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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
Turkey Becoming Important Global Investor
According to the latest survey by UNCTAD, Turkey has become an important investor.
June 28, 2013
Austria: WIFO and IHS to Adjust Growth Perspectives Downwards
Experts at the Austrian Institute for Economic Research (WIFO) and the Institute for Higher Studies (HIS) have significantly cut their prognoses for the growth of domestic economy in 2013. However, both institutes are still optimistic for 2014.
June 28, 2013
Conwert Pushes Portfolio Streamlining In CEE
The Austrian ATX-traded conwert Immobilien Invest SE has successfully sold a commercial property in the city of Brno, Czech Republic.
June 28, 2013
Hungary: New Tax for Banks
According to a legislative proposal by Economy Minister Varga, banks would have to face a further burden of around € 250m.
June 27, 2013
Hypo Group: Commisson Against Extension of Deadline
Austria will in all probability not be granted an extension of the deadline for the winding down of Hypo Alpe Adria. This was announced by EU Competition Commissioner Joaquin Almunia
June 26, 2013
Mitterlehner: Romania Offers New Chances for Austrian Economy
Austrian Economy Minister Reinhold Mitterlehner met his Romanian counterpart Varujan Vosganian in Vienna.
June 25, 2013
Czech Republic: Rusnok New Head of Government
Czech President Milos Zeman has appointed his confidant Jiri Rusnok head of a government of experts.
June 25, 2013
NBP: Investments to Rise in Poland
According to a report on the financial situation of firms in the first quarter published by the National Bank of Poland (NBP), demands in investments in the forthcoming quarters should rise.
June 25, 2013
Russia: Putin Changes Personnel at Ministry of Economics
In the light of the menancing recession, Russian president Vladimir Putin has reorganized the leaders of economic policy-makers.
June 24, 2013
Zeman Favors Government of Experts
After Prime Minister Petr Necas‘ resignation, President Milos Zeman prefers the induction of a government of experts.
June 24, 2013
Mitterlehner: „4,000 New Austrian Exporters Within Two Years“
Internationalization Offensive (IO) “go international” will be prologued until 2015. Economy Minister Mitterlehner and head of the Chamber of Commerce (WKO) Leitl present their main targets for Austrian export.
June 21, 2013
Atrium European Real Estate Limited / ATRIUM ACQUIRES GALERIA
DOMINIKANSKA IN WROCLAW, POLAND, FOR EUR 151.7 MILLION
Atrium European Real Estate Limited / ATRIUM ACQUIRES GALERIA DOMINIKANSKA IN WROCLAW, POLAND, FOR EUR 151.7 MILLION
June 21, 2013
Czech Republic: Zeman’s Turn to Announce New PM
After Czech ruling party ODS has nominated Miroslava Nemcova, Chairwoman of the Chamber of Deputies, as candidate for the ministerial office, it is now President Milos Zeman’s turn to appoint the head of government.
June 21, 2013
Hypo: Deal with Russian Oligarch with “Proper Mortgage”
The investigations into money laundering at the Federal Criminal Office concerning the business with Russian oligarch Vladimir Antonov were brought to an end without any results. There were no arms among the securities.
June 20, 2013
Czech Republic: Nemcova Nominated As Prime Minister
Petr Necas’ handed in his resignation on Monday after a bribery scandal.
June 19, 2013
Austria: Raids by EU Commission at ÖBB
The Austrian Railways is alleged of having agreed to fixed prices with other companies. House searches were carried out.
June 19, 2013
Poland: Deputy Transport Minister Dismissed
Former Deputy Transport Minister alleged of corruption. Austrian construction company Alpine involved.
June 18, 2013
Czech Republic: Necas Steps Back
Czech Prime Minister Petr Necas draws the conclusion from his corruption scandal and announced to step back.
June 17, 2013
Eurozone and EU27 to Increase International Trade
Euro area international trade in goods surplus 14.9 bn euro. 9.2 bn euro surplus for EU27
June 17, 2013
Turkey: Protests About to Escalate
Further unrests after forceful clearing of Gezi Park.
June 17, 2013
Czech Republic In Turmoil Over Corruption Scandal
The Czech Republic’s political landscape is in turmoil due to the scandal. The investigations have begun on Thurday with country-wide raids. More and more bizarre details seem to appear.
June 14, 2013
Turkey: Erdogan Gives In
In the dispute about Gezi Park in Istanbul, which has led to weeks of protests and even violence, the Turkish government leadership now wants to give in.
June 14, 2013
Poland: PKO BP to Acquire Polish Assets of Nordea
Bank PKO BP strikes deal to buy Nordea's Polish assets.
June 13, 2013
Turkey: Erdogan Considers Referendum
After international criticism was voiced for the use of tear gas by the Turkish police against tens of thousands of demonstrators, Prime Minister Recep Tayyip Erdogan raised the issue of a referendum.
June 13, 2013
Verbund Puts Wind Farms in Romania into Operation
One of the largest onshore wind farms of Europe with a 225 megawatt capacity near the Black Sea coast.
June 13, 2013
EU Commission to Support Steel Industry
EU Commissioner for Industry Antonio Tajani has presented the annouced steel action plan.
June 12, 2013
EU Abandons Quarterly Reports
Listed enterprises in the European Union do not have to present quarterly reports from 2015 on.
June 12, 2013
Half of Czech Republic’s Citizens Unsatisfied With Zeman
The Czechs are divided about the administration of President Milos Zeman.
June 12, 2013
Fekter: „Bad Bank for Hypo Not The Most Creative Solution“
The Austrian Greens affirm their demand for the establishing of a bad bank for the ailing Hypo Group and a respective bill.
June 12, 2013
Austria: Wienerberger Alarmed About Shrinking Residential Building
Building material group Wienerberger is alarmed about the declining figure in residential building even though the market is significantly undersupplied with affordable housing space.
June 12, 2013
Highwater Damages for VIG Up to € 45 Million
Austria’s biggest insurer estimates with net costs double the amount than in 2002.
June 11, 2013
Ukraine Leaps to Business Deregulation
One of the reform priorities for Ukraine in 2012 has become the deregulation of business activity.
June 11, 2013
Turkey: Police Force Attacks Protesters At Gezi Again
Turkish Prime Minister Recep Tayyip Erdogan seems ready for talks with representatives of the demonstrators, who will be received by him on Wednesday. However, earlier he has demonstrated inexorable hardness.
June 11, 2013
Fekter: The North Feeds The South
Finance Minister Fekter compares the situation in Europe with the economic circumstances in Italy.
June 11, 2013
Poland: Sale of Foreign Currencies to Stabilize Zloty
After lowest rate in one year, the Polish government had to take actions.
June 10, 2013
Siemens VAI to Modernize Ukrainian Steel Plant
The signing of a major contract in Ukraine for Upper-Austrian industrial plant construction company Siemens VAI is in its final steps.
June 10, 2013
Strabag: Doubts About Joint Venture in Russia
The Austrian Construction Company Strabag doubts that a joint venture in Russia will take place.
June 10, 2013
Hypo Group: Fekter Under Pressure
Finance Minister Fekter is put under pressure by Austrian Green Party to establish a bad bank for Hypo Group.
June 10, 2013
Ukraine: Epic to Sell Ukrtelekom
Viennese financial investor Epic plans to sell the Ukrainian telecom provider Ukrtelekom. Oligarch Akhmetov will take over 92.8 percent of Epic.
June 6, 2013
Turkey: More Than 4,000 Injured
Three persons have now lost their lives in the protests. 43 persons are in critical conditions. Erdogan announced to keep to the controversial project.
June 6, 2013
Poland: Base Rate Down to Record Low
Poland’s Monetary Council has cut the base rate to 2.75 percent.
June 6, 2013
Austria: Liebscher as Chairman of Hypo Group’s Supervisory Board
Liebscher is to take over Ditz’ position after the meeting of bodies on June 21.
June 5, 2013
ILO: Risk for Potential Social Unrest in EU
The European Union is prone to social unrest accorking to most recent World of Work Report.
June 4, 2013
Austria: Finance Ministry Regrets Ditz’ Withdrawal
Johannes Ditz, chairman of Hypo Group’s suvervisory board, announced his withdrawal yesterday.
June 4, 2013
Turkey: Protests Claimed Life of At Least One Person
According to the medical association at least one protestor was killed in Istanbul. Despite of unequaled violence by the police protests against Prime Minister Erdogan will not break down.
June 3, 2013
Austria: Unemployment Rose By 9.5 Percent
In total, 330,309 persons were looking for a job in May. Austria still has the lowest unemployment rate within the European Union.
June 3, 2013
Hypo: Ditz to Resign
Chairman of Hypo Group’s supervising board Johannes Ditz might soon resign, according to media reports.
June 3, 2013
Zagreb: In-depth Analysis of SEE Infrastructure Development Plans
Many countries of Southeast Europe are outlining ambitious infrastructure development plans within transport, social, energy and environmental projects.
June 1, 2013
Erste Group Claimed of Being Interested in Croatian Banks
There are rumors of the taking over of Hypo Croatia and HPB. However, the banks deny the speculations.
May 29, 2013
Austria: Fekter Signed OECD’s Multilateral Assistence Agreement in Tax Matters
Fekter described the signing as a “further important step in the fight against tax evasion and tax fraud”.
May 29, 2013
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