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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
Shrinking Foreign Trade Deficit in Lithuania
In total, Lithuania´s foreign trade has grown substantially last year. Exports grew faster than imports.
February 11, 2013
Estonia Still Among Most Growing EU Countries
According to the flash estimates of Statistics Estonia, the gross domestic product (GDP) of Estonia increased by 3.7% in the 4th quarter of 2012 compared to the same quarter of the previous year.
February 11, 2013
Latvia: Industrial Sector Grows Significantly
Data of the Central Statistical Bureau show that, compared to 2011, manufacturing turnover1 at current prices in 2012 increasedby 11.9%, of which in domestic market by 5.7% and in export - by 18.2%. However, the growth flattens.
February 11, 2013
Estonia: Moderate Growth in Exports
According to Statistics Estonia, in 2012 exports of goods increased by 4% and imports by 9% compared to 2011.
February 11, 2013
Erste Group Finances Major Slovak Real Estate Project
Erste Group’s Slovak subsidiary co-refinances City Business Centre in Bratislava with EUR 34.5 million.
February 11, 2013
CESEE Office Market Shows Solid Fundamentals
CESEE office market is undergoing a stable development; rental levels remain largely solid in most of the region, Erste Group says.
February 11, 2013
Slovakia: Declining Turnover in Industrial Sector
Turnover was down in most selected sectors of economy in December 2012. The sharpest decrease was observed in the construction industry.
February 11, 2013
Czech Inflation Rate Flattens
In January, consumer prices were up by 1.3%. In the last twelve months, the price increase was 1.9%.
February 11, 2013
Slovakia: Growing Employment in Most Industrial Sectors
The development of employment and average monthly wage in selected sectors of economy has shown a mixed picture in December 2012.
February 11, 2013
Erdogan Praises Slovakia´s Support for Turkey
Turkey´s Prime Minister Recep Tayyip Erdogan has expressed his gratitude to his Slovak counterpart Robert Fico for Slovekia´s support for Turkey´s EU membership.
February 9, 2013
„Slovenia Will Become a Star Again“
In an interview with the Austrian daily newspaper “Presse”, Slovenia´s President Borut Pahor demonstrates optimism. He admits that many Slovenians feel injustice.
February 9, 2013
Czech Republic: Unemployment Grows Further
Among the new EU member countries, the Czech Republic has one of the lowest unemployment rates. However, the country cannot escape the trend.
February 8, 2013
EU Budget: Poland Among Main Beneficiaries
Although the EU budget was cut, Poland will receive more EU-funds than in the current period.
February 8, 2013
Poland: Unemployment Quota Above 14%
In January, Poland´s unemployment quota came at 14.2%, the Polish Ministry of Labor says.
February 8, 2013
Slovak Construction Fell Massively
In December 2012, construction output decreased, year-on-year, by 16,5 % to EUR 416,9 million. After seasonal adjustment, it was higher by 0,7 % compared with November 2012.
February 8, 2013
Ukraine: Foreign Exchange Reserves on the Rise
International reserves increased by USD 106 million over January 2013.
February 8, 2013
Hungary´s Foreign Trade Balance Positive
In 2012, exports as well as imports were down substantially. The surplus of trade balance amounted to EUR 192 million in December.
February 8, 2013
Slovakia: Industrial Production Declining
In December 2012, industrial production index (IPI) decreased after a long-term year-on-year growth (since November 2009).
February 8, 2013
Slovak Foreign Trade Grows
In November 2012, compared with November 2011, the total export of goods increased by 9,2 % to € 5 842,7m and the total import by 5,5 % to € 5 527m.
February 8, 2013
Poland Underlines Necessity of Cohesion Funds
At the EU summit, Poland wants to secure as much cohesion payments in the next multiannual financial framework from 2014 to 2020.
February 7, 2013
Klaus Recommends to Split Eurozone
According to the outgoing Czech President, the separation of the eurozone would be cheaper than maintaining the currency union.
February 7, 2013
Czech National Bank: Recession Goes On in 2013
According to CNB, the country has not overcome the crisis yet. This year, the Czech GDP will fall by 0.3%.
February 7, 2013
Dispute Between Croatia and Slovenia Solved
Regarding the Slovenian banking group NLB, the Slovenian Minister of Foreign Affairs and his Croatian counterpart have found a compromise.
February 7, 2013
Hungary´s Economy to Recover?
Hungarian Minister of Economics György Matolcsy says that the country may achieve the turnaround this year. Last year, several adverse factors occurred at the same time, Matolcsy explained.
February 7, 2013
IMF Is Satisfied With Progress in Ukraine
This week, the meeting between the senior officials of the National Bank of Ukraine and experts from the IMF's European Department took place in Kyiv. The co-operation will be intensified.
February 7, 2013
Kapsch and Thales Win Contract in Bulgaria
As leader of the consortium, Thales has signed a contract with the Bulgarian railway infrastructure company NRIC to provide electronic signalling and telecommunication technology for the Sofia-Plovdiv railway line.
February 7, 2013
Czech Industrial Production Slightly Decreased in 2012
Industrial production slightly decreased in 2012 after two years of growth. The year-on-year decrease started in the Q2 and gradually deepened in the following periods.
February 7, 2013
Czech Service Industry Shrinks
In Q4 2012, seasonally adjusted sales in services decreased, quarter-on-quarter, at constant prices by 1.6%.
February 7, 2013
NBP Cut Interest Rate Again
The Council of the National Bank of Poland decided to decrease the interest rates by 0.25 percentage points.
February 7, 2013
Erdogan Met Orban in Budapest
Turkey´s Prime Minister Recep Tayyip Erdogan has met his Hungarian counterpart Viktor Orban in Budapest. Orban praised the success of Turkey´s government.
February 6, 2013
Austria´s Economic Situation Is „Unfavorable“
Today, the German economic research institute ifo has published a report on the economic outlook in the Eurozone.
February 6, 2013
Romania Privatizes Freight Division of National Railways
Romania´s government sells a 51% stake in CFR Marfa, the publicly held rail freight company.
February 6, 2013
Czech National Bank Keeps Interest Rates Unchanged
The CNB Bank Board decided at its meeting today to keep interest rates unchanged. The two-week repo rate was maintained at 0.05%, the discount rate at 0.05% and the Lombard rate at 0.25%.
February 6, 2013
Czech Construction Industry Shrinks Substantially
Construction output down by 6.5% in 2012. In December 2012 the construction output declined by 17.3%, year-on-year (y-o-y).
February 6, 2013
CESEE: Economic Outook Brightens Slightly
According to a survey carried out by OeKB (Austrian Clearing Bank), investors in the CESEE region are more optimistic.
February 6, 2013
Slovak Property Market Recovers
For the first time since 2008, property prices were up in the fourth quarter of 2012.
February 6, 2013
Czech Industrial production Dropped by 1.2% in 2012
In December 2012, industrial production decreased at constant prices by 12.5%, year-on-year; working days adjusted industrial production decreased by 5.8%.
February 6, 2013
Serbia: Key Policy Rate Raised to 11.75 Percent
In its meeting, the NBS Executive Board voted to raise the key policy rate by 0.25 percentage points to 11.75 percent.
February 6, 2013
Czech Republic: Exports and Imports Grew Significantly in 2012
In December 2012, according to preliminary data of ‘border statistics’, exports and imports at current prices fell by 7.1% and 7.0%, year-on-year (y-o-y), respectively.
February 6, 2013
Romania Keeps Interest Rate Flat
In its meeting, the Board of the National Bank of Romania decided to keep the monetary policy rate unchanged at 5.25 percent per annum and too ensure adequate liquidity management in the banking system.
February 6, 2013
Necas Supports Turkish EU Membership
On the occasion of Prime Minister Erdogan´s visit in Prague, his Czech counterpart Necas assured to support Turkey´s candidacy.
February 6, 2013
Baltic Countries: Strong Increase in Retail Trade
In the EU, the volume of retail trade was down by 0.6%. In Austria, turnover in the retail trade sector is decreasing in real terms.
February 5, 2013
Slovenia: Non-Performing Loans Still on the Rise
The banking system’s high credit risk increased slightly in the first nine months of the year, but at a slower pace than in 2011.
February 5, 2013
„Hungary Needs Sustainable Reforms“
The IMF underline that the country must restore the confidence of international investors. At the moment, Hungary´s government is not forced to continue the talks with IMF.
February 5, 2013
Czech Republic: Retail Trade Shrinks
For the entire year 2012, sales in retail trade including the automotive segment decreased at constant prices by 1.1%, y-o-y.
February 5, 2013
Slovenia´s Banking Industry in Distress
Due to the economic crisis, the lending business goes down. The indebtedness of the real economy remains high. Funding costs are increasing.
February 5, 2013
Slovakia: Economic Sentiment Improves Slightly
Hard data point to a weakening of activity in the fourth quarter, but an improvement in the assessment of production expectations in industry indicates an improved outlook for 2013.
February 4, 2013
„Croatia Has No Answer to the Crisis“
Economists fear that the economic crisis in Croatia will continue this year. The government does not implement enough reforms, observers say.
February 4, 2013
Slovakia: Labor Market Puts Pressure on Household Income
The downturn in employment and weak wage developments are putting downward pressure on sales and indicate that the slump in household final consumption will continue.
February 4, 2013
Croatia Fights Against High Unemployment
In order to reduce the number of jobless workers, Croatia´s government plans to invest € 60m in labor market measures.
February 4, 2013
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