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
CNB: Interest Rate at Historical Low
Today, the Czech National Bank (CNB) decided to cut the interest rate to 0.05%. Now, foreign exchange interventions are the only tool for CNB.
November 2, 2012
Czech Household Debt on the Rise
Against 2011, Czech household debt was up by 4.2%. At the end of September, the level of debt of Czech households to banks reached € 45.8bn.
October 31, 2012
Hungary: Export volume grew by 1.7% in August
In August, the export volume grew by 1.7% and the import volume decreased by 0.3% compared to the base level. The exports of machinery and transport equipment decreased by 3.2%.
October 31, 2012
Hungary Cuts Interest Rates Again
The Council of Hungarian National Bank, which is dominated by representatives of the Hungarian government decided to cut the base rate from 6.50% to 6.25%.
October 31, 2012
EANS-Total Voting Rights: Atrium European Real Estate Limited / Release
according to article 93 BörseG with the aim of a Europe-wide distribution
EANS-Total Voting Rights: Atrium European Real Estate Limited / Release according to article 93 BörseG with the aim of a Europe-wide distribution
October 31, 2012
Purchasing Power: Austria Ranks 6
Regarding the purchasing power per head, Austria is significantly above the European average of € 12,802.
October 31, 2012
Hungary: Employment on the Rise
80 thousand more people in work in the third quarter than a year ago.
October 30, 2012
„Banking Union Weakens Central Banks“
The Czech President Vaclav Klaus criticizes that a common banking supervision limits the competencies of national central banks.
October 30, 2012
Telekom Austria´s Vipnet Invests in Croatia
Telekom Austria´s Croatian subsidiary Vipnet Acquires 10 MHz of 800 MHz Spectrum for approximately € 20m in Croatia.
October 30, 2012
Romanian Economy to Shrink Further
With a large negative contribution expected to come from agriculture, real GDP should decline again in Q3 in quarterly terms (as well in annual terms). The contraction is likely to be larger than initially expected, Raiffeisen Zentralbank forecasts.
October 30, 2012
CA Immo Secures Major Project in Romania
Lease agreements have been extended for over 14,000 sqm in two Bucharest office buildings. International anchor tenants are ensuring an almost 100 % occupancy rate in the CA Immo Romanian portfolio.
October 30, 2012
Poland: Real Wages are Falling
Due to the persistently high inflation rate, real wages have fallen for the first time in 20 years.
October 29, 2012
Donau Chemie Starts Expansion in Hungary
The Austrian chemical group invests € 6.5m in a new factory in Eastern Hungary.
October 29, 2012
Austrian Managers Lose Confidence in EU
Only a third of the Austrian managers believes that the problem in the Eurozone can be solved.
October 29, 2012
Austrian-Ukrainian Trade Relations Show Development Potential
According to Richard Schenz, Vice President of WKO (Austrian Chamber of Commerce), the economic relations between Austria and the Ukraine are excellent.
October 25, 2012
Czech Republic: Economic Sentiment on the Rise
According to recent surveys, confidence in the Czech Republic is increasing slightly.
October 25, 2012
Poland: Calls for Interest Cut Become Louder
The Polish economic growth flattens. NBP´s council member Andrzej Rzonca wants the interest rate to be cut.
October 25, 2012
CA Immo´s Occupancy Rate in Prague at 90%
The Austrian real estate company CA Immo has managed to secure further tenants for four office buildings and a shopping center in Prague.
October 25, 2012
Foreign Banks Withdraw Funds from Croatia
Due to the difficult economic situation in Croatia, foreign banks reduce their exposure in Croatia.
October 24, 2012
“Poland is Safe”
Despite the economic slowdown, the Polish Minister of Finance Jacek Rostowksi says that the country is safe from the economic crisis.
October 24, 2012
World Bank: „Poland is a Growth Engine for Eastern Europe“
According to the “Doing Business Report 2013”, Poland´s competitive position has improved remarkably. Austria was up by two ranks.
October 23, 2012
Czech Banking Sector to Sharpen Lending Conditions
For corporate and housing loans, lending conditions were tightened in the third quarter of 2012.
October 23, 2012
FMA: „Austria is Open to Blackmail by Banks”
Kurt Pribil, director of the Austrian Financial Market Authority, thinks that the nationalization of banks has shown that the Austrian state is still under pressure.
October 23, 2012
Bawag: Hungarian Exposure Shrinks
The Austrian bank gradually withdraws from Hungary. The stake in MKB Bank becomes smaller.
October 23, 2012
Merger Hutchison „3“ and Orange: EU Commission Extends Examination Phase
The Commission announced that the deadline for the deal will be postponed by three weeks.
October 22, 2012
Austrian Finance Minister and Foreign Minister Support Banking Union
Vice-Chancellor Michael Spindelegger and Finance Minister Maria Fekter meet with EU Commissioner Michel Barnier.
October 22, 2012
Siemens Austria Builds Wind Power Plant in Turkey
The Austrian subsidiary of the German technology group has received a major order from Turkey.
October 20, 2012
Polish Government: Austerity in Order to Enter Eurozone
The Polish Minister of Foreign Affairs Radoslaw Sikorski says that Poland will fulfill the Maastricht Criteria in 2015.
October 19, 2012
Fekter Interested in Hungary´s Bank Taxation Plans
The Austrian Minister of Finance wants to analyse the taxation plans of the Hungarian government thoroughly. The bank taxes would be “highly interesting”, Fekter says.
October 19, 2012
Poland Starts Privatization Program
The Polish government wants to sell state-owned assets worth € 5bn.
October 18, 2012
Austrian Trade with Russia is Booming
This year, the Austrian Chamber of Commerce expects new record results. Above all, South Russia is perceived as future market.
October 18, 2012
RBI: We Will Not Leave Hungary
Herbert Stepic, CEO of Austrian RBI (Raiffeisen Bank International) is highly dissatisfied with Hungary´s decision not to reduce bank taxes. However, RBI will stay, he says.
October 18, 2012 · Updated: October 18, 2012; 17:08
Hungary: Gross Earnings Growing
In the national economy – at corporations employing at least 5 persons, budgetary and designated non-profit institutions – average gross earnings increased by 4.7%.
October 18, 2012
Hungarian Tax Plans: Austrian Banks Annoyed
Because of the pressing need to reduce the budget deficit, Hungary´s government decided not to lower the bank tax. Moreover, the financial transaction tax will be doubled.
October 18, 2012
Austria Underlines Importance of Austerity Measures
“EU pact for growth and employment to fight high unemployment rates”: State Secretary Reinhold Lopatka at the General Affairs Council in Luxemburg.
October 17, 2012
Spindelegger in Romania: “Strategic interest in stable domestic conditions”
The Austrian Vice-Chancellor and Minister of Foreign Affairs meets Traian Basescu, President of Romania
October 17, 2012
Austrian Budget: Experts Call for Further Reforms (Part 2)
Austrian economic research institutes criticize the state budget and want the government to show more ambition.
October 16, 2012
FPÖ Files Suit Against ESM
The biggest Austrian opposition party files a legal complaint against the European Stability Mechanism (ESM) at the Austrian Constitutional Court.
October 15, 2012
Hungarian Construction Industry Shrinks
In August 2012, construction decreased by 5.3% in output year-on-year. The construction of buildings decreased by one tenth, while that of civil engineering works grew slightly.
October 15, 2012
Klaus: “Nobel Prize for EU is a Mistake”
The Czech President Vaclav Klaus criticizes the decision of the Nobel Prize Committee. For him, the decision is a “joke”.
October 13, 2012
EU Wants Austria to Reduce Bureaucracy
The Commission of the EU has presented its concept for the re-industrialization of Europe. Austria is well-positioned, but there is some potential for improvement.
October 13, 2012
Czech Government Attempts to Stimulate Growth
On the one hand, the Czech government deepens the austerity measures. On the other hand, growth-stimulating investments should be initiated.
October 13, 2012
Czech Banking Association Pessimistic
CBA has lowred its forecast on the Czech economy. The decreasing household consumption would be the main reason.
October 12, 2012
Czech National Bank Open for Interventions
At the moment, the Czech National Bank (CNB) sees no reason for weakening the exchange rate of the Czech Crown. However, CNB is ready to start interventions if necessary.
October 12, 2012
Hungary: Industrial Production Declines Slightly
In August 2012, industrial gross output declined by 0.8% compared to the same month of 2011.
October 12, 2012
Verbund Does Not Exclude Sale of Enerjisa
The Austrian energy company Verbund is said to withdraw from Turkey. However, further investments would be conceivable too, Verbund says.
October 12, 2012
Austrian Foreign Ministry Wants “Better coordination for development cooperation”
"No single country can solve all the major problems of our time alone", Austrian State Secretary Reinhold Lopatka said at the "Development Dialogue" event in Parliament today.
October 12, 2012
Poland´s Budget Deficit “Will Not Be Bigger than Planned”
The Polish Minister of finance Jacek Rostowski stresses that the planned budget deficit will not be higher than PLN 35.6bn.
October 11, 2012
Czech Economy to Shrink by 1.0% This Year
According to IMF, the Czech GDP will shrink by 1.0% this year. Next year an economic growth rate of 0.8% is expected.
October 10, 2012
Fekter Welcomes Entry into Force of ESM
Austria´s Minister of Finance "No cause for celebration, however, as we are still in the middle of stabilising the Eurozone."
October 10, 2012
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