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
Serbia: National Bank Cuts Key Policy Rate
The NBS decided to cut key interest rate by half a percentage point as inflation remains on the lower target tolerance band.
December 18, 2013
Slovak Prime Minister Confirms Presidental Candidacy
Slovak Prime Minister Robert Fico, who also serves as head of ruling left-winged Smer Party, announced his candidacy for the presidential office next year.
December 18, 2013
Czech Republic: Rusnok to become CNB Board Member
Outgoing Prime Minister Jiri Rusnok will be appointed new board member of the Czech National Bank (CNB) by President Milos Zeman.
December 18, 2013
Austria: Major Banks Exhibit Significant Shortages in Core Capital Quota
Both Erste Group’s and RBI’s core capital quota is below the European average.
December 17, 2013
Banking Union: Bank Resolution as Hot Topic
The Finance Ministers of the Eurogroup countries are discussing the future of the banking union in Brussels today.
December 17, 2013
PKO: Capital Base Improves
According to the European Banking Authority (EBA), the largest Polish bank could strengthen the capital position.
December 17, 2013
Erste Group to Reduce Goodwill
Erste Group reduces goodwill by about EUR 350 million.
December 17, 2013
Bulgaria: Majority of Citizens Call for Early Elections
According to a poll, 80 percent of Bulgarians demand early elections.
December 17, 2013
Austria: Opening Balance Reveals Massive Mountain of Debt
Public debts exceed the federal assets by more than double the amount, as revealed by the opening balance published by outgoing Finance Minister Maria Fekter last weekend.
December 16, 2013
Romania: Significant Decline in FDI
On an annual basis, FDI decreased by more than eight percent.
December 16, 2013
NBS: Moderate Rise in Inflation
Moderate rise of inflation expected by the National Bank of Serbia (NBS).
December 16, 2013
Romania´s GDP Growth to Slow Down
In 2014, Romania is expected to grow moderately. Compared to 2013, growth will decelerate. The recovery mainly depends on exports.
December 16, 2013
Bulgaria: S&P Downgrade Criticized Sharply
Bulgarian Minister of Economy Dragomir Stynev does not agree with S&P´s view on Bulgaria´s creditworthiness.
December 16, 2013
MNB Replaces Hungarian Banking Industry
In order to push economic growth rates, Hungary´s National Bank continues to support the subsidized loan program. The support should help to boost the construction of real estate.
December 14, 2013
Poland: Budget Deficit Expected to Fall
In view of the accelerating economy, Poland´s fiscal shortfall will be smaller than initially projected, the rating agency Fitch states.
December 13, 2013
Croatia: Privatization of HPB Fails
The privatization of the Croat Postal Bank (HPB) has failed for the time being. For the potential buyers, HPB is too risky.
December 13, 2013
Austria: Spindelegger Replaces Fekter
The designated cabinet members were presented to the public today. Maria Fekter will not be a cabinet member anymore.
December 13, 2013
Croatia: Major Investments to Boost Economic Growth
The Croatian government on Thursday adopted an investment plan for 2014 which includes large-scale investments, amounting to as much as HRK 73.1 billion.
December 13, 2013
CA Immo Aquires P1 Portfolio in Poland
CA Immo AG acquires shares of joint venture partner AXA in “P1” Portfolio in Warsaw.
December 13, 2013
Poland: Growth May be Higher than Projected
Poland´s new Finance Minister Mateusz Szczurek thinks that the growth estimations for 2014 may be too cautious.
December 12, 2013
Serbia: NBS FX Reserves Amounted to More than € 10,362m at End-November
FX Reserves and IFEM movements in November.
December 12, 2013
Czech Republic: Banking Sector Proves Stable
According to the latest results of the bank stress test by the Czech National Bank (CNB), the domestic financial institutes remain resistant to a potential negative development.
December 12, 2013
Austria: Nowotny Reiterates Statement
Ewald Nowotny, governor of the Austrian National Bank (OeNB), reiterated his view on Hypo Group.
December 11, 2013
Czech Republic: New Government Confirmed
Seven weeks after the national elections, the Czech Social Democrats (CSSD) have agreed to form a coalition with ANO and the Christian Democrats (KDU-CSL).
December 11, 2013
Poland: Unemployment Grows Further
In November, the unemployment rate came at 13.2%. The labor market has the worst behind, the government says.
December 11, 2013
Serbia: World Bank Attaches Loan to New Laws
The World Bank has attached the loan in the amount of US-$ 250m (€ 183m) for Serbia to the implementation of three important laws within this year still.
December 10, 2013
Bulgaria: Prime Minister Stresses Positive Development
Plamen Oresharski stressed that Bulgaria has performed better than expected in 2013.
December 10, 2013
Slovakia Reverts Fiscal Strategy
The Slovak parliament has approved the government-authored corporate tax rate cut from 23% to 22%. Further cuts are expected to come.
December 10, 2013
Poland: Parliament Approves Nationalization of Pension Fund
Today, the Polish Lower House approved the controversial pension reform. With the reform, the Polish pension system will be partly re-nationalized.
December 10, 2013
Serbia: New Budget Turning Point for Economy
Next year’s draft budget is, according to Prime Minister Ivica Dacic the opportunity for a new beginning and a turning point in a responsible approach to running the Serbian economy.
December 9, 2013
Czech Republic: Industrial Output Slowed Down
In October, the industrial performance in the Czech Republic only grew by 3.5 percent on a year-on-year comparison basis.
December 9, 2013
Austria: Tax Increases Contemplated by Government
During the coalition negotiations increases of taxes on tobacco and alcohol is currently considered by the Social Democrats (SPÖ) and the People’s Party (ÖVP).
December 9, 2013
Wifo: Austrian Economic Growth Still Sluggish
Seasonally adjusted and corrected for working day effects, GDP increased by 0.2 percent compared to the second quarter. The upturn becomes evident only in a very moderate pace.
December 9, 2013
OTP Interested in MKB
Sandor Csanyi, CEO of the largest Hungrian lender OTP, considers taking over the rival MKB.
December 9, 2013
Slovakia: Economy Accelerates Slightly
In the third quarter of 2013, the Slovak GDP year-on-year growth was up to 0.9%, according to the Slovak Statistical Office.
December 8, 2013
Austria: Oppositional FPÖ Wants Return to Shilling
The largest Austrian opposition party wants to leave the Eurozone.
December 7, 2013
Major Changes in Hungarian Banking Industry Ahead
The Hungarian government comes closer to its objective. Foreign banks are leaving the country step by step.
December 7, 2013
Austrian FDI Worth Less than in 2003
Due to the financial crisis after 2008, foreign investments of Austrian investors have lost in value dramatically.
December 7, 2013
Austria: Slight Increase in Exports
In spite of a continuing difficult international environment domestic exports increased by 0.7 percent. According to Economy Minister Mitterlehner the Austrian exports are on a record high.
December 6, 2013
Austria to Raise Capital of up to € 30bn
In 2014, the Austria state will raise capital in the amount of € 28bn to 30bn from international capital markets. This year around € 29bn were raised.
December 6, 2013
Croatia: New Difficulties for Borrowers Ahead
The Croat banking sector pegs the interest rates to the EURIBOR. Consumers may have to pay higher borrowing costs.
December 6, 2013
Belka: Recovery Will Be Longer
According to Marek Belka, governor of the National Bank of Poland (NBP), the country’s economy sees a continuing and persistent recovery.
December 5, 2013
Moody's: ECB Rate Cut Does Little for Economic Growth
ECB rate cut to a record low 0.25% will likely do little to support economic growth, according to Moody's Analytics.
December 5, 2013
ECB: Debates about Further Measures in Monetary Policy
Today the 23 member of the European Central Bank’s Council have initiated debates about the the stance of monetary policy. The base rate, lowered to 0.25 percent last month, is expected to remain unchanged.
December 5, 2013
Vienna Insurance Group Awarded in Bulgaria
Awards for the Group companies Bulstrad and Bulstrad Life.
December 5, 2013
Czech Republic Remains in Recession
The Czech economy continues to shrink. Above all, private consumption and investments are weak.
December 5, 2013
Poland: Benchmark Rate Remains Unchanged
The Polish National Bank (NBP) holds the reference rate at its record low of 2.5%.
December 4, 2013
Raiffeisen Bank among Top Three Banks in Romania
Top three banks with best reputation - „The bank of Romanians” is client-centered, honest and transparent.
December 3, 2013
Austria: Debt Quota to Increase Slightly
Because of the new EU regulations the debt quota will increase by around 2.5 percent.
December 3, 2013
Poland: GDP Growth Speeds up
The long-awaited economic recovery starts to accelerate in Poland.
December 2, 2013
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