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Eastern European Countries and Austria | Bilateral Relations
Austria and Eastern European countries - Latest headlines about bilateral relations in the areas of economy, business, diplomacy, culture and tourism
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Takeover of Serbian Sugar Producer Sunoko by Agrana on Hold
The takeover of the Serbian sugar manufacturer Sunoko by the Austrian sugar, starch and fruit manufacturer Agrana has failed due to problems on the European sugar market.
May 4, 2018
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Meet the Ambassador of the Principality of Liechtenstein to Austria: H.S.H. Maria-Pia Kothbauer, Princess of Liechtenstein
Her Serene Highness Maria-Pia Kothbauer, Princess of Liechtenstein is the Ambassador Extraordinary and Plenipotentiary of the Principality of Liechtenstein to Austria and the Czech Republic. She also serves as Liechtenstein's Permanent Representative to the OSCE and to the United Nations. She would explain the country of Liechtenstein to a stranger as follows: "One of Austria's eight neighbours, closely related to Vorarlberg in terms of landscape and character, a German-speaking constitutional hereditary monarchy with a highly-developed system of direct democracy, economically liberal, business-friendly and innovative, simultaneously urban and rural, debt-free, a country with a very high quality of life."
May 2, 2018
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Vienna's Attractiveness as a Location for Business Continues to Grow
For the sixth year in a row, Vienna recorded the highest number of companies settling in the city. After Vienna had already achieved a record figure in the previous year with 178 international new additions, this was again exceeded last year with 191 new companies, which is an increase of 13%. These business establishments together are responsible for investments totalling €537 million and 1,087 new jobs. There are 344 new foreign invested businesses throughout Austria. German companies remain the number one investors in Austria.
April 30, 2018
The Window of Opportunity for the Western Balkans
Will the Western Balkan countries be able to take advantage of the moment and will it bring the year 2018 closer to the European Union? In February 2018, a new Enlargement Strategy was presented in Strasbourg by the EU Commission. Bulgaria, currently having the Presidency of the Council of the EU, will organize a major Balkan’s Summit in May. Austria, for a long time one of the most prominent promoters of the EU Enlargement for the Western Balkans and a country deeply intertwined with the region, will assume the EU presidency in the second half of 2018. This year represents one of the crucial moments for enlargement as major steps need to be undertaken to reach the goal of making the enlargement perspective realistic for 2025.
April 26, 2018
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What does the Vienna-based ICMPD and its Director General Michael Spindelegger do?
The International Centre for Migration Policy Development (ICMPD) was founded in 1993 in Vienna on the initiative of Austria and Switzerland with the aim of making migration and mobility of people orderly, safe and regular, including through the implementation of planned and well managed migration policies. The aim is to counteract the often short-term thinking of governments so that sustainable solutions can be found and implemented in the medium and long term to combat and overcome the migration crisis. From this point of view, the tasks of the ICMPD have become extremely topical and important due to the refugee crisis.
April 26, 2018
Goals for Austria's Presidency of the Council of the European Union
On 1 July 2018, Austria will take over the Presidency of the Council of the European Union from Bulgaria. During its Presidency of the Council of the European Union (1 July to 31 December 2018), guided by the motto "A Europe that protects", Austria will focus on three key areas: security and the fight against illegal migration, retaining competitiveness through digitalisation, and stability in the neighbouring regions (particularly the accession of the Western Balkans to the EU).
April 25, 2018
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Soros's Central European University is to Remain in Budapest
The Central European University (CEU) donated by US billionaire George Soros does not plan to move to Berlin or Vienna, but expects the Hungarian government to sign the agreement with the State of New York as soon as possible so that the CEU can remain in Budapest.
April 20, 2018 · Updated: April 20, 2018; 19:10
The New Balkans in the Year of Hope for EU Enlargement
2018 has been frequently described as the „year of hope“ for EU enlargement and for the Balkans. In February 2018, a new Enlargement Strategy was presented in Strasbourg by the EU Commission. Bulgaria, currently having the Presidency of the Council of the EU, will organize a major Balkan’s Summit in May 2018. Austria, for a long time one of the most prominent promoters of the EU Enlargement for the Western Balkans and a country deeply intertwined with the region, will assume the EU presidency in the second half of 2018. 2018 represents one of the crucial moments for enlargement as major steps need to be undertaken to reach the goal of making enlargement perspective realistic for 2025.
April 20, 2018
Meet the Ambassador of Montenegro to Austria: H.E. Mr. Zeljko Perovic
The new Ambassador of Montenegro to Austria Mr. Zeljko Perovic presented President Alexander Van der Bellen with his letter of accreditation at the Vienna Hofburg.
April 16, 2018
Telekom Austria Prepares Expansion in the Western Balkans
Telekom Austria is strategically strengthening its search for takeover targets and has made EUR 1 billion available in the war chest. CEO Alejandro Plater has announced his intention to expand again in the Western Balkans (Serbia, Croatia and other countries of former Yugoslavia).
April 11, 2018
VIC Strengthens Presence in Hungary and Slovakia
Hungary’s central bank approved the merger of the three VIG Group companies. As a result VIG will be represented in Hungary solely by the insurance company Union Biztosító. In Slovakia, bancassurer Poisťovňa Slovenskej sporiteľne (PSLSP) will merge with Kooperativa poisťovňa.
April 3, 2018
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Vienna - Moscow: Maintaining All Communication Channels Is Crucial
All the evidence suggests that Russia is to blame for the poison attack on former double agent Sergei Skripal in Salisbury. To date, 19 EU countries and 7 non-EU countries have expelled more than 150 diplomats. By deciding not to expel Russian diplomats, Austria is opposing most of its partner countries.
March 27, 2018
AUA Starts with Summer Flight Schedule 2018: More Flights to Germany, but CEE Remains Core Market
Austrian Airlines offers a flight program with 138 destinations in 55 countries in summer 2018.
March 26, 2018
Hungary Forces Central European University of US Billionaire Soros to Move to Vienna
In view of the political pressure exerted by the Hungarian government under the proposed amendments to Act CCIV of 2011 on Hungarian National Higher Education, the Central European University (CEU) of US billionaire George Soros feels compelled to look for alternatives. The city of Vienna naturally offers itself as an excellent alternative or supplement. The CEU and the City of Vienna are already in negotiations about a memorandum of understanding (MoU) that would enable CEU to open a satellite campus site in Vienna. The Otto Wagner area at Baumgartner Höhe is being examined as a possible location.
March 16, 2018
RBI Doubles Net Profit, Pays Dividends Again and Returns to Growth Course
RBI - Raiffeisen Bank International has doubled its profit in 2017 and rewards shareholders. They have not received any dividends since 2013. The bank had to pursue a sharp austerity course, reduce international business volumes, close branches in Eastern Europe and stop dividend payments. Russia remains the most important source of income.
March 15, 2018
The OSCE in 2030: Undivided Security in Europe Now More at Risk Than 10 Years Ago
In the Austrian National Defence Academy, the security issue "The OSCE in 2030: Undivided Security in Europe restored?" was discussed in the form of a public panel discussion. At the invitation of the International Institute for Peace (IIP), the Karl-Renner-Institut, the Scientific Cluster for Polemology and Legal Ethics, the FES Regional Office for Cooperation and Peace in Europe (ROCPE), the Austrian National Defence Academy and the ISP Institute for Security Policy, Hannes Swoboda as moderator and the panelists Thomas Greminger, Fyodor Lukyanov, Stephanie Liechtenstein, Alena Kupchyna discussed the hoped-for security policy development of Europe and the OSCE.
March 7, 2018
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Chancellor Kurz Visits President Putin: "The situation in Syria is dramatic"
Austrian Chancellor Sebastian Kurz traveled to Moscow to meet Vladimir Putin. The focus of the trip was a working meeting with the Russian President, with whom Kurz discussed, among other things, the bilateral relations of both countries, the relationship between Russia and the EU, the Ukraine conflict and the current situation in Syria.
February 28, 2018
The Western Balkans Remain a Priority of Austrian Foreign Policy
Because of a common history and the tradition of political, cultural and economic relations, Austrian foreign policy has always attached particular importance to the Western Balkans. The primary goal of Austrian foreign policy is to support the transformation of the Western Balkans area into a zone of stability. From the Austrian perspective there is only one option for the Western Balkans: a full European integration of the region. However, the political commitment from the regions' leaders is expected.
February 28, 2018
Expansion of Airport City of Vienna International Airport Will Create More than 1,000 New Jobs
Vienna International Airport (Flughafen Wien AG) reports an improvement in the earnings outlook and projected traffic results for 2018. Net profit for the period before non-controlling interests is up to at least EUR 140 million, passenger growth of over 7% in the group and 5% at Vienna International Airport. The management board will propose to the Annual General Meeting that an increased dividend of EUR 0.68 per share should be distributed. Also, the expansion of the Airport City will create more than 1,000 new jobs. The Flughafen Wien Group, including its strategic foreign investments in Malta and Kosice Airports, anticipates passenger growth of more than 7% in 2018.
February 27, 2018
Historical Connection Between Klosterneuburg Monastery and Croatia
The Croatian ambassador in Austria, DDr. Vesna Cvjetković, visited the monastery Klosterneuburg, where the close historical ties became visible.
February 15, 2018
Telekom Austria AG / Results for the Full Year 2017
Telekom Austria Group announces its results for fourth quarter and full year 2017, ending 31 December 2017. Group total revenues rose by 3.0% on a proforma basis (reported: +4.1%), EBITDA increased by 2.0% (rep.: +3.2%). Revenue increase driven by growth in fixed-line service revenues and equipment revenues, while mobile service revenues were lower due to roaming; the revenue increase was driven by all markets except for the Republic of Macedonia.
February 13, 2018
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List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
The Vindobona table below is an updated list of National Days of all nations, which belong to at least one of following categories: Foreign Missions and Delegations in Vienna, Austria; Diplomatic Corps and other representations in Austria; International Organizations in Vienna and Permanent Missions; Missions and Delegations to the OSCE.
February 11, 2015 · Updated: February 7, 2018; 08:12
Kapsch TrafficCom Not Affected by Polish Government's Cancellation of Tender for Nation-Wide Tolling System
Poland's government has cancelled the tender for a nation-wide tolling system, because the government intends to have the tolling system operated by its own government agencies. Kapsch TrafficCom confirms that its contract regarding the operation of the existing nation-wide tolling system is not affected by this.
January 22, 2018
Strabag building two more sections of S7 in Poland for around € 200 million
Two subsidiaries of publicly listed construction group Strabag SE have been awarded the contract in Poland to design and build two sections of the S7 expressway north of Warsaw. The two orders have a total value of PLN 828 million, which is equivalent to approx. EUR 198 million.
January 12, 2018
Strabag Secures Orders in Poland for 170 Million Euros
Austria's largest construction group has received orders worth 170 million euros in Poland. The General Directorate for National Roads and Motorways (GDDKiA) awarded three road contracts to the Polish subsidiaries of Strabag, said the listed company in a release.
October 31, 2017
Western Balkans Summit was Held in Paris
Following the 2014 Western Balkans Summit in Berlin and the Vienna Western Balkans Summit of August 2015, the third Western Balkans Summit was held in Paris in the context of the ‘Berlin Process’. More than 500,000 of the people with migration background who live in Austria are from the region. Austrian companies have hundreds of branches or subsidiaries in the Western Balkans, which clearly illustrates the very close economic relations.
July 8, 2016
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Western Balkans Countries Discussed Investment, Jobs and Integration in Vienna
The World Bank and the Vienna Institute for International Economic Studies (wiiw) held a high-level policy dialogue on ‘Investment, Jobs and Integration’ last week. Ministers and senior officials from the Western Balkans region as well as policy experts from international organisations and the business community gathered to discuss the challenges the region is currently facing, in particular the high unemployment rate, low international competitiveness, and lack of modern infrastructure.
July 8, 2016
Vienna Insurance Group Buys AXA Subsidiaries in Serbia
Vienna Insurance Group (VIG) is acquiring AXA’s life and non-life companies in Serbia. The purchase will increase VIG’s market share in Serbia to around 11.5 percent.
July 7, 2016
RBI Closes Sale of Raiffeisen Banka in Slovenia
Following the completion of all regulatory requirements, Raiffeisen Bank International AG (RBI) formally closed the sale of its Slovenian bank, Raiffeisen Banka d.d. The sales price will be kept confidential.
July 1, 2016
CESEE Outlook: Modest Recovery - EU is Obstacle to Growth – BREXIT Poses Uncertainties
According to the latest prognosis of the Vienna Institute for International Economic Studies, the countries of Central, East and Southeast Europe (CESEE) will have a trend growth rate of up to 3% in the period of 2016-2018. This is 1-1½ percentage points higher than average growth in the eurozone. Consumption will be the main growth driver. The Austrian economy is still benefiting from its economic ties with the region. Direct effects of BREXIT on the region will be limited – indirect effects for the European economy as a whole may be considerable.
June 29, 2016
Closing of Visa Takeover Brings EUR 97 Million Pre-Tax Profit to RBI
The expected pretax profit from the cash payment of the transaction will be EUR 97 million. It should be booked under net income from financial investments in the second quarter of 2016. Visa Inc. had announced the takeover of Visa Europe Ltd. in November of 2015. The cash payment of this one-off effect will be split between Slovakia, Romania, Czech Republic, Poland, the RBI head office, Croatia, Bulgaria, Hungary and Zuno.
June 21, 2016
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20 Years Comprehensive Nuclear-Test-Ban Treaty (CTBT): Ministerial Meeting at VIC
Marking the 20th anniversary of the signing of the Comprehensive Nuclear-Test-Ban Treaty (CTBT), a Ministerial Meeting was held at Vienna International Center. Hosting some 40 international organizations, Austria is a hub for the promotion of peace, safety and security, sustainable development and the fight against crime, drug abuse and terrorism.
June 20, 2016
Central European Initiative Discusses Refugee Crisis in Banja Luka
Foreign Ministers of the 18 member states of the Central European Initiative (CEI) met in Bosnia Herzegovina, which holds the initiative’s annual rotating Chairmanship this year. Discussions mainly focused on the refugee crisis and potential solutions.
June 20, 2016
Symposium in Vienna: "Current Security Challenges for Europe: NATO, its Partners and the Warsaw Summit"
The upcoming summit of the North Atlantic Treaty Organization (NATO) in Warsaw from 8th to 9th July 2016 sees the organization facing numerous challenges. The withdrawal of combat troops from Afghanistan and rising tensions in the European area – from the conflict in Ukraine to the migration crisis, effected the question of the role of NATO’s Partnership for Peace under the new circumstances. A conference in Vienna with the working title "Current Security Challenges for Europe: NATO, its Partners and the Warsaw Summit" intends to discuss these and other pertinent issues.
June 16, 2016
Austria to Open Embassy in Tbilisi this Summer, Latvia to be Closed
Austria is soon to open an embassy in the Georgian capital Tbilisi, the Austrian Foreign Ministry informed journalists following a meeting between Kurz and his Georgian counterpart Mikheil Janelidze.
June 10, 2016
Ursula von der Leyen to Visit Vienna to Discuss Defence Issues
As part of an official visit to Vienna, Ursula von der Leyen, Minister of Defence of Germany, which currently holds the OSCE Chairmanship, will meet OSCE Secretary General Lamberto Zannier. During their meeting, von der Leyen and Zannier will discuss the role of the OSCE focusing in particular on the crisis in and around Ukraine. They will also explore possibilities to strengthen the OSCE and its capabilities.
April 29, 2016
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Long-Distance Coach Operator Flixbus to Compete with ÖBB Austrian Railways
Austrian state-run rail company ÖBB Austrian Railways is facing increasing competition of German mobility provider Flixbus which has just launched its third connection for Austria's regional capital cities, between Graz and Salzburg. In January 2016 FlixBus announced its entry to the markets of Central and Eastern Europe with the new branch FlixBus CEE. This includes six countries (Czech Republic, Slovakia, Hungary, Poland, Slovenia and Croatia) with new lines in the making. () am
April 27, 2016
RBI Not to Sell Zuno Bank to ABH Holdings
The sale of Raiffeisen Bank International’s (RBI) direct bank Zuno to the Alfa Banking Group will not be concluded because ABH Holdings withdrew from the contract of sale.
March 1, 2016
The Western Balkans Conference Which Led to Row Over Worsening Refugee Crisis
Convened on the initiative of Austrian Foreign Minister Sebastian Kurz and Austrian Minister of the Interior Johanna Mikl-Leitner, the Western Balkans conference “Managing Migration Together” was held at the Federal Ministry of the Interior in Vienna. 18 foreign and interior ministers from the Western Balkans attended the conference. The participants included the foreign and interior ministers of Albania, Bosnia and Herzegovina, Bulgaria, Croatia, Kosovo, Macedonia, Montenegro, Serbia and Slovenia.
February 26, 2016
Erste Group Provides Blackstone with a 5-Year EUR 91 Million Facility
Erste Group provides Blackstone with a 5-year EUR 91 million facility to acquire 12 logistics assets. The 265000 sqm portfolio covers 12 standing logistics investments located in Hungary (5), Romania (4), Poland (2) and Slovakia (1), as well as land reserves.
February 22, 2016
Activ Solar Files for Reorganisation in Austria, Debts Reach EUR 500 Million
Vienna-based Activ Solar GmbH announced that it is bankrupt and that it has filed for reorganization in Austria due to its investment exposure in Ukraine. The company has amassed debts to the tune of EUR 500 million.
February 10, 2016
Czechs Jirí Šmejc and Karel Komárek Want to Take Control of Casinos Austria
The Czech consortium Austrian Gaming Holding (AGH) of billionaires Jirí Šmejc and Karel Komárek, headquartered in Prague may soon be new majority owner of Casinos Austria AG. According to the Federal Competition Authority (BWB), Austrian Gaming Holding intends to increase one hand its stake in Medial to 88.89 percent and on the other hand to acquire 16.79 percent of Casinos Austria AG shares. Through these acquisitions, AGH will hold directly or indirectly 50.82 percent of the shares and thus acquire sole control of the CASAG.
January 21, 2016
Central and Eastern Europe's Financial Elite Gathered at the CEE Forum in Vienna
The 21st Euromoney Central and Eastern European Forum ended in Vienna today, where 1000 delegates from the region joined local and international investors to help plan, debate and analyze the economic agenda for the region for the year ahead. The vast majority of the delegates have a negative outlook for the year 2016. Only one of the participants expects that this year CEE will grow more than 3.5%.
January 20, 2016
Central and Eastern European Forum in Vienna next Week
The Central and Eastern European Forum - organized by Euromoney - is taking place in Vienna next week. 1,000 top level policymakers, issuers, and commentators from the region will join local and international investors to help plan, debate and analyze the economic agenda for the region for the year ahead.
January 13, 2016
Strabag Builds Hydroelectric Power Plant in Bosnia-Herzegovina Worth € 57 Million
A consortium consisting of Austrian construction group Strabag and Croatian industrial company Končar has been awarded the contract to build the Vranduk power plant on the river Bosna on behalf of energy supply company JP Elektroprivreda BiH.
January 11, 2016
Kapsch TrafficCom AG / Bid opening for tender for electronic tollcollection system in Slovenia
Kapsch TrafficCom AG (ISIN AT000KAPSCH9), listed on the Vienna Stock Exchange in the prime market segment, informs that Slovenian motorway company DARS d.d. has opened the bids received for the tender for a nationwide electronic toll collection system for vehicles above 3.5 tons total weight.
December 17, 2015
Report: Drug Money and Opiate Trafficking on the Balkan Route
A report recently launched by the United Nations Office on Drugs and Crime (UNODC) shows that the total value of illicit heroin and opium trafficked from Afghanistan to Western Europe through the Balkans amounts to some $28 billion every year. Sixty-five per cent of this total ($18 billion) is generated in Western and Central Europe.
December 14, 2015
US Company Contour Moves European Headquarters from Paris to Vienna
The Vienna-based European headquarters will be the strategic centre for all thermal and renewable energy facilities in Austria, Italy, Czech Republic, Romania, Poland, Slovakia, Bulgaria, Armenia, Spain, Northern Ireland and Ukraine.
December 11, 2015
Austrian Ministry of Foreign Affairs: Council of Ministers Places 27 New Diplomats at Head of Embassies
The Council of Ministers of the Austrian Ministry of Foreign Affairs has decided to place 27 new Austrian diplomats at head of Austrian Embassies worldwide.
December 10, 2015
RBI Sells Slovenian Subsidiary to US Private Equity Firm Apollo
Raiffeisen Bank International AG (RBI) has reached an agreement to sell its Slovenian bank, Raiffeisen Banka d.d., to Biser Bidco, which is managed by an affiliate of Apollo Global Management, LLC. The purchase price has not been disclosed. The expected deconsolidation effect on RBI’s consolidated result will amount to minus EUR 49 million.
December 10, 2015
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