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Czech Republic in Austria | Czechs in Vienna | Bilateral Relations

Czech Republic to Crawl out of Recession

In the second quarter the Czech economy grew by 0.7 percent compared to the first quarter.

August 15, 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

20,000 Bank Shops Have Closed Since Beginning of Crisis

60 percent of the costs in the business with private clients are caused by bank shops. Still, banks are hesitant to close them as they fear the loss of long-term clients.

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

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

Kapsch and the Czech Road and Motorway Directorate ŘSD recognized for transportation technology

Seven to ten wrong-way drivers per month are discovered in the Czech Republic through the use of Austrian transportation technology

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

Raiffeisen Bank International AG - SWOT Analysis & Company Report

This report contains in depth information and data about Raiffeisen Bank International AG and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data and a SWOT analysis.

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

Credit Crunch in CESEE?

The capital outflow in the CESEE region accelerates. The European Bank for Reconstruction and Development (EBRD) fears negative consequences for the real economy.

August 7, 2013

UniCredit to Focus on Poland, Turkey and Russia

UniCredit´s CEO pursues a selective growth strategy. The Austrian subsidiary recorded losses in the retail segment.

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

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

„CESEE Will Come Back“

Andreas Brandstetter, CEO of the Austrian insurance group Uniqa, thinks that Central and Eastern Europe will recover.

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

RBI Considers Withdrawing from Hungary

The Austrian banking group Raiffeisen Bank International wants to focus on other markets. Hungary and Slovenia are shrinking markets, CEO Karl Sevelda says.

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

Strong Signs of Life in CESEE Airline Sector

After a couple of difficult years, the airline industry in the CESEE region takes a re-start. In Hungary and Serbia, Arab investors have entered the stage.

August 5, 2013

CESEE: „Growth Story Did Not End“

In an interview with the Austrian newspaper “Presse”, chairman of the CEESEG supervisory board Willibald Cernko explains that Central and Eastern Europe needs a new growth model.

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

Czech Industry Highly Dominated by Foreign Investors

In total, 42% of the company´s capital is controlled by non-domestic investors. This is the result of a study compiled by Bisnode.

August 2, 2013

CESEE Remains Attractive for Austrian Investors

According to a survey, the region of CESEE is still attractive to Austrian investors. Particulary the bigger countries – Poland, Turkey and Russia – are becoming even more popular.

August 1, 2013

Czech Republic: Unwilling to Join Eurozone?

In 2012, the country missed two out of four criteria for the introduction of the single currency. According to the statistical office it was the worst result in five years. It is not yet clear when the Czech Republic is ready to join the Eurozone.

July 31, 2013

EVN Forced to Lower Electriciy Prices in Bulgaria

Austrian energy provider EVN is ordered by the regulator to drop electricity prices.

July 30, 2013

Czech Republic: US Export-Import Bank Offers Loan for Temelin

The official export credit agency of the United States offers a loan under the condition that Westinghouse wins the tender.

July 30, 2013

Czech Republic: President Zeman Names 15 New Ambassadors

The step had been delayed for several months over Zeman’s dispute with Foreign Minister Karel Schwarzenberg over the filling of ambassadorial posts in Bratislava and Moscow.

July 26, 2013

Czech Republic to Remain in Recession

The Czech economy will, according to the Finance Ministry in Prague, shrink by 1.5 percent and only start growing again in 2014 by 0.8 percent.

July 26, 2013

Czech Republic: CEZ to Postpone Completion of Temelin

Czech energy company CEZ announced that the decision for the finalization of nuclear power plant Temelin will take at least a year longer than planned.

July 25, 2013

Czech Banking Industry Reduces Lending Significantly

According to a survey issued by the Czech National Bank, banks tightened their credit standards in all the monitored credit market segments in 2013 Q2.

July 22, 2013

Construction Industry Shrinks Drastically in Czech Republic and Poland

Euro area production in construction down by 0.3% and down by 0.2% in EU27.

July 17, 2013

Czech Republic: Gloomy Prospects for Economy

The Czech economy is shrinking. According to experts, new Prime Minister Jiri Rusnok will not be able to change much. Enterprises have started to cut back on investments.

July 12, 2013

Erste Group Bank AG - SWOT Analysis & Company Report

This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.

July 12, 2013

New Czech Government Sworn In

Czech President Milos Zeman has announced the new government of Prime Minister Jiri Rusnok on Wednesday and sworn in. The team of 15 mostly independent experts replaces the cabinet of Petr Necas, who has stepped back due to a corruption scandal.

July 10, 2013

Visegrad Four Support Ukraine’s EU Integration

At the V4 summit in Wisla/Poland Slovak President Gasparovic announced yesterday that the V4 countries are interested in Ukraine’s successful European integration, particularly in signing the Assciation Agreement with the EU.

July 4, 2013

Conwert Pushes Portfolio Streamlining In CEE

The Austrian ATX-traded conwert Immobilien Invest SE has successfully sold a commercial property in the city of Brno, Czech Republic.

June 28, 2013

Austrians to Invest Strongly in FDIs

Austrian investors have increased their direct investments in foreign countries by eleven percent to a total of € 145.5bn while FDIs in Austria remain unchanged at € 118.3bn.

June 26, 2013

Czech Republic: Rusnok New Head of Government

Czech President Milos Zeman has appointed his confidant Jiri Rusnok head of a government of experts.

June 25, 2013

Zeman Favors Government of Experts

After Prime Minister Petr Necas‘ resignation, President Milos Zeman prefers the induction of a government of experts.

June 24, 2013

Czech Republic: Zeman’s Turn to Announce New PM

After Czech ruling party ODS has nominated Miroslava Nemcova, Chairwoman of the Chamber of Deputies, as candidate for the ministerial office, it is now President Milos Zeman’s turn to appoint the head of government.

June 21, 2013

Czech Republic: Nemcova Nominated As Prime Minister

Petr Necas’ handed in his resignation on Monday after a bribery scandal.

June 19, 2013

Slovakia and Unicredit in a Dispute

In Slovakia a dispute between Unicredit and the state has incensed. This could negatively affect the planned merger with a Czech affiliate in 2014.

June 17, 2013

V4 Want Free Trade Zone Between EU and Japan

The Visegrad Four Group (V4), which consists of Poland, the Czech Republic, Slovakia and Hungary, support the creation of a free trade zone between the European Union and Japan.

June 17, 2013

Czech Republic: Necas Steps Back

Czech Prime Minister Petr Necas draws the conclusion from his corruption scandal and announced to step back.

June 17, 2013

CEESEG Exchanges Offer Very Attractive Valuations

Valuations of all exchanges in the CEE stock exchange group (CEESEG) appear to be very favourable at the moment.

June 17, 2013

Czech Republic In Turmoil Over Corruption Scandal

The Czech Republic’s political landscape is in turmoil due to the scandal. The investigations have begun on Thurday with country-wide raids. More and more bizarre details seem to appear.

June 14, 2013

Half of Czech Republic’s Citizens Unsatisfied With Zeman

The Czechs are divided about the administration of President Milos Zeman.

June 12, 2013

Highwater Damages for VIG Up to € 45 Million

Austria’s biggest insurer estimates with net costs double the amount than in 2002.

June 11, 2013

WKO Export Day in Vienna

On June 20, the Export Day (Exporttag) of the Austrian Chamber of Commerce (WKO) will take place in Vienna. Economic delegates from all over the world will be present.

June 8, 2013

Moody's: Overall Fiscal Situation In CEE Is Improving

Because of austerity measures in most of the countries, the economic situation is slowly but steadily improving.However, the latest competitiveness report pains a bleak picture of the future.

June 7, 2013

WIIW: FDI in CESEE to Decline

The Vienna Institute for Economic Studies (WIIW) forecasts a decrease of 20 percent in foreign direct investments.

June 7, 2013