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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
Czech Republic: Government Crisis Solved
The Czech government remains for the time being. Before, the smallest governing party seemed to leave the coalition.
January 9, 2013
Hungary Suffers from Capital Outflow
Hungary´s banking industry faces a substantial loss of confidence. More and more Hungarians shift their deposits to foreign banks.
January 9, 2013
Slovenia: Government in Crisis
After severe allegations of corruption, Slovenia´s government is under pressure.
January 9, 2013
Central Europe's Relations With the U.S.
Philip H. Gordon from the Bureau of European and Eurasian Affairs at the U.S.-Central Europe Strategy Forum, Center for European Policy Analysis (CEPA) in Washington, DC remarks on the issue of U.S. relations with Central- and Eastern Europe as follows.
January 9, 2013
Foreign Trade With Hungary Shrinks
External trade in goods showed a surplus of € 704 million in November. Exports and imports fell by 1.7% in 2012.
January 9, 2013
Slovakia Record Substantial Foreign Trade Growth
In the first eleven months of 2012, exports increased by 11%. Imports were up by 6.4%.
January 9, 2013
Czech Inflation Above EU Average
Consumer prices in December increased by 0.1% compared with November. The year-on-year rise in consumer prices decelerated to 2.4% in December (2.7% in November).
January 9, 2013
Poverty: Romanian and Bulgarian Citizens Most Endangered
Regarding the poverty rate, Bulgaria, Romania, Spain, Greece and Lithuania are significantly above the EU average.
January 9, 2013
Generali to Expand into CESEE Region
The Italian insurance group wants to strengthen its market presence in central, east and southeast Europe. The minority stake in the Czech insurer PPF will be acquired.
January 8, 2013
NBP Plans Further Interest Rate Cuts
Further interest cuts are likely, NBP´s governor Marek Belka told FT in an interview.
January 8, 2013
Retail Trade: Sharp Decrease in Slovenia and Bulgaria
Volume of retail trade up by 0.1% in euro area in November 2012 compared with October 2012.
January 8, 2013
Poland: Unemployment Rate Grows Further
At the end of December, Poland´s unemployment quota reached 13.3%.
January 8, 2013
Hungary: Negative Development in Industrial Sector
In November 2012 – according to preliminary data – industrial gross output declined by 6.9% compared to the same month of 2011.
January 8, 2013
Slovakia: Turnover in Internal Trade Decreases
The Development in November 2012 compared with October 2012 was negative. In the first eleven months, the turnover figures showed moderate growth rates on average.
January 8, 2013
Hungarian Opposition Optimistic to Come to Power in 2014
Hungary´s opposition leader Attila Mesterhazy seems to be convinced that Prime Minister Orban will be replaced in 2014.
January 8, 2013
Serbia: Doubts About Economic Development
Milos Bugarin, President of Serbia´s Chamber of Commerce demonstrates skepticism regarding the economic outlook issued by the government.
January 7, 2013
Rostowski Initiates Debate on Eurozone Accession
Poland´s Minister of Finance Jacek Rostowski wants to define a criteria catalogue for Poland in order to create the accession “safe and advantageous”.
January 7, 2013
Immofinanz Sells Offices in Prague
As of 31 December 2012 Immofinanz Group sold the office building BB Centrum Building C located in Prague to the VIG FUND.
January 7, 2013
“2013 will be a better growth year for CEE than 2012”
Unlike 2012 the new year starts with much less financial stress and easier monetary policy. Central and Eastern Europe has still considerable potential to outperform EMU, differentiating on domestic policies, Bank Austria says.
January 7, 2013
Czech Construction Output on the Fall
In November 2012 the construction output fell by 2.7%, year-on-year (y-o-y), in real terms.
January 7, 2013
CESEE: Economy Slows Down Further
CEE macro downturn to hit trough in Q1 2013; forecast GDP growth 2013: Poland 2.2%, Slovakia 1.3%, Romania 1.1%, Erste Group says.
January 7, 2013
CESEE Equity Market: Upside Trend after Slow Start
Country allocation: An overweight on Russia is a strong bet for the coming quarter and mostly based on liquidity searching for an option after Turkey performing so strongly, Erste Group says.
January 7, 2013
Czech Industrial Sector Shrinks
In November 2012, industrial production decreased at constant prices by 3.9%, year-on-year; working days adjusted industrial production decreased by 6.2%.
January 7, 2013
Czech Republic: Exports Grew, Imports Fell
In November 2012, according to preliminary data of ‘border statistics’, current price exports rose by 4.2%, while imports fell by 2.4%, year-on-year (y−o−y), respectively.
January 7, 2013
Poland: LOT to Downsize Radically
The financially stricken Polish airline must scale-down its activities drastically in order to become profitable again
January 5, 2013
Hungary: No Mandatory Voter Registration
The Hungarian Constitutional Court rejected the law proposed by the government.
January 5, 2013
Bulgaria: Private Households Not to Increase Consumption
According to UniCredit Bulbank, the consumer behavior will remain rather cautious this year.
January 5, 2013
CESEE: Construction Industry Shrinks Further
The European research institute Euroconstruct expects a negative development for the construction industry in the CESEE region.
January 5, 2013
Serbia: Government Expects Recovery
In 2013, the Serbians will not benefit from the economic recovery, Prime Minister Ivica Dacic says.
January 5, 2013
Croatia Faces Stagnation
Last year, Croatia´s economy shrank substantially. In 2013, the country will recover, economists say.
January 5, 2013
Poland Plans Bank Taxes
The Polish government considers introducing bank taxes in order to stabilize the banking sector.
January 4, 2013
Hungary: Unemployment Rate Unchanged
In September–November 2012, the number of unemployed people was 468 thousand resulting in an unemployment rate of 10.6%.
January 4, 2013
Hungary: 55,000 More People in Work
In September–November 2012, the number of employed people was 3,925 thousand, 55 thousand more than a year ago. The employment rate of both men and women improved.
January 4, 2013
Poland: Government to Focus on Family and Employment
Poland´s Prime Minister Donald Tusk announced that the government aims to create more than 400,000 jobs this year.
January 4, 2013
Slovakia: Gasparovic Demonstrates Optimism
On the occasion of his traditional New Year´s speech, Slovakia´s President Ivan Gasparovic underlines that the country is able to manage the crisis.
January 3, 2013
Hungary: Dissatisfaction Grows
More than the half of the Hungarians is dissatisfied with the country´s government.
January 3, 2013
Poland: Public Debt Level Shrinks Slightly
At the end of 2012, the public debt level came at 53% of GDP. One year before, the quota stood at 53.5%.
January 3, 2013
Hungary: Public Deficit Declines
The deficit of the general government sector fell by 3.1 percentage points in the 3rd quarter of 2012.
January 3, 2013
Bulgaria: Budget Deficit Lower than Planned
Bulgaria´s budget deficit is expected to reach about 1.0% of GDP.
December 30, 2012
Poland Promotes Privatizations
This year, Poland´s revenues from privatizations total more than € 2.3bn.
December 30, 2012
Serbia: Foreign Trade Grows Moderately
The overall external trade in the Republic of Serbia for the period January - November 2012 amounted to: - € 21464.6m - which was a 4.3% increase compared to the same period 2011.
December 29, 2012
Serbian Industrial and Trade Sector Under Pressure
Retail trade is shrinking drastically, the manufacturing sector stagnates. GDP fell by 2.5% compared to autumn 2011.
December 29, 2012
Favorable Economic Outlook for Croatia
After a severe setback since 2009, the country is expected to register substantial growth rates again, Erste Group says. Above all, the EU accession is expected to boost the country´s economy.
December 28, 2012
Automotive Industry in CESEE Region Booms
According to an analysis issued by Austrian Erste Group, every fourth car produced in the EU in 2013 will be "Made in CEE".
December 28, 2012
Ukraine: Gold Reserves Gain in Importance
The share of monetary gold in Ukraine’s international reserves has almost doubled.
December 28, 2012
Serbian Economic Performance Worsens
It was estimated that total economic activities in 2012, measured by gross domestic product and expressed at previous year prices, fell by 1.9% in comparison to the previous year.
December 28, 2012
Austrian Purchasing Power Abroad Shrinks
For Austrians, Hungary and Croatia still leading the list of top destinations. The Holiday euro is worth slightly more in many Eurozone countries than in Austria.
December 28, 2012
Serbia: Recession Aggravates
Quarterly Gross domestic product of the Republic of Serbia down by 2.5% in the third quarter of 2012.
December 28, 2012
Serbia: Labor Market Still Tensioned
The official unemployment quota decreased slightly. In the last twelve months, the employment situation has improved.
December 28, 2012
Czech Republic Does Not Fulfill Maastricht Criteria
At the moment, joining the eurozone is no issue for the Czech Republic. The stability criteria are still not fulfilled anyway.
December 28, 2012
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