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

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

Capital Inflow & Outflow In Hungary Broke Records Last Year

Last year, the amount of foreign direct investments totalled EUR 10.462bn in Hungary, which exceeds the previous year’s figure by EUR 6.7bn and which is the largest amount ever recorded.

May 28, 2013

Poland: Immofinanz Group Sells Silesia City Center

Large property in Eastern Europe to be sold.

May 28, 2013

Kapsch Completes Successful Trial of EETS In Poland

Landmark moment for harmonization of European road networks.

May 27, 2013

Russia As Big Disappointment for Strabag-CEO

Austrian construction company Strabag has hoped to have gained substantial foodhold in the Russian market by now.

May 27, 2013

FCC Wants Guggenheim Partners As Financial Ally

With debts having amounted to more than € 8bn, Spanish parent company of Alpine is now looking for potential financial partners.

May 24, 2013

Atrium European Real Estate Limited / Quarterly Report

Atrium European Real Estate Limited / Quarterly Report

May 24, 2013

Atrium European Real Estate Limited / FIRST QUARTER 2013 RESULTS SHOW RESILIENT GROWTH AND INCREASED OPERATIONAL PROFITABILITY

Atrium European Real Estate Limited / FIRST QUARTER 2013 RESULTS SHOW RESILIENT GROWTH AND INCREASED OPERATIONAL PROFITABILITY

May 24, 2013

Nowotny: Decision About Bad Bank for Hypo Not Essential Right Now

The Governor of Austrian’s National Bank confirms that the result for the ailing Hypo Group will not be “good” due to the losses that have amounted over the past years.

May 23, 2013

Poland: Hold on Tax to Attract Investors

Hydrocarbons tax on hold till 2020 to enhance investments in shale gas.

May 23, 2013

Atrium European Real Estate Limited / Result of AGM

Atrium European Real Estate Limited / Result of AGM

May 23, 2013

IMF Recommends Czech Government to Reduce Budget Cuts

With worse-than-expected current economic circumstances the IMF recommends the Czech Republic to moderate budget cuts.

May 22, 2013

Raiffeisen Centrobank to Join Prague Stock Exchange

Raiffeisen Centrobank joins the Prague Stock Exchange as trading member.

May 22, 2013

Polish Government Passes Job Protection Law

On Tuesday, the Polish government adopted the Labor Minister's document on measures directed to protect employees and businesses during economic downturn, the government press office said.

May 22, 2013

Immofinanz: First Office Project in Warsaw

Immofinanz Group lays foundation stone for the Nimbus office building in Warsaw

May 22, 2013

Austria: Three Major Banks Have Made Their „Last Will“

Three Austrian banks have already made their „testament“. Erste Group, Raiffeisen and Bank Austria have presented plans for a possible restructuring. The plans are part of the future bank insolvency law.

May 22, 2013

Croatia: Plans For Croatian Airlines’ Bankruptcy

The Croatian government has started planning in case of its national carrier declaring bankruptcy.

May 21, 2013

Austria: Fekter’s Ambition to „Steer Hypo Group Into Safe Waters“

In the margin of the Council of Ministers, Finance Minister Maria Fekter announced that Austria will hand in the new restructuring plan for Hypo Alpe Adria Group to the EU Commission in the coming days.

May 21, 2013

Austria: New Bidder for Hypo Group

Apart from Indian Srei Group, a new interested party has entered the match for the ailing banking institute.

May 16, 2013

Turmoil At Croatian Airlines

Employees of the carrier have been on strike for the third day in a row. Numerous flights, including air travels to Austria, had to be cancelled.

May 16, 2013

Austrian Government Desperate to Sell Hypo Group

Without an agreement for a new plan and without more time for the selling of the Eastern affiliates, the crisis-struck banking institute Hypo Alpe Adria Group will not be able to make up the balances anymore, according to Austrian newspaper Presse.

May 16, 2013

Alpine: Dispute in Poland About to Escalate

A dispute about the construction of a bridge has intensified. The construction company Alpine has withdrawn from the contract for the building of a highway segment in Poland.

May 15, 2013

Austria: EU Competition Authority to Search Agrana

The European competition authority has paid a visit to listed starch and sugar producer Agrana in April.

May 15, 2013

Atrium European Real Estate Limited - Notice of First Quarter Results 2013

Atrium European Real Estate Limited - Notice of First Quarter Results 2013

May 15, 2013

Strabag Subsidiary to Build Motorway in Poland

Strabag subsidiary building A4 motorway in Poland

May 14, 2013

Poland: LOT Ready To Be Privatized

A new law passed on Friday makes it possible to privatize Polish carrier LOT.

May 14, 2013

Austria: Domestic Banks Reject Taking Over Hypo Group

The task force, appointed for Hypo Alpe Adria Group by the government, held a meeting again today. It is only two more weeks until the suggestions have to be presented to Brussels. Domestic banks reject participating in a bad bank.

May 13, 2013

Austria: Hypo Group Dilemma Requires Highest Form of Diplomancy

Before the deadline of handing in the new restructuring paper, talks with the top of EU Commission are supposed to take place with Austrian politicians.

May 10, 2013

Maria Fekter: Hot-Tempered Lady At the Fireplace

Raiffeisen Centralbank (RZB) organized a „fireplace chat“ with Finance Minister Maria Fekter which took place on May 7 in Vienna.

May 8, 2013

Austria: Task Force for Hypo Group

The Austrian government is going to establish a task force for the nationalized by force problem bank Hypo Alpe Adria Group.

May 8, 2013

Czech Republic: Extraordinary Income Boosts CEZ Results

Increase in net profits by 24 % results from revenues from the certificates and integrations.

May 8, 2013

EU Commission: Action Plan for Steel Industry in Europe

During his visit to Linz, EU Commissioner for Industry and Entrepreneurship Antonio Tajani announced measures for the steel industry in Europe.

May 7, 2013

Atrium European Real Estate Limited / Intention to hold AGM

Atrium European Real Estate Limited / Intention to hold AGM

May 7, 2013

Commission: European Economy to Stabilize in First Half of 2013

The economy is projected to return to growth in the second half of 2013. However, annual GDP is forecast to contract by 0.1% in the EU and 0.4% in the eurozone.

May 7, 2013

Immofinanz: Secondary Listing in Warsaw Starts Today

Today the first Immofinanz shares will be traded at the Warsaw stock exchange. CEO Eduard Zehetner will be giving a press conference in Poland’s capital.

May 7, 2013

Austria: Restructuring Plan for Hypo Group Threatened By Rejection

The restructuring plan of Austrian crisis-struck banking institute Hypo Group is threatened to be rejected by the EU Commission.

May 6, 2013

Istanbul to Receive € 22bn for World's Largest Airport

Today, a Turkish construction consortium has secured itself a record sum of around € 22bn for the contract of the construction of the world’s biggest airport in Istanbul.

May 3, 2013

Croatia: Pushing Ahead With Croatia Airlines Restructuring

Despite of protests of employees restructuring measures will be continued.

May 3, 2013

Rehn: „Everything Needs to Be Done Against Unemployment“

Commissioner Rehn announced the economy would slowly emerge from recession. Stabilization is expected in the first half of 2013.

May 3, 2013

Austria: Commission Wants Roadmap to Hypo’s Future

The EU Commission wants the Austrian government to announce the next steps for Hypo Group until the end of this month.

May 2, 2013

Croatia Airlines To Cancel Flights After Staff Went On Sick Leave

Croatia Airlines had to cancel 13 flights on May 1, after 25% of the airlines staff went on a sick leave, in what the heads of the airline consider a protest against changes to employment conditions.

May 2, 2013

Leitl: „Cut of Base Rate by ECB Important and Necessary Signal“

President of the Austrian Chamber of Commerce Christoph Leitl welcomed the cut of the main refinancing rate to 0.5 percent.

May 2, 2013

Germany: Upgrade and Expansion at Zumtobel Plant in Usingen

Lighting manufacturer invests 1.2 million euros in energy concept and factory hall expansion. Annual energy savings of approx. 25 per cent. EU Green Building certification applied for.

May 2, 2013

Hypo Group to Get a Bad Bank?

Chancellor Faymann confirmed negotiations about the establishing of a bad bank for non-performing loans.

April 30, 2013

EANS-Total Voting Rights: Atrium European Real Estate Limited / Release according to article 93 BörseG with the aim of a Europe-wide distribution

EANS-Total Voting Rights: Atrium European Real Estate Limited / Release according to article 93 BörseG with the aim of a Europe-wide distribution

April 30, 2013

Romania: OMV Petrom, Exxon And Transgaz To Team Up

According to Romanian officials, OMV Petrom, Exxon and Transgaz might partner to transport the Black Sea gas onshore.

April 30, 2013

Erste Group Finalizes Selling Of Ukrainian Subsidiary

Erste Group finalizes the sale of Erste Bank Ukraine.

April 30, 2013

Eurozone: Inflation Decreased Slightly

Euro area annual inflation down to 1.2%

April 30, 2013

Austria Still With Lowest Unemployment Rate

Euro area unemployment rate at 12.1%. EU27 at 10.9%

April 30, 2013

Austria: Government Shows Unanimity About Banking Secret

Fekter criticized Social Democrats.

April 30, 2013