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
Czech Republic: Monetary Interventions more Probable
Because of an unexpectedly lower inflation rate, foreign exchange interventions are more likely to come.
September 11, 2013
Czech Republic: One Third to Vote for CSSD
According to a poll, 28 percent of Czechs would vote for the Czech Social Democratic Party (CSSD) if an election was held now.
September 10, 2013
Turkey: Strong Industrial Production at Start of Q3
Turkey saw a strong industrial production at the start of the third quarter, according to official data, which gives hope for an improved economic growth as the country is facing more and more economic difficulties.
September 10, 2013
Poland: Unemployment Dropping Slightly
The number of registered jobseekers decreased in August.
September 10, 2013
Orban on Foreign Banks: „Colonization is Over“
Hungary´s Prime Minister Viktor Orban emphasizes that foreign banks have to pay for foreign exchange loans.
September 9, 2013
Poland: Government Gives Green Light to Budget Draft
The Polish Government has approved the budget plan for 2014 with the deficit gap closing further after a refurbishment of the private pension system.
September 9, 2013
Croatia: Record Year in Tourism
Croatia will have a record year in tourism says Minister.
September 9, 2013
Romania: Industrial Sales Increased 4.7 Percent in 2013
Romania’s industrial sales increased 4.7 percent in the first seven months.
September 9, 2013
Czech Republic: Real Wages Shrink
In the second quarter, nominal wage growth came at 1.2%. Real wages were down by 0.3%, however.
September 9, 2013
Romania: Economic Performance Better than Expected
In the second quarter, economic growth reached 1.5%, which is beyond the initial forecasts.
September 9, 2013
Poland: Re-Nationalization of Pension Scheme
Poland takes back the partial privatization of pension system. The re-nationalization does not affect Poland´s sovereign debt rating.
September 7, 2013
Eight Austrian Banks to be Supervized by ECB
The European Central Bank will supervise 130 banks in the Eurozone. 18 German and six Austrian banks will have a new supervision authority.
September 6, 2013
„Demand for Loans Will Grow“
In an interview with „Wirtschaftsblatt“, Vice-President of EIB (European Investment Bank) Wilhelm Molterer indicates that banks may not be prepared for an increasing demand for loans.
September 6, 2013
Hungary: New Threats for Foreign Banks
Hungary´s government is determined to convert foreign exchange loans at the expense of banks again.
September 6, 2013
Czech Economy: End of Recession Ahead
Compared to the previous quarter, the second quarter of 2013 showed a GDP growth. Compared to the reference period of 2012, the Czech economy still registers a contraction.
September 6, 2013
Croatia: New Trial for Pre-Bankruptcy Settlement
Croatia giving fourth chance to reach pre-bankruptcy settlement.
September 6, 2013
Austria: Spindelegger in Favor of “Creative Model“ for Banks
Deputy Chancellor Spindelegger seems willing to lead open discussions about the extension of bank levies.
September 6, 2013
RBI to Take Over Croatian Subsidiary Completely
Vienna-listed Raiffeisen Bank International holds 75% of its Croatian subsidiary. RBI confirmed that the remaining shares of Croatian subsidiary will be acquired.
September 6, 2013
Polish Central Bank Holds Interest Rate Flat
Poland´s economy begins to recover. NBP leaves the base rate at 2.5%.
September 5, 2013
Alpine: Creditors in Austria and Poland Claim Refunds
Not only the labor market in Austria is burdened but also thousands of creditors have invested in bonds of the construction company and are now facing enormous losses.
September 4, 2013
President Fischer Urges Austria to “Roll Up Sleeves“
In regard to the current election campaigns, the Austrian President Heinz Fischer has urged the parties for joint efforts.
September 4, 2013
Austria: Up to € 11.7bn for Downsizing Hypo Group
Years of discussion went by; now the EU Commission has approved the downsizing plan for nationalized Hypo Alpe Adria.
September 4, 2013
Hungarian Government Wants Further FX Debt Reliefs
The government has talks with the Hungarian banking association. In order to de-burden indebted Hungarian households, Prime Minister Viktor Orban wants to reach a debt relief plan.
September 4, 2013
Poland: Tusk Demonstrates Optimism
This year, Poland´s economic growth begins to accelerate. According to Prime Minister Donald Tusk, the growth rate will be higher than 1.5%.
September 4, 2013
Hypo: New Risky Loan Agreements Even in 2012
According to the EU Commission, risky loans were granted by ailing Hypo Group even in 2012.
September 3, 2013
Eurozone: Slight Increase of Industrial Production
Cyprus and Croatia record the largest decrease in industrial production among EU member states.
September 3, 2013
Transport & Logistics - DB Schenker to Expand its Operations in Croatia
Simultaneously with the accession of Croatia into the EU, and thus the abolition of customs borders between Croatia and the EU countries, Schenker positions itself on that market as a potential logistics partner.
September 3, 2013 · Sponsored Content
Czech Republic: Monetary Policy to Loosen Further
According to the member of CNB (Czech National Bank) Lubomir Lizal, the country needs further monetary policy steps. CNB is considering starting currency interventions.
September 3, 2013
Croatia: „Insufficient Move Towards the Positive Direction“
Croatia hopes its economy is moving in the "positive direction".
September 2, 2013
Slovenia: Recession Goes On
In the second quarter, Slovenia´s GDP was down by 1.7% year on year. This year, Slovenia´s GDP will fall by 3.0%, economists say.
September 2, 2013
Hungary: Another Base Rate Cut
Hungary´s National Bank (MNB) has cut the base rate from 4.00% to 3.80%. This is a new record low. Nevertheless, MNB was expected to decide a lower cut.
August 31, 2013
Poland: Economy Begins to Accelerate
In the third quarter of 2013, Poland´s economy will grow by 1.0% year on year.
August 31, 2013
Czech Republic: GDP to Shrink Further
The Czech Republic will not leave the recession behind soon. The economic forecasts had to be revised again.
August 31, 2013
Uher: “Banking Union in Eurozone Great Danger“
Thomas Uher, member of the board of directors at Erste Bank, warns of a banking union that is only limited to the Eurozone.
August 30, 2013
Atrium European Real Estate Limited / Publication of an
Announcement after art. 93 BörseG with the objective of Europe-web publication
Atrium European Real Estate Limited / Publication of an Announcement after art. 93 BörseG with the objective of Europe-web publication
August 30, 2013
Eurozone: Unemployment at 12.1 Percent
A total number of 26.7 million persons in the European Union are unemployed, according to estimates by Eurostat, the statistical office of the European Union,
August 30, 2013
Spar: Growth Plans In Czech Republic
Retailer Spar has lost a total of € 130m in the past eight years in the Czech Republic. Despite of that, the trade chain has plans of expansion. Particularly the network of frachise stores is supposed to grow.
August 30, 2013
Mersch: Banking Supervisory Could Be Delayed
At the Forum Alpbach Yves Mersch, member of the ECB’s (European Central Bank) executive board, presented himself sceptical about whether or not a punktual start of a uniform European banking supervision could take place.
August 29, 2013
Hypo Alpe Adria Threatened with Losses of up to € 3.5bn
According to the restructuring plan and in a worst case scenario, even more losses could amount than in the past five years together. Reports by the media say, this year alone figures never seen before could pile up.
August 29, 2013
ATRIUM EUROPEAN REAL ESTATE COMPLETES THE EUR151.7 MILLION
ACQUISITION OF GALERIA DOMINIKANSKA IN WROCLAW, POLAND
ATRIUM EUROPEAN REAL ESTATE COMPLETES THE EUR151.7 MILLION ACQUISITION OF GALERIA DOMINIKANSKA IN WROCLAW, POLAND
August 29, 2013
EU Commissioner Sees First Signs of Economic Turn-Around
EU Commissioner for Economic and Monetary Affairs Olli Rehn can see the first signs of an economic turn-around in the European Union.
August 29, 2013
Poland: Opposition to Gain Support
The percentage of support for leading centrist Civic Platform (PO) under the lead by Prime Minister Donald Tusk dropped to 22 percent in late August.
August 28, 2013
Czech Republic: Early Elections on Their Way
On Wednesday Czech President Milos Zeman has signed the dissolution of the House of Representatives.
August 28, 2013
Austria: Hypo Group in “Crisis Mode“
According to Austrian daily “Standard“, there are daily reports about Hypo Group being forwarded to the Austrian National Bank (OeNB).
August 28, 2013
Austrian Economy Minister: “No Time for Idle Complacency”
Austrian Minister of Economics and former general secretary of the Austrian Chamber of Commerce (WKO), Reinhold Mitterlehner avoids any dispute with Christoph Leitl, President of WKO but signals a different opinion.
August 27, 2013
Romania: Government Loans Declined 1.2 Percent
Romanian Government loans granted by credit institutions declined by 1.2 percent.
August 27, 2013
Austria: First Chancellor’s Duel
Chancellor Werner Faymann (SPÖ) and Deputy Chancellor Michael Spindelegger (ÖVP) had their first official chancellor’s duel on TV on Monday. However, people waiting for a major dispute had been disppointed.
August 27, 2013
Poland: Tusk Remains Leader of Civic Platform
With almost 80 percent of votes Prime Minister Tusk wins elections for Civic Platform’s (PO) party leader.
August 26, 2013
Czech Republic: Klaus Reconsiders Returning to Politics
On Saturday, August 24, former Czech President Vaclav Klaus told Czech Television (CT) he is “seriously considering” returning to politics.
August 26, 2013
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