Austria and the Czech Republic - Read the latest headlines about bilateral relations in the areas of economy, diplomacy and culture
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Czech Republic in Austria | Czechs in Vienna | Bilateral Relations

AUA Give Up Their Focus on CEE

Austrian Airlines are going to improve their connections to Western Europe at the expense of their destinations in the East. The company is currently serving 46 airports in CEE.

May 30, 2011

Purchasing Power Parities 2011 from the Austrian Perspective

US travelling is cheap due to the strong euro. Austrians have high purchasing power advantages of around 50% in the Czech Republic, Slovakia and Hungary.

May 27, 2011

Alpine Lands Pipeline Project in Czech Republic

The Austrian construction company is going to build 105.8 km of a new gas pipeline. The contract value is € 76.7m.

May 26, 2011

Eastern Europe Becoming Attractive Again

For two years Austrians have abstained from investing in Eastern Europe, resulting in a loss of market share in these countries. Interest starts to recover now.

May 25, 2011

CA Immo Sold Two Shopping Centers in the Czech Republic

The Austrian real estate group and a Czech investor agreed on the sale of two malls for an amount of € 96m.

May 24, 2011

Declining Sales at UBM

The Austrian real estate company hat do report a decline in sales of 15%. However, profits rose slightly.

May 13, 2011

Expansion Plans at Erste Group and Raiffeisen

RBI is drawn increasingly to the Czech Republic, while the Erste Group focuses on the Polish banking market.

May 13, 2011

VIG Re: Significant Improvements in Results

The premium volume of the Czech subsidiary of the Vienna International Group rose by 9.1% to € 280.6m.

May 3, 2011

Erste Group: Slight Increase in Profits Expected

UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.

April 27, 2011

Erste Group Manages € 1.00bn increase of Slovak sovereign bonds

Total orders at approximately € 1.4bn from almost 80 investors . Approx. 80% have been subscribed internationally, mostly from Czech, Germany, Austrian, Benelux and Asian investors

April 18, 2011

Real Purchasing Power: The Gap Between Austria and the CEE Region is Getting Smaller

For the coming years, a steady rise in unit labor costs in the CEE countries with the corresponding impact on the competition for business locations is expected.

April 16, 2011

Austrian Construction Industry Aims at the Czech Republic

Despite the current downturn in the Czech construction market, the Economic Chamber presently recommends making use of the traditionally good relations with the Czech Republic.

April 13, 2011

No Rush Expected on the Labor Market after the End of the Transitional Periods

After 30 April 2011, an additional access to the Austrian labor market of about 11,500-16,500 people annually from Hungary, the Czech Republic and Slovakia is expected.

April 12, 2011

Environmental Technology Industry in the Czech Republic Holds Hopes for Austrian Companies

The neighboring country, despite making progress, continues to lag behind in energy efficiency and environmental technology.

April 9, 2011

Economic Growth in CEE and Austria Remains Solid

Concerning the equity markets as well as the economic circumstances, Raiffeisen Research is quite optimistic. In 2011, a further economic recovery is expected.

April 6, 2011

Foreign Capital Inflows Make a Comeback to CEE

Foreign direct investments picked up by 9% in CEE; Czech Republic scored best in attracting FDIs, says Erste Group.

March 30, 2011

Škoda Increases Efficiency with S&T

The Austrian software company concluded a new IT-system for the Czech car manufacturer.

March 11, 2011

Hardly any Effects Expected by Labor Market Opening

As of May 1, 2011, the citizens of the countries which joined the EU in 2004 will be able to work in Austria without any restrictions. The effects should be kept within certain limits.

March 4, 2011

Henkel CEE grows in Eastern Europe

The German company, which has set up its Eastern European headquarters in Vienna, achieved a sales increase of 6%.

February 26, 2011

Spar: Moderate Growth in Market Share

The Austrian food trade group recorded a sales increase of 4.4% in the previous year. Growth in the CEE region turns out weaker.

February 18, 2011

Strong Growth for bauMax

The do-it-yourself group increased its sales in Austria and Eastern Europe in 2010.

February 18, 2011

Sales Increase for Waldquelle

The Austrian-Czech mineral water producer increased its sales moderately in 2010. The market share increases continuously.

February 11, 2011

Upward Trend for CEE Insurance Stocks

CEE insurance stocks to get a boost from rising profits, cheap valuation and stronger investor demand.

February 10, 2011

Business Climate Improves in Eastern Europe

According to the Austrian Kontrollbank (OeKB), the Business Climate Index has risen in Eastern Europe for the seventh consecutive time.

February 9, 2011

Rising Bankruptcy Fears in Eastern Europe

The Austrian Creditor Protection Association “Creditreform” foresees a further rise in bankruptcies in Eastern Europe. The economic crisis is not over yet.

February 9, 2011

150 New Bank Austria Branches in Eastern Europe

The new board of the CEE Division of Bank Austria presented the group's expansion plans for Eastern Europe. By 2015, 900 branches are to be added.

February 9, 2011

Investments in Renewable Energies in the CEE are booming

According to a study by TPA Horwath, Austrian companies will expand massively their involvement in the field of renewable energies in the CEE region.

February 4, 2011

Vienna Insurance Group Shows 15% Increase in Profits

Significant plus of Group profit for the year (before taxes) by almost 15 percent to about € 505m. Increase of premiums written by 6.1 percent to € 8.7bn.

January 25, 2011

Strabag: Layoff Wave in the Czech Republic

Because of the weak order situation, the Austrian construction group dismisses up to 380 employees at the Czech location.

January 20, 2011

CEE Economic Growth Forecast: 3.8% in 2011

According to UniCredit, especially Turkey, Poland, Czech Republic and Estonia will bounce back impressively due to stronger industry and domestic demand.

January 13, 2011

CEE: Raiffeisen Remains Optimistic

The analysts of the Austrian Raiffeisen International Bank give Austria and the CEE good growth prospects. However, there still remain known risks.

January 12, 2011

Satisfaction at CEE Stock Exchange Group

The CEE Stock Exchange Group (CEESEG) looks back at a “busy and successful year 2010”.

January 5, 2011

CEE Stocks to Climb by 20% in 2011

Erste Group analysts recommend: stock picking rather than sector allocation. 2011 to be a positive year for equity investments.

January 5, 2011

Structural Change in Austrian Winter Tourism

Despite the current good bookings in Austrian winter tourism, the industry will have to reorient in the long term. Guests may fail to appear soon.

December 31, 2010

Austria's Labor Market Opens

As of May 1, 2011 the German and Austrian labor markets open for the new EU citizens. Romania and Bulgaria will follow suit in 2013.

December 30, 2010

Czech Railways Considers to Acquire ÖBB-Railjets

The Austrian Federal Railways doesn´t want to exercise its option to buy further Railjets from Siemens.

December 28, 2010

OeNB: Recovery of the Financial System in a Persistently Uncertain Environment

The OeNB considers that domestic banks benefit from the positive development in the CEE region. However, uncertainties stay on as before.

December 15, 2010

Joint Venture Between Swiss and Austrian Post

The Swiss and the Austrian Post have planned a joint venture to bundle international activities. The EU Commission has now issued its authorization.

December 1, 2010

Austria's Position in the CEE Region Shakes

According to the Roland Berger consultancy agency, Austria receives not only competition in the CEE countries, but the importance of the region also decreases from a global viewpoint.

December 1, 2010

Solid Growth inTrade Between Austria and the Czech Republic

Exports between the two countries rise by around 20%. Cooperation is to be extended also to research.

November 22, 2010

UniCredit: Expansion to the Czech Republic, Poland and Turkey

UniCredit’s subsidiary Bank Austria functions as an Eastern Europe Holding. 40% of the net income of the group comes from the region by now.

November 19, 2010

Warimpex Announces Results of Q1-Q3 2010

Upward trend continues in the third quarter of 2010: Sales up by 21 percent.

November 17, 2010

Immofinanz Expands into the Czech Republic and Slovakia

Immofinanz established a new retail concept: STOP.SHOP. has grown in both importance and size in recent years. The Czech Republic and Slovakia are the most important countries.

November 11, 2010

Erste Group: CEE Companies More Efficient than Western Counterparts

CEE companies are more efficient, more profitable and less indebted as Western companies. The German corporate sector is the only sector to compete with CEE companies.

November 10, 2010

Raiffeisen CEO Stepic: CEE Continues Being Europe’s Growth Driver

The boss of Raiffeisen Bank International Bank (RBI), Herbert Stepic, sees the CEE region continuing as long-term growth driver for Europe.

November 8, 2010

Wienerberger Plans Full Takeover of Semmelrock International

The purchase of the remaining 25% stake in Semmelrock International has been announced today. Wienerberger regards the acquisition as a “logical step”.

October 29, 2010

Coface CEE Top 500 - Poland Largest Number of Companies in CEE

Poland has the largest number of companies in the Central and Eastern Europe Top 500 with 28.4%. Hungary ranks second with 16.6%, overtaking the Czech Republic, which is home for 13.8% of the CEE Top 500.

October 12, 2010

Brokerjet intends to expand into Poland

The Austrian online broker Brokerjet, a subsidiary of ecetra Central European e-finance AG (ecetra means Erste Bank Central European Trading), a wholly-owned subsidiary of Erste Bank Group, is already active in the Czech Republic and Slovenia.

October 1, 2010

Raiffeisen Invests in New Branches in the Czech Republic

Raiffeisenbank a.s., the fifth largest bank in the Czech Republic, expands its network of branches in the neighboring country.

September 29, 2010

CEE Real Estate: Outlook is brightening

CEE real estate stocks are currently in a phase of brisk corporate action. Financially sound companies with attractive assets are interesting takeover targets, while other companies are being taken over.

September 27, 2010