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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
Romania: Economic Upswing Expected
According with the flash estimates, real GDP declined by 0.5% qoq and by 0.6% yoy in Q3. “In our view, contraction was mainly the result of a plunge in agricultural output.” Austrian Raiffeisen Research says.
November 26, 2012
Nowotny: „CESEE Needs New Growth Model“
Ewald Nowotny, governor of Austria´s National Bank (OeNB), thinks that the current growth model for the region is outdated.
November 26, 2012
Hungary: Retail Trade Sector Shrinks
Due to the declining real income, sales in the retail trade industry fell by 3.9% compared to 2011.
November 26, 2012
Czech Republic: Overall confidence in economy decreased
The composite confidence indicator (economic sentiment indicator) decreased by 1.7 points compared to October.
November 26, 2012
Ukrainian National Bank Under Pressure
In order to support its own currency, the foreign exchange reserves of NBU (Ukrainian National Bank) were down substantially.
November 24, 2012
OMV Focuses on Black Sea and North Sea
By 2020, the Austrian oil and gas group will ship natural gas from the Black Sea to Austria. Investments in the North Sea region are being fostered.
November 24, 2012
Poland´s Population Expected to Shrink
In the next 40 years, the Polish population might decrease by 6 million.
November 24, 2012
Hungary: Small Concession for Banking Industry
The banking sector in Hungary is under pressure. The government in Budapest decided to pay back debts of municipalities by the end of the year.
November 24, 2012
S&P Downgrades Hungary
The U.S. rating agency lowers Hungary´s sovereign debt rating from “BB+” to “BB”.
November 23, 2012
Porr: Renaissance Group to Enlarge its Interest
The Turkish Renaissance Group owns a 10% interest in Porr and wants to reach a blocking minority at the Austrian construction company.
November 23, 2012
VIG: Satisfying Results Ahead
Next Tuesday, Vienna Insurance Group will publish its results for the first nine months of 2012.
November 23, 2012
Croatia Plans to Introduce Property Taxes
Croatia´s Finance Minister Slavko Linic plans to introduce a property tax next year. The rate will come at 1.5%.
November 23, 2012
Verbund Leaves Turkey
The Austrian energy group sells its interest in Enerjisa to German E.ON. Verbund will re-focus on hydro power.
November 23, 2012
RBI Threatens to Leave Hungary
The Austrian Raiffeisen Bank International criticizes the burden for the banking sector in Hungary.
November 22, 2012
“We shall maintain tough position on EU budget until the very end”
Austrian Vice-Chancellor Spindelegger: “unambiguous about Austria’s position on EU financial framework“.
November 22, 2012
Czech Republic: Budget Approved
Next year, the Czech state budget is planned to reach 2.9% of GDP.
November 22, 2012
Hungary: Real Wages Decline Remarkably
In 2012, real wages went down by 5.3%. This is mainly due to the persistently high inflation rate (6.6%).
November 22, 2012
Poland: Economy Expected to Recover in 2013
Poland´s Minister of Finance Jacek Rostowski is optimistic that economic growth will accelerate next year.
November 21, 2012
Real Estate Market: Austria Is Underdeveloped
Regarding the rate of owner-occupied flats, Austria is below the EU average. Poland ranks first.
November 21, 2012
Hutchison Austria: Takeover Approved
The EU Commission allows the Hong Kong-based telecommunication group to take over its Austrian competitor “Orange”. The Austrian Federal Competition Authority is not convinced yet.
November 21, 2012
CNB: „Czech Republic Does Not Need Quantative Easing“
The Czech National Bank underlines that the country´s economy is fundamentally stable. The current situation would be managable.
November 20, 2012
Hungary: Public Debt Level Declines
Due to the favorable currency development, the public debt level fell slightly.
November 20, 2012
Ukrainian National Bank Stresses Stability of National Currency
The National Bank of Ukraine was able to ensure hryvnia stability – by results of the expert meeting. Inflation could be kept at 0.00% in the first nine months of 2012.
November 20, 2012
Hungarian Construction Industry Performs Well
In September 2012, construction increased by 6.8% in output year-on-year. The construction of buildings rose by 4.2% and that of civil engineering works grew by 9.4%.
November 20, 2012
Hungary: Gross Earnings Grow Moderately
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.5%.
November 20, 2012
Poland: Pawlak Steps Down
The Polish Minister of Economics Waldemar Pawlak resigns. His re-election as leader of the Agrarian Party has failed.
November 19, 2012
Ukrainian Banking Sector Expands Slightly
Despite the economic slowdown in the Ukraine, lending is on the rise.
November 19, 2012
Gloomy Prospects for Ukraine
Economic slowdown is gaining momentum: GDP slumped by 1.3% yoy in the 3rd quarter, while industrial output contracted for 5th month in a row in October (by 4.2% yoy), Austrian RZB states.
November 19, 2012
EU Budget: Losses for Poland Will Keep Within Limits
Poland will still be the biggest net contributor. According to Poland´s Prime Minister Donald Tusk, the negotiations prove highly difficult.
November 17, 2012
Belka: Polish Economy Will Recover In 2013
The governor of the Polish National Bank (NBP) Marek Belka demonstrates optimism.
November 17, 2012
Steel Industry: „Up to 100,000 Jobs Endangered“
Wolfgang Eder, CEO of the Austrian steel company voestalpine, warns of the persistently high oversupply in the European steel industry.
November 17, 2012
Hungary: Decrease in Industrial Production Continues
In September 2012, industrial gross output declined by 3.8% in volume compared to the same month of 2011.
November 16, 2012
NBP: Further Interest Cuts Likely
The Polish National Bank may reduce the base rate further. Poland´s economy is expected to slow down next year.
November 15, 2012
Hungary´s Recession Goes On
In the third quarter of 2012, Hungary´s GDP was down by 1.5%.
November 15, 2012
Czech GDP Drops Further
In the Q3 2012 the gross domestic product adjusted for price, seasonal, and calendar effects decreased by 1.5%, year-on-year, and by 0.3%, quarter-on-quarter, according to the preliminary estimate.
November 15, 2012
Immofinanz: Major Success in Hungary
The Austrian real estate company concludes one of the biggest logistics leasing transactions of the year in Hungary.
November 15, 2012
EU Budget: Austria Faces Massive Cuts
After the negotiations have failed, the Commission presented a new draft. Major cuts for Austria seem inevitable.
November 14, 2012
Austria Third Largest Investor in Czech Republic
According to the Czech President Vaclav Klaus, his Austrian counterpart Heinz Fischer and the President of the Austrian Chamber of Commerce Christoph Leitl, the bilateral trade relations are expandable.
November 14, 2012
CA Immo Expands in Warsaw
“Continuing success for largest Polish property development.” The Austrian property company will complete project before the end of the year.
November 14, 2012
Romania Hopes for New IMF Loan
The economic situation remains gloomy. Foreign direct investments are weakening. The economic outlook is rather decent.
November 13, 2012
Hungary: Inflation Remains on a High Level
In October consumer prices increased by 6.0% compared to October 2011. From September to October 2012, prices were up by 0.1%
November 13, 2012
Hungary: Head of Banking Association Resigns
The chairman of the Hungarian Banking Association Mihaly Patai steps down. He explains that the Hungarian state overburdens the banking sector.
November 13, 2012
Atrium European Real Estate Limited / Quarterly Report
Atrium European Real Estate Limited / Quarterly Report
November 13, 2012
Atrium European Real Estate Limited / THIRD QUARTER RESULTS SHOW
CONTINUED STRONG OPERATIONAL PERFORMANCE
Atrium European Real Estate Limited / THIRD QUARTER RESULTS SHOW CONTINUED STRONG OPERATIONAL PERFORMANCE
November 13, 2012
EU Budget: Austria Threatens to Veto
Austria´s Vice Chancellor Michael Spindelegger explains that cuts in the agricultural sector will not be accepted.
November 10, 2012
New Record for Bilateral Trade Between Poland and Austria
Christoph Leitl, President of the Austrian Chamber of Commerce underlines the close and friendly relationships between Poland and Austria.
November 8, 2012
Polish National Bank Cuts Interest Rate
In order to support economic growth, NBP decided to ease its monetary policy.
November 8, 2012
Romanian Postmaster Fully Owned by Austrian Post
Austrian Post has acquired the remaining 74% shareholding in the Romanian company Postmaster s.r.l. which is the leading alternative postal services provider in Romania.
November 8, 2012
Positive Business Outlook in Ukraine
Results of the Business Outlook Survey in Q3 2012: Unlike managers in Western Europe, Ukrainian managers give a positive assessment of the business activity in the near future.
November 7, 2012
Erste Group Supports Romanian BCR
The Austrian bank Erste Group injects € 111m in Romanian BCR.
November 7, 2012
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