in all likelyhood will take place on October 25 and 26.
August 21, 2013
Romania: Without Nabucco, Better Chances for Higher Pay-Out for Transgaz
This year's tariffs revisions are better suited to protect the company for the drop in gas consumption, thus RBI sees lower risk of unrealized revenues.
August 20, 2013
Ukraine Remains in a Recession for a Year
In the second quarter of 2013 GDP contracted by 1.1 percent on a year-on-year comparison basis.
August 20, 2013
Eurozone: Minor Increase in Construction Production
In the construction sector, seasonally adjusted production rose by 0.7% in the euro area (EA17) and by 0.8% in the EU27 in June 2013, compared with the previous month, according to first estimates released by Eurostat.
August 20, 2013
National Bank of Ukraine fully meets domestic demand for cash
The National Bank of Ukraine is committed to developing cashless payments. At the same, cash is needed for retail payments. The growing demand for cash is fully met.
August 20, 2013
Romanian Real Estate Market to Stabilize
According to a study, the real estate market in Romania has stabilized again.
August 19, 2013
Russia: Rusal to Slip into the Red
Russian metal giant Rusal has to decrease production by 357,000 tons this year due to a drop in prices in aluminium. The company now hopes for state subsidy.
August 19, 2013
Turkey Wants to Stop Capital Outflow
The Turkish government plans to attract more investors. By lower taxes, foreign capital of Turkish nationals should come back to Turkey.
August 17, 2013
Russia: Stable Outlook, Lower Growth Rates
The rating agency Fitch reiterates the “BBB” rating for Russia. The outlook remains stable. However, Russia´s GDP forecast had to be lowered.
August 17, 2013
Poland´s Economic Growth Accelerates
In the second quarter of 2013, the annual growth rate came at 0.8%. Due to combined monetary and fiscal measures, the outlook is positive.
August 17, 2013
RBI´s CEO Sevelda: Drastic Losses in Hungary
Next week, Vienna-listed RBI (Raiffeisen Bank International) will present the results for the first half year of 2013. RBI will put effort into selective growth strategies.
August 17, 2013
Austria: Minor Decrease of Inflation Rate
Slight easening of inflation in Austria: Thanks to cheaper fuels and a lower upward trend in prices for food, the inflation rate in Austria decreased from 2.2 percent to 2.0 percent in July.
August 16, 2013