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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
Atrium European Real Estate Limited / Notice of full year 2012 results
Atrium European Real Estate Limited / Notice of full year 2012 results
March 4, 2013
Turkey: Erdogan Arouses Harsh Criticism by Equaling Fascism and Zionism
At the UN conference in Vienna Turkeys Prime Minister obtained harsh criticism for his speech. The UN distanced itself from the statements.
March 2, 2013
Czech Republic: Bilateral Trade with Austria Shrinks
The official export figures are not known yet. However, experts think that the foreign trade volume between the Czech Republic and Austria was down in 2012.
March 2, 2013
Romania As Risk Factor for Austria´s Public Finance
The partly nationalized Austrian banking group VBAG faces difficulties in Romania. The Austrian Ministry of Finance tries to prevent further capital injections into VBAG.
March 2, 2013
Does the Hungarian Telecommunication Sector Face Nationalizations?
According to rumors, Hungary´s government plans to nationalize the Hungarian subsidiary of the telecommunication operator Vodafone.
March 2, 2013
Poland: LOT Airline Downsizing Personnel
Due to the restructuring program, the unprofitable airline company has to lay off 360 workers.
March 2, 2013
Romania: Labor Market Situation Improves Slightly
In January 2013, the seasonally adjusted unemployment rate was estimated at 6.6%, decreasing by 0.1 percentage point as compared to the previous month.
March 2, 2013
Austria: Public Spending Ratio Forces Country to Reforms
Austria’s economy is stronger than the European average, however, it is still in need of reforms. Suggestions are made by head of WIFO Aiginger who demands a new strategy until 2025.
March 2, 2013
Poland: Fiscal Treaty Ratified
Poland´s President Bronislaw Komorowski has signed the EU Fiscal Pact this week.
March 1, 2013
Romania: Moderate Growth in Manufacturing and Construction Industry
Trends in the evolution of economic activity during: February - April 2013.
March 1, 2013
Czech Republic: Unemployment Grows Slightly
In January 2013, the general employment was up by 1.3 percentage points. The unemployment rate came at 7.0% in January.
March 1, 2013
Austria: Record High in People Unemployed
At the end of February, 404,006 persons were seeking for a job. Compared to January this means an increase of 5.3 % or further 16,337 people jobless.
March 1, 2013
Hungary: Rise in Investments in Manufactury Industry
Yet investments in the national economy in general dropped by 7.9 % compared to the last quarter of 2011.
March 1, 2013
Hungary: Significant Drop in Retail Sales
Sales are falling particularly in food, drinks, tobacco, petrol, books and computer equipment.
March 1, 2013
Hungary Enlarges Railway Network
State Secretary on Foreign Relations Peter Szijjarto announced that MAV (Hungarian Railways) starts its biggest investment program since WWII.
February 28, 2013
IMF Dissatisfied with Croatia´s Economic Progress
Economic conditions have deteriorated lately, reflecting weak external demand, private sector debt reduction, and lack of business and consumer confidence, the IMF delegation said.
February 28, 2013
Hungary: Investments Continue Decreasing
In 2012 the volume of investments in the national economy was 5.2% lower than in the previous year.
February 28, 2013
Slovakia: Economic Growth Almost Coming to Still-Stand
Growth estimates are lower than predicted by NBS. Export sales lag behind and the domestic economy is in a recession. Opposing parties blame the new labor regulations.
February 27, 2013
Hungary: Employment Moves Upwards
In November 2012–January 2013, the number of employed people was 3,855 thousand, 39 thousand more than a year ago.
February 27, 2013
Alpine: Major Contract in Czech Republic
Alpine to rehabilitate the Czech D1 Motorway. Final award of contract to the Alpine/OHL ZS consortium upon expiration of statutory period for filing objections.
February 26, 2013
Hungary Cuts Interest Rate
Due to the economic crisis, Hungary´s National Bank (MNB) has lowered the interest rate from 5.50% to 5.25%.
February 26, 2013
Erste Group: High Losses Ahead
Analysts believe that the Austrian bank record substantial losses in the fourth quarter of 2012.
February 26, 2013
Hungary: Unemployment Rate Unchanged
In November 2012–January 2013, the number of unemployed people was 486 thousand, the unemployment rate was 11.2%.
February 26, 2013
Poland: Economy Seems to Recover Again
Marek Belka, head of NBP, assumes that the worst part for Poland’s economy might be over.
February 26, 2013
Czech Republic: Trends in 2012
Export and Import Price Indices and Price Indices for International Transport
February 25, 2013
Czech Republic: Corporate Finance Leaders Meet at the CFO Forum in Prague
If it were possible to predict the future, corporate financiers really could be relegated to mere "bean counters." Amid continuing global economic volatilty, however, considerably more advanced skills are required.
February 25, 2013 · Sponsored Content
Strabag to Return to Libya
Because of the war in 2011, the Austrian construction group withdrew from Libya. In total, 1,500 workers were employed in Libya.
February 23, 2013
Hungary: Government Demonstrates Optimism
Peter Szijjarto, spokesman of Prime Minister Viktor Orban´s party Fidesz, believes that Hungary´s economy will perform well this year.
February 23, 2013
Poland: Nuclear Power Plant Project Wobbles
Poland´s Treasury Minister Mikolaj Budzanowski explained that Poland cannot afford the nuclear power plant.
February 23, 2013
EU Financial Framework: Romania Is a Clear Winner
In the financial period from 2014 to 2020, Romania would be able to receive EUR 39.2bn from the European Union.
February 23, 2013
Ukrainian Banking Sector Shows Small Progress
NBU, the National Bank of Ukraine stresses that deposits and lending is growing decently. The inflation remains low.
February 22, 2013
Romania Tapped Again External Markets
In February, Romania borrowed USD 1.5bn in a 10-year Eurobond. Demand for debt papers was strong, Raiffeisen Research says.
February 22, 2013
“No further tightening of corporate credit conditions”
The Hungarian National Bank has today published the results of its latest lending survey. The survey conducted in January 2013 found that credit conditions for non-financial corporations had not been tightened further.
February 22, 2013
Romania: Slightly Lower Current Account Deficit in 2012
First estimates showed current account deficit declining to 3.8% of GDP in 2012 from 4.5% of GDP in 2011, Raiffeisen Research reports.
February 22, 2013
Hungary: Sharp Decline in Dwelling Construction
In 2012, 10560 new dwellings were built, 17 percent fewer than in the previous year. The number of dwelling construction permits was 10600, a 15 percent decline compared to the data of 2011.
February 22, 2013
Strabag and Rio Tinto Enter into Exclusive Partnership
Cooperation between the Austrian construction group and the Australian mining group in research & development. Two phases: field trials and exclusivity period-
February 22, 2013
VBAG: Major Losses in Romania
The Romanian subsidiary of Austrian VBAG suffers from non-performing loan. Last year proved to be again a difficult one for the Romanian banking system, Raiffeisen Research states.
February 21, 2013
Poland: Rostowski Becomes Deputy Prime Minister
Poland´s government has completed a government reshuffle. Finance Minister Jacek Rostowski was promoted to Donald Tusk´s Deputy Prime Minister.
February 21, 2013
Romania: Key Rate to Remain Unchanged
“In line with our expectations and market consensus, the central bank remained on hold at its latest monetary policy meeting (5 February)”, Raiffeisen Research reports.
February 21, 2013
Ukraine: Hryvnia Expected to Weaken Slightly
Hryvnia enjoyed good support at the market in early 2013 amid diminished depreciation expectations and accelerated debt inflows, Raiffeisen Research reports.
February 21, 2013
Romania: Disappointing Economic Growth
“According with the flash estimate, GDP increased marginally in Q4 2012 (+0.2% qoq), which was a touch above our expectations and market consensus”, Raiffeisen Research reports.
February 21, 2013
Poland: Rostowski Wants to Cut the Interest Rates
According to Poland´s Minister of Finance Jacek Rostowski, the real interest rates are still too high. Rostowski wants to boost economic growth.
February 21, 2013
Bad Outlook for Ukraine´s Foreign Trade Balance
Ukraine’s external accounts have visibly deteriorated in 2012. No dramatic improvement in the balance of payments is expected this year.
February 21, 2013
IMF Visits Croatia Again
A Mission of the International Monetary Fund, led by Nikolay Gueorguiev, arrived in Croatia for its usual semi-annual visit.
February 21, 2013
Ukrainian Banking Sector Recovers
According to Raiffeisen Research, the important of foreign banks in the Ukraine is decreasing. Due a decrease in provisions, the profitability of the banking sector goes up.
February 21, 2013
Hungary: Nominal Earnings Grew By 4.6%
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.6%.
February 21, 2013
Ukraine: Budget Deficit Grows Considerably
General government deficit increased to 5.5% of GDP in 2012 (from 4.2% in 2011) amid feeble tax revenue performance, Raiffeisen Research says.
February 20, 2013
Ukraine´s Economy Stagnates
According to the preliminary estimate by the State Statistics Committee, Ukraine’s GDP grew 0.2% yoy in 2012, thus decelerating from 5.2% yoy in 2011.
February 20, 2013
Ukraine: Deal With IMF to be Cut in Summer
The visit of IMF mission to Kyiv did not bring the immediate results. Raiffeisen Research expects the negotiations to be rather prolonged.
February 20, 2013
Poland: Economic Slowdown Becomes More Visible
Poland´s economic growth continues to decelerate. Domestic consumption and employment goes down.
February 19, 2013
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