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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
EU Commission Waiting For Austria’s Decision
The EU Commission expects a uniform stance in regard to Austria’s bank secret and the transition to automatic exchange of information.
April 23, 2013
Hungary: MNB Cuts Interest Rate by 0.25 %
The Central Bank of Hungary (MNB) has cut interest rates by a quarter percentage point for the ninth month running.
April 23, 2013
Putin: Stimulus Package for Russian Economy
Because of the present stagnation Putin demands a stimulus package for Russian economy.
April 22, 2013
Nowotny Concerned About Reputation of Austrian Banks
Ewald Nowotny, Govenor of the Austrian National Bank (OeNB), is critical towards the continuing debate about keeping the bank secrecy. He fears that doubts in the integrity of the domestic banking sector could emerge.
April 22, 2013
Eurozone: Government Deficit Decreased to 3.7 % in 2012
Euro area and EU27 government deficit at 3.7% and 4.0% of GDP respectively. Government debt at 90.6% and 85.3%
April 22, 2013
Hungary: Lopatka Presses For Legal Security for Austrian Enterprises
State Secretary Reinhold Lopatka met with Hungarian State Secretary for European Affairs Gergely Pröhle in Budapest toda to urge for legal security for Austrian enterprises in the neighboring country.
April 19, 2013
9.2 Million EU Citizens Wish To Work More Hours
Labour Force Survey: Proportion of underemployed part-time workers up to 21.4% in the EU27 in 2012
April 19, 2013
Atrium European Real Estate Limited successfully places a EUR350
million unsecured Eurobond
Atrium European Real Estate Limited successfully places a EUR350 million unsecured Eurobond
April 19, 2013
Hungary: Financial Regulator to Be Merged With MNB
Hungary plans to fuse the financial regulator with the central bank.
April 19, 2013
Vienna Stock Exchange: Head of GPW Denies Takeover.
Vienna Stock Exchange, which has already acquired several stock markets in Central and Eastern Europe, has been interested in the Warsaw exchange GPW (Giełda Papierów Wartościowych).
April 19, 2013
EU27: Surplus of € 21.8bn in Last Quarter of 2012
Second estimate for the fourth quarter of 2012 EU27 current account surplus 31.4 bn euro 36.2 bn euro surplus for trade in services.
April 19, 2013
Hungary: Average Gross Earnings Increased Marginally
Average gross earnings amounted to HUF 223,100.
April 18, 2013
IMF Warns Eurozone of Ongoing Risks to Economic Stability
The International Monetary Fund has warned the Eurozone in a Global Financial Stability Report, urging for a reforming zeal and restructuring of weak banks.
April 17, 2013
Austria and Turkey to Deepen Relations
Justice Minister Karl wants to improve cooperations with Turkey.
April 17, 2013
„Unlawful“ Farming in Hungary
The estimated 200 Austrians, who are engaged in agriculture in Hungary, are apparently not highly esteemed by Hungarian Prime Minister Viktor Orban.
April 16, 2013
Austria’s Economy Grows Faster Than Eurozone
Economists of the International Monetary Fund (IMF) are confident for a positive development of Austria’s economy.
April 16, 2013
Vague Economic Outlook in Poland: Unadvisable to Cut Interest Rates
In an interview with Reuters, member of the Monetary Policy Council (MPC) Elzbieta Chojna-Duch explains why it is problematic for Poland to decide on further cuts in interest rates.
April 16, 2013
Czech Republic: Fight over Diplomatic Posts
Prague currently sees a duel between ambassadors for the filling of a post. President Milos Zeman and the Foreign Ministry both want to have a say in the final decision.
April 15, 2013
ATRIUM PRICES A EUR350 MILLION UNSECURED CORPORATE BOND
ATRIUM PRICES A EUR350 MILLION UNSECURED CORPORATE BOND
April 12, 2013
1.4 Million Austrians At Risk of Poverty
According to the most recent EU social report, 1.4m Austrians are at risk of poverty or social exclusion. Social Minister Hundstorfer regards Austria be on the right path in the fight against poverty.
April 12, 2013
Ukraine: Yanukovych Rejects Pardoning Tymoshenko
President Yanokovych does not consider a pardoning as long as trials continue.
April 11, 2013
Austria: Great Demand in Two New Federal Bonds
In a double syndicated loan, the Austrian state has taken out € 4.5bn and issued two new federal bonds.
April 11, 2013
Croatia to Sell HPB and Croatia Osiguranje
Croatia’s seventh biggest bank and biggest insurance company will soon be privatized. The selling of the stakes is supposed to generate up to € 300m for the state budget.
April 11, 2013
Eurozone: Refinancing Gap of € 1.2 Trillion
Austrian banks are at EU average and show a finance gap of € 30bn.
April 10, 2013
Austria: Will Holidays on Thursdays be Abolished?
Minister of Infrastructure, Bures and President of IV announced to discuss the matter.
April 10, 2013
Household Assets in Austria Lower Than in Spain
The proportion of owned homes in Austria and Germany is below 50 % and one of the reasons why household assets are on the lower end of the scale.
April 10, 2013
Austria: Significant Increase in Exports
Imports Increased by 0.3 %. Exports Increased by 7.1 %. According to preliminary results by Statistics Austria, total imports amounted to € 10.31 bn and total exports amounted to € 9.96 bn in January 2013.
April 10, 2013
Austria: How to Finance Future Innovations
„Austria’s Future Needs Innovation” was the title of a discussion organized by the Research Council, the Austrian Institute of Technology (AIT) and the Federation of Austrian Industries (IV).
April 9, 2013
Czech Republic: 5.7 % Decrease of Industrial Production.
In February 2013, industrial production decreased at constant prices by 5.7%, year-on-year; working day adjusted decreased by 1.6%. Compared to the previous month, seasonally adjusted industrial production was higher by 1.6%.
April 9, 2013
Fitch: Poland Best Placed For Economic Recovery
In a statement regarding a report on the need of structural reforms in the CESEE region, rating agency Fitch awarded Poland the best position for an economic recovery among five countries.
April 9, 2013
Austria About to Lose Fiscal Secret
The Austrian government declared to negotiate with the EU about the abanonment of the fiscal secret.
April 9, 2013
Czech Republic: Exports and Imports Decreased Considerably
In February 2013, according to preliminary data of ‘cross−border statistics’, exports and imports at current prices fell by 3.6% and 4.4%, year-on-year (y−o−y), respectively.
April 9, 2013
Immofinanz to List in Warsaw
Real state corporation Immofinanz wants to list their shares on the Warsaw stock exchange.
April 9, 2013
Commission Criticizes Austria on Keeping Bank Secret
EU Tax Commissioner Algirdas Semeta considers Austria’s position to hold on to the bank secret and unwilligness to reform as “impossible”.
April 9, 2013
Fekter: “I Will Fight to Preserve Banking Secrecy in Austria!”
“Data protection is a valuable institution. We will continue to protect innocent citizens, but will also continue to lead the way in pursuing tax evaders.”
April 8, 2013
Austria: Unemployment Rate to Remain High
According to AMS, the public employment service in Austria, the unemployment rate will stay on the high level it shows right now. The labor market situation will only ease in 2016.
April 8, 2013
ILO Warns of Social Unrest in Europe
Because of the continuing high figures in unemployment in great parts of Europe, experts warn of social unrest.
April 8, 2013
Russia: Economic Growth Below Expectations
The Russian economy is flatlining. The government and the Central Bank of Russia (CBR) blame each other for the current state of affairs.
April 8, 2013
Barroso: „Existantial Crisis is Over“
President of EU Commission Jose Manuel Barroso came to Vienna to meet with Austrian Chancellor Werner Faymann and Foreign Minister Michael Spindelegger.
April 6, 2013
Decisions About Hypo Group’s Future Still Pending
Finance Minister Maria Fekter has presented herself rather reserved after the meeting with EU Commissioner for Competition Joaquin Almunia.
April 5, 2013
Fekter Defends Austrian Bank Secret
With the reference to the agreement with Switzerland and Lichtenstein, Finance Minister Fekter tries to convince the EU Commission to leave the Austrian bank secret at the current situation.
April 5, 2013
Austria: Fekter Craving for Indulgence in Brussels
Austrian Finance Minister Fekter will be in Brussels on Friday to negotiate about the privatization of the nationalized-by –force Hypo Group.
April 4, 2013
VIG: Drastic Downsizing Measures in Romania
Because of increasing losses 450 employees will be made redundant.
April 4, 2013
Russia: Refinancing Rate Expected to Be Cut
The Central Bank of Russia (CBR) estimates inflation risks higher than a slow economic growth. However, the refinancing rate is expected to be lowered soon.
April 3, 2013
Hungary: Public Deficit Amounted to HUF 166.6bn in Q4/2012
The deficit of the general government sector was HUF 566.7 billion in 2012, 2.0% of GDP according to data reported to the EU on 29 March 2013 under the Excessive Deficit Procedure (EDP).
April 3, 2013
Hungary: Marginal Increase in Employment Rate
In light of the flash report by the Hungarian Central Statistical Office (KSH) released on March 28, a positive trend regarding employment – a priority area for the Government – becomes evident.
April 2, 2013
Poland: Inflation Rate for Private Individuals At 1.6 %
March was the seventh consecutive month of decline in private individuals' inflation expectations. Respondents place average inflation rate as expected over the next 12 months at 1.6%.
March 30, 2013
Hungary: Economic Growth Only in 2014
The MNB, the National Bank of Hungary estimates economic growth to further stagnate in 2013 but forcasts positive devolopments for the next year.
March 29, 2013
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