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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: 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
Romania: GDP Slowed Down in Second Quarter 2013
Romania: GDP slowed down in Q2, as expected by RBI.
August 16, 2013
Schieder: “Successful Employment and Regional Economic Policy Has to Be Continued“
Austrian State Secretary rejects unreliable surveys “talking down” Austrian economy.
August 14, 2013
Eurozone: Minor Growth in Industrial Production
Industrial production up by 0.7% in euro area. Up by 0.9% in EU27.
August 14, 2013
ECB: New Issuance of Debt Securities Totaled EUR 672 Billion In June 2013.
The annual rate of change of the outstanding amount of debt securities issued by euro area residents was -0.1% in June 2013, compared with 0.1% in May.
August 14, 2013
New Erste Group Loan Contributes to La Fantana Recapitalization
La Fantana, the leading bottler and distributor of water in Romania, announced it has successfully raised EUR 34mn in debt financing. La Fantana is controlled by private equity funds managed by Innova Capital.
August 13, 2013
Czech Prime Minister Offers Resignation
Czech Prime Minister Jiri Rusnok has officially filed his resignation six days after a lost vote on confidence.
August 13, 2013
Romania: Positive Inflation Development
Inflation dynamics in Romania surprised on the positive side in July.
August 13, 2013
Poland: Current Account Surplus Better Than Expected
Poland's June current account surplus at € 574m
August 13, 2013
Poland: Amendmends in 2013 Budget
Upper house approves law suspending fiscal restraints at 50 percent debt threshold
August 12, 2013
Romania: Significant Decrease in FDI
Non-residents’ direct investment in Romania estimated at EUR 666 million (as compared with EUR 826 million in January-June 2012).
August 12, 2013
Atrium European Real Estate Limited / Notice of second quarter and
half year results
Atrium European Real Estate Limited / Notice of second quarter and half year results
August 12, 2013
Czech Republic: Schwarzenberg to Run for Parliamentary Elections
The former Foreign Minister named “autocratic” President Zeman as a motivation.
August 10, 2013
Poland’s Opposition Expands Poll Lead
Poland's conservative opposition Law and Justice (PiS) party has increased its lead over the centrist governing Civic Platform (PO) party by another five percentage points, according to a poll released on Thursday.
August 9, 2013
Fitch: European Investors See Withdrawal of Bank Stimulus
More European investors now see the withdrawal of central bank stimulus as a bigger risk to European credit markets than eurozone sovereign debt problems.
August 9, 2013
Austria: Significant Drop in Trade Deficit
A drop of 3.2 percent in imports and an increase of 1.1 percent in exports from January to May 2013 make the trade deficit decrease by more than € 2bn.
August 9, 2013
Early Elections in Czech Republic Likely
After Czech’s new Prime Minister Jiri Rusnok failed the vote of confidence, there are many indicators that President Milos Zeman will announce early elections.
August 9, 2013
Poland: VAT Receipts Increased 10 Percent
Value added tax (VAT) receipts increase 10 percent year on year.
August 8, 2013
Poland: Trade Deficit Estimates Lowered by Ministry
Deficit estimate for 2013 reduced to EUR 3.9bn by Polish Ministry of Economy
August 8, 2013
Czech Government Loses Vote on Confidence
The cabinet of experts of Prime Minister Rusnok only receives 93 out of 200 votes. October may be the month for early elections.
August 8, 2013
Czech Republic: Will Rusnok Remain in Parliament?
Today, August 7, 2013, the members of parliament in Prague will carry out a vote on confidence on the new government of Prime Minister Jiri Rusnok. It is unlikely that Rusnok will remain in parliament.
August 7, 2013
Romania: Another Major Privatization Ahead
Romania´s government intends to sell the publicly held share in the telecommunication group Romtelecom.
August 6, 2013
Turkey: Banking Sector Improves Profitability
In the first six months of 2013, net income of Turkey´s banking sector was up by 20%.
August 6, 2013
Ukraine: Negotiations with IMF as Last Exit
Seeking for an IMF loan is the last remaining alternative for the financially stricken country.
August 6, 2013
Drastic Output Decrease in Czech Construction Sector
In June 2013 the construction output declined by 11.1%, year-on-year (y-o-y).
August 6, 2013
Hungary: Industrial Production Still Declines
In June 2013 – according to preliminary data – industrial gross output declined by 0.6% compared to the same month of 2012.
August 6, 2013
Czech Republic: Foreign Trade Shrinks
In June 2013, according to preliminary data of ‘cross−border statistics’, exports and imports at current prices decreased by 2.5% and 4.8%, year-on-year (y−o−y), respectively.
August 6, 2013
Czech Republic: Retail Sales dropped Again
In June, sales in retail trade including the automotive segment after seasonal adjustment decreased by 1.5% at constant prices, month-on-month.
August 6, 2013
Czech Republic: Employment is the Highest Since 1998
The total employment in Q2 2013 increased by 64.9 thousand persons compared to the same period of 2012.
August 5, 2013
Croatia: Foreign Currency Loans No Danger for Banks
About 8% of the loan portfolio in Croatia consists of Swiss franc loans. Banks would be able to bear losses.
August 5, 2013
Romania Initiates Structural Reforms
In order to receive a precautionary loan from the IMF, Romania´s government will implement a series of reform steps. Above all, Romania starts privatizations again. Romania´s economic outlook continues to brighten.
August 3, 2013
Czech Republic: Interest Rates Remain Flat
The Czech National Bank (CNB) holds the base rate at its historical low. In the course of 2014, the Czech economy is expected to recover.
August 2, 2013
Poland: Slow, but Steady Progress
Poland´s National Bank anticipates a longer term of interest rate stabilization. The economic trend reversal will come in the third quarter, rate setter Andrzej Bratkowski stated.
August 2, 2013
S&P: Croatia Downgraded Again
The rating agency puts the outlook on Croatia from „stable“ to „negative“. The rating remains unchanged.
August 2, 2013
Hungary: Exports Growing Moderately
External trade showed a surplus of EUR 641 million in May.
August 2, 2013
Russia: Consumer Debt Grows Persistently
Russia´s Central Bank wants to stop the increasing debt servicing costs for Russian households.
August 2, 2013
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